Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
4.1 - 4.3 slight improvement on recovery rate due to tweaks - cost increase to take into account plant ppm and rebuild, info on the spend to upgrade the plant and recovery rates (hopefully) as they said by Q3.
Who knows if they are or aren't looking into it - saying that the FCA are next to useless though
Complete waste of time and expense
"No evidence was found of any material conflict of interest in relation to MRS's acquisition of Alerion based on any pre-existing relationship between any member of the Board of MRS and any of the Vendors of Alerion"
What about the non-members of the board and vendors which was the main crux "leon hogan his partner Jenna grove, father in law Chris Grove and Corrales Trading (Cyprus) Limited,even inspector clousea could have solved this one ***** joke
Thought about taking the open offer but in the end figured it will drop below 1.00 anyway as a lot will be forward sold prior to the 40 odd million shares hitting the market on the 16th - granted a lot will be in sticky hands ii etc but still got to figure a couple of million will just be flipped.
the pipeline is good but with Woodford dumping most of his aim stocks and holding 23% in this and a fund raise towards the end of the year the sp could be decimated.
Seems like some local tree huggers are having a protest -
It is not the first time environmental activist alliance, the Kalikasan People's Network for the Environment, has made claims about stopping the mine.
"The Mines and Geosciences Bureau (MGB), which regulates the mining industry, said the company, whose Financial or Technical Assistance Agreement (FTAA) expired on June 20, can still validly operate since its renewal application was submitted on time and is being processed"
Down the line Roy but first and foremost is the debt re-negotiation which is the current dark cloud hanging over the SP.
xtr- There seems to be a recurring theme here - just out of reach think the mm's are just playing mind tricks with you.
Looks like an RNS sometime next week then, maybe monday morning
Anyone heard any details on the open offer from their broker?
Many thanks for the update jamie - much appreciated
The requirement for additional capex was covered in the last quarter's RNS
"The key focus of the plant upgrade and design requirements revolve around ore variability and flotation capacity. The plant was designed for a highly refractory gold ore, which is considered to only make up around 40% of the ore body. The other 60% of the ore body is highly variable, with less of an association between gold and refractory sulphide. This means that the current flotation capacity, designed for 35 minutes of ore flotation retention is inadequate. This issue can be dealt with in two ways, either to upgrade the flotation line, to include more retention capacity, or extract a higher gold component in the milling circuit. Both options, flotation and flash flotation, are currently being studied alongside the associated capital expenditure"
Obviously anything in the statement has to be based on the previous quarter's report - the biggest question is has the plant been able to run sustained throughout the current quarter - if it has we should be looking at 17.5 - 18k oz, taking into account the downtime in the last quarter with gold posting around a 1340 average for the month (slightly more if it continues its upwards move) we should be looking at around 23million in gold sales before total costs
I called them “the company is aware of the article and it’s speculation talks have not broken down and are ongoing” to be honest I Can’t think of any point blackstone has been right on
For those concerned about the sp article it may be worth contacting the company
Funds bought plenty in the last drop why would they now when they can pick up stock in the placing?
Cash burn was £25mill last year - 26 in bank in Jan so unlikely they will need to raise until later this year which they can hopefully off the back of some of the expected clinical results if they meet the set-points.
yes but we also haven't made any interest or capital payments?
Anyone going to the AGM?
yep this was one of his favourites 27.4%
Looks as though all Woodford's holdings could be in for a bumpy ride over the next month