Member Info for raxfactor

Rightly or wrongly I've done the same after promising myself I wouldn't until the political landscape changed, hopefully the company will make moves for production outside the UK as I see it that's the only opportunity for the sp to reflect the business.

Got to admit I am in agreement with comments on your x feed, buybacks stopped, as every penny should be saved either for acquisitions outside the UK or a merger if possible, I am not a buyback fan anyway seems to me throwing hard earned cash away just to raise eps while lowering the mcap of the company if the shares are cancelled.

Can't disagree with your statement however I decided to take some profit, for some reason be it location company doesn't seem to get the recognition it deserves.

Be interesting to what happens to commodity prices in the short term, over the weekend there has been plenty coverage regarding demand in the future but what's going happen now.

Some of you might of seen this but it is the first article I have seen which is written by the press.

Came out yesterday.

https://www.addtoany.com/share#url=https%3A%2F%2Fthewillnews.com%2Fnnpcl-backtracks-signs-exxonmobil-seplat-energy-deal%2F&title=NNPCL%20Backtracks%2C%20Signs%20ExxonMobil%2FSeplat%20Energy%20Deal

Plus it goes without saying of course it's the Nigerian press.

Just looking in on today's posts it's crazy how far Sepl must be under investors radar, only 12 posts today on the back of such monumental news for the company and double digit rises two days on the trot and no one has picked the news up in my opinion, I know we haven't had a rns for reasons stated in comments below but I thought we would of had a rush of new commentary, but no.

Very pleased management have finally got this deal over the line, it all seems a long time ago when the deal was first mooted, then all the shenanigans with court cases against Roger Brown which had to fought and defeated, bet the management team will be celebrating tonight, and so will I.

The oak bloke has put out this article today

Stellar review of Ths versus the rest with ths coming out on top, all areas of the business are looked at well worth your time to read.

https://open.substack.com/pub/theoakbloke/p/ths-might-be-a-good-time-for-ths?utm_source=share&utm_medium=android&r=5hab1

Interesting commentary about pgms in general worldwide, situation in SA, plus a mention on how load shedding is improving with private business help and government partnerships which also applies to the rail network which is used in Chrome transportation.

All the usual topics mentioned ice vehicles, hydrogen etc.

https://youtu.be/47-_OnRmSwc?si=dy6BkiMZ43ZL8XYi

Article seven takeaways from Sepl agm, good to see us getting exposure in the Nigerian press, pity there doesn't seem to much from UK outlets maybe ir could do more to ensure Sepl profile gets more exposure here in the UK.

https://businessday.ng/features/article/7-takeaways-from-seplat-energys-11th-agm/

Mentioned in the AGM but nice to see it picked up and reported on.

https://guardian.ng/business-services/seplat-energy-targets-30-million-yearly-dividend-from-agpc/

Hard to pin down the rise in copper, ev sales seem to be stalling with manufacturers changing tack, property building in China in chaos with the announcement late last week hoping to turn the situation around, there seems to be no shortage copper, however China has some new refineries coming on line and are scrambling for concentrate to refine.

It's good to see lead and zinc prices hitting highs so it's all going well for Caml at present.

I have to agree Rivaldo, CTO is a great business unloved the data centres was what attracted me which to me seemed a good move for the company.

Global copper market participants will descend upon the Chilean capital of Santiago for the annual CESCO Week industry gathering.

https://www.fastmarkets.com/insights/five-key-talking-points-ahead-of-cesco-week-2024/

Copper is trading at its highest since the middle of 2022, up 10% so far this year, fuelled by supply risks and improving demand prospects for metals used in the green energy transition. The main catalyst for copper’s rally is the unexpected tightening in the global mine supply, most notably First Quantum’s mine in Panama, which has removed around 4000,000 tonnes of the metal from the world’s annual supply.

hi sag, you are right, from my previous comments on here you know i don't rate the management however i cut them a bit of slack here, i have a feeling they doing their best to get their house in order by sorting out issues that should of been sorted as a matter of routine.

as you state ithe company is doing just fine in spite of their **** ups year on year, it was a suprise to me that they commented on stronger prices probably to detract from what was in truth a disappointing update.

Yes, good to be reminded of those guidance figures and the current price of oil higher than when we were suspended, nice to see us back trading again.

It should be noted while I didn't expect the market to be overjoyed with the update it is ex dividend date today.

As expected update from Ptal with operations running like clockwork clearly state cash is down due capex and dividends, still healthy cash balance, good that river levels are not an issue currently.

Can we break 50p as Bob says we've been stuck at this level for quite some time.

A bit of a mixed bag, all products down compared to Q423 with many significantly.Last year it was the lightening strike this year it's the rainy season interrupts the power supply, then we have an engine down in RUPS, significant maintenance being done, Zircon circuit problems, Rutile effected by MSP issues.

So they have their problems however production for Q1 was inline with their expectations.

Onto the positives guidance for the year maintained weighed to H2 which is good after this set back, better grades expected and prices look stronger going forward, with that outlook I am happy to sell less product at a lower price now with better production later selling for a higher price.

Bloomberg commentary on copper price and outlook.

https://www.bloomberg.com/news/articles/2024-04-09/copper-trades-near-15-month-high-as-supply-outlook-tightens