Member Info for nomlungu

it uses neural linguistic programming, no ai

Watching the live coverage of Barr - what a phrase to use about one of the Russian influences:

'bottom feeding scum sucker'

What is the full potential of this cash shell Adrianuk?

'Committed standby underwrite in place to raise circa £350m' - what price?

'2019 is a transitional year for Metro Bank' - share price down 55 percent since the beginning of the year.

Putting a pink bow on a sow does not stop her rolling around in manure and picking up the smell. Is there another limbo dance to come.

No doubt the mighty Miss G will be back to provide a tonic of realism fairly soon.

I think she learned the sword dance whilst a lass...

Freddy,

'it's better than running out of cash and going bust' - I totally agree. Enjoy your afternoon.

Freddy - so why was the link to the petition even posted other than to suggest that nefarious actors / actions are responsible for the share price decline.

The funding deal is not positive for current shareholders despite what has been posted by some of the more positive posters. The Bid has dropped accordingly and is likely to drop further if the new 'investor' sells any of the shares that they are buying. The TR-1s will tell the story [the first 71m shares were admitted to the market as per an 8am London Stock Exchange announcement this morning].

There have been too many ramptastic posts that deserve to be challenged but posters such as Uncanny do not respond to the questions posed and keep on repeating their seemingly flawed opinions as facts.

Those ramptastic posts need to be challenged by those who have witnessed the slow motion share price collapse coupled by the ongoing dilution. Shareholders were enticed to buy shares at many times the current share price - now the price is much, much lower and the share of the cake is much, much smaller.

Realism is required to make rational investment decisions - you made a post last night noting similar concerns.

Like many, I see some promise in the science but the market has not embraced the science [yet?]

Shorters help identify overvalued shares - there are no notifiable shorts open on Valirx.

https://shorttracker.co.uk/

As far as I am aware, no CFD platform allows contracts for difference on Valirx shares so I do not understand what this thread has to do with Valirx, other another to deflect blame for the fall in the share price from the placing and financing deal that the market has reacted badly to.

Featherbourne,

You have read the RNS? The open offer is at 0.0125 and the RNS states that:

'This is a material discount to the Company's current share price, but equally represents a material premium to the Company's cash per share'.

Your comment of 'top up time blue finish' seems overly optimistic or simply misleading.

The NOMAD will have approved the wording of the RNS - maybe more trust should be put into their judgement than yours?

But why have they raised the additional funds before results of the water isolation are known, and the potential oil flow rates are known; and why are they considering buying a new asset for £1.

Another asset to manage to justify their wages? A bit cynical maybe, but the market has reacted as it has.

I missed this at the time but, wtf, he wants to sell “sentient” leaf blowers to blow away the shorters and their negativity?

https://twitter.com/elonmusk/status/1121290692012183554

Anyone holding VAL shares needs to see a financial advisor asap - but, some of their shareholders seem to think that the 'death spiral' financing deal is a good one.

Even if they have [probably unlikely] positive news in the short term, the financiers will be the main beneficiary. There is no meat left on the bone for a sentiment trader as the spivs seem to be controlling the carcass and are likely to be handing out bits of gristle to the foolhardy who choose to average down / new investors sucked in by ramping comments made by the desperate or deluded.

Someone could write a screenplay about that share and sell it for more than their current market capitalisation.

Highest price paid to buy today today - 1.23p. Sells now at 0.92p.

25 percent loss in a few hours - looks like the free money has been taken by the traders and Peel Hunt leaving greedy PIs holding the baby that may need it's nappy changing.

77 percent discount? And this will fly?

£1.8 billion v £1 pound.

I am not a Times subscriber so cannot read all of the article - what do you think that the relevance is?

They are considering buying an asset for £1 and will receive abandonment funds if the deal completes. Why does the potential seller want to effectively pay ANGS and walk away?

The RNS states: 'Alternatively, but not additionally, the same cash contribution will, in the opinion of the Directors but without external verification, suffice to pay for the reconnection costs of the Gas Field to the National Gas Grid.'

My understanding is that the OGA are tightening decommissioning rules - do the funds have to be ring fenced? To me the phrase 'in the opinion of the Directors but without external verification' is a red flag.

Have I got this wrong / How have I got this wrong?

Does a tanker a day keep the banker away?

The oil being produced is not yet currently covering the ongoing exploration etc costs.

SXX? Extract from RNS:

In circumstances where the Firm Placing and Placing and Open Offer have been completed, but the Stage 2 Debt Event has not occurred by the end of September 2019, the amount held in escrow in respect of the Escrow New Convertible Bonds will not be available to the Company at that date and the Company will have no available cash to deploy into the Project beyond that date and, as a result, it will be required to cease all discretionary spending and simultaneously consider all options available to it. Unless the Company was able to secure alternative funding (if any such alternative funding were available to the Company, which it may not be) or a merger or acquisition transaction involving the Company by the end of September 2019, the Company would cease to operate as a going concern and the Board would be required to place the Company into administration or liquidation, which could result in Shareholders losing part of or all of their investment in the Company.

Handle with care unless you just want to try and ride sentiment in the short term.

Uncanny,

You think that someone sitting on a loss of close to 90 percent is 'not too bad'?

You may not be trying to demean Freddy's position but that could be considered a rather cruel comment that shows little respect to the many who have lost significant sums of money through investing in Valirx.

The annual accounts were released this afternoon - bleaker than I expected. Sales up 5 percent but inventory up nearly 100 percent. Annual cash burn of $6m and only $4.3m in the kitty.

The adoption of their products has not been as fast as expected (hence the growing inventory) and the problems affecting the US soybean industry (US China trade war and the midwest flooding) might impact on this year's sales figures. Most new product launches are not expected until 2021 or 2022.

They are still claiming that they will not need anymore funding but I am sceptical - even their brokers share price has dropped 40 percent over the last year.

Go to buy at the bottom of the market and bank profits on these shares no matter how good the science is as science does not pay dividends.