Member Info for nomlungu

Bloomberg article: "BHP Mega Bid and $10,000 Copper Expose Mining’s Biggest Problem"

https://www.bloomberg.com/news/articles/2024-04-28/bhp-mega-bid-and-10-000-copper-expose-mining-s-biggest-problem

This stood out: "One key challenge is that new mines take years and often decades to build, and so decisions need to be calculated based on whether copper prices far in the future will justify the investment."

Any large low cost deposits that can be exploited before the end of the decade must be starting to attract more interest if they are in an area with existing infrastructure that has spare capacity.

Bloomberg article: "BHP Mega Bid and $10,000 Copper Expose Mining’s Biggest Problem"

https://www.bloomberg.com/news/articles/2024-04-28/bhp-mega-bid-and-10-000-copper-expose-mining-s-biggest-problem

This stood out: "One key challenge is that new mines take years and often decades to build, and so decisions need to be calculated based on whether copper prices far in the future will justify the investment."

This is where EST are well positioned; the infrastructure they will require already exists, and the deposits they are targetting should be low cost and quickly exploitable. They could be producing by the end of the decade, which is a remarkably short time period for any exploration company.

Some deaths in car crashes are attributed to seat belts and airbags... We must go back to driving around in Model Ts; none of this newfangled malarkey of seatbelts or airbags... And don't get me started on so-called 'safety' glass!

Not all CEOs have so little skin in the game; less than 1 months wages 'makes me superstitious'.

🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌🚩🔻❌

They are looking closer to home... to the porous border with Northern Ireland.

CEO only has £11k in shares; she earns that in less than a month.

Do you see the problem for anyone tempted longer term? Even makes trying a trade a bit dicey as they will be keeping on raising cash as fas as I can see.

FT article for evi

https://www.ft.com/content/1bed7cee-14d4-464b-a71c-5cafe4a978fe

===or===

https://archive.ph/YhWOf

Top Tory MP defects to Labour in fury at NHS crisis

https://www.theguardian.com/politics/2024/apr/27/top-tory-mp-defects-to-labour-in-fury-at-nhs-crisis

$unak is said to be seriously considering calling a GE next week... got to get the paperwork in before the local election results?

'But notice has to be given of the AGM so, under AIM rules, it is not a requirement for the AGM to be held within 6 months.'

But what about the requirements of the Companies Act - did UKOG get a free pass?

'CATL's 1,000-km LFP EV battery super-charges at 1 km/sec'

https://newatlas.com/automotive/catl-shenxing-plus-1000-km-lfp-battery/

Stop on the motorway, use the loos and buy a snack... 10 minutes later you have enough charge for over 300 miles. The biggest problem is going to be storing electricity at motorway service station so that supply and demand can be matched. There may be a role for redox flow batteries?

Every public company must hold a general meeting as its annual general meeting in each period of 6 months beginning with the day following its accounting reference date (in addition to any other meetings held during that period).

https://www.legislation.gov.uk/ukpga/2006/46/part/13/chapter/4/2009-11-06?view=plain

'Investigations and prosecution of alleged offences under the Companies Act may be conducted by the police and the CPS, the Department for Business, Enterprise and Regulatory Reform, the SFO or the Serious Organised Crime Agency, depending on the seriousness of the alleged offence and the manner in which the relevant behaviour came to the attention of the authorities.'

https://www.bindmans.com/legal-services/individual/fraud-and-white-collar-crime/companies-act-offences

Just a fine... many would prefer jail time. But you could report the offence to the Old Bill if you are annoyed enough with the lack of action by The Dear Leader (praise be his name).

Agenda Free covering the Nebraska tornados

https://www.youtube.com/watch?v=l2MJImqgvek

Must be a mother xxxxing storm for Steve to cover it.

And if ANGS went up by 800% it would still be down over 5 years; what is the point that ocelot is trying to make?

Maybe Suzy has managed to save enough from her generous wages to buy the lab out of administration if this goes to the wall.

'Commodity bull markets move a little, at first, then all at once!’

Ouch?

Blue will appreciate this article

https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/

And it is not just gold and silver as secondary minerals; many others are sometimes found in economic quantities.

EST has tweeted out a link to this article from last week:

https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/

Whilst the article suggests secondary metals of gold and silver they also sometimes contain economically recoverable amount of molybdenum, rhenium, tungsten, lead and zinc. Secondary metals can significantly enhance the economics of low grade resources.

But, identifying where in the deposit those resources are takes time (and money) and does metallurgical testwork so this will take years (but not decades as some deposits would).

Bloomberg article with links to other stories

https://www.bloomberg.com/news/articles/2024-04-25/why-copper-shortages-could-threaten-the-energy-transition

Konstantin on the arrest of Timur Ivanov

https://www.youtube.com/watch?v=y12WsjuNnbk

He reckons it is a BIG deal... The guy was in charge of tens of billions of $ of contracts and lived a billionaire's lifestyle; being arrested for a $10k bribe does not add up.

I think the significance of BHP's bid for AAL to EST has been missed by the market. BHP are clearly looking to find Copper assets before one of the other majors snap them up. It is early days, but the Snowy tenement has an 18 sq kn silica lithocap which is indicative of a large porphyry copper deposit.

These deposits do not need to be high grade to be economical... And BHP have very deep pockets to dip into if the exploration results warrant further significant investment.