Member Info for horizonglow

Must be a cash raise. Note in the half yearly:

Material Uncertainty Related to Going Concern

As referred to in Note 2b to the interim financial statements, the financial statements have been prepared on a going concern basis. As at 31 December 2024, the consolidated entity had cash and cash equivalents totalling $450,842 incurred a net loss after tax for the half year of $1,398,011 and incurred net cash outflows from operating activities of $1,069,648. As stated in Note 2b, these events or conditions, along with other matters as set forth in Note 2b indicate that a material uncertainty exists that may cast significant doubt on the consolidated entity's ability to continue as a going concern

Silver Prices Expected to Rise, Aided by Rally in Gold Prices, ANZ Research Says

March 18, 2025 at 12:49 am EDT

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Silver Prices Expected to Rise, Aided by Rally in Gold Prices, ANZ Research Says

(MT Newswires) -- The price for silver is up 17% to $34 per ounce this year and silver prices are expected to stay volatile, boosted by the rally in gold prices, ANZ Research said in a Tuesday note.

Prices for both metals face intensifying geopolitical and trade uncertainties, as well as easing monetary policy. The gold-to-silver price ratio is hovering around an historic high of 90 to one. Silver is expected to trade within the range of $34 per ounce to $36 per ounce in the short term.

Flows into exchange-traded funds are expected to turn positive, as elevated geopolitical uncertainties, rising gold prices, and supportive fundamentals encourage investors to seek undervalued haven assets such as silver.

Gold prices recently hit a milestone price level of $3,000 per ounce. ANZ Research analysts raised the 0-to-three-month price forecast to $3,100 per ounce and the six-month forecast to $3,200 per ounce.

A tight physical market is expected to persist for the fifth consecutive year, although the deficit is expected to narrow in 2025.

Improving manufacturing activity in China is another supportive factor for silver demand, per the report. Industrial demand is likely to be resilient despite tariff-related headwinds.

The US is a net importer of silver, and Mexico and Canada account for over 70% of total imports. This will make it difficult to find alternative sources, keeping physical premiums high in the US, according to the report.

Investment demand will be crucial for raising silver's price, the analysts said.

Gold Miners' Shares Trend Upwards As Gold Prices Jump to New Record

March 18, 2025 at 01:28 am EDT

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(MT Newswires) -- Gold miners rose in trading on Tuesday, after gold prices jumped above the $3,000 mark and hit a new record on Tuesday.

Newmont's (ASX:NEM) shares jumped 3% on market close on Tuesday.

Meanwhile, shares of Evolution Mining (ASX:EVN) were flat with a positive bias, and Northern Star Resources (ASX:NST) rose 1% on close.

Gold prices hit a record high of $3,015.70 per ounce earlier in the day and continue to hover above $3,000.

SC, anyone can see a simple mistake - not USD but GBP.

per charles archer.

alien metals

ufo is getting there. yesterday’s rns brings alien one step closer to being granted the mallina tenement adjacent to han****, with the nyiyaparli people consenting to two of the three applications in the existing mining agreement.

the native title objection period remains open, but following discussions with native representatives, alien now expects no objections.

the company is starting an initial field reconnaisance mapping exercise to test the new asset for iron ore - and given the ease of mining han****, i remain of the view that it’s only a matter of time before a deal is reached.

however, before this happens, a different joint venture regarding elizabeth hill is expected to be signed, sealed and delivered by the end of q1 - and this should come with a significant cash component.

as a reminder, the elizabeth hill silver mine has a pre-jorc compliant resource of circa 4.05moz of silver and in the past was once australia's highest-grade silver mine.

over 1 million ounces of silver was produced in 1999-2000 from a shaft and on-site processing plant before the mine was closed during a dispute between the previous joint venture partners back in 2000. the mine is now 100% owned outright by alien, and prior historical drilling has been compiled into a secure geological database.

the main silver mineralisation is located south of the volcanogenic massive sulphide anomalism, which has been targeted with several historical reverse circulation holes. it lies on a structurally controlled fault contact between granite and ultramafic rocks, with the main zone of mineralisation plunging steeply to the south.

drilling of the interpreted parallel structures is almost certainly the plan once the deal is inked.

it’s also worth noting that elizabeth hill has previously recorded values of up to 2.09% — and alien thinks it could also add gold, platinum and palladium credits to the resource through further exploration.

get a jv over the line with a cash component, and then sort out han**** - and one hopes that the share price will sort itself out.

(Reuters) - GE Aerospace on Thursday forecast profit for the current year above estimates, as persistent shortage of new aircraft forces airlines to fly older jets, creating strong demand for its high-margin parts and services.

The company also announced plans to increase its share buybacks to $7 billion in 2025 and dividend by 30%.

Production challenges at Boeing and Airbus have resulted in longer wait times for airlines to take delivery of new jets, prompting them to operate older, maintenance-intensive aircraft to meet demand for air travel.

That has helped companies such as GE Aerospace, which typically sells its engines to airlines at a discount and recovers the costs through lucrative contracts with airlines for parts and services over the lifespan of the product.

Profit at GE Aerospace's commercial engines and services segment rose 44% to $2.16 billion on revenue of $7.65 billion, which was up 19% from a year earlier.

The company's commercial engine division gets more than 70% of its revenue from the sale of parts and services.

The aerospace manufacturer holds a dominant position in the jet engine market through CFM International, its joint venture with France's Safran SA.

The company expects 2025 profit in the range of $5.10 per share to $5.45 per share, compared with analysts' average estimates of $5.23 per share, according to data compiled by LSEG.

However, GE Aerospace continues to grapple with supply chain constraints, which have led to delays in jet engine deliveries over the past year.

In October, GE reported that these supply issues were affecting the shipment of engines for both narrowbody and widebody jets.

GE Aerospace reported an adjusted profit of $1.32 per share, compared with 65 cents a year ago.

The company's adjusted revenue for the fourth quarter ended Dec. 31 rose 16% to $9.88 billion.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva)

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Potentially good news and for BAE.

Germany ready to sell Eurofighter jets to Saudi Arabia — minister

January 08, 2024 at 01:58 am EST

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(Alliance News) - Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom.

Germany, Britain, Italy and Spain jointly build the jet and each can veto deals.

Berlin has blocked one deal, sought by London, since 2018.

"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists on a trip to Israel, in which she highlighted the Saudi role in the Middle East security crisis since the eruption of the Israel-Hamas war on October 7.

Germany has blocked arms sales to Riyadh since the 2018 murder of dissident journalist Jamal Khashoggi in the Saudi consulate in Istanbul.

That includes blocking a deal for 48 Eurofighter jets signed by Saudi Crown Prince Mohammed bin Salman in London.

Baerbock noted that Saudi Arabia and Israel had "not renounced their policy of normalisation" since war broke out.

"The fact that Saudi Arabia is now intercepting missiles fired by the Huthis at Israel underlines this, and we are grateful for that," she added.

"The fact that the Saudi air force also uses Eurofighters in this context is an open secret," the minister continued.

"Saudi Arabia is a key contributor to Israel's security, even these days, and is helping to stem the risk of a regional conflagration."

Eurofighter Jagdflugzeug GmbH is owned by Airbus SE, BAE Systems PLC and Leonardo Spa, who all own a minority stake.

source: AFP

Potentially good news and for RR.

Germany ready to sell Eurofighter jets to Saudi Arabia — minister

January 08, 2024 at 01:58 am EST

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(Alliance News) - Germany is ready to allow sales of Eurofighter jets to Saudi Arabia, Foreign Minister Annalena Baerbock said Sunday, having for years blocked arms deals with the Gulf kingdom.

Germany, Britain, Italy and Spain jointly build the jet and each can veto deals.

Berlin has blocked one deal, sought by London, since 2018.

"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists on a trip to Israel, in which she highlighted the Saudi role in the Middle East security crisis since the eruption of the Israel-Hamas war on October 7.

Germany has blocked arms sales to Riyadh since the 2018 murder of dissident journalist Jamal Khashoggi in the Saudi consulate in Istanbul.

That includes blocking a deal for 48 Eurofighter jets signed by Saudi Crown Prince Mohammed bin Salman in London.

Baerbock noted that Saudi Arabia and Israel had "not renounced their policy of normalisation" since war broke out.

"The fact that Saudi Arabia is now intercepting missiles fired by the Huthis at Israel underlines this, and we are grateful for that," she added.

"The fact that the Saudi air force also uses Eurofighters in this context is an open secret," the minister continued.

"Saudi Arabia is a key contributor to Israel's security, even these days, and is helping to stem the risk of a regional conflagration."

Eurofighter Jagdflugzeug GmbH is owned by Airbus SE, BAE Systems PLC and Leonardo Spa, who all own a minority stake.

source: AFP

Ridiculous! how to kill a market.

A ridiculous spread in the circumstances!

Contacted Richard Bennett this afternoon, who to his credit responded very quickly. Understandably a brief message but conveyed that in his view the priority was to resume trading and with the publication of the required reports (Annual Reports and Accounts) the requirements of the HKSE will have been satisfied, and a resumption of trading should be possible. He did also say that contacting Ivy Xu the Company Secretary was the best course of action. The email address he gave for Ivy is the same you provided(thank you), so I shall do that.

Do you have contact details for either of Richard Bennett or Ivy Xu?
Thank you.

I spoke to a person in the HK office early tgis morning who indicated the Company hoped to update the Market this week or next. For information the Company Website can be found at ZKTY.COM.

I have written on several occasions to the following secretary@zkty.com.cn as indicated on the Company Web Site, but no response. I have also followed up with a complaint on the treatment of shareholders to the Hong Kong Stock Exchaneg Compliance Section .

We'll have to wait and see.

Nothing to add to what has already been posted re the specifics of CNEL but came across this on 4 Traders which includes elements perhaps bearing positively on the the suspension and going forward if CNEL within its ambit.

* HK->Shanghai Connect daily quota used 0.8%, Shanghai->HK daily quota used 2.3%

* China vows to crack down on illegal securities activities

SHANGHAI, July 7 (Reuters) - China shares rose on Wednesday, with the new-energy vehicle sector leading gains, as the government stepped up supervision of Chinese firms listed offshore and announced new measures to protect the rights of investors.

** At the midday break, the Shanghai Composite index was up 0.44% at 3,545.65 points while the blue-chip CSI300 index added 0.88%.

** Leading the gains, the sub-index tracking new-energy vehicle makers and suppliers jumped 5%, the rare earth sub-index surged 4.75% and the healthcare sub-index rose 2.68%.

** The smaller Shenzhen index was up 1.33%, the start-up board ChiNext Composite index was higher by 3.25% and Shanghai's tech-focused STAR50 index was up 1.96%.

** China will upgrade law enforcement on illegal activities in the securities market such as financial fraud, insider trading and market manipulation, its cabinet said on Tuesday.

** The country will also step up supervision of Chinese firms listed offshore, days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global Inc on the heels of its U.S. stock market listing.