Member Info for raxfactor

The Company announces that the Bayford Group, a PCA to Jonathan Turner, Non-Executive Director, purchased 250,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 36p per share on 6 January 2021.

Following these purchases, the Bayford Group and its connected parties (controlled by Jonathan Turner) are beneficially interested in 32,673,981 Ordinary Shares, representing approximately 14.7 per cent. of the Company's issued share capital.

Not forgetting Stephen Gutteridge nominal 25k share purchase late on Wednesday, nice to see them backing the company.

KMR are tweeting the presentation video from 2018, it's still a nice watch to go with TiO prices.

https://youtu.be/FFHHPyKfuoE

This article although not referring directly to copper but mining in general could of been entitled CAML a well run company.

The prudent financial policies that many companies adopted in response to the last major downturn in 2014-2016 have stood them in good stead in 2020. These policies including limits on debt and leverage, as well as shareholder distributions are likely to remain a credit strength in 2021. The strong iron ore prices and elevated gold prices during the current global downturn mean that this year’s severe global economic recession hasn’t been a harsh test for most producers of those commodities, or their financial policies. The majority of large and midsize companies entered the recession with very healthy balance sheets, limited capex commitments, and flexible dividend policies. Even though these companies didn’t need to change their short-term objectives, some took the opportunity to reduce their spending and waive dividend payments. This resilient performance was not the case for many smaller, less diversified companies, those without exposure to iron ore or gold, and particularly downstream companies. Here, cash flows and credit ratios deteriorated due to the pandemic.

State company Petroperu remains on target to finish up an expansion of its 62,000 b/d Talara refinery to 90,000 b/d by late 2021, having lined up financing from a $2 billion bond sale and a $600 million loan from Spain's export credit agency Cesce.

The company is also looking to award an $800 million repair contract for its aging pipeline, built in the 1970s and further damaged by community protests in 2020. The repeated shutdowns of the pipeline and oil fields in the Maranon Basin mean Talara will need to import more crude, according to Cesar Gutierrez, a consultant and former CEO of Petroperu.

Petroperu's third-quarter domestic fuel sales climbed to 124,500 b/d from 123,800 b/d a year ago, while exports dropped to 13,000 b/d from 21,100 b/d a year earlier.

The company slashed crude purchases to 35,800 b/d in the third quarter from 84,100 b/d a year earlier, while refined gasoline purchases rose to 76,600 b/d from 63,000 b/d.

Peru imports the bulk of its refined products from the United States, but has diversified its crude purchases. Since the middle of 2020, Peru has imported crude primarily from the United States, Ecuador and Brazil, Kpler data shows.

Pleased the bod has looked at the offer and considered the merits and decided no its not beneficial enough to us.
The potential is here its why others keep having a look, if they are serious the offers will come along at a higher level, if not we are well placed to make a success of this business alone.

The demand for electrical power is going to increase this year as business growth continues, OPG set to benefit.
https://www.ndtv.com/business/energy-demand-in-india-to-grow-6-7-in-next-financial-year-report-2348701

What a laugh, the nation grid is creaking with threats of blackouts due our relying on renewables, with nuclear and gas at the minute trying to fill the void.
It's a good job we are still on speaking terms with the Frenchies or they might just cut us off.

https://www.bloomberg.com/news/articles/2021-01-06/u-k-electricity-grid-creaks-under-repeated-winter-pressure?utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business

Good to see copper prices inching upwards again today you have to go back to 2013 to see these highs, but its not all plain sailing for producers especially in South America as there are now problems in Peru for one of the worlds top miners.

https://www.reuters.com/article/us-peru-copper-bambas/protest-blocks-530-million-worth-of-copper-from-mmgs-peru-mine-association-idUSKBN28Y0EY?rpc=401&

https://www.fulcrum.co.uk/news/2021/fulcrum-charges-ahead-with-expansion-of-ev-charging-business-development-team-to-meet-increased-demand/
Pressed the post message instead of link, its hard work with only one brain cell.

Not forgetting this recruitment earlier

Its certainly a changing of the guard, don't think we will ever get know the real reasons why, Mr Harris did a good job of sorting the accounts out if I recall correctly from memory, when they were delayed for some time.
It makes me wonder if they promote increase in salary, and then thank you for your services nice goodbye check to get a new person in who will follow the behind the scenes directive and controlling force.

https://www.insidermedia.com/news/yorkshire/fulcrum-chief-executive-steps-down

MT has posted lots of good detailed articles here and elsewhere well researched with prices and estimations and I am pleased that he chooses to share this information with us here instead of keeping it to himself, I always read his posts with interest and look forward to reading more and appreciate the time and effort he puts in.
Good luck to all invested here.

There are no other words to describe this other than WOW, credit must go to all over in Ukraine it is not by chance that FXPO are showing very strong cash generation, but years of investment in the mine, people and technology.

Hi Visitor,
I am in agreement with your view its as though THS is a pure Platinum and Chrome play, still the advantage of such a flawed update from Questor is that many investors are still unaware of the story here and the huge progress made, most will have just passed on bye, until the next figures are released when more publicity will come THS way.

Just noticed this posting from Questor Dec 28th and in it he refers to first time he ran the rule over THS just over 4 years ago, I read that original post and watched in dismay as shortly after it shot up to 120p ish, ship sailed and I missed it.
However things didn't go so well for 3+ years and it has taken all this time to get back to those levels, it did have a silver lining because of that article I stumbled across SLP.
So perhaps the sp action that has occurred here is well overdue, with the transition from contracted mine workers to part of the business along the way.
Well done to any LTH who have stuck it out and are now being rewarded.

https://uk.finance.yahoo.com/news/questor-does-platinum-price-tell-145143408.html

Gas is certainly the commodity of choice for power generation to back up solar and wind which is unpredictable, gas fired power stations have the ability to turned on and off at the flick of a switch, which is necessary when the sun doesn't shine or as today the wind is still.
Gas is a major component of the green revolution, others will be watching our growing revenue and cash pile thinking this is a good opportunity to snap up a bargain, hopefully when our next figures are released and the market digest's the detail we will get some recognition before being taken out on the cheap.

His past performance is unquestioned, I was also in RRE what I find interesting is the dedicated following he has who without knowledge of what he is looking at have enough faith in him to buy a stake in his latest venture.
I like your point that it might not be oil or gas, because the position he was in at RRE
was perfect for greater expansion and leverage of assets into something greater.
So as you have alluded to I sense a change of direction could it be renewables?

Not so good for South Korea oil refineries who made significant losses last year even though the oil price recovered from its lows this price rebound didn't find its way into refining costs.

https://www.bna.bh/en/SouthKoreanoilrefinerslossesestimatedat4.6billionin2020.aspx?cms=q8FmFJgiscL2fwIzON1%2bDqyPSR9hzFw5foHbrIk%2bR%2bM%3d

Ah KIST, twitter is alive with the sound of the twitterati spreading the word about the Messiah of the oil and world Andrew Austin and how he will turn his £34m into billions ........
er wait a minute do we have near £100m stuffed down the back the sofa?
While AA was selling off RWE were we scouting the market along with everybody else looking for a suitable acquisition, so while AA is a little late at the party he is somehow going to pick up the jewel of the north sea that all and sundry has been looking for but not yet found, and with considerably less cash, because it will be given to him on a silver platter.
I have a feeling he won't be as successful this time round.
Perhaps he isn't even looking there I'll laugh if he ends up in Egypt and Italy.

This article is preaching a pull back in copper prices in the short term after the meteoric rise this year, I don't this will be a major concern for CAML as we strive to be cash positive next year.
With continued expansion of wind turbines and thousands of miles of infrastructure for electric charging points in developed countries and building and construction there will still be significant demand.
Chile the worlds top exporter output dropped 1.7% year on year in November as the pandemic woes continued.
Also I note the use of the word "may" as in China may switch from infrastructure to consumer demand stimulus. The main bone of contention seems to be a continued rise is unsustainable fair enough I would be more than happy if copper was to stay around the levels currently achieved, and so would CAML with their low cost production of all their metals not just a copper.

https://www.brecorder.com/news/40046222/top-lme-performer-copper-dips-on-hazy-new-year-outlook