Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Sreadex Who took out the 6m CFD is either making or losing a lot of money and the fact that Arcadian has reduced their short to below 0.5% would suggest the latter.
The company should issue a RNS giving an explanation for the huge drop in SP.
No expert, but from my limited knowledge , you bet so much a point , could be £10 £100 £1000 a point but if the share price goes in the wrong direction you have to have sufficient cash in your account to cover the drop or be on hand to add cash to your account
I haven't seen it done on any shares that I have held but I do know of a investor who remortgaged his flat to place a spread bet on what he thought to be a sure bet.Went out to lunch one day,returned home to find out that he had been close out because there wasn't enough cash in his account to cover a large drop in the share price. The irony was that the share price ended up on the day.
SPREADEX LTD. Have opened a 6.013 million spreadbet on CWR Shares and QUBE have reduced their short by 0.16% Looks as though there is something happening behind the scenes.
Mr profit
Shorts have now decreased from 4 to 2 and 2.25 % to1.35% in fact it could be settling of the shorts that is sending the price higher.
I don't subscribe to to the premium service but any news that drops the price by 37p 9,6% should be issued through the RNS Service for the benefit of all shareholders.
© Provided by The Guardian
Controversial UK government aspirations to replace gas boilers in some homes with a hydrogen-based alternative are likely to be scrapped, Grant Shapps, the energy minister, has indicated.
Shapps said he believed hydrogen would form part of Britain’s overall energy mix but predicted it was “less likely” that the gas would be routinely piped into people’s homes, as concerns grow about cost, safety and perpetuating a reliance on fossil fuels.
Trials have been underway as part of a government move to phase out natural gas boilers by 2035 amid a broader effort to decarbonise domestic heating, which accounts for about 17% of the UK’s greenhouse gas emissions
Anet zero trial of hydrogen heating systems in a town near Liverpool has been scrapped after locals pushed back in favour of gas boilers and heat pumps.
Aston Martin changing over to EV's, looks like the H2 option is being left behind.
If the FPSO remains on station then will be a good indication that Well 6 is still producing.
I hope the deteriorating relationship between the West and China, is not affecting the progress of the deal being signed,
Petrolantic still appears to be hove-too in the vicinity of the FPSO, it looks as though the weather is preventing hook up with winds SW38 Knots.
Apologise if already mentioned but Petrolantic appears to be at Lancaster for the next lift.
Having an established Cameroon oil & gas producer as a operator/partner with FSPO vessels in the area must have many advantages.
If I remember correctly one of the options was to use the LING Plant on Bioko Island but I don't think the Cameroon Government were to enthusiastic about it. I think at one stage Cameroon government held talks with the New Guinea government but I don't know what the outcome was.
If their was a disagreement then the fact that Perenco has its own infrastructure all within Cameroon must be a huge bonus with alterative and more cost effected options to consider.
We don't know what Perenco paid for the New Age stake but Oil & Gas prices being what the are I can't see them sitting on it for to long.
7
The only caveat I would like to add to the above post is that with volumes being so low it leaves the SP open to manipulation for a P & D, so hopefully any increase in Volumes and SP will be accompanied with news.
Present trading seems to indicate PI's doing the trading.
The next vote of confidence will be when the big boys join the party, which should be made apparent with a rise in volumes and SP.
T0 add to the post below.
Active in Cameroon since 1993, Perenco operates in the Rio del Rey and Douala basins, with its production last year averaging about 100,000 barrels of oil equivalent per day.
Etinde lies at least 20 kilometres southeast of Perenco’s producing fields in the Rio del Ray basin and some 160 kilometres northwest of its Hilli Episeyo FLNG facility which it charters from Golar LNG.
Will Perenco be satisfied to have an equal share of Entinde with Lukoil while it is operator and will probably be using some of its own infrastructure.?
It has several wells in the same basin and a line going down to Kribi offshore LING Plant, I would imagine they would want full control of the project with a bigger share of the voting rights which could make BLVN'S 25% attractive to Perenco or even Lukoil.
5
I'm viewing the latest RNS as another one of the ducks lined up, still a few more to join the parade.