Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.reuters.com/business/energy/power-plant-operator-drax-launch-carbon-removal-business-2024-01-25/
British power plant operator Drax (DRX.L), opens new tab plans to establish an independent business focused on becoming the global leader in delivering large-scale and high-integrity carbon removal.
The new entity will be launched this year and be operationally separate within the Drax Group and headquartered in Houston in the United States, Drax said.
It will be led by Laurie Fitzmaurice, a senior energy infrastructure expert with nearly 30 years of experience in business development, most recently for Amazon Web Services.
"The creation of this business brings to life years of hard work by many outstanding people across our group and marks another step in Drax’s journey to enable a zero-carbon, lower-cost energy future," said Drax Group CEO Will Gardiner.
"Our recent success is grounded in providing secure, renewable energy and our future is focused on playing a critical role in tackling climate change through the generation of secure, renewable power and the large-scale removal of carbon dioxide."
Britain last year laid out plans to boost energy security and independence by investing in efforts to move towards cleaner, more affordable energy sources, including projects to capture and store carbon dioxide.
Last week Drax said the government had approved its planning application to convert two biomass units at its Drax plant to use carbon removal technology known as bioenergy with carbon capture and storage (BECCS).
Spot on.
I remember the EDF CEO saying in 2007 that we'd all be eating our Christmas Turkeys cooked with Nuclear Power in Dec 2017.
7 years later, we're still waiting and it's likely to be 7 more (if we're lucky).
Biomass = security, better value than nuclear and more reliable than wind and solar. On top of that you have the recent news from the Gov about capturing carbon too.
...Assuming he's not living in a caravan already:
https://www.proactiveinvestors.co.uk/companies/news/1037736/drax-to-win-approval-for-net-zero-carbon-capture-plan-report-1037736.html
effix… you said you shorted it at £2, then again at £3. you are an absolute clown. you’re blatantly just a skint, crusty student member of some pointless organisation like extinction rebellion that doesn’t even understand why we need working forests and biomass.
it’s pretty ******* obvious what the benefits are of biomass are… nao report seems a bit pointless. probably trying to justify their jobs.
In English please!
Note the desperation in Aether’s post as he shouts IN CAPITAL LETTERS!
Personally, I’m assuming we’ll be getting news next week and some buyers have pieced the puzzle together.
I presume the rise is from the strong suspicion we’re on a platform trial. Nothing confirmed that it relates to SNG yet as far as I can see, but some big trials have been publishing info recently.
And SNG would fit perfectly on them.
Remember how long the Activ trial took to on board the drugs. Remember how close SNG came to statistical significance.
It’s been a hard year and plenty have been all too ready to bash people down for believing that this drug still has a great deal of potential. Hopefully whatever news is coming will be the start of a long road to recovery.
I doubt Drax would employ a someone as dumb as Effix. More likely that he or she is an Extinction Rebellion moron who doesn’t follow the science.
Price finished up today and they lead with the headline “Pounded Again” - you couldn’t make it up.
Share price is up now.
Where is Effix?
https://www.lse.co.uk/rns/DRX/formal-discussions-with-uk-gov-on-power-beccs-d9bp9cnx1v56aty.html
Looks like it was a bit of an over-reaction by the market. This sounds like more positive news might be around the corner. As you say Jensen... the UK Government better get its ass into gear
Big difference between now and last year.
Last year, we had a trial concluding and the expectation was that that trial would be successful & we started building towards commercialisation.
Why would they advertise that specific role when there’s ‘no news’. Do you really think the company would recruit in a DMA for no reason? Really?
And I notice you avoided the comment about the very specific targeted advertising
As i said before, if you really don’t think this share has a chance to recover, then sell out & please stop posting.
I can understand the frustration and pessimism, but you’re conveniently forgetting the Job advert, which I feel is giving us a big clue. I realise you can counter this with the comment ‘we’re reaching here’, but you either believe this drug’s got potential or you don’t.
I just wish the knobheads who keep whingeing about it would sell up and stop posting on here.
Two questions:
- Why would you advertise for a Director of Medical Affairs, if there’s no news forthcoming?
- Why would you specifically target those job adverts at Jansen staff by specifically advertising them in their main office locations including New Brunswick?
Titania - exactly.
It reeks of corruption and backhanders
Surely can’t be far away…
- The ramp up in Comms (not what we’re waiting to hear, i know but important nonetheless)
- The role itself. Once bitten, twice shy as they say - who would pull the trigger on a job if no news was in the pipeline? No one, I’d suggest.
- The urgency of the advert
- The job advert locations
The evidence is mounting. Hopefully all will become clear in the very near future
@ Trinityman - Mr Costs' latest post suggesting Ashfield Engage are the ones employing the Associate Director of Medical Affairs must be an early candidate for 2023.
Yes, it's fine to be anxious about your investment, but to post continuous negative drivel and to genuinely think the above is a realistic possibility is laughable.
Those two posts referenced alone are the reason no one takes him seriously.
I despair at the number of clowns on this board. I know we’ve been waiting for news for a long time and many LTHs were stung by the inconclusive p3 trial, but let’s look at this objectively:
- This is a new advert. Compare it to the the recent language in the SNG tweets. It’s new. No doubt.
- “BUT….BUT…BUT… we advertised loads of positions last year and they got pulled.” Last time, we were anticipating p3 trial success. We don’t have any existing trials. Does anyone really think that we’d advertise a new role based on no news? COME ON!
- Who pays $200k?+ for an admin person? Don’t listen to the clowns.
- This is a job in the US… what does that tell us? US partner? EUA? Maybe, but more likely that we’re on on a platform trial e.g. STRIVE.
Be in no doubt. News is coming.
We obviously can’t announce annything officially yet, but it’s coming… like Mrs Costs when her husband is away.
Effix = The Clown Prince of Investing
Effix's view: Share price is 'mostly going down'
Actual share price: 50% increase in the last 18 months & trebled since he said he shorted it.
EGL recognises higher costs – positive
A supplementary technical note for the EGL published by HM Treasury contains a number of changes. We view two as very significant for Drax: indexation of the £75/MWh benchmark price from April 2024, and the ability to reduce generation receipts by excess costs over historic levels. For Drax, our interpretation suggests the latter is £65/MWh. Our estimate of the EGL take more than halves, our EPS estimates rise, and our target price increases to 1,100p.
BUY
Price: 661p
Target: 1100p (prev: 955p)
Is the short you took out at £2?