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"Q1 output was well below 1/4 of FY production expectations". I've just checked the RNS, and this is not true.

You'll have it by Christmas

If there's a deal with Iran, gold and miners will rip. The market clearly thinks there might be. Trita Parsi of the Quincy Institute is quietly optmistic. https://www.youtube.com/watch?v=R5EFxSMXlwQ&t=111s

Impressive that although gold has been falling, MTL has been rising over last few days. Some pundits reckon the miners will lead gold into the next leg up.

ALTN dropped 10% in early afternoon trading yesterday. What was that about?

Https://x.com/Its_ereko/status/2048303690465870285?s=20

China and Mozambique just struck a major minerals deal. Graphite. Lithium. Rare earths. Key for EV batteries and renewables. Beijing will fund local processing plants, rail lines, power networks, and industrial corridors.

Also, China is short of tungsten itself, and won't be exporting no matter what happens in the trade war. (Detente likely after May summit, but I reckon it won't affect tunsgen supply in the West much).

Source in the tungsten business says China is tightening export controls on tungsten and other critical minerals and rare earths, not so much to deprive West but to secure own supplies

Got in just below 900p

Oh, we're going to have a nice short war are we? How do you figure that?

If as seems probable the war goes on for a few more weeks and oil keeps rising, gold will further crash to the 3000s. Gulf states are selling gold to make up for lost oil income. Of course, at some stage down the track it will bounce back, but BBB's short would have done very well....

With Trump attacking countries all over the place and China likely to keep tightening supplies, war metals and rare earths seem a no brainer. They'll have their ups and downs, but are pretty well recession-proof I reckon

Duh, JAN to go to double *figures* = x4

Yes, but the overall market could well crash in the next few months. Everything will fall.

TACO

DB explicitly said in his presentation there is a problem with the electricity supply, and getting the govt to act is a slow business.

More important, gold and miners will drop in the market correction that's already in train in the US, then in H2 the Fed will drop rates fast and increase the money supply just in time for the midterms.

Buy in here some time in H2, but not before the electricity supply is sorted

No mention of the repeated and extreme hiking of margin requirements by Comex in December and January, like in the seventies. This doesn't protect traders, it crashes the price.

Alternatively, TACO Trump is doing it again

Rumours re talks between US and Iran in Turkiye