Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
hydrogen is not a good energy Vector in my opinion because electrolysing it generally involves twice as much electricity energy being used as the energy contained in the hydrogen produced, unless you produce it from high-temperature electrolysis at a nuclear reactor. and then when storing the hydrogen at 350 bar as it only has one 13th the energy density of petrol. using it in a fuel cell is only 80% efficient whereas if you charge an electric vehicle then your whole cycle (from Charging to discharge to output power from wheel motors)efficiency is 95%. the reason Britain's 8 hydrogen filling stations on used is because a hydrogen car not only has much higher capital costs but also costs more to run than petrol even though the hydrogen isn't taxed yet, and even though so far most of the hydrogen is dirty hydrogen steam reformed from methane with the CO2 vented. I don't believe hydrogen can ever compete with electric vehicles and electrification of home heating as a means of getting to zero carbon. It is a fashionable overpriced. scam. Boris Johnson was asked about it as I stood next to him at a local party reception in June, and spontaneously replied that it's ridiculously expensive - so he gets it. There are other firms also claiming very efficient electrolysers. I think it will be like Kod (a high cost base would be producer of lithium), fashionable and pesky for a while but a rubbish long term hold. The future isn't hydrogen.
Ah, reason for apple share price is partly Wednesday's RNS though some of the rise preceded the good RNS. Apple posted fourth-quarter revenue and earnings which greatly exceeded the expectations of Wall Street analysts thanks to very good sales of AirPods and Apple Watches.
I bet if apple did buy nano, they would close the Runcorn factory and open one in China where they make the phones, to avoid China's import tariffs put in place in response to Trump's USA import tariffs. They would also no doubt hope to do it cheaper in China.
NB i do remember New Labour's "10 year moratorium" on the construction of new gas fired power generation brought in by John Battle in 1998. A man called Lord Simon was outrageously BOTH on the board of BP (non exec) and at the same time junior energy minister under Battle (Battle was SoS). How curious then that within less than a year a "special exception" to the moratorium had been made to grant consent BP's huge proposed CCGT at Baglan Bay, and BP just happened to make a large donation to the Labour party months later. A CCGT of that size normally has a full time staff of 28, including all shifts, but to justify the exception they claimed it would employ 450 people. This was rather bizarre but it turned out they were counting the jobs at a nearby new retail park which was also being built , was going to be built anyway, and which had nothing to do with the proposed CCGT (as I confirmed with the plant manager many years later). The other stated justification was that it would be CHP - but it wasn't built as CHP at all. This exception for BP as labour donor and energy minister, paved the way for other "exceptions" for firms close to the government to Blair's moratorium also being given a DCO for new gas fired gennies, and within 18 months the moratorium had ended and it was business as usual. However I think this frack ban is permanent unless the industry can point to a change or new technology. I don't think it's just an election gimmick even though Andrea Leadsom doesn't like it.
But it has 30 non frack steady producers. I did however sell mine just above 38 after two buys had boosted the price. Nothing doing until well after GE now unless BOD has saved up some micro news and issues a RNS to try and boost it. Probably not necessary. I will buy back in later as of all the onshore oil and gas firms, IGas is the least risky and best run, but between now and well after GE it looked like dead money. Spent it on nano and jog !!
In Australia, I mean elected regional government not national government. FOG watchers of 2017 to 2018 vintage will know this.
If it does go as low as 39p, a lot of posters who were rude to rizalino, will need to eat humble pie. His claim in essence was that if there were no frack hope value, the steady conventional production from 30 wells is worth only that. Igas doesn't face steep rapid declines like UKOG at HH, and I think he made up the 39p number, but... it is not far from 39p. I think Boris will only impose a short moratorium pre election, to eventually be undone like in Australia where the elected government said no fracking ever, FOG fell to 5p, then the elected labour government that had said that, faced with the prospect of economic transformation, backtracked bit by bit in a rather animal farm like manner, gradually permitting the very thing that it said it wouldn't, so that FOG share price eventually soared 5 fold after the election of its nominal opponents... but one cannot tell. The constant anti frack message has created 41% opposition to the technology at present.
I don't actually believe in Kod long term but I recently bought back just a few to diversify. And then this ruddy annoying story : https://www.sciencealert.com/a-cheap-new-kind-of-aluminium-battery-could-be-the-green-energy-storage-solution-we-need/amp
And numerous other versions of it today. The price of aluminium used to be driven by the cost of the bauxite plus the cost of the electricity when it was smelted in Britain's two alu smelters and France's 5. They are all closed and 60% of Iceland's leccy goes to smelters there as they make far more leccy from hydro and geo than they can use so it is ultra cheap. With this battery no new ore is needed as you just refine the used electrolyte to reform the alu in a new battery. Alu is light with has huge energy density in a fuel cell and can easily give you 1500 mile range. He has overcome the main drawback. Ex rolls Royce nuclear. Clever man. But very bad for lithium if he can get this to market. I loath the overused phrase g*** Ch***r so won't say that. This could also piddle all over hydrogen (ITM power opened UK's 12th hydrogen filling station today)
"For some time now, it has felt as though something was going on in the background holding the SP down.".
- what, like poorer than expected flow rates, uncertainty over long term flow from a granite reservoir, and a bad drill result ?
Ever heard the phease "dilution" ? Google for it
Mind you, if the Richard firm on St Helier, jersey (see 2 recent RNSs relating to holdings) is still buying it could well be him, I suppose. In which case one wonders for how long he continues to do it, and what happens to the SP when he has run out of money.,.
No because closed period ahead of an RNS, that would be insider dealing. I nearly bought more i3e two days ago based on a 20% rise in one day, "II's must know something" we all said, next day it went back down 15%, it looks like it was chase me tail PIs once enough rise had randomly occurred to get people started. You literally never can tell. If this was rohs, it would be great, but nano is a volatile share of late. 3 days ago it was falling sharply quite suddenly, but stopped around sell price 10.7. I had the opposite fear then, that IIs knew some BAD news. But looking at today's volumes, apart from the £11k sell all are puny, those are not II sized trades and too randomly spaced out in time, too
https://www.nao.org.uk/report/shale-gas-fracking-hydraulic-fracturing/ see figure 15 of the main report.... UK microseismicity limit way below international regulatory approaches
If he can deliver brexit via the vote tomorrow, and hence become certainly re-electable as the country is so relieved he beat the remainer anti democrats in parliament (and activist remainer judges), igas should go up as no other prime minister would be as pro frack, especially not labour or lib dem coalition. It's fortunes are linked to his, I think.
Superb. Others like Holland (still a lot of greenhouses) and Spain (huge amount of greenhouses) will follow. And the outdoor maincrop market is even better. Thank you Eden, and well done. Lots more eggs to hatch, and one never knows when each will do so, but many are due...
The Planning Inspectorate tried to stop a new gas fired plant at Drax due to carbon emissions. BEIS (Leadsom) overruled them. I expect that having "called in" the decision on the Ellesmere port igas development from the PI, for BEIS to decide, that will go the same way. And at last the sell price might be more than 52.0000p, plus or minus 1p max.
https://www.bbc.com/news/business-49960817
I hate it when exploration firms flail about blowing cash on more and more stuff, never making any money from the "sure thing" things they already did. Pantheon resources in Texas (now flailing around in Alaska and they never mention Texas any more,nor do their rampers), Ukog at horse hill (poor flow rate, now flailing around all over the place)....Highlands natural resources suddenly getting into the cannabis oil bubble, and subtly dumping oil and gas .. it just seems to say "what we did so far is a flop, throw the dice again in desperation".