Member Info for rossannan

It seems to me that the local politicians have problems with a concern like TRIN making significant profits. Hence the stumbling and stuttering progress on tax reform. The optics of letting the dog see the rabbit clearly make them uneasy. Yet in limiting the profits that TRIN can make, they limit their own tax take. Very short sighted.

Talk is cheap. Sounds to me like a can being kicked down the road. Something concrete on the expiry of the onshore SPT concession would have been a timely gesture of good faith. Might have whetted the appetite of the industry for the promised review. Uncertainty is the last thing it needs.

Yes. I have said before that extension (time wise) of the onshore concession is something they can at least reasonably hope for, but they will be very lucky indeed to get more than that and need to watch out for tricks like adjusting the losses allowable for PPT (used to be 100%, currently 75%, could be 50% shortly - you never know). My bet is that Jeremy’s offshore SPT hopes will prove ill-founded.

Yes.

ab76

And yet the cash pile did not increase significantly over H1.

Of course they are hopeful of further SPT reform. Doesn’t mean they’d bet on it. Jeremy seemed pretty clear in the previous presentation that the offshore situation is unlikely to change anytime soon.

LuckCounts

“on track for the fourth quarter 2021”

Anything is possible, but surely past performance (Heritage’s more than TRIN’s) makes it more likely than not that Q4 2021 with become Q1 2022 (at best).

If this is re-rating, it ain’t half bucking the trend!

expru2000

Do we really want to play with a tin mine?

I remain a very happy holder. Very good chance of a massive payday for the patient. The only niggle is the possibility of the now sidelined OMI BoD coming up with wheezes to keep themselves busy in the meantime, wheezes that don’t add value and dilute us further. I would be happy for them to pretty much shut up shop and just wait for our ship to come in.

Great news.

Fingers crossed for some news on this any day now - it is what we were led to expect.

No volume!

With luck we should be back in the 16s in the near future, putting July’s trauma behind us.

Hard to see why we should be happy. At least this news explains recent price erosion and is now out there. But the shine has definitely come off UOG of late.

So glad SHG resigned from the “one country” club. Onwards and upwards.

Felt a rerate was due but then stalled with the election result. Those worries do now seem to be receding…

is an interesting chart - over the last 6 months TRIN seems to have decoupled from WTI to the upside on three distinct occasions before falling back into line. A fourth such move seems to be underway - the question is whether the coming update will confirm or quash this move.

The Rio Tinto rumour could just be the creation of a pump tweet and the interims delay could hide something ominous. Or not, in each case. This now feels distinctly binary. Where the balance of risk and reward lies is really anyone’s guess. Hanging on in here though.

moniman

“It’s a bit like Boy Bands…”

Let’s match them up:

ORPH = Gary
POLB = Jason
Imutex = Howard
PrEP = Mark
DIM = Robbie

In other words, DIM is the firecracker…

Yes, if you can live with the obvious and arguably priced-in risks, what’s not to like here with gold currently in the $1820s?