Curious - LME stocks flat Hola Todos, Many of us monitor LME stock levels and have probably noted that they have been virtually flat throughout January at 180kt. Early January 2017 was similar (not other years though) and I had thought it might be an end-of-year hiatus but it is now 16th January. It is also not a Chinese New Year thing either as that is mid-February. Just wondering! It is highly unlikely that deposits equal draw downs so accurately. Has anyone looked at Shanghai warehouse levels?Guitarsolo - price is good though
Trading Update TU looks good - especially in the emerging markets division.Odey now reduced their short down to less than 2%. Can't see today's news doing much for their position either. That's a shame.[link]
Strong trading update with earnings upgrade [link]
YA done for this month Good morning allJust in case some didn't notice it I thought I would highlight that the last late reported trade yesterday was the final tranche of the 68,613,953 YA share conversion for January. Another great return for them ...In terms of RNS timing (apologies Prior!) having expected an update last week as flagged by Yellow Jersey, it is no surprise that it didn't arise yesterday or first thing today owing to the Martin Luther King holiday in the US. There is some speculation they were waiting for the YA conversion to be sold but to me that is small beer once a stonking RNS is out, so I don't buy that.For reasons already posted there should be an RNS between now and the meeting and my guess is either tomorrow or Thursday bwtfdik. I'm guessing the sp will rise now into the RNS on speculative buying. Only if there is selling I will start to get a tad concerned.GLA
Re: Sold Most certainly in the case of Fastjet.
Re: positive 401 valseek phase 2 trial out [link]
positive 401 valseek phase 2 trial out 401 positive update is out[link]
Quarterly Review Q4 Operational Overview· Commenced gold production on budget and on schedule· Commissioned the 1.24Mtpa carbon-in-leach circuit ('CIL') processing plant at Yanfolilao Targeting ~130,000oz gold in first full year of operationo 107,000oz Au p/a over life of mine at ~3g/t average grade o 1 million ounces gold outside current mine plan - drilling of existing resources targeted throughout 2018 to deliver greater reserve life Q4 Corporate Overview· Cash position ~US$40 million at YE 2017· Cora Gold Limited (in which HUM holds a 33.85% interest) raised £3.45 million and listed on AIM, focussing on gold exploration in Mali and Senegal, offering potential for proximal satellite deposits to provide further feedstock for Yanfolila plant· Soft-launched "1oz Hummingbird" Single Mine Origin pure gold coins from Yanfolilao 1,400 people registered interest within one month of soft-launch [link] Coin sales to commence in Q1 2018, with first delivery of coins targeted by end of H1 2018 Post-Period Highlights · Shipping of gold dore bars to the refinery has commenced · Ramp up to commercial production remains on plan o Plant throughput at 65% capacity during last two weeks of December o Plant throughput reached 75% capacity in January 2018 · Cora Gold announced visible gold in drill core, full assay results to follow shortly from their maiden drilling campaign at Sanankoro· Malian President, Ibrahim Boubacar Keïta, to officially open Yanfolila Gold Mine on 14 February 2018 To view pictures of gold poured by Hummingbird at Yanfolila, please view the gallery on the Company's website: [link] Dan Betts, CEO of Hummingbird, commented: "The last quarter of 2017 saw Hummingbird become the newest African gold producer, delivering the Yanfolila Gold Mine on time and budget. The team on the ground at Yanfolila operated 24/7 over the Christmas period and the ramp up is going well and on track to reach commercial production as planned. I am pleased to announce our first shipment of gold to the refinery has now been completed."
Trading Update and Financial Stability Trading Update Ophir provides a trading update for the year ended 31 December 2017 ahead of the publication of audited financial results on 7 March 2018:Nick Cooper, Chief Executive of Ophir, said:"Ophir has reached financial stability. We ended 2017 in a strong financial position with increased gross liquidity and considerable discretionary capital available for investment. A proportion of this is earmarked for the Fortuna project but we still retain capacity to invest elsewhere in our portfolio to generate significant cash flow growth."Our core Asia business is delivering solid, profitable growth. Our 1bn boe of discovered resources offer asymmetric upside and our under-levered balance sheet provides the means to deliver." 2017 Performance (numbers are estimates and remain subject to the year-end audit)· Daily production from the Bualuang and Kerendan field was broadly in line with the guidance provided in mid-2017 and averaged 11,700 boepd (guidance: 12,000 boepd).· Net cash from production (before working capital adjustments) was in line with guidance at $89 million (guidance: $85 million). On a unit basis this equated to $21 per boe.· Opex was $12 per boe reflecting the low breakeven characteristic of our Asian production base.· Capital and investment expenditure (before working capital adjustments) was below guidance at $104 million (guidance: $160 million). This was predominantly due to the deferral of the start of investment into the Fortuna FLNG project to 2018.· Capital expenditure was allocated as follows: production and development 47%, pre-development 15% and exploration and appraisal 38%. The majority of the pre-development was in respect of Fortuna. The majority of the production and development spend was comprised of spending on Bualuang infill drilling and Phase IV ($31 million) and Kerendan 3D seismic programme ($13 million).· Total liquidity at year-end was $427 million, some $67 million higher than the previous year The Group completed a refinancing of its reserve based lending facility during 2017. Following the year-end redetermination $204 million is currently available under the facility and remains undrawn.o Gross debt at year-end therefore solely comprised the $107 million Nordic bond.o The Group closed the year with net cash of $117 milliono The full year 2017 liquidity ratio (gross debt: EBITDAX) was 1.0 with year-end gearing of 7% (gross debt / gross debt + equity). 2018 Guidance/Outlook (numbers are forward looking estimates)· Average daily production is expected to be level in 2018 at approximately 11,500 boepd with all of the production assets expected to produce at similar rates to that in 2017. The estimate takes into account the continuing unpredictability of offtake nominations from Sinphuhorm.· In late 2017, the Group hedged approximately 27% of its 2018 production. The Group purchased, with a zero cost structure, a Brent swap at an average $59.68/bbl and a call at an average price of $68.08/bbl, both for 3,200 bpd.· Underlying cash flow from production (including Sinphuhorm and before working capital adjustments) is forecast to be approximately $90 million at an average Brent oil price of $57 per bbl. On a unit basis this equates to $21 per boe.· Opex per barrel expected to be $14 per boe, marginally up on 2017 due to planned workover wells on the Bualuang field and some maintenance work at the Kerendan field.· Capital expenditure (before working capital adjustments) is expected to be approximately $150 million. Around 70% of this is expected to be spent on production and development with major areas of expenditure being Bualuang Phase IV ($30 million) and Fortuna ($65 million).· Gross liquidity is currently forecast at $320 million The Group expects to end 2018 with a marginally positive net cash position.o The Group is currently considering options to refinance its outs
Re: Equatorial Guinea Oil Find Morning BB, I've seen that before and it isn't good for the heart or the digestive system!Finance finally sorted for Fortuna, that's all I can think of, unless someone is about to buy our stake in Tanzania?Whatever it is I hope it continues!
Worst Scenario Good morning allI have a few of these and have done a lot of reading, however there are a lot more knowledgeable people on the board, so my question is what is the worst scenario that could happen now.I have a few tokens to throw at the share again, but just on the edge balancing do/don't Sensible replies please if anyCheers Exsol
Re: Hmmm "Given the moaning and groaning I am hearing on other boards, I respectfully suggest that iii would be better off trying to manage a dealing platform that actually works, rather than churning out dodgy pieces of "research" (sic)..."Hi BillIndeed so and as one that has suffered loss through the uselessness of iii`s new platform,I`ve done more than my fair share of moaning.Useless platform and useless analysis on stocks.Amateurs.They are quite rightly getting torn to shreds here :[link] nearly half of yesterday I was unable to trade including not being able to sell a trading share tranche of a stock in profit, when platform back on line the sp had fallen back.They, iii are going to be losing a lot of customers.Sorry for the O/T.I did not manage to buy CARD yesterday, too busy firefighting.Will try again today.ATBsoi
Whats not to love about graphene Somebody posted this on LSE board but I hadnt seen the article before.Published Aug 2017 Researchers from several universities have teamed up to develop a radical kind of transistor. Instead of using silicon, the team used graphene to build a logic gate series that uses less power but could work 1,000 times faster than current ones.GRAPHENE AT IT AGAINThe discovery of graphene in 2004 began a flurry of studies to isolate other two-dimensional materials. Graphene was found to be a wonder material, possessing a set of unique and remarkable properties. One of these is its ability to conduct heat ten times better than copper, the most commonly used conductor in electronics. At room temperature, graphene is also capable of conducting electricity 250 times better than silicon, a rate faster than any other known substance.These properties led a team of researchers from Northwestern University, The University of Texas at Dallas (UT Dallas), University of Illinois at Urbana-Champaign, and University of Central Florida (UCF) to consider developing a graphene-based transistor. In a study published in the journal Nature Communications, the team found that a graphene-based transistor could actually work better than silicon transistors used in todays computers.A quick explanation first: Transistors are key in todays computer circuits, as these act as on and off switches that allow electronic signals and electrical power through. When put together, transistors form logic gates the core of microprocessors, serving as input and output and acting either as 0s or 1s (so-called binary bits). These are what allow microprocessors to solve logic and computing problems.If you want to continue to push technology forward, we need faster computers to be able to run bigger and better simulations for climate science, for space exploration, for Wall Street, co-author Ryan Gelfand, an assistant professor at UCF, said in a press release. To get there, we cant rely on silicon transistors anymore.BETTER LOGIC GATESMicroprocessors built using silicon transistors have been stuck at processing speeds mostly in the 3 to 4 gigahertz range since 2005. Theres a limit to the rate of signals and power these transistors can handle, largely due to the materials resistance. The team of researchers, however, found a way through this limitation by using graphene instead of silicon.The researchers first built a graphene ribbon by unzipping a carbon nanotube (a thin folded graphene sheet). They then applied a magnetic field to the graphene ribbon, which made them realize they could control the resistance of the flowing current through the ribbon. using adjacent nanotubes to increase or decrease the current, the magnetic field could control the flow of current.The teams graphene transistor-based logic circuits improved the clock speed of microprocessors by a thousand times, and would require a hundredth of the power required by silicon-based computers. Plus, these circuits were also smaller than logic circuits that use silicon transistors. This could allow for smaller electronic devices that squeeze in more functionality, Gelfand explained. A similar study also explored graphene as a potential capacitor for quantum computers.An all-carbon computing system still exists only on the drawing board, says co-author Joseph S. Friedman of UT Dallas, but Friedman and his collaborators in the NanoSpinCompute research laboratory are currently working on a prototype.The exceptional material properties of carbon materials permit Terahertz operation and two orders of magnitude decrease in power-delay product compared to cutting-edge microprocessors, the researchers wrote. We hope to inspire the fabrication of these cascaded logic circuits to stimulate a transformative generation of energy-efficient computing.References: KurzweilAI, Nature Communications, University of Central Florida Share This Tweet Thi
Other stocks I am watching LGT, BME, HAS, IOF, and BQE to see what they do next, sooner or later I will invest in some of them. I am waiting till they go down, maybe. MD has bought LGT I hope it does ok for you.I am still invested in ITM I stay in this one all the time. waiting for it to go up one day. I am also invested in Canada HYG to let it go up, it is going up slowly in an S2 chart. Like many others, go up in time.I use to have just a few stocks but now I split the money, and invest in a lot more. I am invested in about 18 stocks at the moment.Here comes another day, good luck everyone.Loadsadough
ATVI, and ROK Hello MD I was unable to buy these two yesterday? So I try again today. ATVI, and ROK in the Nasdaq I try again today.Loadsadough
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