The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Does anyone have a link to the Broker note?
Just bought in to BMN and will continue to add to my holding. Just wanted to say thank you to all the posters on here for their insightful comments which have really helped my research. Think the Company has a great future and really looking forward to hearing the next CRUX interview.
Suggest you read the website or join the very informative Shareholders Forum to help your understanding.
So as I understand it someone has forward sold 375m shares and there are only 278m in existence. So what happens on Admission day when the shares have to be returned? Sorry if I'm confused but this seems to be a very unusual situation. Can anyone help?
Kurlboy .......the vast majority of QFI shares are held by Long Term Holders who have been with QFI for many years. I can assure you that they will have no intention of selling until the Share Price is way north of where it is now.
GLA shipmates!
No sign of mine in Share Centre. Chased them up but still no word!
Hi ChristopheB. As GGP board is so busy would be good for me if you copy them here. Thanks
From the AGM Q&As
"What plans does Anglo American have to bring the Woodsmith mine into production? To what extent do they mirror and differ from the Sirius Minerals strategy and when is first Polyhalite production?
In the first two years under Anglo American’s ownership, we expect development work to be broadly in line with the revised development plan for the project, although we intend to update the development timeline, optimise mine design and ensure appropriate integration with our own operating standards and practices. During this period and subject to the update, development work of approximately US$300 million per year is expected. We will firm up the mine design and timing as we do our update work and we will provide updates in due course."
My first investment in SXX was 250,000 shares at 2.4p in July 2010. Still got them.
Been here since the North Dakota days. More confident and calm than ever before.
Great summary dustofnations.
The points I noted down:
- spoke with Philip Snaith before the meeting who was keen to point out that Maersk and KSA had not gone away.
- all directors were there apart from Dilip Shah.
- about the same number of attendees as last year, maybe slightly less.
- MK and JM both spoke and appeared relaxed and confident, thought MK had put on a bit of weight!!
- Emphasised the great relationship with Freepoint and its CEO Dave Massey.
- fuel market dynamics very positive at the moment.
- KSA proved that QFI have the project management capability that Freepoint don't have - so QFI and Freepoint have perfectly complementary skills.
- Maersk face a huge increase in fuel costs if they go the LS route.
- MK and JM off to Japan next week to se JGC.
- European Oil Major will produce MSAR and its Marketing Dept. will look for users.
- can blend MSAR outputs from different refineries.
- Met David Messer from Freepoint earlier this week - Mk believes they will take the business to where it would have been in 5 years. Real focus on delivery and momentum.
- someone asked why nobody had yet taken MSAR. JM replied that it was to do with timing, shippers very busy with scrubber decisions, and the need for tank segregation had been an issue, but this would be needed anyway in the future so the reasons were fading away and they are obviously in discussions at the moment including with Maersk.
- Funding options were the same as had been mentioned at the last conference call, but cash management had been very effective. Directors are spending company money as if it were their own - the recent trip to the US had been Premium Economy!
- CEPSA MMU is still there - the other one is in Denmark.
- No commercial revenue expected in 2019, but would expect projects starting in 2019 to bring 2020 revenue.
- BOO model will increase risk but substantially improve profitability.
- Still no clarity on KSA energy policy. They are trying to position MSAR as a cleaner way to the future with significant financial benefits.
- Electricity Company are still keen, and the demand for fuel oil has increased.
- Lime tree bay depends on what Freepoint want to produce, JM did not seem particularly positive on this.
- Martin Verle no longer with us.
- PowerSeraya economics have changed.
- can serve a lot of the Marine market from 1 hub.
- No other competitor for oil in water emulsion - nobody can match us.
So,...…..a great deal of reassurance and potential opportunities. Yes, we've heard it all before but I for one think that we are better placed than ever before.
GLA shipmates.
.
https://shipandbunker.com/news/world/673023-imo-2020-scrubber-skeptics-starting-to-soften-their-stance
Seem to be winning the scrubber argument - let's hope we can win the MSAR argument!
http://www.motorship.com/news101/ships-equipment/scrubbers.-are-you-ready-for-the-heat