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The Opec cartel is back in control of the world oil market as the shale revolution peters out, according to a number of industry executives who warned of higher prices for crude in the year ahead.
Rick Muncrief, chief executive of Devon Energy, another top shale producer, said thinning global supply capacity left him alarmed about the possibility of a new price surge as oil balances tightened.
“We’re just on a razor,” he told the FT. “That’s why I’ve talked about being concerned right now — but I think it gets really, really serious in the next 12 months.
1)20 May 2022 "We're on track to achieve our goal of lifting gold output to 24Ktpa by year end"
2)June 2022 corporate presentation "Targeting 24,000 oz per annum End of Q4, 2022"
3) September 2022 corporate presentation "thereby increasing production at Kilimapesa to 24,000oz per annum by Q1 2023"
saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaad
"The recent updates include an insight into some of the client companies, it's very revealing IMO as one company appears to account for approximately 20% of cloud revenues, so some others are logically quite small. There is a hint in this pattern that some of these companies could eventually become very significant -"
Join thank for your long post , can you elaborate about the hint ? they always say they have a pipeline of malty millions of order but all the have after 2 years is £1.2 per year not sure they will stay solvent for much longer
by 30 September
"Another thing is that the money is not to cover debt but finance growth opportunities - that is very positive IMO."
this is not the case
£1.5m will go to pay back the revolving credit facility
50% of the capital raising above £3m will be used to pay debt
https://www.ft.com/content/5ac5846f-e434-4f85-89b3-68fecef8637d
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https://www.ft.com/content/2700996d-d469-4999-9674-ec81fcf18a35
The company has previously argued that discounters tend to gain market share during downturns as consumers look for ways to cut their outgoings. It too has low average basket sizes and the vast majority of its product lines cost less than £20.
positive ? or they take shares because no cash is left