Member Info for OldRascal

It always has to be about the price.

At this stage, with much of the tunnel drilled and the shafts progressively reasonably well, I don’t see much value in mothballing Woodsmith other than to appease shareholders with short term higher dividends at the expense of long term value.

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So, the many crop trials proving otherwise were hogwash and the off-take agreements are worthless?

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Sounds like mothballing to me.

Until it’s in production, I think it’s just a burden. I would have thought making it productive would have been a priority.

OR

I am also only here because of Woodsmith. It’s not that I want to make good money (although, that would be nice).it’s more that I want to be part of the story.

When I die, the kids will be gifted a couple of hundred shares each with a request not to sell them. They’ll also get a house each and a bit of cash. I hope i live long enough to see that my faith in Woodsmith is justified !eek!

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It was indeed £41.48 however, shareholders are never keen on capital expenditure as it reduces the yield.

Woodsmith was always going to be expensive but the rewards are high. Unfortunately, the dividend and therefore the share price takes a hit. Personally, I think Woodsmith could have been completed for less money and opened sooner. But then, I’ve never dug down more than 1.5 metres :) .

Me too.

I think they are downplaying the future potential of Woodsmith in order to keep a lid on the takeover price.

I hope that the project commences production by 2027, as planned.

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Had aspirations to reach 20+ million tonnes.

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AIUI, potash is much more work than polyhalite. The price is high due to Ukraine’s war with Russia.

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A 50kg bag of standard polysulphate is priced at around £16 in India. That’d be £320 per tonne.

I think the company could be looking at a profit of £100 per tonne (I think this was a figure mentioned back in the Sirius Minerals days). At 10 million tonnes per year, that’d be £1billion.

Shareholders tend not to like capital expenditure. Like politicians, they look only at short term wins and capital expenditure isn’t popular as it reduces dividends in the short term. Without spending, there wouldn’t be any mines.

So, if the mine was to make £1 billion per year profit, what would it be worth?

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What value would Woodsmith have when it’s producing 10 million tonnes per year?

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Hi casapinos

You may not give advice but I think you are more qualified than many that do.

I hold shares here because of my interest in Woodsmith. Just 3 years from production, I'd like to hold shares in whoever owns Woodsnith.

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According to the Woodsmith Liaison Group meeting, the TBM should reach Ladycross (29.2 km) by the end of this month.

https://uk.angloamerican.com/~/media/Files/A/Anglo-American-Group-v5/UK/liaison/30-january-2024-presentation.pdf

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This one?…

https://im-mining.com/2023/10/05/anglo-american-lays-out-5-mt-y-woodsmith-polyhalite-plan-ahead-of-full-design-review/

I’d given up on this one. Only check the sp occasionally.

Is this a DCB or something more tangible.

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The crab and lobsters issue has been buried by a government cover-up.

The Redcar Bult Terminal wharf will be used until AAL's own wharf is built.

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First saleable product is forecast for 2027. Next year it will be the year after next.

Woodsmith may not make locals as rich as they once dreamed but it will be a fantastic asset in the AngloAmerican family.

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Interesting to read that Anglo American have fully booked a Scarborough hotel for the rest of the year. Surely this means that work at Woodsmith will power ahead. I certainly hope so.

https://www.gazetteherald.co.uk/news/24088530.anglo-american-fully-books-scarborough-hotel-staff/

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How come The Times get the news before shareholders? Where is the RNS?

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I don’t see this as good news at all. It may help the SP over the short term but will halve the value of Woodsmith to us mere mortals. Maybe it’s a ploy to eventually sell Woodsmith completely in order to screw AAL shareholders, just as SXX shareholders were screwed.

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Received an email apology today. Whilst it could be shrugged off as amusing, I am concerned that somebody was able to send the email.

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