Member Info for bald_eagle

I might say it was a big 'strange' of Ofer to bring up 'profit warnings' in the investor presentation...perhaps there was a question that I didn't hear, but Ofer seemed to bring it out of nowhere just as he was summing up.
When a politician says "There isn't a fuel crisis"....people rush out and start topping up their cars.
When a CEO says "There is no profit warning"....what do investors think & do??!!

" ...always look on the bright side - of life!"
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...don't grumble give a whistle!

I don't think I have the stomach for tonights RBC spiel....after an hour yesterday when I learnt almost nothing of value I think I will do something more constructive this evening...I have a wall of newly coated Farrow & Ball that needs monitoring!

"Was s**1 correct about share price?"
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We don't mention his name.....a bit like Voldemort!!
Answer: Anyone who sold shares above 800p is 'probably' happier than those who didn't...but the management seemed confident of the future in the yesterdays investor presentation.

"although supply issues look like persisting, particularly with Chips"
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I bought some chips yesterday, there seemed to be plenty. Aldi if you're looking for some!!

Lots of the older generation have been severely impacted healthwsie by the isolation of the pandemic and the lack of regular medical attention - possibly caused by an altruistic sense of 'Oh, I'll be all right in the morning' & not wanting to bother doctors who are obviously overloaded...until things are really bad and sometimes too late. These are casualties of the pandemic that don't appear on the daily stats and haven't really been counted. The government doesn't have an answer apart from throwing money at the problem...but they cannot magically conjure up GP's.

Where are they going to have their main headquarters....they used to have the Shell centre on the Southbank which would have been suitable but lots of that complex has been sold off. Are they going to be sited in London?

" whilst I don’t like the guy, Tim is generally a good Capital allocator providing he is not buying financial instruments."
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I'm a bit worried about Tim. His support of Brexit was a bit OTT....offering free pints to anyone who said they supported it....I would do anything for a pint?...well, almost anything!!
I hope JDW has a sensible transition plan for replacing him when he becomes too GaGa...not too far away possibly.

The guy obviously means something to him, so give him a break. Perhaps Bernie Auld was also a Tremor investor. RIP

Not sure the questions chosen were most the difficult asked by investors. Surprised he wasn't asked "Ofer, what is your favourite colour?"
Not entirely convinced....why did he mention rumours of a profit warning at the end?

Hopefully a simplified structure and name change will help people like Char from buying the wrong share!!

"1. Explaining the omissions.
2. Agreeing to a reduction in remunerations.
3. Explaining why they took such large sums for listing on Nasdaq."
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Nobody likes admitting they made a mistake...or that they weren't entirley forthcoming with all the facts (lawyers could be involved!!). So a discussion on omissions will 'probably' rapidly switch to future prospects & targets being wonderful....hopefully!!
Pay & remuneration change is like turkeys voting for Christmas...it ain't gonna happen. Probably suggestions of 'If you want the best you have to pay the going rate'!!
Hopefully positive news about future growth is given and will be enough to maintain confidence.

The pain continues ahead of the presentation. Hopefully the management will earn their pay and stabilize things.

"Perhaps my arguments were not clearly expressed or you are a ‘Bird watching climate change activist’ and not a Shell or BP investor...."
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ArgentaG, what a peculiar thing to write. So if I am a 'genuine' Shell or BP shareholder I would somehow understand your points on the climate debate. Just because some of the points seemed rather trivial and had nothing sensible to add to the 'climate' debate must mean I now have to sell my Shell shares.
Sorry not in BP....another sign I shouldn't be here I suppose!!
BTW the future for SHell (& BP) is a mixture of reducing fossil fuels and increasing low carbon alternatives....the rate of that transition is the big unknown. I would like to see Shell investing a larger % of the current oil & gas profits in the green side of the business, it would future proof the company IMO. The current COP26 agreement is fairly benign for the oil industry, but in future COP's the pressure for change will only increase until we reach the point where really drastic action may be taken...so better to prepare early (like now). The alternative is just to give up and let global warming go effectively unchecked.....with food shortages, mass migration, rising sea levels, fires & floods all predictions by the scientists. Is travelling by electric or hydrogen vehicle really so terrible?!

"Well, is it really just like a football match then?
One lost game and the manager is hauled over the coals."
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Isn't it about expectations? A series of defeats or one hammering by your derby rivals is soften enough.

"If so I hope that ALTN don't give away such a generous share option incentive again to promote bond sales."
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It was very generous...Putin's kickback I suppose!!

" Most of us have known about all of this for five months+"
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Radium1, I didn't know about this and I thank you for informing me. Will it change my stance on TRMR?.... I don't know yet. Do I need to know it?....most definitely yes!

Population growth is a long term issue for sure, reducing the population isn't going to solve global warming in the short term....we need to reduce our dependence on fossil fuels. To pretend otherwise is just deflection of people who espouse the doing nothing (or doing very little).
The rest of the accusations were mostly irrelevant trivia....so what if Greta comes from Norway, it doesn't make the truth any less unpalatable?....BTW when she farts she probably emits methane (add that to your list of arguments against climate change).
Ultimately to pretend that climate change isn't going to impact us - because the the messengers aren't perfect eco-angels - is silly and a sign of an investor who is denying reality....and possibly missing an investment opportunity. Akin to sticking your head in a bucket of sand!!

PS Migration is partially caused by climate change and in the future - especially if we exceed 1.5c - will be far far worse than it is now. Some of those people might even want to come to the UK.

"Having said that nobody likes the fat cats at the top to get more money in a couple of years (or less!) than we will ever see."
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Tricky, not exactly. There is the danger - as highlighted by Radium1's analysis - that if director remuneration becomes too large it can start to distort the financial figures. A team is more than one or two people, it's all very well having Ronaldo or Messi on the team but not if it unbalances the performance.
I was trying to think which football team we would be.....would we even be in the Premiership?....perhaps newly promoted?......perhaps in the Championship, edging towards the play-off zone!!

".... the company just announces 8k oz production in Q4"
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It seems highly likely that the Q4 gold production will be nearer to 8K than the 9K5 required to reach the 30K yearly forecast....which funnily enough was the figure - albeit for the next 3 years - that the 'independent research' came up with (28K wasn't it?)....perhaps they knew something after all.
To get to 9,500 oz they would have to process at least 170,000 tonnes of good grade ore (unless the grade increased dramatically). There seems to be some unexplained limitation to the processing system and 'perhaps' 140,000 tonnes is the current upper limit....again pointing to 8K (or slightly less) in Q4.
News about the additional financing - whether that is the Russian bond (!!) - or a n other source, is 'probably' needed to give the SP a boost.
Nameplate capacity of current plant of 850ktpa is becoming a joke.....I shall send them a nice brass plaque with 500ktpa written on it for Chrimbo.