Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We all knew that the tax grab is over 3 years so I am not sure why it is a "surprise" to the Telegraph:
https://www.telegraph.co.uk/business/2022/06/02/rishi-sunak-accused-17bn-stealth-tax-raid-north-sea/
So, EnQuest are looking to invest in Asia rather than the UK N Sea. Big surprise! I suspect Serica will adopt a similar strategy. Go where Govt is supportive rather than opportunistic.
https://www.telegraph.co.uk/business/2022/05/27/north-sea-oil-behemoth-turns-asia-windfall-tax-bites/
No, definitely not mad! The Sage said this:
"The sillier the market’s behavior, the greater the opportunity for the businesslike investor."
"“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.”
Interesting little flurry of buys since 4pm. Maybe I should get out more!
Goleft, "anything other than fantastic news if being given short shrift in these tough market conditions." quite right! You only have to look at ARCM to see this.
Post on ARCM BB bu small_holding:
"Last Wednesday, the day before Arc released the news of a transformational unprecedented deal with a major miner, the share price stood at 4.46p.
A week later and the share price has fallen almost 7% from the price it was before the news broke.
You couldn't make it up!"
Holders just need to sit this out and wait for a change in sentiment IMO
Haha! it does indeed :-)
Bf, thanks for the heads up re ARCM - I have watched with disbelief as it dropped below the pre news price. Have taken £26k this morning though! :-)