Member Info for nomlungu

Serious flooding will have caused problems with this year's harvests in China, including 10s of millions of tonnes of wheat.

More warnings that the 'Mandate of Heaven' may have broken if you are superstitious.

The Market Makers do not want the shares, that's for sure. If it keeps falling, I will try another trade, as there is a more solid floor in the share price here than in most junior mining companies on AIM.

from bloomberg's next china email:

"record rainfall - 29.3 inches

that's how much rain was dumped on the worst-affected spot of beijing through a five-day stretch that ended this week, the most ever going back to 1883. flood victims are now taking aim at a key communist party official they say sacrificed their safety to protect xi's flagship projects.

new rocket man

there was more unexpected high-level reshuffling this week, with president xi replacing the two most-senior leaders in the people’s liberation army’s rocket force with outsiders. the secretive unit, which is in charge of the nation's nuclear ****nal, is key to any potential invasion of taiwan."

the rocket man story is most important; the liberation army’s rocket force is/was staffed with experts as opposed to party faithful. rocket facilities will be the top of the target list in the event of a war with the us. they have suffered a major intelligence breach and xi is trying to root out people who are not part of his cult of personality. getting rid of the experts and those considered less than 1000% loyal leaves the institution fundamentally weaker... a bit like how putin has surrounded himself with yes-men. the rest of china's leadership will have noticed.

What is that RNS is a discounted placing? What direction does the share price go then?

"Adam would have discussed with them and can make changes as he wishes."

Adam is not on the BOD; how can he make changes 'as he wishes'?

'why are people complaining about them not buying shares '

A bit of a silly comment - people are complaining because the BOD are not buying on the open market at the current prices; it makes people wonder if they are waiting for the price to fall, possibly substantially, before they are granted options.

Resolution 11 was passed at the AGM (all resolutions bar 12 & 13 were passed) so authority to issue the options exists

Resolution 11 – allotment of share capital (share options)

The directors are seeking authority to allot ordinary shares in the capital of the Company up to a

maximum nominal amount of £10,000 (being approximately 10 per cent of the Company's issued

ordinary share capital) during the period up to the conclusion of the next AGM in 2024 or, if earlier, the

date 15 months after the date of the passing on the resolution in connection with the grant of share

options to consultants and employees of the Company ("Share Options"), but for no other reason.

Or, the BOD may be waiting for the next discounted placing to create a new floor to price the 10m authorised options at.

Porky,

They will secure support... No doubt Adam would prefer to buy more shares than see death spiral financing and other shareholders would opt into a discounted offer if (a) he was a firm declared subscriber and (b) VAL did an offer for existing shareholders.

And if they cannot do a traditional placing, then death spiral financing should be easy to arrange. Just let the funders name their terms, and you can bank whatever they are prepared to offer you. There are enough shareholders who would be prepared to average down if the discount was steep enough.

As far as I am aware the EU has yet to agree a stand for ultra high voltage power lines; any cables will need to be interoperable as the eventual Ultra High Voltage grid will be used to move power around (like when the wind is blowing in the North Sea and it is cloudy / night time in Portugal).

If no standard is in place then money on an incompatible cable is just money being spent to make GOV look good and win votes; we need GOV to think longer term than the next election or 2.

'A New Mode of Cancer Treatment'

https://www.science.org/content/blog-post/new-mode-cancer-treatment

https://newatlas.com/medical/first-of-its-kind-cancer-drug-targets-metastasis/

This has got the media paying attention... Anything that can stop metastasis would be a gift to mankind.

Splitting wood inside old tyres - clever trick

Kenny will like this video: "The process by which traditional Japanese hammers are made. 70-year-old Japanese hammersmith."

https://www.youtube.com/watch?v=n4LAk1JVYDM

Bank of England boss says he is really puzzled why consumer spending is so 'resilient'... They wanted to cut demand so increased interest rates; people who had no or little money are battling with their mortgages but the rich / retired have plenty of cash and are now getting bumper interest income so can spend, spend, spend.

GOV should have put up taxes on unearned income (interest, dividends, CGT) AND reinstated mortgage interest deductions for people who let out property. It would have reduced the frothy demand without the pain being inflicted on the poorer and younger sections of society. The retired and wealthy have been given an easy ride yet again... but then again who are the CONservatives voting base?

Pretty poor security

https://www.youtube.com/watch?v=dJxKaBSNch0

You need to consider NPV against the capital costs; open pit mining will cost little to start so the NPV is many multiples of the initial outlays. The risk / reward ratio favours projects with lower start up costs.

What time do you think this latest account will be closed?

'Public funds being wasted.' - yes, a disgrace.

For a public body to have wasted 0.003296703% of UKOG's accumulated losses must go down as a crime of the century.

"Crying in their beer !"?

UKOG only got £3k of their costs back and the SP is at an all time low. Local councillors have probably been re-elected partly because of their opposition to UKOG's plans. The only people crying are long suffering share holders. People like you and postalot may like to pretend that all in rosy but it is far from so.

'Long live The Dear Leader' (or whatever the cult members chant)

Xi is terrified - the "Mandate of Heaven" foretells the collapse of the Dynasty, is signalled by devastating floods.

https://en.wikipedia.org/wiki/Mandate_of_Heaven

The "insurance bill" will be met by the people's savings; more tofu dreg buildings will be exposed and further undermine the Chinese economy.