The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The number of active rigs in USA & Canada are both up this week.
W is used in drill bits etc.
Higher W demand leads to higher W prices in due course.
https://www.voxzzzzzzzzzzzzmarkets.co.uk/articles/hummingbird-agm-q-a-467074c/
remove the zs
Most AIM stocks have that statement.
Essentially it means that they do not have to offer shares to shareholders should management decide to do a placing.
It doesn't necessarily mean that there will be a placing.
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers boast more than 100 additional rigs this year.
The oil rig count rose by 8 this week to 373. The number of gas rigs increased by 1 and now sits at 97. The number of miscellaneous rigs stayed the same.
In the week prior, the U.S. oil and gas rig count increased by 5.
The total number of active oil and gas drilling rigs in the U.S. is now 204 more than this time last year.
Canada’s overall rig count increased this week as well, by 24. Oil and gas rigs in Canada now sit at 117 active rigs, up 100 on the year.
Should have a steady increase on W demand/price.
Grist to the (Jig&) Mill
Thought I was correct:
"Mr Masterman was obliged to wait until the publication of annual results for the year ended 31 December 2020 as well as the subsequent announcement of progress in dewatering La Parrilla of 16 June 2021 before being able to subscribe for shares."
Photo and video will be posted today. Can’t get the drone up at the moment but will do as soon as we have a pilot!
Today's RNS id price sensitive IMV.
AIM Rule 21 – AIM Rule 21 previously imposed a requirement on AIM companies to ensure that, except in certain limited circumstances, directors and applicable employees did not deal in the company’s securities during a close period. A close period was defined as the period of 60 days immediately prior to the release of the company’s annual accounts, the period from the relevant financial period end up to and including the time of the publication of half-yearly results (if relevant) and 30 days prior to the release of quarterly results (if relevant), as well as any other time that the company was in possession of unpublished price sensitive information.
As a result of the implementation of MAR, AIM Rule 21 was replaced by a requirement for AIM-listed companies to implement a share dealing policy which complies with a set of minimum requirements. The definition of a close period (redefined as a ‘closed period’) was also amended to be the 30 days prior to the release of financial results. The restrictions on dealing while in possession of unpublished price sensitive information remain.
Note: The restrictions on dealing while in possession of unpublished price sensitive information remain.
and today 16th June we have an RNS which means until today's RNS announcement WRES were in a closed period.
and now 8.006-8.18p
actual spread 8.006- 8.06
offered 8p for dummy 40k shares buy.
Had to go to market for dummy 5k shares sell.
So I'm assuming the 8p trades are buys.
Agree holding via placing @ 8p.
Notification on 21/5 same day as trading in placing shares commences.
Can still buy at the placing price.
So 150 tonnes gives us about $2.25m.
bridge we receive about $15000/tonne for 70% concentrate and about the same per tonne for Sn 50% concentrate.
Any of you disclosing if you are Graeme, Charles or Bilek?