The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The FTSE 100 is down 3% and the AIM is down 1.63%. RBW is not immune from market sentiment.
This, over the years, has been one of my best share purchases. I bought in about 5 years ago and was sold on the backstory of its history and clear need. The company and founding fathers identified a niche and fulfilled a business need.
So many companies, and in particular senior managers, forget that a company is made up of individuals and it is their skills and experience that makes an enterprise successful. During Covid this company prioritised employees and the long term strategy, at the expense of dividends. This is proving to be the right strategy. The stability of the workforce and the recent acquisition of BioVision gives Abcam a strong platform to build on.
An investor should look at the share price over the 5 year period and they will see the regular price fluctuation cycles but the one clear thing has been a trend of continuous growth. It is companies like this, the R & D endeavours that it supplies, which makes the world a better place, rewarding to me both ethically and financially.
Fulmar,
Your assessment is correct. In both the case of a generator and motor, the stator (stationary outside section) has electricity flowing to create a magnetic field. there is indeed copper here that allows the electricity to flow. So yes an exciter based generator and an induced motor has more copper within it than that of a corresponding permanent magnet unit. With copper rising to over USD10,500 per tonne there will be balancing act by operators and manufacturers to optimise the most cost efficient method. The auto manufacturers do not want to held to ransom and will be concerned about the supply chain, if they all move solely to the REE technology, hence why a number are using/planning to use induced motors. They will pay a price in range, efficiency, weight, battery storage... Should the US, EU and RoW create a sizable REE industry then auto manufactures may switch over to the permanent magnet based propulsion motor.
Phantom is also correct and the easiest and most efficient route is the REE pathway.
first line should be "generators AND motors"
Fulmar,
The alternative for generators are motors is to have an exciter or manufacture an induction motor to replace the permanent magnet. The rotation of the coil through a magnetic field generates power or provides rotation respectively. Installing a permanent magnetic means that you do not need to tap off power and thereby reduce efficiency hence why normally an induction motor is less efficient, uses more energy and reduces range on a vehicle. Don't get me wrong there are some manufacturers of induction motors that are getting their efficiencies closer to the permanent magnetic equivalents but they tend to be much more expensive. So there are alternatives but they come at a cost.
ATYM (Atalaya) is my copper play.
The key part of the RNS for me is the £2.25m investment from TechMet Limited, indirectly linked to the US government. This appears to have been strategically assessed by the US government agency and deemed viable.
Yes they lose 50% of the asset of GreenRoc but they receive cash from the IPO. Market Cap should be neutral.
It says "On the attacks in Bujumbura on September 20. Support to the Government and people of Burundi."
This is to to with a terrorist attack in Bujumbura, with 5 killed at a bus stop/station, through the use of grenades.
See: https://www.reuters.com/world/africa/burundi-grenade-blasts-kill-five-health-worker-says-2021-09-21/
JKG,
I am only allowed one good point a year. That's it for 2021.
JKG,
Suppressing the SP allows the share buy back scheme to be far more effective . They take more shares out of circulation for the same money.
Seak1, hope you are correct. Your decision on Abcam the other day was correct and I agree with your logic here.
Operating costs have risen but these will either be restrained or they will need to be past onto the consumer. Good to see sales being robust.
Great share purchasing price.
DW,
Use the google translate app "camera" for the written description elements, at the bottom of the screen and try your best with the app "conversation" when the presenter is talking. You have to break it into manageable chunks.
I am guessing that they are going to use the under utilised Arupua facility to handle, produce and package the material. A sensible approach, as long as there is margin in transporting the commodity 168km across the dreadful deep rutted roads in Minas Gerais.
Good to see that the management are looking at the long term viability of production, by searching out new sources of ore. We all know that copper is a critical commodity, as we progress to a greener economy. There is also a medium to long term shortage of mining deposits and it takes significant time, money and regulations to establish even the ones that are viable. We have an established operation, with a finite life span and feeding that operation in 15 years time is a sensible approach. Now it might be that these potential mining resources are better than the ones we are presently extracting whereupon our Ebitda will improve further.
If you want the actual South African process flow diagram and specifically page 12 of 19, on the pdf. It is the actual Sasol Phalaborwa process:
https://reader.elsevier.com/reader/sd/pii/S0892687513003452?token=05388402A9ADB8C0D01994EB5D891EADCEC760C50E6A347CAC604593C3DF62B8FCE4B41E7A8832E49A5BBE799E6B3501&originRegion=eu-west-1&originCreation=20210525084740
The mixed carbonates enter the calcination and then exit as mixed oxides (TREO). So in simple terms the answer is A.
Nicodemus,
Carbonates can be converted to oxides by calcination. Usually a simple process of passing the material in a rotary kiln, at elevated temperatures to form carbon dioxide and leaving the base material as an oxide.
The remaining product is a mixed bag of rare earth oxides. The refining is splitting those various elemental oxides into specific oxides. That is where the Chinese come in (or MP/PRE et al.).
Here is the article on the US statement:
https://sanantonioreport.org/hondo-texas-lynas-rare-earths/
Here is what Lynas potentially plans to do to sort out the problem, with a facility in Western Australia:
https://www.abc.net.au/news/2020-08-10/lynas-building-rare-earth-processing-plant-kalgoorlie/12354150
PoD,
It is not so much a shipping issue as a receiving country concern. If you read through some of the Lynas contract documents on the proposed Texas facility, they have to clean up the rare earth oxide concentrate before it is imported into the USA. This is probably true for other western countries. This is another pointer towards the planned recipient being the USA or Europe, rather than China.