Member Info for nomlungu

Things that go boom...

Hydrogen needs to be stored as ammonia; is Centrica expecting free GOV money? Hydrogen has no place in the pipe network.

convicted bank robber; criminals do well under putin

"Snow storm slowed down Ukraine kill count dropped in last few days........."

Hypothermia will have got a few more; just have to wait for the snow to melt to find the Ruzzians who drank themselves to a frozen death.

The bonds are not bad; they are bonds issued by the FED, BoE, ECB etc. It is the effect of the devaluation of the bonds [caused by higher interest rates] on the bondholders [banks and pension funds] balance sheets.

If anything, the face value of the bonds are more secure, as inflation will be increasing the nominal amount of taxes collected that will be used to repay those bonds.

I subscribe to his Chartbook email newsletter; the latest one makes good reading, as is his latest FT article [both of which are about the implications of changing interest rates]

https://adamtooze.substack.com/p/chartbook-207-the-trillion-dollar

https://www.ft.com/content/4d519cc7-5959-4749-a892-dc8bd5cf1014

-------or---------

https://txtify.it/https://www.ft.com/content/4d519cc7-5959-4749-a892-dc8bd5cf1014

How big is the hole in banks balance sheets caused by losses on bonds?

https://adamtooze.substack.com/p/chartbook-207-the-trillion-dollar

'Interesting' days ahead...

There seem to be a few posting today

If the BOD agree with Suzy's 'Full of confidence and unconcerned' Twitter bio [that was updated in response to a question on Twitter about TRX funding] then they should be prepared to enter into Salary Sacrifice schemes where a percentage of their remuneration [paid for by selling shares in the company] is used a buy shares on the open market every month.

It need not be a large percentage - 20% would do. The shares could be bought tax-free by using a SIPP, and a preannounced Share Purchase Scheme would mean that closed periods would not apply. I have been advocating for years; if it is not just another AIM lifestyle business [which the accumulated losses suggest] then surely they would have no problem with such an arrangement?

It would be positive for the share price and would help to improve relations with long-suffering shareholders.

Worth a look

https://www.economist.com/briefing/2023/03/30/americas-commercial-sanctions-on-china-could-get-much-worse

I think the meds are fentanyl - strong opioids are needed when you have been shafted as deeply as some of the rampers have been.

'‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent,’ Roubini says'

https://www.marketwatch.com/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92

Some UK Banks have the same problem with not having accounted for 'mark to market' losses on bonds.

Tornados to hit Houston in 37 minutes

https://www.youtube.com/watch?v=uFJmw4xyG9c

Many hours of storms breaking out; going to get nasty.

0.08%... Peter Stefanovic explains how good the deal is

https://www.youtube.com/watch?v=BFer7Uq6pyc

It is a sad life when the highlight of your week is when you think Admin have gone for the weekend and you can open another account to push your conspiracies

TolerantpersonoffendedbyfactssayfundefectivesayfandefectivewatnahtseasTDSisrealhokeypokeybjorncompliantsankshunsmedicullfrawdmulteebaggaIQtestdepopeventfrytendweakmenagenda2030fiveboblots2offersillyclotdasciencepincushionzombiethinkerpfeckeduppfektupwillfullystupidcompliantconspearaseefactjeanferapeadasighunsbrainfoglatestthinglogicaldudedatawatcherHeavensaboveindeenilehisterryahPrincypullsMSMJunkieflattenthecurveconfewsedfreemindfeckinhellhileepokedhottopicRyton77thBrigadeuptoitfrytendstifffivegeeSexySadienoncompliantgullybullhanzoffcawsunownunthinkingwetoldyousoCorrelation

So, 'net cash outflow from operating activities during the reporting period was £2.0 million' and Revenue was £1.78m.

So it cost £2.12 to sell £1 worth of oil. Many would give up but The Dear Leader (praise be his name) valiantly carries on for less than £1000 a day. A true working class hero.

Loss on ordinary activities of the Group after taxation amounted to £5,624,000
Accumulated losses (88,976)
The net cash outflow from operating activities during the reporting period was £2.0 million
Material uncertainty related to going concern:
We draw attention to note 2b in the financial statements, which indicates that the Group will require additional funding in the coming twelve months to meet their ongoing cash requirements.

Students in a Japanese town planted a sunflower field, then made sunflower oil, sold it, and donated the proceeds to Ukraine.

https://twitter.com/Gerashchenko_en/status/1641523908430929926

Heart-warming / smile inducing

Is Tom from Goa?

https://www.youtube.com/watch?v=kq90hTMAuwk

Russian draftees in the country’s Perm region have been given “protection candles” instead of much-needed equipment and told to light them in the heat of battle to “cast out evil spirits.”

https://www.thedailybeast.com/russian-troops-given-holy-candles-not-battle-gear-to-protect-them-in-ukraine?ref=home

Shines a light on Ruzzian tactics...

Interesting podcast about LFP (Lithium iron phosphate) batteries. Quite a few references to Nano-One

https://open.spotify.com/episode/6XcxV39m4zE7eRiBtW4Zuw

https://nanoone.ca/

Clearly, a Canadian company like Nano-One will benefit from the US Near / Friend shoring policies (more details on who will benefit from the battery sections of the US Inflation Reduction Act are expected very soon). LFP batteries are cheaper but have lower range.