Member Info for nomlungu

I have 2 on my watch list this week... One sells porcine derived implants; the other triggers growth and self-defense mechanisms within plants.

Find the first one and you may make a few percentages; find the second and you might have to sell the shirt off your back. Very little free float in either.

Kenny, thank you for the welcome.

so many posts but so little contribution - seems a bit south park like

why start another thread; especially when criticising a post...

I am going to re-evaluate this tomorrow - If anybody has any thoughts they think worth sharing (positive or negative), please do so.

Trump is expected to reference prescription drug prices in his State of the Union speech on Tuesday. I expect that reducing the profitability of existing treatments will encourage the take up of alternatives that have been neglected whilst the big pharmas have been milking their cash cows.

Thanks, Nom

Whilst I wonder the logic of developing coal fired power stations in Bangladesh (as it is one of the countries most exposed to the effects of global warming driven increases in sea-levels) I found the MIT article below interesting and thought it worth sharing with those investing here.

State Grid’s broader ambitions are tied to the Belt and Road Initiative and GCM's plan is part of those Chinese's plans. Most would not know that State Grid is the second-largest company on Fortune’s Global 500 list (only Walmart has a greater annual turnover).

https://www.technologyreview.com/s/612390/chinas-giant-transmission-grid-could-be-the-key-to-cutting-climate-emissions/

Trump is expected to reference prescription drug prices in his speech on Tuesday. I expect that reducing the profitability of existing treatments will encourage large pharmaceutical companies to look for new and novel treatments as their existing drugs become less profitable. If so, this could be good news for Scancell.

https://www.bloomberg.com/news/articles/2019-02-02/want-a-hot-stock-tip-watch-trump-s-state-of-the-union-speech?

https://www.bloomberg.com/news/articles/2019-02-01/wall-street-analysts-have-mixed-feelings-on-u-s-drug-proposal

We live in capitalism. Its power seems inescapable. So did the divine right of kings. Any human power can be resisted and changed by human beings. As said by Ursula K Le Guin.

Same goes for Brexit - if he majority now realise that this is now an act of national harm it can be changed.

Evacuate the Queen - riots in central London being modelled...

https://www.dailymail.co.uk/news/article-6661457/Whitehall-plan-evacuate-Queen-Brexit-sparks-riots-streets-London.html

No deal and toilet paper runs out in 10 days - squeaky bum time?

And of course no one considered the farm effluent problem if we cannot slaughter animals because the vets cannot be recruited and meat cannot be exported to the EU.

Rees-Toff-Mogg must be so proud.

Is Mrs May getting desperate to renew her mandate after delaying Brexit (before the 'new Labour' centrist party has a chance to be formed?

https://www.dailymail.co.uk/news/article-6661607/Tories-pencil-June-6-polling-day-delaying-Article-50-securing-Brexit-deal-April.html

about time

https://www.theguardian.com/politics/2019/feb/02/rebel-labour-mps-set-to-quit-party-and-form-centre-group

The events at Metro Bank are concerning. The Treasury Committee will keep a close eye on developments, and may choose to raise it with the PRA,” Nicky Morgan, chair of parliament’s Treasury Committee said in a statement to Reuters

https://uk.reuters.com/article/uk-metro-bank-hedgefunds/short-sellers-pile-more-pressure-on-britains-metro-bank-idUKKCN1PP26K

We are both wrong - I used the shares in issue shown on this website as opposed to that listed on the latest RNS.

The correct figure for 3 percent appears to be £5646 based on 1882221134 shares issued shares trading at a hundredth of a penny, which I have then multiplied by 0.01 (to get to pounds) and then 0.03 to get (to the 3 percent threshold).

Still cheap for a ramp if you think some would fall for trickery... I am not taking into account any future placing in my figures.

1882221134*0.01*.01*.03

But a shell with so little money will be crippled buy the costs of winding down the existing business and listing / directors / nomad fees etc.

I am not surprised it has been mentioned again after the latest RNS - Swampies will be tossing their mudden rotty boots at their political representatives.

Still, it just brings more opportunities for those who believe to continue to slowly top-up when funds are available whilst the extent of the discovery gets better understood. If the 'experts' can work out a way to sustain the flow this will get interesting.

The Environment Agency are getting a bit concerned about no deal:

https://www.theguardian.com/politics/2019/feb/01/revealed-plan-to-deal-with-putrefying-stockpiles-of-rubbish-after-no-deal-brexit

It would only take a buy of around £3.5k to buy 3 percent of PSL and trigger a TR-1. Maybe there will be one last P&D.

Troajan,

I doubt that they will ever mine an ounce of gold so no matter what the market capitalisation is, I think that they are over-valued.

Their CEO's old blog is of interest - he does not believe in Fiat Money!

http://www.themoneyenigma.com/

CanonGuy,

The directors of FLYB will be aware of 'Wrongful Trading' and the personal liabilities that they could be exposed to - section 214 of the Insolvency Act 1986 needs to be considered.

https://www.legislation.gov.uk/ukpga/1986/45/section/214

They have assets in Sweden and Ireland - Sweden is about to go into a recession, as will Ireland if there is a messy Brexit. Both countries have much higher labour costs and far less access to shipping and processing facilities than a potential Portuguese mine.

I cannot see how they will be able to economically extract any minerals on their projects whilst their lower cost alternatives. It is a bit like GGP - great gold mineralisation but, potentially, far higher extraction costs than South African mines (which are established and operate with significantly lower labour costs).

I expect the next MAFL update to be positive.