Member Info for nomlungu

Is that the name of your stand-up routine?

Why Labour must free the weed. Legalising cannabis seems an open goal for a government determined to raise cash for public services, ensure social justice and improve public health.

https://www.theneweuropean.co.uk/why-labour-must-free-the-weed/

It would be one way to get public opinion a bit higher.

'Russian soldiers on a buggy ran over a sapper who was trying to warn them about mines on the road.'

https://x.com/wartranslated/status/1860663784680931654

Dumb fools...

I had not seen this story from 5 days ago:

https://www.reuters.com/world/china/chinas-export-tax-bombshell-rocks-aluminium-market-andy-home-2024-11-18/

"China's announcement that it will end tax rebates on exports of aluminium semi-manufactured products caused market mayhem on Friday and may have major long-term ramifications for the global aluminium supply chain.

The Shanghai price sank and the London price surged as traders factored in the potential annual loss of over 5 million metric tons of Chinese products in the international market... The Ministry of Finance's elimination of the 13% VAT refund effective Dec. 1 also applies to exports of copper products."

Much more aluminium is exported than Copper but they have excess Copper refining capacity and the competitiveness of that capacity will be hampered by the ending of the tax breaks. The Chinese GOV is feeling the squeeeeze...

Nearly 350 word?

Grow up and get over it. And maybe reflect on the way that the Conservatives ran down the economy to the extent that $unak called an election early... one he knew he was going to lose. He wanted out as fast as possible because the true state of the economy was going to have to be confronted by the next Gov no matter who they were.

$unak took the cowards way out.

BHP Insights: how copper will shape our future

https://www.bhp.com/-/media/project/bhp1ip/bhp-com-en/documents/news/2024/240930_bhpinsights_howcopperwillshapeourfuture.pdf

"Shareholders still believe in the underlying potential of Supply@ME Capital"

The Dear Leader will be delighted that his disciples still have faith; I expect he will reward the faithful with another opportunity to average down.

#Praise_Be

The bag of diamonds must be worth a few quid; 3p is just ridiculous.

HEMO - spike in the morning to near 2p; collapse to under a penny at 1pm after they announce consolidation to help raise more dosh. Those happy people this morning done half their money with the promise of a [discounted?] placing to come.

The UK exports more services than goods; the infographic is for Goods Exports

https://www.gov.uk/government/statistics/uk-trade-in-numbers/uk-trade-in-numbers-web-version

And you wonder why $unak called an election early and left a steaming pile of 5h!t for Labour...

AI for Science Forum | The Royal Society

https://www.youtube.com/playlist?list=PLqYmG7hTraZBwZQwCxzIlsyFxC3WKH_Ii

Some interesting videos

Some will find these videos interesting

https://www.youtube.com/playlist?list=PLqYmG7hTraZBwZQwCxzIlsyFxC3WKH_Ii

JD Sports - they still have a margin of nearly 50%. The Chinese will be coming for them [Temu]. And, what happens to their business model in the US when Trumpenomics imposes HUGE tariffs on imports from Chinese actors?

Do not be that surprised if Trumpenomics means that other US partners can choose between imposing similar tariffs against the Chinese or face the same regime for any trade with the US.

'Anyone Can Buy Data Tracking US Soldiers and Spies to Nuclear Vaults and Brothels in Germany'

https://www.wired.com/story/phone-data-us-soldiers-spies-nuclear-germany/

And the same will go for our military, police etc [and everybody who has location data etc enabled]. And what are our Overlords doing about it? Probably diddly squat.

ArcelorMittal halts all DRI steel projects in Europe.

https://www.abvvmetaal.be/nl/nieuws/arcelormittal-gent-onzekerheid-over-beloofde-miljardeninvestering-vergroening

[In German so use Google Translate]

DRI (Direct Reduced Iron ) is produced by reducing iron ore in solid state using carbon monoxide and hydrogen, typically derived from natural gas or coal. The process removes oxygen from iron ore without melting it, resulting in a highly metallized product that can be used in steelmaking.

Steel is a target for green hydrogen - this might have a knock on effect on the whole hydrogen industry.

Annual accounts out; conservative NAV is 29p; current SP is sub 10p. I know funds trade at a discount to NAV, but a 66% discount is ridiculous.

Current midpoint 9.75p; conservative fully diluted NAV 29.1p. Shares are at a 66% discount to NAV.

From the Annual Accounts: "Ascendant Resources Inc. currently recognizes the obligation value of this put on its balance sheet as US$6.158 million in its most recent publicly filed financial statements"

$6.158m = £4.86m; current m/cap is £3.6m. There is a significant disconnect between the share price and underlying assets.

High Noon in Mexico - Chinese Cars Pour In, Rattling The USMCA

https://newsletter.dunneinsights.com/p/high-noon-in-mexico

The Dunne Insights Newsletter is a good read; Mexico will need to impose high tariffs; where will the vehicles go?