The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Political risk? For example this piece in today's Torygraph. Good for gold in general but might there be a risk of seizure or compulsory purchase of CMCL's gold?
"Zimbabwe returns to gold standard in battle to kill off hyperinflation
Zimbabwe has launched a new gold-backed currency to replace the dollar, in the latest effort to shore up the perennially crisis-hit economy.
The new currency, which is called Zimbabwe Gold or ZiG, is being issued at a value of around 13.5 to the dollar, and 17.1 to the pound.
The central bank has given the Zimbabweans 21 days to convert their old dollars into the new currency, with newly printed notes and minted coins to begin circulation at the end of this month.
John Mushayavanhu, governor of the Reserve Bank of Zimbabwe, said: “We are doing what we are doing to ensure that our local currency does not die...."
https://www.telegraph.co.uk/business/2024/04/08/zimbabwe-returns-gold-standard-effort-kill-hyperinflation/
"Wins significant early commitment for accesso Horizon"
"Will move quick and likely on some news......". It did that all right!
Daily Telegraph today:
https://www.telegraph.co.uk/business/2023/05/04/lawyers-ai-chatbots-legal-documents-lexis-nexis-chatgpt/
"LexisNexis is owned by Relx, the FTSE 100-listed media and analytics company. Last month Relx was the only British company to be named in Bank of America’s list of the top 10 businesses most likely to benefit from AI."
Ukraine hails GPS-guided Excalibur artillery shells that can hit a target 25 miles away with pinpoint accuracy
https://www.businessinsider.com/ukraine-us-excalibur-artillery-shell-accuracy-2023-4?r=US&IR=T
What is the point of this RNS when there is no information on the interest rate(s) applicable?
Mark Costar, manager of the JOHCM UK Growth Strategy fund on IGAS:
‘It trades below the value of its tax losses, let alone its profitable producing assets,’ he said.
Costar was confident the company’s geothermal portfolio would drive significant growth.
‘It’s got the UK’s largest geothermal portfolio out there,’ he said.
Maybe some light at the end of the tunnel. So-called "e-fuels" use hydrogen.
https://www.telegraph.co.uk/business/2023/03/28/net-zero-ban-petrol-cars-chaos-brussels-climbdown/
Not pushing BKY as an investment, but their report is worth reading for the comments on the Uranium market:
https://www.investegate.co.uk/berkeley-energia--bky-/rns/half-year-report/202303140700088764S/
Nonsense, the retail division is holding them back.
"Lower retail adjusted operating profit including a small loss in British Gas Services & Solutions".
Do you mean whether to sell? I would hold for now, this very positive update may lift the shares out of their recent trading range.
Having seen other companies' Chinese "investments" turn sour, I am uneasy about RHIM's move here. However, the deferred consideration element looks prudent.