Gtl Resources Share Discussion Threads

[mikey34] 14/10/2010 12:24

Cerrito,
Just read your summary of the AGM.Many thanks for taking the time to share it.

[spaceparallax] 14/10/2010 10:03

Superb news - methinks another 50M facility extension will be announced very soon and we know who'll be building it.

[clunes100] 14/10/2010 08:18

The prospect of higher ethanol prices due to market demand to meet the 15% mix should help support the share price and given GTL's low market cap. compared with assets and operations/efficiency/proximity to market etc, I would have thought the potential for GTL being taken out is higher and will remain so until the share price better reflects their true value. This year's results should be interesting and I wonder if the management will look to further expand production.

[aceuk] 13/10/2010 21:23

LOL!

CORN FUTURE (USd/bu.) 569.250 -9.750 -1.68% @14:15

[dnfa1975] 13/10/2010 10:04

why are profits to fall this year

[aceuk] 11/10/2010 20:49

By Jerry A. DiColo
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Crude futures settled down Monday, though rising gasoline futures prevented a larger drop due to the strengthening dollar.

Gasoline futures continued a two-day rally sparked by Friday's government report on U.S. crop yields. The U.S. Department of Agriculture forecast lower yields for the U.S. corn harvest, sparking rising prices for ethanol, a fuel additive, that pulled gasoline along as well.

"The crop report was very, very bullish for those that are in the ethanol side of the marketplace, so it is prompting further upside for gasoline," says Tony Rosado, a broker with GA Global Markets.

Front-month November reformulated gasoline blendstock, or RBOB, settled 1.43 cents, or 0.7%, higher to $2.1655 a gallon, the highest settlement price in two months.

Higher gasoline prices provided a floor for crude on an light day of trading due to the Columbus Day holiday in the U.S. and holidays in Canada and Japan as well.

Light, sweet crude for November delivery settled 45 cents, or 0.5% lower at $82.21 a barrel on the New York Mercantile Exchange.

Brent crude on the ICE futures exchange settled down 32 cents at $83.71 a barrel.

Without the tug from fuel products, analysts said the stronger dollar Monday would have sent crude futures lower. Oil has traded above $80 a barrel throughout October, rallying as the dollar tumbled to an eight-month low against the euro while also dropping against a basket of other currencies.

Oil traders have closely watched the dollar's fall in recent weeks, as a weakening dollar makes crude cheaper for buyers in other currencies.

The euro was recently down 0.4% to $1.3890.

The recent rally in crude comes despite a supply glut for oil and fuel products, with U.S. inventories hitting a 27-year high last month. Weekly inventory data from the U.S. Department of Energy is expected to show a 1.2 million barrel increase in crude supplies when the report is released at 11 a.m. EDT Thursday, according to a Dow Jones Newswires survey of analysts.

"From a purely fundamental standpoint, oil is high and overbought. I don't think the fundamental backdrop of this market can keep it trading in the mid-$80s for very long without the dollar continuing to move lower," said Matt Zeman, chief market strategist at LaSalle Futures.

Fuel product supplies are expected to drop, however, in the weekly government data. Gasoline stocks are seen falling by 1.2 million barrels. While distillates, which include heating oil and diesel, are seen falling by 1.3 million barrels.

Meanwhile, ships continued to be blocked from unloading Monday at Fos Lavera in southern France, the world's third-largest oil port, due to an ongoing strike.

Strikers protesting national harbor reform prevented the unloading of 20 crude oil tankers, 17 tankers of refined oil products and 12 natural gas tankers, among others.

November heating oil settled 0.29 cent lower at $2.2790 a gallon.

[0405] 11/10/2010 10:18

what about the price of corn rising 15% in the last two trading sessions?

[caveat_emptor] 09/10/2010 09:05

Announcement will come at appropriate time before the Chicago election!!!

[bsg] 07/10/2010 13:28

Seems to be a 25k man soaking up the sells.

[chairman2] 07/10/2010 12:53

We owe Cerrito for the report on the AGM.

I cannot imagine any longer why they have a UK
quote - especially given wht it means for their
executive share ootions.

I fuly expect them to repatriate like my other
'green' investment Renesola.

[caveat_emptor] 07/10/2010 07:32

What do you expect when a cash cow, high revenue earner,
and in the top 5 of America's Ethanol "profits league",
is valued at one fifth of it's nearest peers......such
as exampled by me with GPRE's data!!!

Anyway...it's going to happen.

[bsg] 06/10/2010 14:52

I wonder if all these sellers realise what could just be around the corner?

[ljsquash] 06/10/2010 11:45

700,000 + through yesterday in two trades, so something happening.

[caveat_emptor] 06/10/2010 07:58

I am genuinely expecting this to blow any time now!!!

[caveat_emptor] 05/10/2010 09:13

Much of the vote in Obama's constituency, of Chicago, will be
influenced by opinion in the Corn Belt.

Logical to assume announcements in support of E when his
White House COS stands in November's election.

[puffintickler] 05/10/2010 04:15

Hi Cerrito

Many thanks for taking the time to do your agm write-up.

Glad to see they have finally seen that their so called hedging program was actually a way for CBOT to extract money from them. I think in general management here have been ok but price management has been lousy.

Interesting impression on blenders credit< I have always been of the opinion that it is of limited importance now and that the % blend is the crucial element. That seems to be the management view which is reassuring.

[cerrito] 03/10/2010 21:48

Was at the AGM last Wednesday.
Big picture is that they are good professional people.
Somewhat to my surprise was told that margins in the third calendar quarter have been better than the second one. Note Trading statement that have exceeded expectations but have no clear understanding of what the expectations were..except that I see from Digital Look that the only estimate(one assumes from Arbuthnot )was for £2.36m in the whole year which is not a very challenging figure.
Plant has been running well..my memory is at a rate of 110,000 gallons pa and DDGS market doing well with increased demand from China. Given the importance of gas pricing for DDGS they must have made a bundle in the last couple of months from DDGS as gas prices have been low and corn high.
The fire insurance money has been received but settlement on the litigation on the cracks is a next year issue.
Confirmed that decisions on zein will be taken in the next 12 months; reviewing m &a but nothing imminent..would be rather surprised if they did anything as I guess the bargains of last year have gone; overall did not expect much incremental capacity nationwide coming on stream in the next 12 months..it was announced in the last week that one 50Kpa unit is being restarted-did not gather where..
In terms of the blender credits commented that given Congressional elections everything comes to a halt and I got the impression would not be extended by the end of December.They gave the impression of being relaxed..not sure if was due to the fact that nothing they can do about it or did not feel it would affect their business. It may well be that blender's credits will be changed to a form of credit system to bolster infrastructure.
Seemed more frustrated at delays in allowing 15% or higher ethanol blends..alot of testing needs to be done. Not clear that there is the infrastructure for having a variety of different blends at the pump; ideal would be to have Brazilian style pumps where you can turn the dial to give you the blend you require but will take time. There are 7m FFV(Flexi fuel vehicles)who could take higher than E15.
Discussed hedging strategy in light of $9.5m hit in the FY to March 2009. Confirmed that they are not and have not being doing the strategy that caused these losses; from what I understood of their explanation is that when they buy the corn they presell the ethanol that will arise from this corn..there continues to be no forward ethanol market and the longest that ethanol buyers will lock in pricing is for delivery in three to four weeks. Did not discuss what happens when they cannot lock in a positive spread..one assumes that this has not happened as they have been running in excess of theoretical capacity.

In terms of the share price given the limited visibility in earnings difficult to be very forceful in one's thoughts but if anyone can make a go of this these people can.

[caveat_emptor] 01/10/2010 09:39

Everyone here should keep a weather eye out for GPRE which is
a unique barometer to the future of the E market in the USA,
owned as it is by a FOREIGN company, aggressively on the "expansion
by acquisition" trail; seeking out investment opportunities in the
much undervalued ethanol industry, and so well placed to have a
window of the thinking of the administration in Washington, particularly
as regards the two areas mentioned by GTL in this week's results, as
being of strategic importance to the future of their business.
The major shareholding in GPRE is the above mentioned NTL now selling
everything to fund GPRE's expansion!!!

CE

[caveat_emptor] 01/10/2010 06:44

NTL featured here with it's latestAmerican E acquisition this week, has sold all it's(hugely lucrative) Road Toll points in Ireland to re-invest in Renewable Energy (E to you and me)