370 days ago
Vast Resources (VAST) has to repay more than $8 million of debt by September 29, that is a week today. If course it has not got any cash. If you needed proof of how bad things are there is news from the Baita Plai mine in Romania.
1167 days ago
It is like National Velvet but far better, the rank outsider coming through to win a major sporting event. Emma Radacanu seems such a pleasant young lady discussing how honoured she is to have had a message from a role model that is the Queen, after her win. Wearing that crucifix, so unfashionable in Britain today, this is a girl who has worked hard to get A’s in maths and economics A levels just a couple of months ago and who talked of celebrating with chocolate frozen yoghurt with added chocolate. So like the whole nation I wake up thinking how wonderful this British sporting heroine is. But if there is a bandwagon there is always Nigel Farage.
3791 days ago
Poor Phorm (PHRM). It has woes aplenty. First up it runs out of cash and unless some sucker gives it more it will go tits up in six weeks’ time. Secondly it appears unable to tell investors the complete truth about certain of its problems, like being shut down by the regulator in Brazil as I revealed HERE a few days ago. And thirdly it sees that it is not just Brazil where it has problems with regulators.
I noted in my prior piece that whenever Phorm seems to be getting any traction at all in a territory those darned regulators just shut it down. The UK, the US, the EU, etc, etc, etc. But there is always the same pattern of hype (pre fund-raise) and then disappointment.
Right now Turkey and China are in the hype phase. But what are the odds that the regulators will act there at some stage. Maybe the US, the UK, the whole of the EU and Brazil was just a fluke? So let’s look at last year’s hype story …Romanian, birthplace of Mr Nastase, the coolest tennis player in history.
According to Phorm’s latest RNS:
3974 days ago
I realise this may not win me many friends among the Daily Mail reading classes but I need a new waitress as Real Man Pizza Company in Clerkenwell is opening up a new venture in its basement area from February and if you are reading this in Romania and Bulgaria today feel free to get in touch.
Naturally I shall advertise in the UK as well. £6.50 an hour or whatever the minimum wage is. 30 hours a week. Job waitress and also plongeur. She needs to be presentable. To like very hard work, to be numerate and to speak good English. Notwithstanding the need to be numerate and to speak good English a few products of the UK Comprehensive schooling system will be qualified.
But will they apply? Like hell they will. You see I have done this before and young Brits would rather live on welfare/go to a crap former poly to study a worthless degree than go get a job which involves hard work and pays the sort of wage an unskilled less than 20 year old can expect to get as a first job. If they work hard they can expect to earn more in due course, I am a fair employer.
But folks. You always start at the bottom.
What the immigration loathing wolf-whistlers of UKIP and the Tory right fail to realise is that the Romanians/Bulgarians are not taking jobs from Brits but are needed to do the jobs Brits refuse to take.
I shall give home grown talent the chance to apply. But since I know from bitter and hard experience that this is doomed I also make this offer to our friends in Transylvania, Sofia and Bucharest. If you want to work hard, improve your English and have the skills I want we want to offer you a job. Can you start February 1?
3985 days ago
I never thought I would be writing this but I suppose it had to happen eventually: I find myself agreeing 100% with what our thoroughly deranged Business Minister Vince Cable had said. The man is just bang on the money. The subject is immigration.
Cable, who I accept is mad as a hatter 99% of the time, says that the Tories are running scared of UKIP and so are engaging in wolf whistle politics on the subject of Romanian and Bulgarian immigration after Christmas. As Cable, Call Me Dave Cameron, the frightful Theresa May and Nigel Farage all know full well, the numbers arriving here will not be gargantuan. None will be able to claim benefits for quite some time and so those coming here will be those willing and wanting to do low paid jobs.
British business needs such folk because our welfare system is far too generous and so has created a whole layer of society which is fit only to undertake unskilled/low skilled labour but refuses to do so. In making that point Cable is again bang on the money. The Business Secretary understands that for GDP to grow as it should we need these immigrants.
The facts are:
4014 days ago
Why did I rise to the bait of a twitter fight with UKIP loons regarding immigration? Paul Nutter UKIP’s deputy Fuhrer is on C5 News tonight ranting on about how we will be swamped with millions of Romanians and Bulgarians on 2nd January.
What Nuttall does not say is that Romanians already here, on average, pay 34% more in taxes than they take in benefits, which is a far better ratio than native born Brits. Romanian workers are good news for Britain. What Mr Nutter also declines to mention is that folk arriving in 2014 will not be able to claim a single cent in benefits for at least a year. So they will take the low paid jobs Britain needs to fill if it is to compete.
Aha…they are stealing British jobs. So goes the chant from UKIP followers on twitter.
Bollocks.
4314 days ago
It is quite clear that, as things stand, anyone in Romania or Bulgaria will be able to celebrate New Year’s Day by coming to live in Britain. We are after all brothers in arms in the EU. Given that the average net wage in Romania is £275 a month, with many earning far less, while in the UK families can trouser up to £500 a week tax free on benefits you do not need the brains of Lloyd George to see what is going to happen next. Yet our political elite seem either not to care or not to have an answer and so they resort to lies and smears.
Is it unreasonable for you and I to object to the idea that Romanians and Bulgarians will in very large numbers make a sensible economic choice and move to the UK? Are we racists for objecting? Of course not. The fact is that the UK has mammoth debts and is running a huge budget deficit. So having to pony up vast amounts in benefits for folks from out East is beyond our means. We cannot afford it. This is not an argument about race simply basic economics. Britain is going bankrupt and this could accelerate that process.
