Member Info for Newuncle

Oh hang on...so now we are liars are we? Do you really want to go there now?

"I prefer his posts, things I cam actually chomp my teeth into and really look into, than anything you lot have suggested these past 6 months. As none of yours, has been true,"

I can assure you that Laura is 100% not Burrows daughter!

As for the rest, this is a discussion board to air all the pros and cons. I know you don't like it and can easily fall out with others you don't agree with here and elsewhere.

Fwiw I think you got very lucky with the price improvement here from 3p levels on little more than bottom fishers looking for a quick buck pay off.

Still waiting for Burrows to deliver on test volume data that he promised, that the only data that actually matters here.

Hmmm......quite amazing a brand new poster with zero history on LSE or OBD suddenly appears with what appears to be a tonne of information that no one has ever seen or mentioned here or elsewhere to date.

How and why raises some issues for me, timing is especially interesting considering Burrows has previously committed to updating shareholders on test volumes to end of September 2024. It's not exactly hard to to add up the numbers so why hasn't Burrows published what he promised? This new poster and his extremely detailed assessments has popped up at a very convenient time.

Caveat Emptor

Share dealing vs spread betting in practice?

We’ve covered some essential differences between spread betting and share dealing. Now, let’s take a look at share dealing and spread betting in practice. We will examine four key aspects: margin, cost, shorting, and what you can trade.

Margin

When you use margin to spread bet shares, you won’t need to invest the entire value of a share upfront. This is due to leverage, where you only need to deposit a small amount of capital to open a position at full value.

Let’s say you are looking to open a trade on Vodafone worth £2000, and your broker has a margin requirement of 20%. Now, because of the margin, you won’t need the full £2000 in your account; you’ll only need £400 in your account to open the position.

Now, with share dealing, if you want to open the same position on Vodafone, you’d need the full amount of £2000, plus commission and other costs, as you are taking ownership of the stock.

In both cases, the profits or losses that can occur will be calculated based on the total value of £2000.

As you can see, with spread betting, your potential profits can be magnified with margin, but so can your losses.

Something aint right here. Moves down far too easily on FA trading each day, every day. Feels like SB companies etc are influencing the price movements far more than genuine trades in the actual market place. Makes me think that traders put in plenty of SB BUYS in the 20s and have had to open SB SELLS since to try recover their losses. Nothing else makes any sense to me any more on this share which should be trading far far higher than this. Manipulation at its worst I have seen anywhere on AIM.

For the avoidance of any doubt re Nobel Peteroleum Ownership

Company Information

Pennpetro Energy Plc is an independent oil and gas company. The Company acts as a holding company and provides direction and other services to its subsidiaries. The principal activity of the Company’s subsidiaries are onshore oil and gas exploration and production in the United States. The Company has a 50/50 joint venture focused on gas and lithium exploration with partner Globalvision International U. LDA. Its subsidiaries include Pennpetro USA Corp., Nobel Petroleum LLC, Nobel Petroleum UK Limited, Pennpetro Greentec UK Limited, and others.

I would imagine if any negotiations are taking place they would be extensive and pretty complex in nature for exploitation of their Lithium assets and could go some way to explaining the lack of news here.

Hi Stuart,

Does make one think about how PPP can exploit this, both near term (ie if they need to farm someone in for a cash payment perhaps to address any near term financing) and medium term for a valuable revenue stream going forwards.

Hi Stuart,

Fascinating read, thanks for sharing. One extract caught my eye:

By then, drillers were looking for lithium in the Smackover. Galvanic Energy, an Oklahoma City company, acquired 120,000 acres of leases in Arkansas. Its CEO publicly worried: Could the lithium “be brought to market without destroying the pristine landscape of this beautiful, forested land?” To demonstrate that it could get to the metal with minimal disruption to the environment, Galvanic teamed with Burba in 2022. It was an opportunity to showcase his modular technology.

“Obviously, the first time you run anything through it, you’re a little nervous,” Layton told me. “I never doubted for one minute it was going to work. I just wasn’t one hundred percent sure how well it was going to work.” The results exceeded everyone’s expectations. An independent test later showed that Burba’s system recovered 97 percent of the lithium from the brine.

Exxon acquired mineral leases to Galvanic’s 120,000 acres for about $100 million, and Reuters has reported that the oil giant is considering using Burba’s DLE at the heart of its operations. (Burba’s company plans to provide its extraction technology to miners.) Houston-based SLB is looking to get into lithium extraction, as are Saudi Arabia’s Aramco and the Abu Dhabi National Oil Company. A half dozen lithium-mining outfits are leasing land in northeast Texas’s Bowie, Cass, Franklin, Morris, and Titus counties.

Ewoyaa is being advanced under an agreement with Piedmont Lithium (NASDAQ: PLL; ASX: PLL). The miner is expected to fund close to 70% of the $185 million development costs outlined in a 2023 feasibility study.

What value for PPP lithium assets

Atlantic Lithium (ASX: A11) is ready to start building Ghana’s first lithium mine after securing the operating permit for its flagship Ewoyaa project in the West African country.

I see that old tombstone mouth has out the knife into ELEG today.

God knows why he felt the need to pick on this minnow when there are literally dozens of other candidates he could just as easily flame at the moment is beyond me. Of course now he has started, he won't let it go and will jump on each and every update from the company going forwards. Lovely man that he is. Easy pickings for his disciples here with such a limited number of platforms taking buy orders at the moment. Could be the prefect storm ahead.

Laura,

fyi

Oxford Biodynamics Plc Ord Gbp0.01 is listed on the London Stock Exchange trading with ticker code OBD.L. It has a market capitalisation of £11.16m, with approximately 311.86m shares in issue.

Now nearly 6 months that many broker platforms not allowing trades on.

Makes you wonder why ELEG haven't been able to sort this mess out, unless they just feel paying for AIM listing and all that PR activity with various paid for websites is something that doesn't matter as they want an industry buy out from someone?

Been like that since govt green lighted spread betting as tax free gambling. No different to betting on the horses on aim stocks now.

LOFL, if only they could tax day traders for each and every sell trade...that would be best fix ever

I have never heard IHT being discussed in shares as reason to buy or not to buy them. AIM is not exactly proving to be a market for LTH is it?

Shouldn't that be GRRRRREAT ! Tiger?

Think breakfast cereal.....

Is it about to go up again?

Fantasisits

Is that even a word?