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https://edition.cnn.com/2022/09/07/politics/f-35-deliveries-halted/index.html

(CNN)The Pentagon says it's temporarily stopping deliveries of Lockheed Martin Corp's F-35 aircraft after learning from the manufacturer an alloy made in China was in a component of the stealth fighter jet, violating federal defense acquisition rules.

The Pentagon said a magnet containing the alloy used in part of the integrated power package posed no security issue.
"We have confirmed that the magnet does not transmit information or harm the integrity of the aircraft and there are no performance, quality, safety, or security risks associated with this issue and flight operations for the F-35 in-service fleet will continue as normal," Defense Department spokesperson Russ Goemaere said.
The Pentagon said Lockheed Martin has already found an alternative source of the alloy for future deliveries.
The company voluntarily reported the non-compliance, and a review is underway to determine how it happened. The Pentagon did not disclose how many aircraft deliveries are now delayed or how many had the Chinese alloy. The company is scheduled to deliver up to 153 F-35s in 2022 and has delivered 88 so far.
The F-35 is one of the world's most advanced fighter aircraft. The US operates hundreds of the jets, which come in three configurations, the conventional take-off and landing F-35As, flown by the Air Force; the Marine Corps' F-35Bs, which can land vertically; and the F-35C, configured for aircraft carrier operations.
"We are working with our partners and DOD to ensure contractual compliance within the supply chain. The magnet has no visibility or access to any sensitive program information. The F-35 remains safe for flight and we are working with the DOD to resolve the issue as quickly as possible to resume deliveries," Lockheed Martin said in a statement. The alloy is used in a system manufactured by Honeywell for Lockheed Martin.

NdPr perhaps?
ATB
Caribs

BCB,
Well put; having spoken with you on numerous occasions, I can confirm that you’re an open book, welcoming all views…..like the rest of us….

Agree Dan; but this is clearly a reflection on him proving that he is delivering and eminently capable.
Congratulations Rupert

Agree Fairview

I’m not sure I agree with that at all. I think that applies to your personal timescale and opinion, not necessarily the rest of us shareholders.
Main market is why I’m invested.

Hi Molokai,
It’s unlikely they can in any way determine $ from an early stage drill result. It needs significant analysis in order for it to be JORC compliant, hence why they don’t. That said, reflect back to the primary goal of LAM and it’s the proving up, initially, towards 1M Oz resource. Ask DTM what his thoughts are on our value when we have reached that.
This is slowly and surely developing into a business which expects to find 1m Oz, but on its journey, has found a potential shed load of easily accessible REE, which has the added potential of helping funding for the JV, alongside a JV partner which is uniquely placed and experienced to handle the clay separation. Winner.
In terms of triggers, the MRE for Clarke is, I hope, going to send this back to the high 3’s. Announcing the JV (depending on its format) should see this towards mid 4’s-5’s, and when the mining plan is agreed (18-24 months minimum from now), we should be seeing some healthy upticks as the Jorc compliant continues to grow.
My opinions alone.

And for those who appreciate the cricket analogy in respect of Clarke https://youtu.be/GsDSYSIBSYI

Caribs

No idea…..the stasi have clearly deemed it too much fun….

This is only the results from Clarke, right?
There’s even more results to come from Barnes and White Tank and, of course, IOCG targets 1-3.
It looks like Clarke may continue to deliver economic recovery grades and form a ‘bed-rock’ (ptp) of our future mining activity.
The 75% earn-in can only be just around the corner…..happy days!
GLA
Caribs

Good post BCB,
Thanks!

Indeed Michael! Exciting times

Haven’t really been active for a bit- had my head in a couple of commissions.
Have, however, noticed the significant lack of volatility in this SP; to be expected, naturally, but really pleased to have started to exploit volatility elsewhere, meaning I can keep buying here. Simple ain’t it….

Hope you’re well Old Man? ;-))

Little red dot…..

Measuring your IQ?

Cheers Troajan
Nice little plug….

Happy birthday BCB
A blue day on your special day. All good signs.

Lol ?? Michael!
All great reasons. We’ve been waiting for ADI funding for two years!
Oi DTM…..did you get out of the grumpy side of the bed this morning? ;-))

Indeed Telegraph
This will pop….but the market is fickle. It certainly seems to me that short term interests override long term value, at least with explorers. The jigsaw, is not complete, but for those with a patient head who can see the puzzle develop, it will likely reap rewards of magnitude here.
Ask Michael, patience, patience, patience.
I’m still sat on a lump of over 1.1%, happy with this and holding, holding, holding.
Timescale may have inadvertently shortened as a result of the near surface REE, making this economic resource of Au/NdPr, even more attractive to a wider audience. Crikey, the Gold is potentially looking like the icing, rather than the cake! Who would have said that 18 months ago?
Hey ho. Back to building a pizza oven….

The summer solstice brings the sunshine to warm up the snake’s skin.
Outstanding RNS.
Big smiley sun today!
GLA holders

Just managed to scan the sustainability plan.
Immediate take is that Cobra board recognise the following:
1. The operation us gearing up towards mine development
2. The sensitivity of the land upon which we operate is paramount.
3. That cobra is gearing up for larger FM Investors to be attracted to commit their cash.

All feels positive

Caribs

Morning BCB
Agree.
“The considered approach the Company is taking ensures cost efficiency whilst providing high-value multi-element results and de-risking the planned follow-up RC drilling.”
As ever, the plan chips away towards its target.
Not expecting any real uplifts today, but one day, the collective progress is all going to finally add up to those on the sidelines…..and then it’ll be a bun-fight to get in. As ever, I’m holding and gradually building.
GLA
Caribs

Thanks troajan