Member Info for nomlungu

'Scotland needs more pylons to support wind power expansion, experts urge'

https://eandt.theiet.org/content/articles/2023/08/scotland-needs-more-pylons-to-support-wind-power-expansion-experts-urge/

'National Grid estimates that five times more transmission lines need to be built by 2030 than have been built in the past 30 years, at a cost of more than £50bn.'

$500k reward as well as not being killed in an unjust war. Good odds.

'The discharge limit for release of radioactive water at Fukushima is 1/7th of the World Health Organisation standard for drinking water. The discharge is ultra-conservative.”'

https://www.sciencemediacentre.org/expert-comment-on-release-of-waste-water-from-fukushima-into-the-pacific/#:~:text=The%20discharge%20limit%20for%20release,discharge%20is%20ultra%2Dconservative.%E2%80%9D

But that was a massive 75k sell... Oh, wait, 75k shares not £75k. A sale of just £34 was enough to get to an all time low.

Someone dropped a spanner in the works; try this:

https://www.londonstockexchange.com/news?tab=news-explorer&period=daily&headlinestypes=1,2

This site has had problems with the Stock Exchange feed in the past

From "ASCENDANT RESOURCES ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS"

'Mark Brennan

42,263,782

98.83 %'

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2023/Ascendant-Resources-Announces-Results-of-Annual-and-Special-Meeting-of-Shareholders/default.aspx

After a disappointing year for their share price it is good to see the solid support for his reappointment.

No figures given though... But share price does not react to good news with figures so I say up 15% today.

But Cruella Braverman wants to stop foreigners coming to the UK to study so she can pretend she has taken back control over immigration; English language teaching rev may be under threat.

"12 months cash plus revenue from new work brought in."

So no costs to generate the revenue or debtors terms to finance?

PM

I included the Tax Credit to get to 'Total cash including credit £1083917'

If there is no more money spent on Investing Activities that cash pool lasts 5.9 months based on the first 6 months Operating Activities; If they continue Investing at the same rate as well the pool lasts just 4.6 months.

In the absence of any other source of free cash flow this company needs cash and it needs it soon otherwise it risks running very low on cash with a share price under pressure from cash reserve concerns. People are going to repeat the placing fears whenever they see unlikely claims such as "12 months with cash control ".

Lets see how the share price does today.

Cash burn from Operating Activities £1,104,454

Cash burn from Investing Activities £303,302

£234626 per month; Tac Credit received post period £192,671

Total cash including credit £1083917

How long does that last? How do people claim "This will remove all the fear of placing anytime soon!" [only 4 to 6 months cash left at current burn rate] or "No placing this year!" [there was one in January] or "Cheap at 6p with cash way into Nt year." [deluded?]

Are you just making a mistake or being dishonest? The placing RNS 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."

Pennpetro - I am superstitious about companies that change the length of their financial years. It is an additional audit risk and HMRC punish the company when they audit risk the accounts to generate potential tax enquiries.

PPP changed their year-end and were due to report a 15-month financial year when they were suspended.

Will the tech work with liquid hydrogen as well? Some are a bit concerned with boil off from hydrogen as the amounts are still mathematically undefined... it could be a larger factor in global warming than people expect / maybe they are just ignoring in the hydrogen gold rush.

And the Kremlin seems to be pushing a story about a case of wine hiding a bomb? No SAM involved, Putin did not get it shot down... Yeah, right!

FT: "A western official said they had been told the plane had been brought down by a Russian anti-aircraft missile system but could not confirm whether Prigozhin was on board, adding: “Putin doesn’t take prisoners.”

Agenda Free TV:

https://www.youtube.com/watch?v=R2qYeVFwEoI

Good YouTuber for "Breaking News" who has just started a stream on the story

Https://twitter.com/rawsalerts/status/1694398942203531480

footage

🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆

If this is 'The share that keeps on giving' it has blessed the average downers yet again. They are fortunate that The Dear Leader (praise be his name) runs this company in such a manner that they can yet again average down at an all time low.

Surely there is an expert somewhere who will be celebrating his good fortune?

Spectacular operation by Ukrainian forces.

This morning an Ukrainian drone penetrated the Russian air defense and surveillance grid at Olenivka, in Russian-occupied Crimea. The drone documented the destruction of a full S-400 battery, along its crew.

https://twitter.com/Tendar/status/1694294645717823899