Member Info for nomlungu

mick / Troajan,

These may interest you

https://eandt.theiet.org/content/articles/2023/01/uks-first-space-rocket-launch-mission-ready-to-take-off/
https://interestingengineering.com/innovation/virgin-orbit-747-launch

And the obligatory live stream, which seems to start at 9pm:

https://www.youtube.com/watch?v=5Co18HcyqHk

"leaves nothing to be picked apart"

No mention of any cash coming in from the news... And that is from a company with negative cash flow that is likely to need more funds this year. If you miss that problem then you are not looking very hard. How long do you think the rainbow chasers will stick around there?

NANO is now at a lower share price than before they announced the settlement with Samsung and spiked 70%. Hopefully nobody got burnt.

I would say the similar things about PYC - nothing in their recent news suggests to me that any more income is coming in, so I expect they will need cash sometime this year. Unless the BOD knows otherwise, it would make sense to get a placing away whilst the share price is strong. Too many people think because people overpaid in the past that they will do so again [and often they are right, as rainbow chasers move in for a while]. PYC cannot patent maths and logarithms...

I just do not trust either Branson or the Tories. Seeing them get into bed makes me wonder how inbred their offspring will be. And it is our tax money being wasted on a vanity project...

Production - yes; launch efficiency - no. From the experts:

"Launch Sites
Complex 41
Launch Complex-41 at KSC with an Atlas-V poised for launch (Previously the launch pad for Voyager and Viking missions).
If a spacecraft is launched from a site near Earth's equator, it can take optimum advantage of the Earth's substantial rotational speed. Sitting on the launch pad near the equator, it is already moving at a speed of over 1650 km per hour relative to Earth's center."

https://go.nasa.gov/3GsJqD3

Pesky experts....

June 2021 $55 a share, today $3.69

https://www.google.com/finance/quote/SPCE:NYSE?window=5Y

There is a reason why it is the first space station in Europe - the laws of physics! Bransome must be expecting to get revenue from launching One Web's satellites. We can't use the Ruzzians any more, and it would be 'strategic' not to use Musk's platform. And, of course, there will be Tory grandees who will soon be out of a job who will need a cushy board appointment waiting for them on the other side of the revolving doors [gold-plated handles; none of this stainless steel crap].

Olderandwiser,

DUKE's royalty investments are secured on the underlying assets, so as long as their due diligence is good, then the loans are fairly safe "in the event of a corporate failure". From the last set of accounts:

"The Group also has security in respect of the royalty investments which can be called upon if the counterparty is in
default under the terms of the agreement."

There are also some loan investment, but they represent a marginal amount [less than 3% of the NAV]. 2 points worth noting:

1 - as the company grows, its fixed costs remain relatively constant, so they are leveraging the cost base as they grow. Operating costs are forecast to drop from 27% of revenue in Q1 2021 to 10% in Q2 2023.
2 - there has only been one failure that I can think of... A river boat cruise company in Germany around the beginning of Covid and thanks to security over the boats [which were sold] they ended up with a loss of around 3% of the investment.

But, as a growing company, there is always a risk of more capital calls; the new credit facility recently announced gives more headroom but quite a lot has been committed to potential follow-on investments in existing partners. My 'back of a *** packet' calculation is there is about £20m to be invested before more money will be required [potentially from a placing] if / when opportunities arise.

It should also be noted that Royalty Partners can buy themselves out of their agreements with DUKE, so fresh capital can potentially come from a commercial divorce.

I do not own a mobile phone; evil devices that slowly bleed money from you.

NANO - speeding caution issued:

"The gross settlement value should be expected to be towards the lower end of the range of expectations for a successful jury trial outcome as previously guided by the Company... Historical precedent shows that any final agreement is likely to be a one off payment, with no forward royalties, for the full and final settlement of all current and future patent litigation between the Parties in all jurisdictions (colloquially referred to as "patent peace")."

Careful what you wish for mick - they would be Doris supporters who want Farage installed as President because they feel that democracy has not been respected as Brexit as implemented is not hard enough and has been implemented by traitors.

Agenda Free TV - good YouTube live coverage; night is falling

https://www.youtube.com/watch?v=9RxOkjLgqoE

It is being reported that the local police are supporters of Bolsonaro and did not resist the invasion, this could get messier as Lula's Administration start arresting complicit Bolsonaro appointed officials.

Live coverage

https://www.youtube.com/watch?v=9RxOkjLgqoE

'Attempted murder of departing Eskom CEO Andre De Ruyter reported to SAPS'

https://www.dailymaverick.co.za/article/2023-01-07-attempted-murder-of-departing-eskom-ceo-andre-de-ruyter-reported-to-saps/

Eskom never ceases to surprise. Until the capture of coal contracts by ANC insiders is dealt with, there can be little progress in getting to a reliable power supply in South Africa.

Sunak is trying to recover the ground burnt by Doris by covering up Tory failures; how would Doris coming back help?

est - I think their rare earth project could provide a share price boost
starmer - ingrowing toenail?

acapellascience has started making videos again - this might amuse some; certainly would amuse a science class of teenagers:

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

Less than 400 views so far when previous videos have gone into the millions of views.

Sunak - he is 'confident' that waiting lists will start falling next year. So they will keep going up for 2 years - read between the lines?

Only 1 flag... lets hope Starmer has 2 again.

Article about how important Starlink has become for the Ukrainian Army

https://www.economist.com/briefing/2023/01/05/how-elon-musks-satellites-have-saved-ukraine-and-changed-warfare