Member Info for nomlungu

Not to me - I think the price is a reflection of the progress to date and that any new bad news would harm the share price even further.

'Where Ohmetoe is right is that this IS a 52-week low.'

I had a look at the 10-year chart - this share does not appear to have been this low in the 10-year period.

500-week low is worse?

Interesting read about masks

http://nautil.us/issue/90/something-green/the-importance-of-face-masks-and-the-tragedy-of-downplaying-them

EAH have announced 2 collaborations researching PRRSV vaccines; they will be announcing interims soon which will hopefully include news about a resumption of dividend payments.

I am targeting around a 50% price increase over the next couple of months - very lightly traded share with tiny Market Size so any buying pressure should see a spike; unfortunately selling pressure means the price moves the other way just as fast.

Any advances in rebuilding the pig food chain are valuable at the moment.

OK - the Subject is sarcastic reference to yesterday's blue day.

Nonetheless, there is promise in the RNS. It is not so much as jam tomorrow but a possible invite to High Tea at the Dorchester. PRRSV is a multibillion $ international market that is poorly addressed and, unfortunately, a growing one, so the prospective returns are large if successful.

Hopefully there will be news about a resumption of dividends which could provide a significant boost to the market's perception of this share. There is also a very small Market Size on the share so this could move rapidly if and when some buying pressure returns.

The same PM who says his Internal Market Bill will break international law?

The same PM who will publish the first draft of the National Security and Investment Bill soon which will allow the government to retrospectively intervene in deals that are now considered a security risk?

He expected progress? Or is he just trolling?

It used to get funding from the Foreign Office but Cameron cut that as part of his bonfire of quangos insufficiently subservient to the CONservatives. Fast-forward 10 years since that decision and Brexit is the new reality and the UK's once powerful soft power is sorely needed but some talents have been lost.

Yet another example of incompetence by Our Dear Leaders - a bit like the sorry tale of the translation services and the MOJ [eyes passim ad nauseam].

RR,

I read the posts - they were accurate but crafted to wound the brainwashed. Cults never like seeing their beliefs systematically demolished. As that cult grew rapidly as the ramp grew momentum there were many disciples to offend and once dozens started reporting his posts as disruptive it seems likely he was given a yellow card.

If he has been yellow carded for his posts on the other board it was totally unwarranted - that BOD apologised for taking advantage of sector sentiment to fund raise at 7p and somehow it got ramped all the way to an intraday high of 73p. It is already down 64% from that high.

There is a new set of disappointed and disillusioned punters there who seem to be getting a rather bitter spoonful of rampers poison and are lashing out at anybody who has the temerity to explain possible flaws in their logic.

With all these tax loss assets SS must be due a decent bonus this year as he has, according to some, managed to increase the value of the company's assets yet again.

If I was a believer I would expect him to be able to turn the water in the well into wine as well but, alas, my faith is not that great.

I bet jam (and coconut sponge cake) today tastes better today than jam tomorrow?

At the moment there is a shortage of HGV drivers and other professionals that are required by the mining industry in Australia. The fire seasons have been growing longer and more intense and recoveries from the fires is taking up more of these precious resources.

Australia is becoming more and more xenophobic and has an aging population with skill shortages - where is the skilled labour going to come from to move all these massive gold / silver / etc finds from discovered resource to producing asset? Some of the valuations for resources that are still in the ground do not seem to be factoring in the labour shortages. Bubbles waiting to be burst?

[I saw the 50% price increase in UFO which sparked my rant...]

'i wonder why the litle rise.'

It just got too cheap - even when you factor in this is a 'High Tea at the Claridge's' sometime in the future [ie - not jam tomorrow] there is significant value in the LS prospect even though the perception of progress has been tarnished by the financial woes of Ascendant Resources. And the value is backed up by the other assets and all know how well Gold has been performing this year.

The Annual Report will come out in the next month or so and I expect (hope?) that JV will want to offer some news or reasonable forward-looking statement about the progress of LS. There is enough bargain buying interest at these lowly prices so there may be an uplift to come but who knows?

As an aside - any Copper (or other minerals) prospects in Africa may be compromised by the stand-off that is likely to emerge relating to debt forgiveness by the G-20. As I posted on the Teca board, Zambia is looking to reschedule debts because of the impacts of Covid on its currency reserves; today's China Research Group email from the Tories mentioned the tensions building about debt write-offs as the G-20 are concerned that China will take advantage. These tensions will adversely impact on mine cost of life calculations.

Good video from NYT:

https://nyti.ms/3nNsddu

And, for those interested in Cicada breeding cycles they are anticipated to shorten by 4 years under certain circumstances.

https://phys.org/news/2017-05-cicadas-emerge-years-early-scientists.html

Yeah - I understand the China situation... And Taiwan is not shunned because it is a Democracy; it is because China would withdraw funding if the WHO recognises Taiwan as an independent country.

Is it possible that, as a shareholder, you might be biased?

The BBC banned God save the Queen by the BBC - was that Fascism?

rampalar da öyle

So after raising £2.2m at the beginning of the month, UKOG will now 'fund its agreed share of key initial preparatory operations'. Is 'share' the key word?

In the July RNS it states that UKOG will fund '100% of the first of 5 commitment wells' and 'a small 2D seismic survey'. This expenditure is capped at $5m. Note - 100%, not shared.

My sceptical reading says that the £2.2 raised at the beginning of the month is not being used for the seismic survey or any well expenditure so UKOG still need to find the $5m. And where else does the money come from other than a placing or a convertible loan facility?

If the well is to 'be drilled as soon as practicable in early 2021' then funding will have to be in place before then so be prepared for a £4m fund raise as an X-Mas present from SS. It might not happen but at least you will not be if it does.

So now the Gov is going to write legislation to grant retroactive powers to scrutinize takeovers. They want powers to undo deals they have approved in the past? Good for the UK's reputation? Boris imitating Trump without the money or army to back him up?

https://www.bloomberg.com/news/articles/2020-10-13/u-k-plans-new-law-to-unpick-foreign-deals-on-security-grounds

'Boris Johnson’s government is drawing up plans for a radical new law that would give ministers power to unravel foreign investments in U.K. companies -- potentially casting major doubt on deals that have already been concluded -- to stop hostile states gaining control over key assets.

The National Security and Investment Bill is in the final stages of drafting and could be published later this month, according to people familiar with the matter who spoke on condition of anonymity because the subject is sensitive.

It aims to cover deals in sectors such as defense and critical infrastructure, and will make provisions to protect sensitive intellectual property.

Among the most potentially controversial parts of the draft law is a proposal to allow the government to intervene retrospectively in circumstances where national security is an issue. That would mean allowing government officials to look back at past takeovers and mergers where concerns have been raised.'