Member Info for formerlyeasyp

Raised money but at a 5% discount and dilution of long term holders.

A bit annoyed but providing they pour metal in Q4 I can live with it.

FT.com today:

A simple statistic shows why mining group Rio Tinto has set its sights on becoming the next king of copper: an electric car needs 42kg of the metal — almost three times more than a traditional combustion engine vehicle.

This has helped dub copper “the metal of electrification” with demand expected to double to about 50mn tonnes annually by 2035 as the world transitions to cleaner energy for cars and industry, according to Wood Mackenzie.

However, the consultancy also forecasts demand for the metal is likely to outstrip supply as soon as 2026, prompting miners such as Rio to re-evaluate their long-term strategy for copper.

“I think there are new frontiers we’ve got to try,” Dominic Barton, chair of the Anglo-Australian group, told the Financial Times in Ulan Bator, the Mongolian capital.

Rio, which derives the majority of its profit from iron ore production, is considering more spending on exploration and processing of copper. It is also developing new technology to extract metal discovered decades ago but thought too deep or risky to mine.

Some of the world’s biggest mining groups, such as Australia’s BHP, Swiss-based Glencore and Newmont of the US, are also weighing up plans to expand their production of copper, which is used in car batteries, electric motors, charging infrastructure and underwater cabling to supply power to homes.

Interesting, HL unable to fill a buy for DEST a few mins ago so left a fill or kill order. Momentum still upwards on rumours and hype but I would like to see a positive RNS on the science we are all backing or failing that more buying from Institutions. I get a warm secure feeling when I know that a professional investor has done some research and bought into a company I have a stake in.

Https://www.telegraph.co.uk/news/2023/07/31/starmer-to-be-humiliated-by-global-retreat-from-net-zero/

"But sooner rather than later, Keir Starmer will himself have to face up to the reality that the tide is turning on net zero. As prime minister, the likelihood is that he will be condemned to follow through on what Sunak has controversially started.

His mentor, Tony Blair, has already turned up the pressure. In an interview last week, the former PM started to lay the groundwork for a net-zero row-back on the centre-Left, warning that the public should not be asked to do a “huge amount” on climate change when China is emitting so much."

Https://www.lse.co.uk/rns/EDR/update-on-pl081-pedl347-7w55c225kmojohk.html

Patience, not my strong point but I can sense a political change of direction from Desperate Downing St.

https://on.ft.com/47pozxp

I believe a few on shore gas fields will be developed maybe not Balcombe but others follow Cuadrilla and franchises like EDR. Moves are afoot to change UK energy policy. One cold winter will do the trick imo.

If you go onto the company website you can ask investor questions.....as I just did re Balcombe because there is no official news as yet. If I get a response will let the board know.

Progress but does this biz have the working capital to deliver a gas field?

Go ahead from Sweden = share price re rating imo

Getting mining permits from any African State v long winded and frustrating.

Niger coup might help matters along in Africa.

Uxbridge by election says your are wrong.

The political enthusiasm for Net Zero lunacy fast waning in Westminster. The lazy MP morons who failed to apply common sense and object to any of it becoming a legal obligation (how many of them are experienced engineers or scientists) now need face saving measures and phrases to change course. The Reform UK Blue Bus had a central heating slogan on it last year I think?

Https://www.lse.co.uk/rns/TERN/statement-re-share-price-movement-82cviu3ji6vtuyg.html

They own 27% of a company which was contracted to Space X hence their sp doubled on the news.

Https://thehealthcaretechnologyreport.com/the-top-25-healthcare-technology-coos-of-2022/

Strangely Huw and the EVG management do not get a mention.....but at number 7 the chap now running DEST does and that is one of my other bio tech punts.

I sold my last shares this morning and have walked away with a loss but remain interested in the science that EVG was pursuing. I intend to keep an eye on the business and see who buys up the compound as they may see it it through into a marketable drug.

Https://world-nuclear.org/information-library/country-profiles/countries-g-n/niger.aspx

The management I agree might be shysters who promise jam next week but the coup in Niger and instability might encourage someone to make a bid for AURA by way of insurance.

Https://world-nuclear.org/information-library/country-profiles/countries-g-n/niger.aspx

Amused to read that a Spanish Company has a 10% stake in one of the mines!

Resident who?

You mean the green boxes?

I thought the nutritional side might be a handy income stream but from here it is all about cancer and FDA like approvals. In reality if the drug shows promise beyond Phase II/III trials then a joint venture or bid the more likely imo.

Not great news, has the sp drop of recent weeks been rumours of this in the pipeline?

CIZ has lost its FIZZ and I am wondering if this will be another YGEN?

Specifically, it bumps along the bottom for a while and then is bought out for not much.

As it happens the successful bidder for YGEN has been on a good run in the past few weeks so bare in mind if you get screwed by a low ball bid.

Https://www.globaltimes.cn/page/202303/1287406.shtml

Or put another way, China sells off US paper because the $ looking less attractive with a BRICS currency based around a commodity on the way this month and uses the cash to buy assets like copper/titanium mines?