Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Yesterday HSBC (Europe's largest bank) announced they will stop funding new oil and gas fields as part of a wider update of their environmental policies. This is probably a response to activists targeting what they believe are carbon threats and may explain the fall in share price yesterday, towards the end of trading yesterday. The price is still falling and no doubt the market is waiting for the other banks to respond. Being Friday, I imagine traders will be selling off and taking profits as usual, before closing their books for the week. Should be an interesting day for BP.
I seem to recall RDS was used to be quoted on both the Amsterdam Exchange and the LSE which is why the shares were listed Shell A (Amsterdam price) & Shell B (LSE price) shares. The decision was then taken to list on LSE only and presumably for corp tax purposes, they now solely fall under UK tax law - in the same way BP is. The Uk Treasury should tread carefully because if these companies are hammered repeatedly for windfall taxes, what is to stop BP and Shell becoming domiciled in a country with a more friendly attitude towards corporate taxation. Windfall taxes (legalised theft) could kill the goose that lays the golden eggs.
Don't know why there are so many depressed investors here. 3rd Q results were excellent. $3.3B net profit but took an impairment hit of $6.1B because some assets were overvalued and had to write them down by $6.1B - so to balance the books they have to show a loss for the quarter. Its only a book entry, no out flow of cash. In the meantime we should all be taking the opportunity to buy the dips. I am. The company is still a cash generating machine. Fill your boots.
Yes!! Fat finger error. For the life of me, I can't see why BP would want to increase their exposure to 'fracking' . I expect any short term gains will be more than off set by bad publicity and possible actions by the protesters. Just stay away from it.
Did anyone read the 'BP share news' tab. Talks about BP "ramping up investment to $1.5M" in onshore US shale fields. I wonder how that will sit with the US markets. It doesn't seem to fit well with the new green BP. ethics.
JoshM20 - the market is seriously concerned about a Chinese property developer called Evergrande, currently the most overleveraged company in the world with debts of over $300bn. They have already missed a string of payments to bond holders around the world. They hoped to raise some cash by selling off part of their property servicing division for2.6Bn (to help service up and coming
Repayments) but news has come through that this deal has fallen through. If President Xi decides to throw Evergrande under the bus then we could be looking at another Bear Sterns moment with a lot of investors and banks around the world going under, starting off another global collapse. It has nothing to do with BP. Fingers crossed.
First bought in to ALK in 2008 @ 18.3p then topped up in 2009 @ 14.5p but things moved too slowly for me and sold out for profit later on in the year. Its been on my watch list ever since and never thought I would get the chance to get back in again once the business took off and started generating profits and delivering divis but when the death cross occured (50dma diving down through the 200dma) in the first half of 2014, it was time to take a close watch. Eventually set my buy target @ 23p at the beginning of this week and it triggered for 22.67p this afternoon. Really chuffed to be back. Not too worried about the slide because in my view, the oil price has been artificially suppressed for political reasons and prices will eventually recover. Like what ALK are doing and the way the company is being run. Good share to buy and hold. Good luck all.
Just noticed a £4M buy go through right at the close!!!
Apparently not! Looks more like a rush for the exit. Very strange. The directors are clearly confident of a good outcome for the new drill programme and are nicely placed for any upshot. That upshot may come sooner than we think if Taurus decide they like what they see and put in a bid for the remaing 60% of NRRP. Any idea how long before the results of the drilling will be known?
Strong commitment from directors. Should encourage the market.
.... and some fell on stony ground. I think they are all chattering on google (see posting 10/12/12). In the meantime, waiting for news .....
I don't think they need to make an offer, since if they keep funding the JV through to stage three and completion, then they will own 90% anyway. My previous posting 16/08/12 refers "....... the last update on the Monte Muande JV was dated 10/04/12 reporting on BAO's completion of stage 1 of the JV (to fund & drill 2,000m) earning them 60% interest in the project. The results were good and did not cost NRRP a penny. So as things stand, NRRP still own 40% interest in this magnetite, phosphorus, uranium & gold prospect - "drill results from magnetite rich intersections report premium concentrate grades of 69% Fe at a mass recovery of 26%". It will now be interesting to see if NRRP elect to participate in stage 2 (pre-feasiblility study) & stage 3 (definitive feasibility study) because if they elect not to, then BAO will increase their interest to 75% (at end of stage 2) and then 90% (at end of stage 3) , leaving NRRP with only 10% interest in the project (albeit, NRRP would not have expended any outlay).
Yes, we would expect the directors to press for a full and fair valuation of the company, if Taurus put in a bit to swallow it up but the RNS dated 4th Jan 2013 which states "The development of the Company will be implemented by a strengthened board of directors (the "Board"), which will, in due course, consist of six directors, three of whom will represent Kalahari." - so a board leaning towards Taurus? Difficult to see how this will turn out for NRRP shareholders.
Flicking through the pages of one of the investment magazines, one of their 'analysts/contributors' believes NRRP will gradually be absorbed into Taurus and then delisted. The current directors are Martin French with 16mm shares (2.28%) + Mr He & Mr Yu. Taurus currently hold 38.03% via KAH & Taurus Minerals Ltd. On the outside, I see David Steinpreis still holds 22mm (3.21%) and major nominee a/cs hold 15% Any thoughts on how this one will go/likely outcomes?
so NRRP now have 1 month to sign up a replacement Nomad - seriously, how difficult can that be? In all probability they are still talking to the prospect they mentioned in the 29/11/12 RNS. The point is, NRRP are moving closer to a JV with KAH for the development of the Namib lead, zinc, silver prospect "Kalahari Minerals Plc holds approximately 38 percent of North River and is supportive of North River's endeavours, especially on its developing Lead Zinc Silver Project in Namibia and whose representatives are active board members of the Company" which could very quickly take off. For those that missed the Proactive Investors note, here is the link: http://www.proactiveinvestors.co.uk/companies/news/48972/north-river-resources-maiden-namib-resource-sufficient-for-mine-planning-says-broker-48972.html
So NRRP have 4 (working) days left to sign up a new NOMAD and if we can't get the replacement Nomad they are currently in talks with to sign up by then, we will still have 1 month (in suspension) to find someone else. Apart from that it was all good news with the likelyhood of a JV with KAH in the new year.