George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Can anyone recommend a broker that deals with SA witholding tax properly?
. . . have you checked out 3 month coal contract prices . . . looking very, very tasty . . .
@SCB
Aren’t you still on holibobs old chap.
Suggest that you read the IEA coal report for 2023 as a little light entertainment
https://www.iea.org/news/global-coal-demand-set-to-remain-at-record-levels-in-2023#
You have to have a little re think, but don’t stress yourself too much, I know thinking can be quite demanding for you. As opposed to baselessly shouting about how the SP will fall off a cliff with no facts or justification.
640+ at the moment . . . Soon to be 800+ . . . ?
Newcastle coal futures went up to nearly $150 per tonne, the highest in almost three months driven by rising demand from China and an uptick in natural gas prices due to possible strikes at Australian LNG facilities. China's coal imports soared 67% yoy in July and are up 86% since the start of the year due to rising thermal power demand amid a shortage of hydropower generation. Nonetheless, it's worth noting that China's coal demand for the summer season appears to have reached its peak, as temperatures usually begin to decline from mid-August. Despite this, there is potential for increased demand from the industrial sector in the upcoming months, spurred by Beijing's commitment to implementing additional stimulus policies to support the economy. Meanwhile, China's average daily coal production declined to a nine-month low due to intensified safety inspections and temporary closures of coal mines following two fatal accidents in key coal hub Shanxi in July.
£9 share price is definitely achievable in the short - medium term (2-5 years), if not sooner with luck.
Once the full impact of the Australian production is factored in, and coal prices stabilise around the predicted $130-140 mark, we’ll be off and flying
Cheers
You really need to read IEA report on coal.
It’s not going anywhere. Irrespective of ones views on damage to the climate.
China, India and most of Asia rely almost exclusively on coal for energy production and are building additional coal fired power plants (with much more capacity planned)
So whilst you may wish for coal fired power production to disappear over night, it wont.
Divi stream is strong and long here.
Cheers
LOL - DK really hasn’t a clue.
Like a goldfish - you can tell him something and 3 seconds later he’s forgotten it.
Like “When’s the divi announcement?” “Read the RNS - on the 21st.” then 2 minutes later “When’s the divi announcement?” . . . an utter fool . . .
Just ignore him - it’s like dealing with a 3 year old.
The only all time low that’s going to be hit here @SouthCoastBather is the average IQ of the TGA discussion board - dragged down, kicking and screaming, by your negative contribution . . .
Funny how turds like scb float to the top when the pond is given a good stir by a 10% rise and the prospect of £1 - £1.25 dividend being announced in a few days time . . .
. . . why don’t you pipe down boy and wait for the divi announcement rather than washing this board with your constant bs tales of woe . .
Now stop bleating on about why you’re surprised it hasn’t been announced yet, you moron.
Or you could actually try reading the RNS?
Fool.
A LOT of weird trades going through - 7 x 1 trades, I mean WTAF?
I call the half year divi to be between £1 - £1.25 gross - before UK dividend and withholding tax is applied
The VIX for this share is off the chart. Wondering why. Is it being played?
So, you’re a buyer then eh Shahz?
. . . it could have been a fishing expedition by Market Makers picking up cheap shares by triggering stop losses . . .
Or simply an algo testing the gap . . .
Still holding, waiting for news of improvement in transportation, coal price and how Oz is doing . . .
. . . here’s hoping that they take a bath . . .
Hold tight and watch those stop losses . . .
. . . in homage to the age old favourite - Where’s Wally?
Can you spot Terry? The befuddled muppet troll who loves to malign the management and prospects of many a company can be found in the bowels of LSE furious tapping away?
But it’s no easy task! He goes to ground when proven wrong (which is sadly far too frequently) and excels in displaying a whole load of hindsight without necessarily backing any of his wild claims with any evidence.
A short here, switching to long at the opportune moment there, always one step ahead of the market, never a misplaced trade. . . How does he do it? We all gasp in amazement as he deftly sidesteps a fall in valuations with a nifty little CFD - almost omnipotently placing a long at the foot of the Share Price valley. . .
What an oracle, such talent, oh to be as insightful. . .
Never has so much BS been spouted and smirked at by so many from so few . . .
Tezza - yes, I am talking about you my old mucka
I see that Terry F’wit (of Viz fame) has embarrassed himself monumentally this morning.
Perhaps when he’s gone home and changed his soiled underwear he’ll return a chastened better person . .