Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The 200k and 162k were mine and were buys. I bought them both through Hargreaves lansdown.
This was via Hargreaves lansdown rather than Halifax but thanks anyway
I purchased 200k of shares this morning through 2 deals and a single trade of 200k at 1626 today and I did not see any of them appear so I would love to see how my broker, HL is filling the order.
Any thoughts welcome
Just purchased another 200,000 at 16.26. Will be interesting to see when this pulls through
Add me in.
£2.50 - 1% to Hinckley Homeless
Surfit
A share raise benefits nobody, including the BoD. Indeed, anyone buying at the last one has now lost around 15%.
I also agree with jagua, if they were looking to do that it would be on the basis of pushing the sp up with news flow. I would never have pushed a rights issue with my sp declining in my business and if I could arrange via banking facilities or a bond issue, I would do so to retain shareholder value.
Regards
Given the lack of news to date, I will be astonished if this is all signed in June. My best guess, and it is only a guess based on doing large contracts, is that this will run on to at least September.
Regards
What worries me is that the FID was preceded by the gas sale agreement, then the finance agreement, neither of which have been announced to date.
They did say the GSA was very advanced way back in jan/feb time. Now I know these things always take longer than anticipated but that does not stop the BoD making some progress announcements.
GLA
Gas prices today are somewhat irrelevant on the basis of
1. We will not have any available to sell for 2 years
2. This is a 20 year investment
The analysts will look at some long term forecasts but even that has a high degree of speculation.
Great find and great article
Aberdeen man,
only one thing to say to that - CANNOT WAIT FOR TOMORROW ??
The Saudis are clearly investing heavily and the port at pointe noire has been one of the stumbling blocks to the dev of zioc in the past. Why build a new port unless you have something of significant value to use it for? We also have to consider the following:
1. The Chinese want world domination economicaly
2. The Saudis need to diversify from oil
3. The Americans want to stop the Chinese owning too much of of the world's resources and shown their interest in Africa recently
4. The Australians want to protect their own export industry
Africa looks like a great place to invest after many years of stagnation.
Jiving is correct.
The zioc board has lit up and the share price is rising fast having just hit a 3 year high today.
The Saudis are clearly investing heavily and the port at pointe noire has been one of the stumbling blocks to the dev of zioc in the past. Why build a new port unless you have something of significant value to use it for? We also have to consider the following:
1. The Chinese want world domination economicaly
2. The Saudis need to diversify from oil
3. The Americans want to stop the Chinese owning too much of of the world's resources and shown their interest in Africa
4. The Australians want to protect their own mining export industry
Africa looks like a great place to invest after many years of stagnation.
Ivans,
Enjoy the rise but these volume do not even begin to suggest someone taking a stake. This could really fly in the next couple of weeks on PI speculation alone
GLA
Folks,
I have ran a plc for several years and i can usually see through the crap to what is blatantly obvious. The value here is obvious but the timing is unknown.
I also think the board here offers some very good opinions but every so often we get an attention seeking verbal w**ker like KamelTow so just filter them. He/she/they are so stupid he/she/they will respond to this thinking I will read it.
Look forward to the rest of your posts
Interesting article about Glencore in MoS today
FINANCIAL
Ditch your coal mines, investor tells Glencore
FTSE 100 mining giant urged to dump fossil fuel business even if £18 billion swoop on rival fails
By Mark Shapland
COMMODITIES giant Glencore has been told by an influential investor to dump its environmentally unfriendly coal mining business without delay.
The FTSE 100 firm had been planning to shed its controversial coal division as part of an £18 billion takeover swoop on a Canadian rival, Teck Resources.
Under the proposed deal, Glencore wanted to merge its coal business with Teck’s, hive off the combined operation into a separate company and then float it on the New York Stock Exchange.
That idea was thwarted when Teck rejected Glencore’s overtures. Canadian mining magnate Norman Keevil, the controlling investor in Teck, says he will not sell to Glencore at any price.
But Glencore is now being urged by activist investor Bluebell Capital Partners to ditch its coal interests as soon as possible - even if the Teck deal falls apart.
Coal has been highly lucrative for Glencore, which made billions of dollars last year off the back of surging prices following war in Ukraine.
However, Giuseppe Bivona, a partner at Bluebell, said Glencore could command a higher valuation if it got rid of coal and concentrated on its interests in copper, which is in demand for renewable energy technology as the world moves away from fossil fuels.
Glencore’s current market value is around £58 billion.
‘The Teck deal is the first time the management has acknowledged its needs to spin off coal,’ Bivona said. ‘The share price is at a discount because of the coal business. Lots of investors would love to own Glencore but the coal arm stops them,’ he added. ‘Glencore should spin it off and focus on becoming a leading player in copper instead.’
Bluebell believes Glencore has let the ‘cat out the bag’ on coal and needs to dispose of the division quickly. Previously, the strategy was to gradually run down the coal operations. Gary Nagle, Glencore’s chief executive, indicated last week he had no desire to dispose of the coal business if the Teck takeover falls through. He has not yet conceded defeat and analysts expect Nagle to table a higher offer.
Thermal coal, which is burned in power stations to generate electricity, is the world’s most polluting fossil fuel - and shunned by investors who increasingly claim to espouse green views.
Glencore mines a range of metals and minerals - including cobalt, copper, nickel and iron ore - as well as being one of the world’s biggest commodity trading houses.
It produces thermal coal in Australia, South Africa and South America.
London-based Bluebell has never disclosed the size of its investment in Glencore despite saying it is one of its largest bets. It first spoke out against the company’s coal strategy in 2021.
The activist has an influential voice despite managing just £160 million
Everyone seems to be forgetting that they announced they were preferred bidder on several contracts. Whilst the deal is never done until the terms are agreed, it is high irregular not to agree terms and very common that such negotiations take many months. I am just concluding one that has taken 9 months.
Surety,
Could you paste the whole article into the chat. Looks like an interesting read.
Thanks
Obviously buying in the millions !!!
LT,
You can always buy or sell small volumes. So what? There is always some stock floating around with any org. My business was not a large one, but anyone could acquire £50k and not move the share price and that was just mopping up stock from local brokers.
I am only a PI and only have 2m shares in this stock but if I thought I knew something nobody else knew, I would be buying at a minimum of 2m blocks each, not these paltry amounts. Until someone starts hurting in the millions, I would stop guessing and start waiting like the rest of us.
So I still don't understand the point.