Member Info for nomlungu

This could be interesting - who is going to get burnt; the market maker without stock or the greedy punter who tries to profit from the market makers misery?

Suspended as broker(s) cannot settle trades - there is going to [probably] be a massive squeeze when it opens as punters will buy thinking that if they get there first the broker will have to buy from them to settle the outstanding trades.

https://www2.trustnet.com/Investments/Article.aspx?id=202006041319410027P

Should be amusing to watch who gets burnt.

[Worzel7 - yeah, I know... And, watercress is very good for human health and is an excellent indoor cash crop suited to vertical farming. And legal as opposed to other hydroponic crops]

cjm91 - thank you for the information.

Why install Hydrogen-ready pipework if you want to export natural gas? Is the pipework part of the Governments push to increase the use of Hydrogen and reduce the use of natural gas?

Worzel7,

Are you aware that [water]cress is considered a stable economic crop suited to indoor hydroponic growing using solar powered LED grow lights? It is a healthy source of minerals and antioxidants.

Also, I do like an egg and cress sandwich.

RNS states that the company has repaid the CLN as it feels it was perceived to exert a negative influence on the Company's share price. So did SS not think it was a problem?

RNS states that they are paying £1.65 million for all the existing PW Equipment used to produce oil and gas at Horse Hill. When was the equipment first rented? PW Well Test Ltd's balance sheet only valued the tangible assets at £170844 in their last accounts (dated 31/7/09).

The RNS states that the reperforations are designed to materially increase the ability of oil to flow. Raising 20% of the market capitalisation is considered material. Would a 20% increase in production also be material?

Now that UKOG are debt free when will they need to raise more funds to progress other assets? And, will they be by further CLNs (SS did not seem to consider them a problem)?

You have every right to express your frustration - I have seen many express their unhappiness in far less eloquent terms over less of an issue without getting banned. Hopefully there will be some return to shareholders in due course.

When did Canary Wharf move to Hong Kong? Was it part of Brexit?

[HSBC HQ is at 8 Canada Square in Canary Wharf, London]

The Trump administration is suspending passenger flights to the U.S. by Chinese airlines, saying it was retaliating after Beijing barred American carriers from re-entering China amid escalating tensions between the two nations.

https://www.bloomberg.com/news/articles/2020-06-03/u-s-suspends-chinese-airline-flights-to-u-s-as-relations-fray?srnd=premium-europe

The $ has cooled a bit as well...

My main concern is that he potentially faces prosecution when he leaves office and will take any steps he can get away with to extend his stay in the White House including starting a war [which would allow him to postpone the 2020 elections if he is likely to lose them].

The spat with China needs careful consideration.

'On Wednesday afternoon, White House press secretary Kayleigh McEnany compared Trump's walk to the church to Winston Churchill surveying bombing damage during World War II and George W. Bush throwing out the first pitch after 9/11.'

https://www.politico.com/news/2020/06/03/house-protests-trump-photo-op-299163

War is coming, Generalissimo Trump is practising...

I see this dropping to under the placing price before the year-end. The current private investor base is unlikely to be predominately long term holders, rather opportunists who have been attracted to a car crash to gawk, dream and hope to make some profit.

As summer comes and goes and the economy falls into a deeper malaise, the same opportunists will want their funds back to chase other dreams and to pay bills they were expecting an income to finance. It is not as though they will be receiving any dividends from TRX anytime soon...

Pessimistic - yes; realistic - I think so. There have been many who have been furloughed who have been chasing rainbows whilst they have had so much time on their hands that behavioural economics will take on more importance. The same can be said for many 'popular' shares at the moment.

'So, someone seems to know something imo'

I expect that will be the Market Makers who know where to pickup cheaper stock and make their percentage - they do not work for charity.

I cannot understand the share price - they complete a placing at 0.55p per share and then raise money by issuing convertible loan notes that convert at 0.4p (and have a 20% coupon) and less than one week later someone is prepared to pay 3.5p a share.

3.5p is nearly 9 times the convertible loan notes price - surely this must be a record for AIM. Sometimes the market makes no sense to me at all.

Post recommended for your optimism. People will be delighted if they 99-bag from the placing price.

I doubt that £15m would be enough and it is unlikely that the company can raise 60% of its current market capitalisation without a substantial discount unless a cornerstone investor is involved.

And completing Phase 2 does not mean Phase 3 happens- what happens if the results disappoint.

CREO - Gross Profit = £5m; Administration Costs = £19m. Cash Outflow = £12m (after increasing Creditors by £3.3m).

RNS gives no details about profitability of the device or number of potential sales; Share Price goes up by 15%. Does not make sense to me even though I like the device. Full details of Trial expected in October - one for the watchlist until around then.

'if the nasdaq ever tops out and topples' - 'Never-ending upwards movement without any logic to it, fueled entirely by an old guy with a printer.'

https://www.reddit.com/r/wallstreetbets/comments/gv5x5o/spy_2020_trajectory/

As an avid follower of politics I am watching politics for investment clues; if Trump gets another 4 years KMK are going to get a few of my scarce resources. Sitting with GMAA on my war watchlist.

'back to the same old same old then' - more loan conversions then...