Member Info for FoamingPig

Has the major customer hedged their cost of raw material against the recent rise in the price of iron?
$4m is a lot of material to buy in advance.... or to sell.

I don't now remember how I found my way to this investment, but I am glad I am here now, and more impressed with our BoD. Having my largest shareholding go up 15% last week was nice!

Bloomberg article on crude prices

What has happened with the price of iron (magnetite) since SML signed most recent agreement?
It seems unlikely the customer will want to default if they still need the stuff.

Looking at the list of potential recipient charities, I expect to be sending five pounds to a charity I know little about. I am interested in seeing my donation pooled with those of others for the purpose of funding a specific project or unmet need. If feasible I would designate my contribution as for a "Hurricane" fund, with the hope that a certain oil company and her executives might be pleased to contribute as well. What are your thoughts?

As a US PI, my tax advantaged accounts won't let me trade directly on foreign exchanges. I realize I am usually paying slightly more for the 100:1 ADR than the equivalent London price, but the change in the exchange rate since last June when I started buying helps a little. Lack of liquidity? oh well Not thrilled about my investment's short term performance, but I figured I was gambling with money I wouldn't touch for 20 years, and would not have to pay tax on gains at that point. And yes, Donny Small Hands and his crew could stuff the economy up so bad they change the tax laws on me by then... And no, I am not complaining about the reduced price of shares.

From LRB https://www.lrb.co.uk/v40/n07/letters "... the most recent Index of Deprivation rates Cornwall as the second poorest region in the whole of Northern Europe. According to recent figures, 17 neighbourhoods in Cornwall are among the 10 per cent most deprived in England. Our infrastructure is crumbling and central government appears to have few plans to make improvements or to drive significant business investment our way. It takes on average longer than five hours to get to London by rail from Truro. Newquay, the only airport, provides a limited service to the rest of the UK and Europe. The main industry is tourism � seasonal and weather-dependent. After Brexit, prospects for a revival of our fishing industry appear bleak. Thousands of new houses are being built, but where will people find meaningful work?"

I wonder what the "actual market value" of those diamonds will turn out to be?

https://static1.squarespace.com/static/556b381ce4b061dc075fe46b/t/599ad97ee45a7ccab7320bd0/1503320446656/NR170821+Cobalt+re+Hochschild+%28FINAL%29.pdf and silver?