The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I wouldn't get too excited about LECs being discontinued. They are just being replaced by the RO (renewable obligation) and CfD (Contract for difference)schemes. The bad news for Drax is that everyone pus for these systems....there are no certificates to offset against them. Interesting the £50m figure. This clearly excludes lost business. I think Haven will really struggle to sign up the big nationals without this price advantage (certainly we are very happy about the developments at my employer...Haven have been killing us in tenders for a while now). For this reason I think this could go further down yet (although got to start looking attractive for a takeover soon). As for others SSE are a bit of a loser here...Not too sure about the others tbh. To be fair to the chancellor he had to do a big bang here simply due to market sensitivities. Still not nice for drax holders.
CCL LECs are essentially certificates granted to companies that have lots of renewable generation. CCL (Climate charge levy) is charged as part of the cost stack in the energy bill (it's about 4/5 quid per MWH). Haven in the past have been very competitive as they sit on all these LECs generated by DRAX allowing them to undercut the big six (by discounting the cost stack using the certificates) and win lots of business from them. This will no longer be the case and they will have to face the big boys on a level playing field. As such cash flow is very uncertain and revenue forecasts will be significantly revised downwards. Source...I work in the industry
CCL LECs discontinued.. very very bad news for Haven.
Nice to see bouncing of the lows. Looks like its fallen too fast from 12p level, its not like gold is back into the $1100's yet. Looks to be very cheap anyway, especially with the low oil price and the peso working hard in OMI's favour.
Woops...sorry all...sold out at 14p and admit my research is lacking at the moment. Thanks for the links. Will have a look.
No statement re the current oil price and how it affects CAZA both in terms of production and borrowing. Most other oilers have clearly stated they are viable at $x per barrel.
My thinking exactly and the market seems to agree....static bottom line growth despite the high nickel prices. TL: Dont worry about me, I am "small fry" with only half a million shares or so (is saying that lots of my stake can quickly snowball). Was hoping that this would be the start of a big ramp up, which will happen, jbut ust not yet. Good luck to you all.
A nice profit but not what I was expecting (about half the profit). Just a first read but tells me all I need to know for now. Sold out and will look to re buy once they get their cash costs in order. Good luck the long termers.
Very poor timing ahead of tomorrows results. I hate this type of politics, especially relating to a non-executive director.
Gold flying almost 3% up having broken 1225, could this finally be a change in sentiment (would be massive for MWA). Nickel recovering well from a beating. All a nice backdrop to tomorrows results. Onwards and Upwards.
Nearly 3% up on the day. Gold pretty flat and approaching top of the falling channel. Quite possibly a delayed reaction to the nickel price to come much like earlier this year.
....7% down,,,PAH. Bodes well for tomorrow if it continues over night.
Correction....AIM has extensive form for price weirdness
I could understand it if gold/nickel where taking a beating but they are also both up. So Gold, Nickel and BCN all up yet MWA down.....stupid really. Like you say though, this is all noise....looking forward to reading the interims. Judging by the last set of results could take a while.
This is the precise reason I have shifted my oil shares into this and other remote miners using lots of oil. Expect the margins in the Jan update to be even better than before.
But, as Baron has alluded, the rise here has beren rapid on what is pretty dismal volume. A re-trace was always a possibility and nickel sliding back slightly probably didnt help matters here. Either way I do believe the run up to the interims should see a nice rise as investors take positions (I know that is why I am here).
Well said. There is so much dross on AIM....all promising to deliver tomorrow and never quite realising whats beneath their feet. MWA has a long history and is a proftible miner in the process of increasing their margins across all commodities. All very exciting.
I'm in. Was looking to wait and hopefully get in a little lower but buys are piling in across both markets so time to take the plunge. Whats 10% when the company you are investing in is silly cheap anyway.
Fundamentals look good with good news flow over the next two months. Specifically results in December, Q3 Update in January and then confirmation that the funds have been fully raised (assumed a certainty) end of January. As I said techs look cracking. Golden cross looks pretty imminent as well so might get some tech buyers coming in. Only wish I has seen it earlier as there is a clear assending line of support @ 1.8-ish going back a year or so Will start to scale in tomorrow morning. Going to keep a very close eye on that 200DMA.