Member Info for Trde

Palladium price $1794.65
Gold price $1489.35
Palladium set to hit $2000 and above here is the reason why
https://www.bloomberg.com/news/articles/2019-10-28/why-palladium-is-suddenly-a-more-precious-metal-quicktake-k2ap4ryc

Scarce supplies seal palladium's price dominance over platinumBY REUTERS

ORIGINALLY PUBLISHED: OCT 28, 2019

Email Twitter Facebook Pinterest Google+ Linkedin

LONDON — Gaping supply shortages will see palladium cement its price premium over sister metal platinum next year, according to a Reuters survey which showed analysts raising their forecasts for both autocatalyst metals.

Chiefly used in vehicle exhausts to reduce harmful emissions, platinum is favored for diesel engines and palladium is preferred for petroleum.

Years of oversupply and the declining popularity of diesel vehicles have halved platinum’s value since 2011 to around $900 an ounce, while undersupply more than doubled palladium prices over the same period to some $1,750.

Sorry wrong stock/Board

Up 4% on the American market. Lots of buys coming in now.

Next resistance point 40p. Then 70p long way to go. Above 50 Day moving average.

VAL was trading at 5p in 2018 if they have approvel of drug 401 this could go over the highs of 7p in early 2018.

Hopefully more news to come.

Placement at 7p?

Very good chance OEX could be bought out now

GROWING PRODUCTION

150,000 barrels of oil produce in 2017411 boepd average production in 2017

STRENGTHENING ECONOMICS

26% increase in gross reserves and 339% increase in net resources over prior yearEfficient allocation of capital resources to fulfill the Company’s growth plans

Major shareholders

NameHigh Power Petroleum LLCShares33,103,569per cent of issued
72.21%

NameD Maritime LimitedShares1,695,314per cent of issued
3.70%
NameCavendish Asset Management LimitedShares1,521,037per cent of issued
3.32%
NameNortheastern Oilfield Services LimitedShares1,448,687per cent of issued
3.16%

The test of Cobalt’s business model is taking place today at the frontiers of oil exploration.

In the 2007 and 2008 U.S. Gulf of Mexico lease sales, Cobalt captured a substantial and highly prospective acreage position, locking up a 10-year controlling position in high potential deepwater, sub-salt exploration plays in the ‘heart’ of the U.S. Gulf of Mexico’s deepwater Miocene and inboard Lower Tertiary trends. Cobalt has spent more than $600 million to build this portfolio of opportunity. In only three years Cobalt established itself as major player in the deepwater U.S. Gulf of Mexico.

Cobalt is also an early entrant in offshore West Africa’s highly potential and enormous pre-salt opportunity through the focused capture of a significant acreage position in Gabon and Angola. Offshore West Africa is an area where Cobalt team members have vast experience in hydrocarbon exploration, development and production.

Mike Ashley launched a fresh attack on Debenhams as his firm Sports Direct unveiled plans to buy £15million of shares back off investors.

Just days after failing to seize control of Debenhams, Sports Direct said it will purchase 5m of its own shares in a bid to boost its market value.

The company said the buyback was to thank shareholders after the tussle over Debenhams.

Yeah I know but I'm sure he is still looking to get a consortium together to challenge the takeover. All news is goid

https://www.thisismoney.co.uk/money/markets/article-6913215/amp/Sports-Direct-unveils-plans-buy-15m-Debenhams-shares-investors.html?__twitter_impression=true

https://www.bbc.co.uk/news/live/business-47829683?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=5cadfc4656005706757d6bd6%26Ashley%20lawyers%20challenge%20Debenhams%20administrators%262019-04-10T14%3A23%3A03.259Z&ns_fee=0&pinned_post_locator=urn:asset:47135514-c37d-4ef2-ad7b-72e7f26679e7&pinned_post_asset_id=5cadfc4656005706757d6bd6&pinned_post_type=share

I call on the authorities to reverse the administration process so that a full, better and appropriate solvent solution can be found. This solution would include allowing myself and appropriate senior Sports Direct management access to detailed information to save the business for all stakeholders. The board of Debenhams and its advisers have sought to stifle and exclude us from their so-called process and have undermined and blocked our various offers of assistance as they carried out their underhand plan to steal from shareholders."

Administrator FTI Consulting will seek a sale of the company immediately. Sports Direct said in a statement after lenders took over that while it does not intend to make an offer for Debenhams now, it reserves the right to do so in the future, under certain conditions.

Sports Direct insiders insist that Ashley is serious about a proper bid and is lining up options to refinance Debenhams’ debt.

Bid possible