Member Info for JiffyBag

@Dire Emblem

You asked '
'How much of a stake do CA have?'

Ans from CA
' Following last year's oil price collapse, the Fund added to its shareholding and currently owns more than 11% of its share capital. '

Another useful educational YT video

Stansberry Research: Daniela Cambone & Ted Butler

Why Silver Price Manipulation Is Best Reason To Own It:

Same concept/analogy applies to the price of Gold.

'Manipluations have to end some day', say's Ted Butler.

Will that be because of Basle III /IV?

You couldn't find a better reason to buy silver when the price is as low as it is now, simply because it is manipulated.

Interesting

https://www.youtube.com/watch?v=gL0VfudSx3M

Plenty YT's vids here on manipulation

https://www.youtube.com/results?search_query=How+JPM+manipulate+the+markets

Travis61,

Interesting analysis.

How does one explain the negative sign/side of these trades, I have always taken this to be a cancelled trade?
Admit, I too am confused as to the inclusion of negative/ cancelled trade if indeed it is and your analysis with the closing of shorts? Still can't get my head around it all :O)

Thanks.

https://www.londonstockexchange.com/news-article/CRS/half-year-report/14887002
On 8 January 2021, the Fund shared its updated technical report with Hurricane. This stated why the Fund and its consultants believe that the board of Hurricane does not seem to be focusing on the upside potential of the fractured basement play within Hurricane's licences. The Fund sought an explanation as to why Hurricane was not keen to tie back the existing Lincoln Crestal well which was reported to have tested at a sustained commercial rate. Production from Lincoln could significantly increase overall output with minimal pressure drawdown at Lancaster. The Fund believes that the Lancaster basement play may contain resources greatly in excess of the pool currently being developed by the Lancaster EPS.
At the date of this report, the Fund has not been provided with any explanation. On 14 February 2021, the Fund wrote to Hurricane requesting a call between Hurricane and its technical consultants. Despite follow up by the Fund, Hurricane has failed to arrange such a call.



On 14 February 2021, the Fund wrote to the Chief Executive of Hurricane requesting that Crystal Amber nominates a director to the board of Hurricane. Other than responding to note that the request had been shared with the board of Hurricane, the Fund has received no response to this request.



On 2 March 2021, Hurricane stated that within its stakeholder engagement, "discussions on the Company's formal work programme, strategy, financing and balance sheet recapitalisation are ongoing". As described above, the Fund has had no such discussions with Hurricane,



The Fund notes that the seven board members of Hurricane own shares with a total value of £60,000.



The Fund is no longer prepared to be excluded from participating in the evaluation of impending critical decisions by those who have virtually no skin in the game. The Fund always prefers to engage privately and constructively with its investee companies. However, the Fund has found the board of Hurricane to be both indecisive and obstructive. Therefore, it now intends to take appropriate action in order to maximise Hurricane's potential.



A trading update in January 2021 highlighted how cash generation has recently improved as a result of the recovery in the oil price, with the company generating $19 million in the month of December 2020 alone, taking cash to $106 million. The Fund notes that the price of Brent crude has recently continued its strong recovery, from $38 per barrel in October 2020 to more than $60 a barrel. The Fund believes that in 2021, this increase alone should add more than $100 million in cash to Hurricane. It should also significantly increase the value of Hurricane's other, hitherto, untapped resources if this level is maintained.

Say's it all really?

https://www.londonstockexchange.com/news-article/CRS/half-year-report/14887002
The Fund has been a shareholder in Hurricane since March 2013. In April 2016, Hurricane asked the Fund to invest £7 million to enable it to commence its workstream. Six months later, when Hurricane raised additional capital, the Fund invested £12.6 million at 34 pence per share. In the mishandled fundraise of June 2017, the Fund invested a further $10 million.
Aside from Kerogen Capital, which until recently was represented on Hurricane's board, the Fund is Hurricane's largest shareholder and the only disclosable institutional shareholder. Following last year's oil price collapse, the Fund added to its shareholding and currently owns more than 11% of its share capital.
The Fund regards itself as a long-term part owner of Hurricane. In 2015, the Fund introduced Hurricane to its highly regarded technical consultants who have engaged constructively with the company on several occasions. The Fund believes that since 2013, it has done everything possible to support the business.
Over the last six months, the Fund has experienced a dramatic deterioration in the way that Hurricane is engaging with the Fund. This is consistent with what the Fund considers to be inadequate, confusing and poor messaging to market participants.
Within its regulatory news service announcement of 11 September 2020, Hurricane stated that it would be "engaging with all our key stakeholders regarding our formal work programme and financial arrangements and updating the market". On 8 October 2020, Hurricane stated that "as disclosed in the interim results announcement, the Company intends to engage with all key stakeholders regarding its forward work programme, capital allocation and financing arrangements". During September and October 2020, the Fund suggested, following discussions with other Hurricane shareholders, that it should allocate a portion of its cash to buy in some of the Hurricane loan notes at below 50% of par value. The Chairman of Hurricane had previously told the Fund that he regarded such a purchase as "a commercial no brainer". No update on bond purchases or capital allocation has been provided to the Fund or the market.
On 18 December 2020, the Chief Executive of Hurricane told the Fund that he would ask Hurricane's lawyers if, given that there had been no covenant breaches and repayment was more than 18 months away, bond holder consent would be required before the company could enter into financial commitments on its forward workstream and capital allocation. He said that he would revert back to the Fund. The Fund followed up in writing on this point on 8, 13, 26, 27 and 30 January 2021. On 31 January 2021, the Chief Executive responded to say that they had been advised to "be engaging with the bond holders". There was no answer to the question as to whether consent would be required.

Love this guy, awesome Busker guitar player, must do a trip to Vancouver some day :O)

https://www.youtube.com/watch?v=4THQXHzjS-Q

Maneco64's response
Gold Could Be a Zero Per Cent Credit Risk-Weighted Asset Under Basel III.

https://www.youtube.com/watch?v=irwAKP-bTIM

This is the official reply that I received from the 'Chocolate Fireguard Association'

'Thank you for your email and taking the time to bring this matter to the attention of the FCA.
We have noted the concerns set out in your email with a view to determining what action, if any, to take. It is our standard practice, for reasons of confidentiality, not to give details of the extent or conclusions of an enquiry, including where we decide there are no grounds for further action, to the correspondent. Unless our work results in a public disciplinary outcome, the FCA does not comment on these matters. You can find further information on why we take this approach here. More information about the FCA’s approach to tackling market abuse is available here.
Please note although it is our standard practice for the MIU to carry out a preliminary enquiry to determine whether the matter falls within the FCA’s remit, not all our assessments lead to an enforcement investigation and/or exercise of our statutory powers.'

Thank you for expressing your concerns to us.

I simply wanted a standard Yes you are correct and we shall look into the matter....... or no sorry you are not correct for the following reasons etc...

Can never get a straight answer these days to a simple question, so annoying!

Hi Speedy,

Thanks for your reply, late on my part apologies.

Agree, to some extent (still trying to put the jigsaw together :O)) the BIS will most likey support theirfellow members etc. Interestingly enough, it looks like Rob Kiantz has also picked up on this, just watching it now.

Why Gold is a Major Part of the Banking System Asset Plan

https://www.youtube.com/watch?v=O9zDO4Mc_iw

https://www.youtube.com/watch?v=0WuAm_Bmi5Y

Thanks DIFTK,

Mmmmm, makes you think at the very least, are they playing both of us :O)

Exactly MP,

This is not all about Crypto IMHO, it's all about using Blockchain technology to facilitate Peer to Peer payment and do away with the middleman. Today for example, Visa has just announced a rise in it's rates to vendors that will be passed on to you and me in the price of their goods and services.

I see Peer to whomever I want to pay ..........as a great market earning opportunity, ok we take a small fee but far less than Visa.

Pressure for Stripe float grows as founders' wealth doubles to $23bn
Stripe's founders have repeatedly distanced themselves from rumours of a public listing despite a valuation of $95bn
In a recent interview with Irish broadcaster RTÉ, John Collison said: “My answer is always the same, which is no, we’re not planning on any IPO.”

'But the company, which allows companies to process online payments for customers, is likely to come under pressure to give early staff and investors a chance to cash out eventually.'
https://www.telegraph.co.uk/technology/2021/03/15/clamour-stripe-float-grows-hits-95bn/

https://stripe.com/gb

One day Grasshopper, one day...........GST? :O)

@Chanatron
Are the market makers the same for both shares?

Reckon money for traders has been going back and forth between EUA & GGP, trying to catch a rise to sell?

https://www.intercontinentalmining.com/russian-reserves-resources-reporting-system/

https://www.intercontinentalmining.com/russian-reserves-resources-reporting-system/

https://www.intercontinentalmining.com/russian-reserves-resources-reporting-system/

https://www.intercontinentalmining.com/russian-reserves-resources-reporting-system/

Darty,

'Basel 111 - game changer in the making ....'

Is it?

https://www.youtube.com/watch?v=ofoP4-PhEsU