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This isnt solely a Boohoo issue it is an issue for all, all companies use these factories that are not owned by the firm.
There is evidence in china of concentration camps that large companies have been using and kept a blind eye, boohoo being mentioned is a red herring, sort the industry out that will help these workers.
6,500 annually is not an unreasonable amount qualified people are probably paid 2/3 times that amount over there.
Follow your conviction don’t take advice from anyone here, do you own research.
It’s just a deadline which LC has messed up, set an unrealistic deadline that he could not achieve in the time frame , probably reenforces why he is paid so much
Disappointed and have emailed him
No warning of delay, poor form emailing on the day. Looks stupid tweeting everyday , investors should be aware of.. he should be aware of deadlines and why he can’t get it over the line.
What is he doing? Blaming on covid and due diligence process more clarity is required.
Why hasn’t he taken a cut in salary if he is blaming covid, in line with other businesses who recognize the impact this year.
He reminds me of William Howe at metminco who was a charlatan
I’m expecting them to announce it is done but it may be complicated hence timing of announcement. They had previously given some advance notice of a delay and the reason , they haven’t if there was another one will look bad on LC and the team. No indications from repetitive Twitter feeds that add no value, perhaps there is some complication in the deal or things have changed they may announce something different to what we are expecting like full sale etc
Last announcement https://polaris.brighterir.com/public/katoro_gold/news/rns/story/x5ol40r as you can see the announcement for mobilisation hasnt happened yet officially, maybe it has just havent heard of it yet. until then thinking about drill sis premature, Blyvoor is main target for now.
DUC's drilled but uncompleted wells, rigs are used for drilling but they need to complete the wells to make into production.
Also will be interesting as a lot of service companies have cut back, US will start to tail, they may spend more to bring DUC's in play and may do as they have spent a lot already in the drilling part.
https://www.eia.gov/todayinenergy/detail.php?id=39332
$60 oil is not a spike, over $80 is a spike and it can get to that, as so much investment has been coming off and shale is not the boogeyman as once said.
But it will need demand to get back to higher levels and that will come over time.
Hard to value what it should be the Tullow price has dropped significantly, if you look at its peak 8 years ago it was priced around c£13/14, fell and seemed to be priced right in 2016 of the last oil price war, but it has tanked further when you look at the likes of PMO that hasnt seen a fall such as that if it did it would be trading around 10p as compared to Tullow 25p.
I can see this going up to 50's again, but Uganda needs to be sorted out as slift mentions redrilling in Ghana. Signs of FID for Kenya which has gone on forever. Higher oil price, the chances of a spike in next couple of years is getting higher everyday. Think the management here have been weak and offering a dividend last year was the most idiotic thing to have done. Lets see what the new guy brings. SP is irrational, higher oil price but most oilies are underperforming to what was seen last few months. SP probably building in another fall in Oil again soon as they dont see oil drawing from stock and OPEC+ ready to ease off from the cuts.
Tullow is a great company caught out by the oil war a few years ago, if that hadnt happened this would be at a much higher SP.
Hi
Can someone explain the drop in may i have had a look at the website, is this a reservoir reduction on Lnacaster? any info you guys have to explain is appreciated
I hope this performs well, you have a lot of interest parties and gold is back in fashion.
What are people hoping to expect? I do not know enough about the projects and what is valued the board have not updated their website for a while.
Good luck to you all I don’t own shares here , but I did own shares in a similar company called Metminco. Investors Got ripped off there I don’t know enough about this company but hope with the bull run in gold you should get a decent offer