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This is really excellent news for BP and also for Teesside which is becoming a northern powerhouse.
I am sure that any Government can make massive annual savings as follows:
Cut the total number of MP's by 25%
Cut the House of Lords by 25%
Cut certain civil service departments by 25% and flog off the resultant empty offices.
This would save billions of £ per annum
Like the 10p many years ago before the 1:17 consolidation ! That was history sir.
A Windfall tax right now as spouted by Sir Keir and his sidekick and Sir Ed Davey will make companies seriously consider whether they will list in London or the USA/Canada. Look at what might happen to Arm with potential loss of 10% of its UK workforce if it proceeds to list in the USA.
A Windfall tax right now will stop overseas companies wanting to list their companies in the UK and will opt for the USA or Canada. Looks as if this is already happening with Arm now looking to the US and cutting 1 in 10 staff in the UK. Well done Keir and Ed , do hope you are proud of this nonsense and take note Rishi.
I also received relevant cash today and will reinvest back.
SB...Easiest way to get to 10p share price is for yet another consolidation of 1 for 15.
Plenty of ways for the Govt. to save money including cutting the number of MP's and all the expenses attached especially the well fed blabbermouth from the Isle of Skye. What about really going after the billions fraudulently claimed during Covid for starters. Hopefully the Ukraine situation will be resolved by the end of this year and grain can be exported from that country as well as other products to help that economy back on its feet. Would anybody have a problem with current intelligent university leavers taking over certain civil servant roles in September and actually turning up for work. ?
Actually the 6 months was between university and becoming a corporate lawyer and top 5% on his MBA course at City University so I think he had a fairly good view from the inside. Assume you are not at DEFRA ?
Chittybangbang.....would not dream of tarring all with the same brush and it was my son's experience at DEFRA for 6 months that appalled me. Sorry if I caused offence.
Govt. is now planning to cut 91,000 civil service jobs for a saving of £3.5 billion a year for starters. There are plenty of jobs available in the hospitality sector so great news. One of my sons worked on contract at DEFRA for about 6 months and could not stomach the fact that management teams needed to travel first class on Eurostar , stay overnight, dine out in Brussels or Paris just to have a "meeting".
Craig....totally agree with you on that one and the only new cars that I have ever owned were company cars w3hen working for multinational corporations. A year ago I managed to get hold of a shiny BMW X3 (2012) for £8000 and worked out at current mileage usage it will be fine for 8 years. Second hand electric then. I had not realised how expensive cigarettes were until talking to a friend this week who told me £11 for 20. That works out at just over £ 4000 per annum and just wondering how many people complaining about "fuel poverty" actually smoke ?
Would like to see JT sell down his total position now so that the Company can move on without his stock overhang.
Not bitter at all since I exited a large lithium investment in Australia recently having only made 70 times the initial investment. It is people like GR from PREM , HAA from KEFI and Robin Young from Amur that give the AIM market a very bad name .
Wolf , it is petty cash to them and I guarantee that they will screw shareholders. BHP (a fairly large company in the resource sector) has announced that it is not entering the lithium space because the world will be in surplus in the not too distant future. By the time GR is ready there will be a surplus. Good luck !
Absolutely pathetic from Rishi Sunak and can you imagine the Opposition crowing about how it was their idea first and Sir KS spouting that the Chancellor is bereft of any ideas of his own.
If the "large pilot plant)" capacity unknown is not developed in 7 months then it will be the umpteenth time that GR should be sacked. Let the Chinese bid his shares and show him the exit. I have put Jan 1st 2023 in the diary as GR day and will be sending him an email tomorrow.
Getting civil servants to look at possible windfall tax on a company transforming into green energy. Tip to Rishi......please ask year1 at our local school to look at it and you will get a better response since they are at school every day not faffing around on their local golf course followed by pub lunch.
Snowking...it must be great having your head in the clouds dreaming of untold riches but please factor in what the capex might be for a lithium producer in a landlocked country in Africa. AVZ Minerals (ASX:AVZ) in the DRC has completed and published a DFS and the capex is a mere $545 million. Liontown Resources (ASX:LTR) has completed a published a DFS on a very well located lithium mine in Western Australia and their capex is estimated at A$473 million. By the way they have signed two offtake agreements in the last couple of months and have a mere A$ 400 million plus in cash. ! Good luck.
It will take at least 18 months to build a mine. A pilot plant is just to demonstrate what the end product will be and whether there are any penalties associated with other minerals. Once potential customers for offtake have seen the product then finance for a commercial plant can be negotiated. Not even close to a DFS sign off at the moment. Since you purport to know so much , which firm is going to sign off on the DFS ?