Member Info for extrader

Hi all,

Well, they're getting prepared... a £ 1.5m AI 'retrofit' contract....
https://ted.europa.eu/TED 506291-2020

.."The MHRA urgently seeks an Artificial Intelligence (AI) software tool to process the expected high volume of Covid-19 vaccine Adverse Drug Reaction (ADRs) and ensure that no details from the ADRs’ reaction text are missed." followed by :

Reason for lack of prior notice of tender :

"For reasons of extreme urgency under Regulation 32(2)(c) related to the release of a Covid-19 vaccine MHRA have accelerated the sourcing and implementation of a vaccine specific AI tool.
Strictly necessary — it is not possible to retrofit the MHRA’s legacy systems to handle the volume of ADRs that will be generated by a Covid-19 vaccine. Therefore, if the MHRA does not implement the AI tool, it will be unable to process these ADRs effectively. This will hinder its ability to rapidly identify any potential safety issues with the Covid-19 vaccine and represents a direct threat to patient life and public health.
Reasons of extreme urgency — the MHRA recognises that its planned procurement process for the SafetyConnect programme, including the AI tool, would not have concluded by vaccine launch. Leading to an inability to effectively monitor adverse reactions to a Covid-19 vaccine.
Events unforeseeable — the Covid-19 crisis is novel and developments in the search of a Covid-19 vaccine have not followed any predictable pattern so far..."

Good luck all - I think we might need it ;-<
ATB

...And, per Bloomberg, there are NO 'sacred cows' :

.."And , per Bloomberg, there are no 'sacred cows' :

.."Glasenberg, who has long defended coal’s role in Glencore’s portfolio, said he would support Nagle if he decided to exit the business. Although he still believes Glencore is a better steward of its coal mines, Glasenberg said that if shareholders decided the coal unit should be sold or spun off, then Nagle would have to do it.

“I’ll support him in anything that creates value for shareholders,” he said...."

Does GLEN have a suggestion box at Head Office ?

ATB

Hi all,

Along woith the Glasenberg news, GLEN published today its 'pathway to net zero' - steps to achieving carbon neutral by 2050.

https://uk.advfn.com/stock-market/london/glencore-GLEN/share-news/Glencore-PLC-CLIMATE-REPORT-2020-PATHWAY-TO-NET-Z/83832550

Arguably, developing Zanaga would be consistent with (2), (3) and particularly (4) :

"...2. Reducing Scope 3 emissions: our diverse portfolio uniquely allows us to address this portion of our footprint through investing in our metals portfolio, reducing our coal production and supporting deployment of low emission technologies

3. Allocating capital to prioritise transition metals: investing in the commodities the world needs

4. Collaborating with our value chains: working in partnership with our customers and supply chain to enable greater use of low-carbon metals and support progress towards technological solutions...".

But there's that confirmation bias kicking in , again..!

ATB

Hi mick2,

.."extrader has already come up with a whine story..."

Very droll ! But Alessandro is the narrator, not me - if you read the article.

ATB

Hi chitt66,

Actually, they've sent a member of the family :
https://www.bloomberg.com/profile/company/0134188D:LN

"StormHarbour Securities LLP
StormHarbour Securities LLP provides securities trading services. The Company owns and operates an online trading platform for convertible bonds, credit cards, auto loans, student loans, residential mortgage-backed and commercial mortgage-backed securities, and collateralized debt and loan obligations. StormHarbour Securities serves customers worldwide..."

ATB

Hi Holly14/Peaktrader/WolfofWarks/Savvy6,

You 4 have been talking about the wine sector as an example of what SYME could offer.

Here's a link 9that I've referenced several times already) to an apparently satisfied customer : https://winenews.it/en/wine-if-the-warehouse-turns-into-economic-liquidity-without-opening-credit-lines_417592/

The article is mostly an explanation (by AZ) of the off-balance sheet funding structure, so a bit 'dry' for the average wine enthusiast [ but maybe it'll improve with age, boom boom !], but (1) he's referenced it in one of his interviews and (2) name-checked in this article a high end Sicilian vineyard Tasca d' Almerita see https://www.tascadalmerita.it

.."“and we are also dialoguing with other realities of Barolo or Franciacorta, for example. Even if we would prefer to think in a systemic way, and for example we are in dialogue with the Consorzio del Brunello di Montalcino - adds Zamboni - because for us it is preferable to work with important critical masses”...

An endorsement from a satisfied customer in language that a typical wine-drinker could relate to would be a pretty powerful marketing tool, IMO, I'm surprised AZ hasn't made more use of it, beyond the closing "With two worlds, that of wine, anchored to the land and tradition, and that of finance, more and more innovative and creative, which are looking more and more closely..."

ATB

Hi G_G_G,

I't not just the Chinese who are capable of dodgy dealings, this makes for a pretty depressing read
http://www.raid-uk.org/sites/default/files/oz_bribery_in_its_purest_form_full_report_rev.pdf

'Oz' is Och Ziff, not your motherland....but there are some Aussies, some Brits and South Africans named (Lloyd Pengilly and Jan Kulczyk get a mention in passing, nothing seriously untoward, on p.8) , involving shenanigans in DRC, Guinea and Zimbabwe.

Far too complicated for me to wrap my head around, but clearly skulduggery of the highest order.
And most seemingly condoned by HMG.....;-<

ATB

Hi caml,

.."Or the Aussies could buy Zanaga to secure the supply...

Sounds a bit like a parachute drop deep behind enemy lines, to me ! And Arnhem and Dien Bien Phu didn't turn out as planned, IIRC...;-<

Delighted to be proved wrong, though. The Aussies might play with a somewhat straighter bat !

IMO
ATB

Hi Simon thePieman,

Well, the Chinese won't want their bluff/threat called, because of the led times and replacement costs that would be cutting off their nose to spite their face.

But just showing they were serious, by eg moving ahead on Simandou AND Zanaga would give the Aussies serious pause for thought almost immediately....

IMO
ATB

Hi all,

I wonder how close we are to finishing the first 7 million subscription, after which there'll be an RNS due for the next 7m issuance...?
I've asked AT when we can expect to hear about 2020's allocation of Retention shares (last year's Aug RNS for 2019's said we'd be updated as appropriate).

ATB

Hi poorinvester,

Sigh ...because it's interesting, like TSLA, for example.

ATB

Hi dai2belts,

Many thanks for this nugget !

ATB

Hi STOK,

..and welcome to the board !

I get the sense you've been around the block (well, certainly 10 years or so, from your first post) and have probably forgotten more about the genesis of both NCCL and ZIOC than any of us will ever know.

Have you posted here under another guise ? I ask only because there was a poster a few years back who seems to have been
pretty much at the coal -face when Zanaga was being appraised around 2010 or so .

I wasn't aware of the Pengilly connection, nor his links to Kulczyk, tbh, was he Howarth's boss at JPM, perchance ?
He seems to have been unfortunate in the timing of his QKR venture (given metals sector downturn) and more recently on the SA property front.

His contact list must be pretty useful, though. Is he interested here in any way, to your knowledge ?

Questions, questions...I hope you'll share a few nuggets.

ATB

Hi fiisch,

Same reply as I gave poorinvestor.
You have less of an excuse for having missed it, since you started posting a whole month before him.
And I think I've previously replied to you, too, making your forgetfulness all the more surprising , given your even greater concentration on SYME (57/59 posts) than his.
It's all there for you to peruse : I'm an open book....and have been throughout the 4 years before you signed up.
Knock yourself out !

ATB

Hi Sidneysideline,

If the 2 x Congos weren't so dysfunctional / badly run, the dream scenario would be for DRC hydro (Inga dam), harnessing the Congo River and generating (cheap, green) power for all of the region to move up the value chain and exploit its natural resources locally...

ATB

Hi poorinvestor,

Thanks for your interest and expression of good wishes.
I've answered this question several times already, quite possibly including to yourself.
Looking back, I appear to have started posting on SYME around mid-August, though, so it's possible that - although you appear to spend most of your time here (202/230 posts in last 30 days) - you may not have seen my previous replies , which may be before you signed up under this moniker 10 weeks ago.
If you scroll back, you may find the answer you seek...and also that I'm not a 'one-trick' pony.

All the best.

Hi caml,

Fair enough !

Although AIUI, Ncondezi WAS originally about coal...and then re-invented itself as a power plant to create a (more profitable) market for what it had found...

Maybe ZIOC's next cunning move will be to turn itself into a steel mill...that was a joke, btw.

ATB

Hi caml,

.."They know everything about the project and are just needing some up to date costings and revisions..."

Over at NCCL, it seems the Chinese are looking to do some core sampling of the coal resource, as part of their due diligence....

I doubt we're that far along, though. And IIRC , Zanaga had only surveyed about 1/2 the resource, anyway ?

ATB

Hi WolfofWarks,

.."The Telegraph also pointed out that the reintroduction of crown preference on 1 Dec 2020 was probably a major factor behind Arcadia going into administration the day before - thereby avoiding the secured creditors being pushed behind HMRC, which would have happened on 1 Dec..."

Taken from stockopedia, in case you're wondering. I'm not a fan of the Torygraph, myself.

ATB

Hi Gilen01,

.."On 22 July, the Finance Act 2020 received Royal Assent. The Act will reintroduce preferential status for certain HMRC debts in insolvencies from 1 December 2020 after being removed in 2002..."

https://www.pricebailey.co.uk/blog/crown-preference-changes/

HTH and ATB