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Dubliner,
Thank you for the detailed explanation. I am newbie to the mining investments and I am still at the learning stage.
It is interesting to put whole puzzle together using previous RNS, the company's presentations and of course the knowledge of the members in this BB.
I am not happy the same as you are Tottyman. Sitting on 10% loss at the moment.
Good Project manager/Operation director is needed on the site in States. I can't imagine how CS project could be managed from UK at this stage.
Dubliner,
as per latest RNS:
'Further to its announcement of 16 November 2020, the Company has been advised by potential customers who are trialing the Company's raw perlite that they have experienced exceptional demand for horticultural perlite in 2021 with one reporting the highest demand in its decades-long history and a large backlog in orders that need to be filled.'
More likely our crushing and screening contractor is overwhelmed with the orders from the regular customers. We are in the queue and not a such priority as we are one off customer for them at the moment.
Russians should vaccinate their own citizens first. They hardly started the process.
It is not in PC interests to mess up CS project. He and his wife own too many shares in this company. It is our chance to put forward the questions and the suggestions regarding CS. I hope he will rethink the strategies for the project going forward , especially after perlite fiasco.
Don't forget we still have income from online sales.
This share is for the patient investors. MCAP is undervalued and it will re-rate in the future.
I am waiting news on Glycotest as it was long time ago when we heard anything about it.
From latest RNS dated 09 February regarding RBL:
'Furthermore, Tullow announced in its Trading Statement and Operational Update issued on 27 January 2021 (the "Trading Statement") that it has agreed with the lenders under the RBL Facility to an extension of the January 2021 redetermination date by up to one month, with the result that the redetermination is expected to complete by the end of February 2021.
Tullow will provide a further update on its financial position when it issues its audited 2020 Full Year results on 10 March 2021.'
Does anyone have idea why there are so many small individual trades with the share quantity below 20 per trade?
Our Malta IIs friends are selling again. When they finish selling their stake SP will tick up.
It seems we have a seller this week after RNS on Monday selling 7.5 million shares per transaction (usually in the morning). I have noticed a few of them during this week. Someone wants to decrease their position or be completely out.
We shouldn't discount CF online presence now. It seems they were ready for Valentine's Day with the good gifts and the cards.
Last year they missed opportunity online and in store for Mother's Day. They have a reasonable range for Mother's day now and I expect it to improve in the next 2-3 weeks.
We have ii seller at the moment and not many buyers. It suppresses the price.
From today's RNS:
'Since publication of Tullow's half year results for the six months ended 30 June 2020, the Company has agreed an amendment with the lenders under the RBL Facility in respect the gearing covenant as at 31 December 2020. As a result, there was no breach of the covenants under the RBL Facility in December 2020. Furthermore, Tullow announced in its Trading Statement and Operational Update issued on 27 January 2021 (the "Trading Statement") that it has agreed with the lenders under the RBL Facility to an extension of the January 2021 redetermination date by up to one month, with the result that the redetermination is expected to complete by the end of February 2021.
Tullow will provide a further update on its financial position when it issues its audited 2020 Full Year results on 10 March 2021.'
Does it mean RBL details will be published on 10th of March 2021?
Chairman took the payment in shares rather than cash a week ago. I hope for the good news on the way.
I would give Rahul some credit. He has all the numbers and knows how to play this game. If he thought that right issue is inevitable he would do it prior to RBL redetermination when the share price was 33 pence .
I will ignore the media speculation at the moment. They are telling the half truth. From Half Year RNS Going Concern statement the scenarios were based on the following price:
"Management has applied the following oil price assumptions for the Going Concern assessment:
• Base Case: $40/bbl for 2020, $45/bbl for 2021 and $50/bbl for 2022, and
• Low Case: $30/bbl for 2020, $35/bbl for 2021 and $40/bbl for 2022."
We finished 2020 with $50/bbl and the price of oil is higher now. We still have hedge if the price of oil falls.