George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I've see these types of buy backs
* company buys shares over the market (most common)
* company announce auction to buy back shares. Ppl interested to sell notifies company. Normally done as dutch auction in my experience.
Any thoughts on this? Delays increased to 15 days in China due to more covid measures.https://www.maersk.com/news/articles/2021/05/27/greater-china-yantian-port-operations-update
Swedes are nutters. They sell furniture that requires you to assembled them at home with instructions that nobody can follow and then also looking at electryfying roads...
https://www.nyteknik.se/artiklar-om/Elv%C3%A4gar
It seems though that latest is that does not look as promising as it did at first.
My point is that even if we do not go down to zero fuel usage with high probability there will be solutions out there that will drastically reduce fuel usage per km.
Romaron heard about the 80/20 rule. The first 80% ais the same amount of effort as the last 20%.
What do you think will happento oilprices when 80% of transportation is fuelled by renewables?
Ppl are on average driving less than 50km per day. HYbrid cars with battery that can drive 50km oil consumption will go down alot.
For lorries they will probable make the motorways electric.
Romaron read up on Wrights law.
https://en.m.wikipedia.org/wiki/Experience_curve_effects
Everything for oil infrastructure has been optimized forover 100 years.
Renewables are just getting a serious push. So to be expected is big improvements. The money and political will is there for ESG.
Do you believe the same exist to develoo a heavy oil field?
I hope D word is the plan.
They should be able to provide very good D from next year if oil stays at this level.
If this does not happen I will be out again regardless of share price.
KO maybe you should set up what you expect and what it would take for you to sell.
I assume the ruling was based on Dutch law which politicans can change if they want. Do not see the slippery slope.
I do not know Dutch law. But if it says that emissions should be reduced by a % until 2030 and it is mandatory then the ruling makes sense.
A good read on develoment of solar.
https://www.theguardian.com/australia-news/2021/apr/25/insanely-cheap-energy-how-solar-power-continues-to-shock-the-world
Solar is competitive with oil when building new plants in sunny parts of the world and is replacing oil.
From wikipedia:
https://en.m.wikipedia.org/wiki/Cost_of_electricity_by_source
In the year 2015, First Solar agreed to supply solar power at 3.87 cents/kWh levelised price from its 100 MW Playa Solar 2 project which is far cheaper than the electricity sale price from conventional electricity generation plants.[103] From January 2015 through May 2016, records have continued to fall quickly, and solar electricity prices, which have reached levels below 3 cents/kWh, continue to fall.[104] I
Do you know how much oil is used for heating? Not sure if I recall correctly but from what I remember it is above 20%.
Already today renewable is competitive with oil for this purpose.
I am invested in Enquest but I certainly will not be for long. Often things go slow and the suddenly they go very fast when it comes to change.
"As an EU Resident you hit the treacle of bureaucracy on a constant basis so"
Could you give one example of this? Have you tried order anything from an EU country after Brexit? I am not ordering anything anymore from UK. Ordered quite a bit before.
Yes. EU handling was not good and mistakes were made. But my main point was that if Astra delivered according to schedule nobody would talking about EUs vaccine failure. EU had unluck by betting on wrong horses and also the mistake to not spend more money.
I am also quite confident that if this is something that repeats the EU will not make the same mistakes.
Even if UK was part of EU they could have decided to not be part of the vaccine procurement. It was voluntary.
I do not think EU is the best thing since sliced bread. But it is much better to be inside than outside.
The main failure so far has been Astra that has not been able to deliver according to schedule.
Centralisation does work if used on the right things. For example GSM is success story and this was mainly due to governments agreeing on a framework.
It is just pathetic to read your EU bashing regarding the handling of corona.
UK handling is one of the worst in the world. The one thing they handled well was vaccines.
But really it is just pure luck that Astra had issues in EU factories and not UK.