Member Info for Bozmo

London equivalent of 7.46/8.20.
time for a tick up?

still someone nibbling away on JSE, 136k gone through. decent bid below.

Anyone heard from Brenda / company recently?

Small buying on JSE today

I don’t think they would have raised money for IDC loan if project wasn’t going to go ahead. We need a good quarter, production is back to full capacity, AM demanding coal again. Last Quarter results were always going to be bad with effects of Covid, can’t afford any more interruptions or holdups. I bought a load at just above 6 previously.

those are buys this morning that have been reported as sells

Uitkomst was due to be back at full production by the end of June.
Arcelor Mittal have started up again and are calling for coal so demand for product
IDC just a bridging loan so they have time to finalise the Phase 1 funding package

looking at Europe, power, carbon and coal prices have also increased recently.

Bought some at 6.125. Genius or madness?

Good grief, down again.

Got a reply, sounds like we have demand. We're currently at 75% capacity and increasing to 100% by the end of this month.

Positive re: financing just waiting for Public Investment Corp to get all the party fully executed

Obv PIC not IPC in my last comment

Encouraging that PIC today increased their stake in Exxaro

Hi tootight, I’ve met Brenda Berlin the new CEO on a couple of occasions when she’s been in London, the last time was when she was doing the rounds when DB stepped down. Last time I heard she was confident about getting the IPC deal completed. Also had other contingencies so fingers crossed we get something soon.

Most of the London orders were buys after market was 6.50 offered, not sales as was reported. Appreciate we’re a South African coal company, but current market cap is madness.

Jantand, you think fund selling as mkt cap dropped below their threshold? Or everyone just heading for exit at same time? See what tomorrow brings, not heard anything from Brenda

1.5m volume on JSE. Something we should know?

Strong finish in US stocks and WTI above $35, BP ADR finish equivalent of just over £3.12. Trump anti WHO and not a fan of China, but looks like trade deal going ahead. God bless America.

He didn't say there was no cut to the dividend.

*BP'S BOARD TO TAKE USUAL APPROACH TO DIVIDEND REVIEW: CHAIRMAN

i watched the webcast and he was very non-committal, as they were with most questions

AGM tomorrow might shed some light on dividends going forward? Impact of low oil prices the last few months. Looks like we're £2.90-£3.20 ranged

*uitkomst.

From what I've read this means we can go back to full production at Makhado.

Do you think BP cutting the dividend is now priced in?

i certainly do...