Good Morning, the blurry eyes of a fab night! The hotel will be restocking the bar for awhile and it was such a pleasure to get a brilliant mix or as my dictionary states eclectic mix even an Atlas holder that could afford a flight!
We're reminded of the oversupply looming in almost every area from Oil to Tungsten (see price declines left) and coffee as eluded to yesterday. Apologises for the link however I'm not at home/in the office so having to rely on good old Google/sponsored entities for which I have no known connection with. With prices down near 30% its no wonder the Chinese are dictating the tungsten price with the rest of Europe following. Its apparent with the FED moves and promises of low interest rates that the market is growing in its disconnect from the risks.
Just yesterday that Mosman Oil & Gas (MSMN) announced the long awaited Corporate and NZ Resource Update. Amazingly enough, it was with no surprise to those with enough intelligence to tie their shoelaces what the probability / outcome would be. It would be wise if parties would not use the term Petroleum Creek in conjunction with MSMN, perhaps omitting the word petroleum and adding "up the." This is a stock I was advised time and time to buy by various people including some sort of campaign . It would be wise if people re-read the history here. ...How the all-share-takeover's go by the end of the month is anyone's guess.
There's plenty of analysis required on today's capacity announcements for energy companies. One would be wise to look at SSE's lack of wins and the issues it creates for capacity read with electricity price control for the eight years from 1 April 2015. For those looking for a home for Circa £17 billion its back to SVT (Severn Trent) in light of the price controls for the initial buy!
Could Fitbug be the Christmas trade...having been there once it would be rude not to at least consider their announcement fully...New Retail and Marketing deals agreed with Amazon, Best Buy.com and Target.
If ever there was a statement of impending doom it was MirLand's reading of their third quarter Results....but worse to flag the announcement Mirland Dev Corp PLC Retraction - The economic situation in Russia. Then today to MirLand, the Company is providing further commentary now following recent developments in the economic situation in Russia. Combined with...a 'negative' view of the Credit Rating for Bonds. With Inventories of buildings for sale now needing a little adjustment expect some news shortly. Amazingly a significant contraction of stock available for the borrow this morning!
Back later...Atb Fraser
Fraser- The Foreign and Commonwealth Office have today published redacted copies of three letters relating to Pathfinder Minerals pursuit of their Moz dispute, three from Henry Bellingham and one from William Hague. They are from 2011 and 2012 but I feel they are worth showing, if you agree, as they show that the British High Commissioner in Maputo has been fairly active in ruffling feathers and he is backed up in a robust fashion by the UK government.
ReplyDeletehttps://www.gov.uk/government/publications/foi-release-pathfinder-minerals-plc-dispute-in-mozambique
Cheers. The Leggie
Fraser- I tried to send you the magnificent picture of the Petroleum Creek development in its full glory that Mozman control, and which no doubt would have been the main reason that the Saudis started the oil war, given the massive disruption the continued development of the Creek would have put on the worldwide oil market...
ReplyDeleteHere it is, brace yourselves, its stunning----
http://www.oilbarrel.com/2014/12/15/mosman-oil-gas-proposes-reverse-takeover-of-meo-australia/
Nice to see that the Shorters convention went off without blows or anyone being belted on the riverbanks. The shadowy participants can now go back to planning world domination with sinister white cats on their laps on their Bond villain superyachts and hidden Caribbean islands. Perhaps the SPECTRE Convention would fit for 2015 ;-))
Cheers. The Leggie (again)
Leggie, there was talk by a well funded attendee for a shorters convention in London. He'd not started drinking at the point however Ian did convert him but I think that was his fancy dress outing haha. You nearly cost me a mouthful of G&T with that picture! It was amusing to see I was the first to leave via Taxi and some have had to stay another night! TC F
DeleteThe chatter & party was fantastic Fraser. Everyone thought you should do speeches for a living being better than your shorting & thats saying something. You mocked us longs, you mocked the shorts & Atlas found a friend. Never again till next year sheer brilliance. Merry Christmas Ab
ReplyDelete