Member Info for nomlungu

Probably links for Kenny to expand on:

https://www.youtube.com/watch?v=bkLnQKsBhRU

https://www.youtube.com/user/AbcamBlog

I do not invest in Chinese minerals because of the geopolitical risk (and my quick reading of GFM did not inspire; not deposits of international significance and I am always weary of companies that do not use https on their websites). The known deposits of Zinc are limited - MAFL's Lagoa Salgada project is targeting around 3 percent of the worlds known Zinc resources as far as I am aware.

However, I am invested in Abcam and the growth in their Chinese revenues was 22.4 percent according to the March interims. Some rainbow chase cancer / biotech shares; Abcam sell them the 'spades' which the research / development companies purchase for many thousands times the cost of gold. Tiny dividend yield at the moment unless the shares were bought much cheaper...

The dividend yield is a lot lower but then again the earnings are dollar based so a Brexit hedge of a sort. I have a strategic Zinc investment and Copper would compliment it so it will give me some food for thought this week.

mick-b,

Good point - it is a massive resource which, if permitted to production, should be very valuable as the world moves to electric vehicles. Actual production is likely to depend on if Trump is re-elected. So it goes onto my long-term watch list. It helps that they appear like to oil the wheels in ways that some may frown upon (on my reading of the NYT article).

I will do one of my (primitive) models and keep an eye on it - I see that the share price is up a hefty 20 percent this month but any buy will be dependant on the US 2020 elections.

BB,

2 recommendations:

1 - buy BCN on the bell as it looks as though it is going to spike
2 - never trust what people recommend on a bulletin board... I am planning on dumping my BCN stock on the fomo spike.

PS _ Good luck with any future decisions you make.

I think that Fred's outburst was aimed at January's sarcastic post from 23h40 yesterday evening. Still out of order though, even if the heat has doubled his frustration.

https://www.nytimes.com/2019/06/25/climate/trump-minnesota-mine.html?

Antofagasta has never been on my radar until I noticed the article below in the NYT - any comments?

https://www.nytimes.com/2019/06/25/climate/trump-minnesota-mine.html?

Maybe a disgruntled investor will use the small claims court to claim from those that they believe have caused them financial damage by issuing statements that they find misleading .

The maximum claim in England is £10k.

ValJu - Fair enough, I was not expecting special status...

I shall see if the trades and RNSs change my modelling from avoid to speculative buy as the potential market is huge and the devaluation of the Pound is creating interest from big bio looking for UK based opportunities as the patent protections on their existing drugs run out.

It is a known tactic to seek further patent protection by acquiring a new compound to reformulate existing compounds so as to cynically extend protection from generic copies of their patented formula.

I still thank you for the update and your tenacity.

ValJu,

Thank you for your update. It was a bit understandable that they had to get EHGO out so fast (they issued the new shares within 30 minutes of getting the resolutions passed) and they now have much less financial headroom to play with.

Did they give any clues away about how they will get further funds in? If EHGO sell the shares that they are being issued it will create a temporary 'overhang' which is likely to depress the share price in the near term, which will mean they will be unable to raise significant sums to proceed with their trials unless more headroom is requested or funds come from other deals.

Was there any mention of the Mystic deal - when I last looked Bangladeshi drug companies had the authority to sell compounds into Indonesia and other Asian countries which represent a huge market, even for a low priced drug.

If EHGO sell as I expect them to, it may create an oversold opportunity for those brave enough / well informed to take advantage of. With a share held mainly by private investors this may be the mother of all x-mas trades in the making (or, as others would have some believe, consolidation and more confetti).

Kenny,

I have been looking for a hydrogen fuel-cell investment since taking profits on the PHE hype a couple of years ago but have yet to find the opportunity. I will probably have to allocate my standard investment in a specialist fund focused on renewable energy / Asia / China.

Too risky for me at the moment whilst Trump and Xi Jinping play out their mine is bigger than yours game.

At least is now https compliant.

Kenny,

From yesterday:

https://www.bloomberg.com/news/articles/2019-06-27/china-s-hydrogen-vehicle-dream-chased-by-17-billion-of-funding

Yanis2005,

From memory, you were amassing evidence a while ago and I commented about the couple of unfavourable Private Eye articles that I had read.

It looks as though the cowboys have slaughtered those invested here - if complicity has happened I hope that those involved are brought to justice. As for the uber rampers - when the tide goes out you get to see who was swimming naked. Lessons to be learned for those who put to much credence in what is posted on bulletin boards.

Another sad day for some AIM investors unfortunately.

Kenny,

Yes - 1.7% is the correct figure

Of more interest is their 30% Joint Venture of the Sonora Project - not sure the terms though. I expect some sleuths will do some forensic digging over the weekend (and probably come to the wrong conclusions though). It would not surprise me if BCN spikes on Monday morning - if it does I am going to bank the profits. As the saying goes, a bird in hand is worth 2 in the bush and one of my hard learned rules is always be prepared to take profits on market froth.

https://www.cadenceminerals.com/projects/sonora-lithium-project/

The bumpy ride of Ascendant has taken has taken an upturn this week - their share price is up 25% this week (at 15:16 GMT-4 ).

Kenny,

From memory KDNC only have 1.3% of BCN left so unlikely to be of much use.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BCN/14129811.html

val203? A new drug?

Not sure if anything has been released about Val203 - can you share more or does anybody know about this new compound?

Thanks