Member Info for nomlungu

So the leader falls because he agreed a deal for an Irish Language Act [in Northern Ireland on the island of Ireland] but not for being a Creationist [of which some believe Dinosaurs are a false flag to test belief].

https://drillordrop.com/2021/06/17/appeal-over-balcombe-well-test-not-foremost-in-our-minds-angus-energy/

As Matt Levine points out, it was the quickest and most deadly death spiral ever:

https://www.bloomberg.com/opinion/articles/2021-06-17/titanium-got-crushed

'Iron Titanium token (TITAN), the share token of a one-time multibillion-dollar decentralized finance (DeFi) protocol, has fallen to near zero.

The token was last seen changing hands for around $0.000000035, down from Wednesday’s high of $65. The fallout, which has been swift, has brought the project to its knees. ...'

https://www.coindesk.com/iron-finance-defi-titan-iron-price-drop

Drilling results - inferred new resources of 5m oz silver; 266k oz of gold

This is just from a new portion of the deposit that they are exploring; they are slowly proving up a significant deposit.

Figures from Table 3. Lagoa Salgada Project Venda Nova South Deposit Updated Resources

Remember - this is just the South Zone which they have only just begun to explore

From the Supply Lines daily email from Bloomberg:

'Federal Reserve Chair Jerome Powell acknowledged something at the end of his press conference Wednesday that those working in the trenches of global trade during the pandemic have experienced for almost a year.

“It turns out it’s a heck of a lot easier to create demand than it is to, you know, to bring supply back up to snuff,” he said in response to questions from Bloomberg’s Michael McKee.'

Makes sense [and costs pennies if inflation rears its ugly head].

Great start by "the new network, a kind of weird little British cousin of Fox News" whose successes include "technical difficulties that have rendered it unwatchable, hosts have repeatedly fallen for joke names from mischievous members of the public including the all-time classic “Mike Hunt,” and freaked advertisers have already started abandoning the network in their droves."

https://www.thedailybeast.com/gb-news-has-disaster-launch-as-guest-argues-jeffrey-epstein-wasnt-a-pedophile?ref=home

Say it aloud - Mike_Hunt

A quality customer = vote of confidence for the company.

https://www.channel4.com/news/revealed-epstein-and-maxwell-implicated-in-multiple-uk-abuse-claims-over-a-decade

I am surprised they could publish the story...

A pylon appreciation society - it takes all types. The new design will probably make them a few quid; plenty of sturdy pylons are going to be needed to move power from wind farms to homes and factories / hydrogen or ammonia plants.

£5.6m is starters - 9 more tranches available:

'The Subscription Agreement allows for a further nine tranches to be issued at the same par value exclusively at the option of the Company.'

Those shareholders are fanatics who think the share is their tickets to riches - when it bounces after the deal is cancelled it will go to the moon before the rocket backfires.

'The share will bounce soon enough, like before, and every time in recent years.'

SYME only started trading in March last year - where do the 'recent years' come from?

When management only have a small stake they can end up being perversely incentivised to lower the share price by doing a placing and then getting rewritten Incentive Plans at lower prices where the new targets are much easier to achieve with the additional funding. It is why I made the comment about managements shareholdings.

I am not saying that this applies here at all but I am a cynical and cyclical investor and always look for the possible downsides. From memory they said they have funding for 3 years, not that they would not look at raising money after 3 years. If demand from profitable customers picks up faster than expected they will want to ramp up the capitol base they leverage to make loans sooner than after 3 years.

mannnan,

I doubt they will convert all £56m... But they punters who own those shares are true believers who will keep averaging down and then pile in when the bounce comes after the remaining conversions are cancelled. Those who time the bounce will smile.

Troajan,

Best to live far away from one of those factories unless you are going to try to make money out of the staff [they have to eat and drink]. A bit like high voltage power lines.. Some might argue that they are not bad for your health [they are] but no one in their right mind would say they are good for your health.

SYME - they just signed 'death spiral' paperwork but most of the 'cult followers' seem unaware of just how bad Convertible Loan Notes can be (£56m!).

I said the mood music will change - will it become a Death March?

Why not just use a script to remove them?

https://github.com/DestroyerBots/cookie-destroyer

The tracking pixels in emails are worse and you are not warned about them and most have no idea how to disable them [or why they should].

Unlike some I am a recent buyer of these shares so have not felt the pain of past acquisitions. The presentation did indicate that they have learned from past mistakes and are taking positive steps to a more profitable and sustainable future. They were clear that despite the company being well funded at the moment there will come a time when either taking a loan or undertaking an Equity Event will make sense to accelerate growth.

Most of the management have a small stake and one of the NEDs owns 11% of the company (I would like to see the new CEO buy a stake to show some confidence). With the cash on hand, I do not see them undertaking an Equity Event until the year end at the latest and they should have announced improved interims by then. If the share price drops much more with people being concerned about a placing there might be a trading opportunity?