Member Info for nomlungu

'Everything has a price': Insiders say Trump secret offer left oil barons 'stunned'

https://www.rawstory.com/trump-oil-executives/

'One executive complained about environmental regulations they continued to face despite spending $400 million to lobby President Joe Biden's administration, and the former president pitched what some attendees perceived as a blunt and transactional offer, reported the Washington Post.

"Trump’s response stunned several of the executives in the room overlooking the ocean: You all are wealthy enough, he said, that you should raise $1 billion to return me to the White House," the Post reported.

"At the dinner, he vowed to immediately reverse dozens of President Biden’s environmental rules and policies and stop new ones from being enacted, according to people with knowledge of the meeting, who spoke on the condition of anonymity to describe a private conversation."'

'a chit load'

Stinking news is bad news = bad for share price. More warnings from the Uber-Ramper.

Averaging down logic... a comment from the GDR chat:

'The best way to salvage something from this car crash is to average down.. This offers you a once in a GDR shareholding lifetime opportunity to do that.'

Once in a lifetime... until the next one comes along (or maybe it is the last one and the BOD surprises all and says they need to leave the market and go private...)

'next few months'?

That seems a tacit admission that punters should expect a placing in the Autumn... When PM shows signs of smelling the roses then the average punter should feel the thunder of an incoming placing.

Porky keeps banging on about a penny placing... GDR just did a placing swerve at 57% discount. These massive discounts are becoming regular in small biotechs that cannot attract attention from a Global Corp.

#tut_tut

There will be some very angry punters - GDR spike to £2 a share at the start of Covid. With a few spikes during the long term decline there will have been those who have averaged down (again and again). This must make it the type of share that you like to trade as any spike draws in mugs who think that this time it is for real and they need to get on board the raise whlst they can.

Averaging down can be very dangerous when you are investing in a biotech or any other sector where you know F-All about the underlying science or wider market; it is just gambling.

GDR: "The Issue Price of 1.5 pence per share represents a discount of approximately 57.1 per cent."

https://www.lse.co.uk/rns/GDR/proposed-fundraise-for-a-minimum-of-16360-million-xdgjcuoqcyemx7k.html

Ouch!

I do not know GSCU... From a recent RNS: "Chairman of Great Southern Copper... will be paid quarterly in ordinary shares."

Got to like that.

What happens when the 'family silver' turns out to be electroplated junk?

'in near future we be back to 1p'

Only a 50 bagger? Where do these derampers come from?

I thought you would deny the allegations... says words for them

Actually - there is nothing in storage and the coffers are empty; but, hey ho, as long as someone is upbeat then you can just ignore your losses. They are only paper losses after all and are as much use as bog roll.

Who is yours? Q or Putin?

Reported & binned.

Genghis15,

Starting to exploit the open pit resource at Verkhuba will not require a significant sum (for a copper mine)... And, the cash flow from the open pit mining will be able to fund any underground mining. There has not been a feasibility study released yet but the IRR is likely to be very high [circa 100%] when it is.

I would be very disappointed with a small retained stake; if the IRR is as high as I expect then retaining close to half of the project would still offer any farm inner an attractive rate of return.

It must not be forgotten that the MRE has 7 million tonnes at 1.82% CuEq. Thats 126 000 tonnes of Copper just from the easily harvested open pit potential. All in a low cost mining friendly environment with existing spare concentrator/tailings and smeltor capacity.

Rumour is Farage is going to be appointed to the House of Lords by Starmer... I thought that Elphicke was more likely to join Reform; maybe the takeover of the CONservatives by Labour is complete?

There is little point in advertising your escape price... if someone else wanted 12.50 then they might change their expectation to 12.40 and be the first to take advantage of a little buying momentum.

Timing trades on AIM can be more akin to poker...

She seems to be just an opportunist... Stood by her husband when he was an MP who was jailed for sexual assault and then managed to take over his seat. Clearly, she likes the job and sees the writing on the wall. The Dr who switched sides seems to be more principled. Her statement did not say she would be standing down at the next election...

Freddy,

The same fat cats seem to be keeping control if they can; do you think they have had to take pay cuts to help with the Administration process? Do you think that they made sure they kept their own wages protected when they entered Administration?

'Certain members of key Senior Management, including Iain Ross (Executive Chairman) and Randolph Corteling (Chief Scientific Officer) have remained with the business and continue to support the administrators.'

#cynicismpays

$unak walks into Parliament for PMQs... His backbenchers cheer; why are they cheering the loser who lost so many seats last week?

Cash at 30/11 was £97k

Cash raise after y/end was £380k

Company spends £50k a month financing its operating losses and more on exploration expenditure.

Looks like a placing is coming soon; no wonder the resident rampers have chosen not to post about the RNS.