George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well, also KAP decision to limit its production in 2021 is interesting - instead of "flooding" market with cheaper ore, they are going for quality rather than quantity. Once cooperation with China is set going (i.e. production and sales of pellets instead of crude ore) it should also strengthen business proposition and reflect in SP and uranium price. I am really looking forward to this.
Will this then break through as multiples of 21.5 max as results of consolidation or will this be even lower if you look at the equivalent of today's SP?
I agree - I understand focusing on core business/activities. I don't understand why disposing interest in some assets ends up being liability. Just because I have a driving license it doesn't mean I have to pay a buyer to get my car away from my drive... What a nonsense. What we are not told here?
These are also unaudited accounts, so things may change when audited accounts are published. For some reason BoD doesn't like this SP growth based on speculations, hence I think the margin may improve. Also the revenue from the operation and not sale of business is a good one. Let's see full accounts- then we will know the full story of a small margin
Inittowinapenny, you are absolutely right. I also think that SP took hit as delay in audited accounts means slower or no SP growth. SP raise in past few days was due to anticipation of audited results and dividends declaration. Day traders dumped their stock here to invest in other SPs. They will be back when audited accounts are to be published.
Very good results IMO: especially when comparing to 2019 results, where main profit contribution was from gain on selling part of the business and not operation. We just need audited accounts to have that formally set in stone and see what else is there. The price drop I expect to be due to delay of audited accounts - the capital is released, but will be back in participation for the dividends. I may be wrong, but this SP is very promising.
Callit, it's an interesting thought, but not sure how they could force CO2 to stay there. Ground water would push it up back to a surface - and pressure would have to be contained from the top. Think of a fizzy drink... No one wants it to pop up unexpectedly ;-)
Hats off the heads - Market Gunslinger, you've nailed it :-) thank you.
Although AC is focusing on building a strong presence in Africa, the gas to power itself presents itself a massive opportunity for ZEN. I am taking here about massive movement of utilising refuse sites. Everyone looks how to turn garbage into fuel (saff) using various methods, but people often overlook gas already being produced by refuse sites, that's being burnt down to prevent explosions. With the help of EU funds, these could be quite interesting stream of revenue with potentials for grants and tax savings (CO2 emission reduction).
Yellow Cake Plc (YCA) bought a lot of uranium from KAZ recently for spot trading. Their SP has been climbing up steadily. KAP may follow one day, especially when the price of uranium will raise. I am waiting on update on cooperation with China, where KAP will start refining ore into pellets suitable for use in power plant reactors
JHFH - it's lovely these companies are progressing same path. It only confirms HEMO is investing in a right product.
But does any of these companies have a patent for it as HEMO / Vlad has?
If not and the cannot prove it is different to the one HEMO has, there will be royalties to pay to HEMO. Another stream of income here and job done on behalf of HEMO - sounds good to me.
Wow, thank you Marked Gunslinger. That was really comprehensive. What about their current operation in Europe - i.e. gas turning into power. Is that still a part of operation? I know we are focusing here mainly on the new opportunities in oil area, but this one very much interested me:
1. It's a great way of utilising gas that otherwise would not be used elsewhere. Technology piece is also interesting here.
2. It's an existing production for a long time
3. It's in Europe
Ezhik, excitable is great, but what will you be announcing then if you find there is no equipment, or it is not fit for purpose or worse - it doesn't belong to you and you have no right to use it. Or even more worse: it's there, needs a bit fixing before it is fit for purpose, you fix it, you set it to work and start drilling. Halfway through someone arrives and claims it is rightfully his. And you've been using it and tinkering with it without his permission. And it ends up in court and all newspaper saying lots of lovely comments about ZEN and AC. Jolly good RNS to follow that if you ask me... Excitement is great, but pinch of salt when selling news to the market is advisable...
And that's what I like here :-)
New RNS issued - I wish word "believe" regarding equipment was left out of it and another RNS confirms that there is long-lead suitable for a job on site (if the rumours of left equipment that now belongs to ZEN or can be used by ZEN are true).
Soder, do you think they would like to run that show with likes of FCA breathing on their necks? Is there any other lending business who was in the same situation and managed to recover? This would take a lot of money being pumped into the business. Would they risk this? What's the appetite here? Unless they have a product in mind that will be a hen laying golden eggs...
It seems 22nd July is a final deadline then whether Amigo goes bust or continue to trade. I assume that if nothing is agreed with FCA by this time, going concern is a no go and AMIGO suspension of shares trading is another step.