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The following is from Reuters 3 days ago. It paints a gloomy picture of the global economy with banks having troubles and mentions SocGen. I believe this will put all concerned eg European governments, Morocco’s and banks, particularly SocGen under pressure to make Chariot’s gaz field financing a great success and very quickly.

I quote from it but would recommend the whole article as it talks about the impending global recession due to the war/sanctions on Russia effect on inflation due to oil/gaz prices. But Chariot will benefit greatly as a result, as the French would say “ la misère des uns fait le bonheur des autres” = the misery of some make the happiness of others.

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“From “Meanwhile, Russia's invasion of Ukraine has pushed Europe to the brink of recession and triggered losses for banks including France's Societe Generale and Austria's Raiffeisen.

French bank Credit Agricole and Italy's UniCredit have also provisioned against war-related losses but the effects, while felt most strongly in Europe, are rippling around the globe.

"The war, and its impact on price inflation, is a game changer," Carsten Brzeski, an economist at Dutch bank ING, said, adding: "Consumers will take years to recover their spending power, lost to inflation. And companies will be hit as well".

Some banks have scrapped plans to buy back cheaply-valued stock in view of their capital slippage, despite posting healthy investment banking profits helped by volatile financial markets.

"We expected huge buybacks then suddenly these were cancelled or moderated," said Barrington Pitt Miller, chief investment officer of Wykeham Overseas Advisors.

"People thought the big banks were sitting on huge excess capital positions ... that dynamic is now in shreds," he said.

While rising interest rates should in theory be good news for banks, which can normally increase their margins and therefore their profits, the situation is not so clear-cut in 2022”

https://www.reuters.com/business/finance/banks-face-reversal-fortune-war-great-depression-2022-05-06/

This energy expert on twitter today commenting on where could Europe replace Russian gaz, he mentions Morocco (among others) adding “chariot”. As I said yesterday Chariot’s is the only gaz field found so far in Morocco.

https://twitter.com/burggrabenh/status/1519135115535863809?s=21&t=OdqHXgN82mQAc2Y2akDw_A

As I said yesterday, Morocco already has the pipeline supplying Europe for the gaz that was coming from Algeria. However an additional one from Nigeria could only be good to replace as much as possible the gaz from Russia.

If it helps I’m from Algeria, Morocco next door neighbour which stopped supplying Europe with gaz via Morocco due to political dispute between the 2 neighbours-Algeria now supplies Europe via a sea route. Consequently, Morocco lost a big deal including fees revenues as well cheap gaz from Algeria. Therefore there is enormous pressure on Morocco, both from within for political and economic reasons and from Europe due to the energy crisis because of Ukraine war, to develop their gaz assets, with Chariot’s being the only one to my knowledge. I expect a quick development of Chariot’s gaz field and I’m not surprised with SocGen involvement as France remains in total political and economic control of its former colony. Algeria has told Europe that they cannot up their gaz production for lack of investment over the last 2 decades to make up for some of Russia’s. And given Morocco’s proximity to Europe, this energy crisis has thrown up once in a lifetime investment opportunity with chariot being at the right place and the right time and for the same reasons financing institutions will be falling over themselves to back the project, which would also mean the terms will be favourable to Chariot.

Why the sudden rise particularly 80% on Tuesday? I couldn’t find any news to that effect directly related to sae. I’m a holder from 6p btw. Tia.

That excellent news. Clearly businesses unlike government don’t dither. they get on with it, as it’s a matter of survival and they have the money. GDR said commercial partners are interested in our test and we have our partner Innovation Healthcare to contact other corporations not to fall behind Goldman Sachs. Oh and our US partner who posted recently on LinkedIn following the CE approval. Incidentally Biden has announced his willingness to compromise with his chief opponent about the the $2 trillion US budget which also bodes well for the renewal of our pathogen test for the us army. So January will be rns rich from all fronts, no pun intended lol.

Hence the need for GDR’s and the MHRA to speed up approval while in the meantime we have the eu whose contract can land anytime now. For the idiots derampers, such post backed up with independent news is ramping.

“Covid test shortages threaten New Year’s Eve celebrations in England
Pharmacists run out of LFT kits and NHS struggles to offer walk-in slots after ministers give go-ahead to events”

https://www.theguardian.com/world/2021/dec/28/covid-test-shortages-threaten-new-years-eve-celebrations-in-england

“Mass lateral flow testing cut the number of people needing hospital treatment for Covid by 32% and relieved significant pressure on the NHS when the measures were piloted last year, a study has shown.”

https://amp.theguardian.com/world/2021/dec/19/mass-rapid-tests-in-liverpool-cut-hospital-stays-by-a-third

vanguard, scalability won’t be an issue. you don’t seem to be aware that Volz is a multinational with manufacturing facility in Germany, Slovakia and the UK, producing and selling their own mask. Why do you think they set up the JV with nnn despite dealing with the incompetent old bod for a year? Oh and Duffin stating Volz is going to be “our 1st customer”.

Interesting article. All medical experts are urging introducing immediately stringent measures and not leave it after Christmas, with sage warning the possibility of up 2 million infections. The mask is also recommended. I have confidence Duffin will use this unfortunate (but fortune for us) situation to get some contract with the NHS-our marketing manager has worked or still works for PHE as per her LinkedIn profile. It’s also getting worse in Europe inc the Netherlands going into lockdown from today.

“A scientific paper published on Saturday also suggested it may be necessary to reconsider the wearing of face coverings in places where the balance of risks and benefits did not previously support it, such as primary school classrooms. It added that many face coverings, such as scarves, other single-layer fabrics and valved masks are likely to be ineffective at reducing transmission.”

https://www.theguardian.com/world/2021/dec/18/uk-scientists-curbs-covid-infections-omicron-deaths-restrictions-sage

The mask is still needed worldwide, WHO says 89 countries have Omicron.

“Covid live: Omicron spreads significantly faster than Delta, says WHO; experts call for stricter restrictions in England ‘very soon’
World Health Organization says variant has been identified in 89 countries; warning for need for tougher measures comes in leaked Sage minutes”

https://www.theguardian.com/world/live/2021/dec/18/covid-live-experts-call-for-stricter-restrictions-in-england-very-soon-omicron-spreading-fast-in-france

“Why a UK Omicron wave is dangerous – even if we see mostly mild cases”

https://www.theguardian.com/world/2021/dec/17/omicron-covid-uk-mild-cases-dangerous-spread-hospitalisations

Here comes Volz immediately with nnn masks and eventually with filters.

“with German vaccine drive in chaos as health minister admits 'there is no more'”

https://www.express.co.uk/news/world/1538005/Germany-Covid-news-coronavirus-vaccine-omicron-variant-minister

From her professional profile she is still working for PHE too. So an NHS contract is just a matter of time, taking a cue from the tories handing 100s millions worth of useless ppe/test contracts to their mates, lol. Duffin does really mean business, FINALLY lol!!!

And nnn has both mask and filters for ventilation:

“Vaccines alone won’t get us out of this crisis

Dr Jonathan Fluxman says masks and ventilation are key, and warns that without such measures to stop the airborne transmission transmission of the virus, the pandemic will not end.”

https://www.theguardian.com/world/2021/dec/14/vaccines-alone-wont-get-us-out-of-this-crisis

A big growing market for nnn to tap into. Plus India (where nnn has trialled pepper growing successful) is also mentioned.

https://www.theguardian.com/environment/2021/dec/15/city-allotments-could-be-as-productive-as-conventional-farms-research-finds

Talking of Rentokil, they bought an American co yesterday making it “the WORLD BIGGEST bugs killer” company. Being its former CEO, says a lot about his skills. But more importantly for us, it’s extremely likely he will partner with Rentokil to provide filters if not mask to their worldwide customers. He says he is seeking other partners, worldwide distributors, and mentions filters for commercial buildings, which all fits in with Rentokil’s killing bugs, trap rats lol and trap the virus with nnn-Volz filters. An excellent proposition for rentokil. He seemed very confident where he will take nnn and has worked out a practical working strategy not just waffle like the previous board- even waffle they starved us of for months lol.

Yesterday morning I posted that I expect a contract with Volz this side of Christmas on the basis of Duffin’ stating Volz being “our FIRST customer” in his interview. In his second interview last night, he clearly says “I’m one of those ceo who likes to wake up on the First JANUARY knowing my overheads are covered …through RECURRING REVENUES….”. Is that hint of a contract before Christmas?

I see the traders are boasting about doing well, good temporary luck to them and unlucky soon. Volz contract is imminent if you read between the lines from the rns and Duffin’s interview: he had to first get the strategic review out, which he did on Friday. Volz has been involved with for a year, they must have really liked the tech to go for the JV. And Duffin has had 3 months to negotiate with. Add Duffin saying Volz will be “our first customer”. Ask yourself why “FIRST” customer, I’d deal not already agreed. Surely he had 3 months to also to others potential customers. As to the boasting traders, next news they won’t get back their original holdings without paying 3+p, as filters contract are worth more than mask’s and Volz is a big multinational operating in Europe and the USA through Drailles.

Hence the JV, and Duffin stating Volz will be “ our FIRST CUSTOMER “. Remember Volz has been involved with nnn for a year and Duffin has had 3 months to negotiate with them. I expect the contract rns this side of Christmas from “ our FIRST CUSTOMER “.