Member Info for nomlungu

Gazz,

Maybe I clouded the issue mentioning ISAs. The source of the money you put into a SIPP is irrelevant.

2020 The Dumpster Fire (2020) | Full Movie | Documentary

https://www.youtube.com/watch?v=Ouv6vF0Hqts

I highly recommend this docu / mockumentary

It is correct - from HMRC:

"If you do not pay Income Tax
You still automatically get tax relief at 20% on the first £2,880 you pay into a pension each tax year (6 April to 5 April) if both of the following apply to you:

you do not pay Income Tax, for example because you’re on a low income
your pension provider claims tax relief for you at a rate of 20% (relief at source)"

It is a rich person perk; I have my money in tax efficient schemes, so pay no Income Tax. I have been paying into a SIPP since retiring 8 years ago. The £720 HMRC pays into the SIPP comes close to cancelling out the Class 3 Voluntary NI I pay [I want to make sure I qualify for a full state pension in due course].

https://www.gov.uk/tax-on-your-private-pension/pension-tax-relief

The irony of using a Freddie Mercury song as their theme tune is clearly lost on them and their anti stances.

Make sure you are paying into a SIPP - even if you are retired with no taxable income you can take £2880 from an ISA and put it into a SIPP and GOV will give you £720 as a notional tax refund.

'Those with no UK earnings at all can make contributions up to £3,600 a year including tax relief, so you would put in £2,880 and HM Revenue & Customs (HMRC) would add a further £720 directly into the SIPP. This includes making contributions into a Junior SIPP for a child.'

https://www.ajbell.co.uk/sipp/tax-benefits-sipp

Always take what you are entitled to...

Will someone do a farm-in? Sure, that is possible. Will the farm-in included money to pay the BOD? That is not as likely.

And, JAY did a discounted placing 7 months after the JV with the 'Bill Gates & Jeff Bezos backed Company' was announced. The BOD will have to weigh up how much equity they part with for any tie-up with a partner and the need for upfront cash to keep the lights on.

Being in a cash short position does not put them in a good negotiating position. Time will tell but a fund raising event in the next few months seems nailed on to me; the question needs to be is it a [discounted?] placing or, potentially even worse from a shareholder perspective, a convertible loan?

'George Friedman Warns China Is At Point Of No Return, Chinese Military Can Not Save China From This'

https://www.youtube.com/watch?v=gR1aFOJoZAY

Trek posted a couple of videos from this YouTube channel recently - interesting stuff even if you remove a percentage for bias.

From the Interims:

'At the end of the reporting period, the Group's cash was £1.8 million, a net cash outflow of £1.5 million, primarily consisting of exploration expenditure of £0.8 million, cash administration costs of £0.4 million, and movement in working capital of £0.3 million.'

If the rate of cash burn has remained the same, then a cash call must be close. ALBA are hardly cash rich. If the majority shareholder will not / cannot fund a placing, then the market might want a deep discount.

#fre1 seems right with his concerns, even though some seem to have dismissed them.

Story about the Miami Heat’s sports arena being renamed after FTX filed for bankruptcy

https://www.thedailybeast.com/miami-heats-arena-to-be-renamed-after-sam-bankman-frieds-ftx-goes-bankrupt?ref=home

Being superstitious of little known companies spending huge amounts on sponsorship deals makes sense as they seem to be waving a giant red flag.

kenny,

The orcs are digging in on the east side of the river and will most likely start shelling civilians again soon. Better to drive the orcs out of the entire country or eradicate them if they will not leave or surrender.

The CDC in the US has added purple to their Flu warning chart to indicate "Very Very High" levels. This is before peak indoor mixing for Thanksgiving / Christmas / New Year and the associated virus transmissions. They already have the highest levels of hospitalisations of flu complications in a decade.

As the NHS is already on its knees here, and you were planning on getting vaccinated and have not yet, then it would make sense to book a shot. UK levels are also expected to be high this year...

The expert seems to have gone full Steve Bannon

https://www.vox.com/policy-and-politics/2020/1/16/20991816/impeachment-trial-trump-bannon-misinformation

'Donald Trump's Truth Social has banned Ukrainian IP addresses.'

https://twitter.com/SarahAshtonLV/status/1591108892674740225

Why would he do that after the orcs suffer their most serious battlefield defeat of this war?

I wonder if an expert will rule on whether tomorrow ever comes?

But we want to know what is under the concrete floor... One of the people I worked for in ZA used to get his bathrooms renovated when old notes were being withdrawn from circulation, as he had a safe concreted under each bath with ill-gotten cash hidden away that needed to be dug up and recycled.

So I am always suspicious of concrete floors...

'under the back garage'

Is that where you have hidden Lord Lucan and Shergar?

“bankruptcy isn’t out of the question”

https://www.theguardian.com/technology/2022/nov/10/exodus-twitter-elon-musk-possible-bankruptcy

$44 billion in 3 weeks; he has screwed up.

From the announcement:

initial assets expected to include:

· major renewable energy infrastructure investments (in the form of Atlantic SuperConnection);

· Swiss medical rehabilitation and hotel (Evolène Santé, Grand Hotel Kurhaus) and health destinations (Arolla),

· a leading UK fibre optic and telecoms installation, operation and maintenance firm (Telent);

· supply chain counterparty compliance (REG);

· sustainable forestry; and

· design and manufacture of cell and gene therapy viral vectors (ViroCell).

All designed to be long term sustainable inflation proof investments.

Atlantic SuperConnection- good luck insuring an undersea power cable whilst their is conflict with Russia
Swiss Hotels - let me guess, they might just possibly need to have board meetings in comfort?
Fibre optic and telecoms installation - not as though 5G and then 6G will make the fibre optic netword irrelevant
Supply chain counterparty compliance - WFT?
Sustainable forestry - how long will the public support turning food farming land into forrests whilst the country wastes foreign exchange importing food?
Design and manufacture of cell and gene therapy viral vectors - yeah; right; a tried and tested long term investing policy.

Maybe a little cynical but I smell BS, lots of it. But with these lofty aims they must need to be paid very well; at least in the tens of thousands a month.

No - they are annual payment; what difference does it make? You are just an apologist for the BOD in any failing company that you invest in. Do you think shareholders should ignore fees of £43k, £1k pension contribution or Share Based Payments of £72k that took total remuneration to £260k according to the last annual accounts?

Remember that the pay above was for the year ended 30 Nov 2021 during which the share price dropped from 0.4p to 0.15p. A fall of 62.5 percent. Many will consider the average £21.6k a month a reward for failure.

Maybe you can justify the pay or will you remain behind you filters so annoying facts can be ignored?

Reports of 20000 orcs on the wrong side of river getting decimated as they try to boat across to safe territory