Member Info for nomlungu

I was hoping that actually cash would be flowing from mining before the end of the decade... But I might be out by a couple of years, hence my subject line "Get rich [slowly]".

Good thing I am in no hurry and am prepared to trade if I sense an opportunity.

I cannot read... 1 year and 5 weeks ago; the IPO was in 2020.

The raised £20m at 8p when they IPOed; now they are worth less than the amount raised 5 weeks later!.Seems worth a small punt just for the David Beckham gloss?

Ascendant press release:

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2021/Ascendant-Resources-Signs-Definitive-Mining-Concession-Contract-for-Its-Lagoa-Salgada-Project-in-the-Iberian-Pyrite-Belt-Portugal/default.aspx

TORONTO, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources (TSX: ASND) ("Ascendant" or the "Company”) is pleased to announce that on October 28, 2021 it has signed with the Portuguese Government, through the General Directorate for Energy and Geology (DGEG), the definitive mining concession contract for its Lagoa Salgada VMS project in the prolific Iberian Pyrite Belt, Portugal. A summary of the main legal and contractual obligations of the Contract are highlighted below.

An initial contract term for 20 years renewable for two extension periods of 15 years each;
Two distinct phases for work development are defined. Phase 1 having a duration of six (6) years from signing to present and get approval of an Environmental Impact Assessment (EIA) and a Definitive Feasibility Study (DFS) and in Phase 2, to start within nine (9) years of signing to commence the exploitation of the mineral deposits and to build an ore treatment industrial facility (mill);
During Phase 1, Ascendant plans to execute all necessary exploration and other works that aim to contribute to the improved knowledge of their mineral deposits and improve resources through the delivery of an NI 43-101 Feasibility Study during 2022 which will define the planned development and economic potential of the Lagoa Salgada project;
Phase 2 can occur simultaneously to Phase 1, if it proves to be technically feasible and provided that the necessary authorizations and approvals are obtained;
The contract stipulates a 3% royalty on the value at the mouth of the mine of mining products or concentrates shipped or used, being those divided in: 2/3 being paid to the DGEG and 1/3 being paid to the Municipalities where the project is located;
The company is required to outline its reclamation plans and minimization of the environmental impact of the operation within 5 (five) years after the start of exploration program, corresponding to 10% of the financial charges foreseen for the execution of safety plans, environmental protection, management of waste and the landscape recovery and integration plan contained in the mining plan approved by the DGEG, and may not be less than €1,000,000.
Mark Brennan, Executive Chairman and Interim CEO of Ascendant stated, “We are extremely pleased with the signing of the definitive mining concession contract as this represents another major milestone for continuing development of the Lagoa Salgada Project. We would like to thank the Portuguese Government for their ongoing support of Lagoa Salgada and the mining sector overall. We look forward to moving Lagoa Salgada to the next stage of its development and expect the project will be an important contributor for the region and country's social-e

'Cost Savings: The more they push the Delivery Dates to the right the less interest being paid out from the £12m Loan.'

Desperate ramping: The longer any delays are the longer it will be until gas flows and the less [if any?] gas will be sold before hedging kicks in. To suggest that paying less interest on a loan is preferable to actually selling gas at unhedged prices is laughable.

Kenny - IPO of iterest:

https://www.investegate.co.uk/recycling-tech.group/rns/intention-to-float/202111080700095736R/

Recycling Technologies Limited (to be wholly owned by the Company at Admission - also referred to below as "Recycling Technologies" or the "Company") is a UK-based engineering, research and manufacturing company that has developed a modular and mass producible machine, the RT7000, which processes hard to recycle plastic waste into a synthetic oil that can be sold back to the petrochemicals industry as a chemical feedstock to make new plastics. Its modular, small-scale design enables integration with existing waste management infrastructure, providing a scalable solution to recycle plastic waste anywhere in the world.

Clearly a strong buy, hopefully I might get a chance to average down before I top slice. News has clearly leaked, so get in before the US opens.

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'WTFDIK'

Who does the 'I' refer to? You, cuddo, BaggsMyName, zopelyforver, deepvaluehunter or another account? It is getting a bit confusing keeping track.

Putin is now hiding in his own Covid bubble...

It is not a dreadful deal - a 'non-binding letter of intent' is not [yet] a deal.

An interesting Nautilus article which some may find interesting:

https://nautil.us/issue/108/change/triggering-the-bodys-defenses-to-fight-cancer

'One day in 2010, when oncologist Paul Muizelaar operated on a patient with glioblastoma—a brain tumor infamous for its deathly toll—he did something shocking. First, he cut the skull open and carved out as much of the tumor as he could. But before he replaced the piece of skull to close the wound, he soaked it in a solution containing Enterobacter aerogenes,1 bacteria found in feces. For the next month, the patient lay in a coma in an intensive care unit battling the bacteria he was infected with—and then one day a scan of his brain no longer showed the distinctive signature of glioblastoma. Instead, it showed an abscess, which, given the situation, Muizelaar deemed a positive development. “A brain abscess can be treated, a glioblastoma cannot,” he later told the New Yorker. Trying it, he thought, was worth the chance. He had done this only as a means of last resort in a couple of hopeless cases—but ultimately, his patients still passed away, which led to a scandal that forced him to retire...'

A good newsletter from a historian from Boston University commenting on day yo day America.

https://heathercoxrichardson.substack.com/

A good read...

Interesting article:

'The Booming Underground Market for Bots That Steal Your 2FA Codes - The bots convincingly and effortlessly help hackers break into Coinbase, Amazon, PayPal, and bank accounts.'

https://www.vice.com/en/article/y3vz5k/booming-underground-market-bots-2fa-otp-paypal-amazon-bank-apple-venmo

eviking,

Lidl - the only time I went into a Lidl I bought some cold meat. The salami seemed suspect and the cat would not eat it... never been back. Also, they do not deliver...

Nobody would ever think that there might be a price was between cheaper producers to shake out the weak, would they? It is not as though it has happened before, when the US shale industry went to the wall.

And it was written in the Times, so it must be true? All hail The Times...

And the Thames Barrier will not be made higher before they start wasting the money on the refurbishment - it could all end up underwater.

'The true cost of the Palace of Westminster refurb programme is likely to be at least £12bn – three times higher than previously thought ...'

https://www.building.co.uk/news/parliament-refurbishment-will-cost-at-least-12bn-chair-of-spending-watchdog-says/5109926.article

https://vole.wtf/this-mp-does-not-exist/

https://thisxdoesnotexist.com/

Plenty to choose from

Planning placings and open offers takes a lot of time and effort from management; someone who posts a lot was also impressed with the valuable tax losses they have been building.

>>>>>>>??????????!!!!!!!!!!!!!!!
How does a well salivate? I am no expert on gas or oil well, but having them salivate is a new concept to me.
Who in their right mind would exercise warrants when the share price is below the strike price [presuming they can]?
AAOG are suspended.
The bat wing chart has up and down arrows for 2 to 3p; if it goes down 3p do shareholders owe 2p a share?

Are you cuddo?