Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Energean recently posted their end of year results which came in as turnover up from £737m previous year to £1.4blion this year with profit up from £107m previous year to £344.2m.
Good to see as were the results from many oil companies over the same period. Their involvement can only be good for Chariot surely!!
Quite a lift in Toronto yesterday - Condor up 28% to $0.50 on TSX .
Late news to some but just picked it up myself. The Economist gave coverage of Chariot in an article on gas and renewables , specifically big hydrogen projects, in the 22nd-28th July edition about a mega project in Mauritania by Chariot., a subsidiary of TotalEnergies aims to produce 1.2m tonnes a year. Mauritania’s energy minister, Abdesalam Ould Mohamed Saleh was quoted as saying “This is an extraordinary opportunity”.
My HL account has now shows that I have been credited with my excess allocation which was four times my original quota .
I will be very surprised if we can hold the current share price tomorrow with 15,161,373 shares being added as a result of the recent open offer. Still nothing seems unusual in today’s market though so may be surprised.
If the assets are sold what is left of value to the shareholders ?
I cannot seem to find the recent Mines and Money interview by MC. If it has been taken down does anyone know the reason- was it something he shouldn’t have said or am I reading too much into it. With the current fund raising you would have thought it necessary for video commentary by the CEO to remain.
The latest interview with Mark Child at Mines and Money is now available on YouTube where he says any money raised from the asset sale will be subject to discussion by the board with Jim Mellon having a large say over any return to shareholders. Eighty copies of sale documents have been forwarded to parties who may be interested.
It is all about having confidence in the board of directors as if you buy shares in the market ,even at a lower price , then any money paid will not go to saving the company as it would if you take up your entitlement. Humph !!
The share price reduction has surely been overdone as I cannot believe that Redrow has lost almost half of its value ( 412 pence currently) In the downturn from what its share price was in February this year viz 800 pence. The tide will turn I am sure.
Backing out of London cost RDW about £35 million but their developments around the country are the way forward. Onwards and upwards now the bad news is behind us.
It looks like the Help to Buy scheme may be extended beyond December which should provide a positive impetus to house sales.
“Buy to let investors have swooped to take advantage of the stamp duty giveaway “ says the Money section of the Daily Telegraph. The so called Bank of Mum and Dad is also moving in. James Holmear of Redrow said the waiting list for its Frenchay Gardens project in Bristol lengthened by 30% in two days after Mr Sunak’s announcement.
It appears from Mark's response that La Libertad mine only has a life of one year and there is a clean up/environmental cost of US$34M. Am I right in thinking there has been a suggestion on this discussion board to buy it from B2Gold. If so I cannot see the financial logic or am I missing something ?
Why move your company into something you are inexperienced in if the platdrill sales and other lines were going swimmingly? Unfortunately the oil majors don't seem to be interested in GRPH's products as we would have heard if there were repeat orders,
I think progress is questionable. There are so many ifs about funding before the talks can progress satisfactorily, viz �18.2m owed to Malaysian Debt Ventures plus �.4.6m outstanding to other bank financials and other creditors. A further delay of 3 months allows things to slowly dry up and allow GRPH to disappear into the ether without trace. I think it will take a miracle to bring this back to life. Here's hoping as I know a few people who have got alot at stake with this.
When does Darwin ever tell anyone about their strategy. It's only guesswork to suggest they are still holding if forward selling is their usual practice. On the other hand I can't see them exchanging anymore notes soon if the are holding. Add in the Market Makers shenanigans with this share which makes it almost impossible to predict the eventual outcome. IMHO.
Has anyone knowledge of a share which has risen after Darwin have cleared their position as some here think a rise could eventually be on the cards as there has been buying near to close on many occasions?
Often starts the day as blue just to confuse, but ends in the red. One day it may reverse and we will all be suprised. Don't hold your breath though.