Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I lost patience with Tom as there seemed little incentive for him to perform. He gets well paid whatever happens.
Andrew Austin delivered a 42x return for shareholders of Rockrose from inception in 2016 to its sale in 2020.
He has now taken Kistos from 100p per share to 430p per share today.
However, he earns less than Tom.
His total salary for the year ending 31 December 2021 (including bonuses) was £422,000.
His base salary was £171,000.
He earned a £210.000 bonus and £41.000 benefits in kind.
As shareholders you are paying Tom's salary
Does he deserve it?
I agree,
I've been watching ASOS for months but have finally took a stake at 600p.
Patience is required, but I am confident it will be rewarded.
Rumour is that Julie Brown will be our new CFO.
https://uk.finance.yahoo.com/news/gsk-poaches-burberry-cfo-create-170600394.html
Good morning all,
Thought I'd start a post to help those who may be having difficulty getting their votes in for the ordinary general meeting on the 7th of October.
Votes should be submitted by the 3rd of October.
My shares are held with Interactive investor and Hargreaves Lansdown. I have cast my votes with both.
On Interactive Investor.
Click the 'Portfolio ' tab top left.
Select 'Voting Mailbox'
Follow the instructions.
On Hargreaves Lansdown.
Go to 'Account settings'
Select 'secure messages'
Send a message asking HL to act as your proxy in the Greatland Gold ordinary general meeting, instruct them how you would like to vote (FOR or AGAINST each proposal)
Hope this helps.
I wasn't comparing them.
I was just making a point that the number of shares in issue is immaterial.
If a company performs, the share price rises.
It's a no to the share consolidation for me too.
Shell have over seven and a half billion shares in issue, it doesn't stop them attracting institutional investors.
Whether we have 5 million, 5 billion, or 50 billion shares in issue matter not a jot.
If the company performs, the share price will rise.
Consolidations just mask poor performance in my experience.
An up day for Dutch TTF gas futures.
The October 2022 contract is trading at 188 euros per MW, up 3.5% on the day.
When you consider that at this time last year it was trading at 32 euros it highlights just how inflated the market still is.
European heating season is now only a few weeks away.
I think that the average dutch TTF price from October 2022 through until April 2023 is going to come in at around 200 euros per MW
With our dutch operating costs just over a couple of euros per MWh we are going to be raking it in, even with a rate of tax of something like 80%.
And of course, if the rumours are true. The EU's windfall tax grab will expire in six months time...
Anyone else care to guess the average dutch TTF from October 2022 through to April 2023?
The north sea transition authority's 1st carbon storage licensing round closed on the 13th of September.
In the half year report AB said
"We are also committed to supporting the UK's twin objectives of delivering energy security and decarbonisation. Through our Infrastructure and New Energy business, we intend to repurpose and utilise existing assets to progress new energy and decarbonisation opportunities, including carbon capture and storage, electrification, and the production of green hydrogen..."
North North Sea area 1 has within it The Dons, Deveron, Thistle and Magnus.
https://www.nstauthority.co.uk/licensing-consents/licensing-rounds/
Well said SaMason55,
I have had enough of his pathetic anti UK rants.
I have never filtered anybody on lse.
Now I have.
Von der Leyen has confirmed the proposals to be discussed and added that they would like to replace the Dutch TTF with a "more representative benchmark"
Rumour is that 33% is the minimum EU countries must tax.
They can tax those surplus profits more if they like.
https://www.reuters.com/business/energy/eu-propose-crisis-measures-curb-energy-price-spike-2022-09-14/
If the EU proposal goes through there will be another 33% tax to pay on all surplus profits for 2022.
Rumour has it that the windfall tax will be backdated to the 1st of January.
Doubling production is now imperative to fill the hole.
The party is over.
"The draft proposal would also introduce an EU-wide windfall levy to recoup 33% of fossil fuel firms' surplus taxable profits from fiscal year 2022."
https://www.reuters.com/business/energy/eu-wants-180-eurmwh-revenue-cap-wind-solar-nuclear-plants-draft-2022-09-13/
The FPSO was reported to be at the field on the 22nd of June or thereabouts.
Production was scheduled to start in Q2 so I would guess that we are producing now.
Just my guess
The truth is that the share price is now aligned with the asset, options at 12p are not a giveaway, they are a realistic target.
After dilution we'll have roughly around 5.8 billion shares in issue by my estimation.
So, At 8p a share thats a market cap of £464m
And, At 12p a share thats a market cap of £696m
We now have a firm footing from which to build.
Liz Truss appears to 'get it'
KIST paid a 48.9% tax tate for the six months to June and will pay a higher rate for the full year most probably.
She was keen to state her dislike of windfall taxes and guaranteed to ensure security of supply from the NS in the future.
With KIST having a foot in the UK and the EU, we can channel our investments to the least draconian environment.
I suspect the NS is going to be 'the place to be'
We'll find out tomorrow.
Glad I got out at 425p, wish I'd jumped ship earlier TBH.
Saved myself a 10-15% paper loss of potential profits.
A month lost on the NE drill doesn't sound promising and Liz due to announce her 'plan' for energy on Thursday.
Sitting on hands and cash ATM
UK Natural gas futures up 30% this morning.
https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas
Very positive IMO.
Sure, margins may come under pressure but we have good clearance between ourselves and the rest, those we can't beat on price we beat on customer service.
And, we have the cash to ride out any crosswinds that may be ahead, not all airlines can say that.
Phillip Meeson keen to emphasise the point that Jet2 can grow despite the downturn and is confident it can meet market expectations.
"We are very confident that, Package Holidays are the Right Product for Price Conscious Customers especially in challenging economic times, and this provides further opportunity for us to grow our customer base, though as previously announced, margins may come under some pressure in the short term. Our well proven dynamic booking systems enable us to flex our offer to match consumers' changing demands and to deliver great value truly variable duration holidays. We also expect the growing Package Holidays mix to continue to benefit from our high trust ratings right across Which?, Trip Advisor, Trust Pilot and Skytrax."
Regardless of whether it is Exploration or Appraisal the drill or drop decision is due in September.
From Serica's results.
"Skerryvore and Ruvaal– Blocks 30/12c (part), 30/13c (split), 30/17h, 30/18c and 30/19c
(part), Serica Energy (UK) Limited: 20% working interest, operator Parkmead
The Skerryvore and Ruvaal prospects lie in the Central North Sea, 60km south of the
Erskine field. Potential for both sandstone and chalk reservoirs has been identified.
Over 500km2 of 3D seismic data was purchased over the licence areas. However, the
company contracted to reprocess the data, enhancing it prior to interpretation, was
unable to deliver the dataset in the agreed timescale. That meant it was not possible to
undertake the necessary work programme in time to make a drill or drop decision by the
end of the initial three-year term, in September 2021. An extension application was
therefore submitted to the Oil and Gas Authority and a drill or drop decision is now due
by September 2022."
The party is over for PMG.
The EU will set a price cap on gas, the UK will follow (in my opinion)
If only they had gone with Platypus, they could have caught this spike with meaningful volumes of gas going to market.
Tom dropped a right clanger there.
robs12 is correct in everything he writes, I suggest you listen to him.
Serica think Skerryvore is an exploration well but Tom says to SOTB that the oil is there.
Who are you going to believe?
"The German economy minister Robert Habeck said he expected gas prices to fall soon as Germany, Europe’s largest gas consumer, was making progress on its storage targets and would not have to pay the high asking prices to continue replenishing stocks.
Habeck also reportedly told other European energy ministers that Germany is willing to consider a European price cap on gas, a measure it has previously argued against."
https://www.serica-energy.com/exploration-UKCNS
Are you suggesting that the UK will keep electricity prices pegged to gas prices?
UK citizens paying mulitiples of what EU citizens are paying...
No political party would go for that IMO