Member Info for nomlungu

"maybe pw wanted shares"

Read the RNS - the decision was at "UKOG's sole discretion".

If I was owed a debt and the debtor was able to choose to pay in cash or shares and elected to pay in shares I would wonder what the motive is. The debtors Directors owe a duty of care to shareholders so appear in this case to think that it is better to dilute at a price of £0.00133 than pay cash.

Why do they think this? Are they anticipating raising funds at a lower price? Surely they know that the Creditor is likely to sell the shares they have been issued and that the selling price will weigh downwards on the share price which would negatively impact the price they would be able to issue shares at.

It will be interesting to see how rampers try and spin this...

Just shows how wrong Ocelot was when he posted this on the 30th of Jan

"They've invested £550k in cash for HH equipment for the 2nd instalment, the 1st instalment having been paid in shares."

An assumption stated as a fact - poor show. And the first instalment was paid half in shares, half in cash so even more wrong.

HAMBURG (Reuters) - Volkswagen is conducting a feasibility study in China about flying cars, Europe’s biggest automaker said on Tuesday, joining a growing number of companies looking into the potential technology.

“Beyond autonomous driving the concept of vertical mobility could be a next step to take our mobility approach into the future, especially in the technically affine Chinese market,” the German group said in a statement.

Strange phrase

https://www.reuters.com/article/us-volkswagen-china-autonomous/volkswagen-explores-flying-cars-in-china-idUSKBN2A91QG?il=0

mick-b,

They are reliant on short term contracts that are agreed a few months in advance and last only a few months, so the levels of usage of their assets is directly related to economic investment levels. Most of the equipment is owned, so lease liabilities are low and their turnover comes from using the equipment, not goods imported from the EU.

GOV UK is going to be under pressure to invest in "boots on the ground" projects as it tries to recover from Covid, so I have some hope which is why I am paying close attention to the share price at the moment.

Troajan,

I have been looking at a few builders (not housing) and infrastructure companies - the delays and extra costs are going to do some damage to them, especially those locked into long term contracts. And the damage may be contagious - I am quite keen on VANL and watching closely. I thought the bottom had already come, and it is about 7% down since then so the watching brief continues.

Just wait until the market gets some trading updates that include 6 months of Brexit and forward-looking statements. The Chemical Industry and those involved in it are likely to be in dire straights.

#Brexit_Brilliance!

The steaks in my last meat delivery are over an inch and a half thick; which was thicker than I wanted them cut. Now I have to cook a beef curry; a terrible burden and I will have to complain to the butcher.

Surely a wise investor does their own research; the investment case that someone else has "just whacked 150k into this" is a bit flimsy.

If you do not like the message argue against it; trying to shoot the messenger with insults achieves little other than warning other investors that some holders may be getting nervous and might panic sell if the company breaks its self-imposed timelines without updating the market.

There seems to be so little trust in the company keeping to the timelines they announced that people with "Strong Buy" recommendations are offering excuses before the timelines are even broken.

LL,

3 cases of immunocompromised patients on this link

https://creakyjoints.org/living-with-arthritis/coronavirus/new-coronavirus-variants-immunocompromised-patients/

339 days since I had a drink - not that I am counting

'Plenty of variants out there'

Brown bird, yellow birds, owls, parrots etc?

[dont forget to throw some bread out,those blackbirds,will br starvin....]

Both the Pfizer and Moderna vaccines are now being trialled in children aged 12 to 16 on the US. If effective, younger age groups will be targetted afterwards [an age de-escalation strategy]. The vaccination of children may be required to achieve herd immunity.

Kids shed the virus when infected even though very few become ill; the market will be there in due course. It would be unwise to leave a section of the population unprotected as that leaves a pool from which mutations can escape.

"“Hopefully by the time we get to the late spring and early summer we will have children being able to be vaccinated,” Fauci said at a White House coronavirus briefing."

https://apnews.com/article/lifestyle-anthony-fauci-coronavirus-pandemic-infectious-diseases-coronavirus-vaccine-47af1ca6b75a2cedaac7923b7b084404

The NHS is there to help if you are seeing things.

mick-b,

A human has passed my abbreviation, and it has been added to the list you pointed out:

https://www.abbreviations.com/serp.php?st=TEN&p=99999

I read somewhere that the most profitable export that Greenland is likely to end up with is sand - as the country melts ridiculous amounts are getting washed into the sea, and it is of good quality for construction [bricks and concrete].

[AEX Gold is trying to mine in Greenland]

https://www.reuters.com/article/us-climatechange-greenland-idUSKCN1Q01YG

https://www.nytimes.com/interactive/2019/07/01/climate/greenland-glacier-melting-sand.html

https://www.sciencedaily.com/releases/2019/02/190211114219.htm

Google "Sand Wars" and you will see the problems in Asia / India. River dredging for sand is causing serious problems; and some are getting annoyed when they go to the beach and discover some shifty barsteward has nicked the beach.

I got the wrong Agriculture company - I thought you were referring to Agriterra Ld [AGTA] not Agronomics [ANIC].

AGTA is a basket case; I don't know ANIC. Apologies...

The spread on this site is "just" 67%. Only a bare faced Ramper would claim "the money markets know something as they will not let buyers in". Unfortunately, some dumb sod will probably believe nonsense like that and think they are getting a bargain if they "get in" under the Ask.

Will Doris and his TEN Friends go for the Trifecta of no deals [EU, USA & China]?

"China will respond to Beijing 2022 Winter Olympic boycotts with serious sanctions towards any countries that pull out, according to the editor-in-chief of the state-backed nationalist tabloid Global Times.
“Boycotting 2022 Beijing Winter Games, an unpopular idea, won’t receive wide support,” Hu Xijin wrote on Twitter on Sunday.
“IOC and athletes will both oppose it, and China will seriously sanction any country that follows such a call.”

https://www.scmp.com/sport/china/article/3120970/beijing-2022-china-will-seriously-sanction-any-country-boycotts-winter

Money man added to the board - will punters remain bored or is this a sign of renewed action on progressing LS [bearing in mind Ascendant are not cash rich]. The latest Investor Presentation on MAFL's website states that they anticipate moving to a predominantly listed portfolio indicates to me that some sort of monetisation of LS is in the offering, but the company has had nothing to say on the matter.

It will be interesting to see if he buys some shares - if you have been appointed a Director in a company that claims to be trading at a significant discount to NAV the market would take kindly to a show of support.