Member Info for Ricardo2019

(not that the lse quoted spread is often that accurate, but i can't be ****d to check the real spread).

Wondered if everyone was asleep. Surprised the usual suspects aren't out spouting guff.

Anyway, the answer to your second question is about -2.5% because there's a 5% increase with a 7.5% spread so it's one of those fake price movements that marketmakers love so much.

In reality the US is the global financial power, so whatever they enact becomes reality. The mood music is tending increasingly towards confiscation and I don't think it's merely a negotiating position.

Unfortunately it's not Chinese assets that they'd seize - what they'd do is take all the Russian subsidary companies and suddenly rather than a British company (EUA) owning those as we do now, they'd all be owned by the state which then receives the BRICS money. The Chinese would get their minerals.

The sooner we get a sale the better because if we get it done before asset confiscation then the monies get paid through the international banking system to our (British) company bank account and Putin can't get his hands on it. If EUA leave it too long then the higher the risk of the West confiscating assets and then Putin doing the same.

Don't be too surprised if all this talk of sale, cash burn, VAT refunds, none sale of stockpile etc all becomes irrelevant. You should be worried about the shark nearest the boat which is:

"Russia has drawn up a list of Western assets it could confiscate in retaliation if the West seizes Moscow’s frozen assets, the Kremlin has said.

Western countries are reported to be drawing up plans to give Ukraine the £300bn of Russian assets that have been frozen in the West since Vladimir Putin invaded in February 2022.

When asked if there was a list of assets that Russia could seize in response, spokesperson Dmitry Peskov said: “There is”."

- The Telegraph (today).

Merry Christmas everyone! Let's hope for more good FRR news in 2024. Thanks to those who are able to help keep us in the loop on FRR news.

Buy on rumour. Sell on news.

I'm happy, I get to buy more at a good price and tuck them away for the long term. Meanwhile, our miners keep mining. What's not to like?

All day traders can feck right off.

To get from 1.15p to 1.7p took ~£45,000 of buys. Interesting.

There are two RNS threads titled 'Very Positive' and 'Very Disappointing'. Both are wrong.

This is just a mediocre RNS on the face of it. But it has an underlying problem. One I've seen many times before with failing AIM companies. It hints at a long slow decline. And that's our risk - that we sell nothing and, eventually, the company fails or (probably more likely) shareholders get fleeced. Mind you, most of us are so underwater now that event may not make much difference to losses.

Of course, the BoD may pull off a brilliant sale and we come out winners. I'd say there's about 20% chance in the current climate. If the sanctions end (note: not the war) that percentage goes up.

Back in the draw for another year I guess.

Mizman keeps copying and pasting what he's told to. Bear in mind that he's the genius who said that the Donbass front was collapsing in Aug 2022 and Putin's war was about to end. Yeah, that aged well Mizman didn't it?

Assume you mean 1.0?

Yeah but I should be able to buy you all one pint. Just need enough straws to go round.

If this comes anywhere near good, even just getting half my money back, it would be my pleasure to buy you all a pint in a London pub.

The Board of Kodal Minerals, the mineral exploration and development company focused on lithium and gold assets in West Africa, is pleased to announce that further to the announcement on 27 October 2023, the Company has received US$17.75 million pursuant to the funding package announced on 19 January 2023 (the "Funding Package").

The gross proceeds of US$17.75 million (approximately £14.5 million) finalise the Subscription portion of the Funding Package, whereby Xinmao Investment Co. Limited, a wholly owned UK-incorporated subsidiary of Hainan Mining Co. Limited ("Hainan" or "Hainan Mining" and together with Xinmao, the "Hainan Group") will be issued 2,937,801,971 new ordinary shares of 0.03125 pence each in the capital of the Company (the "New Ordinary Shares") at a price of 0.4912 pence per New Ordinary Share. The Subscription proceeds include the US$3.5m previously advanced by the Hainan Group as announced on 3 August 2023.

LSE behind on the RNS updates as usual.

Yep, right next to Share Chat in the red box. I use it sparingly because I do like to read dissenting views, but not those from total idiots.

It's important to all investors to read contrary views. It avoids the board becoming an echo chamber. When you've got people providing well-reasoned, intelligent arguments against the consensus that is of great value. None of that is provided by the low quality, time-wasting posts of ScarletVixen and Watcher36 - so into the filter they go!

I'd want my own oil refinery for £130m! ;-)

Yeah that was my thought, with the pressure build up during shut in. Good to hear that the pump should make that irrelevant. Thanks TAC!

Good news! Can any oil well experts tell me, would the output be slightly higher in the short term due to the production halt, or would that be of no consequence?

So much BS.