Member Info for nomlungu

The Issue Price represents a discount of approximately 81.62% per cent. to the closing middle market price of 9.25 pence per Ordinary Share on 7 September 2023, being the latest practicable date prior to the publication of this announcement.

And nobody is complaining yet?

'Industry experience is not lacking within the 2 partners, UKOG and AME.'

Unfortunately the greatest success that UKOG has to date is financing its accumulating losses of over £70m. At the current m/cap of circa £7m the market does not rate the money as well spent.

"waste of time"?

A cynic might say that it is time well spent if you earn around £1000 per day (every day of the week, 52 weeks a year) whilst you remain the anointed one.

All praise The Dear Leader!

💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰

'If You’ve Got a New Car, It’s a If You’ve Got a New Car, It’s a Data Privacy Nightmare'

https://gizmodo.com/mozilla-new-cars-data-privacy-report-1850805416

The nonprofit found that every major car brand fails to adhere to the most basic privacy and security standards in new internet-connected models, and all 25 of the brands Mozilla examined flunked the organization’s test. Mozilla found brands including BMW, Ford, Toyota, Tesla, and Subaru collect data about drivers including race, facial expressions, weight, health information, and where you drive. Some of the cars tested collected data you wouldn’t expect your car to know about, including details about sexual activity, race, and immigration status, according to Mozilla.

Turnover in last published accounts was £122m; not as bad as it first seems.

Just an observer... the news on the sale of the US's strategic reserve should be of interest to those involved there.

https://news.ycombinator.com/item?id=37391584

The comments on the article are interesting

Yes - perfectly safe. It is part of Y-Combinator, which is a very successful startup incubator

https://www.ycombinator.com/

4000 funded startups with a combined valuation of $600b.

https://news.ycombinator.com/

Another hard man: 'World’s Strongest Man vs World’s Strongest Recoil !!! (ft. Eddie Hall)'

https://www.youtube.com/watch?v=VVBD7mYgU-c

Dai,

It was trending on Hacker News this evening:

https://news.ycombinator.com/item?id=37391584

Great news aggregator

The eventual sale price will interest some: "The Federal Helium reserve is for sale"

https://disposal.gsa.gov/s/property/a0Xt000000DPeSLEA1/federal-helium-system-and-800-million-cubic-ft-of-crude-helium

Lacros = Linux And ChromeOS

If you use a Chromebook, you can now decouple the Chrome browser from the Chrome operating system. This should result in quicker browser updates when Google discover a Chrome bug, as the browser can be updated without updating the operating system. The video below explains:

https://www.youtube.com/watch?v=2mTAQLkOSq8

Seems a sensible step if zero-day exploits are addressed faster.

Germany refuses to extradite suspect because of inhumane jail conditions:

'A translation of the court report said: “The court decided that the extradition of the Albanian to Britain was ‘currently inadmissible’. Without British guarantees, extradition is not possible in view of the state of the British prison system. There are no legal remedies against this.”'

https://www.theguardian.com/society/2023/sep/05/germany-refuses-extradite-albanian-man-uk-jail-conditions

If you incarcerate people in inhumane conditions they do not reform; they just get released with a great anger against society. How does that make people safer?

OB,

Your Greek dreams could be washed away this week if the Medicane reaches its full potential. Weather models are predicting extreme rainfall:

https://twitter.com/DrEricDing/status/1698942493704757742

🌀**MEDICANE**—A very rare hurricane/cyclone-like storm in the Mediterranean Sea, due to very hot waters from Europe’s 2023 heat dome, may be emerging this week, that could dump astronomical amounts of rain and cause flooding in Greece 🇬🇷. Extreme forecasts of well over 500 mm of rain (less likely, but some models suggest maybe up to 2000 mm / 78 inches of rain) in 48 hours! (See right graph). Hurricane-level wind gust also recorded already. But the extreme volume of rain could cause severe amount of flooding. #Medicane

https://twitter.com/DrEricDing/status/1698942493704757742

2 meters of rain in 2 days - how do you even begin to think of the damage?

'The Group continues to be cash generative and, with cash flow also typically seasonally weighted to the second half, leverage is expected to continue to decline absent of further acquisitions and/or development investment.'

Still making progress with revenue up 17%... results as expected?

Twist your words? These were your exact words:

"Eventually to cover costs"

If they are not covering costs they will run out of cash; if no cash from elsewhere it is a placing or bankruptcy. And you now seem to even acknowledge there could be a placing 'in a few months' which makes sense as they will run out of cash in mid November if they run at the same cash burn as the first half of the year.

Are you trying to deramp the share?

"Eventually to cover costs"

Even PM is posting that the lab is costing precious cash to run... Is this an acknowledgement from him that a placing is coming in the next few months if cash is not found from some other source?

If so - how do you justify "Strong Buy"? Are you expecting the placing to be done at a premium? History suggests that you would be mistaken if you do. My opinion would be to register an interest with the broker in participating in the next placing as you might get deeply discounted shares that you should be able to flip once optimism returns.

You are wrong

'Recent sensible statements on taxation by the shadow chancellor will help pave the way to government.'

I have been on 'strike' since resigning from the Civil Service in 2014; a Labour GOV might encourage me to do some work again, as I really do not want to pay taxes under this GOV. I expect that this feeling of mine may be widely felt and that there will be more rejoining the workplace and, more importantly, a change in attitude for the better by the wider public workforce who will feel that their political masters value them more.

Must be a concerted super-ramp™ coming soon. There have been plenty of multibaggers recently, and those who have gambled and won will be looking for new 'investing opportunities'

New bag holders will be anointed...