Member Info for nomlungu

"We'll KEEP AT IT until the job is done."

Powell chooses to close his speech with Paul Volcker's phrase for the second year in a row.

Bond market now pricing in >50% chance of another hike in November

https://twitter.com/JackFarley96/status/1695088450699981023

Blue Chips won't like the competition

I heard it on a video on YouTube, so it must be true

https://www.youtube.com/watch?v=-0ehg4EX5qw

Punters want free cash flow, not news suggesting more money is needed.

You mean 'think for myself' and provide a calculation of when cash will run out if they keep spending at the rate they did in H1? Do you want to keep reminding people that Valirx are heading towards a cash crunch in the absence of any upfront payments or free cash flow from the Lab?

I think you would prefer I did not think for myself and simply agreed with posts claiming that cash will last well into next year.

"Professor Adam is putting in a lot of effort to assist as well. He has his own laboratory and over the last twenty years, he has made many connections in the pharmaceutical industry in the UK and the USA."

So why would they choose to use Valirx's facilities over his? After all, he is on the SAB of Valerix, there has been no announcement that he is involved in the management of, or the promotion of, Inaphaea BioLabs.

They used to refer to a 'pre planned farmout'... Did those plans fall through? Shifting words = ?

FT article about Nammo - a Norwegian ammunition company, grappling with how much to invest in long term capacity to meet short term contracts.

https://archive.ph/zwXXi

Short term GOV thinking is no good on such a strategic matter.

"So you admit you were lying."

Where did I say that?

Did you not read the disclaimer?

Disclaimer

This communication is NON-INDEPENDENT RESEARCH AND A MARKETING COMMUNICATION

And you expect people to rely on what you have heard? Another 'excellent' source. How do they build momentum by cutting spending?

Fortune done a piece on how over valued they are:

https://fortune.com/2023/08/24/nvidias-a-i-fueled-profit-beat-has-investors-cheering-but-a-deeper-analysis-shows-serious-valuation-problems/

Too many buyers chasing the AI dream results in sustained over valuations? A bit like how so many lithium prospects have crashed and burned even though demand has jumped as expected.

CMC did the PREM placing; some sweet revenge for PREM holders.

Cash and cash equivalents at 30 June 2023 of £891,246

6 month cash burn from Operating Activities £1,104,454

6 month cash burn from Investing Activities £303,302

£234626 per month total cash burn

Tax Credit received post period £192,671

Total cash including credit £1083917

If they keep spending at the rate they did in the first half of the year cash will run out on the 17th of November. The company is not as well funded as some would like others to believe. In the absence of funding from elsewhere I would expect a placing being completed a few months before D-Day so a placing in the near future should not surprise anybody.

The cash runway can be extended by curtailing Investing Activities and / or limiting Operating Activities but would either action be in the companies best interests?

The big questions are will Adam be supporting the placing with his own money? Are any other strategic investors interested? Will there need to be a discount and how deep would that discount be?

And, of course, how fast will PM try (and fail) to rubbish the figures?

GOV has chosen to slow down processing to deter refugees and then campaign on how many people are waiting for processing at great expense to the country. Process them faster and the costs would be lower but that would not win votes from the base they are courting.

They have returned to being the Nasty Party.

LIVE: Michael Cohen is READY to Watch Trump SURRENDER

https://www.youtube.com/watch?v=66gB8UydXkM

Cohen live on Meidas Touch discussing Trump's day out; most amusing; he has turned into a decent bloke since his MAGA divorce

PM,

Talking of nonsense, you posted this yesterday:

"Not suggesting it will not happen in the coming months just that the base will likely be considerably higher and hopefully after big news and several other news in Sept with 201 expected soon according to BOD and with that we could be 30p plus. Don’t forget the last one was at 11p in a poor market with zero discount."

But the RNS announcing the placing stated:

"Issue Price of 11 pence per share represents a discount of 10.6 per cent. to closing market price on last practicable Business Day prior to this announcement, being 12.3 pence per share."

Are you prepared to admit you also post nonsense?

Dunno either... but lots of competition. Waitrose got its 25% off deal on again

https://www.waitrose.com/ecom/shop/browse/offers/beer_wine_and_spirits_offers/wine_offers?categoryId=300471

WINE recently said in an RNS: "Naked Wines plc announces that the release of its audited results for the 53 weeks ended 3 April 2023 (the "FY23 Results"), due on 6th July, has been delayed. A further announcement of a revised date will be made in due course."

Delays are bad; makes me superstitious.

Will postalot post triumphantly about the high volume?

Directors buys / closed periods

Your point is only partially valid; the BOD could enter into a share purchase agreement where they commit to buying a certain amount or percent of their remuneration every month. The upfront commitment circumvents and closed period restrictions as the market has advanced warning of the purchases.

Closed periods are not an excuse when the last purchases was early last year. And, GF has only around £50k invested when he earned over £200k last year. Many would say that is a sign of a lifestyle company.

Troajan will like this: "What is pre-war steel, and why are people stealing it? Have you ever heard of pre-war steel? Did you know that it just so happens to be a precious resource? But where can you find it? Why, old shipwrecks, of course."

https://archive.ph/IBCwK