Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Just for the record and to add some perspective.....I sold out at 26p a year or so ago subsequent to an attack on the pipeline...regretted it a few weeks later as the sp did not tank.... I bought back in...at a much higher price....this company seems to shrug off attacks and as we all know they now have an alternative route to market.
Not necessarily sells...note AT on the latest trades.....brokers look to be hunting and triggering automatic trades...PI's talk of MM manipulation....... but that is their job...to create a market.
Great RNS......but unfortunately CASP also announced results from their side track venture today that gave them nearly 3000 bopd (half that of ELA) and the locust swarm descended without looking elsewhere...ELA always burns slowly IMO...good value will out...eventually GLA
George Maxwell, CEO of Eland, commented: "I am delighted to announce the successful completion of our oversubscribed placing. I would like to thank our shareholders for their continued support and welcome our new shareholders to the Company. "Eland now has the funds available to accelerate drilling activity across our development projects. We intend on deploying these funds immediately as we focus on growing our production significantly and drilling preparations for the side-tracking of Opuama will commence imminently. We look forward to updating shareholders on our progress."
ii support at circa 55p & directors to buy in again, all would have done their research and analysis prior to taking up the offer, one may safely assume they wish to make a profit on their investment at this price...just a matter of time from here on in.
"In May 2017, the Forcados export terminal was re-opened and production has been restored back through the Forcados export line, at 11,500 bopd. Whilst the transition back to Forcados will require careful working capital management, it offers the potential for immediately higher production levels at improved margin and netbacks. Notwithstanding the near term challenges it is against this backdrop that we anticipate further investment and increasing cashflows as 2017 progresses."
looks like word is maybe out regarding the Forcardos terminal reopening imminently?
Full Honda article - originally on another bb Honda said on Tuesday that it had created the first commercial hybrid-electric vehicle motor without using any heavy rare earth metals. (Rare earth metals are often divided into “heavy” and “light” categories.) Working with the expertise of Daido Steel Co., Honda’s new motor will appear in this year’s Honda Freed, a hybrid minivan sold in Japan. Rare earth metals are essential to making a plethora of items, including smartphones, laptops, missiles, and electric cars. Unfortunately, that group of elements are at risk of shortage, and many of them are mined predominantly in China, adding a special political flavor to ensuring a global supply for industry. In 2009, Reuters reported that Toyota, maker of the popular hybrid-electric Prius, risked suffering at the hands of a rare earth metal shortage. And in 2010, China temporarily banned exports of rare earth metals to Japan during a standoff over territory. The Japanese automaker bristled at that turn of events. Although Honda told Reuters that it started looking into ways to reduce rare earth metal use a decade ago, the recent risk of shortage and the growing popularity of hybrid vehicles spurred the company to look more seriously into ways to "avoid resource-related risks and diversify channels of procurement,” according to a Honda press release. Honda’s press release adds that a magnet made of rare-earth metal neodymium is necessary for a hybrid motor, but without the addition of heavy rare earth metals like dysprosium or terbium, the neodymium magnet is susceptible to damage and performance issues from exposure to high temperature. Daido Electronics (a subsidiary of Daido Steel) worked with Honda to develop a neodymium magnet that could tolerate high temperatures without help from heavy rare earth metals. Instead of sintering the neodymium magnets (a process that can use heat to compress an element but doesn’t liquify it), Daido used a “hot deformation” process to make the magnets. According to Honda and Daido, the hot deformation technique “enables nanometer-scale crystal grains to be well-aligned in order to realize a fine crystal grain structure that is approximately ten times smaller than that of a sintered magnet, which makes it possible to produce magnets with greater heat resistance properties.” While this method had been tested before, Honda took the tests a step further by preparing to use hot deformation magnets in a production vehicle. Specifically, it revised the shape of the magnet and the rotor to “to optimize the flow of the magnetic flux of the magnet.” Although Honda's latest development isn't completely rare earth metal free, due to the need for neodymium, that raw element is also mined in North America and Australia, as well as China, according to Reuters.