Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Looking at the original acquisition RNS looks like break fee is £28m so that should be the maximum. Given size of business that’s a small price for getting out of a poor deal.
My regular monthly investment goes in tomorrow, was expecting to pay more than this so I'm more than happy getting some on this short term blip.
I hope so as I decided to put money in here yesterday after a lot of research and picked up 7,500 shares
I thing the result will be good but forecasts for year ahead will be poor. Not expecting any rise tomorrow. Has recovered well from lows but to me short term movement more likely to be to the downside.
Whilst I like the company and believe it is undervalued you are overvaluing it based on gold in the ground. Current gold (41,000) is probably worth closer to $100 an ounce in the ground so about $4.1m (£3.2m) the furniture performance is all about increasing the resource and the recent drills indicate that there is a lot more to come.
Book value is up from last year, primarily the capital raise earlier this year
30 minutes
Where do you find US price?
Except that AAOG are sat burning through cash paying salaries and overheads instead of getting on with drilling. They seem to have an amazing ability to blow through cash and end up with alot less that you would expect.
Given the weakness of £at the Minute I would definitely want to issue bonds in $, there may be some further downside short/medium term but a recovery just to $1.32/£ would reduce cash cost of interest by 10% and give a gain on the company of about £50m on bonds.
If the £ doesn’t strengthen the I presume most of their sales will be in $ so the addition profits on a devalued £ will more than cover a punitive interest rate. They just need to get the bonds away, even au 14-15%. JPM must be happy enough with the financials to offer 2.5bn ref.
And British steel is a long term basket case that will eventually end up bankrupt. SM will be a world leading mine with billions of pounds of exports.
My point is that one branch is immaterial, when they have 20, 30 40 branches in the big northern cities that’s when they will make a real difference.
I don’t think the opening of a single branch will make any difference at all, however I do believe that it is a good long term buy.
We have only been given average rates during cleanup and these should have been increasing as drilling fluids returned. The key information that was missing to me is the Current rates. They could already be materially higher than the average reported.