Member Info for nomlungu

They may be waiting to participate in a placing - with the evident enormous demand for shares at this price they may be planning a placing at a premium so cannot buy at these prices?

There have been hundreds of thousands of shares bought today...

Looks more like a seller - is someone dumping [placing?] shares?

'The 50-day moving average today is 0.215p'

So the share is trading below a popular support level. It is kind of someone with a 'Strong Buy' opinion to warn fellow and prospective shareholders.

Post recommended.

https://www.youtube.com/watch?v=a2h2kWmf5iA&t=89s

lots of oil

Get the Swiss sucker punch

The company presents facts in a way for a novice oil investor to easily misunderstand; it may be legal, but it is not cricket.

hur - ended up 30% up at the end of the day. At 09h32 they issued an RNS that included the statement:

'As a result there is a significant risk of no value being returned to shareholders.'

It was not a bluff; they are telling shareholders the shares may be worthless and still the price goes up 30%. We are still living with upside down markets.

Not a chart / stat to make investors happy

https://www.bloombergquint.com/markets/record-stock-sales-from-money-losing-firms-ring-the-alarm-bells

The record is a 12" picture disk [the picture is of Carry-on-Interfering]. So no lies...

Founder of Hargreaves Lansdown buys 3.7%; a noteworthy buy.

Why do they give people like me a free £720 for putting £2880 into a SIPP if I pay no income tax? It basically covers my Voluntary NI. It is just a perk for rich people; same with tax relief at the higher tax rate for people who pay that rate and make large investments into their SIPP.

Many billions for the Chancellor which the Blue Wall would applaud.. but tax the rich? Why? The Peasants should pay.

You wait for 1 leaching story and then 2 come along on the same day?

https://interestingengineering.com/the-alchemists-had-it-right-fools-gold-pyrite-may-hide-real-gold

Not enough used their pens or pencils for her. Despite her success being likely to be of short term economic benefit to the UK, I am pleased she had no success today.

In situ leaching is new to me... The CEO from THOR was actually bullish on his 0.17% grade as the Copper was in tiny particles which are suitable to that process. And SML have done leaching at that deposit before, so the deposit must be beneath the water table.

"The Leigh Creek Copper project has a JORC (2012) Resource and a Mineral Inventory totalling 5.4Mt @ 0.7% Cu,"

I am not a mineral resource expert, but even I know that a resource under 1% copper is sub-economic; if they do raise the money they want to mine [in an area with very high mining costs] the terms may be punitive.

https://www.strategicminerals.net/projects/leigh-creek-copper-mine.html

My understanding is that MAFL will end up with a minimum of 20% of 85% of LS - see the extract from the Ascendant Resources website below. What will happen with the 15% owned by the Portuguese Gov is unknown but MAFL will still own 20% of Redcorp and 20% of 85% is 17% of the total resource. My bag-of-the-fag=packet calculation is to take the original discounted PEA NPV of $106 and double it for the extra resources and then add 40% for the increase in resource prices.

17%*106*2*1.4 = approximately $50m = £36m. However you value LS, MAFL is significantly undervalued if the mine is built.

In June 2018, Ascendant entered into an agreement with TH Crestgate GmbH to acquire an initial 25% interest in its Portuguese subsidiary Redcorp - Empreendimentos Mineiros, Lda (Redcorp), which holds an 85% interest in the polymetallic Lagoa Salgada volcanogenic massive sulphide (VMS) Project, as well as an option to earn up to an 80% interest in Redcorp upon completion of certain milestones.

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

South Africa has an advanced health system [for the wealthy] capable of running a trial and has a high prevalence of the Delta Variant coupled with a largely unvaccinated population. It is a good test bed... The Delta Variant is spreading so fast there that the President is expected to introduce more restrictions tomorrow evening:

https://www.news24.com/news24/southafrica/news/ramaphosa-to-address-the-nation-on-sunday-more-restrictions-on-the-cards-20210626

Nadhim Zahawi is rumoured to be the next health secretary... 'MP promises to repay the part of £5,822.27 expenses claim for second home energy bills that relates to electricity for stables'

https://www.theguardian.com/politics/2013/nov/10/nadhim-zahawi-admits-taxpayers-electricity-stables

He should go as an MP as well.