The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I thought that The Dear Leader said that shareholders would be retiring in the Bahamas at $55 a barrel of oil or some figure around that. The only one likely to be retiring there off gains from UKOG is SS (praise be his name).
Troajan,
Bloomberg's Money Distilled email has the headline 'Higher for longer' today:
Last night, the most important central bank in the world – the Federal Reserve – made its latest decision on interest rates.
Everyone knew that the Fed had no intention of cutting rates. The data in the US on both the economic and the inflation front has consistently been too strong for that. (John Authers has a lot more on the detail of the US economic data behind the decision here.)
What investors were really looking out for was the tone. Although markets still expect rate cuts this year – even if it’s just one – the fear has been starting to creep about an absence of cuts, or even a hike.
https://www.bloomberg.com/news/newsletters/2024-05-02/what-the-federal-reserve-interest-rate-decision-means-for-uk-markets
Assura might take a little longer?
GF holds 50 million shares = circa £32k.
GF was paid £208k in the last set of accounts.
He has 2 months worth of wages of the stock in the company he runs.
He did not take part in the last placing.
The company will continue to do placings when required as the company is an exploration company.
How is having so little skin in the game whilst earning more than the PM a sign of "very careful custodians of the group's resources". Maybe, just maybe, he should earn half of his remuneration in shares and show more faith in the company he runs (as should the rest of the BOD).
Trek,
It is a very serious problem due to the extensive use of nanoparticles in tyres; these particles are so small that they can pass through blood vessel walls, cell walls etc. The long-term health impacts are unknown... and of course, it all ends up getting into the water system and then the sea. Claude summarises it as
Q - explain the use of nano particles in bus and truck tyres and how this contributes to pollution
A - 'Nanoparticles are increasingly being used in the production of bus and truck tires to improve their performance and durability. However, the use of nanoparticles in tires also raises concerns about their potential contribution to air pollution.
The primary use of nanoparticles in tires is in the form of nanofillers, which are added to the rubber compound during the manufacturing process. Some common nanofillers used in tires include carbon black, silica, and clay nanoparticles.
1. Carbon black nanoparticles:
Carbon black nanoparticles are widely used in tire manufacturing to enhance the mechanical properties of the rubber compound, such as abrasion resistance, tensile strength, and tear resistance. These nanoparticles improve the tire's durability and extend its lifespan.
2. Silica nanoparticles:
Silica nanoparticles are added to tire compounds to improve the tire's rolling resistance, which can lead to better fuel efficiency and reduced emissions from vehicles. However, silica nanoparticles can also contribute to the generation of particulate matter (PM) during tire wear.
3. Clay nanoparticles:
Clay nanoparticles, such as montmorillonite, are used in tire compounds to enhance the barrier properties of the rubber, which can improve the tire's resistance to air permeation and extend its service life.
While nanoparticles can improve tire performance, their potential contribution to air pollution is a concern. During the normal wear and tear of tires, nanoparticles can be released into the environment as part of the tire's particulate matter emissions. These nanoparticles can then be inhaled by humans and animals, potentially causing adverse health effects.
The contribution of nanoparticles from tire wear to air pollution is an active area of research. Some studies have suggested that tire wear particles, including nanoparticles, can contribute to PM emissions, particularly in urban areas with heavy traffic. However, the exact impact and potential health risks of these nanoparticles are still being investigated.
To mitigate the potential environmental impact of nanoparticles in tires, researchers are exploring alternative materials and manufacturing processes that can reduce the release of nanoparticles while maintaining or improving tire performance. Additionally, proper tire maintenance and responsible disposal practices can help minimize the release of nanoparticles into the environment.'
'On the basis of the factors identified in the above paragraph, the Directors believe there are material uncertainties which may cast significant doubt upon the entities ability to continue as a going concern.'
£16m m/cap???????????????
A podcast with Eric Topol (Scripps Institute) and Aviv Regev (Roche): "The Revolution in Digital Biology"
https://erictopol.substack.com/p/aviv-regev-the-revolution-in-digital
Might be of interest to anyone interested in biotech... Roche spends around $15 billion a year on research; little minnows are up against it.
From a newsletter I subscribe to for news about Africa:
'The valuation of OPay, one of Africa’s largest fintech startups operating in Nigeria and Egypt, has risen to nearly $3 billion, according to Opera, the Chinese-owned Norwegian technology company that was one of its early investors.'
https://www.semafor.com/newsletter/04/30/2024/ai-africa-opens-new-battlefront-china-us
I did not know that the Opera browser was Chinese owned; I use some Opera extensions on my Chromebook...
Long Time article
https://time.com/6972021/donald-trump-2024-election-interview/
Trump 2.0 would not be good for the global economy (unless you have debt at fixed interest rates that inflation will eat into).
'It looks as if West Andover was presented to Alba as an opportunity'
What will they do when a marvellous bloke offers them an option to earn into a Vibranium mine? A cynic might wonder if any of the BOD have family in Australia or are thinking of emigrating and quite fancy having flights to the other side of the world paid for by AIM shareholders on a regular basis...
No mention of Copper in the BBC article... As far as I am aware their is a planned carbon cap on imported stuff being introduced. China just building more coal power plants to refine copper concentrate is not going to end well for them.