Member Info for Bigbadbaz

https://www.investing.com/commodities/brent-oil

$78.08

Don't forget that oil is held up by artificial means.It could be trashed very quickly.

''. I sold out £800k in BP over the last week. A long story how I got to that point but now, one extreme to the other''--------------------------So you sold 260 000 BP shares. No wonder you were concerned. £2600 per penny movement wowsers.

'' If BP sold BPX, we could get a special dividend of around 60p per share. ''----------------------------A special dividend is just a share buyback by another name. I they made it 60p,they would reconsolidate the sp leading to share reduction.On top of that a 60p/share dividend would drive many into paying tax and some people, the super tax.I hope if they sell they pay off debt with it.

Gary, Smithy is at the wind up.He posts these posts every so often the get the board wound up.

£3

''. For me a more realistic measure is against the current value of your capital not what it once was.'' Well Zac we agree to differ.I am getting 3.2% on my investment in real terms.Pretending that it is 5.2% is pretending.

''By selling my RDSB at a gain it brought down my average for BP. Now I am going to hold BP for the next year .'' ???????
Surely .whether you sold RDSB at a gain or loss means nothing to your average BP price.To lower that average you have to buy lower than your existing average or am I missing something?

''Be careful and don't fall into that trap. Your yield is 5.1%. If the share price remains static from today for the next 12 months you would see a return of 5.1% on the value of your investment today.'' ------------ Zac, how is it a trap?. My ave. is £5 giving me a yield of 3.2%.It will remain there until the divi changes or I buy more and alter my ave.

''
Firstly, recovery rate of the plant. If you back calculate the tonnage processed at an assumed 12g/t grade, versus the concentrate produced, then you can see the recovery rates are 60-70%. This is poor. This plant should be (and was designed to) recover 90%+ of the gold. So there's a 30-50% improvement there to be had.''----------------The high grade ore has to be diluted with the low grade ore lying about.The product going through the mill will be a bit less than 12 g/t. The mill might be running as designed.

Gavster,if you slide the chart back 6 months then it is a different story. One snapshot a chart does not make.I am not having a go here, I am merely stating my observation over the years and not just the past few months.

''So it should be no surprise the movement gap between RDS and BP share prices is widening, '' I have been in shares for approx 35 years. In this period Shell has been tradionally 5 times BP. The gap is not widening at all.

24 hrs at 7.5tonnes x 6days = 4500 tpm. Mining is never that good. In theory it's possible.I hope they get there.

RH, I wondered about that.If the plant design is 3000 tpm, what is going to make it 4000tpm without an upgrade?. They would need producton 18 hours a day. 7 days a week.

Scot gold if I remember correctly have said there will be no divi until mine 2 or 3. I very much doubt if the sp goes over a £1 this year.I think we are just holding our own in intensive care. That said,we are in a much better place than before.

Just heard on the radio that the weather has been above 25c in Tyndrum for 3 days making it an official heat wave.

''I don't know why, but I have a good feeling about the likelihood of finding lots of Gold in the Erris sites near Loch Tay.''. I used to say that about Cononish.

''That said, I'm holding and I like the dividend,'' I liked the dividend when it was double.Timing as they say is everthing.

''They are both selling off oil assets to other companies.''.Makes you wonder why other companies are buying these assets.I can see a point in the not too distant future where western oilies are put out of the game and the Saudi's will have the market to themselves.