Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And maybe this one was missed too from a few days earlier?
https://www.mining.com/web/eskom-considers-7-2-billion-in-wind-and-solar-investment-by-2030/
Are featured in this - look at The Fuel section.
https://www.google.co.uk/amp/s/www.arabnews.com/node/1830501/amp
This RNS is a masterpiece of showing clarity of purpose.
Very impressive, indeed giving the reader a great Wow factor, and showing great honesty in saying that they are still a way off profitability.
“Scaling up production and sales at the rate envisaged by the Company should allow profitable trading by the end of 2022.”
Well I didn't see it - had problems getting up the article though so here it is:
Date: 28 July 2020
MEDIA STATEMENT
HIGH COURT OF SOUTH AFRICA (GAUTENG DIVISION, PRETORIA) JUDGEMENT ON NERSA'S DECISION ON ESKOM'S FOURTH MULTI-YEAR PRICE DETERMINATION FOR THE FINANCIAL YEARS 2019/20, 2020/21 AND 2021/22
The National Energy Regulator of South Africa (NERSA) has noted the judgement of the High Court of South Africa (Gauteng Division, Pretoria) delivered today, 28 July 2020, to review and set aside NERSA’s decision on Eskom’s fourth Multi-Year Price Determination (MYPD4) for the 2019/20, 2020/21 and 2021/22 financial years.
The judgement follows NERSA's acknowledgment of procedural unfairness in the MYPD4 decision concerning the inclusion of the R23 billion Government grant without allowing Eskom to submit its representation in line with the National Energy Regulator Act, 2004 (Act No. 40 of 2004), read with the Promotion of Administrative Justice Act, 2000 (Act No. 3 of 2000).
NERSA notes, with serious concern, that the judgement has gone beyond NERSA's acknowledgment of procedural unfairness, and the unsuccessful consultations between NERSA and Eskom, by pronouncing on the MYPD4 tariff application. The judgement, if left uncontested, will not only disrupt the industry, but will further suppress economic recovery, considering the current threat that the country’s economy is facing. This case was not merely a case between Eskom and NERSA, but rather a case of Eskom versus the South African economy and electricity consumers.
NERSA is currently studying the judgement and will advise on the way forward in due course.
End.
Can anyone explain the implications?
For those with a memory and getting back to the topic Nighthawk is no more, going bankrupt in summer 2018, and David Bramhall left the industry under a very dark cloud.
So in this case at least maybe the trolling was not far off the mark?
Thanks Blue - I hope you are right!
I'm like Islandgirl, previously a big holder when AFC plugged its watershed moment to drive the sp up into the 50's!
The cynic in me still suspects maybe another fund raise is due and the news has still been spun to fit this need.
Any views on this?
Cheers and all the best
. . . . or maybe this technology platform announcement is way in advance of any product emerging.
Sorry, I'm not trying to be negative but like so many holders of this share, I've been serially disappointed so many times that I can't help being skeptical of AFC announcements!
Yes Merlot, Scott Mc G cannot be allowed to transition in to the new company.
I still have faint hopes the due diligence process will expose his wrongdoings in acquiring Camco for less than a song!
Fat chance I guess!!!
Presumably Asos lower profit due to debt factor of £90m - so BMN expansion plans at Vanchem, Makopane etc will give rise to new debts that will similarly be discounted from future profits.
At least we know what smart deals have been done to raise our productive capacity at minimum net cost - the question is whether the (AIM) market will factor this into the BMN sp.
Hopefully the new CEO and COO might pick up on this article:
https://m.miningweekly.com/article/mining-companies-edge-towards-renewable-energy-options-2019-10-09/rep_id:3861