The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Is an option to refinance
From memory...
https://www.weatherford.com/products-and-services/
Although they could possibly have been just the drilling rigs..
Really interesting.. thanks
No personal view, but reiteration of global consensus
There could be a shortage of electric vehicle batteries as soon as 2025, according to the chief executive of Stellantis.
Speaking at a car industry conference, Carlos Tavares, CEO of one of the largest car makers, said “I can anticipate that we will have around 2025, 2026, a short supply of batteries, and if there is no short supply of batteries then there will be a significant dependence of the western world vis-a-vis Asia.”
He believes production may not match demand, despite investments in gigafactories, notably by Tesla and Elon Musk, across the globe.
All we need to do is hold our nerve and deliver the target tonnage.
So based on today spot of 9020/t we should immediately benefit by a 17% ish uplift in copper price from 7700/t. Quite nice!!
Can anyone remember what the price of the hedge we are currently clearing was?
Be interesting to compare % change against a current copper price of $4.56 per lb