Member Info for nomlungu

Tesla breaks a record: The biggest six-week drop in value ever:

Musk just achieved a new financial first––for the stock losing the most value ever in a brief period. Since that late January peak, Tesla’s valuation has cratered by 36%, dropping by $305 billion to $544 billion at mid-morning on March 5, as its shares tumbled from $883 to $566. No company in the annals of equity markets has ever dropped on a scale remotely that big in just five and a half weeks.

https://fortune.com/2021/03/05/tesla-stock-tsla-elon-musk-value-drop/

Interesting read

https://newatlas.com/medical/cancer-immunotherapy-fungal-infections/

If someone wants to invest tens of millions in a geothermal project why would they want the investment funnelled through ANGS? There are legacy costs that may be incurred when the current assets are abandoned. From an investing point of view it more makes sense to start with a clean slate as it would make future divestment much easier.

"Labour accused the government of using public money “to serve their own party’s needs” after Sunak’s own constituency of Richmond in Yorkshire, and those of other cabinet ministers, were put in the top tier to receive money from a new fund."

I am sure a Northerner can point out areas "up norf" with higher levels of deprivation than the Chancellors backyard. Born in Southampton - why did he need William Hague's safe seat?

With all these exciting new projects do they think they are the next SDL Energy or did they just have a look at their website for inspiration?

https://www.seeitplc.com/

Because I can make the economic argument does not mean I agree; GOV is spending ridiculous amounts on conventional and nuclear arms and nearly £40 billion on 'Track n Trace'. Political decisions that are of economic benefit to members of the Chumocracy - at the same time as demonising those on poor benefits and running down local services paid from taxes raised of employment.

mick-b,

They seem to want to tempt staff to leave and work in the private sector; the better the private sector the more likely those better off will use them to queue-jump and get treated at their own expense.

If I was suffering from an ailment causing long term pain [knee hip etc] I would pay to go private rather than wait several years for treatment. Many will do so.

Less NHS staff and less demand is a winner for the public purse, and it allows the NHS to be restaffed with less experienced on lower conditions and lower wages. A free market result and an economic benefit to members of the chumocracy.

If they are still doing "Late January Sales" in March then trading must be tough - the cuts for the Easter Bank Holiday Sales could be brutal.

An employment court yesterday judged that English Nationalism is a "protected characteristic" and it is therefore illegal to fire someone for being a member of TEN. My claim against most of the current Tory MPs can no longer proceed.

GOV may appeal as it does not protect hatred of non WASPs though.

https://www.dailymail.co.uk/news/article-9325439/Judge-rules-belief-English-nationalism-protected-characteristic.html

The new dust bowl looms - effective biological products are desperately needed and those that make the breakthrough in the States stand a good chance of being adopted world-wide.

I think the peptides being developed by PHC stand a good chance even though I amout at the moment I am going to participate in the next funding if possible. Unfortunately it is not possible to use a SIPP for Primary Bid purchases.

https://www.lmtonline.com/news/article/Historic-drought-deepens-in-the-West-as-window-15997705.php

Rising rates reward spare capitol and punish debt - there is too much debt so spending power is taken from the spender to the savers; and the savers spend little of the extra income they receive as they likely have the assets they require already.

Spending muliplyers do not kick in and the life gets sucked out of the economy, depressing tax revenue which then impacts public services and the whole ponzi scheme pauses for a while. Inflation is just a modern version of a debt jubilee.

Another way of looking at it that the Yanks are getting worried that too much juice is being put into the system; Biden is already slightly altering the latest big boost to the economy and the Fed is getting ready to do a chicken dance [Operation Twist].

But this is good news as inflation and higher interest rates will kill off recoveries even though they will deal with national debts. There is so much pent up demand that the roaring twenties are looking like they will return and they will need loads of resources. If you think that just one battery for an electric car needs resources that are derived from 250 tonnes of mined raw materials.

That is so much mining... The link below might be from a Koch "think tank" but is still food for thought:

https://media4.manhattan-institute.org/sites/default/files/mines-minerals-green-energy-reality-checkMM.pdf

A bit of a shake and shudder by some investors will not end the resource boom that is starting

C4 News says the Civil Servant who sued for constructive dismal was awarded £340k to end his claim so P Patel would not have to testify in court and defend herself against his bullying claims.

Bullies are always cowards...

From today's Bloomberg Matt Levine email:

"Ugh, I am sorry, but the trade here is:

Scour Reddit to see what stock retail investors are rallying around, sure. Just before the end of a quarter, buy a few listed puts on that stock. Just after the end of the quarter, but before your 13F filing deadline, sell the puts and buy a ton of stock instead. File your 13F, indicating that you’re short (via puts), even though you are currently long. Reddit, which likes the stock anyway, will see that you are short, get angry and decide to squeeze you by rocketing the stock to the moon. Now you are rich.

I’m sorry, I’m sorry, that is not legal or investing advice, but it is a little tempting, isn’t it?[1] I often write that it is a pleasant and lucrative situation for an investor to be able to move a stock simply by announcing that he’s taken a position in it."

It is an interesting daily email:

https://www.bloomberg.com/account/newsletters/money-stuff?source=NLshare

No.

Mabe it is a combination of low state pensions, low interest rates and the endorphin release when you get it right?

More potatoe and carrot soups for me next week; and beans curries...

"Even with finance of £100m..."

I know AIM is for companies wanting to raise money but raising £100m when the m/cap is less than £10m may be pushing it even for a board of this calbre.

You do know they smoke spice in jail - not posh stuff though?

It is the 4th of the 3rd of 2021 today [4/3/21] and my MAFL shares have taken a kicking, wiping out profit from elsewhere this week.

Maybe some bitter rampers will finally be able to go out and have a pint of bitter instead of posting bitter comments; it might make this board a bit better?