Member Info for robizm1001

Spoke to my friend last night so have a better understanding of cost of complaints. Complaints cost £4 million first half (£2.7 million impairment and £1.3 million admin. They made a provision of £2.4 million for complaints at half year.

They received 8500 complaints for year ending Feb 2021 and we know it is a lot more for Feb 2022. Say 20000. If the complaints start dropping off in year ending 2023 they they will be ok. If they go up HCC will be run just to pay off complaints.

Provident set aside £50 million to pay off their HCC complaints which implies the total complaints would have been over £1 billion. The payout was 7p in the £1 or something like that. Morse are not as big and may have been better run but this shows the potential bill for Morse (even £100 million would do kill them off.

Not everyone will claim and hopefully the claims will fall but is this the reason they wanted to switch digital from HCC. I own shares as my hope is the CMC got the claims in before March 2022

I have followed this sector as a friend works in FCA dealing with it. Most have gone into administration or folded before the regulator caught up with them. Provident had to set up a scheme of arrangement for HCC and satsumas. Morse is one of the few left so the Digital offering will make a fortune unless HCC takes them under.

A lot of what Morse turn down ends up with the FCA and even if they win it still cost the FCA fee plus time and money. I think they will survive just.

Have Russian sanctions even started. August was the deadline. Sadly crazy Putin does not look like stopping anytime soon

I think we will lose our lose our money unless the war ends quickly. This share is not listed in Russia so directors can do what they like. Effing Putin needs shooting.

The directors were in my opinion going to steal the coal assets and give us shares we could not hold so I am not expecting any favours from the directors. I was holding 40 thousand shares but sold 35 thousand and put them in a coal company.

I class my 5000 shares as worthless along with 80000 shares in Gazprom. That is over £20000 down the drain. We can hope something will be salvaged but we are dealing with people in one of the most corrupt countries in the world.

I wouldn’t p-ss on Putin if he was on fire, in fact I would add some petrol.

The bad points are very wide discount and illiquid stock. Payback period unknown. Directors happy to draw their salaries with an investment trust that is way too small and not pay anything back to shareholders.The earn in partner has to raise cash to complete the DFS and based on the earn in partners market cap they market don’t think it can. The main project has 3 part owners which is not good for finance.

The company will receive notification then someone has to draft the RNS and then it is submitted. If you believe that nobody hears a whisper about the contained information then good for you but I believe good news spreads quickly

People thought a RNS was going to drop and it has not yet

It be FOMO. Volume high for the day. Coming back now

They can’t really issue a speeding ticket as technically they are waiting on the FDA

ASND may be the better investment. Much more risk but potentially much more reward. End of 2022 MAFL may have 5% stake in the mine if DFS is completed. Then comes the funding which may include some equity. The 15% is also a worry but the European jurisdiction is a major plus

My two concerns are can they buy the 15% back and ASCD, do they have the cash to finish DFS. The PEA shows good economics. But what happens if the earn in is not complete. Does the 50% come come back to MAFL?

The share price should fall on Thursday. We need a trading update

Big companies have loads of companies listed. I worked for a big supermarket and they had loads for various reasons both active and dormant

The company is sadly run by a bunch of crooks so would not go overboard in this share. The directors pay and benefits is ridiculous for a small cap like this.

Not interested in what you believe so stop cluttering up the board with rubbish.

Someone who has been in agl for years and getting a little frustrated by the wait. This is a free public bulletin board so I can say pretty much what I want. The shares are drifting lower every day and made the observation that we may hit the 80s by results day. If you have a problem with that then tough.

Is it even in the que? Will we be in the 80s come results on Thursday

Europe needs to buy 70 million tons (currently supplied by Russia) from August and if the war drags on then come winter gas will be high again and thermal will be in demand. India are struggling and desperately need more coal but cannot afford it. I think we will see $200 a ton at least until the end of the year and over a £ billion in cash by year end. They will have £600 million cash for coal sales until the end of March 2022. April they must be making $200 dollars a ton

Major manipulation of this share. They mark them up for sells and then crash it for stop losses and panicked sales