Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting article that I saw on HZM;
https://cleantechnica.com/2020/05/31/an-error-in-bnefs-latest-downbeat-electric-vehicle-outlook/
Hi MRSI,
I read all the RNS, but it didn't come out as an RNS! The company did an update on the 19th and said everything was good. Then that news hit on the 30th, but not as an RNS. Anyway, I think that INL 's margins will be less hit than the rest of the housebuilders, also the assisted housing market should get disproportionately more when there is a Gov assistance to the sector!
Then I saw this from 30th March;
Inland Homes PLC - land and housing developer - forced to abort five significant land sales and close most of its sites. Covid-19 expected to have material impact on interim results ending March 31. Will cancel second interim dividend of 2.25p per share.
Hi,
Bought some more last week at 47.5 to average down. Just looking at the website, it doesn't look like they stopped building as the others did, also still trading employing social distancing. So sounds like we should get some decentish figures at the next update/results.
Have too big a holding here but tried to get some in the open offer earlier today, but was fully subscribed. Share profits had recommended them, as there will be no overhang. Shouldn’t go down too far, also as now the threat of dilution has been removed, the shares should steady.
I don't think (or rather hope) we will see the gradual decline of the share price down to 1.7 again. Things are moving. Obviously all LTH probably enjoyed the hype over the last few days after the long tedium of the drifting share price, but;
1. TB has bought a stake
2. Riverfort are out (probably) and we should have seen the last of them
3. Someone has given us short term funding, and this may be part of something more strategic, though not guaranteed
4. I think 3. could be linked to the testing of the cores, of which we should know something in the next few weeks
5. Amur is now back on traders radars, and that is no bad thing, unless a lot a people have been caught on a spike and are reluctant holders
6. A number of things are happening in the Nickel strategic space around the world, after years of nothing
So, staying positive
This is also taken from the RNS;
The Company is looking closely at its funding requirements and the Directors are currently in negotiations with a number of parties in respect of raising further funds. Whilst progress is being made on a number of potential transactions which would provide additional funding to the Group, there are no binding agreements in place.
So they are in negotiations.
https://jakartaglobe.id/context/nickel-ore-export-ban-is-good-for-indonesia-vale
From the other board, don't have the link sorry, but interesting;
Nickel Ore Export Ban Is Good for Indonesia: Vale
BY : NUR YASMIN
AUGUST 27, 2019
Jakarta. Vale Indonesia, the country's largest nickel producer, said the government's planned ore export ban will give the country a strategic advantage and bring positive impact to the local nickel industry and the Indonesian economy in the long term.
The government now wants the ban to start taking effect in October, three years earlier than the initial plan's 2022 target.
The Indonesian Nickel Mining Association has voiced their objection to the plan, saying that it would disrupt their members' contractual obligations and business plans.
Bernandus Irmanto, the president director of Vale Indonesia, however, said Indonesia may be better off by imposing the ban sooner than later, especially considering its ambition to make electric car batteries from nickel ores.
"The best limonite ores for electric car batteries are grade 1.4 and below. If the government allows exports for grade 1.7 and below, then we are exporting the best materials for the batteries. Most countries are buying the main materials for batteries from us, and the receiving countries, such as China, mostly just pile them up," Irmanto said on Tuesday.
In addition, the ore export ban would keep the price of nickel in the global market high. Nickel price has been rising by 30 percent since June.
"Indonesia is a big player in the global nickel market. We contribute 27 percent of all the nickel products in the market. We stand to profit a lot from a higher price for nickel," Irmanto said.
According to a 2018 WoodMac study, Indonesia's 27 percent share of the global nickel market was followed by the Phillippines' 14 percent, Latin America's 10 percent and New Caledonia's 9 percent.
However, Irmanto said the government must take caution when issuing the ban since some local nickel companies already have legally binding export contracts.
"The government must look into this carefully and be cautious when setting the quota for the export ban. Some companies can be impacted in the long term if they are already bound by a legal contract to export nickel ores," Irmanto said.
2.44 on the bid. It's sad that such a small improvement, (1/10 of a penny), can make me feel positive. Indicative of how much bad news and poor sentiment we have had to put up with! Obviously the expected large sale at the end of the day will put paid to this...but just for a few minutes I can feel positive.
Interesting movement today, got up to 2.9 on the bid, and a buy went through on NEX for 189,489 at 3.1. I know it is not much, but you would have thought they could have bought it cheaper. The bid has fallen again now, even though only purchases have gone through. Maybe someone is working the options, or someone is making enquires, either way, haven't seen this for a while. Makes a change from the relentless slide!
This will move up nicely. The share price was held back due to the uncertainty of the funding, and that is why institutions sold, they didn't want the risk. The project is now funded so institutions will want to be in on it for the future dividend stream. The shorters will have to buy back, (though I feel that many of the shorts are st1 financing hedges). It is an open offer, and any of the shares not taken up by PI's will be taken up by Gina and the financiers so no overhang.