Member Info for nomlungu

A week can be a long time:

'Russia's ambassador to Afghanistan praised the Taliban's conduct on Monday and said the group, still officially designated a terrorist organisation in Russia, had made Kabul safer in the first 24 hours than it had been under the previous authorities.'

https://www.france24.com/en/video/20210817-russia-says-kabul-seems-safer-under-taliban-than-it-was-under-ghani

Into NEXT year!

'A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy.

Manufacturers reeling from shortages of key components and higher raw material and energy costs are being forced into bidding wars to get space on vessels, pushing freight rates to records and prompting some exporters to raise prices or simply cancel shipments altogether.'

https://www.bloomberg.com/news/articles/2021-08-25/the-world-economy-s-supply-chain-problem-keeps-getting-worse?

Popular shares can end up way overpriced. Some, like Troajan, speculate with many explorers, but going all in with one without inside info is foolhardy.

Food inflation?

Boiled eggs and potato curry for lunch with side salad and tea - cost pennies and highly nutritious. Many in this country need a cooking lesson.

crowded marketplaice - some seem fishy?

Food shortage? Time to look at the 'use by' dates on your canned goods and pasta / pulses / rice / cooking oil etc. Nothing wrong with keeping a few months supplies and using them on 'first one in, first one out' basis.

Rum for breakfast?

If the company needs to raise funds [Cenkos are consistently one of the most active fundraisers on AIM] then shareholders should be delighted if Cenkos get to make any money out of the warrants.

Those with long memories will know the trouble Valirx has got into before when it got close to running out of cash.

The company needs to be more open with the Market about its current liquidity and how it envisages financing its day to day operations and current plans other than the gas field.

Cash at 31 March was £591k and Admin costs were £200k a month. Some Admin costs may have been paid out of the Saltfleetby loans, and there may have been favourable working capital changes. But still, cash not ring-fenced for Saltfleetby is looking stretched nearly 5 full months later.

Significant BOD purchases might help, but it would be better for the company if their funds went directly to the company. Under valued? Probably if they get decent and sustained gas. In need of short term cash? Certainly possible. Funds from a discounted placing even at these low prices should not be disregarded.

Kitco were impressed

https://www.kitco.com/news/2021-08-24/Cerrado-Gold-shares-up-on-extremely-robust-PEA-results-for-Monte-do-Carmo.html

NFX [Nuformix] is an Oncology Company - what has starting a thread there have to do with Angus Energy?

I am allergic to Zimbabwe... A lot of money got tied up in Zim banks and became worthless.

And they have too many problems providing reliable water and electricity, let alone food, health and political stability to its citizens.

https://www.investopedia.com/articles/investing/012215/how-corruption-affects-emerging-economies.asp

But great fortunes can be won by the brave in frontier economies.

ANGS will surely want to get any licences extended - otherwise they will have to spend £ on abandonment.

And, if they have not got enough in reserves, can you imagine what the market will say if they go asking to raise money to abandon an asset. When some are already speculating that a discounted placing might happen before the year-end...

Cheap, safe and light enough and for a drone. Will they be in any other appliances / tools / Li battery devices soon? Why not a lawn mower or a motorbike?

https://uavcoach.com/hydrogen-fuel-drones/

The market was not that impressed at a little over 20% up in Canada.

https://www.google.com/finance/quote/CERT:CVE

But it all helps with the tiny m/cap here. The conservative NAV discount is significant even when the potential LS prospect is ignored.

Pascrell, the co-chair of the Congressional Law Enforcement Caucus. “Because of an anachronistic law imposed at the behest of the NRA, the ATF is literally banned from using computers to trace firearms used in crimes.

https://www.insidernj.com/press-release/pascrell-leahy-reintroduce-crime-gun-tracing-modernization-act/

no computers = crazy

Must be v.bad for Rednecks to cancel a shooting party:

'HOUSTON (AP) — The National Rifle Association announced Tuesday it has canceled its annual meeting, which had been set to be held next month in Houston, due to concerns over COVID-19.

The NRA’s meeting had been set for Sept. 3 through Sept. 5 and would have been attended by thousands of people taking part in social gatherings and other events on acres of exhibition space.'

https://apnews.com/article/business-health-texas-coronavirus-pandemic-b340c4bec89088fa69032c0ea84963f0

Before my time 'Charlie Watts Quintet - Practicing, Practicing, Just Great'

https://youtu.be/UK8bWhmhLig?list=PLtGDN7i8dXA5-TIfh80Y_779yiY6DJw4Z&t=63

kenny,

They are gas-lighting you

https://www.theguardian.com/business/2019/feb/21/honda-european-chief-outlined-no-deal-brexit-concerns-in-2018

After they announced the closure, they still needed good relations with GOV, and they needed to speak with the JAP_GOV voice. Politics and money...

Seeing as UKOG have a fine track record having never made a misstep, there will little chance of anything going wrong and damaging the well and ruining all production.

https://petrowiki.spe.org/Formation_damage_in_injection_wells

Don't count your barrels before they are tankered.