Member Info for Charlie156

Well, it beats an RNS saying BP have bid twice as much as the next highest offer for some North Sea offshore wind project.

Https://www.ft.com/content/f793e403-904b-47e6-9749-9e20a4aa9173

BP's largest hydrocarbon discovery in 25 years. Good start in an important week.

GGG, if I make a lousy investment, I usually find its down to my own shortcomings. You love to blame anyone but yourself, urging fellow holders to write to the board, threaten legal action and probably march to company HQ. You'll probably be going on hunger strike next, all because you're a chancer, and when it goes pear shaped you throw your toys out. You should try the 2 posts a day max suggestion, your self indulgent pap is hard to digest.

Why does this forum attract more than its fair share. Punters with no insight who just love to post, however inconsequential and meaningless. MH10, Culpepper, Freddie and today's star turn Colenal whose already posted 40 times today. Now you have GGG sniffing about, the biggest drama queen on LSE. Everyday it's the same, punters with no self awareness ruining the experience for the majority. There should be a 2 post a day max rule.

For my own peace of mind I've used their put option figure, lower FY 26 production guidance and upper ASIC figure. 2600×1400, gives A$364m FCF for FY26. Anyway, a cash balance of A$1bn in a year's time will do me.

Paddyboy talks a good game when the shares appear to be on an uptrend, but when they tank goes awol. You wouldn't want them next to you in the trenches.

MH01, if there's one person on this forum who doesn't get it, it's you. You post far too much, you need to take a sabbatical and educate yourself.

Lower production and higher AISC guidance for 26. The market will react accordingly, this forum will not be a pretty place today.

I wish there was a 'Everyone but Bamps, Sageman and Shearclass' filter. They cover all bases, sector knowledge, financial acumen and investor nous.

I don't believe when MA was interviewed for the job Nov/Dec 2023 there was any tacit strategic shift proposed by MA or the board. BP has been brought kicking and screaming to this embarrassing volte-face by the growing demands of the market for change on renewables, debt and buybacks Peer pressure and the desire to save their job have accentuated these self preservation moves. BP is badly in need of new faces and thinking at the top.

This climb down from their renewables strategy is something else, yet shareholders haven't had a sniff of an apology from the company. It's embarrassing the way they are doing it, with each piecemeal withdrawal I lose a bit more respect for the company. Why can't the CEO front up and take responsibility, because that's part of the gig Murray. These strategic meetings must be hilarious, passionately putting the case for green, yet less than a couple of years later, the same people,even more passionately, insisting they're sold.

Are JSE making money? I'd say at $69 oil, very little, if any.

You can knock a dollar off that $5.77 for the LME price, which brings me to the Q1 price that GGP received for their sold copper, which was well below the LME average copper price for Q1. Who buys GGP copper, and what price index is used.

I just hope he remembers to wear a belt when representing BP. The last thing we need is him meeting shareholders with his builders arse hanging out of his trousers.

The share price has halved since the SASA acquisition. EBITDA margins at both sites tell the story. Kounrad at circa 75%, and September's results will show SASA's continuing to fall towards 30%. Lousy purchase, all this palaver on rejigging operations there, just a waste of money and management time.

LME copper price, which is what CAML gets paid, is in the year to date 3% up on the average FY24 copper price. Kounrad continues to excel, helped by a favourable dollar/Tenge rate. SASA's performance continues to disappoint, with no foreign currency benefits.

The market seems nearly as underwhelmed by CAML dropping the bid, as making it.

Mcap now under £100m, that sale was 1.5% of the company. I suspect the H1 net debt figure will disappoint.

Expect CAML to offer 7.0 cents by the end of the day, and the dividend halved for the next 2 years.