Member Info for Spikeyj

… but maybe still of historical interest for some …

https://www.thetimes.co.uk/article/spencers-electric-windfall-x9v7wrlf6?shareToken=8a5d0d1ab20863b02df8f9e97a65647a

sorry, meant to include this as well;

https://www.thetimes.co.uk/article/az-set-for-billions-from-cancer-cure-vzz8mq3ww?shareToken=142582f950efa2a31ce9513416a7a83f

big pharma can get a bad rep in the woke world, but
advances like this can make serious positive difference
to the lives of many patients and their families.

https://www.thetimes.co.uk/article/prudential-to-raise-2bn-in-hong-kong-in-eastwards-shift-nrfnx3gtc?shareToken=483b120a491370d7fdffe2f50ff6223e

https://www.thetimes.co.uk/article/hopes-rise-for-breast-cancer-cure-pwqtdnhvr?shareToken=73c31d7fcfcaec0287ba119853e42b06

added yesterday.
(swapping a little
bit of my SSE for it.)

and bought a few back.

fair point.

sold a few at 1485. but
mostly remaining long.

buy order set for 2450 … nearly got it, patience, patience.

(my apologies, i meant, chair standing down, not CEO.)

https://www.thetimes.co.uk/article/m-g-moves-finance-boss-to-head-savings-business-zc70s65gp?shareToken=0cf655d28a57c9cdd613b9c36e97660b

would be interesting to know if there were any connections between this
demotion, the COO’s sad demise earlier this year, and the CEO standing
down after stress-related illness. but it seems very unlikely we will ever
get a clearer picture. - sounds like MNG’s not been a happy place to work.

nice while it lasted, back to the lowland smog
of the 1300s for a little while at least, ah well.

added a little.

very refreshing.

slowly slowly
catchy monkey.

meanwhile, there’s slightly more activity today from ADME rampers over on
the other site, after a long, long pause when they’ve had almost nothing at
say about the company. - perhaps a small clue that company may finally be
gearing up to try to dangle imminent CPR release as a carrot to get a placing
away before month end when those pesky accounts are due out? we’ll see.

gl all honest folks.

your post reads as thought the cost of a CPR is something ADME
will have to deal with in the distant future (“… the additional cost
of the CPR remains to be seen but current cash should be OK.”)

but the CPR is meant to be something they should *already* have paid for,
received, and published, from previous RNS claims, not about some foggy
liability due so far away that no-one needs to worry about it. at this stage,
given the non-appearance of the CPR, feels a bit 45% ADME hasn’t been able
to pay for it fully yet, 45% they are sitting on the CPR as it doesn’t say what
they hoped it would say (& maybe 10%, nigerian time is just very, very elastic?)

dan, they don’t just need to keep the lights on (in terms of BoD pay & perks, that’s
a veritable Xmas tree of lights to fund), they are also incurring costs & short term
liabilities preparing the barracuda drill site, and they will also be needing to fund
their shares of aje developments — the two wells they have there are gradually
depleting and failing, as shown in the falling production figures. from an auditing
perspective, they are not going to sign off on the basis of a going concern simply
because osa is very, very confident the first barracuda drill will start gushing oil.

they have no other source of regular money coming in, & the dismal share price,
appalling liquidity etc, does not bode well for their prospects of decent fundraising.

(again, I’d highlight, if they did have a decent cash position, then why on earth did
they re-arrange those loans on such very expensive terms? - crazy if they have cash!

hi karv, i am thinking that something rather nice re t/o prospects may be
happening on a 12-18 month kind of time frame … I’m not really looking
for that much excitement before that (but would be happy to pleasantly
wrong of course!) - but happy to build some now, in pieces step by step,
while it’s quiet and lowish, with good cash backing for a decent divi,
and also i think some value in the brand that i think is underpriced.

… if one were a little cynical & pessimistic, and thinking of the possibility
that this company may soon fail as a going concern and go into suspension,
then it would not be entirely surprising if certain individuals started looking
for ways in which some assets of ADME could be shuffled around or divested
so that they would not be lost into an eventual administration process…