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Continues to tip up to £1.50+. He has been sppot on so far.
https://www.youtube.com/watch?v=Sh_x6GUfy5I
Tipped as a buy by Tempus in today’s Times
Looks like we are heading towards this latest broker target
Date Broker Rating Old Target New Target Change
11-Mar-21 RBC Capital Markets Outperform 88.00 130.00 Reiteration
It closed yesterday per RNS.
· The offer period for acceptances by Qualifying Shareholders will commence on 12 March and end on 26 March.
Still think there is more to come here
UK up 12% despite retail lockdown and international starting to make a proper contribution, surprised not to see more interest in this
Share price quietly up 50% since start of Feb with plenty more to come.
Good to see someone else here. Pier, bar and golf should really thrive post lockdown and move back to 50-60p.
If Baita is operating at forecast volumes then there is considerable profit upside coming from this demand led price increase. The VAST forecast used $6600 per tonne so $9000+ is 40%
When we eventually get through the financing issues... then this asset should really start deliver return for investors.
Vast's calendar year forecast from September 7th RNS is to mine 2858 tons at $6655 generating a surplus of $9.4m.
At todays price of $8400 and if all costs are in line with fcst they would generate $14.3m surplus. If this was the average price for the year.
Every $100 increase in average copper price is $0.3m estra surplus.
Should be an RNS on Monday as over 3%
Copper prices rose again on Tuesday with investors weighing prospects for a fast-tracked stimulus package in the US.
On the Comex market, copper for delivery in March advanced 1.5% to $3.723 a pound ($8,190 a tonne). If it closes at these levels it would be the highest since February 2013.
The metal has rallied on hopes that economic stimulus in the US will further boost demand, and underpinned by decade-low China stocks.
House Democrats on Monday released the first draft text for key pieces of legislation that will comprise President Joe Biden’s covid-19 relief bill. Democrats are forging ahead with plans to bump the federal minimum wage to $15 an hour by 2025 and make another round of stimulus payments. Billions of dollars are planned for airline staff, airports and trains.
CHINESE INVENTORIES HAVE DROPPED TO NEAR DECADE LOWS ON ROBUST DEMAND FROM FACTORIES
Stocks of copper across the LME, Comex and ShFE markets are at multi-year lows.
“Inventories are still quite low on exchanges. That gives good indication that manufacturing demand for copper is present and that its not just a speculative story,” Nitesh Shah, an analyst at investment manager WisdomTree, told Reuters.
In China, the world’s top consumer, copper inventories normally accumulate in the run up to the Lunar New Year as businesses close for the week-long festivities.
But this year, Chinese inventories have dropped to near decade lows on robust demand from factories, which are maintaining high operating rates due to shortened shutdown periods and tighter travel restrictions for workers.
Meanwhile, effects of the coronavirus pandemic on copper supply continues to be felt. In what was supposed to be a year of supply growth, global mined output during the first 10 months of 2020 was 0.5% lower compared to 2019 levels, according to the International Copper Study Group (ICSG).
In Peru, the world’s second-biggest producer, copper output plunged 12.5% to 2.15 million tonnes in 2020, the country’s Energy and Mines Ministry said on Monday.
The demand to eat out and visit the pub is huge, people in work have accumulated extra savings and so are likely to spend more and more often than usual on hospitality and M&B is very well placed to capitalise. Looks to be heading back to pre pandemic £4. Have a look at CPC a premium pub chain whose share price is rising even quicker than M&B
Agreed It seems like a well run business with simple clear shareholder communication and strategy. I am in at 47p and looking to double this year
Correct me if I have missed something but from what I can see the revenue forecasts in the September 7th RNS were only based on copper with no allowance or revenue from silver and gold and so this should be additional income.
Good to share price recovery. Quality hospitality offer should thrive once the tap is turned back on again