focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Prime , Make sure you don’t rush things , otherwise you could produce more than gas ,👉🏻👫👫
Prime , I asked a lot of commercial questions, only to be advised they could not comment as ALL information must be done byRothchilds .
I got the impression that a big player is waiting to pounce and there could be others to create a bidding war .
DB I Will not be in London , save your money and buy more Golden tickets this is nailed on .
The headlines coming out of last nights event are -:
GSA in place with Take or Pay clauses to guarantee no backing out.
Licenses Merged to give 8yrs of production.
RISK levels continue to fall .
No decision to drill TE10/11 until TE9 tested then it’s bids or another drill , JP stated let’s wait and see what comes up , let’s hope it lots of gas !!
JJ at the end of the year we will know the bottom line .
There was a very up beat attitude from all the sound team, especially the Geoligists , The Salt seal was seen to be very significant in preventing gas seepage .
The World market for GAS is on the up and JP said that our timing could not be better to attract the best deal going.
Going back to bed as did not get home until 2am .
Must mention the lovely lady and her mother from Wynard , her husband is and O&G man working in Italy , My right arm is dropping of from filling their glass with wine .
Book your holidays , buy your boats and sail away .
Hi All , I’m heavily invested here for self and grandchildren, avg 31p so very concerned by your informed posts .
Just read up on the Non exec Chairman’s C V , and wonder if he is the reason for the empire building given he was strategy director at Anglo American. ? .
Another view we could take on the Zinc mining is a spreading of risk , there is high demand for this going forward.
Jungle drums are pointing to share price lift to a further strategic move by the BOD
BDEV are doing the new builds on the former Terry's chocolate factory in York, they have also secured a new site for 180 houses in Stamford Bridge ( Yorkshire not Chelsea) . Beverley sites are selling like hot cakes , I'm holding for £7.50 . Keep the faith .
I posted some 3 months ago that the CEO'S target price was 650, Barratt are selling as soon as they are built, just visited their show home in Beveley , very impressed two sites one all sold second going well York sites also selling well Upee bought in at 380 will hold for 700. Good Luck to all.
Can anyone explain the price drop, the houses are selling like hot cakes, I called into my local site to ask what price the 4 bedroom house was only to be told they would not be any for 6 months and they would put the price up if the current demand continues ! The target price for the SP is £ 6.5 . Let's hope it gets there.
Correction for contact read contract, and know anything.
The normal terms for a contract selling power is to insist the buyer issues an irrevocable letter of credit or sovereign guarantee equal to the value of the equipment , the set up costs and the first 6 months ( or 12 ) revenue. Should the buyer default the LC or bond is cashed. Now if APR did not set up the contact in this manner they have committed commercial suicide. Does anyone out there no anything ?
Many moons ago like 25yrs back ! Aggreko went to their NAV at about £1 , I ever bought in what a mistake that was. So am about to take the plunge once I have established the APR plant utilisation figure.
Hi Nezi, IPP contracts are secured by the end user providing a letter of credit, sovereign guarantee or bond to the value of the equipment plus mobilisation costs and the revenue of the rental period. The guarantees are reduced as the contract is executed.. You should not APR unlike Aggreko deals in major contracts only they do not have sets for small on site rentals. The business needs a lot of fianance for the capital purchases, also I not in addition to diesels the are using large gas/diesel fuelled turbines which are not very efficient. APR are head to head with Aggreko so margins will be squeezed, MIDDLE EAST and AFRICA are key markets with ME in turmoil things look tough., Trust this helps
Could be the Lybia project is seen as been under threat due to new unrest. It is the biggest deal on their books.
Hang on in there mate, APR are backed by some big US investors like Madaline Albright the former Secretary of State . GE will also help the cause by using them in change outs and break downs.
If you look again you will see that one of the £4.125m is a sell. However APR have taken some very good contracts the only worry for me was the one in Lybia where the rival factions are also selling the countries oil and reducing government reveniew, APR confirmed payments are upto date so with 80% + utilisation of the fleet they look to be in a sound position. A friend of mine was in a negotiation with the MD and he was very professional winning the contract in face of competition from Agrekko . The brokers have it right the only way is up wth a large step up !!!
The CEO resigning could be as a result of the strong competition Aggreko are now experiencing which, I met a lawyer who was on a team selecting their IPP supplier , the team chose APR ENERGY due to their team approach to deliver the power required. Aggreko will continue to perform but not have their own way. For me I'm backing APR Energy, they have some big hitters behind the scenes like Madeline Albright the ex us Secretary of State.
Mark Cutifani, the CEO is a miner who understands the dynamics of the industry, he will do the necessary to cut out the fat and delivery the bottom line returns needed to satisfy share holders . Stay with it and you will get the benefits of his knowledge and determination to succeed .