Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Hello Rich, quick glance through yes it's been awhile to get here but definitely more to come, all the figures make healthy reading but more importantly the market for our products is very strong .
Financially strong and at last distributing a chunk to the sh there will be a few lth waiting a while for this.
Looks like the market if finally accepting what SEPL announced, that the deal is good, if that's the case we should continue to rise higher.
The company wishes to clarify that the Special Purchase Agreement (SPA), earlier announced on February 25, deals with the acquisition of the entire share capital of MPNU’s shareholders.
“Mobil Development Nigeria Inc. and Mobil Exploration Nigeria Inc., being entities of Exxon Mobil Corporation registered in Delaware (“ExxonMobil”). MPNU, is not a party to the SPA and continues to hold its interests, rights and obligations under the NNPC/MPNU JOA.
“There are also some reports that the SPA between ExxonMobil and Seplat Energy has been terminated.
“Seplat Energy confirms that no event of termination has occurred, and the SPA remains valid and subsisting.”
Onwuka said Seplat Energy was a compliant company and would continue to follow the laws of the Federal Republic of Nigeria.
IHS Markit, lowered its 2022 and 2023 estimates each by 2.6 million vehicles. The forecaster now expects auto companies to make 81.6 million cars worldwide this year and 88.5 million next year.
“The downside risk is enormous,” Mark Fulthorpe, S&P Global Mobility’s executive director for global production forecasting, said in a statement Wednesday. In the firm’s worst-case scenario, production would be as much as 4 million vehicles below its earlier projections for each year.
S&P Global Mobility cites the effect that Russia’s war is having on the prices of energy and raw materials, expectation for the semiconductor shortage to worsen and disruptions to the flow of wire harnesses from Ukraine. Suppliers may have issues sourcing neon gas used for chip-making from Ukraine, as well as palladium from Russia. The platinum group metal is a base element of catalytic converters, which turn engine exhaust into less-toxic emissions.
China’s outbreak of Covid-19 cases is also leading to plant closures in manufacturing hubs including Shenzhen and Changchun. Toyota Motor Corp., Volkswagen Group and Tesla Inc. are among the companies that had idled factories.
If China shuts down for any length of time this could have major effects covering several areas including supply chains, I believe they favour a no transmission model of control, if you watch Dr Campbell on YouTube you will know this is impossible with our current variant.
With the news that's arrived we are in a good place which will only get better if we can keep clear of mishaps and setbacks which in mining is always possible and sometimes unavoidable, so providing we keep to the plan I am happy to add at these levels, safe haven status being confirmed with the worlds current ills.
One minor point could be confusion with Thor Mining another aim stock for the unaware we could be mistaken at first glance as us.
Once revenues start to hit the balance sheet and profitability is shown to be significant, cash distributed to further our areas of interest in drilling to prove up the resources here and in Senegal I feel sure interest will come from other investors especially when the brokers start to get the message out via interviews and business reviews to spread awareness.
As things stand we are still not as well known as the other gold miners listed on the lse, a healthy balance sheet should attract more interest.
VSA Capital morning miner reported zircon prices are flying at the moment amongst the usual round up of daily mining news.
VSA Capital morning miner reported zircon prices are flying at the moment amongst the usual round up of daily mining news.
With copper prices tipped to trend sideways before moving upwards the price action here looks suspicious, we know about high electricity prices and oil/diesel increases is there something more?
Even if production is reduced as a trade off against electricity use ATYM should still be sitting pretty.
Once the refinery is fully open for business this problem is only going one way conflict, we have a government cash starved of $ heavy investment in a refinery which is being prevented from being fully operational.
Until now it has been easy to talk as a resolution isn't critical but now time is running out and at some point in near future this needs to be settled. It's obvious that with a high oil price Peru as an oil dependant nation can change its reliance on outside influence and determine its own future while generating wealth it's going to do what it has to do to secure the generation of the much needed $ the military will step in as it's of national importance imo.
Hopefully it won't come to this and government can deliver on promises made to the satisfaction of all, with the disgruntled parties backing off, PTAL for its part I am sure has the support of the locals as it is backing it's words with actions which the community can see.
Pull backs like those seen today are a buying opportunity imo this operation has been seriously de-risked by the proving of the plant and operation throughput, how many times have you seen or been in in other companies when the plant doesn't function to spec has to be modified production reduced to minimum rates or stopped altogether while rectifications can be done, with months of lost time.
None of that here we are operating as per design specification on time on budget and with a high gold price.
With markets all over place recently who knows why someone would sell here and now while prospects are superb for us going forward unless they had to.
Russian GDP is approx half that of the UK and I assume oil/gas and grains make up a fair proportion of that combined with other mining commodities, mineral sands not being mined at a significant level 2% if at all. Ukraine contributes about 5% of global supply which some will be disrupted.
All in all this conflict sad as it is imo won't effect mineral sands as much as grains or oil/gas.
Great RNS, this is what the market needed to hear well done Segan.
Segilola Gold Mine in Nigeria continued to perform at budget and above design capacity without any unplanned stoppages in the month of February. Total gold production for the month was 7,082 ounces with regular gold exports occurring throughout.
Throw in that the plant is exceeding design capacity consistently and they expect to meet the years guidance I would of thought that's speak for will probably exceed guidance.
Good to see us ticking up decent rise in Canada on Friday be interesting to see what happens today.
Commodities are going crazy at present oil, copper, nickel, pgms while mineral sands demand is robust this is not being reflected in our sp at some point this will change.
Although the general market is getting a battering some rises are staggering in commodity stocks.
This deal seems to follow the pattern JSE are doing with their Maari acquisition by the time that completes it will cost nothing plus a cheque to boot.
So hopefully if I have understood the deal correctly we will get some financial benefit off the agreed price for taking responsibility and running the assets until legally ours.
Today has been a poor day for the market pleased KMR has bucked the general trend however I note we are still lower than my last post on Wednesday, I suppose we can't have it all.