Member Info for AquaeSulis01

Will Beazley be hit by the Suez Caal blockage claims? The blockage caused by the grounding of the Ever Given held up an estimated $400 million per hour in international trade. Insurers are expected to cover up to $100 million.Tags:Suez Canal, Egypt, Ever Given
Reinsurers could be looking at costs running into hundreds of millions of dollars following the wedging of a vessel in the Suez Canal, which halted international trade for nearly a week.
Ships typically have protection and indemnity (P&I) insurance covering third party liability claims, including environmental damage and injury.

Alan Mackinnon, chief claims officer with UK Club, the Ever Given’s P&I insurer, told Reuters it expected a claim against the ship’s owner from the canal authorities for possible damage to the canal and for loss of revenues.

"I expect we will get a claim from the Egyptian authorities quite soon and the claims from the other shipowners will trickle in over the coming months," Mackinnon told Reuters.

The blockage held up an estimated $400 million per hour in international trade, according to the German insurer Allianz.

The UK Club will cover the first $10 million of P&I losses while the wider pool of P&I insurers will cover up to $100 million. Reinsurers such as Lloyd’s of London could face up to $2.1 billion of claims.

"This is not an existential moment for the P&I sector. It may be a large claim, but we are structured to deal with large claims,"

Suez Canal Authority chairman Osama Rabie said earlier this month that the exact amount would be calculated after an investigation was conducted, but gave no indication as to when the process would be completed.

https://english.alaraby.co.uk/english/news/2021/4/9/suez-canal-blockage-to-weigh-heavily-on-reinsurers

Paul Johnson not OK interpretive text

What does merit consideration is that OK elected to purchase shares twice at full market rate when he is still sat on 10,000,000 warrant options at 1p. "Given the level of ongoing operational activity there is a material likelihood that the receipt of price sensitive information could frequently restrict the ability of Paul Johnson, Andrew Bell and Red Rock Resources plc to exercise the February 2019 warrants.

Reflecting the above the Company has extended the Insider Warrants expiry date by three months to a new expiry date of 18 May 2021."

AUSTRALIA 49.9% Victoria Goldfields
(Gold)
The Initial Public Offer (“IPO”) process has formally commenced with the
appointment of legal counsel in Canada. Following the grant of first three
licenses, as announced on 2nd February 2021, a further seven
applications are at an advanced stage of processing
FORMATION OF KANYE
RESOURCES PLC
Kanye Resources Plc now formed in the UK,
and Kanye Resources Pty Ltd in Botswana. This
is the holding company structure for a planned
listing of Kanye Resources on a recognised
stock exchange.
It is proposed that Kanye Resources will
compose of the following assets:
The 50% owned Ditau Project – Rare Earth
Elements (REE’s).
The 50% owned Ghanzi South (Kalahari
Copper Belt) Project – Copper & Silver.
Currently working with our partners to review corporate options including a potential listing of the Silver Peak
project on a recognised stock exchange

The appointment of Stephen Hammond with his international understanding of healthcare, finance and experience of working in senior positions within finance and government complements the appointment of Christopher Nother on a part time consultancy basis to explore the use of LPLDL® in pharma, either as an 'over the counter' (OTC) product, or a drug biotherapeutic in markets outside the USA, perfectly.

What's you surname; Andrew Hindsight?

Another new investor here, watched the presentation, picked up on the fact that on a PE ratio the company is undervalued in relation to its peers, a fact that it will become apparent when figures are released in the interims, which I believe are due on 27th May ,which was good enough for me..

Everes,

Worth a listen to the media on Power Metal Resources website where Paul explains his strategy.
https://www.powermetalresources.com

Points to bear in mind re the different eggs in the basket:

Paul has put a lot of his own money into Power and hence any decision he takes re IPOs and subsequent cash generation will be used to create most benefit for shareholders as he is a major shareholder himself.

The current sp will multi bag if just one retained egg hatches with a major find so using other eggs to fund remaining projects and hence not need to fundraise and further dilute shares sounds like good news to me

Growth can be steady or explosive and agree it has been stunted for a few years and the "Rudderless" Board has needed refreshing which if you review the RNS from late last year has been happening. So let's give the new Board Members a bit of slack to prove they can accelerate profits for these world class products; after all the appetite for the Microbiome market post Covid is certainly there now

Yes Legalwolf, as the language used is the same as the language that appears in the later RNS reporting RAB progress on 12th Jan "Fieldwork results will supplement the existing geophysics data, helping to optimise the planned RAB drill hole placement, and in conjunction with the results from the RAB drilling programme, will assist in targeting for the currently planned follow-up diamond drilling programme."

2p per share in a few months could look a steal; Canadian Spring enabling Silver mine explorations, further exploration at Haneti, lab results for PGMs from Molopo Farm, Australia exploration/IPO, DRC Cobalt production license grant etc, and if anyone doubts what a gamechanger a major Cobalt find would be, have a look at the new presentation from the Anglo Pacific Group showing how they have re-shaped their portfolio away from Coal etc to Cobalt as their major exposure followed by base metals as they see the price of those commodities rocketing.
https://media.moneyam.com/a/2021/04/3-Anglo-Pacific-Group-V2.pdf

You're comparing a value stock with a growth stock so not the best of comparators; should hold both types in your portfolio

We know with the warrant money POW have the funds for Haneti diamond drill follow up work and from Katora Gold 22nd Dec RNS "The Fundraise will significantly bolster the Company's ability to continue uninterrupted with work on its projects during the current uncertainty and unpredictability associated with COVID-19 and to advance the project funding initiatives as well as complete technical study work for the Blyvoor Gold Tailings Project and also expanded follow-up work on the Haneti nickel exploration programme;"

Well this is what analysts were expecting so results look to have beaten those expectations.

"Tesco, Sophie Lund-Yates Equity Analyst
It’s been a pretty exceptional year for this supermarket giant. Navigating mammoth changes in demand patterns that come with a pandemic, hiring an army of new staff and going full throttle on online expansion, all mean profits aren’t going to be stellar for the full year. Analysts expect operating profit to fall around 37.5%. It’s important to focus on the longer-term picture.

We’d like to know what expectations are for margins. As the group continues to ramp up investment, we wonder what that means for the operating margins (currently around 4.2%) Tesco worked so hard to rebuild.

One of the biggest threats for all the grocers is enormous competition. That means we’ll be looking closely for any commentary on trading in the run up to Easter. Tesco put in a very strong performance over the Christmas period, and some analysts expected consumers to pull out all the stops for Easter this year. We wonder if Tesco was able to repeat that strength in the run up to the latest round of celebrations."

That latter post neatly puts the top 10 comparison into perspective news ty. The results to date are promising but no more than that as POW appear to be targeting discontinuous veins in a series of deep verges

news, don't take stats out of context. For instance Crawford Canada has "Higher grade mineralization of 0.30% nickel over core length of 308 metres, including 153 METRES of 0.32% nickel and ending with an additional 36 metres at 0.32% nickel"

Having studied the discrepancy between the KKME News posting and the Official POW RNS, and analysing the detailed table in the RNS, it appears the KKME post contains measurement errors; the initial digits are missing from each metric figure.

However, it has caused me to re-cut the high Nickel content figures reported in the table between 309.04 - 313.10 M; the 1.61M at 0.72% represents the average of the three readings of 0.6999%, 0.7018 %and 0.7459%, so if you carry out an average of the remaining five readings in the range, the average Nickel Sulphide percentage of the other 2.54M = 0.3697%

link to KKME news
https://www.kalaharikey.co.uk/news/

Worth noting that KKME have now provided their own update for the Molopo Farm results with a slightly different slant.
POW RNS Stated "HIGHLIGHTS:
The first batch of assay results for nickel (Ni), copper (Cu) and zinc (Zn) have been received for the diamond drilling programme at the Molopo Farms Complex Project.
• Angled diamond drill hole KKME 1-6, downhole, significant Ni intersections 1 include:
o 4.8m @ 0.2% Ni from 292.7m
o 4.1m @ 0.49% Ni from 309m, including
§ 1.6m @ 0.72% Ni from 309.6m
o 16.7m @ 0.16% Ni from 501.8m
o 10.9m @ 0.13% Ni from 518.2m
3.4m @ 0.28% Ni from 594.4m"

From KKME note the 6M at 0.70
"Angled diamond drill hole KKME 1-6, downhole, significant Ni intersections include:8m @ 0.2% Ni from 292.7m
1m @ 0.49% Ni from 309m, including 6m @ 0.72% Ni from 309.6m
7m @ 0.16% Ni from 501.8m
9m @ 0.13% Ni from 518.2m
4m @ 0.28% Ni from 594.4m"
Also note delay to third drill hole for lab assessment because of covid travel restrictions.
"On-going work
Laboratory analyses of the core from the first two boreholes is continuing. The core from the third borehole is being logged by our consultant geologist and samples will be selected for laboratory analyses. The University of Witwatersrand research team plan to visit Botswana to examine the core once travel restrictions are lifted.

Re-interpretation of all the geophysical data is also proceeding with the integration of the large amount of geological data obtained from the first three boreholes. The majority of the targets identified prior to the first drilling campaign remain to be drilled and the new geophysical and spectral data acquired in 2020 has also identified new exploration targets."

news, good post and nice to see an independent Geologist's view on the Molopo Farm Assay results.

https://sicapital.co.uk/charlie-r-stephenson/