Member Info for sasa43

Re: this inaugural divd - it's always pleasant when a maiden divd is announced but such a chunky one as this is quite exceptional to put the shs on a yield of 7% from the outset. Bodes well for the outlook, given the appeal for income seekers now, too, so further appreciation from here looks very likely - sasa.

Hi upomega - well, it's possible, I guess.

From the early 60's onwards, was in London Wall, then Cornhill, then Throgmorton Street and afterwards Chancery Lane / High Holborn area (been around quite a bit) - thereafter was operating 'offshore' in the Channel Islands for a decade or so - sasa.

Hi gwm - with Amur having disappointed for so long, it remains in my 'bottom drawer' - pending something happening, one hopes; with class 1 nickel now around $20k per ton, you never know!

Well done with your nickel ETF meanwhile. Blackrock's World Mining Trust probably has some platinum / uranium exposure but worth Googling for more detailed info. and for other ideas, as well. Hope you're okay, too - sasa.

Maybe VP will start looking around in his own back yard for supplies of class 1 nickel, then - that would be a start - sasa.

As an ex - City man myself, I never indulged in the practice - immoral it is, imv - you're quite right, dick.

If and it's a BIG If, there's the flimsiest case for it, then pass the borrowing fee on to the owner of the shs the shorter utilises, not the agent entrusted with managing the clients's assets on a 'best endeavours basis' - his firm gets paid handsomely for doing that already - sasa.

Great quip re: chickens in Sainsbury's, TDT - made me chuckle, that - sasa.

Thanks Gazman - it doesn't seem I've missed anything, then...

It just occurred to me that if anything is going to snap us out of this absurd undervaluation, a resolution of our contract dispute with the DHSC would be the likely 'trigger' to do so, as many have suggested but if that also resulted in us picking up the pieces from the Immensa health clinic fiasco, including their contract, then all the more so.

With the new CEO now in charge, comms on this situation and many other pertinent updates would be welcomed by all, I'm sure - sasa.

For our company re: the Wolverhampton lab 'horlicks' recently?

The DHSC, having cancelled our large supply contract mid - stream (for which we know not why even now) issued that unauthorised supplier of PCR tests a £120m + contract and they're now suspended in consequence. Clearly very humiliating for that agency currently.

Presumably, they'll now be looking for a reliable alternative to maintain continuity of this important diagnostic service. Might they be forced to return to the 'gold standard' provider and re-asign that contract to NCYT with positive implications for bringing our outstanding dispute with them to a close, too?

Have been away from the bb for a few days, so might well have missed any comments on this embarrassing episode for the DHSC and don't fancy trawling back over some 500 or more posts to see any views on this scandal. Any thoughts? - sasa.

Quite agree, Allalogie - whilst the trend towards cleaner and eventually carbon - free energy is a given and rightly so, the 'go green now' activists fail to realise that it's fossil fuel energy that powers the building of all the alternatives for now, quite apart from supporting the economy generally and will do so for quite a long time yet.

When the lights go off if the transition is too hasty, maybe they'll realise that, however laudable their desire to 'save the planet', a steady trend towards that aspiration is what's needed and that's already gaining increasing traction - sasa.

That's good to know you're okay, NewK - sasa.

Agreed, dick - sasa.

With the shs +8p currently. The positive mention in the IC last week, reiterated in the latest MoneyWeek article detailing 'Buy' views obviously aiding sentiment.

Notwithstanding the possibility of the Govt now contemplating a 'windfall' profits tax on Nth Sea oil & gas producers (another sign of desperate measures to suggest that they're 'doing something', however misguided) I'd expect the upcoming Columbus RNS confirming it's now contributing to further production to push the sp back up to the recent higher levels.

Hopefully, news soon that R3 is increasing its output, too - sasa.

Hi QC - thanks for your reply to my 'swaps ' / 'put' differential query - very helpful - sasa.

Hi QC - very interesting commentary on the 'hedging' / 'swaps' considerations, there - thanks...

Having been out of the City for some twenty years now, I'm quite 'rusty' on the differences currently. In my day, 'hedging' was commonplace, being effectively a 'put' option in anticipation of the underlying commodity price declining over a set period - if the commodity price rises against your contract, you can either close it off if there's sufficient time left or deliver the goods upon expiry.

Swaps were not so common, as I recall. Presumably, where they go against you, as happened in this case, you can either consider reversing them at a known cost / undertake another on the then relatives or hope the commodity price moves back towards you - is that right?

I was surprised by the sizeable provision vis a vis their current swaps in the recent RNS of some £32m I must say - the best hope must surely be stepping up 'unhedged' production as soon as practicable to lessen the impact of the liability in the Y/E accounts as NewK suggests - sasa.

Hi troublesome - not first off but have now.

My gut reaction is that everything, especially language and grammar, change over time so the Dinosaurs are definitely dead! Let's leave it there, for the sake of the bb and more pertinent NCYT discussions... ATB - sasa.

Hi troublesome - You obviously knew that sentences shouldn't start with a conjunction so no need.

Just some idle banter on a wet Sunday afternoon... sasa

Hi Trader - no, strictly speaking, you should never put a comma in front of a conjunction, eg. and / but / so as they're already 'joining words' but anything goes nowadays, so who cares?

Much more interested in seeing NCYT get 'out from under', given the overt value on offer and the potential here, like all of us - sasa.

Not wishing to get involved in a spat over this, folks but as a former published author, double spacing was 'de rigueur' for new para introductions with that requirement also taught in school in my day, so DRB83 is quite right, fwiw... - sasa.

Very interesting / encouraging link, that, Luke - thanks,

Hope you keep posting your valuable contributions on here, despite the recent nonsense; the LTHs appreciate all constructive info. and comments - sasa.

Hi Manuel & all on this topic...

Was only thinking about EV's but I know you're all right about augmenting power supplies via battery storage 'in house' / solar panels etc.,

Being in my dotage nowadays, I'll probably muddle through, anyway, where house supplies are concerned but thanks for the reminders - sasa.