Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Disappointing to only briefly see 8p and then bring sellers
DCAT
..."What the current PEA doesn’t currently include is monetizing the 40% of the ore that is non magnetic containing 33.75% Tio2 (approx 67% ilmenite)."
Why would they not mention that is so valuable
SP Angel note on Copper but interesting Iron Ore quote
• We suspect if China was to impose such draconian price limits it would have already done so in iron ore which we feel is more critical to the Chinese economy than any single base metal.
SP Angel morning note re Copper:
Copper – prices have broken through a key technical level to 10,236/t
• The positive move in copper overnight suggests the metal may now rise towards $15,000/t according to one Commodity Trading Advisor
• Copper prices must rally 50% for supply to meet demand according to Ivan Glasenberg, ceo at Glencore according to a report in the FT today.
• Prices had been held back by comments from a Chinese official indicating that China might move to limit commodity prices if they raise inflation.
• We suspect if China was to impose such draconian price limits it would have already done so in iron ore which we feel is more critical to the Chinese economy than any single base metal.
• China is also seen as well prepared with substantial State Reserve Bureau reserves which can be made available to local manufacturers in the event of shortages.
• The IEA warned earlier this week that high prices and availability could delay the transition to clean energy given the demands for batteries, wind turbines and solar panels.
• Rising costs at the more marginal copper producers will require higher prices to meet rising demand for the new energy revolution as inflation eats into margins.
• Copper prices were also helped higher by issues in Chile and Peru which might serve to reduce new investment into copper mining in these regions.
• Demand is being driven by Stimulus measures encouraging the development of new wind and solar farms in the US, UK and China
• Global copper demand from wind, solar, EVs and battery technology alone is expected to grow by nearly 600% by 2030 to 5.4mt per year.
• Standard EVs contain approx. 1km of copper wiring- translating to 60-83kg of copper per car. ICE vehicle requires 15-20kg.
• Level 1&2 EV AC charging points will contain 1-7kg of copper, while fast DC chargers contain up to 25kg.
• Offshore wind requires 13.5t of copper per MW vs 4t of copper per MW for onshore turbines.
• Solar capacity requires an estimated 4.6t of copper per MW.
• China unwrought copper imports rose 9.9% YTD by the end of April to 1.92mt.
• China copper ore and concentrate imports rose 4.4% YTD by the end of April to 7.88mt.
Yeah I think many were saying EXACTLY the same thing in NOVEMBER !
I wet the bed I suppose ... but didn't like the previous left field placing after the big financing deal was completed with the fanfare "we are now fully financed for the 2021 recovery ... gave the CEO the benefit of the doubt but now they still need more money, the plans are changing every few months, not a confident tone at all today, and everything slower, longer etc.
Bless those AIM CEO's.
Needs to make his mind up and be clear to investors
Didn't Brian say at the recent interview posted here that the delayed PEA will now be a PFS ... yet today he confirms it will be a PEA in the 3rd Qtr ??
All shaping up nicely and key for me no change in QTR1 22 production guidance. Although the talk of expanding drilling to increase the ultimate payback, IMHO is more than just talk, after all why mention it.
Could be many things but all positive... perhaps to tip potential suitors we can go bigger if you are considering a bid so get a move on.
Also the disappointing SP performance since the initial PEA, is explained by the PEA delay explains the SP weakness ... market always seems to know in advance.
At least they have taken the opportunity to change it to
thanks both
Does the RCF deal expected in April have a hard deadline ? if not getting a bit too close to end of April.
https://icebergshares.blogspot.com/2021/04/xtract-resources-xtr-bushranger.html
Colin's 1m share purchase is keeping me calm
Bloody hard to press the button, but sold a % of my holding to protect profits and in case of a delayed message.
The market always overreacts to the downside on disappointments.
If the news is on time and good, then so be it and I'll accept buying back higher with the added de-risking news as comfort.
ODR
Hi Giles ... if the SP appreciates the way we hope it will and market cap increases to £50m-£100m ... the shares would be more liquid hopefully
Early days
Still holding for now.
The interview was uninspiring, it really is not his strong point, almost to the point where you ask, is there someone else on the board who can articulate better.
Plus there is definitely not the confidence of previous interviews when talking about the joint venture prospects. No smug smile and relaxed state this time.
In fact I thought he was rather agitated at the question.
But he only has himself to blame from over confidence and previous guidance on this matter.
My guess is they assumed it was in the bag and new requirements have popped up which will take longer than envisaged.
At least I hope it's just that.
IMHO we've lost the last of the JV punters last few days, who no longer see a short term return. I recall a huge following climbed aboard following the rumours.
ODR
I'm pretty sure in the last few CB interviews his chair was able to swivel
I accept Rome wasn't built in a day and this is only drill 1, so the lights haven't gone out today.
However for me, the main issue with CB is ... having done a lot of ultra enthusiastic video interviews, talking up their licences, comparing ECR with Fosterville, indicating the JV's are just a matter of dotting the I's and crossing the T's , confirming we are fully funded ... since the unexpected placing from left field, he has not bothered to speak to investors. I understand that plans change, but whereas before you could not get him off the stage, so to speak, now he choses not to address us retail investors .
Total disrespect IMHO , if you need to restore credibility, get in front of us again and make a ******* effort.
I will be well ****ed off if after today he still choses not to speak.
Maybe not 'promising' but perhaps the repeated references to Fosterville .. and "our grades are better etc" need to be reigned in going forward