Member Info for nomlungu

Welcome back Adrian - has Horse Hill become a mountain?

So, after adjusting for inflation it will be around 15% below the peak in 2000. No doubt GOV and Brexiteers will still try and spin that as a win.

http://www.aboutinflation.com/inflation-adjusted-charts/world-indices-inflation-adjusted-charts/ftse-100-index-inflation-adjusted

#just_saying

lti,

Where did they go?

A plane flew from Congo... 'C.Africa Says Border Nation Bombed Its Troops And Russian Allies'

"The Central African Republic threatened Monday to take reprisals after an aircraft flew in from a neighbouring country in the middle of the night and bombed CAR troops and their Russian paramilitary allies.

The government said the plane targeted a military base and "dropped explosives on the town" of Bossangoa, in the north, but caused only material damage.

The aircraft flew back out of CAR after the raid before three in the morning, the government said in a statement.

"The explosives caused major material damage," it said.

"This plane, after committing these crimes ... headed north ... before crossing our border."

https://www.barrons.com/news/foreign-plane-bombs-c-african-troops-russian-allies-govt-01669660206

Excellent news for those who bought in at 0.09p a share... the loss is now less than 30%. Others who bought in at much higher prices are not as lucky; a purchaser at 2p now 'only' has a loss of 96.8% compared to 97% when the price dropped to 0.06p.

Unfortunately for most UKOG gamblers the re-rate has been going steadily downwards since the giddy heights of 10p.

Good to see more drilling to see how far the resource might extend... But, I expect that the results of the drilling will not feed into the NPV established during the Feasibility Study. Greater potential will sway any decision that JV makes about potentially cashing in the %5 free carry of the project, as future metal prices may be much higher, as would future cash flows if the most productive years of mining can be extended by a few years.

2022-11-28T12:39:56.560 GBX 17.335 41720 7232.162 Off-Book AIMX P LRGS AIMX
29-Nov-22 08:02:22 14.66 41,720 Sell* 14.00 15.50 6,116

The shares were held for less than 4 trading hours and sold at a loss of £1116 - a loss of 15% or £4.82 per minute.

Some get very bored, very fast. The quicker they get bored the better as the rush to the exit creates opportunities for the patient. And once the excitement is gone it becomes a buyer's market as the Market Makers are not in the business of stake building.

The value of the rest of the portfolio, excluding LS, is probably around £5m.

The new post tax NPV is likely to be more than the $246m suggested by the 2021 PEA. But not that much more, as costs [financing and power especially] will have increased; the discounting factor is up to 10.5% and any additional expected free cash flow from the expanded resource base in the Feasibility Study will be in later years when the present value is so much lower. Together with the expected $2.5m in December, a reasonable valuation may be $15m = £12.5m.

So a NAV of £17.5m could be achieved next year - only 'could' as there are still hurdles to cross. But a potential NAV of 50p a share, on which I would expect a discount, but not as high as in the past. Result - a share price closer to 40p?

JV is not a young man; I would not be surprised if there was a return to shareholders if the 5% was sold for cash. Hopefully this will feature in any Proactive interview, which should be expected in the near future, as the expectation of a cash dividend would reduce the NAV discount.

But people will be bored unless this share attracts some quality rampers; which would be fine by me as I am happy for the share price to increase or fall and give me another decent trading opportunity at around 12p.

Time will tell, and good fortune to those involved...

A better source - the 'This Week in Virology' podcasts:

https://www.microbe.tv/twiv/

But too many seem to have lost trust in experts...

Theosus,

From the article:

'Four in five UK businesses felt that Brexit had proved the biggest supply chain disruptor over the past 12 months, according to an Ivalua survey conducted by Coleman Parkes in August. An even higher proportion — 83% — think the worst is yet to come.'

All these stupid businessmen and women; fools I am told! They think they are superior just because the employ people, pay taxes etc.

Another article about Brexit woes from the well known communist paper: 'Brexit Remains Biggest Headache in UK’s Recession-Prone Economy'

https://www.bloomberg.com/news/newsletters/2022-11-28/supply-chain-latest-uk-business-struggle-with-brexit

You would think the GOV spokesmen and women would be flooding the airwaves to refute this scandalous socialist rag's reporting.

Had a dentist appointment this morning - came back to see MAFL had spiked and sold my trading pot for a 50% profit. £5392 added to my ISA; I am most grateful as it is tax free.

I had some shares in an ISA from May @10.98p; gone for 16.4p today. To those buying today, thanks for making a market. Most satisfied with a 50% profit on my trading pot.

https://www.newsweek.com/fact-check-did-china-blur-out-world-cup-crowds-hide-maskless-fans-1762414

No

And, in the beginning, they told old people it was dangerous to get vaccinated. Only around 60% of the over eighties have been vaccinated and as there has been little community transmission they have little natural immunity. That couple with less effective local vaccines means they cannot open up and let the virus take hold as it will result in a total collapse of their health system.

Xi faces a lose, lose situation.

Protests in the Diplomatic Quarters in Beijing

https://twitter.com/search?q=Liang%20Ma%20Qiao%20Bridge&src=typed_query&f=live

The owner has a cement factory and needed to shift the cement as the Chinese property sector has hit the skids. Having that many pigs in close confinement is a recipe for disease spread and mutation... They will need all the vaccinations that they can get and in due course will increase the need for vaccines against the diseases that mutate so may be a positive for EAH even if it is a terrible idea.

"This week, a Russian couple living in Sweden for the past 20 years were arrested, with the husband detained under suspicion of working for the Russian intelligence services.
@christogrozev
did some digging and made some interesting discoveries about their neighbours in Moscow."

https://twitter.com/EliotHiggins/status/1596454164669906949

Mr Market will not be happy on Monday after welcoming news that China might be relaxing zero-covid policies:

https://www.nytimes.com/2022/11/26/world/asia/china-protests-covid.html

Xi will not allow widespread protests, nor is the Chinese health system able to cope with a widespread covid outbreak.

https://www.nytimes.com/2022/11/26/world/asia/china-protests-covid.html