Asiamet Resources Share Discussion Threads

[davocon] 13/9/2018 10:14

Ah drat, was hoping for another ping Mr Roper, no pongs though please!

[mr roper] 13/9/2018 10:12

Copper strong again

[mr roper] 13/9/2018 08:58

Trade wars won't stop urbanisation. Add another 3bn people to the world population in the next 30 years with 2/3 in cities. A while lotta copper goin on

[highly geared] 13/9/2018 08:25

Jailbird, the only accurate prediction on copper , as with everything else in life, is that it will be unpredictable....
If everything was a slam dunk, investing would be easy.
Trump and trade wars is the headwind at the moment.

[jailbird] 13/9/2018 06:34

Two articles with slightly contrarian opinions on copper prices and outlook .. published a day apart !https://www.ibtimes.com/copper-prices-rebound-end-2018-demand-seen-steady-analysts-say-2715652https://www.mining-journal.com/base-metals/news/1346509/s-p-lowers-copper-zinc-price-outlook

[lauders] 13/9/2018 02:30

Mrpiggy 11 Sep '18 - 08:51 - 16132 of 16173 0   1  0

Q. Does this sound like the type of guy who would spend years of his life on a non starter without taking into account the Indonesian governments stance on their own natural resources?


Thank you for the link Mr.P! Not seen that before.

There was a clip on the BBC's morning business news this morning about this event:

More evidence of the push towards electric and all the Cu that will be needed!

[mount teide] 12/9/2018 23:24

Big Big Oil Faces ‘Monumental217; Costs to Reach Climate Goals, JPMorgan Says - Bloomberg today.

'Europe’s largest oil companies must roughly double the amount of money they’re now dedicating to “new energies”(Renewables) by the end of the decade to meet key climate targets, according to a report from JPMorgan that suggests the challenge facing the fossil fuel industry has been vastly underestimated.

In some cases, to achieve emission reduction goals, or protect their portfolios against future declines in oil demand, companies such as Total SA will have to vastly raise their overall capital expenditure budgets. If the sector does double what it dedicates to clean fuels by 2020, it will still need to double it again within five years, or risk losing credibility in discussions about climate change.

Using a model built on public statements from the eight largest European oil companies and industry “best practices”, the report paints a picture of a sector not fully prepared for a rapidly approaching, and enormous change. Spending more on clean fuels/renewables will help in climate discussions, but could cause them to miss oil and gas production targets or return less cash to shareholders that expect a rebound in crude prices to fatten their pockets.

“We’re not really bracing ourselves enough,” said Chrystian Malek, head of European, Middle East and African oil and gas research at JPMorgan, in an interview. “If they’re really going to lower their carbon footprint, the dollars that they have to spend are monumental.”

Malek said he created the report partly to “hold their feet to the fire”. Oil companies have stated goals related to cutting their own operational emissions, reducing flaring and shifting their portfolios so the products they sell emit fewer greenhouse gases. JPMorgan cataloged those targets while adding in its own forecasts for upcoming emissions rules globally to determine how much companies should spend.

The largest European oil companies spend about 5 percent of their capital expenditure budgets on “new energies” -- low carbon energy fuels and systems. That needs to rise to 9 percent by 2020 and then 17 percent by 2025, according to the analysis. The largest company in the study, Royal Dutch Shell Plc, will more than double its spending on clean fuels in 2025 to $4.5 billion a year. That’s up from $1 billion to $2 billion now, the report said.

For some companies, such as Shell, that’s affordable. The Anglo-Dutch oil major will have a $27 billion capital expenditure budget for all energy in 2025, and can afford to reduce what it dedicates to traditional fossil fuels in favor of low-carbon investments. Spain’s Repsol SA, which already dedicates 15 percent of its capital expenditure budget to new energies, and Norway’s Equinor ASA are also relatively well-placed to face the change.

Other companies, such as Total, aren’t able to spend less on oil and gas without missing production growth targets. The French oil major will have to roughly quintuple new energy spending to $2.8 billion by 2025, but can’t afford to cut its spending on traditional fuels. It will need to raise total spending in order to keep all its promises, which could hurt shareholder returns.

The scope of the challenge -- and the difficulty of quantifying it -- may factor into why shares of the largest oil companies haven’t rebounded along with a surge in crude prices. The Stoxx Europe 600 Oil & Price Index is up 7.5 percent so far this year versus a 17 percent rise in Brent crude.

The industry is set to deliver record cash flows, can meet its production targets within its existing capital framework and has kept a tight leash on spending. But the chorus of critics arguing against fossil fuel use is growing stronger, which means it’s unlikely the biggest oil companies will still be able to acknowledge climate change without dedicating enough capital to address it, Malek said.

“They could kick the can down the road; they could all possibly do that,” said Malek. But “customers are breathing down their necks, and when they’re walking to investor meetings, I think it’s now a real problem.” '

[markth126] 12/9/2018 22:27

Why exactly are we hoping for from BFS? What will be good and what will be a disaster

[pyglet] 12/9/2018 20:49

Only 12 more working days until the BFS!

[jackbal] 12/9/2018 18:14

Some of those large trades are rollovers in my opinion.

It would explain how such size can be bought inside market spread.

[mrpiggy] 12/9/2018 16:33

Ageed, or very Hollandesqe.

[mr roper] 12/9/2018 16:30

Well..that was a roller coaster of a day eh!

[shareideas1] 12/9/2018 14:30

It was between bid and offer which is totally possible through any high touch broker

[mr roper] 12/9/2018 14:22

Copper just Pinged!

[mrpiggy] 12/9/2018 14:18

Possible but I fail to see how they can buy such a volume at LESS than the current share price

[mr roper] 12/9/2018 14:14

That would make sense.

The Ping is always oiled and ready, Mr p

[shareideas1] 12/9/2018 14:04

The big 9.95p orders are probably buys, against the large 9.80p sells... they broadly net off

[mrpiggy] 12/9/2018 13:57

Likewise Mr R, I too get the feeling we are on our way up but sells soaked up how? the MMs normally drop us for fun so there's something going on in the background. Large Delayed buy perhaps. Have you oiled the ping just incase its needed?

[mr roper] 12/9/2018 13:50

That was soaked up pretty easily,Mr p. On our way soon methinks

[mrpiggy] 12/9/2018 13:41

Hmmmm, better volume this afternoon albeit sells but no movement on share price ... wonder whats going on?

[arhaych] 12/9/2018 11:28

Thanks knokke1 - volumes are still yet to return.

[knokke1] 12/9/2018 11:14

L2 watching: paint-drying (x1) vs grass-growing (x1). 9.92 (BEGO) vs 10.10 (x2, inc. LCAP).

[mr roper] 12/9/2018 10:55

ICSG copper market 96000 tonne deficit in April v 66000 surplus in March. The market is tightening