The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Sky reported this morning the Hungarians received Russian uranium today and an embargo would be a red line for them.
The Germans and others seem to be dragging their heels re Russian fossil fuels too.
Anything other than a complete embargo on all Russian stuff is unconscionable though.
All good things I guess.
Re MKA's rutile:
30/9/21...results show geological similarities to saprolite-hosted rutile mineralisation recently discovered on the adjoining Sovereign Metals licence to the east.
So it's encouraging to hear today that that's where the largest natural rutile deposit ever discovered is.
There was clearly good interest from a broad range of investors.
Special Crossing completed to clients of Argonaut Securities that include several specialist natural resources funds and a broad array of high-quality investors, based in Australia and overseas
https://www.proactiveinvestors.co.uk/companies/news/978780/sovereign-metals-confirms-kasiya-natural-rutile-deposit-is-the-largest-ever-discovered-978780.html
Hope we've got as much rutile as SVML. It would be nice to be told.
Must be a garden path. Well done to Raquel and muchachos for doing their bit to lead Spain up it.
Looking at this latest ipcc thing, I hate to think what Spain will come up with next. Maybe spend millions building a couple of CO2 extractor fans in Salamanca.
I said "otherwise". So I reckon either TA's buying (I agree news less likely if so), or others are buying, anticipating news which might be coming.
Nice rise. Anderson buying perhaps. Similar pattern to last time he bought. Notification coming perhaps.
Otherwise maybe news coming. Here's hoping.
Doesn't look like it, but shouldn't take up have been 100%?
The ask stayed above 1.3p after 9 March and went over 2p at times. At the very least shareholders could have funded their guaranteed open offer entitlement by selling some shares over 1.3p and pocketed the difference. Free money. Same shareholding at the end of the process.
None of us is getting any younger and this unlawfully delayed project needs to get going.
We shouldn't lie back smiling with our legs apart. Casteljon and his co-conspirators have got funny smiles on their faces and need stopping.
I don't agree BKY should take these unlawful reports and decisions lying down. They're doing the right thing vigorously defending their/our position. The legal opinions are very bullish. So we hope to win (and hopefully recover costs too) then progress. If CSN and the government change, great, then just withdraw proceedings, but waiting hoping for that to happen wouldn't be the right strategy.
Let's see if the administrative appeal is successful. It should be if BKY and their lawyers are right, although you can't second guess the outcome.
Failing that we'll have to wait for change at CSN and the government.
Keep slurping the soup in the meantime.
If the CSN and government need an honourable climb down, they could take and publish legal advice (which would no doubt reflect BKY/Freehill's position) and say in the interests of law and democracy they're reluctantly permitting the project.
The current Spanish government have brazenly flouted the law to stymie BKY's project, so may well also be capable of buying Russian uranium in roubles (front or back door like you suggest) in their insane approach to all this. Their EU leanings might prevent this though. France and Germany are baulking at buying gas in roubles eg.
I suspect the late bky sp rally today reflected market concern that other commodities from Russia like uranium might have to be bought in roubles now too.