Was wondering where all the shorters were hiding. but now they are out in full force. If it stays above 472 for 2 more days you wont be buying under £5 in july. good luck with the shorts. the copper price is going one way fro the next 6 months
Panr will never see 2028, this is now a sitting target for a major... game over but gains to be made when they sell up.. an offer is only a matter of when not if.
They should go for a dual listing on the Nasdaq. US values this sort of company in a much more aggressive way. we are fiddling about with share buy backs when the cost of doing so would be better spent on listing in the US of A
Will people sell later today or tomorrow and foregoo the divi to lock in their profits or take the divi and their chances with how far it drops. last year divi was 26p it drops nearly 38p. dilema indeed..
So 472 hit this morning, what next. well if it falls back to 470 or below it may retrace to 455 p. if it stays above 472 for a couple of days then we are off to 500 p. now that would be very nice for yours ....
Just read malc'y bucket list, which gave serica a glowing report. so I then looked at the production and saw the huge increase since 2022. and then read you comment on Tailwind ... so did some research... by the looks of the deal Serica paid £620 million if you take into account the debt as a cost. plus a 25% loss in the enlarged company to Mercia. Holy cow.... all for 23000 bopd extra.. did I read that right. question is what is the extent of the tailwind tax losses that cann be used. and will they be usable against the North sea profit levy. I am looking at thiis for myy ISA starting Monday.
Looks like a few people using their ISA allowance late on.. just worked out at 20,000 bopd at $90 oil is a nett of $38 pb. thats 275,000,000 dollars free cash flow this year
Dont know about an approach or not I do know this.
2024 funds flow forecast to reach $160 million and free funds flow (after capex but prior to net working capital cash adjustments) of $25 million using the December 14, 2023 Brent oil strip ($77/bbl flat in 2024) with an estimated incremental $10 million of free funds flow for every $3/bbl change in Brent oil price; that's a possible $40 million more..
RE: Petition to stop the practice of shorting in the UK4 Apr 2024 19:02
I hope the shorters have gone all in on Glencore about 2 months ago, because they are being burned at the stake at present. and they will have to start thinking about closing them ... when we hit 472 then that is a key number I can smell those shorts closing with a burned ass and than short squeeze will do us no harm