Member Info for nomlungu

This article: "Inside Sandvik’s test mine in Finland" included this statement: "Electrification is a huge trend in mining given that up to 60 per cent of energy costs in running an underground mine can be swallowed up in ventilation."

https://eandt.theiet.org/content/articles/2022/10/inside-sandvik-s-test-mine-in-finland/

That adds a whole new dimension to mine economics I had not really thought about that much.

Or it can keep falling as more shares are issued; maybe consult an expert who can advise you and help you with your hedging strategies [does anything other than The Dear Leader's pension pot have an inverse relationship with UKOG's share price?].

In your misplaced anger you miss out the champagne socialists... you really out to be annoyed with the CONservatives for trashing the economy.

So first you correctly write that the UK is part of the open market, then suggest hyperinflated energy bills can be avoided by fracking. Both cannot be true.

The nominal value of the shares is 0.01p, so the share price can fall another 80% before The Dear Leader needs to consolidate to issue more shares. I expect that management would prefer to spend shareholder fund on other priorities until then [such as paying wages].

Troajan,

Maybe / maybe not; maybe other competitors die fast enough, maybe people wear trainers to keep warm instead of using the heating; maybe people cheer themselves up with trainers instead of holidays. But discretionary spend money is getting tighter by the day.

JD Sports? Not enough money have money for consumer goods; might bounce bur=t dead high streets might mean it is a dead cat bounce. M&S closing lots of their big stores is going to add to High Street decline.

'A member of Truss's own cabinet tells me Truss's and Kwarteng's governance is so dire that some Tory MPs would vote against her in a confidence vote, preferring even a general election that cost them their seats to the current economic chaos'

https://twitter.com/Peston/status/1580262987402616837

Even her own cabinet member want her gone...

"rewards"

??????????

That is how an article in The Economist has described the Lizard Queen.

https://www.economist.com/leaders/2022/10/11/liz-truss-has-made-britain-a-riskier-bet-for-bond-investors

Ibug,

If they are producing less than 10 barrels a day then cash value must fall quickly - the expert may be on to something, so 0.05 might be achieved this month.

For the experts to take advantage of.

'For Greggs app newbies.'

Up to £4 and they get to track users locations... Great way to work out where more stores can be effective. Buy you are giving your privacy away for £4. But, you can spoof locations on a mobile phone:

https://www.lifewire.com/fake-gps-location-4165524

How low will stocks fall tomorrow as pension funds liquidate assets. Will there be a bloodbath in the morning?

Go live in Russia - you clearly find living here irksome.

One could also argue how will some be able to afford to pay their energy costs after having invested in UKOG; the price of energy is up and the value of their investment is down. Not all will be experts who claim to have hedged the loss they are suffering on their UKOG investments.

Throwing money at someone who claims to be an oil expert but who delivers a few barrels of oil a day is not a way to find energy independence.

Some will know the YouTube channel "Undecided with Matt Ferrell". He has just released a video about redox flow batteries, which will be of interest to most here:

https://www.youtube.com/watch?v=pQlG46F87Fs

If the actions of the BOD offends you that much you can sell up.

Lowest employment figures but not running a surplus on normal GOV expenditure - something is fundamentally wrong with the economy so inexpertly crafted by the conservatives over the last 12 years. Is it all Labours fault because they were in opposition?

The salary for The Dear Leader (praise be his name) is not covered by receipts so when will devotees be asked to buy discounted second hand shares that are issued to fund 'general working capital'?

How will the rampers spin these disastrous figures? Will the inter company loans needs to be written down? How soon will Adrian be thanking Green Swamp Monsters for helping him achieve his averaging down price [I personally think it is insulting to call The Dear Leader a 'Green Swamp Monster'].