Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Unless the roof of your car is about the same area of a tennis court then the amount of electricity generated by car-rooftop solar is inconsequential .
Rooftop solar does not require additional space which is good but this is just another gimmick .
The whole "green" arena is populated by engineering , mathematically and scientifically challenged , idealistic , wishful thinking do-gooders who somehow have plenty of spare cash .
That is as good as a feeding call for the sharks and parasites .
Not surprisingly the "green" area is a magnet for charlatans eager to relieve the pigeons of their money .
HM Govt are making as much of a mess of plastics waste as they have made in failing to provide authentic support for shale gas exploration .
I got asked to sign a Geenpiss petition calling for HM Govt to ban non-reusable plastics and refused stating that I thought a ban was knee jerk and not the best solution .
The petition talked about reducing what was going to landfill . Removing plastic from waste streams may actually cause more harder to burn/gasify waste to be landfilled because there will not be so much high calorific value plastic to blend it with .
HM Govt are doing what they think will be popular to an innumerate greentarded electorate rather than carefully considering all the options .
The Opposition in parliament are even more authoritarian and will tend towards a ban rather than a more considered solution .
The country is well and truly Donald Ducked .
Powerhouse are trying to provide real benefits and the politicians and civil society organisations are just virtue signalling .
Norskbear ,
The reason you rarely see trading halts on AIM is because it is an unregulated market which relies on insider trading and corruption for it's lifeblood .
Australians pay more than lip service to financial probity .
Unlike London and UK regulators , Australian regulators generally take a dim view of financial wrong doing .
The obvious thing which Michael Gove would not want shouting from the roof tops has to do with his promotion of academy schools .
The academy schools get given by the local council the freehold of the land on which they sit and are expected to sell it to a company such as the one which Mr Gove is a director of in order to get the capital to fund their startup costs .
They are expected to lease the school back from the private owner of the freehold in perpetuity .
It looks like a scam , a typical tory one at that .
I thought Gove was one of the few honest men in parliament but now I'm not so sure whether he is also a trougher or just guilty of spectacularly bad judgement and conflicts on interest .
Not suggesting for a minute he is on a par with Lord Coe and that Olympics fiasco .
There may be other things to blackmail him with eh Swampy ?
Quite Dunderhead ,
The Leith Hill location was imho always a poor choice and directors of Europa and the j.v. partners deserve criticism for wasting shareholder funds on it .
The fact that Swampy declares he and his band of anti-business terrorists will oppose onshore oil and gas upstream operations regardless of suitability of location shows he's just another fanatical middle class self loather .
He evidently thinks the rest of us should by impressed and subordinate ourselves to members of those mostly parasitic protected professions he names .
To quote George Bernard Shaw ; "All professions are conspiracies against the laity" .
The write up assumes that all the oil could be extracted out of the ground very quickly .
Any serious valuation would have to apply a discount rate to future cash flows , in the following example 8%
i.e. year ones earnings would be valued at 100% , year twos earnings at 100% -8% = 92% of earnings , year threes at 92% of 92% of earnings = 84.64% of earnings , year fours at 92% of 84.64% = 77.87% and so on .
Thus the value of a large field like this is determined more by the rate at which oil can be extracted and the cost of doing so than the amount present .
Either way , if the reservoir is decent and the oil flows half reasonably , RMP;'s value is likely to exceed £300m .
Further appraisal and development could raise that considerably .
The odds are always against success in exploration but I find the risk reward ratio compelling .
Unusual for the ASX to lead AIM in rising share prices .
Could be London brokers and MM's holding it down to get the best deal for their private clients in a placement .
You are right that it is a bull**** market .
It's been really crap for juniors over the past 9 months particularly with every piece of news whether good or bad triggering another sell off .
It's been worst in London but also bad globally .
Innovation has been one of the worst hit areas .
It's sickening that all the Q.E. went into the safest most conservative least innovation securities and Bank reserve capital so the scoundrels could lever it up to puff house prices and indebtedness .
Buying 75th hand blue chip shares might make money but it's not investment , its a form of saving .
When there is no longer a reward for taking risk , society stagnates .
The availability of true risk capital rather than flipper capital must be at an all time low .
A lot of people who have remained strong holders of juniors generally are so fatigued by swimming against the tide of cess that they are deciding enough is enough .
Anybody else noticed that all the contrarians seem to have disappeared over the last couple of years ?
Drop totally overdone and unjustified .
I suspect those parties who expect to participate in private placements have been manipulating the S.P. for the whole of this year .
Things would be better if there was at least a modicum of support from central government but there isn't .
Their brainless knee jerk answer is to attempt to ban plastics , not utilise them .
The E.U.. hasn't helped by miscategorising gasification as incineration . It's just provides more false ammunition for nimby councils which follow directives from Brussels to the letter and greentards to cite against Powerhouse .
Angus deserve credit for handling this correctly , quickly and honourably .
I don't know whether JTP's shares were founders equity or he somehow bought them but as a general comment one is frequently amazed how insiders (in so many cash flow negative AIM companies) end up with such valuable shareholdings .
It might or might not be a red flag but it is certainly a reality check showing the differences between the charmed world inhabited by AIM directors and the world inhabited by ordinary P.I.s .
Yanis2005 ,
It's just like the recent Amber Rudd resignation case .
It's not the original act which gets these arrogant individuals ; it's the deceit and attempted cover-up .
They just end up piling lie upon lie , like thrashing around in quick sand .
I think most agree that Amber Rudd should not have tried to hang on and should have fallen on her sword earlier .
If JTP has any residual honour , he will realise that his game is up and leave before doing further damage to the company .
They need to issue an RNS saying JTP has been sacked with immediate effect and escorted off the premises .
It needs to happen today .
Look at what Andrew Austin's non-recourse loan of shares did to Igas .
J.T.P. cannot be allowed to survive this .
The amount of B/S upstream companies have to go through to go about their business is beyond belief . Look at UKOG . They had to get planning permission from the council to flow a well . Central govt has done sweet f.a. to ease the situation and Corbyn's lot would probably make it completely impossible .
There is a comment on that article in the Yorkshire post where a lady from the Guildhall School of Drama says we will have made the transition to renewables by 2035 . What worries me is that her comment has 12 upticks . So she is not alone in not having a clue . Presumably there are people in Westminster / Whitehall who also believe this magical thinking and have this unfounded belief in technology .
If you read the immediately preceding post from casapinos you will see my reply is relevant . This is where casapinos postulates that "If crude is losing market share in electricity production and in motor vehicles then shipping is an obvious area in which that can continue to sell their product ." My reply makes clear my belief that fossil fuels have long legs in motor vehicle transport . Try reading properly before you sound off at other posters .
It is is going to be three or four decades before the infrastructure is there to enable wide market penetration of electric cars in existing economies . Newly developing economies may be a different matter . For a start , the countries of Europe are generally closing down existing coal and nuclear without having sufficient renewables + storage . They are relying on buying electricity from countries which still have a functioning base load - e.g. Germany and the UK buy surplus nuclear electricity from France . However France (at least before Macron) is closing down it's nukes which will expose German and UK energy "policy" for the virtue signalling sham it is . If the electricity was available , then the grid becomes the next weakest link , even with all the smart charging options . Look at HM Govts stupid ruling that by 2040 all cars will have an electric motor - and not just the ones which roll the windows up and down . It doesn't say they won't also have an internal combustion engine . They will most likely be hybrids which run on liquid fuels or compressed natural gas most of the time . Oil and gas majors love renewables . They are major investors in them and they lock the world into a much longer fossil fuel future . The only threat to fossil fuels would be large scale rollout of nuclear and that is out of fashion .