Brexit Wars 3 frog_in_a_tree: he described himself as an “incel”, or “involuntary celibate” – a term popular in some anti-feminist circles to describe men rejected sexually by women. What’s wrong with ‘ugly’?
BP Energy Outlook 2019 Off-topic but talking about indecent, I have been following the “indecent” pay demands of footballers at Man Utd. and other clubs. I see the poorly performing Pogba is requiring £500K a week … many middle management would be pleased to earn that in TEN YEARS. A world turned on its head. That we should make a “few” grand having invested in the good Dr’s idea and kept the faith throughout is really only decent reward.
Brexit Wars 3 Sir_Buns-Up_Knealing: It has not been understood by Brexit supporting politicians at Westminster. Or voters.
Brexit Wars 3 J_Westlock: I’m not a Labour supporter and have never voted for them… nor probably will How do you keep a straight face…you’re such a dyed in the wool Corbynista that it’s a wonder that you haven’t got SBK’s image (Che) tattooed above your left nipple (oh, you have!!) It’s only that you’ve sold out to the Yank petro dollar that you have to pretend that you’re not a leftie sympathiser…nothing wrong with that per se…but a bit of honesty would go a thousand miles.
Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever OilPrice.com Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever | OilPrice.com Since the oil price collapse a few years ago, Saudi Arabia has struggled to get its finances in order, but things appear to be getting better for the Kingdom Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever By Tim Daiss - Apr 24, 2019, 40 PM CDT Things are starting to look good financially for Saudi Arabia again - very good. The de facto OPEC leader and world’s largest oil exporter said today it posted a budget surplus of 27.8 billion riyals (U.S. $7.4 billion) in the first quarter of the year. The Kingdom actually posted a budget deficit of 34.3 billion riyals in the first quarter of last year as the Saudi economy emerged from a recession in 2017, the first time the economy had shrunk since the global financial crisis nearly a decade earlier. According to its 2019 budget, Saudi Arabia plans to increase state spending by 7 percent this year in an effort to spur economic growth that was hurt by low oil prices late last year. Saudi finance minister Mohammed al-Jadaan told a conference in Riyadh on Wednesday that expenditure in the first quarter amounted to 217.6 billion, slightly higher when compared to last year. Not only has Saudi Arabia pivoted from a budget deficit, but the goal of some of the Kingdom’s energy players of having oil prices near $80 or even more per barrel is also now in sight. Global oil prices so far this year have already hit multi-month highs amid the OPEC+ oil production cut put in place at the start of the year to remove 1.2 million barrels per day (bpd) of oil from global markets, as well as output losses coming from Iran and Venezuela from U.S. sanctions, and also loss of output in Libya which is embroiled in fighting around Tripoli. Moreover, now that President Trump has decided to not renew waivers for Iranian oil imports, prices have plenty of upside potential left. Fiscal break-even point Several industry sources recently indicated that Saudi Arabia needs oil north of $70 per barrel to help shore up its coffers. Officially, of course, Riyadh doesn’t comment on what oil price they would like to see. The Kingdom maintains the same well-worn line that price levels are determined by the market and that it’s merely targeting a balance of global supply and demand. However, the International Monetary Fund (IMF) said in February that even $70 oil is not enough to balance Saudi Arabia’s books over the long haul and that Riyadh needs oil between $80 to $85 per barrel - the so-called fiscal break-even point. Saudi Arabia’s budget surplus for the quarter, nonetheless, is a major turn around from just a few years ago when it appeared that the Kingdom was coming apart financially. In its now obviously ill-planned decision in late 2014 to abandon its role as global oil markets swing producer and actually ramp up production as oil supplies were increasing and prices were tanking, Saudi Arabia hurt itself as much or more than U.S. shale oil producers it wanted to drive out of the market - though Riyadh vehemently denied it was trying to drive U.S. producers out of the market. The officials’ line was that it was protecting market share, particularly in Asia where competition from other OPEC producers and Russia is fierce. However, that late 2014 decision almost bankrupt the world’s wealthiest oil-producing nation. Oil prices plunged from above $100 per barrel in mid-2014 to dipping below the $30 price point in January 2016. Due to low oil prices, attributed to the supply glut, the Kingdom – which derives as much as 90 percent of its revenue from oil sales – ran a historic budget deficit in 2015 of $98 billion, with around $87 billion in 2016. As a result, Riyadh Kingdom was forced to raise cash, some $16. 5 billion, in its first international bond sale. Going forward With oil prices still trending upward and with the OPEC+ group of producers, including non-OPEC oil kingpin Russia, still in agreement, any repeat of the 2014-2016 crash in global oil markets seems unlikely in the foreseeable future. The question now, at least in the short term, is: Will Saudi Arabia ramp up production to offset the loss of Iranian barrels due to Trump’s refusal to renew Iranian oil sanction waivers? And, if it does ramp up production, when and by how much? It’s likely that the Kingdom will let prices continue their northward trajectory - even if Trump calls for more production via Twitter - before they actually take decisive action. For the Saudis, oil at $85 a barrel or more would be a delightful development - especially for its budgetary needs. By Tim Daiss for Oilprice.com
Decided to buy some Could prove to be a good price. They still have around 500,000 ounces of PP grade gold which is typically valued at $140 per ounce in the market. That is $70M USD. Dugbe is valued at $36M after Liberia takes its cut if they just sell the whole lot to another company. The 1.5M ounces at other grade is valued $10 per ounce. The value becomes £93M. The stock price is £60M or so plus £33M net debt. Once the company announces say 300,000 ounces of new PP grade gold the value increases $130 on 300,000 minus an additional 300,000 ounces from inferred unless they found new sources they can infer as the infer conversion is around 50%. The net value increase is $36M on the SP which should add 7p onto to the share price if the PP increase is that high. All the above is my own opinion as everyone values different grades of gold in the ground differently depending on continent being mined in, grade of ore, type of ore for processing and the like. The company senior management need to stop making mistakes. They are now in the last chance saloon. If the person in charge is making nearly $500,000 plus a year they in particular need to demonstrate they deserve it on providing good results to investors. The annual report is due in May and we shall all learn a lot of what was going on throughout 2018. It would be ideal if the new reserves and resources report was published just before the annual report came out. The 4th quarter with a second ball mill may deliver 40,000 ounces and could be the hail Mary result they get to hit results for the year or get very close to it. They could also hit high grade ore at that time so averaging down the AISC quite a bit. Finally the communications from this company has to improve. They could learn a lot from what a company like Centamin achieved today.
Brexit Wars 3 J_Westlock: Since Corbyn was elected… and entirely knowingly… the Party has moved to the grassroots control… rather than the parliamentary independence route… which is why some Labour MPs have had their powers clipped and aren’t happy about it. There’s the dilemma for the Labour party…we have very sensible Labour MP’s (IMO) who are being threatened with deselection because they don’t agree with the hard left (mainstream???) of the party. Then we have conference (which is supposed to represent membership grassroots) who demanded a 2nd referendum and the Labour ‘leadership’ fudged some lilly-livered commitment to think about a ‘possible’ 2nd referendum of sorts…a pathetic attempt to please everybody that actually pleased nobody.
Is this the week? Yours is the driest sense of humour I have come across to date, chilternsb…
Brexit Wars 3 The deletion of posts is bizarre. I believe in freedom of speech, is that becoming a rare commodity these days? No issue if someone is either pro or anti Brexit. Put the views forward for reasonable debate. Same with investments/trading etc. Weird. Then again I see the same on another very large forum that has nothing to do with investing. Stifle free speech. soi
LME Nickel Stocks Nuno Possibly. TDT
LME Nickel Stocks [link]
LME Nickel Stocks TDT In my point of view, the sanctions that the United States is taking against Iran is the justification for the value of the dollar. Curiously, it was something Trump lamented, since a strong dollar means more expensive exports.
XTR , video from XTR , presentation at Investor Show 2019 I’ve listened to the presentation video several times now and feel more confident for doing so . Appears a couple posters on L.S.E. bulletin boards would like a cheaper entry price and so would I for the 550k shares I sold at 0.76p /share to relocate to my self select ISA account but honesty is best policy . Hence there will be no cherry picking from me with regards to Zambia and this is what Mr. Colin Bird said about it . " It’s not going to be expensive our partner wants to subscribe to his position . We’re in production creating cash and that cash is going to get greater . Hopefully if I can get the timing right we won’t be going out with a placing bowl to finance Zambia because I’ve kept it low key . If we do discover something and cannot fund out of operations the market supports discovery and boy does this world need new copper discoveries . " We know Sino 2 new alluvial agreement started February 1st but what we lean’t in this video is the alluvials will be done with within 15 months at anticipated throughput rate by Sino 2 , That’s overburden removed from hard rock within 15 months . We learn’t from those who attended the show Sino 2 have 4 alluvial processing plants on site already hence is this being ramped up to more alluvial processing plants since Mr. Colin Bird emphasised in the video cash income is going to get greater . Whilst we await news from Omnia we already have them signed to an agreement to process all hard rock at Manica other than fair brides . Be nice to learn what progress they’ve made and whether fair brides has been included in a new contract … wow … news to come by the bucket load by the seems of it . Does make you realise why the Market Makers have walked the share price up from 0.68p /share day of presentation to 0.835p /share to buy last thing today . Walked up on low buying volumes too yep the sells like mine were meant to got into my ISA account sad how Halifax refuse to do a B&B first year I’ve had that problem with Xtract Resources shares but I’m sure we’ll find out soon enough why they’re playing hard ball .
OT - Comp winner: jackdawsson I heard that P_____E . . . . . Bunsey…
Brexit Wars 3 donnydaws: The leadership, or the elite of the party have moved away from the core voters, and are now careerists, ex students and leftists. That might be a popular view expressed in the various Tory Media outlets but it firs to reflect the reality. The issue within the Labour Party… if it is an issue… is an old one of: parliamentary independence (MPs controlling the policies and associated with the centre-right of Labour, which has traditionally been in control of the upper reaches of the party… versus … the grassroots control (associated with the left of the party and the more left the greater the extent of the level of control demanded. Since Corbyn was elected… and entirely knowingly… the Party has moved to the grassroots control… rather than the parliamentary independence route… which is why some Labour MPs have had their powers clipped and aren’t happy about it. The way that the Labour Party sets its policies and manifesto is not just the view of its Leader… it is firmed from the whole Labour community. I’m not a Labour supporter and have never voted for them… nor probably will… but I repeatedly see people here and in general in the Media misrepresenting what goes on for their own political ends.
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