Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
It's an eye opener but I suspect it's very politically charged and stretching the truth regarding why construction has gone down to bare bones.
Officially no big shorters. Maybe one or two shorting naked on spreads but I think it's just a narrative device to create a sense of camaraderie amongst those invested.
Fwiw I'm currently neutral I don't have a clue what's happening next. I don't think it's going to zero, but without information on how much is needed I'm staying out. I think some latecomers think I'm bearish because I've called out some blatant ramping BS but that's not the case.
Pros - good resource certainly worth a bit, money might start getting cheaper (also feeds into repayment costs based on libor), surely commodities are due a bump as market rates decrease. Board looks stronger
Cons : still no idea how much is needed, the market can be vipers and the last two raises have been at a discount.
I really hope it works out well for the investors that were here.
Cons
These bankers and directors, are they in the room with you now?
Oh come on, like it's not the biggest amount of BS ever posted on this forum 😂 sweet Jesus.
Morning all, whilst it shapes up to be a miserable day on the markets I thought I'd post this from the Motley fool Oz.
The views contained surprised me
The tldr "There is no oversupply of lithium". Maybe take it with a pinch of salt but an interesting view https://www.fool.com.au/2023/12/27/will-the-lithium-price-surge-in-2024/#:~:text=There%20is%20no%20oversupply&text=%22The%20headlines%20suggest%20that%20demand,or%20near%20an%20inflection%20point.%22
Only a 150% rise needed from here to hit that 20p target. Nearly there.
I'm just curious as to which trade it was.
He said he was buying at 8.
Given the volume you could add millions or remove millions from the market cap using pocket change.
But what has happened to Billy Valentines morning purchase, don't tell me it was so big it'll be coming through after hours!
I pretty much agreed with all of what you've said there Rover, TornadoTonys input interesting as well.
Do I think they could have pulled off some Major deception?, no nothing like it, do I think there is a chance they *could* have sat on some problems, yes. The main people involved, might tell there side of the story once the extra costs are confirmed, but I doubt they will. Shouldn't be too long before we find out what those actual costs are.
Ha, yeah I think you're right.
There's definitely an element of cheeky trolling going on in a few of the posts.
Hi Publican..
Here's what I wrote regarding gross incompetence.
"We don't actually fully know why JM was asked to move aside. It could be a case of gross incompetence or he might have finally thought he was out of his depth and "got out of his own way" arguably something he should have done early on in the build process"
There should be absolutely nothing controversial about that. My point was La Mancha might not even had a choice in the matter, regarding sacking him. I might have my own opinions as to what's truly happened with him being removed but I have kept that to myself. I might also agree with certain other opinions but I'm not going to confirm which ones.
TA
Any talk of legal action on behalf of investors is way to premature , the full facts aren't in the public domain. So a case would be foolish, these cases must be notoriously difficult to win anyway, it's not like AIM isn't full of people misleading investors. I'll not be answering any questions of yours from now on, I've asked you many questions, you've failed to answer. Each time you weasel out by starting a new thread latching onto something else.
TDT.
Know what you mean, I'd much rather read than write. I just got dragged into this as I spat out my morning coffee as somebody decided that the company should have kept JM. I just can't agree , and the defamation point is just silly. TA has a very minority opinion on this. Maybe shared by a club of 2 people.
You want to know who's faceless right now, HZM and the professional pied pipers of finance who've done a merry dance with investors money.
Really Strow.
Read what I wrote and point out why I should be sued for defamation. At worst I said JM was duplicitous regarding telling everyone it was fine. Weeks before the bombshell. If JM wants to refute that, I welcome more information.
Anything else people think I may be guilty of is down to a lack of reading comprehension on the their part
You barrister 😂
Keep the hits coming.
Hahaha seriously.
I've not written anything defamatory you spoon.
I'm guessing you don't know what gross incompetent is then.
Like I said, we don't known the reason. Your passion for JM raises questions.
Finding the play and developing a play are clearly different skills, a lot of investors wanted to give JM a fair crack of the whip because of his success with the former. It didn't work and has cost investors dearly.
I note you didn't respond to me pointing out it's not the first cost increase, nor will you have anything to say about his duplicity saying everything was fine., and still we wait for the report due in "mid q4"
We don't actually fully know why JM was asked to move aside. It could be a case of gross incompetence or he might have finally thought he was out of his depth and "got out of his own way" arguably something he should have done early on in the build process
As for this talk of being invited into the play, HZM needed then investors, it wasn't a charity, I suppose JM not buying any more shares himself was so it could be cheaper right for us, what a superb gesture!
Invest/don't invest your call but enough of the brown nosing, it's putting me off my rice crispies
And it's not the first cost overrun.
Not.imho. just a fact.
I could be preaching to the choir here but it's still an interesting article, I'll bet a few of us are invested in more than one battery metal producer wondering where the boom is https://www.theguardian.com/business/2023/dec/04/europe-miles-behind-race-raw-materials-electric-car-batteries-lithium-cobalt-nickel
Well this is awkward that should read.
"I try *not* to make a habit of finding bottoms" 😳
A few bottom feeders made good money on SSX before Anglo came in. There can be money to be made, but it's a gamble and very hard to call, I try to make a habit of trying to find bottoms.