Member Info for extrader

Great , Ivyspivey, thanks !

Hi Trader_3,

Thanks for the link, CF rapid-fire comments as usual.

When talking about identities of possible collaborators on Trump's 'Warp Speed ' coronavirus vax projects, he coyly said 'couldn't confirm, wouldn't deny' , but did say - quickly - that it would be there to see on....

..he mispronounced slightly, but this is where he meant https://www.clinicaltrials.gov/ct2/show/results/NCT03180801?term=flu-V&cond=Influenza%2C+Human&cntry=GB&draw=2&rank=1

where the search engine kindly brought up a mass of detail on our Flu-V.

Something for the more scientifically minded than me to keep an eye on !

ATB

Thanks myboycasey,

Influenza challenge study.....small beer, maybe, but gives us another useful set of data (evolution of symptoms, etc) to add to the 'useful for wearables' offering..;->

ATB

Hi mathewn50/apunter2,

.."You will also see -“ Eurofinleading Fiduciaria SpA owns 1AF2 srl”.. OWNS!!!.."

This was box 11 on 8th July.

This doesn't seem to square with da95649's msge of 0208 this morning where he linked https://ibb.co/sQF8tz8, which shows, if I understand it , that a week earlier as at 30/06, Eurofinleading had only a 5% stake in 1AF2, TAG holding the balance 95%.

I appreciate that this may just be a sequencing issue.

ATB

Hi Elonmuskthecent,

"But to compare ANT and SYME is laughable..."

To be clear : I absolutely defer to your greater expertise re matters Chinese (not difficult, I have none).
I am NOT comparing ANT with SYME.

I AM saying that (irrespective of whatever special 'Chinese' dimensions there may be), regulators are a law unto themselves.

To quote another example, TSLA rose in part on expectations that it was going to be SEC-approved and there'd be massive 'forced buying' by trackers. It wasn't.

Expectations management. Which tends to reduce volatility/price swings.

HTH and ATB

Hi Elonmuskthescent,

My point re mentioning Ant/China was simply that - despite the best advice money can buy - regulators (anywhere) can have a mind of their own and priorities that aren't necessarily those of the companies seeking authorisation for whatever.

I'm sure Mr Ma thought HIS deal was a 'done deal', as AZ is certain his are 'done deals'.

I'm merely pointing to a somewhat topical example of this..

ATB

Hi all,

Anyone who thinks that getting the local sign-off is a formality, whether for captive bank in Europe or shari'a -compliant platform in M East or wherever , should note what's just happened to Ant Group's proposed listing, the largest in the world..

https://www.bbc.com/news/business-54798278

.."The firm's executives and Mr Ma were called in by Chinese authorities ostensibly for a discussion on regulating the sprawling fintech firm.

But media reports indicate the meeting may have also been an opportunity to address comments Mr Ma made at a fintech conference last month.

Mr Ma compared traditional banks to "pawn shops", lauding the merits of the digital banking system instead. He said future lending decisions should be based on data, not collateral.

That is likely to have set off alarm bells for Chinese officials. Ant collects vast amounts of data from its customers - data that the Chinese government doesn't have immediate access to, unless it asks for it..."

Upsetting vested interests, whether political or economic, is unlikely to be a walk in the park.
IMO

ATB

Nah, the whole ownership thing is beyond me. Life's too short..and the soap opera's going through a slow patch atm.
As I said, though, I'm sure there's lots going on behind the scenes.

Sorry btw, to read of your family/personal issues.
Puts all this stuff in perspective
This has worked for me, I hope it is of some help to you : https://en.wikipedia.org/wiki/Invictus

ATB

Hi apunter2,

.."Where has The Avantgarde Group gone in the share register?"

Same place as 1AF2 ? Think 'dietro le quinte'...

ATB

Hi Chalker,

.."How many partnerships and pilots can one team of 14 people work (especially when some are spending all of their time writing rns's or answering random queries from PIs)?.."

At least one person must be engaged full-time with a large whiteboard and marker-pen just trying to keep track of who exactly owns what...

ATB

Hi Longlad,

Bit tough re the lobsters ..." are expected to be barred from China even if the goods have been paid for and have arrived at ports. .."
My worst banking experience in Egypt was a consignment of day-old chicks from Holland, collectable at the airport. Customs said there was a problem with the paperwork.....Thing is, the chicks are despatched without food or water (so they don't foul (boom boom) in transit)....
This was just a shake-down, the Chinese stance is more co-ordinated and serious (verbal instructions, etc).

Oh well. Welcome to the new world order. Just wait until it's our turn...

ATB

Hi WolfofWarks,

I'm with you.
Key bit (for me) is the by now customary reference to multiple non-disclosure agreements, viz.:

.."It has been agreed between each of the parties involved that the identities of the participants and key platform features remain confidential until the Shari'a authorisation process has completed..."

For once, I believe the caution is warranted : The Shari'a Funding Specialist won't want its identity disclosed because - despite its apparent expertise/success in the area - interpretation of Shari'a law remains a bit of a 'shot in the dark'.

Someone should open a book on which gets approval first : the captive bank in Europe or the Shari'a platform in the Gulf.

SYME still very much a 'work-in-progress', but moving in the right direction.

IMO

ATB

Hi Swapleber,

Antwerp is 55 Km 39 mins drive time from Breda....

ATB

Hi Sooty,

Well, the coppers I see on protest marches all look awfully young these days ....;->

Coming back to Elphick's being a 'motivated' seller in the US estate agent jargon : he's close to my / your(?) age, don't know his family circs, for many people around now his/my/your(?) priorities change, legacy/family is more important, covid is a salutary reminder of mortality. He's supposed to have picked up around $50m when forced out of DeBeers (by the younger Oppenheimers), if self-made, this 'seed money' will likely have gone into GEMD and ZIOC...

As to GLEN: outlay £ 300m (unless you can pick up beforehand ;->), read-across value £ 600m, on-sell for £ 1.2 - 1.8 billion....+ whatever fancy accounting treatment and tax dodges you can build in....

My first job late 70's was working in Dubai, then a 'hardship post' , bachelor status only. Took up windsurfing, used to go cross the dirt/dunes to Fujairah on Omani border on Eid holidays etc. Hard day boarding, back to a BBQ, beer , G+ T, wine etc...my exBradford buddy summed it up ' Eh, lad ! All this....and money too !

Those were indeed the days..

ATB

Hi Sooty et al,

I think there's maybe more of an arbitrage opportunity here than people think, that is , GLEN buying ZIOC with a view to a 'flip'...and maybe quite a profitable one.
This, I think , is why :

-GLEN has right of first refusal, which will be a powerful disincentive to any 3rd party suitor, both GLEN and ZIOC will be aware of this;

- any suitor knows that (provisional) agreement with ZIOC still leaves uncertainty as to GLEN's intentions/price;

- Elphick is likely a motivated seller : his other public investment, Gem Diamonds , has not performed well : https://www.miningmx.com/rainmakers/profile/26
.."That familiar tune you may be hearing in the back of your mind – assuming you are old enough to remember it – while reviewing the history of GEM Diamonds is by Mary Hopkin and it runs: “Those were the days my friend/We thought they’d never end/We’d sing and dance for ever and a day”. So it must have seemed for Elphick and his backers when he launched GEM on the London Stock Exchange in 2007 when he raised £285m and the company was worth around $1bn. Fast forward to December last year when GEM had a market capitalisation of around $94m, today Nov 2020 abt $ 65m...
So, what happened? Well, Elphick took that £285m and bought a string of mines including Ellendale in Australia; Cempaka in Indonesia; and Ghaghoo in Botswana. GEM no longer owns any of them because they failed leaving it with its original asset, the Letseng mine in Lesotho. The failure that has to hurt the most is Ghaghoo because that was on Elphick’s own turf in the heartland of global diamond mining, Botswana. GEM has survived thanks mainly to the recovery of high-quality large diamonds from Letseng for which prices have remained decent in stark contrast to the drop in prices being paid for diamonds at the cheaper end of the spectrum....";
I haven't worked out what his stake in GEMD is today. I'm guessing Gem Diamonds Holdings (6.7%), the major II's have about 60%.

- over at ZIOC, meanwhile, he has a chunkier stake, around 27% or 80 million shares. There are quite a lot more shares that are/were in the hands of early -day investors (Howarth, etc)

- As previously mentioned, there was a Director's placing at the same time as the IPO, where I reckon that the promotors likely got their investment back, in other words, these shares are a 'free carry'.

- On the basis of what's readily available re Elphick's likely Net Worth, I'd think £1 a share - £ 80 million - would be quite acceptable, thank you. And the same would likely be the case for a critical majority of shareholders.

GLEN could say £ 1, take it or leave it....and then onsell for 2 to 3 x without batting an eyelid or losing a wink of sleep.

All IMO
Thoughts welcome !

ATB

Thanks, Longlad !

From the SCMP article :

...” Will China ever target Australian iron ore?
There is no guarantee in this tit-for-tat rally between the two countries despite how much they need each other, especially for the supply of iron ore.
A big clue about whether China will target Australian iron ore can be gleaned from the state-run Global Times, which said in June that despite the rapid deterioration of China-Australia relations “some observers believe that Beijing is unlikely to target Australian iron ore exports due to China‘s heavy dependence on this imported commodity”.
Looking for new sources of iron ore is capital-intensive and time consuming. Chinese buyers are now looking at sources of iron ore in Africa, particularly in Guinea, to supplement its needs. The other place it can also look for more iron ore is its second largest supplier, Brazil’s Vale.
Analysts such as S&P Global are of the view that Australia will continue to supply most of the iron ore that China needs even if trade tensions between the two countries intensify.
Former Singaporean diplomat Kishore Mahbubani, who studied China in his book Has China Won? The Chinese Challenge to American Primacy, said in an interview with the South China Morning Post in September that he was not fully convinced China would spare Australian iron ore imports....”

ATB

Hi 007 RIP,

...” to be able to work on all electric vehicles you have to be specifically trained and accredited and is a Hugh expense. ...”

Not to worry, I’m sure there’ll be a Grant available...

AT

Hi Bronxville,

Thanks for this.
Lifepoint are owned by Apollo Management, an alt investment house with $315 Billion assets under management.
Maybe the 'cunning plan' is for Lifepoint to source the specialist staff for SSM's empty hospital.....

ATB

Hi Longlad,

Wasn’t aware I was not coming across as my usual , cheery self ;-). !
I was only posting the ZIOC equivalen because GLEN’s larger write-down was driven by all their additional exXstrata related investment...

Incidentally, the AGM outcome has been RNS’d, we’ve yet to be told The quantum ( of solace ? Boom! boom!) of the 2020 Management Retention Scheme....

ATB

Hi MrMarkyMark,

.."The purchase of physical gold that is stored in a secure location.
The purchase of wine for investment purposes, again stored in a remote location."

In both examples, the third-party custodian (Bank of England or bonded warehouse) has physical control, not the seller....

IMO
ATB