Member Info for BodRuncie

Re: pendulum parachain and linking digital currency transactions.

A lot of people mention how this will improve flow/exchange of Bitcoin/Various alt coins. I'm just thinking about the bear case here for BTC... Digital currencies will most likely have a place in the future, but possibly with Govt-issued currencies instead of the current digi-coins. So, assuming BTC and alt coins themselves don't succeed, to be superseded by "official" currencies...

Would Pendulum still have value for enabling these "official" Govt currencies to move around? If the technology is there, would it be bought out to enable "official" Govt. currencies? Is there still a value in it for the flow/exchange of other blockchain-related items (e.g. things like property deeds will move to blockchain, rather than paper)?

Thanks in advance, still trying to get my head round it all!

I'm with you on Point #2, Sparky, but I'll respectfully disagree with you on Point #1.

Imo, Yu won't be paying a dividend any time soon. With the amount of current market turmoil, and with no end in sight, I don't think a sensible CEO or CFO would consider there to be too much "truly surplus cash" in the sector right now.

Yu will want to deploy profits into scaling up, mergers & acquisitions, taking on customers, grabbing market share to position them best for the future.

I first bought in at a higher price, and loaded up at around 200p, so I'm above water right now (one of my few shares that is) and I'm expecting plenty of growth in the company, to be reflected in the share price, but I'm not expecting Yu to be a dividend-paying stock at least until 2025.

Also from the same article:

- The IMF said its projections did not fully factor in measures announced in the mini-Budget, which included cuts to income tax, stamp duty, national insurance and the cancellation of a planned rise in corporation tax.

- Pierre-Olivier Gourinchas, the fund's chief economist, said: “In short, the worst is yet to come, and for many people 2023 will feel like a recession.”

- The UK is the only G7 economy which is still smaller than its pre-pandemic size.

- The IMF believes higher inflation and rising interest rates will push around 350,000 more people out of work, with the unemployment rate expected to rise to 4.8pc by the end of 2023, from 3.5pc today.

Maestro

I know that. Mattja seems to confuse the geological interpretation with the business side of things. His smug hubris that LND was home and dry after the summer warrants was grating, his patronising assertion that anyone questioning the future performance of the share price is ignorant of what LND have in the ground is annoying. His ramping of the share price sub-20p has been painful to read, especially when it has continued to drop.

I have a lot of money and shares in LND. I am underwater by a decent amount. I want honest appraisal on this board of the company's prospects, not "i told you so"s from someone who is clearly wrong.

It doesn't seem to me that the summer drilling funds will take the company through to a sale, so I am stuck here for a lot longer, watching the sp dwindling away until the next raise and dilution.

Happy to be wrong tho.

This is a fantastic RNS from SEE.

It is so hard to raise money in this current market, and for the foreseeable future, so for SEE to have pulled this off is outstanding work and proof of their technology and faith in their direction.

So much risk ahas been removed, and I'm happy to hold for a lot longer.

I don't know why anyone is panicking when Mattja84 clearly said that LND has raised enough from the sale of warrants that no cash raise is necessary. And if Bill tries to raise funds for more drilling, the boys in the City will say no, because that would violate Mattja84's guarantee.

And if Bill tries to raise funding, perhaps it's because he doesn't understand geology. So maybe he can speak with Mattja84 who will set him straight and tell him all about geology.

He's smug AND correct. So that's the best of both worlds.

*wait for the panic and desperation to subside.

(Not sell.)

It's just an RNS Reach, so clearly no £££ value is attached to it.

But read between the lines. These are the players ITX are in bed with. Everything moving in the right direction.

If Jon is savvy (and I think the undersell/overdeliver model is proof of this), then he knows even a bombshell RNS will get sold into in this market, traders will take their 10% and the share price will come back down.

Lay a few breadcrumbs, wait for the panic and desperation to sell, then push harder when market conditions improve.

In retrospect, it will seem clearer.

You're in for a rough time if you're getting your hopes up expecting big news from or before the fireside chat.

There will be no RNS, no big news.

It's a chance to discuss the progress that has been made, to put some meat on the bones, and get interested in the story. That's all.

Everything else is down 5-10%, so staying at par is a win in the current climate!

Hedges are usually set for a certain price, for a certain amount of gas, for a certain amount of time.

YU seem to have done very well with their hedging predictions, and will benefit from it, but there will come a time when the hedges run out and need to be renewed (which I imagine is a continual process a bit like a conveyor belt?).

Michael Tobin spending another £12,000 on BOOM shares.

He might know/have a hunch that the AAQUA-Bonnier-Candy related selling is near its end...

Ah, that refers to the time period in the financial calendar (ending 30 June 2022) in which the company's earnings were sufficient to allow payment of a dividend to shareholders.

It's just company accounting. To receive the dividend, you have to hold until 16th Sept.

From the horse's mouth, found in the "Dividends" section of the Interim Results RNS, posted on 9th August 2022:

Dividends

"In light of the opportunities to invest in organic and inorganic growth and the wider macroeconomic position, the Board is proposing an interim dividend of 0.45p per ordinary share (H1 2021: 0.26p per ordinary share). This is in line with the dividend policy announced at the November 2021 Capital Markets Day. It will be paid on 11 October 2022 to shareholders on the register of members at the close of business on 16 September 2022."

Hi N2321, where did you read that? If you provide a link I can check it out.

A very reliable website for dividends, ex-dividend dates and payment dates is stockopedia. It's a paid site, but you can get some info for free, so check out this link for RPS dividends:

https://www.stockopedia.com/share-prices/rps-LON:RPS/dividends/

I'm not going to read too much into the analyst meeting, other than it's a sign of ITX growing up from a loss-making company needing to raise money on AIM to a more mature company ready to make a profit and list in the US.

Mature companies have more scrutiny, need to provide more to the City, but in return, gain stable IIs and can advance to the next level.

It's great to see.

No need to leave it in the bottom drawer, good news isn't that far away (relatively speaking).

Maybe stick in the middle drawer instead.

No dividend at the moment. Retaining cash is important for weathering economic headwinds and re-investment in growth.

Please don't expect a dividend any time soon.

Surely there won't be another round of fundraising?

Doesn't Bill know that we've got Mattja's smug and gittish "I told you so" guarantee and his back-of-envelope calculations that LND raised enough money from the warrants?

Besides, Mattja has an "Awful lot of information" that he's just dying to share on this board, so maybe once he has shared it you might change your tune.

With all the current global turmoil/recession/economic worries/inflation etc... Total and Toyota are companies that would want to complete a deal for syngas power.

It's a deal that would benefit them and give them stability/financial savings, so it's less likely to be cancelled or postponed because of the global uncertainties.

Current circs might even be accelerating it.