The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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#PIZZAGATE is real imho. Have you watched Out of Shadows or The Fall of the Cabal??.....
Please excuse typos
Continued...
Those of us old enough to remember Hong Kong flu back in the 60s will know that possibly as many as 90000 people died and the economy just carried on. And the way that the daily statistics have been massaged and presented makes it almost impossible for Joe Bloggs to get an accurate picture. Indeed, we are not told that people died of Corona virus, but that they died having tested positive for it.
So in conclusion, whilst I don't subscribe to some the the more fantastical conspiracy theories, I am sceptical that our interests have not been best served and that we will never know the full truth.
Each to their own opinion regarding covid. I personally prefer to ster a middle line. From early on it was evident that whilst this virus is quite virulent in its ambitions, the vast majority, if infected, will suffer relatively mild or no symptoms. It was also evident that the very elderly and those with underlying conditions were much more at risk and the daily and weekly mortality rates have confirmed this.
I was clear myself from the word go that we should put a protective ring around care homes and the vulnerable and that the rest of us should carry on as near as normal but with some social changes and facial covering.
Politicians relied far too much on a small group of so called experts some of whom were possessing in the wind and others who may have had very different perspectives from ordinary working people. In my mind we have almost destroyed our economy at a time when Brexit is about to be finalised. Also many fundamental mistakes have been made which have baffled we ordination mortals. Let's also not forget the peccadillos of some senior scientists and politicians.
Unfortunately there are too many people that either believe covid-19 is a hoax or otherwise lack the capacity to understand the seriousness of the situation.
What that means for the rest of us is that the virus will linger in populations for longer and kill more due to the stupidity and selfishness of a few
What anbsolutr rot.
Hoax virus, people need to grow up and stop screaming conspiracy.
You are suggesting the world medical institutions are in on this?
Rosewall, 4 percent of the population.....?? The Pandemic you mean....??? Has only reached 4% of Scotland....?? A virus so deadly that you have to be tested to find out if you had it or not...?? Obvious hoax. Hospitals are empty and have always been. Plenty of whistleblowers out there!!
Tobin
Agreed. And it doesnt include the many that have died due to post Covid complications. The figures released by the First Minister today, if I understand matters correctly that only 4% of Scotland's population have been exposed to the virus. Scotland has had just under 4,200 deaths from that 4%. There is another 96% just waiting to be infected.
Many thanks TT - and I guess that doesn't take into account the cash spent on on-going capitalisation of the Zambian Sable Refinery?
Pretty impressive for 4 months of production from a junior with an MC of less than £85M.
The Unaudited Interims show a closing cash balance of £10.2m as of 31st Dec 2019.
Cash position to 30th June was £10.8m.
£1.4m spent on PGM & Cr rights purchase and £2.5m spent reducing debt.
Thus minimun cash generation was £4.5m for the 6 months to June 30th.
Slight variances will occur due to exchange rate but much larger ones due to the timing of when payments were received.
A cash position of £10.8M is certainly a good place to be in, but due to content inconsistencies in the financial updates I am finding it hard to calculate exactly how much the cash has increased over H2 2019. Does anybody know what the cash position was on Dec 31st 2019?
Many thanks in advance.
How do you test if a vaccine works? Think about it. Think about how you develop and test a vaccine, to make sure it's safe and works for a cross section of the population - and how do you find out how long it lasts? Think about how long that may take to test.... We will be very lucky to see a vaccine that works, 100% works, in 2021. Lucky.... or guinea pigs...
the 45,000 covid deaths are those with a diagnosis of coid. Doesn't mean they wouldn't have died anyway, but doesn't include those who died of covid without a positive diagnosis, and in the nursing homes that has been a lot of people. Nor does it include the deaths that occurred that probably wouldnt if the health care system was working as normal. The total excess deaths are over 60,000.
This is far less that would have happened if the UK followed the original plan of letting herd immunity develop. Herd immunity needs 40million+ of our 60million population to be infected. So far it is 6-7million. It may be that herd immunity occurs at a lower level, 43% has been mentioned in on e study in recent days. But it maybe that immunity doesnt last either. And there has never been an effective vaccine for any coronavirus ever. And it may yet mutate.
We live in uncertain times.
The point I was making with the vaccine was that work will go back to the new normal instead of this stop start stuff which will continue to influence the markets on a daily basis.
South Africa has the highest infection rate in the world at the moment and it won't take much for them to introduce level 4 or 5 lockdown again. There is no hospital bed space in the country and atm SA is still the main revenue driver.
No pandemic, really? So the the Government has made up 45k UK deaths so far? Governments across the world have put their populations into lockdown and deliberately wrecked their economies for no reason?
I suppose at least its a slightly more plausible conspiracy theory than saying 5G spreads it.
Less than 1500 deaths in UK with just covid on death certificates after 17weeks. Less than 400 under 65yrs old. Pandemic is absolute garbage.
Well I'll certainly feel happier when a vaccine is found. Far from certain what the recovery rate is, but 578k deaths from 13.3m cases currently isn't a 99.9% recovery rate. And growing evidence that many of those that do 'recovery' have permanent lung damage or are developing other conditions such as diabetes.
Scary stuff really when you can catch it just by standing to close to someone. Its no wonder the markets jump up at every slightest indication there may be a vaccine ready within the next year.
Vaccine for what?? Something that 99.9% of us recover from... lol. PIZZAGATE,
I’m not convinced it’s a trust issue. It’s an open secret on targeting another major deal. The question is how is it going to be financed, with the assumption of another placing. If we did it using cash then that would unlock the SP. Until this pops I’m not sure it’s going too far?
Can't see any divis in the foreseeable IMO.
Extract from 6 month update LC suggests the cash may be utilised here....
"We have targeted a second copper resource which if successfully concluded holds the potential to be brought into operation well in advance of our Project Elephant. This would secure a sustained copper ramp-up prior to Project Elephant being commissioned. We have set ourselves a target to achieve the production of 25 000 tonnes of copper per annum within the next 4 years.
At circa $3 lb that's approx $165m p.a. ...not bad.
And with the EV story unfolding surely a lot of copper will be needed.
GLA
Copper prices better, chrome prices better, platinum price steady. Definitely bodes well for the next quarter.
C'mon vaccine - will be the rocket fuel we need :P
GLTA
Interesting that JLP managed to increase its CIB over H" with only 4 months of production and 6 months of overhead - and att he same time pay off almost £4M of debt.
This means that , even without addition revenues being included , with 6 months of full production the existing plays should show an operational half year profit of around £7M for H2 2020.
That alone should be enough to more than justify the current SP and we know that revenues are set for a significant increase in the current F/Y - so, yes an SP of 11p is possible, maybe even inevitable, but not just yet...
What a transformation is going on. Long term large future earnings now becoming visible through the copper strategy. Growth is the order of the day and every bit of the significant free cash flow from the South African projects will be needed over the next two years at least to partially fund the large capital expenditure. The balance sheet hopefully will support debt funding secured on the additional plant facilities that will be needed to cover the balance, but it would be of no surprise to see large new IIs investing at hopefully a small discount to market price. I cannot possibly see any dividends or share buybacks for two years at least but hopefully good share price growth as the copper strategy unfolds and starts to be delivered.
CaveatEmptor - 100% Agree
Hoping the recent fundraising placements are behind us unless a mega project is in the offing. As long as JLP continues to build its positive cashflow I am happy (We have tremendous monthly positive cashflow now which for me would justify a rating nearer 5p). I prefer new projects to dividends given our advantage IP position may not be indefinite but crucially for either, LC needs to continue his delivery of projects - overall he has been fantastic at this but IMHO at present we have a couple of potential completer finisher issues floating about - Kabwe in particular. Hoping to see progress on these also to move from V Good to Great management.
NtD
I didn't invest here ever expecting dividends, plenty of solid FTSE100 companies that have decent yields if that's what you're looking for. With this kind of small cap miner, the intention is capital growth to see a return.
But looking at the growth in the last few sets of figures, the WHI note, and comparing to SLP, its looking more likely that it could happen. I'd say November/December 2022 to be penciled in as the first likely date for a dividend payment. WHI estimate the 2021 profit to be £45m, then 2022 at £56m. I'd expect most of the 2021 profit to be used up for capital outlay for current and additional projects. Our reporting year ends in June, with full year results normally released in November. Therefore, first dividend payment could be announced in November 2022 for year ending June 2022.