Member Info for nomlungu

Per the RNSs

2/8/18 - announcement of deal between TH Crestgate and Ascendant - details the various staged payments and earn-in details:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MAFL/13741422.html

8/10/18 - purchase of all TH Crestgate shares not owned by MAFL:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MAFL/13819229.html

1/4/19 - announcement of the 2019 $5.2m drilling programme by Ascendant:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MAFL/14023560.html

The 1st of April RNS of $5.2M drilling programme is the first step towards Ascendant increasing its ownership to 50% of Lagoa Salgada by investing US$9.0 million within 48 months and paying TH Crestgate US$3.5 million (per 2/8/18 RNS). If TH Crestgate end up receiving the $3.5m (£2.7m at current exchange rates) it would be a significant receipt for an AIM minnow with a current market capitalisation of £3.24m.

My understanding is that the Lagoa Salgada deposit represents about 3% of known Zinc resources even before results of the current drilling programme are delivered and that the extraction costs are low relative to other known deposits. I have noted in previous posts that the Lagoa Salgada VMS deposit appears to have significant percentages of Indium present which should improve the potential economics of any extraction.

I have purposely not broken down the figures in the RNSs as they could be interpreted differently by others and would not like to inadvertently mislead. Some may consider my post a bit of a ramp but this is hardly a share board with much activity...

All in my opinion; do your own research etc...

I am not sure if this recent article has been highlighted here but, if it has not, may give more hope whilst the tanking share price is making some rightly worried about further funding sources and potential dilution at the depressed share price:

https://www.nytimes.com/2019/04/04/health/cancer-immunotherapy-effectiveness.html

'These figures were listed here by another poster last week and so must be genuine.'

The world is flat and the moon is made of blue-cheese - now you know the secrets that the deep-state has been hiding.

The phrase is DYOR. Believing what is posted on bulletin boards can be a very costly mistake.

which has degraded over time unfortunately...

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5 odd numbers?

No doubt some of the more learned can explain the imaginary number and the relevance in complex number systems?

Why not try and explain quantum annealing whilst you are at it as well?

As Madiba would say, we should embrace Ubuntu - because of my roots I support the Care Centre below.

http://sinethemba.info/

It's impossible, unless you use some non-standard definition for 'odd'. Note that by definition, a number n is odd if there exists some integer k such that

n = 2*k + 1

Given that definition, the sum of 5 odd numbers looks like this:

(2a+1) + (2b+1) + (2c+1) + (2d+1) + (2e+1)

= 2(a+b+c+d+e) + 5

= 2(a+b+c+d+e+2) + 1

which, by definition, is an odd number. So if you just stay within standard base 10 arithmetic, there is no solution.

Kenny,

Not sure if you know of Kevin Drum / Mother Jones but his Friday Cat Blogging article made me smile yet again

https://www.motherjones.com/kevin-drum/2019/04/friday-cat-blogging-5-april-2019/

He wants to take control of the FED

https://www.nytimes.com/2019/04/05/business/economy/trump-fed-interest-rates.html

Is he gaslighting the US electorate by nominating Herman Cain [the former chief executive of Godfather’s Pizza] bearing in mind Pizzagate?

https://en.wikipedia.org/wiki/Pizzagate_conspiracy_theory

Will the Orangutan become a dictator?

https://thehill.com/policy/finance/437500-tax-return-fight-tests-mnuchins-loyalty-to-trump

Interesting reporting:

https://thehill.com/opinion/energy-environment/437564-chinas-foreign-energy-investments-can-swing-coal-and-climate

That may explain why a poster has been claiming that the science is worth £2 to £3 per share - I had not factored consolidation into the posts.

When does the rout end?

That is going to pi55 of a few here...

Apologies - I got that wrong... Wrong time and a General Meeting not an AGM.

Tut-tut - naughty step for me.

Or maybe the seller is attending the AGM and did not like what they have heard?

The options have been in place for a long time - most know that.

'Shall I guess what you're thinking' - informative.

I bought some time ago at 2p and averaged down at 0.9p, sold on the rise to recover my stakes and then sold the free carry on the spike at around 6.4p. Since then I have been a bystander watching the 90 percent decline in share price.

As far as I am aware it is not possible to short VAL without negotiating a bespoke CFD with City Index. Maybe you can educate all by letting us know where to short this share?

For those who have time, an interesting NYT article:

https://www.nytimes.com/interactive/2019/04/04/world/asia/xinjiang-china-surveillance-prison.html

Be wary of the State...