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Sad news indeed. Might not be an RNS just mentioned in next accounts, depends how affected or how many enquiries they have I'd imagine.
What an amazing twitter account though. The pictures and movies of the Aurora, leopard, hares and deer are great.
I still have a free-holding. I sold a chunk above 100p and top sliced many years ago..

FTSE 100 on IG Markets is showing a gap up of 67/69. BP Gap up could be 2% plus.

Debt Level to end of June 2020 : USD ________ ? Gold Price July to Dec 2020 : $1750 to $2050

should have read:

Debt Level to end of DEC 2020 : USD ________ ? Gold Price July to Dec 2020 : $1750 to $2050

Just wondering if this new years rise is all about the gold price, or to do with the debt disappearing or both ?

Debt Level to end of Dec 2019 : USD 123.7 million
Debt Level to end of June 2020 : USD 62.5 million Gold Price Jan to July 2020 : $1500 to $1750
Debt Level to end of June 2020 : USD ________ ? Gold Price July to Dec 2020 : $1750 to $2050

If PAF is now debt free, and able to keep all the profit, then Cobus can pay out a handsome dividend and still fund the next projects.

Roughly... Mining 180k ounces at a profit of $1000 per ounce figures for 2021, = 185m 40% of that Cash = $74m = prospective dividend during the year of 3.2 cents or 2.4p. valuing on a yield of 5% makes for an SP of 48p !

Worth holding during 2021. (I've written down a new top slice target of 40 pence in my portfolio notes)

Oops...

Iron ore
Iron Ore is at $163.93 per Dry Metric Ton
https://markets.businessinsider.com/commodities/iron-ore-price

Hi All, Happy new year.

Any chartists have views on Evraz. My elementary charting shows next stop in the 550 range. Which is possible to reach IMO by the next trading and dividend in Jan to March as long as there is a stable FTSE kept up by vaccines .

Commodities prices are great for EVR currently.

Coal has just reached 70$ per ton.
https://markets.businessinsider.com/commodities/coal-price
The last time coal hit highs over 70 was 2011 ands late 2018 (EVR share price around 460 then shot to 700 in Spring 2019)

Iron Ore is at $163.93 per Dry Metric Ton
https://markets.businessinsider.com/commodities/coal-price
Last time this was reached was also in 2011, and also 2013.

https://www.mining.com/iron-ore-price-leaps-into-2021/
Iron ore prices started the new year with a bang on Monday as unprecedented demand from China counteracted government calls for sharp cuts in the country’s steel output.

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/china-mulls-building-iron-ore-mines-abroad-cimic-seals-50-stake-sale-in-thiess-61949437
China mulls building iron ore mines abroad; CIMIC seals 50% stake sale in Thiess

Steel Prices have steadied with US prices nearly above $950 per ton.
This is much higher than any prices in 2019 (highs of 729 for same US contract) or 2020 ( high of 600 before trend upwards started in October)

IMO the next dividend could be steady with the bond due being settles partially, providing some robustness and uplift
We'll see. meantime, I'm holding.

Yes, but not the whole story. Oil price in GBP was slightly higher a week ago.
https://www.exchangerates.org.uk/commodities/live-oil-prices/BRT-GBP.html

Here is some research spanning a decade.
The grades recoverable and prospective have been and always will be completely different to what was and will be achieved. "Oh, but this time it will be different".. Really.
"The company is fully funded"... Yet again.
Small company share issues can offer a return. Those that take up an offer will probably be happy with 10% or more return but the liquidity must be there to take the profit, which is why the price doesn't move on large positive volumes. (usually the more ramptastic the BB, "time to top up" etc etc)
No dividends because there has never been any real profit.
Income Statement 31 Dec '19 31 Dec '18 31 Dec '17 31 Dec '16 31 Jul '16
Revenue 37.12 29.72 30.34 28.02 30.38
Operating Profit / Loss (11.41) (17.20) (7.35) (16.07) (12.32)

COPPER SPIKE AND WHEN TO SELL

If the copper spike continues, enough liquidity will exist for profits to be made for those involved in the share issues.
So. The real question remains exactly the same.
How high can copper go... How high can the RMM SP go ?

in 2011, 3 years after the crash, copper reached $4.50 but only after averaging around $3.50 for a few years.
RMM reached 38p ! But with a more grounding MC of £46m. Similar mining plan, production and objectives.
In a simple like for like, it stands to reason a first target for the SP can also be an equivalent MC of £45m
Number of shares is no longer 124m but these days there are over 8 billion !
£45m MC means an SP of around 0.56p
Can it reach a penny ? An MC of £80m.
IMO only with a copper price above $5, which is pushing the bounds of mass QE and copper "spike-ness"... That or a mass buyback by the company which is also pushing the bounds of reality.

Can copper reach $5 per pound or the equivalent $11,000 per metric ton ?
Not according to Goldman Sachs (aka the master of manipulation), who's prediction looks based on a carbon copy of 2008 to 2012. "By the first half of 2022, Goldman analysts said, it is “highly probable” copper would test the existing record highs of $10,170 set in 2011."

https://www.cnbc.com/2020/12/02/goldman-sachs-says-copper-prices-could-soon-test-record-highs.html#:~:text=It%20has%20estimated%20copper%20prices,of%20%2410%2C170%20set%20in%202011.

Hi Webba3

I also have not seen anyone mention a share buyback scheme for Tescos. That quote from proactive doesn't mention a buyback policy.

Any chance you could post or share a link to an article or news item that mentions this ?

Hi.

Will this get beyond 1p a share with the commodities spike ?

There seems to be a lot of ramptastic AIM type PIs on here analysing trades and persuading everyone to hold and top up more. Seen it many times. Typical stuff when there has been fund raiser, as the buyers need to sell to make their profits and can only do so if there are buyers around (including PIs) being persuaded by all an any means including BBs like this.

I have held RMM for nearly over 10 years and there is nothing good to say about this company and their disastrous record towards shareholders.

The only way this company can make a profit is with abnormally high copper prices, anything above 3.5$/lb which we are going into now. After this spike, which has just started, I have no doubt that Rambler will become dead as a dodo. So the best time to sell will be the top of this spike.

The only question is, how high will copper go, and how high can the SP go when it happens ?

A copper price of 5$ would mean what expected SP ?

A copper price of 4$ would mean what SP ?

Cheers all and GL

It's been a great year to be a PAF holder. I top sliced too early but still wound up with PAF being the most valued investment in my portfolio.
Cheers all and GL !!

Can someone more learned explain this £15bn Euro Note Programme.
Why are Tesco publishing a prospectus for Notes in one hand and giving shareholders £5bn in the other ?

https://www.lse.co.uk/rns/TSCO/publication-of-base-prospectus-duo8voaurcpph1f.html

Wrong board. That's Tesco not BP for the 50p dividend.

None...but if the pound drops with a no deal, then the SP will go higher.
Russian company with other plants around the world making and selling steel. None in the UK.
The huge boost to the SP is down to Iron Ore Coal and Steel enjoying very high prices.
I have been tempted recently to top slice above 450 but unless something extreme happens, definitely holding to the next dividend which may be higher due to these prices. If the quantities look to be getting back to 2019 levels and the prices stay high then I think we could see 700p again during the year.
All IMO.
https://www.argusmedia.com/en/news/2169347-us-hrc-prices-jump-as-steelmakers-eye-1000st
https://www.metalbulletin.com/Article/3966626/RUSSIA-FLAT-STEEL-Prices-jump-in-wake-of-bullish-exports.html
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/121420-iron-ore-price-rise-may-be-unsustainable-steel-mills
https://timesofindia.indiatimes.com/business/india-business/drew-pm-attention-to-55-hike-in-steel-prices-gadkari/articleshow/79788545.cms

I think debt free is a strong possibility before spring (winter in SA). PAF is really doing well this year, after all the plans have come good, and obviously the gold price.
Once in the black. I wonder if there might be an extra half year dividend ?

Markets can be fickle and right now BP has a yield (Div annual rate of 0.21 US$ or 15p / SP of 275 = 5.5%).

BP will re-rate as we head towards 2020 Q4 reporting is in late January or early February, and the anticipation of a higher declared dividend for example of 7.5 cents due to higher prices, the SP could shoot to circa 400p, thereby keeping a yield of 5.5%. However BP have had some shocks during 2020 so there is no guarantees of this and we may have to wait longer for a share price surge.

The recent few points of the dollar rate increasing has meant those same few percent holding back the SP in pounds.
I suggest following the Brent price in GBP to show a more grounded reaction to oil prices by BP.
https://www.exchangerates.org.uk/commodities/live-oil-prices/BRT-GBP.html
Where it shows oil prices being much more steady than the usually followed dollar equivalent.

Thanks Rosewall, makes sense and I thought as much.
The pension shares I'm thinking of are company shares awarded as bonus or profit shares and kept, so not strictly part of a pension.
It is interesting that Tesco is not going to do a buyback scheme like a recent one by BP. Some smaller shares that I have come across have utilised this idea for good results.

I didn't yet...

Decent news about the Solar Farm today and mining 97,000oz for the six months ending 31 December 2020

Legal and General are in charge of the pension fund, but if I was in charge of Tesco I would want a significant part of my 2 billion investment into the pension fund to be spent on Tesco shares, thereby putting buoyancy into the share value.
I do not know if there are rules against this or not but I have heard of companies that have as part of their pension fund an investment in their own company. Anyone know if this is in anyway part of the plan.. ? Or not ?

Hi Barchid
We already have a large share of South African farm produce and Argentinian Beef. So Yes, maybe supply can increase from SA and get smaller from Spain, and Thanet Earth should double in size. But these things will happen over time and if you can remember that far back, you will also remember how Britain was the 'Sickman' of Europe back then, when just about every job especially technology was higher paid within Europe than in the UK. I was reading through my Dad's pile of kept news mapers and magazines at the time and was shocked to see how Europe were definitely the haves and we were the have nots. It then stands to reason that prices would increase when joining the Single Market, but just as the prices in Switzerland are eye-watering as they are all much more wealthy than ourselves, there is also the effect of poorer countries printing themselves out of problems causing higher prices with inflation. Because the UK will have such an economic hit, then it stands to reason our prices will not be rising as a pulling up effect catching up with a richer market, but rather pulling down through inflation.
Brexit was always going to be this way. Businesses, economists and academics have persistently tried in vane to warn the UK public but all were ignored, and encouraged to be ignored by government and the right wing press alike.