Member Info for nomlungu

I know people get bored fast but to buy 45250 shares for £5792 and then sell then for £5023 after less than an hour and a half works out at a loss of around £8.50 per minute the shares were held for.

The market maker on the other side of those trades will not be eating from the budget lines tonight.

robizm1001,

My understanding is that MAFL end up with a minimum 5% free carry to production. The 15% held by the Portuguese GOV is still in play as they, Portuguese GOV's investment company, do not have the $20m needed to fund their 15% share which is only on a free carry until the feasibility study is announced (which is due at year-end for Ascendant qualify for the 80% earn in).

JV mentioned in his last Proactive interview that Redcorp are yet again in negotiation around the 15% owned by the Portuguese GOV; that might be why he is not bigging up the deposit, as he would only be inflating any price he would pay. Even if MAFL only end up with 5% of the mine there is the prospect of the current m/cap every year in MAFL's share of the mine profit for 12 or more years.

That still makes the shares undervalued...

JV is a CEO who never oversells this deposit. For him to use the words: "The potential to grow both the North and South zones of Venda Nova, which are approximately 400 meters apart, as well as a prospective new target to the northeast of the property has the potential to be transformational for Redcorp." should not be taken lightly.

The flow of drilling results will be interesting.... maybe some who buy in will see the potential for a large re-rate and hold for longer than a week?

All the signs of a top quality company

And trading at an 80% premium on a large placing... no surprises what happens when those shares hit the market.

20% interest per annum on a $4m loan... and another £3.25 long term equity option which Mercuria can exercise option at a 10% discount to the mid closing price on the previous trading day to exercising the option.

So any rise gets converted into. Lots of pitfalls and assets pledged as security.

Will it all end in tears again?

Who would have thought cleaner air would have such a nasty side effect?

'A new study conducted by The National Oceanic and Atmospheric Administration (NOAA) study has found that cleaner air is leading to more hurricanes, according to a study published in the journal Science Advances on Wednesday. The research indicates that a 50 percent decrease in pollution in Europe and the U.S. correlates to a 33 percent increase in Atlantic storm formation over the past couple of decades.

More pollution fewer typhoons: Meanwhile, in the Pacific, more pollution is linked to fewer typhoons. NOAA hurricane scientist Hiroyuki Murakami came to this conclusion by running numerous climate computer simulations to study phenomena that could not be explained by natural climate cycles.'

https://interestingengineering.com/cleaner-more-hurricanes

MADE is close to the top of the fallers list today... from their trading update:

'Third-party data suggests that the online furniture and home market is down around 30-40% so far this year'

That is brutal, as inflation is only just getting going. Another sign that discretionary spending is drying up.

Florence141414,

The £ has taken a beating against the $ recently... $1m now = £820k. Only another £120k but it is a 10% swing since the last accounts and the weakening would also improve the £ value of any $ assets, so expect the underlying NAV to have appreciated as well.

European Gas Prices Drop as EU Drafts Plan for Russian Payments

ocelot regularly posts Bloomberg links - he missed this one;are only positive stories welcome?

https://www.bloomberg.com/news/articles/2022-05-16/european-gas-prices-drop-as-eu-drafts-plan-for-russian-payments?srnd=premium-europe

'The European Union’s plan to offer energy firms a way to pay for Russian natural gas without breaching sanctions helped send prices lower for a second day as invoice deadlines loom.

Benchmark gas futures in the Netherlands fell as much as 3% on Monday, extending Friday’s 9.2% loss. The European Commission is set to offer buyers new guidance on how to pay for gas, satisfying President Vladimir Putin’s demands while avoiding a potential breach of penalties imposed as a result of Russia’s invasion of Ukraine.'

Zero Hedge - now that is a 'quality' website:

''Overall, we rate ZeroHedge an extreme right-biased conspiracy website based on the promotion of false/misleading/debunked information that routinely denigrates the left''

https://mediabiasfactcheck.com/zero-hedge/

I did not think ocelot would stoop as low as using a pro Russian 'conspiracy website' to ramp gas that UKOG does not even produce. There should be a thumbs down button...

I read Doris had to go see a few lawyers before getting the favourable opinion iro breaking the NI Brexit deal... he managed to buy it from an ex-Trump lawyer.

Pity the media has not picked up that the first opinions did not say what he wanted.

Interesting article:

https://paulbutler.org/2022/the-problem-with-bitcoin-miners/

Ninetails,

postalot will soon filter you if you keep on asking him questions he finds uncomfortable answering.

At the end of 2021 they had £3.9m after reducing cash on hand by £3.4m in the financial year. So cash will run out early next year if they keep spending at the same rate?

Why is this a buying opportunity if cash is running low and a placing is likely, and the last one was at a 25% discount? Might be better to wait until after a placing and the placing shares being sold?

The race against radon: Scientists are working to map out the risks of the permafrost thaw, which could expose millions of people to the invisible cancer-causing gas

https://knowablemagazine.org/article/physical-world/2022/race-against-radon

First time I have read about the threat from Radon trapped in the permafrost. Our Scandi friends may have a problem that most have been ignoring [Norway contains 56 per cent of the permafrost area, Sweden 35 per cent and Finland 9 per cent.].

Chile Copper Mines Dodge Radical Changes as Convention Vote Ends

https://www.bloomberg.com/news/articles/2022-05-14/chile-convention-rejects-mine-shakeup-in-boon-to-copper-projects?srnd=premium-europe

'“On the one hand, it excludes the risks that were initially foreseen, but on the other hand, it leaves everything subject to simple laws and, therefore, to circumstantial political majorities,” said Juan Carlos Guajardo, who heads consulting firm Plusmining. “But without a doubt, compared to how this story began, we are in a much better situation.”'

Bad news that could have been worse, dressed up as good news. But was the worst news that did not happen baked into share prices that should now rise as the news is only bad?

Many presumptions there...

The next spike could be from 0.07p to 0.11p. Buy now hoping to trade, and you might become a long term holder who averages down. There is a poster who 'postsalot' that seems to be in that boat, who seems to repeatedly ramp this share in the hope of one day getting out without losing.

'The simple act of spreading rock dust on farms is an overlooked but tantalizing climate solution'

https://www.anthropocenemagazine.org/2022/05/the-simple-act-of-spreading-rock-dust-on-farms-is-an-overlooked-but-tantalizing-climate-solution/

"To make that discovery, they developed a model to test how much CO2 could be captured if we applied it across UK farmlands, factoring in elements such as diverse soil conditions and variable weathering rates (on account of regional climate differences) across the UK. Specifically, the researchers looked at basalt, a widely-available mining byproduct that contains rapidly-weathering minerals. Their model also incorporated the emissions costs of mining and then spreading this powdered rock over fields.

Despite this, the potential of rock dust to offset the country’s emissions was huge: by 2050, it could be removing up to 30 million tons of CO2 from the atmosphere each year, capturing almost half—45%—of the emissions the UK needs to vanquish from its atmosphere, if it hopes to reach its 2050 net zero targets. "

100% correct - post recommended.