Member Info for EdwardSeaton

Good to see JPMC not afraid to invest in our 100% organic black stuff. Times are changing...

The £1.2m loss you saw at 2am was in 2023.

They treat their £15m of listed shares as cash equivalent.

What does that mean, Silverknight? What are you expecting in the next few days?

Your comment on 30th reads as if you haven't read the accounts released on 29th April?

I have to say I have always found Bisichi respond well to emails. Andrew Heller is quick to engage.

It was meant to be a joke, based on the speculative nature of the $6bn figure.

Yes I have. The question was asked at a Final Results presentation specifically relating to the required RB price to be profitable, and allowing for discounts.

Deon said that anything over 80 was comfortable.

My eye is always on this enigma.

It is a curious fact that they could, if they so chose, pay out a dividend of over £1.50 without having to borrow a penny.

No it won't. RB remains comfortably above profit breakeven, and well above cash breakeven.

That is always the great question, generally with self-fulfilling results. It's rather absurd that that is the solution, but there we go. I confess I don't bother, but that is laziness.

But irrespective, what a fabulous company Thungela is

Surely these results are as close to what has been expected for many months as they possibly could be?

You can't nod and wink nothing.

Does anyone else remember the time when people were obsessed with the belief that coal and gas prices were locked in step?

Or putting it another way, what an incredible opportunity to buy nearly £50m of net assets for £8m.

The striking thing is that Bisichi's investment fund alone is worth as much as the combined market caps of the two companies. It could easily dividend out its entire market cap, without borrowing or selling anything else.

There is a near-total market failure in valuing all small UK listed companies at the moment.

I wouldn't be here if I didn't believe the brave will one day be rewarded.

Is this a real question?

I think the coal price has been somewhat depressed by unwinding excess stock globally, and the economic reality in China being far worse than their preposterous official figures suggest.

Sooner or later, both these will inflect.

An interesting question. I don't think Bisichi shouts 'coal mining'. But I do think it is a somewhat crap name - cheap Italian suits come to mind.

Black Gold plc.

For the first time in at least two years, there are currently five ships tied up at Richards Bay Coal Terminal.

That corresponds fully with the very much stronger H2 2024 export volumes announced by Thungela yesterday.

The relentless torrent of RNS really gets you down...

There should be some news about starting West Ealing shortly.

Https://www.miningmx.com/news/energy/59152-anglo-completes-aussie-coal-sales-with-3-8bn-peabody-deal/

Anglo have sold a business about 12 times the size of Bisichi's mining interest for $3.8bn, or 300 times Bisichi's market cap (including all their non-coal interests).

Https://www.miningmx.com/news/energy/59152-anglo-completes-aussie-coal-sales-with-3-8bn-peabody-deal/

Interesting that Anglo has sold a similar sized business to Thungela for $3.8bn.

I certainly won't be sorry to see the end of all this RNS output. Gets you down...