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By Tom Winnifrith, The Sheriff of AIM | Friday 30 October 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
John Meyer of SP Angel today admits that he has been analysising resource companies wrongly for years. Having looked at UK Oil & Gas's (UKOG) Horse Hill data, John has stumbled across the new science of Leni-Maths. John writes:
We realise we have been calculating reserves and resource all wrong for many years now.
There are other more complex statistical models like Kriging, polygonal, inverse distance techniques for the computation of reserves and resources.
SP Angel analysts have been experimenting with Leni-Maths and have concluded this is a far more convenient and economic method of statistical computation
Today’s trial goes as follows:
Leni-Maths; we noticed 25 Chinese visitors in a shop earlier today and the shop is around 50 sq ft in floor area
The United Kingdom is almost exactly 2.6222 trillion sq ft according to Google, which knows all things
Our Leni-Maths computation calculates that there should be some 1.3111 trillion Chinese visitors in the UK today based on our small statistical sample.
Each Chinese visitor spends on average £2,688 per visit with at least 20% of that going to the UK government in the form of tax receipts
Leni-Maths tells us that £2,688 x 1,3111 trillion visitors x 20% tax = £704 billion
The UK national debt is £1.6 trillion => Leni-Maths indicates to us that the number of Chinese visitors in the UK should repay the national debt within a couple of visit
Leni-Maths is Genius and we hope the Nobel Prize committee will consider this breakthrough in statistical mathematics
John says that he does not want the Nobel prize personally but thinks that it should go to the man responsible for this breakthrough in advanced mathematics, the man himself, Mr David Lenigas.
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