Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Excuse fingers typing on phone
Yeah it is today , ome people maybe dont believe POO will be this high for long ,also how much of our production is already hedged ,so this poo rise is immaterial.
TLW
Dropped because of the the reduced three year daily oil production outlook not POO .
The issue that caused this reduced gorcat need to be resolved before we make big gains .
Gas injection sale of assets IMO
Disagree Noggers
Shares don't work like that, happen when you don't expect it otherwise share dealing would be easy.
Saying that I hope it goes up cause I own a hell of a lot of these shares
Interesting article on the BBC website .Guess tyhats why POO only jumped 4% instead of 10 or 20% ,but i think the problems are enough to hold POO around 70 for the next six months at least.
https://www.bbc.co.uk/news/business-50981538
obviously thats the West African Govts
do the govt get more tax if POO is higher ? If so its in their interest to resolve the issue quickly to gain the extra tax rev.
In one of the articles it talked about the tax rev they were losing because of the downward forecast.
DBNO
you been forecasting oil will drop on PMO for the last six months ...you have been wrong 9 times out of ten on PMO sp and POO
Thats the big one treac ,
imagine 85-90k bpd at 70$ .............that would change the forecast somewhat and its not out of the realms of possibility
bitter heardy
just bought another lot under 60 , so i have to see today as a dip and an opportunity taken . average down to around a £1 now .
treac
gas injection resolved massive takes us to £1 new CEO holds us reduced costs helps and flog some stuff reduce debt high poo increase fcf
easy 1.25=1.4 then a buy out at 1.6 :)
Drama over , going shopping :)
As will we all , agree a no loss day would be goo after the start ,WOW that was a big take down .
mine is 1.12 so still bad settle for £1 which i believe i will get in the next six volatile months . best of luck on your average i would be well in profit
MrD
Its only 1000 hrs we may get there by 1200 lol
only 3% down now well done if you got in below 60
Heardy a premium member ,bet you do !! go to IG or Toro as you know
Yes so we might see a rise now as they close , Not a big shorted stoke but even 0.25-0.5 % closing would take us to 70-80p easy
you opened a short Heardy?
And it follows the rules big risk big reward with the worst news out of the way