Member Info for LythamSlim8

H1 sales - 2085kt @ avg price of $118/t

Q3 already locked in 1349kt w/ the price today pushing $144/t

Similar output in Q4 gives 2700kt (+30%) at higher prices

Can see EBITDA pushing $100m in H2 (up from $64m) & net cash > $230m

Would be great to hear mention of a divi but maybe bad form whilst war ongoing.

Even so, that cash pile.

2 years in to the war and still pumping out the pellets.

Shipping is the issue I think, not the actual plant.

Thursday 7am

Looks over bar the shouting.

Link to Spectator

https://archive.is/rDet0

More pivoting.

'Yet there is one brutal truth at the core of Putin’s manoeuvrings: the partition of Ukraine has, to a significant extent, already happened.'

The Spectator talking as if Ukraine is already annexed..

Even Armstrong pivoting towards some kind of resolution now..

https://www.armstrongeconomics.com/international-news/ukraine/its-time-for-a-decision-on-ukraine/

Nice touch before Xmas. Promising..

https://www.msn.com/en-us/news/world/russia-and-ukraine-stage-big-pow-exchange-after-uae-mediation/ar-AA1mpTKd

Quick reminder that Sunday is Russian Orthodox Xmas.

Last year a 36 hr ceasefire was ordered by Putin (I know, I know) - this was rejected by Kiev.

Let's see how many believers participate this year.

Never known anything like it for tardiness and missed deadlines.

You have £billion + mcap companies on the exchange that publish key dates a year in advance and stick to them.

Someone is having a right laugh in Jersey on £5k / week.

Interesting timing for this.

Seems that Z is under increasing pressure to negotiate.

Is that what the last few days of drone / missile attacks have been about..?

https://www.msn.com/en-us/news/world/ukraine-war-maps-zelensky-confronted-with-territorial-sacrifices/ar-AA1mk11r

3rd pelletiser line operating again will take another chunk off the C1 $ cost of production.

Very impressed with the various PR issued by Lucio Genovese of late.

Excuse the ignorance - are we still expecting the CPR for T&T to be issued this month..?

Recall reading the claim that the Dec 2024 date given in the RNS was a mistake.

And to quote Lucio Genovese from that article..

"We intend to restore capacity to pre-war levels and plan to invest up to $3 billion to almost double our production thereafter. "

x2 pellet production - 20,000kt..?

Revenues (depending on the prevailing 65% fe prices) of circa $4-5bn.

EBITDA approaching $3bn..?

Many slip twixt cup and lip of course, but on a conservative pe of 3 you're looking at an SP of £12 under the above scenario.

I see the jet returning home was quickly followed by the publication of fresh rumours of a ceasefire..

https://www.nytimes.com/2023/12/23/world/europe/putin-russia-ukraine-war-cease-fire.html

Could be nothing...

https://twitter.com/KitKlarenberg/status/1737782119613497641

Ceasefire on day 666 Dogger.?

Something... something,,, over.

Apologies for going off topic but good to see the SP getting a foothold above the 100d sma - having spent most of this year underneath.

200d sma not so far away at 90p.

GLA

Via Cape of Good Hope lol