Member Info for fromage

Re coal : I think AAL coal is in Australia and SA was purely thermal.

Troajan : UK could be self sufficient in energy too, it is only government policy that says we are not.

"It's a funny feeling watching your holdings go up"

A feeling I have completely forgotten. I look forward to experiencing it.

Sorry - for "computer" read "consumer"!

Amazing, thank you for making me find out about Beanie babies! Interesting history - the first business to computer website.

I reckon not. Large, certainly, but I would expect less than the May dividend. However, an ongoing return of 20% should see the price stabilise around this level, and the increasing demand for coal this winter will bump it up again.

RIO has been more active than most in extending into new areas - see the Mongolia slideshow linked in the RNS. New revenue streams opening gives me confidence that this is an excellent share to hold, and I expect it soon get back to the peaks of this and previous years. Worthy of being my top long term holding.

I know. Pessimism borne from experience.

Is he the new CFO then? If so, not an investor expecting the price to rise, just another drain in terms of salary and bonuses.

Apologies, indeed. I misread it, and missed "of production" so it became ".. of clean coal sold with in 7 days." And "less coal payments" wasn't there when I read it, I swear!

If I could delete that post I would. Thank you for the correction.

It is good news - quarterly (or regular and comparable) production figures are something we have been waiting for .

Bouncy does have a valid argument, and bitcoin is equally as valid an investment as RIO. You can buy some, hang on to it for a while, and then find some other mug to sell it to. Your profit or loss is equally real. It has provided a return over time and a store of value, and "safe" is just a value judgement. I do not believe an income stream is necessary, because you can always simulate that by gradual incremental sales if wanted. Each to his own.

Ironknut - the relevance (or it would be relevancy if you remember the South Sea and Tulip bubbles) is that we were considering portfolio stability, balancing and succession planning, and bitcoin was proffered as an element to be considered for that. Indeed, it is said to be mined so is quite pertinent. As is Alas's "port"folio.

One thing I find very odd is the lack of comment on the lack of clarity in the loan terms. In addition to the phenomenal interest rate of 15%, we are to pay $2 per tonne of sales in the week ending shortly. But "nobody" (ie PIs) knows how and when sales are made, or - very importantly - how frequently. We do know sales are committed and made in advance of production. The sale that has been agreed this week (I cannot image such a term being included in the absence of sale knowledge) could for example be 300K tonnes representing a number of months' production. If so then we are going to pay a $600,000 fee (say 10% of the loan) on TOP of that 15%. !! Or perhaps more?

We have bemoaned lack of clarity in the past, and it is worsening.

What's driving it down is obviously a combination of China and the Bank of England. The first we can do nothing about; the second we can scrap. Giving it independence was all a daft idea from the word go. The economy should be controlled by the government, and we can elect a new one if they crash it. The economy was crashed by give away money and "quantitative easing" by the BoE and it has never recovered. Yonks ago anyone but BoE could see they were causing inflation, and the supposed target of 2% has always been ignored. Now they are intent on causing recession. Seems crazy, but no party is suggesting controlling the BoE.

Good to see Trion moving ahead, and it is a boost to the future of WDS. I wish they would cut the junk about greenhouse emissions though.

Using treasury shares to buy anything IS dumping them on the market and crashing the share price by 10%. They should cancel them all, and do no more buybacks. It's a daft idea and I can't see how it is good for anything.

So why did GLEN sell its CSA mine?

I think Terry had it right.

I will say it again, Terry had it right. He said he closed his short at 541 when the share was at 541, and that has proved to be the bottom. Well done. Compare and contrast with my entry of 11 May which (at 705p) said "I would be REALLY surprised if this went below £7 significantly. That would have no justification on this absurdly cheap business. " Well, it did, and significantly, and I was surprised. Lay off the digs.

Latest RNS - fancy a consumer-centric value chain with strong provenance credentials? Buy yours here!

Time to sell and run.

Bouncy: it takes courage to invest in emperors' clothes when the huge numbers or save-the-world zealots who have invested finally connect the two halves of their brains. Anything based on burning as much energy as possible as rapidly as possible will not last.

Not at £17, but I have been buying at twice this price. You may sneeze at dividends keepplugging, but they have been amazing and worthwhile. This has been my largest investment and it has more than paid for itself. I am a long term holder and will continue to be, though it was always recognised that it is a case of diminishing returns, and hence diminishing price. I expect it will be profitable for a good few years yet.