The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Best post for months
There was a Proactive link a week or so ago about HUM as a takeover target and Twogoals mentioned M & A possibilities earlier. I think Betts & Co are happy with a revolving 5 year LOM because it reduces the takeover chances and keeps them in a well paid job indefinitely. I guess we won't see a reasonable share price rise until either they do a share buy back or start paying dividends.
OD
HUM get a takeover mention in this article
"The mid-cap firm also isn't the gold group on the list of possible targets, with Peel Hunt's Tim Huff citing AIM-listed Hummingbird Resources as another candidate due to its Yanfolila project in Mali. which he said made the firm another "strong cash generator" with "a good single asset"."
https://www.proactiveinvestors.co.uk/companies/news/908371/sirius-minerals-could-bid-for-gold-digger-centamin-pave-the-way-for-rescue-of-potash-miner-908371.html
OD
I guess we were all hoping that they would have enough revenue to avoid a placing to pay for the Inyoni deal. Just a thought but what if they do have enough cash but want to use the proceeds from the placing to take a share in GLR and also to provide them with some cheap finance for the Zinc for Kabwe - maybe Colin thinks this would be more acceptable to shareholders
OD
Blimey, that's a real Carlsberg broker note. At some point JLP is simply going to fly. Roll on the dividends!!!
AS Shard say it's never easy to determine what going on with JLP but that's enabled me to buy lots more before the herd arrive.
Kalan et al, hope you get back in before they arrive.
OD
Anybody got any idea how long it will take to get the license?
Probably because the latest presentation shows HUR with by far the largest commercial + technical resources on UKCS
OD
Posted on the AMC board by TDT. What happened to the Nickel Tailings project we had years ago?
https://seekingalpha.com/article/4293275-platinum-group-metals-nickel-miners-case-long-stocks-consider?isDirectRoadblock=true
OD
https://www.telegraph.co.uk/business/2019/09/08/car-giants-face-100bn-hole-power-race-deliver-electric-vehicles/Article in TelegraphCarmakers will have to invest in the mining sector to guarantee supplies of materials needed to make batteries and keep costs under control if the drive for electric vehicles is to be sustained.The claim comes from analysts at Evercore ISI, whose research warns of shortages in the battery materials needed by car companies racing to offer more environmentally-friendly electric vehicles, which will help them meet emissions controls.Not being able to source enough rare metals and minerals may force carmakers to battle for supplies, keeping costs high and preventing electric vehicles preventing electric vehicles from going mass market.“Global manufacturers have been quick to trot out ‘electrifying’ announcements around their future regulatory plans, but few have stopped to ask: will the supply be there?” said Arndt Ellinghorst, car industry analyst at Evercore.He calculates that new demand – almost entirely from the car industry – will raise the total global requirement for batteries from all industries from the current 151 gigawatt hours (GWh) a year to 933GWh a year by 2025.By comparison, electric car company Tesla’s Gigafactory 1 in Nevada has a theoretical maximum production output of 35GWh a year, but is running at about two thirds of that.Evercore’s research suggests that in 2023, there will be a 6,000-ton annual shortfall in cobalt, rising to about 92,000 tons in 2025 as demand for the battery material rises.Another battery material, lithium, is likely to see a 650,000-ton shortfall against a 1.9m-ton demand by 2028.“With expectations that 10pc of the car market will be battery by 2023, there will inevitably be a shortage of raw materials unless there is $50bn-plus of investment in copper and nickel projects with cobalt as a by-product,” Mr Ellinghorst said.When other battery materials are included, Evercore believes $123bn (£100bn) needs to be invested in mining to produce sufficient supplies. Without this extra cash, companies mining battery materials will sell to the highest-margin customers.One solution is for car companies to use their scale and invest at the source of the materials, stopping them being pushed out of the competition for scarce minerals.“Investing in mining can also bring savings by eliminating the margins earned at those facilities,” said Mr Ellinghorst.This could bring other benefits too. Many of the materials used in batteries are mined in unstable regimes, often with questions about how they are produced. Being involved at the mining level would ease concerns about ethical sourcing of supplies.