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If MARS business model were that of simply a large collection of pubs in the centre of towns then I'd agree with you. However, it's not. MARS are first to acknowledge that the desirability of these outlets is waning, and has shifted focus to family friendly eateries on the outskirts of town. Yes, a collection of centred pubs still operate, but the growth for MARS is coming from the 'two for one' type outlet. From personal experience, the two for one' just down the road from me is almost always packed. I don't deny that the weather has an impact on business over a wet summer, but families/groups are still clearly heading out to eat/drink in droves. Likewise, I'm still seeing the likes of hobgoblin, pedigree etc well positioned on supermarket shelves. Many over the years have said the industry is on its last legs, yet it's still here, and keeps evolving. I'm confident.

Taken a handful more today at 1.05. GNK not doing the sector any favours, But I'm confident we'll see a better performance from MARS on the next trading update. July's update from MARS was a stark contrast to GNK's today.

Anyone know of the press speculation? I haven't seen any..

Beat me to it TBTT!

Long term price for uranium currently sitting well over $30/lb, and BKY have agreements in place for offtakes at $43/lb average. Spot price means very little. BKY will be selling uranium for well over $40/lb when ops get up and running. That said, I can't see spot staying at these low levels between now and then either.

http://www.telegraph.co.uk/business/2017/08/30/uranium-miner-berkeley-energia-wins-93m-backing-oman/amp/

Fantastic news. Salamanca fully funded to production, combined with an unprecedented demand for uranium going forward makes this a very comfortable long term winner for me. Multi billion dollar company in 2-3 years.

Trading halt in Aus

Videos of the presentations available early next week, apparently.

https://www.brrmedia.co.uk/broadcasts/598daab39ec769224a42afe3/horizonte-minerals-interim-results

Super podcast. With the nickel pipeline drying up, HZM have the most advanced development stage nickel asset around. Tier 1 in terms of size and grade, and undoubtedly will be a target for the big boys as the nickel price strengthens and applications such as electric vehicles grow.. At todays nickel price, HZM will throw off 2x current market cap in free cash flow!

Here's the link: http://tinyurl.com/y6v7zt9r

https://www.**********.co.uk/blogs/motif-bio-mtfb-strategic-minerals-sml-horizonte-minerals-hzm-connor-campbell-alan-green/

Horizonte Minerals* (CORP) Interim results Horizonte has released interim results for the period to 30 June. It continues to make good progress with the Feasibility Study for its Araguaia nickel project in Brazil. Following significant progress made to date this year, the study is now at an advanced stage, with a number of the principal work streams over 50% complete for a 14,500tpa ferro-nickel operation with a 28-year life of mine. We retain our medium-term target price of 8p. Martin Potts 020 7220 0544

The Company held cash balances of GBP5.6m as at the end of period, meaning we are fully funded to complete the Feasibility Study and beyond. Macquarie recently noted that "nickel use in batteries could more than double over the next 10 years from around 70kt to close to 160-170kt As we move into the second half of 2017, Horizonte is well positioned to take full advantage of the positive sentiment in the nickel market as the Araguaia feasibility moves into the final phase. The value of Araguaia, comprising high grade and resource size will only increase as it is further de-risked A Tier 1 asset such as this will no doubt attract the attention of nickel producers for whom the development pipeline is bare. Meanwhile we look forward to updating you as we progress this project for maximum benefit for our shareholders.

https://www.cnbc.com/amp/2017/08/03/reuters-america-update-1-asian-battery-makers-eye-nickel-top-up-as-cobalt-price-bites.html SEOUL, Aug 3 (Reuters) - Soaring cobalt prices are prompting Asia's top battery makers to tweak the recipe for lithium-ion batteries used to power electric cars and mobile phones - reducing the amount of cobalt and adding more nickel. With forecasts for electric vehicle (EV) battery demand to jump 20-fold over the decade to 2025, manufacturers are looking to cut back on more expensive components. Cobalt has more than doubled in price over the past year on strong demand and a supply shortage.

Throw in the fact that battery developers (including Tesla) are trying to find ways to replace cobalt use with further nickel, and it becomes even more compelling. That's not to say cobalt isn't going to be in demand - of course it is, but with cobalt generally being a by-product of nickel extraction, it makes sense to focus on nickel as the primary target..

Simply a matter of patience. This seller is presenting us with a superb opportunity to load up at silly prices. Copper price heading north, the metal itself becoming increasingly short in supply worldwide, as it's applications increase. In the meantime CAML keeps churning it out, paying us all a dividend in the process. Patience will be well rewarded here over the medium term, imo.

Small buys paying a premium at the moment. Bit of a no brainer here, given the nickel outlook. Buy and be patient..

Could Emma Walmsley be preparing to make her first acquisition as boss of GlaxoSmithKline? The pharma giant, off 2.5p at 1525.5p, is running the rule over a US drugs company called United Therapeutics, City sources said. United, which is listed on Nasdaq with a $5.5 billion (£4.2 billion) market value, has treatments for pulmonary arterial hypertension (PAH), a condition where arteries in the lungs can become blocked, leading to high blood pressure and heart failure. http://www.standard.co.uk/business/market-report-city-chatter-puts-glaxosmithkline-in-9-billion-race-for-us-drugs-firm-united-a3604171.html?amp