Member Info for nomlungu

There must be loads of oil in Turkey - after all, The Dear Leader SS (praise be his name) suggested there was between 50 and 100 billion barrels of oil in place at the Gusher, so he would not be walking away from such a big prize unless the Turkish prize was even bigger?

https://www.youtube.com/watch?v=a2h2kWmf5iA&t=87s

Is he planning the £1 billion for Portland out of free cash flow from Turkey?

Is this a joke?

"the project's total cost will, therefore, likely exceed £1 billion."

How many trillion shares are required?

Never good to lose the boss...

You know you want a crazy to have a toy like this?

https://www.thedailybeast.com/sig-sauers-mcx-spear-can-turbocharge-mass-shooters?ref=home

“There’s been this huge craze in shooting competitions to become a thousand-yard sniper,” Busse said. “A lot of people want to be that long range, thousand-yard sniper. Like they literally fantasize about taking some guy out from a mile away, because the gun will shoot a mile. You don’t hear it coming, you don’t see the shooter. The bullet just hits somebody. And this MCX Spear will essentially introduce that kind of capability to the semi-auto AR-15 world. All of a sudden, people will be able to kind of live out their fantasy of becoming a long-range sniper with an AR-15-style gun.”

“We have been clear that we see the balance of risks to inflation as on the upside,” Bailey said.

deserves every penny he gets paid but not sure about the £s

mick's voice does not count - time for conservatives to own their mess

'Liz Truss has just become the bookies' favourite to become Britain's next Prime Minister.

Here's a reminder of some of her finest moments.'

https://twitter.com/AdamBienkov/status/1549396990051639296

great video - we might be fooked

kenny might like this: "Scotland will be home to a European hub for the development of high-energy laser weaponry against small attack drones.

The defence and intelligence technology firm Raytheon UK has revealed its plans to build an “advanced laser integration centre” in Livingston, some 15 miles from Edinburgh.

The centre will focus on the testing, fielding and maintenance of defensive high-energy laser (HEL) weapons, that will counter the threat posed by drones, which has been highlighted by the use of this technology during combat in Ukraine."

https://eandt.theiet.org/content/articles/2022/07/scotland-weapons-hub-will-develop-high-energy-anti-drone-lasers/

But our banknotes are made from man made polymers...

The banks are next

https://www.youtube.com/watch?v=PyuUc74Qdzs

Kind of ocelot to point this out, as POO was around $62 a barrel when it was $1.39 to the £ - each barrel was worth £44.60 then.

Brent is $107 today and at the exchange rate 0f $1.20 per £ so a barrel is worth £89.

So the £ value of each barrel of oil has basically doubled, and the share price has remained the same. As I said, it is very kind of ocelot to point out just how badly UKOG's share price has performed. Post recommended for honesty from a ramper.

"Russia Says It’s Losing Because Ukraine Has Experimental Mutant Troops Created in Secret Biolabs"

https://www.thedailybeast.com/russia-says-its-losing-because-ukraine-has-experimental-mutant-troops-created-in-secret-biolabss?ref=home

The raschists are going down their own personal Z-Anon hole.

Does not work - this error message is returned:

'Sorry, Google does not serve more than 1000 results for any query. (You asked for results starting from 1000.)'

Van Elle did an Investor Meet presentation this afternoon specifically about their tail division. Interesting and worth watching the recording of in due course if you have any interest in the wider rail infrastructure economy. One thing trainspotters amongst us might be interested in:

Some 12 000 STK [Single Track Kilometres] are being converted from diesel; the vast majority are being electrified, but they are targetting 400 STK for battery trains and 900 STK for hydrogen powered trains.

The video, Q&A and PowerPoint slides will be on the Investor Meet website soon as well as their YouTube channel:

https://www.youtube.com/c/InvestorMeetCompany

Troajan - you never post these YouTube links; do you not watch any of the videos?

'Another embarrassment for AIM.'

Not on AIM...

If someone's analysis was a Strong Buy half an hour before the market opens and then the share price drops 7% in the first hour of trading, would it be fair to assume that the analysis may have been flawed?

'Morning THGers
We have a BUY confirmation from the signals!
Let's go!
2xg'

How long can the company survive on existing cash if first paid for gas keeps getting delayed?

Russia is fighting a losing logistical war - this made me smile:

"The crisis of barrels, which since 2014 have indeed been made of lower quality steel (because deliveries of high-quality steel to Russia fell under sanctions due to the seizure of Crimea), there are problems with the supply of tanks and armored vehicles."

Barrels need to be changed and are failing quicker than expected with a lack of supplies

https://nadinbrzezinski.medium.com/logistics-collapse-945984f5d48e

There is a recent interview with Mark Brennan from Ascendant Resources on YouTube:

https://www.youtube.com/watch?v=fd-d8Y_oJn0&t=166s

Some comments and thoughts - the project has a current conservative NPV of around $240m based on the current 28mt resource. The project is expected to be producing in the 2nd half of 2025, targetting a transitional zone rich in silver and gold first. This precious metal rich zone should pay back the construction zone quickly, so the project should be producing free cash flow from 2027.

At 166 seconds in, Mark notes that they are hoping that this will end up being a resource in excess of 150 mt, up from the current 28 mt that the PEA is based on. After the infill drilling is completed this month, they will be doing further exploration drilling. This will not feed into the next set of numbers but will give a preliminary idea of how much bigger the deposit could be.

At 310 seconds he notes that the deposit is a polymetalic deposit and that the difference between costs to mine per tonne and reward per tonne is one of the most favourable on the Iberian Pyrite belt.

At 500 seconds in, he notes that the economics of the mine are expected to be improved by the rich silver / gold transitional area in the North Zone [currently planned to be mined first].

Around 760 seconds in, he states that they are working on the flow sheet for the mine and expects the metallurgical report to be out at the end of September.

At 1260 seconds he mentions their last placing and that he hopes to announce funding for the mine in the next month or so.

2 points: even at the current PEA this mine, if built and MAFL only having a 5% free carry is worth around a discounted £10m to MAFL. If they can get the remaining 15% off the Portuguese GOV then it would be around £40m. And, if the resources grows to around 150mt it will be worth significantly more depending on how rich the resource is and how long it takes to be got out of the ground.

[if you are in a hurry you can edit the url above to take you to the time segment in the video by changing the second count at the end of the url]

https://cdn.ihsmarkit.com/www/prot/pdf/0722/Future-of-Copper.pdf

recent S&P Global report