Member Info for nomlungu

Rheinmetall could deliver a total of 139 Leopard tanks

https://www.rnd.de/politik/leopard-panzer-fuer-die-ukraine-rheinmetall-koennte-insgesamt-139-stueck-liefern-CM7YJCNQQFGDDOLGJQCIM5DH24.html

"We still have 22 vehicles from the Leopard 2A4 that we could prepare for use and deliver to Ukraine," he told RND. “The repair of these vehicles would take almost a year. Delivery would be possible at the end of 2023/beginning of 2024. There are also 29 Leopard 2A4s that we have in the works for the ring swap projects and that we will have ready by April/May 2023.” The spokesman added: “From the Leopard 1 we could make 88 vehicles available.”

[Google's auto-translate]

Maybe there is a Prince who needs help moving some funds?

Jeremy Grantham's latest GMO article [no paywall or registration required]

https://www.gmo.com/americas/research-library/after-a-timeout-back-to-the-meat-grinder_viewpoints/

Down to sit outside a bucket shop with a begging bowl? Looks like they need cash...

Don't tell the Russians... The UK over relies on Qatar for LNG, and they have an exposed underbelly. Russia / Iran could easily interrupt our energy supplies with a strategic 'accident'.

https://eandt.theiet.org/content/articles/2023/01/single-oil-spill-near-key-qatari-port-could-devastate-global-energy-supplies/

I did not realise this deal was ending soon... Paying in for missing NICs [or paying Voluntary NI if you are not working and do not already have a 35 year contribution record like me] is a bargain compared to what you will eventually get paid in State Pension.

'The good news is that the government has been allowing men born after 1951 and women born after 1953 (which pretty much covers all working-age people and some) to make up any contribution years they may have missed going back to 2006. This deal, however, is set to expire in April.'

https://www.bloomberg.com/opinion/articles/2023-01-24/personal-finance-are-you-missing-out-on-the-uk-s-generous-pension-deal

Anyone not making sure that they, their spouse, family members etc do not take advantage of this "free lunch" if they can are fools.

It is really useful that the shareholders of this company are bio-chemists and oncologists instead of being armchair pundits who think they know more than the scientists running the company. It would be even more useful if they could introduce buyers for some of the legacy products that they believe are so valuable...

"Dont see us going below the placing price"

??????????????????????????????????????

SP is 10.75p; placing price was 11p. So already below... Watch out for a SpecSavers voucher...

"Cenkos' research is non-independent and is clearly labelled as a marketing communication. It is not prepared in
accordance with the legal requirements to promote the independence of investment research and is not subject to any
prohibition on dealing ahead of the dissemination of investment research."

https://www.cenkos.com/wp-content/uploads/2021/12/research-032020.pdf

A similar Iron-Air battery was in Popular Mechanics last week: 'Iron-Air Batteries Are Here. They May Alter the Future of Energy.'

https://www.popularmechanics.com/science/energy/a42532492/iron-air-battery-energy-storage/

"Secondly, and most importantly, iron-air batteries would be 10 times cheaper, perform better, and last 17 times longer. Right now, these batteries’ primary task would be to bridge the gap when utilities need more power during peak hours, and as green energy eats up a bigger share of the energy pie, they could also crucially store excess energy on sunny days to shore up supply when the clouds roll in. Lithium-ion only provides approximately four hours of storage, whereas iron-air could deliver up to 100 hours—a full four days to bridge those energy gaps."

ESS lands iron flow batteries deal at Amsterdam Airport Schiphol

https://www.bestmag.co.uk/ess-lands-iron-flow-batteries-deal-at-amsterdam-airport-schiphol/

Interesting paragraph:

'ESS said its solution was selected due to its superior environmental and safety performance. ESS’ non-toxic iron flow batteries pose no fire or explosion risk which makes them safe for use in close proximity to passenger aircraft, it said.'

https://essinc.com/

Another property warning worth a read

https://www.bloomberg.com/news/articles/2023-01-23/europe-is-bracing-for-a-sharp-and-abrupt-real-estate-reversal?srnd=premium-europe

What Changed Why It Matters
Banks must book provisions for expected, rather than accrued, losses No more “extend and pretend”
Loans with covenant breaches incur higher capital charges Prods banks to act quicker on bad loans
German retail investors must wait up to a year for redemptions from real estate funds Allows for more orderly asset sales
French real estate funds must hold at least 25% of funds in cash or equities Provides liquidity buffer

VAST - are there really over 100k carats of diamonds held in a safe by the ZIM GOV?

'Zimbabwe, along with Honduras, Iraq, and Cambodia, ranks 157th out of 180 countries in the 2021 Transparency International Corruption Perceptions Index, where a high ranking corresponds to a perception of high corruption in the public sector.'

My scepticism kicks in...

PUR to delist - I thought it looked a good investment, but it cost me a few quid before I effed off. A lesson in being sceptical.

A new conundrum - what will the resident expert make of the "institutional investor" who has "been building a position" reducing their holding? If it was a "Strong Buy" when they were accumulating, does it now become a "Strong Sell" in case the rest of the holding gets liquidated?

https://www.investegate.co.uk/uk-oil---38--gas-plc--ukog-/rns/holding-s--in-company/202301230700044736N/

The rampers explanations might be entertaining or do ocelot, mullins, expert, trollhunter etc all conveniently miss the RNS?

Conroy Gold - extract from Auditors last report:

@We draw your attention to Note 1 in the financial statements, which indicates that during the year ended 31 May 2022, the group and parent company incurred a loss of €256,484 and, as of that date, the group and parent company had net current liabilities of €2,113,516 and €1,476,293 respectively.

As stated in Note 1, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the group's and parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.'

OUCH!

https://www.lse.co.uk/rns/CGNR/final-results-atk321kujwubulk.html

Carnivorous oyster mushrooms can kill roundworms with “nerve gas in a lollipop”

https://arstechnica.com/science/2023/01/carnivorous-oyster-mushrooms-can-kill-roundworms-with-nerve-gas-in-a-lollipop/

Evil shrooms...

"I think AZ will put some big numbers forward"

Surely the pipeline of £343.5m 'as at 31 December 2022' is big enough. What people want to see is some of the pipeline turn into revenue and the need to keep diluting shareholders become history.

37 new drugs achieved FDA approval in 2022

https://cen.acs.org/pharmaceuticals/37-new-drugs-achieved-FDA/101/i3

I knew pharma companies face uphill battles, but did not appreciate just how few new drugs get approved.

A drum I bang LOUDLY every now and then:

https://cen.acs.org/energy/hydrogen-power/Japanese-power-firm-seeks-ammonia/101/i3

Ammonia sells for a little over $1000 a tonne so when someone starts ordering 1/2 a million tonnes a year to replace 20% of the fuel of a coal power station you start getting an idea of just how big the market could be [$100s of billions a year]. There will be some niche players who make shareholders fortunes - finding them and being able to invest in them is another story...

"Jera plans to convert 20% of the fuel at Japan’s Hekinan Thermal Power Plant Unit 4 from coal to clean ammonia such as blue ammonia, which is made by reforming natural gas and then capturing and storing carbon dioxide emissions. The company had been testing cofiring ammonia and coal at the site since 2021 and decided last year to move forward with large-scale ammonia use.

In February 2022, Jera solicited contracts for the 500,000 metric tons (t) per year of ammonia that it would need for the program beginning in 2027. The utility stipulated that it should have the opportunity to participate in overseas clean ammonia projects."