Member Info for raxfactor

What's even more interesting is the link to France and our dependence on them and their nuclear surplus which we take to supplement our own supply.
Be interesting if they cut us off in the brexit negotiations lol, bring back coal or switch off the lights.

This is a great web page to monitor electricity demand for the UK and in what percentage is being generated by a particular method.
Very interesting of late with recent windless days the wind farms are producing bugger all and solar similar, however it's a bit brighter today.
So guess what gas to the rescue to fill the void.

http://gridwatch.templar.co.uk

Although the sp movement has been disappointing to say the least the bank balance is sound, and come next year growth will come with the projects lined up.
A quick look round the FTSE and the number of companies raising cash is significant just to avoid breaking banking covenants, and get the debt/ebitda ratio lower.
Some i have seen are just under 3 and they think they have done well and the future's bright.
Thankfully SQZ is not in that position, and when our figures are released perhaps the market will forgive our 45 day hiatus earlier this year.
I know many companies have seen good rises in the recent rally, but based on what?
Potential maybe, actual proven results definitely not, personally I think its a mirage, its not real, but SQZ bank balance is real its what all the others are seeking, patience will win out in the end.

China consumes 51% of the worlds copper and strong demand from them is underpinning the recent rise.
All good news for CAML even though our sp is significantly lagging coppers rise once the market sees the increased prices for all our metals reflected in the balance sheet I can't see how we can be denied recognition and finally start to reach for new highs, its just a matter of time and patience.

https://invezz.com/news/2020/12/07/copper-prices-overbought-strong-chinese-data/

A well worded and reasoned response from our BOD in plain English you are trying to get a bargain, and we are having non of it, come back with realistic offers and we'll talk about it.

I like to follow maneco64 on YouTube for his economic views on fiat currency, Gold, Banksters and precious metals this is the first time he has ever mentioned Platinum.
Do you like Mont Blanc pens as an investment ?

https://m.youtube.com/watch?v=gOR-5cwbyBk

Asia demand roofing, not my words but in the article towards end, just what JSE wants to hear.
https://www.bloomberg.com/amp/news/articles/2020-12-03/oil-set-for-fifth-weekly-advance-after-opec-compromise-deal?sref=866aH6XX&__twitter_impression=true

Excellent update today
Net cash $82.6m, Maari 69% acquisition to complete H1 2021 so will now probably cost nothing due to the effective date being Jan 1st 2019, Indonesia acquisition to close Q1 2021, Vietnam Nam Du/U Minh gas fields ongoing, preparing to tender for FPSO suggest closure is near.
Stag premium to Brent $9.2.
Production on track 11k - 12.5k bbls/d.
In the market for M&A opportunities in the next 12 months subject to JSE strict acquisition criteria.
With OPEC more or less maintaining the status quo yesterday, and reviewing the situation monthly JSE are in a excellent position having seen out the very low oil price environment and are happly turning a profit within it, and will do even better at $50 and beyond.

In the end FCRM will have to deliver on their promises, if they are successful it will be reflected in the balance sheet.
That's what I am looking at, I am happy to give them the benefit of the doubt at the moment, the change of strategy to selling the assets was a good move as it didn't work out as planned.
The balance sheet is not loaded with debt, so we have a chance.
The issues with the EU prevented progression with our acquisition of Dunamis, then covid strikes, so the potential there has not been fully realised, I am pleased they are not reporting a substantial loss, and seem to be positioned for growth if we can get back to some form of normality.
Although that's likely to be spring and beyond.
Bayford offers a safety net of sorts, our money could of been in harder hit industries like travel etc or in better places like commodities PGM's.

So you are complaining that in the middle of a mis managed pandemic which has hamstrung most of the UK economy and bankrupted many standing still is unacceptable.
The banking facilities they have in place may be used for investment purposes if their cashflow can't cover their needs we will have to wait and see what actually happens.

The following statement from the results continues to support the sp going forward

There is approximately £27 million still to be received from ESP, the majority of which will be received over the next two to three years. Future biannual transfer dates have now been agreed with ESP (November and May each year) giving the Group enhanced visibility over the timing of future cashflow receipts.

Positive reaction to the release today, looking good for next year.

https://m.independent.ie/business/irish/kenmare-mining-production-from-wet-concentrator-plant-b-in-line-with-expectations-39820982.html

Interim report containing a more upbeat view of events, not bad in my opinion when other companies are taking on debt and downsizing just to survive this pandemic.
Order book nearing 10% increase, and more importantly moving away from purchasing and owning our built assets after completion.
The smart metering installation contracts and vehicle charge points offer some alternative routes for growth.
With Bayford still in the background who knows their intended endgame, market response seems reasonably happy slightly up.

https://www.insidermedia.com/news/yorkshire/fulcrum-maintains-revenues-despite-pandemic-impact

Amazing momentum from the lows of mid March, long may it continue and with pellet prices as they are FXPO I am sure will do it's best to satisfy the demand.

The CEO's message says it all really, strengthening of the balance sheet never a bad thing but at times like these very reassuring.

Daren Harris, CEO, said:

"I am very pleased to confirm the successful completion of the second tranche of the asset sale to ESP. The current and future proceeds from the sale support our strategic growth ambitions and provide us with additional financial strength to capitalise on the significant and long-term opportunities that a net-zero future present to the Group."

Fantastic update today, and going forwards things are looking bright providing India doesn't go into another lockdown, however with India going into their summer period I expect the situation to settle there as it did in our summer here.
The following statement caught my eye.
As the restrictions were eased, power consumption has gradually increased, during September 2020 power consumption started to grow and increased by 4.6 per cent more than the corresponding month last year and in October 2020 country wide consumption grew by 13.4 per cent.
Looks like India is on the rebound.

This article will make pleasant reading for those of us invested here, perhaps it may persuade a few more investors to have a dabble here.

https://m.uk.investing.com/analysis/the-opg-power-ventures-share-price--is-the-market-missing-something-200450327#

Nice to see the rebound in sp today, but I would like to think we are still well short of fair value.

I wonder if they sent the heavy mob round to these customers and made them an offer they couldn't refuse?
It doesn't matter how they got them to pay, they have paid for power we supplied and we now have the cash to ease our financial burden.
Excellent unexpected news.

Reassuring update in my book, after all the turmoil this year has brought revenue to exceed $100m, market reaction very muted, now if that had been the revenue of pharma comp linked to a vaccine we would be crushed by the onrushing herd.
Some things just defy logic.