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https://www.kitco.com/news/2019-07-10/Gold-Prices-Rally-As-Fed-Chairman-Leans-Easy-Cites-Uncertainties.html

Gokd back over $400, up at $408 currently...

The future looks golden here.

You would think gold had plummeted and the gold, copper etc had disappeared mysteriously. You would think the majors had sold up and left. I see this a golden opportunity currently..

Last 6 months? Update was in April? Or not..

Glencore does not care about actual products, it is a trader and miner.

Worked fine for me.

Gold back above $1400 after the US data blip on Friday. All it needs is a spark here to start the inferno. Which major will move first?

https://m.miningweekly.com/article/iron-ore-disconnected-from-fundamentals-after-huge-rally-2019-07-04/rep_id:3861

"Iron-ore 'disconnected from fundamentals' after huge rally

4th July 2019 BY: BLOOMBERG

SINGAPORE – First, iron-ore hit $100 a ton, then it raced straight to $110, and now spot prices are well north of $120: the commodity’s rally has been so strong it’s triggering warnings that the gains have taken the market beyond fundamental drivers and prices are likely set for a pullback. Futures tanked.

“Prices are disconnected from fundamentals at the moment,” CRU Group senior analyst Erik Hedborg said in an interview from London, citing improving global supply and expectations that mainland steel consumption may soften. “We are rather bearish on Chinese steel demand for the second half.”

Ironveld RNS today, potential sale of its project...

"The Company holds unfettered rights to 56.4 million tonnes of magnetite ore, which the JORC compliant mineral resources demonstrates holds 1.4 billion pounds of Vanadium (the equivalent to four times annual global demand), 27 million tons of High Purity Iron in situ and 8.3 million tonnes of titanium. The Project ore body is near surface, enabling simple, open cast mining. The current resource does not include mineralisation on the Luge Farm prospecting right which is near to the current JORC resource and which is yet to be defined but is believed to have the same geology. The Company believes that given the potential size of the resources that a sale of the Company's mining rights may be in the best interest in the development of the project and the highest value to shareholders."

Will BMN respond? Fingers crossed.

Even though the primary listing purpose may not be to raise funds, it may still actually be a beneficial 'side effect' (bonus) for the company.

.. why it took so long to test, imo. Knew all along?? Unbelievable.

Odd RNS. At the last update impression was given that EPP decision was to be soon...now-ish. Total backtrack. Why? Glencore not interested? What else is going on? Buyout, port?? This is either boom or bust and either way could be a looong hold.

Oops, not quite as advertised, Pointe Noire port actual mention. Sorry :)

http://www.adiac-congo.com/content/interview-jean-claude-gakosso-la-cooperation-sino-africaine-va-modifier-le-cours-de

"Interview. Jean-Claude Gakosso: "Sino-African cooperation will change the course of history because its approach is unprecedented"
Wednesday, June 26, 2019 -"

"On the sidelines of the meeting of coordinators on the implementation of follow-up actions of the Forum on China-Africa Cooperation, held June 24-25 in the Chinese capital, the Minister of Foreign Affairs, Cooperation and Congolese The foreigner spoke with Les Dépêches de Brazzaville about the future of the China-Africa relationship. Jean-Claude Gakosso underlines the convergence of views between the two parties as well as the dynamic approach of this unprecedented and mutually beneficial cooperation. Interview."

"LDB: What are, to date, the priority projects of Sino-Congolese cooperation in economic terms?

JCG: We are planning to rehabilitate the Congo-Océan Railway which is not only the backbone of our national economy but also that of the sub-region. The other project that is close to our hearts is the special economic zones, which are backed by the port of Pointe-Noire, which is one of the largest deep-water ports in the entire Gulf of Guinea. We are also working to interest the Chinese in the construction of the Sounda dam (Kouilou), to face one of the difficulties we face, including our energy deficit, to build a real and sustainable development of our country."

## Good to see this in print, not just SEZ but specific mention of port! Plus IMF meeting soon, this could be the time it actually all comes together??

https://www.businesslive.co.za/bd/national/2019-06-25-rumours-are-wrong-says-pravin-gordhan-eskom-will-be-unbundled/

Rumours are wrong, says Pravin Gordhan — Eskom will be unbundled

Trade unions argue the proposed split will not solve Eskom’s governance and debt problems
25 JUNE 2019 - 20:32 BEKEZELA PHAKATH

Here is the good bit in the article..

"In his speech, Gordhan indicated that SA will need to ramp up procurement of renewables. “How do we reduce our dependence on nonrenewable sources of energy, reduce carbon emissions, introduce new carbon capture and battery technology,” the minister said."

Well, the company is worth peanuts currently. EPP go ahead decision should add value..

Had a look at Fevertree drinks (FEVR) over the weekend..

Mcap £2700m
PE 45x
Profit last year 62m

And Fevr is down by about half at its peak.
That may well be correct for a growing great business, but what the feck do you make of BMN mcap and valuation?? Weird world! Nuts!

TA is not a prediction tool, but gives you some idea of probability, that's all.

If it was me, I would not panic sell at this point..

1. Look at 5 year chart, currently sp slap-bang on rising support line of multi year lows.
2. Strongly oversold at this point (RSI), due a bounce soon
3. Placing was at 15p, that would be a more natural level for the sp to be attracted back to.

The above points are no guarantee, but balance of probability. Nothing is 'proven' chart-wise until it breaks out of the current downward channel.

"they have the means to make things happen"...that is the problem, they haven't. Glasenberg called Zanaga "option value" and we have heard absolutely nothing to the contrary since. Maybe when he retires in a few years.