The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
There have been rumours for weeks that Tesla were developing a purely silicon anode rather than using a mainly graphite anode with a small amount of silicon. At battery day they announced they will be looking to use more silicon in the anode to improve battery performance and reduce costs. The issue with silicon is that it expands, potentially damaging the battery and reducing battery life.
It seems that in future, anodes will include more silicon due to increased energy density and cost of production but this IMO will happen over a number of years as technology improves. There will also be other EV manufacturers using predominantly graphite anodes for years to come so this should positively impact graphite prices.
In the meantime the basket prices used by ACP are very conservative compared to their peers taking into account the purity and flake size of the product. Even without any increased graphite demand through the EV revolution, which will likely lead to increasing graphite prices, the IRR is still incredibly attractive.
13th Monkey / DRS You're correct re ISA limit.
Lifetime allowance (LTA) is £1,073,000 and is set to increase in line with inflation in future tax years (assuming they don't change the rules again).
In defined contribution (DC) schemes such as a SIPP, the valuation for LTA purposes is simply the fund value.
In defined benefit schemes (DB) / final salary schemes, the valuation factor is 20:1 based on the pension that comes into payment plus the value of any lump sum taken on a 1:1 basis.
The 16:1 factor mentioned is for annual allowance. Which is the amount you can contribute each year without incurring a tax charge although bear in mind carry forward and tapering...... absolute minefield. Ps. i'm a chartered financial planner
You're right to have a long term view on days like today Wasa. I took the opportunity to take a few more and average up .
21/09/2020 23/09/2020 B744658012 Horizonte Minerals Ord Gbp0.01
65046 @ 6.87 6.87 65,046
Small change to some on this BB i know but every little helps.
Didn't get the timing right but long term this will look like a good buy I'm sure. It's crazy how a company that doesn't trade in the UK and is only listed in the UK was so badly impacted by a fear of the UK going back into some form of lock down!
A great buying opp in my opinion. I'm holding these shares for years to come and by that point Covid will be gone through a combination of vaccine, therapy and testing improvements and in the meantime central banks have printed billions of dollars and governments have borrowed billions of dollars that will find its way into real assets as investors look for returns in a 0% interest rate environment. Look what happened post financial crisis. HZM having the assets of the future will be a big beneficiary IMO. GLA
If you listen to the Money Sponge interview with the CEO in July, she was expecting the EP within "a couple of weeks". It's dragging on to say the least. She did also say though that no company had been declined a mining licence in Ghana having got to this point so that gives me confidence.
This uncertainty is definitely affecting the SP IMO and the longer it goes on, the more nervous myself and others will be and may look to sell or reduce their holding. But of course if we get the mining licence then there will be a significant re-rate. GLA
https://www.youtube.com/watch?v=Wh90ibXMZIw
Thanks for taking the time to share that Trek. I've never done TA personally but it's something that interests me and might look into further when i have more time
https://twitter.com/MylesMcNulty/status/1296828453451431937?s=20
Myles Mcnulty seems to agree
LOL was thinking the same thing JSD!
Hopefully it's FINALLY our time in the sun. God knows we've waited long enough. ACP is certainly getting more mentions on twitter by some influential people so the herd will follow soon.
Was very surprised that i was able to add at 20p this morning. Not complaining of course but thought this news would have propelled the share price much further. Perhaps it's because finance isn't fully finalised yet?
Mr McKenzie my intention was not to be rude so apologies (again - the first time ever on a BB) it read that way. It's my understanding that it the price quoted represents the nominal value rather than the share capital of the company.
painful
https://www.thestudentroom.co.uk/showthread.php?t=2911085
Sorry Slurms and Gents but the below is incorrect. An option is exactly that - it's an option. It gives the Director the option to buy shares at a set price on a set date. E.g. GC has the option to purchase 1mil shares in a year's time at 5p. If the share price at that point is 10p then great, he wins and we win. Who knows, he may not even sell them at that point if he's confident things are going well and either way there will be an RNS to notify the market. The point is that they don't get given the shares for free and get to sell them at market price!
This is the point i was making - the first set of options at 0.001P are a gift - unless the company folds, they will be valuable options but aren't exactly huge at c.20k after year 1.
The other options involve the Directors increasing the share price and therefore creating shareholder value in order to benefit.
They aren't the most stretching option ever granted let's be honest but it's not the doomsday / dilution / excessive pocket lining being suggested.
The options at 0.001 are a gift but it only works out at c.£20k after 1 year and c.£40k after 2 years - hardly big money for a CEO. At least with GC's and the other board member's other options, they have to add some value for us poor shareholders so that they can exercise their further options.
https://twitter.com/TheMoneySponge/status/1290753807052308482?s=20
*fingers crossed
A new CEO was appointed last year and a whole new team is in place. They have significantly reduced the cost base of the business, which is what makes the company profitable at a lower oil price. This obviously hasn't had time to feed into financial results yet, nor has the increased interest in OML 113.
http://www.admenergyplc.com/investors.html
Not sure you know what you're talking about Greenspan. ADM are profitable on their existing assets with the oil price at 28 dollars due to them acquiring at a very attractive price (watch the most recent investor video on the company website).
In terms of your point re 'sub economic' fields - smaller oil fields don't shift the dial for majors and their profitability has been hammered by the impact of Covid so majors are looking to divest at a time when the oil price is under pressure so there will be huge opportunities for further acquisitions. Due to the low cost base of ADM, these investments are very profitable.
With this company's market cap being so small, the potential upside for investors is huge.