focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Kinzinger, 45, fears that the ex-president’s return to Washington may signal the beginning of the end of American democracy.
“Are we going to have an election four years after Trump? Probably. Is the person who gets the most votes going to win? Probably. But the only thing self-governance needs to survive – you don’t have to agree on jack squat except that you can vote, your vote counts and whoever gets the most votes wins – that’s the only contract you need among Americans."
“He’s already convinced 30 to 40% of Americans that the system is rigged and so there’s nothing that makes me think for his four years in office he’s not going to continue to undermine faith in that system. And when that is permanently undermined, democracy’s over. It literally cannot survive that way.”
He goes on to suggest that Ukraine would likely lose the war with Russia if Trump were to be re-elecetd.
https://www.theguardian.com/us-news/2024/feb/22/adam-kinzinger-trump-interview-republicans
Perhaps a return to local classifieds and car boot sales or American style yard sales is the answer.
Meet people, share stories about your goods, wholesome, no tax man.
Specialist websites sometimes run their own classifieds sections for higher end items, and are not required to report to HMRC.
Ebay are going to require national insurance details from all sellers, with automatic reporting to HMRC if over 30 items are sold or sales exceeded £1750 per annum.
People should be able to sell a few unwanted items, that in some instances might otherwise become landfill, without having to complete a self assessment tax return.
NVIDIA earnings - volatility expected.
To put the level of implied volatility into context, consider Nvidia closed just above $725 per share as of the last trading session. Option straddles (which consist of a combination of a put and a call option) that expire on February 23rd, two days after the earnings announcement, cost roughly $80. In other words, a trader who wants to bet on a large move in the stock over the earnings release needs the stock to either rise above $805 or fall below $645 to break even on the trade. That is equivalent to an 11% swing in either direction - a huge expected move.
KIST still moving up.
AXL steady, without looking at the chart - holding above around 20ish is key.
Malcy penned an unusually lengthy write up on the pair yesterday. Glowing praise for both.
I would copy over, but the post would be huge so link instead.
https://www.malcysblog.com/2024/02/oil-price-kistos-arrow-predator/
Sasha on the AI stocks, NVIDIA etc.
https://www.youtube.com/watch?v=GYmUQ7vgYyQ
Https://www.theguardian.com/us-news/2022/oct/18/lithium-mining-nevada-boom-car-battery-us-climate-crisis
A picture of the evaporation ponds can be seen lower down the page.
"The mine draws its lithium via a network of 22 enormous ponds that hold briny liquid that has been pumped in from underground. The brine evaporates out vast expanses of salt as it bakes under the piercing Nevada sunshine, eventually separating the lithium within.The salt accretes to 10ft deep in places as the brine is cycled around through the ponds, becoming denser the further it goes."
The recent low and support is at around 8.25p
That's also where it opened at this morning. So bulls looking for it to hold and close above 8.25. Personally i wouldn't be surprised to see it dip a little lower tbh. However, the next obvious support is quite a drop.
The news isn't catastrophic by any stretch, its really a culmination of errors in delivery that has forced management to proceed at haste in order to meet certain licencing requirements.
They are due to drill again soon, which offers upside. However, the main target has been significantly downgraded in the recent Independent Technical Report from around 200m to around 20m of possible gas bearing sands. Still significant, but obviously less so.
Kim Jong Un observing his troops on parade, to the sound of the Bee Gees.
https://youtu.be/QbC6dLG_dQY?t=12
Morning Kenny.
Worth checking this from a former U.S President on Soviet cars.
https://youtu.be/mN3z3eSVG7A?t=20
HZM
Yeah, think you posted about them yesterday nom?
The preliminary results of the review indicate that the estimated capital required to complete the construction of Araguaia, commission the project and deliver first metal is approximately US$454 million. As a result, the Estimate at Completion ("EAC") currently stands at US$1,004 million, approximately 87% higher than the previously disclosed capex budget.