Member Info for nomlungu

The crowds look worryingly similar

https://twitter.com/anthonycwalker/status/1489443349069275138

Surely having to buy more means dilution?

Ore the DRC?

https://www.bloomberg.com/news/features/2022-02-03/congo-s-kabila-family-made-millions-off-toll-road-built-by-china?srnd=premium-europe

This podcast might interest some: "Immune 52: B cell boot camp with Gabriel Victora"

https://www.microbe.tv/immune/

Not easy listening but educating

They want the Gold; anyone invested there should only do so if they think the BOD is corrupt and clever enough to know who to pay off without getting caught. But, if they are, why would they ever share the dosh with shareholders? Surely they are only there to buy the placing shares?

Just to replace the EU fund [Erasmus?] - they chums will be opening vintage champagne.

But the MD is an experienced finance professional with over thirty years’ behind him in debt and equity markets; surely he got the best deal possible for shareholders? Think of all the duties he will have enacted in making the placing:

https://www.legislation.gov.uk/ukpga/2006/46/part/10/chapter/2/crossheading/the-general-duties

https://companieshouse.blog.gov.uk/2019/02/21/7-duties-of-a-company-director/

Set a low reserve and get lots of interest; hardly a new tactic.

skittish,

Apologies - I had not read the entire thread and was not referring to you; I did not even realise there was a poster called 'skittish'.

I was making a sarcastic comment that the situation is even worse than OofyProsser pointed out, as the 8% royalty on gross revenue after the loan is repaid seems to siphon off a lot of the profits whilst avoiding any responsibility for abandonment costs by the lendee.

WHAT ARE DARK PATTERNS?
Dark Patterns are tricks used in websites and apps that make you do things that you didn't mean to, like buying or signing up for something. The purpose of this site is to spread awareness and to shame companies that use them.
https://www.darkpatterns.org/
How Adobe tricks users into a 12 month contract.
https://twitter.com/darkpatterns/status/1489901640777973768

#barstewards

"Skittish"? You sound more like a ramper to me, but I am less enthusiastic; you omit:

"an override of 8% on gross revenue following repayment of the facility"

Of gross revenue, not even profit. Not even after wages...

This share is on a watchlist of mine... I have a few slices of cheese in VANL and concrete is one of their raw materials. In their last Investor presentation, they mentioned the cost and availability pressures for UK concrete buyers at the moment. Concrete producers seem to be able to pass on price increases and operate at full / over capacity, as it is a seller's market.

The November trading update mentioned "Positive margin performance reflects dynamic pricing and cost recovery actions" & "Layered hedging policy continued to mitigate key commodity cost pressures" which both seem to indicate energy costs are under control,

A fairly safe 20% uplift seems to be on offer, but with all purchases, timing is everything. The spread is low, which certainly helps.

very good

https://www.youtube.com/watch?v=iJNu0eylAp0

Bike pawn

https://newatlas.com/motorcycles/biggest-motorcycle-auction-trends-mecum-2022/

If you are not aware of the "Glitter Bomb" from Mark Rober this should make you smile. Rober is an ex NASA engineer who makes some great YouTube videos

https://www.youtube.com/watch?v=3c584TGG7jQ

https://www.investegate.co.uk/love-hemp-group-plc--life-/rns/corporate-update--fundraise---result-of-gm/202202041635077953A/

230k

According to the Index the £ is 17% off against the $, the € just under 14%

https://www.economist.com/big-mac-index

"Don't worry about production figures 3 months ago"

I would be very worried if they were from a well showing a pattern of long term decline, as they indicate where production may be heading. Does UKOG share production figures with shareholders? If so, there would be no reason to worry...

"Knee-jerk" maybe; but if they are struggling to get a placing away at a 20% discount, then God help shareholders. It is unusual for similar placings not to be done and dusted within hours, so the market will want news asap.