focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Following live tweets:
A 10-12 million bpd cut from May to June #OOTT #opec
And then a 8 million bpd cut from July to December 2020
And then a 6 million bpd cut from Jan 2021 until April 2022
Thanks Conkclo
That's fine OfficerFigby, but I still don't see anything in it. If "Capital Research and Management Company" were selling any significant percentage from either their Capital Group Global or World Dividend funds on the open market over the last 3 months it would be reflected in the share price trend and average/ daily volumes.
Capital have two funds, Global Investors and World Investors, which hold 6.35% and 2.19% respectively. Shareholder analysis on Gulf Keystone Petroleum website is a simple listing of the top 10 holders.
Can't see any evidence suggesting either fund has sold!
looks that way. hopefully it doesn't get to retest pretender levels before the seller stops.
Can anybody give a few bullet points on the bull case here?
I wondered whether the company's comments regarding the reduced demand for its mMIMO antennas where an admission that they'd made a strategic error? Or whether they believe there will be increased future demand, but current uptake has not matched expectations given that MIMO will be a key component of the roll out of 5G mobile networks?
But the share price graph for the period since 1999 doesn't look good, especially when you consider the rising trend of mobile data and telecoms use and the spending by mobile network operators over the same period.
I'm assuming the Bull case here is likely to be underpinned by the roll-out/ and general adoption of 5G networks?
Booking a further circa 100mmbo P2 could easily add £400m on the market cap. Which is why Put 9 and Put 12 are also very interesting, given AMER's grater WI.
Lots to look forward to.
if purchasing $192k (£151k) per day, that's 20% of the current average daily trade volume (recorded over 3mth).
ahem. the share price crashing 30% suggest that some will have remaining question whether or not someone having been convicted of fraud can ever be given the benefit of doubt. From recent experiences I've learnt to keep an eye on the level of shorts during such events.
But let's agree to end this thread right here.
Surely the Board need to announce the appointment an independent auditor next??? With a remit to review historic accounting activities at TAP - to either give a clean-bill-of-health or to para-phrase Warren Buffet unearth 'lurking cockroaches'.
And then to confirm the appointment of a new CEO with a squeaky clean background, once the clean-bill-of-health (hopefully) has been RNS'd.
Although, these audits do take time to complete. I took a punt on TCM after the their SP crashed following allegations published in the Italian press asserting that their CEO, at the time, had committed fraud during an earlier period of his life/ before joining TCM. It didn't help that at the time TCM wasn't performing well financially! Anyway, the short positions grew and the punt that I took, hoping to ride a relative quick bounce, turned into a lengthy roll-a-coaster ride. Unfortunately TCM did have skeletons hidden in their accounts!
Not making any direct comparison between the two companies, only the point that perhaps an independent audit might be the next step and if TAP's Board does take that decision it would be wise to keep an eye on the short positions - Merian Global Investors Ltd had the last declared position on shorttracker.co.uk, which they seem to have reduced to below 0.5% from circa 1.7% last week.
But TAP's been on my watch-list for a while so I've taken the opportunity and now finally have a small position.
Between 9 and 10am the advertised sp spread was 115 - 120, buys seemed to have been going through over 117.5
and btwn 10 and 11am the spread was 117 - 120 and large buys were going through over 119
So it seems that like me, some are buying in for the possible Divi and inevitable bounce from what has been a shocking reaction to the 13% adjustment in pre-tax profit. Clearly there was some suspicion that the Divi could be reviewed.
I'm betting that the sp will continue back to at least the MA50 level.
Suspect the warrants were exercised with today in mind. It's clear that we wont be seeing 300 just yet! Slow and steady rise will do just fine.
Never tire of this, posted on VAST's twitter to ensure holders keep an eye on the prize no doubt.
Vast Resources (AIM:VAST) has raised £863,750 (US$1.1 million) to start due diligence work on the Marange diamond fields concession in Zimbabwe.
https://www.mining-journal.com/project-finance/news/1345603/vast-raises-ususd11m-to-fund-marange-due-diligence
Apples: This rate of buying reassuring. I've set my first target close to the July 17 highs - IDP are now in better shape and have a stronger Board. But as you says it would be wise to de-risk that journey, although that's something I've been hopeless at, to my own detriment! Perhaps I'll review this again on the eve of the results.
I'm new here and have been scaling in. I was hoping to complete below below 180 but Halifax now only able to offer negotiated offers. None left below 179 for now. 180's could prompt a few sells, but this seems set to hold gains this afternoon. Perhaps Apples will do me a favour and top slice a load. GLA