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The airport is closer than Kallak!

Elon Musk can build factories all over the world in virgin wilderness

He can launch satellites into space creating space pollution

Apple can build iPhones using cobalt that destroy lives and pollutes in Africa exploiting children

Amazon can build a business model that has destroyed our towns high streets

All in a few years

YET SWEDEN CANT DECIDE ON LITGLE KALLAK

CORRUPT

2016 it was $50 a ton

ZIOC should be 30p today just on that metric

Is the Swedish government either

1. Dumb because iron ore record high they could be earning revenue

2. Cheats trying to keep Kallak for themselves

3. Handicapped by the green theme that actually is stupid if you look at the low carbon benefits of home made iron ore

4 corrupt

5. All of the above

had Simando taken away from them by Guinea because they didnt exploit the resource will Glencore have it taken away from them here?

Why

Iron Ore will be the stand out performer of 2021 IMO

cant buy any sizeable amount!!!

It's a diabolical share looking at the wider market

And one reason Sweden's cheating government

Only when they grant the licence...... it's bordering on criminal Sweden have done nothing!

The 8 year mining licence delay just makes Sweden's Government look like cheats

I'll take that

overdue an update but expect significantly improved since June below:

Trading and Operations Update

Pharos Energy plc, an independent oil and gas exploration and production company, issues the following Trading and Operations update in advance of the Company's half-year results on 19 August 2020. The information contained herein has not been audited and may be subject to further review and amendment.



Summary

· Rapid and responsible response to COVID -19 and oil price fall - protecting people, cutting costs and deferring capex

· Group working interest H1 production 12,093 boepd net, in line with production guidance;

o Egypt H1 production 5,979 bopd

o Vietnam H1 production 6,114 boepd net

· 2020 Production Guidance remains unchanged as announced on 12 May;

o Egypt - 5,000-6,000 bopd

o Vietnam - 5,500-6,500 boepd net

· Group revenue for H1 2020 was c.$77m, including the benefit of our H1 hedges of $21m

· Production operations continue in both Vietnam and Egypt in light of COVID-19, with strict health and safety measures in place

· Cash balances as at 30 June 2020 of c.$38m after RBL repayment of $22.3m on 30/06/20, Net debt of c.$36m - further RBL payment of $9.4m expected to be made by 14/07/2020

· Cash capex for the full year has reduced to c.$37m of which the majority has already been incurred

· Cash cost savings on total group expenditure for the year of c.25% have been achieved, cost reduction programmes ongoing

Hope next year significant reduction in hedging reduced CAPEX should see big lift in margin

Cash OPEX $11 so with oil currently $50

should see good lift in profits this quater

i think this could surprise to the upside in coming weeks

frustrating no follow through here

funny sweden delaying almost like they want to keep it all to themselves!!!!

thats a certainty

mm's lively jumping around ............ has to be news soon the EV space is on a tear