Member Info for nomlungu

As Pierre-Joseph Proudhon said, property is theft.

Maybe the landed gentry should suffer for taking the land from the Proletariat?

I am sure that some who read the odd posts on this bulletin board some will have been / are invested in biotech shares that are trying to solve cancer and other human diseases. Some of the videos on the link below may be interesting:

https://www.abcam.com/content/celebrating-20-years-of-scientific-discoveries

In the gold rush the people who sell the spades and tools make the money - some miners strike it rich but most do not. Abcam make and sell a lot of the tools. It is one of the few shares that I will put more money into if there is a negative response by the market to financial results as it is mainly traded by bots and the analysts do not understand the products.

But - this is not an encouragement to buy any of the shares as I would rather see the price crash and get another trading opportunity.

I took notice of the story when I read it as I have a stake in Abcam and, whilst China only generates 17% of their revenue it is their fasted growing market. But, Abcam do have production facilities in China so they may be able to export products from China to get around any banking problems. Their products sell for over £1m per gramme so exporting them from China would not incur much cost.

https://uploads.abcamplc.com/wp-content/uploads/2019/04/02143023/Abcam-H12019-Analyst-Presentation.pdf

No - it is not over. Trump is considering naming China officially as a currency manipulator and locking them out of the SWIFT network.

Some may have read about the 10-15 Facebook Group. After ProPublica published their story on the 1st of July the powers that be went into overdrive to try and scrub the details away from public scrutiny. The Intercept has archived some of the more offensive posts:

https://theintercept.com/2019/07/05/border-patrol-facebook-group/

I wonder if any of the BP agents will be held responsible?

NEX Exchange for £1 plus £2.7m in working capital - sounds a it like the Angus deal to buy a gas field for £1 plus a couple of million.

BHS sold for £1... Another 'bargain'.

A special for the fake news believers - there is no global warming, no plastic in the ocean, we are not at risk from nuclear weapons etc.

https://phys.org/news/2019-07-insect-apocalypse-german-bug-watchers.html

Who cares about bio-diversity?

#sarcasm

I was a bit concerned about the implications for my stake in the Pictet Health fund which has been doing well recently - been through the paperwork and no need for panic.

'Trump says he'll issue executive order on drug prices':

https://www.axios.com/trump-executive-order-drug-prices-favored-nation-a9a6d891-76e8-4dd9-9f43-9e50ebb7def3.html

I did get a prompt reply from Investor Relations - obviously nothing not in the public domain was mentioned but it was positive and courteous.

Interesting NYT article

https://www.nytimes.com/2019/07/03/science/cancer-bacteria-immune-system.html

When you wake up from your dream you will find that the share prices are 0.182p v 0.183p. I am sure many would like to see the prices 10 times higher than they actually are.

The greater cane rat is a better option - there are some other subspecies of interest as well. As the UK population becomes more diverse what some in the past would have called bush meat becomes economically viable. DEFRA is unlikely to grant a license because white conservatives recoil at the thoughts about farming rats.

Troajan,

I mainly pay my bills through bond yields whilst ring fencing gains away from HMRC's greedy hands. I get annoyed when politicians play power games and interfere with my financial security.

If you are a sheep farmer you will know how bad BoJo's offer is - if the Spanish do not buy the lamb to spit roast because of tariffs and hill farmers lose the single farm payment scheme how will marginal produces survive?

Then question the viability of the lending institutions exposed to the farming sector. The phrase 'cluster fcuk' comes to mind. As long as African swine fever does not get to the UK there may be hope for Farmers who diversify into Pigs.

Time lag theories... I have been reading an article about quantum trajectory theory and time scales.

https://www.quantamagazine.org/how-quantum-trajectory-theory-lets-physicists-understand-whats-going-on-during-wave-function-collapse-20190703/

The D-Wave 2000Q machine can now be queried in the cloud and I have been trying to get my head around their sdk hosted on github:

https://github.com/dwavesystems

I disagree about the 12 /18 month timescale though; time will tell.

I have a lot of time for John Pike's thoughts - a link for Kenny to go down the coal mine and see if the canary has died.

https://www.globalsecurity.org/military/ops/world_war_4.htm

More rabbit links for Kenny:

http://conservativesforpeace.com/

The curve has been inverted for 3 months now:

https://slate.com/business/2019/07/yield-curve-bond-market-recession.html?

And, uninspiring jobs data is expected tomorrow - the evidence of the 'success' of Trump's tax cuts and trade wars may well be coming home to roost. Most know when the US gets a cold the UK gets Pneumonia. Throw in a dose of BoJo's economic and Brexit plans the UK economy may be on life support before the end of the year.

As has been kindly shared by ValJu, Valirx's cash burn in now under £100k per month and on that basis they will have 6 months funding once they finalised the sale of the unlisted asset (? we do not know what the asset is) and receive the R&D tax credit.

The reduced cash burn makes sense as they are no longer providing funds to Valiseek - the RNS dated 26 March 2019 stated: 'Whilst ValiRx currently holds a 55.5 per cent. majority equity ownership of ValiSeek, the Company does not have any further financial and contractual requirements or commitments towards the remaining stages of ValiSeek's clinical development.'

In the event that there is no news about other financing sources there will inevitably be a need to raise more funds and I expect that it will be prudent to do so before Halloween and the implications of a possible hard Brexit on raising funds in an uncertain environment.

Of course, taking a geopolitical and macroeconomic approach to fundraising is hardly an exact science.

This is becoming farcical - the advertised Bid is 3.4p but the last trade that went through today was only for £6.5k and the seller had to accept 3.2p.

I have sent an email to Investor Relations asking if TRX will put out some sort of statement about the near halving of the share price over the last month and asking that receipt of my email be acknowledged. If I receive a reply I will post as such but past emails sent by myself and others have not been replied to.