Member Info for nomlungu

Good luck... we all like a profitable trade.

Mannnnan,

Why? From the last accounts: "Net assets of £107,975 (30 June 2022: £108,002)"

M/Cap is nearly £4m. Even after raising £450k that leaves over £3m as goodwill for a non-binding MOU. Might need either industrial grade ramping or idiots who were spiked at much higher prices to think it is time to try and average there way out of trouble?

Chrome Users Beware: Manifest V3 is Deceitful and Threatening

https://www.eff.org/deeplinks/2021/12/chrome-users-beware-manifest-v3-deceitful-and-threatening

This is a nasty development and coders are finding it hard to prepare new tools to maintain decent levels of privacy protection.

Donald Trump poses the biggest danger to the world in 2024

https://www.economist.com/leaders/2023/11/16/donald-trump-poses-the-biggest-danger-to-the-world-in-2024

'Never read a bigger load of B.O. looks in all my years here'

If you need more, you can read what Doris writes in the Daily Fail.

They seem to be a little sarcastic

https://www.youtube.com/watch?v=Ok1suEMJFTI

'The coup is complete, remain has won and democracy has lost.'

https://twitter.com/peteratcmc/status/1723992305986584846

I smell gammon boiling

'The coup is complete, remain has won and democracy has lost.'

https://twitter.com/peteratcmc/status/1723992305986584846

I smell gammon boiling

james cleverly repeatedly fails to deny calling rwanda deportation policy 'bat****'

https://www.youtube.com/watch?v=0yvz9qy8wh0

Market could collapse

Cobalt - watch out for new battery formulations, especially silicone

.

From the article: "What the UK needs is lower business tax and infrastructure projects with a multiplier above 1.0 that pay for themselves via higher growth."

Business taxes are too high, but the rules allow the biggest and wisest to avoid paying them. Reduce taxes, but eliminate the loopholes and level the playing field.

GOV should not be investing in any projects with a multiplier of 1; when I was a Civil Servant, we needed to demonstrate a 7-fold return on investments. A low multiplier can only be justified if you need to create work and the UK economy needs labour, not created GOV employment.

But the Supreme Court agreed with those evil "lefty lawyers". Maybe they stick to form and agree with the "green lefties"?

FT article taking some glee in $unak's missteps

https://www.ft.com/content/01cf1ce0-8f1e-4456-8d9b-de1348883726

--- or ---

https://archive.ph/oHR5T

Adrian,

You do realise that the Rwanda deal was a 2-way deal? They get to send us refugees, and we get to send them 200 of ours now. Now the Courts have said that it is illegal to send them ours, but they can still send us theirs and keep the £140m.

What do the Reform Party headbangers do when they work out just how bad the country has been screwed by the CONservatives?

A new animated video from Kurzgesagt – In a Nutshell

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

Interesting FT article: "Wellcome Trust warns of private equity ‘shakeout’"

https://archive.ph/M1elr

From the article:

"With a difficult market for exiting investments, Moakes expects to see a pick-up in distressed sales “because people who got overcommitted to private equity and other illiquids will be forced to raise that liquidity wherever they can, even if it means a deeply discounted sale”.

Moakes also criticised the financial engineering that some private equity groups are resorting to in the tougher environment. For example, they have begun borrowing heavily against the combined assets of their funds to unlock the cash needed to pay dividends to investors. "

A pick-up in distressed sales? When does it stop?

FT: "Wellcome Trust warns of private equity ‘shakeout’"

https://archive.ph/M1elr

The quote below from the FT article is bourne out by what has been seen in the sell-off of some illiquid AIM shares, where selling pressure from some smaller funds has been driving prices down further than some would expect. But, if there are distressed sellers there are no institutions wanting to buy up their stakes even at much lower prices, so trying to call the end is not easy. Made even harder when someone / a few are selling from beneath disclosure levels. When you want to sell 6 figure £ amounts into a market with daily volume just into 5 figures the price just plummets...

'A “shakeout process” is already under way as investors try to unlock capital invested in private assets, sometimes by offloading stakes in private funds at a knock-down price, he added. “Secondary sales of really quite high-quality private equity funds are starting to appear, which you wouldn’t normally expect, except from people who’ve realised they’ve got too much of the stuff.”

With a difficult market for exiting investments, Moakes expects to see a pick-up in distressed sales “because people who got overcommitted to private equity and other illiquids will be forced to raise that liquidity wherever they can, even if it means a deeply discounted sale”. '

The problem with dumpster diving is that you can end up bathing in bin juice.

From an announcement by Ascendant this morning:

'Mark Brennan, Executive Chairman of Ascendant stated, "We are extremely pleased by the continued support of our partners at Sprott Streaming to drive the next stage of development at the Lagoa Salgada Project. With this funding in place, we are now able to pursue various work programs that we believe will provide improvement to the operational process that will add significant economic enhancement to the recently completed feasibility study."

Additionally, following a request by Empresa de Desenvolvimento Mineiro S.A. ("EDM"), the Portuguese State Mining Development Agency, for a 60 day extension to its existing option to participate in or sell up to a 15% interest in the Project by making its election by February 3, 2024 (previously December 2, 2023), Ascendant and Mineral and Financial Investments AG ("M&FI") have agreed to amend the terms of their respective call and put options.

Under the amendments, EDM shall have the right and option, but not the obligation to participate in or sell up to a 15% interest in the Project by making its election by February 3, 2024. If EDM elects to exercise its option, then the Company is entitled to exercise call options causing the transfer of M&FI held shares of the Lagoa Salgada concessionaire, Redcorp Empreendimentos Mineiros, Lda ("Redcorp"), to Ascendant such that Ascendant will continue to own an 80% interest in the Project.

The amendments also provide that M&FI shall have the right and option, but not the obligation, to exercise its put option commencing on the date on which EDM makes its election and terminating four (4) months thereafter, to require Ascendant to purchase all of the Redcorp shares then held by M&FI, representing a 5% interest in Redcorp by paying the put price to M&FI.

The put price would be an amount in US dollars, payable in cash, equal to 5% of the post-tax net present value of the Project provided in the then current feasibility study using a 10.5% discount rate (the "Put Option").'

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2023/Ascendant-Announces-Additional-US4-Million-Funding-for-Its-Lagoa-Salgada-VMS-Project-in-Portugal/default.aspx