Member Info for nomlungu

Not sure of this - lets see what JV has to say; does MAFL still get paid in December?

'TORONTO, July 15, 2022 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND, OTCQB:ASDRF) (“Ascendant” or the “Company”) is pleased to announce that it has amended the terms of the earn-in and call option agreements with Mineral & Financial Investments AG (“M&FI”) to provide the Company an extension to June 22, 2023 to complete the Feasibility Study to earn an 80% interest in the Lagoa Salgada Project (the “Project”), and will only exercise call options further diluting M&FI’s interest, and thereby maintaining the Company’s indirect 80% interest in the Project, after the sooner of 6 months post the date on which the Company increases its ownership of Redcorp to 80% or immediately post Empresa de Desenvolvimento Mineiro S.A.’s election to participate in the Project.

The Company anticipates completing the Feasibility Study by 1Q 2023.

Mark Brennan, Executive Chairman commented: “We are pleased to complete this amendment with our partners. The additional time to complete our Feasibility Study, while not critical, also allows us the flexibility to pursue some of the exciting exploration opportunities we are witnessing at Lagoa Salgada in parallel with completing our infill campaign and feasibility work.”

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2022/Ascendant-Amends-Terms-of-Earn-In-Agreement-at-Its-Lagoa-Salgada-Project-in-Portugal/default.aspx

' 0.2p on a pump and dump' gets posted and ocelot starts licking his lips. But the thing with a "pump and dump" is that naive punters get left holding overpriced shares that they can hold and "average down" or sell and take the loss.

From ocelot's ramptastic posts since the share price was in the pennies, it appears that he got caught on a p&d a few years ago. Do you want to overpay to help him recover his losses? Do you think that the cycle of pumping and dumping that happens around discounted placings is ethical or in investors favour?

And at 0.5% they are still lying. Why don't they stop the lockdown? Xi is going to be crowned God for life in September, so the illusion of him controlling nature must be maintained until after the coronation. And, the Chinese "Deep State" is finding Covid useful to control the masses; we do not see much of it, but the recent stopping of protests against failing banks by changing protestors health status is a good example.

If you cannot travel, how can you protest? If the mortgage payment boycott grows, how will the affected banks be able to repay depositors? And how will developers borrow to complete buildings if the banks become wary of lending them more? Sounds like the property crash in Spain / Europe from 2008.

https://edition.cnn.com/2022/07/14/economy/china-property-crisis-homebuyers-bad-debt-intl-hnk/index.html

NCCL = Mozambique

GOV warning:

Terrorism
Terrorists are very likely to try to carry out attacks in Mozambique. Attacks could be indiscriminate, including in places visited by foreigners. You should be vigilant at all times, especially in crowded areas and public places and you should follow the advice of local authorities.

Not a good place to invest?

https://www.gov.uk/foreign-travel-advice/mozambique/terrorism

Just VD up norf?

But when you remove the lies... if there was 5% growth, copper and other metals prices would not be dropping.

kenny will like this:

'On June 29th, local collaborator Kyrylo Makarov published video of loading ammunition at a warehouse in occupied Shakhtars’k, Donetsk region.

The Armed Forces of Ukraine were able to identify the location of the warehouse. They destroyed it completely with HIMARS on July 9-10'

https://twitter.com/mhmck/status/1547214705164435457

Sky reporting that Ireland are upset with the Rwanda deal as they are now getting many more immigrants than they would normally expect. And this is before the surge that is going to happen as a result of Russia's actions to starve Africa and to create a worsening immigration crisis.

Happy days...

FT Article might be of interest - ‘Dr Copper’ has a worrying message about the energy transition

https://www.ft.com/content/f199cd8e-a5aa-4202-9965-3c71748401eb

The article referred to this bit of research from S&P Global:

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

A rather misleading subject line... For a company that has consolidated by 125-1 twice. " The Valirx Nightmare" would be more accurate as a description for what long term shareholders have endured.

'LME warehouses held just 696,109 tonnes of registered metal at the end of June, the lowest amount this century.'

https://www.mining.com/web/collapsing-metal-inventories-clash-with-plunging-prices-andy-home/

Unfortunately, some shortages are because smelters cannot afford to smelt because of the high electricity costs.

'UK Government Seeks to Block Disclosures to the Covid Inquiry'

https://www.bloomberg.com/news/articles/2022-07-13/uk-government-seeks-to-block-disclosures-to-the-covid-inquiry

How do you learn from an inquiry if you keep the most damning info from it? Better not to learn if it damages the CONservatives?

'UK Government Seeks to Block Disclosures to the Covid Inquiry'

https://www.bloomberg.com/news/articles/2022-07-13/uk-government-seeks-to-block-disclosures-to-the-covid-inquiry

How do you learn from an inquiry if you keep the most damning info from it? Better not to learn if it damages the CONservatives?

Bit early to roost - maybe they are Spanish chicken and are coming home for a siesta?

Tokayev instructed the government to create favorable conditions for attracting foreign companies to Kazakhstan, leaving the Russian market.

"We are witnessing a global struggle for investment capital. Every second of almost 1,400 large foreign companies has suspended operations or completely left the Russian market. Favorable conditions should be created for their relocation to Kazakhstan"

Well, at least that is what Twitterers are saying

https://twitter.com/Flash43191300/status/1547504197855334400

Bert referred to this Twitter thread - quite informative:

https://twitter.com/gnievchenko/status/1545409816130207744

The author refers to many fledgling companies I have never heard of... which makes sense [to me at least] as the long term winners in the hydrogen / ammonia are still unknown. Worth a read.

This Dutchman speaks a lot of sense and his musings are worth a read. His latest article is titled: "Where to with energy: what's the plan?"

https://berthub.eu/articles/posts/waarheen-met-energie/

[I have the Google Translate extension installed so just need to right-click to translate the article]

A story worth keeping an eye on:

"Homebuyers have stopped mortgage payments on at least 100 projects in more than 50 cities as of Wednesday, figures from researcher China Real Estate Information Corp. show. That’s up from 58 projects on Tuesday and only 28 on Monday, according to Jefferies Financial Group Inc. analysts including Shujin Chen."

https://www.bloomberg.com/news/articles/2022-07-14/china-convenes-banks-on-mortgage-boycott-that-s-roiling-markets?srnd=premium-europe

https://www.bloomberg.com/news/articles/2022-07-14/more-chinese-homebuyers-refuse-to-pay-loans-amid-contagion-fears

If the Chinese economy goes bust, then expect more hard times...

Penny Mordaunt 10/11! I do not understand why she is odds on favourite for next PM.

'Best wishes to all invested'

That phrase might be best taken with a pinch of salt - it has been repeatedly pointed out to ocelot that the 'Simon Cawkwell' is a fake account, but he prefers to ignore reality and post misleadingly. Anyone thinking of investing based on his posts is advised to read the scorn his posts are now met with.