George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Judging by last year, around 16th January.
Good late rise here and up 33.75% today on the Bolsa. I can't find any news as yet to explain this, but I suspect it may be that the second appeal of Ecologists in Action against the authorisation granted by the Ministry of Industry to the project on September 17, 2015 has failed. I'll post what I can find if indeed this is the case.
Here's a good article showing that there is some sensible reaction to the short-sighted policies espoused by Ecologists in Action in Spain.
https://elperiodicodelaenergia.com/vicente-gutierrez-peinador-primigea-espana-es-el-pais-europeo-con-la-mayor-variedad-de-materias-primas-necesarias-para-la-transicion-energetica/
Wishing you all the very best for 2020.
It looks like there may well be retaliations from Iran after the assassination of Soleimani, which may affect oil supply from the area. I never like to see escalation of aggression and lives lost but there could be further rises in the oil price in the near future.
"Oil prices jumped more than 4 percent on Friday after senior Iranian and Iraqi military personnel were killed in a United States air raid near Baghdad Airport, raising concerns that escalating Middle East tensions may disrupt oil supplies.
Brent crude futures were up by nearly $3 at $69.16 per barrel, their highest since September 17, as markets feared Iran could retaliate against the killing of one of its top military leaders by attacking assets of the US and its allies in the Middle East.
"Certainly Iran is going to retaliate in some way - retaliations will come, as they have in the past, in what we call an asymmetrical way. They're not going to confront the US directly but they will perhaps attack Saudi tankers again, maybe Saudi oil refineries again," John Tirman, executive director at the Massachusetts Institute of Technology Center for International Studies, told Al Jazeera.
"The fact is that Iran will come back and hit US assets or the assets of US allies in the region, and they will do so repeatedly over a period of time," Tirman said.
"That's really the big question in my mind - are we entering a period now of escalation between the US and Iran?" he added.
The US has previously blamed Iran for attacking Saudi Aramco's oil refinery in September, which Yemen's Houthi rebels claimed responsibility for.
"The supply-side risks remain elevated in the Middle East and we could see tensions continue to elevate between the US and Iran-backed militia in Iraq," Edward Moya, analyst at brokerage OANDA, told Reuters via email."
https://www.aljazeera.com/ajimpact/oil-prices-surge-attack-kills-top-iran-military-leader-200103021441832.html
Africa-focused oil producer Tullow (TLW.L) said on Thursday its Spanish partner Repsol (REP.MC) had struck crude oil in a new well offshore Guyana, in promising news for a project which has become increasingly important to the London-listed firm.
The Carapa well in the Kanuku offshore block contains oil with a sulphur content of less than 1% and 27 degrees API, Tullow said, adding that it was encouraged by the quality of the oil despite encountering net pay and reservoir development below its pre-drill estimates.
https://uk.reuters.com/article/uk-tullow-carapa/tullow-repsol-strike-low-sulphur-crude-in-offshore-guyana-idUKKBN1Z10E7
For a bit of fun or bragging rights, Stockopedia are running a stock picking challenge where you choose your 5 best performing stocks for next year.
https://www.stockopedia.com/challenge/
It's quite encouraging that Gary Newman of SP has included TLW in his five to follow. I don't think you can place shorts though, Neil. I'll come first or last with my "tips" - most are total gambles!
Wishing all holders a fun and relaxing Christmas and a happy and prosperous New Year.
It's quite complex, but basically they're planning a restructure of equity which would effectively transfer the balance of the merger reserve/ share premium account to retained earnings. This would allow dividends to be declared when the retained earnings are positive.
Yep..meant profit, not revenue. Point still stands though.
No offence taken uNnwnTrader; scroll back and you'll see previous posts predicting this scenario. Been here before and feel I got out lightly compared to some. Have you looked at the accounts - where is the future revenue coming from?
I have every sympathy for Mr Poulden and his admirable efforts to look after his handicapped son. These things are far more important than money can ever be. However...
This is a misleading RNS and leaves out some rather important financial information. I'll fill the gaps then.
From the 2018 Audited Accounts:
Turnover: $10,896,045
Cost of sales: $10,849,774
Trading Profit: $46,271
OK - fine so far then. But..
Take off administration expenses of $1,064,988, which leaves an operating loss of $1,018,717.
What about cashflow then? There's $36,271 in the bank at 30th June 2019 after all. Placings raised $747,289 in Y/E 31.12.18 and $983,325 in P/E 30.06.19. Where did that money go...?
This is the type of stock that gives AIM a bad name. It must be one of the worst examples of financing a lifestyle business that there is. If you want to play a quick pump & dump trade, fair play to you but companies like this should not be allowed to put out misleading RNS's like this. The only way the company can survive is by raising money on false promises and giving discounted placings and warrant issues to those who can partake and fleecing naive PI's who chase the rainbows. Something needs to be done by the regulators of AIM, if they actually exist to any purpose! Please be careful here..
https://www.lse.co.uk/rns/WSBN/interim-results-ywuqskaxwjgjdrj.html
Hi fenakit,
I use this for live prices, charts, etc. It's free and fun to play around with!
https://uk.investing.com/equities/tullow-oil-chart
I hope this helps. ATB
More rumour from Align on twitter this morning fwiw...
https://mobile.twitter.com/AlignResearch/status/1205771192327659520
I found the comment in this article by JP Morgan with regard to Carapa quite encouraging - I hope they are right.
22 November 2019
"The final Guyanese drilling target of the year is now more crucial than ever for the company’s exploration campaign and the near-term recovery of the share price. The Carapa well currently being drilled is the first in the Kanuku block, split between operator Repsol of Spain (37.5pc) and partners Total (25pc) and Tullow (37.5pc), and the first to test the Cretaceous play—both Jethro and Joe were found in the Tertiary.
Tullow says around 50pc of prospective resources across both the Kanuku and Orinduik blocks are located within the Cretaceous, indicating that the well is likely the most important of the year. A report from US investment bank JP Morgan highlighted that the oil quality is unlikely to be an issue given the light oil discovered in the Cretaceous at Liza. The rig at Carapa began operations one month behind schedule, but the partners aim to conclude operations before the start of next year."
https://www.petroleum-economist.com/articles/politics-economics/south-central-america/2019/tullow-s-last-chance-saloon
Another new broker note from Panmure Gordon today. They reaffirm their buy rating with a revised target of £1.05. The broker notes issued in the last day or two have all been positive; hold or add/ buy, so there is a consensus that there is strong potential for a further recovery from here.
https://www.stockmarketwire.com/article/6707754/Broker-Forecast-Panmure-Gordon-issues-a-broker-note-on-Tullow-Oil-PLC.html
Today's broker updates:
10-Dec-19 Canaccord Genuity Hold 220.00 60.00 Downgrade
10-Dec-19 Berenberg Bank Buy 230.00 80.00 Reiteration
Canaccord cuts Tullow Oil to 'HOLD' ('SPECULATIVE BUY') - TARGET 60 PENCE
https://www.lse.co.uk/news/uk-broker-ratings-summary-investec-prefers-pagegroup-over-hays-578hiabus5pyxz7.html
This is a TSXV (Toronto Stock Exchange Venture) listed company which is in the early stages of a Palladium Venture in Finland. It has recently attracted an over-subscribed placement which has attracted a substantial investment from Eric Sprott, a billionaire Canadian gold and silver fund manager. It illustrates the level of interest in Pd in the region.
There's some interesting reading in the links. Some parallels can possibly be drawn with MT. The CRUX interview shows EUA how it should be done...
https://www.marketwatch.com/press-release/palladium-one-announces-closing-of-oversubscribed-private-placement-2019-12-02
https://ceo.ca/@CRUXinvestor/palladium-one-mining-tsx-v-pdm-use-your-cranium-invest-in-palladium
https://www.palladiumoneinc.com/projects/palladium/lantinen-koillismaa-project-finland
https://www.palladiumoneinc.com/assets/docs/financials/2019-Q2-FS.pdf
You may need Canadian friends or relatives if you're interested, unless anyone knows a UK broker who deals with TSXV..?
I think you should be aiming your criticism squarely at the current government of Spain for putting constant obstacles in front of the project, Richie, rather than PA. He did perhaps get a bit too cozy with the PP which no doubt upset some of the current incumbents in government and the constant repetition of "pouring concrete at the bottom of the price cycle" did grate a bit, but it should also be remembered that he did broker an exceptional finance package with the Omanis.
What we need is a change of government in Spain rather than placing the blame at the door of the BOD.
Hi jippyjazz,
These late trades are most likely a form of dark pool trading. Dark pools came about primarily to facilitate block trading by investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades. These dark pools will be operated in this case by the MM's. It's unlikely to be II's at this level of market cap (no TR-1s either), but these dark pools are quite commonly used by larger PI's to obtain the best price for their deals.
The original matching of trades in a dark pool would be done based on the average price of the best bid and the best offer available on a displayed stock exchange, so it's almost impossible for us to know if they were block orders for large buys or sells. The large block orders will be filled with a large number of smaller opposite sells/ buys.
Note that, as dark pool participants do not disclose their trading intention to the exchange before execution, there is no order book visible to the public. Trade execution details are only released to the consolidated tape (the listed share trades) after a delay.
I hope this helps and all the best with your investment.
https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp
https://www.dummies.com/personal-finance/investing/10-things-you-need-to-know-about-dark-pools/
How on earth do you bed & ISA £150k of shares when the annual limit is £20k? Good grief.