GDP is not the only economic factor that has a bearing on property’s performance. Retail property performance is correlated with retail sales and, historically, with the propensity of the UK consumer to keep buying through thick and thin, retail property has been a good steady performer. It’s not looking quite so good now. As a rough approximation, the growth in total retail sales volume is equal to the growth of online sales volume, implying that bricks-and-mortar sales are static. The failures of traditional retailers over the past decade or two illustrate the problem well; for those businesses, their leased properties have become a liability.
Berkeley Energia AIM/ASX: BKY announced a proposed fundraising on today, in a bid to accelerate the development of the Salamanca project in Spain, including construction of the crushing circuit and other infrastructure items.
The company said the fundraising would take place through the issue of new ordinary shares at a price of 45p, to raise between $25m to $30m (£16.1 million to £24.1 million) before expenses (the “Placing”).
It said the placing shares are being offered by way of an accelerated bookbuild, which was launched immediately after its announcement on Friday morning.
The board explained that, following a decade of exploration and $60m of investment, development of the Salamanca mine commenced in August 2016 and is now well underway.
Welcome to Share Talk and Steve Shares. This publication is an interactive update on what’s happening over social media and the trending stocks that have made the news this week.
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Sad day for New World Oil share holders, Directors Adam Reynolds and Nicholas Lee looked to have been turning the corner with a RTO business plan in place. Share Talk last spoke with Adam November 2015 and he was very up beat about the future, restructure of the company.
New World Oil has had a long checked history since listing on the London Stock Exchange AIM. The new management picked up the pieces after the 2015 debacle from the previous CEO, directors. It was always a big ask and sadly it was a step to far.
Share Talk will contact the New World Oil management team and we will update if they are available to give an update – interviewed.
Certain commodities tend to fly under the radar for periods of time.
For example, it was only in the last couple of years that markets have been able to digest the potential impact of the electric vehicle boom, and what it may mean for raw materials. The lithium, graphite, and cobalt prices reacted accordingly, and suddenly these essential ingredients for lithium-ion batteries were hot commodities.
Another one of those metals that comes and goes is zinc – and after shooting up in price over 35% this year, it definitely has the attention of many investors and speculators again.
Today’s infographic comes to us from Pistol Bay Mining, a company that is too focusing on zinc, and it highlights 11 things that investors need to know about a metal that is gaining substantial momentum.
LGO today announces the Group third quarter production and provides an update on its operations in both Trinidad and Spain.
The Group’s third quarter 2016 production was an average of 526 barrels of oil per day (“bopd”). A total of 48,358 barrels were produced during the quarter; 38,354 barrels at Goudron, 1,232 barrels at Icacos and the balance of 8,772 barrels in Spain, all net to LGO’s interest.
Production in Trinidad was materially affected by a number of electrical power outages in the field caused by seasonal storm activity including Tropical Storm Matthew. Underlying production, corrected for these seasonal variations, was flat quarter to quarter. The work-over activities carried out by the Company as previously announced fully counteracted declines in the base production at Goudron and, during October, production has risen as those wells have cleaned up and continued to perform strongly.