Member Info for extrader

.."we won't be restored until the new financial year 1st April 2021.."

The whole kerfuffle over the last 3 weeks and reason for suspension is because the financial year end has been re-set to 31 December....

HTH

Can't access, unfortunately.

Here's a song for a 'dealer'.....

"You got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sitting at the table
There'll be time enough for counting
When the dealing's done

"Every gambler knows
That the secret to surviving
Is knowing what to throw away
Knowing what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for
Is to die in your sleep"

;->

Thanks for the find ! I'm more interested in the source (Ivan) than the application (China) :

"Departing Glencore chief executive Ivan Glasenberg, who knows a thing or two about dodgy emerging market regimes, today confirms it at the AFR where he says:

Development of Simandou is certain. “Personally yes, I am very certain.” and then
"Aussie coal is banned for good ".
South Africa has taken the market share and Aussie coal was now going to India to fill the gap left by South Africa. Fungibility people!
Long term, iron ore is buggered. I am very certain."

This is interesting for two reasons, IMO :

- Ivan recognises that China 'shot itself in the foot over coal' (when it stopped Oz, it had to replace with high-cost LNG...also from Oz, doh !) but principle/politics matters more. Faced with this evidence of China's priorities, he's signalling/explaining GLEN's move away from coal, the business that both he and Gary Nagle cut their teeth on. The ESG issue may be genuine, but also a convenient fig-leaf;

- if he acknowledges that iron ore (Oz)'s prospects will damaged by African supply, which he thinks China is now comitted to securing, Ivan might want to get on the winning side of 'history' (and make some money) by doing something with Zanaga.
At last.

If not now, when ??

IMO

The Ceresio transfer to AZ/Orchestra was RNS'd in August, 2 weeks after 1AF2's notification that it had placed 18% of SYME with the 3 x lenders, which brought the 'TAG' overall holding well below the 75% threshold.

.." there is no Chinese interest in KP2. .."
There does appear to be a small private sector interest ( 8.12%), held by HK-based DingYi Group Investments Ltd, not much info available on them at a glance.

Scroll down over the last 24 hours and you'll find him.
Posts on a d v f n under the same moniker.

.." the FCA would have signed off the prospectus prior to admission so any issues then should have been picked up surely?.."

The FCA specifically states that it doesn't vouch for the contents of the Prospectus.

.."THE FCA ONLY APPROVES THIS DOCUMENT AS MEETING THE
STANDARDS OF COMPLETENESS, COMPREHENSIBILITY AND CONSISTENCY IMPOSED BY
THE PROSPECTUS REGULATION. SUCH APPROVAL SHOULD NOT BE CONSIDERED AS AN
ENDORSEMENT OF THE COMPANY THAT IS THE SUBJECT OF THIS PROSPECTUS OR OF THE
QUALITY OF THE SECURITIES THAT ARE THE SUBJECT OF THIS PROSPECTUS AND
INVESTORS SHOULD MAKE THEIR OWN ASSESSMENT AS TO THE SUITABILITY OF INVESTING
IN THE ORDINARY SHARES OF THE COMPANY.

HTH

These are the material or connected shareholders at RTO, from the Prospectus, p 6 :

Eight Capital Partners plc 22,256,725 0.07
Octopus Investment Nominees 6,336,767 0.02
Canaccord Genuity Group Inc. 4,239,691 0.01
Angus Forrest 3,000,000 0.01
The Avant Garde Group – – 23,895,553,949 72.95
Parrot Capital (Global Capital p.l.c.) – – 1,630,000,000 4.98
Equita Sim S.p.A. – – 1,630,000,000 4.98
Ceresio Sim S.p.A. – – 1,630,000,000 4.98

TAG had 92% roughly and sold down 18% (collecting £40m) in the Vendor Placing at the same time as the Placing.

The allegation appears to be that some of this 18% was 'parked' with one or more of the 3 x 4.98% (allegedly to help TAG get under the 75% level for RTO purposes) and that some of these were subsequently returned to TAG after it had reduced its holding.

We know that Ceresio transferred its holding to AZ/ Orchestra per 18 Aug RNS (direct transfer to custody account).

The rest is conjecture.

HTH

.." the companies that had an offering were large companies in areas like defense and security. .."

Yes, indeed. 'Complacency' may be a 'passive' moat, also these companies' nationality, perhaps, or even (particularly in the M East) , who the local sheikhly 'sponsor' is.....

Hi all,

https://korepotash.com/wp-content/uploads/2021/02/Investor-Presentation-February-2021.pdf

Worth a 5 minute 'skim', IMO, to get one's head around some of the issues that Zanaga development has to factor in.

KP2 has an attractive resource; a logistical advantage to its natural market (Brazil); some interesting technical extraction/export issues. And strong shareholders (Oman SWF, SQM Chile) , with an 8% Chinese shareholder.

There's a neat map showing its proximity to Pointe Noire ; and a photo ( p22) inadvertently showing the condition of the national highway RN5, which gives an idea of the infrastructure reality.

KP2 appears to have IPO'd at 10p in 2018, peaked shortly thereafter at 15p, is currently at 1p with an MCap of £ 24m and the Project has an NPV of $1.45 billion.

Might be worth keeping an eye on , on the basis that an investment climate that favoured Zanaga would likely favour this project too....and vice -versa.

NAI, DYOR etc

HTH

HTH

Hi Feeks,

Good question !
There's a recent 'definition ' of sorts in this Nov 2020 (so relatively current) Reuters article

https://www.reuters.com/article/us-column-russell-ironore-china-column-idUSKBN27J02T

.."Iron ore appears to have settled into something akin to a comfortable equilibrium, with Chinese stimulus spending keeping demand high, but supply from Australia and Brazil sufficient to maintain a balanced market..."

When/in what context did ZIOC make that statement, which might give us a clue as to what it means/meant to them.

HTH

topsharepicks filtered as a timewaster

"5: SYME will keep shareholders updated regarding progress as it is made."

What has SYME/Walbrook said - if anything - about availability of the Q and A ?

Hi buddy23,

If you have a listen to the recent webcast, I think you'll see (either explicitly or by inference) that SRT itself feels that it doesn't have any direct competitors, because satellite systems are good at 'broad-brush' large areas but not cost-effective for the granularity needed for closer in-shore, more highly trafficked areas.
And GeoVis allows multi-media integration (my oversimplification) that satellites AIUI don't, for a variety of technical reasons that are above my pay-grade.

SImon is very accessible and - if you feel you haven't got the comfort level you need - he's normally happy to answer questions.

Of course, I may be being complacent : I was invested a lifetime ago in IndigoVision, which had world -class integrated video security systems (supplier of choice to the Olympics etc) but never gained traction for some reason .
I think it was mainly down to poor marketing, though, which is certainly not the case with SRT .
All IMO.
HTH

..."it will take some time for people less savvy, good looking and fabulous than ourselves, to catch up. .."

Ain't that the truth, bro...!

;->

Cathal will be aware from the approaches he's had from all and sundry the relative or absolute importance the cohort has attached to an HMG 'seal of approval' and no doubt got a pretty good idea as to the commercial impact today's endorsement is likely to have.
Onwards and upwards !
ATB

Thanks Bazzaman,

Very much the politician ! Twice (right at the start and then in the wrap-up) mentions great news for 'UK Inc.' , then for ORPH, and 'Britain can hold its head high'...

For someone who purportedly doesn't want the s/p to get ahead of itself, his double reference to 'near-term $billion co' seems a bit 'inconsistent' ..;->

He hoped to get there in less time than ORPH went from 100 mcap to 200 mcap, can anyone put that in months pls ?

ATB

Hi all,

Imperial have shared the news with focus group participants :
https://www.imperial.ac.uk/news/215173/call-volunteers-worlds-first-coronavirus-human/

Key (commmercial ) takeaways

.."The Chair of the Vaccines Taskforce Clive Dix said: “No one vaccine is likely to be suited to everyone so we must continue to develop new vaccines and treatments for Covid-19 coronavirus. This will help us to ensure that people across the UK AND THE WORLD can be protected against this disease. We expect these studies to offer UNIQUE INSIGHTS into how the virus works and help us understand which promising vaccines offer the best chance of preventing the infection.”

Chief Scientific Officer at hVIVO, Dr Andrew Catchpole said: “We will start to see useful results very quickly after the commencement of the study. From the moment we inoculate someone with this virus, we will learn important information about DISEASE PROGRESSION AND TREATMENT. This crucial data feeds directly back into how to develop effective vaccines and better treatments because they identify WHAT TYPE OF IMMUNE RESPONSE needs to be triggered.”

HTH

Hi SteveDude,

Well, the 'human interest' angle here is welcome relief from a lot of the stuff the meeja pump out.
I'll catch later, but can I ask : is there any mention or visual of ORPH as opposed to hVivo ?

TIA

Hi BillB,

Don't get me wrong, I'm more than happy with valuation on a P/E basis (;->), just not used to seeing things looked at from a P/Sales basis.
'Turnover is vanity, profit is sanity, cash is reality' etc...

ATB