Member Info for nomlungu

Kenny,

It is a terrible sign on the financial health of consumers... Those same consumers who will see home repayments increase, further squeezing disposable income. From a well known Communist Newspaper:

'Figures from the regulator the Financial Conduct Authority show that around 1.5 million homeowners will come to the end of fixed-rate mortgage deals during 2024. And the Bank of England has estimated around five million homeowners will see their monthly mortgage payments rise between now and 2026.'

https://www.forbes.com/uk/advisor/mortgages/mortgage-interest-rates-forecast/

'Klarna AI assistant handles two-thirds of customer service chats in its first month'

https://www.klarna.com/international/press/klarna-ai-assistant-handles-two-thirds-of-customer-service-chats-in-its-first-month/

These are impressive first results

New York, NY – February 27, 2024 – Klarna today announced its AI assistant powered by OpenAI. Now live globally for 1 month, the numbers speak for themselves:

The AI assistant has had 2.3 million conversations, two-thirds of Klarna’s customer service chats

It is doing the equivalent work of 700 full-time agents

It is on par with human agents in regard to customer satisfaction score

It is more accurate in errand resolution, leading to a 25% drop in repeat inquiries

Customers now resolve their errands in less than 2 mins compared to 11 mins previously

It’s available in 23 markets, 24/7 and communicates in more than 35 languages

It’s estimated to drive a $40 million USD in profit improvement to Klarna in 2024

If only the rampers would buy some shares with their own money instead of trying to get others to buy before the next round of dilution then there might be more buying (as the quality of ramping has hit an all-time low, just like the share price).

#shootingfishinbarrels

'To raise about £500,000 they will need to issue at least another 1 Billion shares.'

That sounds a bit rampy when you omit that the 1 billion shares would be post consolidation. More like more than 10 billion shares pre-consolidation...

Casperd,

Whilst I agree that the delay is annoying bear in mind that MAFL / ASDN stand to gain nothing and lose plenty by getting confrontational with the Portuguese GOV.

Politics is a massive factor in mining and the lithium scandal that brought down the GOV of António Costa means that there will now be national elections on the 10th of March. It is reasonable to expect delays on any mining related matters until after the elections to remove any perception of skullduggery.

I am a realist whose stance most would normally class a 'glass half empty'; this is a rare occasion where I might be placed in the 'glass half full' camp.

Patience, if you have the time, is key. But, if more people lose theirs then the share price could weaken further and offer another sub 10p buying opportunity for the brave and fool hardy.

'How do you know the value of shareholder's equity will be decimated?'

In the Roman Army, decimation was the killing of 1 in 10 of an army unit as a form of punishment. It could be said that issuing the 3 billion shares to the EBT was a form of decimation, as it was pretty much taking away 10% of the company from shareholders.

What comes next is worse than decimation.

In 'the very short term' - do you define that as the few days it could take to start issuing more shares?

Downbutnotout,

'shares paid for at above the current share price.'

UKOD lent them the money to buy the shares so they paid ZILCH for them. Why do you think that SS stopped buying shares on the open market out of the money shareholders pay him?

Even better

https://www.youtube.com/watch?v=-gnQFJMleVg

This will not stay up long

https://www.youtube.com/watch?v=iNp8AeVqoOU

Watch it whilst you can

Take away SNAP and Medicaid, end state regulations like the FDA, end birth control, cut taxes / increase the deficit, deport all illegals, lock up political opposition, impose martial law, try and impose Christianity as a state religion etc... The crazies will be firmly in control.

I find James a straight talking Yank; anyone who has American shares should watch his videos... Trump getting back in could be an economic disaster.

https://www.youtube.com/watch?v=hTnPZPxmlSU

https://www.youtube.com/@Politicon

IHateSushi,

As someone who is "new to this" you might find it confusing at first when people call you Adrian.

'Ocelot is totally deluded and extremely desperate.....

Talk about fiddling while Rome's burning.......'

Seeing as ocelot asked, I am happy to hit that thumbs up button...

"Looks like the Just Stop Oil Brigade are out in force today…"

It seems easy for UKOG to 'Just Stop Oil'; they employed SS to identify projects. Maybe someone could remind all how much they have spent to produce 50 barrels a day? £50m? Closer to £75m?

GCM - they seem to need political approval. How much will they need to 'grease the wheels'?

And, more importantly, why would Bangladesh embrace coal when they are at so much risk to rising seal levels? Climate experts predict that by 2050, rising sea levels will submerge some 17 percent of the nation’s land and displace about 20 million people.

And, even if you are going to allow more coal out of desperation why should foreigners profit / how secure will the asset be if a new bunch of politicians decide it was a bad idea.

It seems to be a terrible long term investment prospect and the history of discounted placings means a short term trade has elevated risk as well.

There were around 200 posts on that board yesterday... I wondered what was up?

$500 drone calculates its position with camera, Google Maps

https://dronenr.com.au/2024/02/19/drone-position-gps-camera-google-maps/

'Without needing to rely on an external constellation of satellites, the GPS-free drone can continue operating on missions in GPS-denied environments, such as remote areas or those that have been jammed. Unlike Skydio’s approach, which uses cameras to position itself, using imagery that doesn’t rely on light to work means this drone can fly anywhere in the world it has imagery for at any time of the day or night.

This obviously has benefits for the defense industry, who are always trying to advance UAV tech and get around enemy defenses. On top of this, the drone costs under $500 to produce and with manufacturing at volume even less.'

Clearly Wales can breathe a sigh of relief as the near continuous cloud cover and rain means the cameras will not be able to map the ground.

'Britain’s stretched public services will buckle under the weight of the spending cuts being planned for after the election, economists have warned, as Jeremy Hunt prepares for another round of tax reductions in next week’s budget.'

https://www.theguardian.com/politics/2024/feb/26/uk-public-services-will-buckle-under-planned-spending-cuts-economists-warn

Cut taxes and try and save a few CONservative seats and leave a bigger mess for Labour to sort out.

The problem is each deposit has its own chemical composition, so requires a bespoke refining system before you get to a standard tradeable product. Many deposits cannot get the end product out at the right prices...