focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Dr T explains why "water is a fallacy"
https://youtu.be/4Lqvf3K3Wa4?t=1064
I know I've posted this before but it's a pretty comprehensive explanation, as per AD's comments:
"If we do get water, simply choke back the wells"
"There's absolutely no data to suggest we will get early water"
Anyone who is worried about water is maybe barking up the wrong tree?....worry about other things first.
On a brighter note:
A price increase in Polyhalite will more than compensate for additional $400-600m.
Sure, I'm equally p off that SP has dropped 37% since Aug, I'm gonna go watch a buffet video and shut the f up!
https://www.marke****ch.com/press-release/cru-icl-bets-on-polyhalite-as-uk-potash-production-finally-ends-2018-06-07
"ICL's UK subsidiary, also known as Cleveland Potash, is currently the world's only polyhalite producer. The company began marketing the mineral as a fertilizer under the brand name PolysulphateTM in 2012 from the Boulby site. To date it has witnessed impressive sales growth of around 50% per year."
Having looked at the size of the ICL group, and considering their recent enthusiasm towards Polyhalite, is there an opportunity here for them to take advantage of SXX additional costs / lower SP?
I'm not saying I'd approve, but surely it'd be an easy way for them to protect their current share?
I've been following SXX far too closely for the last month and these are just some thoughts, all IMO,
It was overbought after the big drop when additional costs were announced. At one point down as low as 22p and then rebounded back up to 29p - there was bound to be profit taking after that sudden spike back up.
It seemed like it would settle around 27p, and has since suffered along with many other companies that are not currently making profit.
A look at the FTSE 250 since early Aug is not pretty either, and it's now at the same level it was in early Feb, if you'd invested in SXX in Feb you'd still be about 10% better off than a FTSE 250 tracker.
I bought more SXX at 26.5 partly as the European TorP is allegedly due in October. Have to admit that I didn't stick to my plan of waiting for 25p, but will try harder next month.
Innocent question:
Is it likely that AM will need to return to dock, or if all tests successful and signed off simply head for Rotterdam without further ado?
Anyone recognize this FPSO?
https://www.youtube.com/watch?v=MjtYjiGmDIc
Realise it's a different Buoy.
Unless the project goes t**s up, then does anyone think that the SP won't have increased by 21% from today in 5 years time?
If : in doubt plenty of other ways to get 4%p/a.
Else : stay invested and keep some cash ready for top-up if your research points to cheaper entry SP in months ahead.
Bored now.
re;
cheap takeover attempt
Dan MuckCrum's friends at ICL have a big MCap
Andysimpson18,
"should" and "conceivable" are not my favourite words when investing, but I see a hub being additional to any upside in the SP?
"Concluding remarks:
Should Lancaster productivity prove to be as anticipated, it is conceivable that a Lancaster Field development will form a hub that will not only support the exploration of adjacent basement prospects, but provide infrastructure for other discovered West of Shetland resources."
Climate change news might work in HUR's favour, as the oil wil be low sulphur, unlike middle east oil. So will be a much cleaner option for the shipping industry.
Maybe the SP has been affected by opportunities elsewhere - eg. Oilers.
As PoO has/had been increasing there has/had been the lure of quicker gains whilst SXX SP may tread water for the next month or 5?
Dr T has already said sea trials won't be an RNS-able event
So they planted some trees and bought a bowling machine for a cricket club.. Big deal.
Charity does also mean good PR.
Charity also improves the area...which makes it a better place to live, which could help the company attract higher quality staff...
Think of the bigger picture...
Plus Boulby 'could' be paying Dan McCrum a huge chunk of cash for each Alphaville article as well.
Northerniser;
I would expect it to be once the intra-day has hit 100p
My calcs are aiming for mid 2022 at latest.
Maybe he's moonlighting to raise extra funds for Stage 2.
He used to be a bouncer?
That sounds much like when Dr T responded to Malcy with "I couldn't possibly say" and mentioned other opportunities towards Ireland.....they *may* have other tricks up their sleeve.
AD,
I've been curious about the "hub" since it was mentioned by Dr. T on a Malcy interview - this could ultimately tie in with
Schiehallion and also save BP using an FPSO at Schiehallion if they were to buy GWA/GLA ?
I don't disagreee Skier
Although ....a year ago the price was much the same, the funding risks were the same, and since then the target for TorPs has not only been reached but passed and more engineering risks have been identified reducing the unknowns?
My own opinion is that I'm slightly less optimistic now for the medium term SP than I was 2 months ago, not because of the extra $400-600m costs, but as a result of the TS conf call where he was discussing delayed Stage 2 funding options (I do realise the 2 are linked).
I read this on proactiveinvestors site;
Broker Liberum said the “key drivers” going forward would be a European off-take, expected before the end of October, and the finalising of that stage-2 financing package.
I was aware of possible European TorP, but not that it was "expected" before end of Oct. Innocent question, did this "expected by end of Oct" come from the Sirius themselves?