Member Info for Gubby

Think I was overenthusiastic last night with the £118....shouldn't look at the futures thingy, but they look so wonderfully high....

https://thedocs.worldbank.org/en/doc/5d903e848db1d1b83e0ec8f744e55570-0350012021/related/CMO-Pink-Sheet-August-2021.pdf

Second line down, farthest to the right.

July average coal price $122.30 :-)

If all goes well then most likely first div next year.

From the PLS. Page 105.

"It is expected that the targeted dividend pay-out policy will be applied consistently to first half and full year results in determining the interim and final
dividends, respectively. The Company’s first dividend following the Admissions is expected to be a final dividend for the six-month period ending
31 December 2021, declared at the time of the Company’s full year results in early 2022, in line with the Company’s dividend policy."

Yuri.F, if you're going to quote a futures price of over $150...

I presume you're looking at something like this https://tradingeconomics.com/commodity/coal

This may well be a mixed price so not just thermal, I don't know.
If you click the Forecast tab you'll see that in 12 months the price is about $180....

Hi Letsi1, I think where the dividend is concerned it's a case of walking before running.

From Page 42 of the Capital Markets Day Transcript.

"Ryan Africa
The next question is from Liam Fitzpatrick from Deutsche Bank: “A question on the dividend and leverage levels. Should we expect a dividend to be announced with the first set of results in July/August or are you targeting a larger cash buffer? Once the targeted cash buffer is reached, should your base dividend not be much higher than 30%?”
Deon Smith
Thanks Liam. So what we’ve said is that the economics up until the 31st May 2021 is clearly extinguished, so therefore for Anglo American’s account. Two, we have also said that the dividend policy, we’re committing to that 30% pay-out ratio. So therefore Thungela’s economic existence practically starts from 1st June 2021, and accordingly our first interims, whilst it would reflect a full six months of activity, would only really reflect economics of the June month. If I can add to that, the 30% is also based on an ‘earn it first’ principle. So therefore we’re committed to the 30% but we would want to earn that first before we fund a dividend. We would as a result of what I’ve just said need to carefully reflect on the interims and the June results, so that one month result, and we would also clearly reflect on the current pricing and the trading activity throughout the rest of this year. Your question around whether there is a cash target or buffer, there is no such target or buffer set and there is certainly no leverage target or buffer currently either given that we are not envisaging external debt and that we’ll be cash positive. But you are correct that the board would carefully look at potentially a higher percentage than 30% if all conditions remain positive and the outlook remains positive. And that could be expected as an outcome, but we certainly haven’t committed to that mainly as a result of where we are in our thinking processes. Thanks, Liam."

Yuir.F, there is no debt, it is a clean slate albeit with R2.5b.
There are no plans at the present time to take on any debt as we will be cash positive.

I really do urge ALL to read the transcript or watch the 4 hour vid, either way you must view the graphical presentation also-it makes things much easier.....

Well this is a turn up for the books.
I think people have viewed the Anglo figures up to June 4th and now the penny's dropping.
Rising coal prices.
Uneconomic pits closed down.
High cal content.
Low(maybe except Khwezela for the moment) cost curve production.
Future prospects.....I'd like a mention of any progress with Dalyshope, I think the ball was started rolling about a year ago and think it takes about 2 years for approval(from company interviews).
Roll on August 13th!!

If it bombs now I'll keep my mouth shut for a few days :-)

Anglo report up until June 4th on SA thermal coal.

Makes a bit more sense.

The recent derailment in which there were no injuries may have helped to pull the price down.

They managed to keep at least one track open, only 31 out of the 200-208 wagons were involved and the track closure should be lifted in a few days(maybe even now?)

I was really hoping for one yesterday......

We are definitely human.
Apologies Mike, I really couldn't remember.
Also maybe should have made it clear 28.28% down on my initial holding, in one account, but 14.1% up in another account.
GLA KDNC.

Long time ago...I could have sold several times in the past, but was greedy.

I've only got 1% of my original shares, but am only 28.28% down....

So I tripled my holding last week-better keep my eye on it this time, one of only two AIM shares I currently have...

GLA KDNC!!

Blimey, yes, Zest.......I had forgotten......

Is it solipsistic in here, or is it just me.....sorry, old joke.

I got in here
30 November 2010
Deal Time: XXXX
Settlement Date: 03 December 2010
Was it still Lime or had we become REM?

Mineral wireline logging, which is really an offshoot of oilfield wireline logging, is a process in which an electronic tool, probe or “sonde” is lowered into a borehole in order to make measurements of physical rock mass properties and borehole trajectory, structural setting and fluid properties

Just the entire first paragraph. Couldn't be bothered with any more at 2am.

No I'm not a geologist or in O&G....but then maybe I am....

Do NOT TRUST ANYBODY on these boards-it's your cash after all.

I just pasted some of Seisprocessor's message in to Google and hey presto-verbatim.

Do not trust anybody on these boards.

"Mineral wireline logging
Mineral wireline logging, which is really an offshoot of oilfield wireline logging, is a process in which an electronic tool, probe or “sonde” is lowered into a borehole in order to make measurements of physical rock mass properties and borehole trajectory, structural setting and fluid properties

Measurements employ electro-magnetic fields (directly or induced), radiation (natural and introduced via a chemical source) and sonic energy to interrogate the rock mass without physically breaking it.

The sonde is lowered on a cable or “wireline” which transmits both power to the sonde and data from it to the surface recording systems. The data is proportional to analogue voltages produced by the various detector types. It must be calibrated and compensated for borehole effects in order to become a quantitative measurement. Examples are natural gamma ray, density, sonic transit time and resistivity.
Logs might describe or estimate the lithology, the local structure, rock strength, borehole direction and various fluid parameters such as temperature and conductivity. Wireline logs are routinely used in mineral exploration to describe coal seams in terms of depth, thickness and ash content. They have applications in all forms of mineral exploration, including base and precious metal projects

Wireline Workshop's role, as well as capturing log data, is to increase the value gained from drilling projects by assisting in the choice of applicable measurements, operational planning, calibration, data processing, analysis, presentation and reporting."

http://www.wirelineworkshop.com/

I am a holder as of Friday.