Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Hmmm, to think the majority of us all have been assuming that all this 'cloak and dagger' dealing in Greatland shares over the last couple of years has been by JPM on behalf of Newcrest.
But since Newcrest said no thank you to increasing its stake in Havieron back in August after its delaying tactics and with Sandeep packing his shovels and off to pastures new, maybe this has been JPM's game all along ???
Bit far fetched, hmmm......it just so happens the ten largest shareholders of Newcrest are Yanks, quelle surprise !!!!!!!!!
Nah, can't be.........can it ??
Bit more meat on the bones as it were :-
https://www.afr.com/street-talk/newcrest-mining-digs-in-for-m-and-a-talks-calls-in-advisers-20230205-p5chyr?utm_term=Autofeed&utm_campaign=nc&utm_medium=social&utm_source=Twitter#Echobox=1675566942
So just seen on the news that Blinken has cancelled his trip to China as a result of a Chinese 'spy balloon' moving across the USA !
So why not shoot it down then ?? Well, they can't do that as Goldman Sachs & Co. are too busy at the moment in the market trying to close their Gold shorts !!
Cowards the lot of them !!
American Banks up to their usual nonsense once again and trying to close shorts before Putin sends in the big guns in a few days time !!
Annoying as they once were Guy Gittins has just ordered 350 Minis for his staff. Expect to see a lot of them whizzing around London again !!!
He's obviously expecting good times ahead !
Well it has been said by a couple of us on here that Gold would play a dominant role in the future of money and with Russia and China always a step ahead of everyone, well it looks like its happening now, here's an extract from the link pasted below:-
'Russian President, Vladimir Putin, is close to finalizing Asian trade settlement in gold. This move will cause enormous chaos for the West and will also rock world markets as gold is brought back into the monetary system by the great chess master, Putin. '
https://kingworldnews.com/putin-is-close-to-finalizing-asian-trade-settlement-in-gold-that-will-rock-global-currency-markets/
And within the RNS announcement just out :-
'Jack is an experienced financial services executive with over 30 years of investment banking, mergers and acquisitions, and financing experience. He served previously as Chairman of Barclays Telecom, Media and Technology Investment Banking business and was most recently a Non-Executive Director of Euromoney Institutional Investor PLC. '
Mergers & Acquisitions ?
And just to add, there's been more volume in Foxtons shares by lunchtime today than there was for the whole of yesterday no less !!!
Yep you're right there Stumpy, it was Jeremy Hunt whom capped social rents at 7%, the private sector landlords are free to do whatever they like although many cases are now being referred to either the Ombudsman service or the Leasehold and Valuation Trust (LVT).
What Foxtons also has in its financial weaponry is that the fact that thousands of these new residential tower blocks that have gone up across the whole country and have been in state of limbo due to the cladding crisis and failed fire/safety regulations imposed by the government since the horrific event at Grenfell, well now subject to the correct paperwork residents can now finally sell !!
So with many residents sitting on huge negative equity and are desperate to get out not being able to afford a massive service charge (some have been landed £100,000 for their share of costs !), you can see an avalanche of these flats coming to the market in the next few months.
And who will benefit..................estate agents !!!
So Foxtons whilst telling the world and his wife that sales will be down this year, hedge funds and the like are looking to pick up housing stock as they're sitting on piles of cash looking for the next opportunity.
If I'm seeing this further down the line, I can imagine the big players are also seeing this and whilst I would like to see my capital grow, I have a feeling as I mentioned before that Foxtons will be snapped up sooner rather than later !!
Thanks for the post there Stumpy, here's what the Torygraph printed this morning about rentals :-
'Landlords now demanding record £3,000 rent in London – and prices could rise further
Pain for renters continues as 2022 sees second-highest annual rent growth on record
Landlords are asking for a record high rent of £1,172 per month, according to property portal Rightmove, as experts warn rents will keep on rising.
Rent in the capital also reached a record high of £2,480 a month in the fourth quarter of last year, with inner London rents surpassing £3,000 for the first time, according to latest figures.
Last year saw the second-highest annual rent growth ever recorded, with average rents for newly listed properties up 9.7pc outside London. This comes after 2021 saw the largest year-on-year increase of 9.9pc.
In further bad news for renters, Rightmove predicts that asking rents across Britain will rise a further 5pc in 2023 because of the ongoing imbalance between the number of those looking to rent and the number of rental properties available.
Although there are signs that competition between tenants has begun to ease, with available properties to rent in December up 13pc compared with the same period the previous year, the predicted rise in rents will nonetheless far outstrip the pre-pandemic average.
Tim Bannister, of Rightmove, said: “Although the fierce competition among tenants to find a home is starting to ease, it is still double the level it was back in 2019.
“Letting agents are seeing extremely high volumes of tenant enquiries and dealing with tens of potential tenants for each available property.”
Mr Bannister added: “There appears to be some more property choice for renters compared to the record low levels of last year which would slightly ease the fierce competition to secure a home.
“This is why we’re forecasting that the pace of annual growth will ease to around 5pc by the end of the year nationally, although this would still significantly exceed the average of 2pc that we saw during the five years before the pandemic.”
Competition has dropped by a third since the peak in September of last year, when the gap between rental stock and tenant demand was at its most acute, and is down 6pc compared with last year.
Wales and the South West have seen the biggest increases in properties to rent, with rises of 15pc and 13pc respectively. In these areas, asking rents have consequently dropped by 1pc, the first quarterly drop in any region since the beginning of 2021.
However, in the South East, four property ‘hotspots’ have seen annual rental price rises in excess of 15pc. In High Wycombe, Buckinghamshire, average asking rent has soared 20pc from Q4 2021, to £1,281 per month.
Nice.
That will do for me, added a few more.
Keep calling them down and I will gladly pick them up !!
Just picked up another 25,000 shares on decent volume. Over 100 trades and over 1m shares turnover so far, and that beats most days average volume figure !
Someone's keen !!
Looking good, no shocks and horrors !
Wouldn't mind adding a few more on any pull back.
Havieron, the gift that keeps on giving !!
I've lost count of the positive updates but lets go for 26/26 !!
So with Davos 2023 out of the way and all the usual 'high fiving' and 'back slapping' done for another year and more of the 'same old, same old' nonsense, it was worth reading some of the lesser broadcasted news, you know the stuff the media and news outlets don't want us all to know about.
If anyone still doesn't know the reason why Gold Bullion moved up over 20% in the last few months (are you still living under that rock ?), well not only last year alone but the US Banks and their FREE QE Dollars have continued to manipulate the price of the asset down in the paper market (its easy to do for them) whilst at the same time picking some of the real stuff in the open market !! Easy money, ching ching !!
But talk about backfiring, look at who has been benefitting the most as well as being the biggest buyer of Gold Bullion in the last few months courtesy of the US Banks and their price manipulation, yes you guessed it.............CHINA !!!!
China have picked some 30 tonnes of Gold a month alone over the last Quarter thanks to the US Banks driving the price down, nice one !
Is this now the prelude to the new currency backed by Gold that Russia, China, Iran, Saudi Arabia and India have been in long talks about and is now coming to fruition much sooner than we all thought ?? And is this why the US is poking its nose into these countries affairs more rigorously and attempting to 'ruin' these economies by driving down their respective currencies against the US Dollar as they have done with most countries around the world whose currencies are pegged to the USD, just look at Lebanon for an extreme example, now some 50,000 Lebanese pounds to 1 US Dollar !!!
Well, it looks like the penny has finally dropped and countries around the world have realised that because the US FED can print Dollars at a drop of a hat (some 80% of US Dollars in existence have been printed since 2020, i.e. some 15 or 20 trillion Dollars or so, no-one knows for sure or will ever know), it basically means and as I have been saying for the last few years, the US Banks have no risk any more and can do whatever it takes in order to retain the dominance of the US Dollar.
Whilst Biden tells the whole world that the US economy is in its best shape ever, the behemoths of US industry and the Global monopolies of Google, Meta, Apple, Twitter etc. are all laying off staff left right and centre, the US Housing market is in tatters (coming to the UK this year !!) and the US Debt to GDP over there is around 125% no less !!!
The Davos meeting allowed some countries to seek out other disenchanted countries about the role of the US Dollar and its detrimental effect to their respective economies and with crytpo a bit too volatile for the time being, it could accelerate the role of Gold as a safe haven as well as its backing of a digital currency.
This is a great article for Sunday afternoon reading :-
https://www.truthandaction.org/23-countries-now-abandoning-us-dollar-2/
Yet another reason why Gold is the 'go to' asset in these uncertain times :-
'Crypto lender Genesis filed for bankruptcy (https://www.coindesk.com/business/2023/01/20/genesis-global-files-for-bankruptcy-protection/) during the late U.S. hours of Thursday in what it called a “strategic [action] to achieve a global resolution to maximize value for all clients and stakeholders and strengthen its business for the future.”
Amongst its creditors are names that would be familiar to observers of the crypto industry. Genesis owes Gemini Trust Company (https://www.coindesk.com/business/2023/01/10/dcgs-barry-silbert-talks-about-genesis-in-letter-to-shareholders/) (Gemini used Genesis as a vehicle for its Yield product) $766 million; trading firm Cumberland DRW $18.7 million; Crypto-fund Mirana (which has invested in ByBit) $151.5 million; MoonAlpha Finance (the team behind Babel Finance) is owed $150 million, and VanEck’s New Finance Income Fund $53 million.
There are also a number of creditors that have been redacted. An unknown creditor is owed $462.2 million and another is owed $230 million.
Ouch !!
$1930 !!
Nice.
No RNS share buy-back since 12th Jan ?
Trading statement must be due then or is it something else ??
Hmmm.........
:)
More carefully 'fudged' figures coming out just now with inflation indicators pointing South.
Bad for the US Dollar but great for GOLD !!!!!!!!!!!
Well for most people, but not for us. The stock hasn't budged since the bell first thing this morning, appears to me like the UK market makers are too afraid to do anything with the US markets closed for holiday and the risk of upsetting JPM !
Pathetic !