Member Info for nomlungu

And they have been spending £30k per month on 'Corporate expenses' according to the 1/2 year accounts - what have they been spending the shareholders funds on?

Why we should not trust our government?

https://www.dailymaverick.co.za/article/2020-03-30-coronavirus-fake-news-how-the-british-government-misled-the-public-for-weeks/

'Very good trend !'

1 month down over 30%
3 months down over 50%
6 months down over 60%

Trend seems upside down?

chester18,

10h04 - 'Who are the creditors?' You seem unable to understand that TRX owes MidCap more than $2m.

Sure, people paid more than the current price in the past but that was when the company was raising funds to take it to free cash flow. This has not happened so they overpaid.

'Sometimes I wonder wether people just try to act thick to cause a stir or actually are.' Reading some of the optimistic posts here today I wonder the same - did you expect the share price to improve on the contents of the RNS?

Anyway, if you think this will be bought out at 4p then fill your boots - time to average down?

Bankfool,

I check the RNSs on the London Stock Exchange every trading morning - it is worth bookmarking the link below.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html

The last RNS about the loan facility (14/11) states:

'The remaining balance of $2.0 million of the Term Loan currently drawn down by the Company will remain in place ("Tranche One"). The Company will also continue to have access to draw down the remainder of the RCF...'

MidCap are a creditor despite what some would like to believe.

'The assets of TRX are worth a minimum of 4p a share'

The market does not agree with you, does it chester18?

Wide boy flippers from the City will always be willing to provide financing if they are offered attractive enough terms... Normally at deeply discounted prices and plenty of warrants.

And they do not care what the BOD are paid - just if they can make a risk free profit.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/VAL/14482073.html

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TRX/14481950.html

not good

Another interesting trial:

https://www.bloomberg.com/news/articles/2020-03-30/century-old-vaccine-investigated-as-a-weapon-against-coronavirus

Some seem to be ignoring the fact that some fields can suffer permanent reservoir damage if they are shut down. So those fields will keep on pumping in the hope that prices recover.

At the moment it is not how many barrels flow per day - it is what price they can be sold at, now and in the future.

It is like a move script:

https://www.politico.com/news/2020/03/29/inside-the-white-house-coronavirus-response-153058

mick-b,

An alternative:

https://nextstrain.org/ncov

Thank you.

Unfortunately 70% proof is 38.5% ABV so it will not kill the Virus [then again 70% ABV will poison you].

A couple of scary Bloomberg links. The 2nd is of most concern as in some obscure markets the price of oil is now negative - people are getting paid to take the oil away!

https://www.bloomberg.com/opinion/articles/2020-03-29/the-coronavirus-means-it-s-a-truly-free-market-for-oil

https://www.bloomberg.com/news/articles/2020-03-29/the-global-oil-market-is-broken-drowning-in-crude-nobody-needs?srnd=premium-europe

gettingpoorer,

If you do not appreciate the extremely difficult circumstances that TRX currently find themselves, in you may end up 'getting poorer'.

When a company states that it needs to be recapitalised it means they need more equity (ie - capital, so a placing can be expected). The current share price is only a little over the nominal value of the shares so there is little room for a discounted placing and most would expect any placing of any company in the current market to be at a discount.

As chester18 has stated: 'What we do know is news on our future is now only weeks maybe days away'. The future will become clearer soon. I am expecting an opportunity to buy back in much cheaper - time will soon tell - when a deeply discounted placing happens and current investors flee in panic when they see the losses that they have incurred. A share consolidation could be expected by some under the circumstances.

I hope for you and others currently invested that I am wrong but my risk aversion means I cannot consider reinvesting until there is funding clarity despite my appreciation of the science and potential future free cash flow (in the current market cash is king and he who has the cash can dictate the terms).

The Wuhan Center for Disease Control and Prevention is located 280 metres from the Hunan Seafood Market (often cited as the source of the original outbreak). They have been studying bat coronaviruses in a BSL-2 facility there. The link below is an interesting read:

https://thebulletin.org/2020/03/experts-know-the-new-coronavirus-is-not-a-bioweapon-they-disagree-on-whether-it-could-have-leaked-from-a-research-lab/

The US also have a terrible history of using BSL-2 facilities for virus research but that is a subject for another day in a different place.

#RaTG13

jl5006,

Mrs May invented the Magic Money tree. The Americans are simply cloning that tree and using the clones for Phytomining low-level platinum deposits. It is a similar process to that used to produce Ni.

https://duckduckgo.com/?q=Phytomining+nickle&ia=web