The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Probably a bit more useful is the company's official video from a couple of weeks ago ;)
https://www.youtube.com/watch?v=M-9eQaDwF4s
Actually ignore that. May have the wrong place :p
You'll need to copy the second link as text into a browser as LSE breaks it.
https://goo.gl/maps/SNgcEAewxUYedee39
https://earth.google.com/web/search/-15.176795,+-47.742726/
Either of those any good to you or the same?
(doesn't give date so can't tell if it's what you're looking at)
There’s undoubtedly been a rush to chuck money into all green/ESG stuff no matter how good.
There will undoubtedly now be a rush to secure non-Russian hydrocarbon production in the short term.
It doesn’t however change the EV revolution which will continue regardless as manufacturers are ramping this up at pace (and will help with the weening off Russian oil).
So what you say is true but really the EV revolution currently has a new reason for being even more important.
Guess this explains the relatively inexplicable strength here in comparison to the gold price (not being negative - just traditionally it's followed gold a lot more closely - up or down).
Ultralight volume.
The BoD really should pay a few quid to some well connected brokers to start pushing the story. The valuation is crazy and in the right sector to appeal to many (for obvious reasons).
An RNS or tweet alone just doesn’t cut it.
Janus1 - and this why most of us don’t bother to post here. Only takes one Tommy tit to ruin a board…so it’s best to remember:
https://cdn.road.cc/sites/default/files/styles/main_width/public/arguing-with-idiotsis-like-playing-chess-with-a-pigeon-no-14033992.png
KRSS - exactly. Just look at all the major car manufacturers coming on stream with EVs. Also good to see Ford doing well with sales of its “nickel truck” as the Tesla types like to call it (or the F-150 for more normal types). Although it’s nickel usage is heavy so the cheesy moniker is at least somewhat informative.
Flibbles - Standard tactic when someone knows they’re on the wrong side in a discussion. Change it into something different and argue about that instead of what was being discussed ;) At least I now know he’s best ignored!
Knew it was a long shot for these boards when saying I’d agree to disagree. A group of cretins will always try to browbeat you into saying they’re right. No change there then.
TDT you are still completely missing the point. I give up. If you can’t see any similarity in the price graphs of metals over the past couple of years you’re blind. Not going to reply further as it’s clearly a waste of time.
TDT2 - I do and I don’t agree with what your logic or conclusions as I said. Even if I did agree, which I don’t, it would be a unbelievable coincidence that the same pricing was happening across all metals. It’s obviously not a coincidence and it’s obviously not just limited to nickel.
Instead of just saying “you just don’t understand” try to think a bit deeper.
TDT - as I say, this isn't a nickel issue, it's a commodities issue across the board, so I don't agree with your logic/conclusion(s), but that's fine, we can agree to disagree ;)
In simpler terms, I like to think of it like a builders merchant, where they might have a stock of items that's dwindling, but that's not so much a problem for the price in the short term, but when things get low or run out prices often rise (and can itself spark its own rush to secure supply).
To quote another site on the subject:
"Previously, low stocks in LME registered warehouses were not a concern because of high off-exchange inventories. But this time those stocks too are scarce, analysts say.
“We are moving into a period of metal scarcity, not seen since 2004-2006, volatility will be higher,” said Jay Tatum Portfolio manager at Valent Asset Management. “Until we see inventories come back, there will be a scarcity premium.”"
and
"HOW LOW ARE LME STOCKS?
Overall stocks in LME warehouses have fallen below 900,000 tonnes from levels above two million tonnes in January 2021.
Copper stocks at 154,650 tonnes are up from levels below 70,000 tonnes in March. But cancelled warrants — metal earmarked for delivery — at 40% of the total indicate more metal is due to leave the LME system.
Aluminium stocks are at 21-year lows of 465,700 tonnes and cancelled warrants at 59% of the total, while for zinc, cancelled warrants stand at 48% of total stocks at 84,700 tonnes.
“Inventories of most metals have declined, which has raised the risk of extreme volatility,” said Bank of America analyst Michael Widmer. “This is visible in zinc at present.”"
I don't follow/agree with your logic TDT.
Not knowing the class 2 supply/demand balance doesn't detract from, or negate, the fact stocks are falling along with the price.
Class 2 isn't disproportionately dominant anyway and isn't far off 50/50 split (46/54 I think last article I saw).
This isn't just a Nickel thing anyway, explained by classes of metal, it's a commodities thing as a whole:
https://www.reuters.com/markets/commodities/collapsing-metal-inventories-clash-with-plunging-prices-2022-07-13/
This article speculates on reasons but doesn't reach any conclusions, as it could just be paper trading disconnected from reality, could be moves away from the exchange, could be the logistics issues, etc.
I maintain my view it's odd and clearly it's physically impossible for the trend to continue as you can't get negative physical stocks...
http://www.kitcometals.com/charts/nickel_historical_large.html
Bottom half of this do you?
(One of the weird things about the market - currently physical stocks are dwindling yet the price is too - smacks of baseless financial trading not reflecting reality)
:) but that’s not what Google said…
Dear me. It’s like trying to talk numbers with Diane Abbott.