Member Info for nomlungu

Troajan,

What I read (maybe watched on YouTube) is that they will 'encourage' local GOV to bail out builders to complete unfinished projects AND BUILD MORE!. The market is already oversupplied and you cannot export housing.

Just using the credit card to build more unwanted property is outright stupid as they already have too much to occupy... and all that unoccupied property needs maintenance otherwise it just deteriorates and becomes worthless.

They need to encourage consumer consumption not more investment in worthless assets. Sure, it may be politically worthwhile in the short term but they are just kicking a rusting can further down the path to misery.

Rats calculator seems to have malfunctioned with so many zeros (which is understandable)

0.13*125*125*125 = 253906.25

Thats 253906.25 billion shares or 253 Trillion shares when you factor in 3 125/1 consolidations

Decent Chrome extension...

https://chromewebstore.google.com/detail/merlin-1-click-access-to/camppjleccjaphfdbohjdohecfnoikec

ProActive interviews do not include subtitles; Merlin creates a transcript with one click which is nifty for a free tool.

The filter did not like the first links but you can access them from

https://www.kazminerals.com/

genghis15,

i am basing that estimate on other low cost open pit mines in low-cost jurisdictions and taking into account the grades at verkhuba which are high for an open pit mine. costs around $1.25 a lb are possible at low cost mines in south america [chile and peru] and i would expect similar costs in kazakhstan. kaz minerals published costs at $1.14/lb for akto*** in 2022 but that seems to be based on a much lower copper equivalent [wikipedia says just 0.37%]. kaz claimed $1.08'lb for bozshakol in 2022.

inflation will have had an effect on kaz's costs over the last couple of years, but the higher grades at verkhuba will help. my figure is just an educated guesstimate.

https://www.kazminerals.com/our-business/akto***/

https://en.wikipedia.org/wiki/akto***_mine

https://www.kazminerals.com/our-business/bozshakol/

Scot,

Directors can get around closed periods by announcing share purchases in advance (such as when SS at UKOG committed to buying shares every month for 12 months) or by committing to spend a percentage of their wages each month buying shares on the open market or have the company issue them shares as part of their remuneration every month.

GF has no excuse other than (it seems) being more prudent with his own money than many of ALBAs shareholders.

American traders betting on profiting from the difference between US and Chinese copper prices have been caught out and had to close positions, which has caused the $ price of copper to spike. Whilst the trend is clearly a firmer copper price, expect some slippage over the next few months [see Stepek's Bloomberg article linked below).

This is not necessarily a bad thing - whilst prices for the open pit potential at Verkhuba have not been announced, they will be low; I doubt they will be much over $1.25 a lb (if even that high). If prices do not go higher and higher, then the appeal of projects with low lead times and bottom quartile prices just appeal more. There should be news on the potential farm out within 2 months...

https://www.bloomberg.com/news/newsletters/2024-05-15/four-more-reasons-uk-stock-market-looks-cheap

Then you should go for it... shareholder apathy destroys wealth. Good luck to you...

Are you angry enough to get a group holding 5% of the shares to request an EGM and get the incomers ejected and Suzy reinstated as CEO?

Worth reading Stepek's article [it is not all about the UK market]:

https://www.bloomberg.com/news/newsletters/2024-05-15/four-more-reasons-uk-stock-market-looks-cheap

TLDR - bets on the difference in US and China copper prices are having to be closed, which has created the $ spike in copper prices; do not expect the spike to last once this panic is over.

Clearly, the longer term trend remains...

Yes, but there is an 'arrangement fee by way of an issue of 33.88 million new ordinary shares of no par value in the Company ("New Ordinary Shares"), and a drawdown fee by way of warrants to subscribe at no cost for a further 22.59 million New Ordinary Shares (the "Warrants").

They have given away a 1/4 of the company to borrow the money.

Biden / Trump debate 27 June [if Trump has the balls]

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Joe Biden

@JoeBiden

I’ve received and accepted an invitation from @CNN for a debate on June 27th. Over to you, Donald. As you said: anywhere, any time, any place.

https://twitter.com/JoeBiden/status/1790747680173363660

PM,

'The good part is they have some time until early 2025.'

Can you provide your workings that show cash will last that long? Surely you do not want to encourage people to keep replying to your posts that the cash runway seems to end in October and that a placing is likely before then? As a reminder my calculations are below... go on, provide yours. Surely you have some workings to back up your statements? Or are you just avoiding answering...

Earlier Post:

Net cash outflow from operating activities (1,772,351)

Net cash inflow from financing activities (306,181)

So cash burn averaged = £173k a month

Cash balance at 31 December 2023 of £174,684

January 2024, the Company raised approximately £1.8m, before expenses

Cost to raise funds in year was 12.8% [167,525/1300000]

At same rate gross of £1.8m = £1.57m

Total available cash = £1.744m [1.57 + 0.174] which provides 10 months cash flow

Next placing expected September?

Traojan,

You know what you are dealing with... there will be some going in too deep / averaging down again without appreciating the imminent risks.

Article about Open AL's latest model, which will be rolled out to all Users [not just those who pay $20 a month]

https://www.oneusefulthing.org/p/what-openai-did?

Should be much better than Claude... so Claude will have to release more free features. I love these races to produce free tools for folks like me that are allergic to paying to use anything on the interweb.

How long until a placing?

PM,

You state: "Cash runway now appears sufficient to carry it well into 2025". My post from earlier this morning using figures from the accounts [aka the latest available 'facts'] show the runway ending in October necessitating a raise in September. That is 4 months away.

As an expert on matters relating to Valirx please explain in detail how you get to your claim that cash lasts well into 2025. Quote facts or admit you are wrong and withdraw your unsupported claim.

Earlier Post:

Net cash outflow from operating activities (1,772,351)

Net cash inflow from financing activities (306,181)

So cash burn averaged = £173k a month

Cash balance at 31 December 2023 of £174,684

January 2024, the Company raised approximately £1.8m, before expenses

Cost to raise funds in year was 12.8% [167,525/1300000]

At same rate gross of £1.8m = £1.57m

Total available cash = £1.744m [1.57 + 0.174] which provides 10 months cash flow

Next placing expected September?

'Sometimes you have to play it smart'

Ramping all the way down from 60p is 100% smart; well done you.

Net cash outflow from operating activities (1,772,351)

Net cash inflow from financing activities (306,181)

So cash burn averaged = £173k a month

Cash balance at 31 December 2023 of £174,684

January 2024, the Company raised approximately £1.8m, before expenses

Cost to raise funds in year was 12.8% [167,525/1300000]

At same rate gross of £1.8m = £1.57m

Total available cash = £1.744m [1.57 + 0.174] which provides 10 months cash flow

Next placing expected September?

Ocelot posts a warning without realising... if they need to double the number of shares in issue every 4 months to pay the 250k a month running costs then the share price will halve every 4 months. The halving may be an underestimate as the share price is down by 80% over the last 4 months.

The phrase 'caveat emptor' comes to mind.