Member Info for ZaphodBeeblebrox

Good morning all. I was very pleased to see this morning's RNS - the data for all 3 conditions looked at (fatigue, shortness of breath and loss of taste/smell) look statistically significant and indicate further investigation is warranted. If, as some doctors think, long covid is caused by viral remnants in the body, then an antiviral seems the most logical type of treatment to investigate.

A poster was commenting on fatigue/malaise being vague. From the people I know who have it it basically means they have no energy to even get out of bed. There is depression associated with this inability to be active so I think it is a much more serious condition than many doctors realise. Everyone complains they were not taken seriously by doctors, but it does seem to be genuinely debilitating for many.

Mixed bag, but showing positive progress on debt reduction and opening stage 3.
They state that "due to macro-economic conditions, there was a noticeable increase in the cost of essential consumables including fuel, explosives etc, resulting in mining unit costs exceeding budget."
Why do you think is going to change in the short term leehardcastle?
I personally do not, and that increase in AISC will reduce our positive cash flow. Increased production could allow us to keep paying down debt and I am looking forward to getting rid of this usurious mezzanine debt. But then we still have at least a couple of years to become debt free and knowing the Candys they might load some more on, you never know.

A bit of musical chairs but I am excited to see Simon Dew will be joining the Executive Team as Chief Business Officer ('CBO'). Particularly his
recent work at "exosomes company Evox Therapeutics, where he was responsible for leading two transformational partnership deals with global pharmaceutical companies."
He has the connections and a track record. Let's hope RENE have something the big boys like.
GLA
PS My shares remain stuck in their bottom drawer, but as Phil says their price may be attractive at this point. dyor

This share has been an almost continuous disappointment since I bought it back in the Neil Woodford disaster days. It did move from 50 to 300p in early 2019 on the back of positive preliminary data in US retinal trial, but we all know what has happened since then. But it is a fact that positive news can go a long way with RENE

Thankyou carpfisher - I will try to remain humble and sorry if I hurt your feelings - I could not resist the pun on carp!
Happy fishing and no hard feelings I hope.

That being said, I will raise a pan galactic gargle blaster to the memory of the Queen and Prince Philip (who was my favourite). I also met Princess Margaret who was very friendly if a little tipsy at the time.
I do hope Charles as King and Liz Truss do well in their new respective roles, because I think Britain is a special place and its people have a generally very kind and pleasant character,and we deserve a break after all the years of austerity, Brexit, covid lockdowns, and incoherent energy policies.

Here's someone better suited to the role than Charles - Stephen Fry!

carpfisher - what a load of carp you have posted.
Firstly, RIP the Queen who has been a steady and familiar face for all of my decades on this planet. She has given us stability and her family have given us many hours of enjoyable Spitting Image skits.

Good luck to King Charles III. I hope he has success in explaining why he was best friends with Jimmy Savile and Bishop Ball. Maybe he will release some files on his uncle Lord Mountbatten. All lovely people, right?

Hi Magnum
Yep probably placing churn still ongoing. We havent hit the placing price yet though, which I would expect before we start back higher. Am amazed the share price hasnt gone over 1 p on recent news, but I do not think the style of placing was well received by the many shareholders who were not included or consulted.

No reporting on the Investor Presentation? Or is everyone simply on different Telegram groups now?
Wakey wakey!

Great to see the momentum back here - reflects the growing confidence in the team VAL has put together.
All my buys here are under 20p and managed to sell some in 2020 for 62p! So we have certainly reached those highs before and can again on some more good news.
Have a good weekend everyone - it's almost gargle blaster time!

It will be interesting to see if Vlad reveals any news next week at the Wainwright conference.

Very pleased by this mornings announcement with a very strong new team member on the BOD. Like Darkknights I too have noted the Takeda connection, although to be fair she is extremely well connected in the drug development ecosystem - thankyou iceman for the sleuthwork :-)
This is one share I bought for my wife's ISA that she will hopefully be happy about. TILS and HEMO were total disasters and I still have the rolling pin bruises to prove it :-)

Regarding Rods stewardship at Bluejay, if you had bought any time in the last two years you would be 30-60% down, although that is in line with much of the junior mining sector at the moment. If you'd bought in 2018 at 25p you'd be rather ****ed off.
Of course, if you had bought at 1 p and sold at 25p in 2018 you wouldnt be complaining. But at a quick educated guess, most LTHers are well down on paper and very much looking forward to seeing Han**** getting into production to remedy their predicaments.

Placing Positives
New chairman Rod has 1% and non-exec CEO BBG now has a little skin in the game in shares, but he always had a lot in terms of options.

Placing Negatives
Done at an unnecessarily high discount, and with zero transparency. The after hours 5 pm RNS is downright dodgy AIM style behaviour and shows a lack of respect towards investors.
Does not bode well for the AA conditions on the Han**** finance, which are still to come according to this item from the Aug 31st RNS on conditions precedent to
"i. new equity raised by Alien, and evidence that such amount has been utilized for Han**** in this case, of US$5 million"

I am not buying any more till this is addressed by the BOD as well as the dodgy way this last placing has been arranged.

Sorry I am not with the happy rampy crowd on this one.

Good post at 20:54 last night howezap. I normally try not to post in the absence of news but it is easy to see that in the current negative economic and geopolitical conditions that sentiment is in the doldrums and hence so is the sp. However, I have plans to sell exactly zero shares, and I am pretty excited about news over the next few months. Usually when I have been impatient I have lost out on big gains so I am trying to develop more Zen-like qualities during this market turmoil.
GLA all and have a good day fellow Xtractors.

Good find Damo. The AA report does indicate that Han**** fits in nicely with their iron ore plans.

This is very promising news and if AA are negotiating in good faith a long term partnership could yield valuable help in developing iron ore as well as our UFO PGMs.

However, don't be under any misapprehension about AA. Where do people think the power lies in a relationship between a mining giant and a small explorer? Management can be bought off as we saw with Chris Fraser and co at SXX. If JPM are the bankers l would also be concerned - we all know how ethical they are in commodities......not.

This line from the RNS concerns me
"new equity raised by Alien, and evidence that such amount has been utilized for Han**** in this case, of US$5 million;"
This implies a placing is ahead - but hopefully at a much higher price now that the 60 day exclusivity has been announced. The devil will be in the detail and l will wait for that before popping any champagne corks. If AA don't scree us over, l may even have a Pan Galactic gargle blaster.

Good summary of RNS'd info. Dave Price seems pretty upbeat. They have applied for Greek drilling permits but unfortunately he did not go into how much drilling, and how it will be paid for.
Hopefully that will come up at the Investor Q and A.

Agreed Kamakiriad. The company is slowly regaining it's credibility and investability, and lots more news to come over the next 6 months, as laid out in the RNS.
I am also happy to see the focus on Meygen and Uskmouth does not preclude the monetisation of the pellet tech know how for coal fired power station conversion.