Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
No dividend at the moment, but looking forward to the next financial update hopefully with the world cup William hill side have done well . Not sure when a divi will be back on the cards need to get that small loan !! debt down from when 888 purchased WH.
Well, i made my choice and brought a load late this afternoon after my post got in below 97p, but excepting its now for the bottom draw for a long time. I shall however keep my fingers crossed for hopefully some good news !.
I know William Hill (888) don't have as many venues as RNK but this was in the 18 Aug results for RNK ,Underlying venues operating profit1 included energy costs of £23.0m, up significantly on the CY 2019 cost of £13.0m. Energy costs for FY23 would be approximately £46m based on current market prices.........just shows how much having a building / premises cost to run energy wise ....before rates etc.
Is Barryroe it for PVR ? does the company have anything of interest anywhere else that they can get on with ? been here a long long time waiting but thinking the end is near , the only hope i see of any money would be a RKH type of win if PVR take the Irish government to court.
Interesting yet Ireland sitting on a massive oil/gas discovery , will it happen fingers crossed it does. https://www.bloomberg.com/news/articles/2022-07-05/the-global-energy-crisis-just-got-even-worse-here-s-why?sref=Em01M8Hr
Yes like a lot of these greens.... he lives in a different world ,not many people in the UK/Ireland can afford to go out and by an electric car, or spend 5k plus on solar panels or heat pumps...... most people are struggling just to run a car and heat there homes and pay for the day to day living, Greens seem to live in a different world to most.
Golden opportunity for Ireland on its door step (Barryroe) to help Europe with gas and oil and put some money in the bank .Any way thought this article interesting .
Turning point for oil & gas!?29 Apr 2022 21:55
Europe is yet to come up with a proper plan to disengage itself from Russian energy markets, with recent claims by the EU that it's working on a sixth sanctions package which will include some form of an oil embargo merely papering over the cracks. Europe consumes about 14mb/d of oil, of which about 30-40% (5mb/d) is met by imports from Russia.
Two weeks ago, OPEC+ told Europe bluntly that it's not in a position to help it solve its energy woes. OPEC says that current and future sanctions on Russia could create one of the worst ever oil supply shocks, and that it would be impossible to replace those volumes. OPEC itself is woefully incapable of rising up to the challenge: last month, OPEC posted the biggest output gain in seven months, but still fell 764,000 b/d short of its target. This has become an ongoing theme, with the cartel nearly always failing to meet targets, in large part due to years of underinvestment by its members.
One Wall Street punter thinks U.S. Shale is ready to rise to the occasion.
In a note to clients, Goldman says it sees "a turning point in the oil and gas capital expenditure cycle, as seven years of declining activity have depleted spare capacity in most parts of the industry, and the Russia-Ukraine conflict provides a renewed sense of urgency around security of supply."
Goldman cites five robust factors that could fuel a tripling of oil and gas capex from recent lows.
Shrinking reserves: oil reserve life posted a 52% reduction from 2014 to 2022, as the industry stopped exploring for new resources. Investment delays since 2014 will cost 10 million barrels per day of oil production--equivalent to Saudi production--by 2024.
Steepening cost curve: the top projects cost curve has become smaller and steeper, with incentive pricing at $90 per barrel at the current cost of capital.
Investment growth: we expect oil and gas activity to compound at 11% [per year] growth (20% for LNG and shale) by 2024, from a decline of 7% [per year] since 2014.
End of non-OPEC growth: we estimate that 2019 saw peak non-OPEC production. Non-OPEC, excluding shale and Russia, is starting a phase of structural decline.
These are sentiments shared by BlackRock's Larry Fink, who recently said that elevated energy prices "will spur a huge amount of investing."
Article From oilprice. com
Ok , going to ask .. why do some think the WH buy is good ? I can see the Bad cost, raising funds to buy WH , betting shops that most people don't go in now cost of staff etc to run the shop.. , everything's done on line.. or are the shops owned outright by WH and if so would a sell the shops be 888 first priority ?
Yes interesting, might split 50/50 , RNK , does look good for £2 with hopefully the end of covid in sight and more opening up of bingo halls .. 888 myself and reading the post on there are confused with the WH buy ? why did they buy it ?