Member Info for LWHL

Yes, thanks for sharing, MrA.
DenFos: The only thing people should be quaking in their boots about is if CBDC's are successfully launched.

I see I am not the only one who thought of this company when Hammond's name was mentioned in that sting. A great addition to the payroll he has turned out to be. I wonder if he has kept those shares he purchased? More interesting would be what SOH has paid him to date.

Just remembered a point I forgot to mention at the time, in response to the poster who suggested more QE and a cut in interest rates was now needed....if the central bank does this, it will result in diminishing returns, without solving the problems, on top of what I suggested would also occur. The diminishing returns comment I must attribute to Lacy Hunt. Or like a junkie who needs ever more quantities of their drug to get similar returns. I think that was Peter Schiff. Anyway, good evening all.

Because NAV's are only slightly less reliable than broker forecasts :)

I expected CS to go (or be bailed out) months ago; it has been limping along for years. In truth though, I thought the same for Deutsche Bank - in fact, I thought it was even money which would go first, with a slight leaning towards DB. Shows what I know :)

Auson: I agree. Which is why I cannot really understand why anyone would trust the central banks or politicians. If you are a suspicious chap like me anyway :)

I am inclined to agree with the poster who said the root causes may be different to 2008, but if the result is essentially the same, it ultimately does not matter. As for central bank forecasts re inflation, I am in the camp that has no faith in them already. I remember almost ranting on one chat board or other back in mid/late 2020 about how wrong they were going to be about inflation, when it was not even being discussed in the media as a potential risk for example, and then again when they talked about it being transitory when they could no longer hide from it. You just have to hope they get a call right at some point! Would be delighted if the Russia war ends soon. No winners in any war IMO. Only losers.
Auson: Was it Blanchflower, ex BoE, who I read suggested this strategy today or yesterday? IMO that would be akin to putting your hand in a pot of boiling water, expecting a different outcome to the first time you tried it. More QE = more inflation. They will cut rates at some point and then you can almost bet your life savings that the stock market will crash. They will not do this until they feel they have no other option. Given where we are in terms of debt piles and high inflation, I think that more QE would be the worst option they could plump for. They should never have done QE1 in the first place.
Newdealz: thanks for your thoughts on the technicals. I was pondering lowering that TP I had in mind already, and think I will now go for 118p. Would then likely add more if we dropped to a quid. Then would sit on my hands, because if that point comes, there will be lots of attractive options in the market and I need to keep enough powder dry for when the time comes.
Most enjoyable discussing ideas and sharing differing opinions with you all. It is one of the great things about these chat boards to my mind.

I hope you are right too, Andrew. But consider this: we do not have inflation under control. We have seen the fastest interest rate rises in history (I think I am right in saying). We have record national debt levels and private debt levels too. The thesis for de-globalisation is getting stronger and stronger IMO, as we see the BRICS strengthening their relationships. Tensions between China and the West are rising at the same time. The Russia war has escalated. I do not see any of these things being resolved in the next few months. In fact it would be a miracle if any of them were resolved in the next few months, although we can live in hope that at least the Russia war might be. Then again, it is now more than a year. People said WW1 and WWII would be over in a year. Anyway, no more gloomy posts from me. The sun is shining and in the wider scheme of things, we just need to make the best of life in the short time we all have. GLA and have a good weekend.

Just a bit of gentle joshing, AngerSharkz. FWIW, I absolutely want you to be right.

twodubs: The same happened previously here though and is not uncommon more generally. You clear out the stale bulls and the day traders and then a sustained rise can take place. The market cap needs to be a lot bigger to attract a wider pool of institutional investors, but IMO a good finance deal will be enough to make some progress on the SP in that direction. Until that takes place, even before other potential business inflection points come up, many of which have already been highlighted by other posters, then IMO we are going to remain at these levels and feasibly go lower.

'The financial system is robust as we’ve been told by the central banks, various world leaders and financial institutional experts.'
Are you Janet...are you Janet...are you Janet Yellen in disguise? Are you Janet Yellen in disguise? :)

Looks like I am going to get 125p soon enough! I will not defend the banking sector, nor ignore BARC's own many transgressions over the years - and FWIW, I was against the bank bailouts back in 2008. Much to the horror of many business contacts and colleagues at that time. All of whom would have willingly proclaimed themselves to be capitalists. None appeared to see the disconnect on this front :) So, why do I currently hold any shares here, even if the current pot is a small one? Because I believe I will make a profit on them at some point, as I did when I had a bigger holding in the run up to 190-odd pence recently. Small tranche because it feels a lot more risky now. I can see a lot of banks going under in the next 12 months or so. Not enough cash to bail them all out. I do not see BARC being in that category. But time will tell and it is a gamble to an extent. Especially if the next 12 months or so pans out how I fear it may. The game is the game. Good luck trying to change it.

The LTIP did not drive my decision to invest here, but I like the fact they have clear criteria for being met. Unlike so many AIM options awards. That said, I would not be too impressed if they get missed and then the BOD award another round of them with lower strike prices. Seen that happen before too. Would it change the investment case for me? No. But it would be a black mark nevertheless. Anyway, that is still a fairly long way into the future and hopefully it will not be relevant to the discussion. I retain my belief as I have said more than once now, that this is finance-related, nothing else. Early Q2 is almost upon us and I remain as bullish as I did when making the decision to actually buy some for a longer term hold, rather than just a quick trade. Not that I am happy that both pots are heavily under water right now :) Still fully behind the BOD and looking forward to the next company news. GLA.

Bit worried to hear the mainstream media are on the same page! If Jim Cramer was saying to buy gold...I am dumping my entire PM miner p/f tomorrow :)

I do not see a Labour government being any better or worse for HARL than the current bunch of clowns. Two cheeks of the same...ugly face IMO. Slightly worse for the successful working and lower middle classes in terms of living standards, sure, but IMO defense spending will be an area of growth under them as it is under the 'Conservatives' today. They seem to be equally in thrall to the net zero wheeze too, so of all the things to worry about, as far as this company goes, that is not one of them, to my mind. As long as the contracts continue to incorporate inflation-adjusted metrics, then fingers crossed, should be reasonably fine. IMO, high inflation is here to stay for a lot longer than many people think, so this is an important feature of negotiations going forward.

They sort that and it is a quick trip to 20p IMO.

The thing that sticks in my mind is how gold did not drop much when the USD was strong. Normally it does. I know that the PM prices are on the up as I type and they could just as easily drop back tomorrow, but I keep looking at the gold chart and see a significant leg up at some point in the not too distant future. Fully appreciate that it could be confirmation bias on my part and even if I am right, it does not bode well for what the world will look like at that point, IMO. Control what we can control I guess.

It is not a matter of impatience, it is a matter of practicality and pragmatism. Especially when you do business in Africa.
Do we think that the government need to give us this licence more than we need it? Who can wait longest? Ultimately though, it absolutely is about appeasing shareholders. That is the deal when you list a company.
We would all like to make a quick buck and I will not deny that that would be my preference here, but I am under no time pressure. I just do not want to see the clock run down and another raise be required prior to MDA. Not least because the era of cheap credit is over.
I do not mean to come across as bearish and certainly not wanting to be accused of trying to spread FUD, as such accusations sometimes seem to get thrown about on these chat boards.
I am very excited about the prospects here, which is why I took a position recently, having followed the company for quite some time before finally taking the plunge. This is not my first small cap miner and I have some familiarity with the way business works in Africa too (although not Malawi). Anyway, let's hope it gets concluded soon, then everyone can be happy and enjoy the fruits of the journey :) GLA.

What is the alternative to agreeing to the government conditions, though?

It was rather. If I was checking the company out for the first time, I would probably feel a little bit short changed. As it is, having watched lots in the past, it was for me short and sweet. Not going to blow the doors off the SP with that presentation, but at least we got an update. Especially reiterating Juv relationship and that the cash runway in not predicated on S or J milestone payments.
These are not the type that seem to go in for much marketing, but as long as the science does the talking, so sooner or later will the SP, IMO. Everyone has stopped asking about director buying I guess :)