Member Info for nomlungu

'Iranian news agency Mehr posted a tweet saying airspace over Tehran was closed and then quickly deleted it. Now they're calling it fake news.'

https://twitter.com/BNODesk/status/1778184210152628481

Not a good sign...

The Washington Post Hawks have their say; I say they are signalling they think these are legitimate targets

https://archive.ph/9G3ui

'Nuclear deal in tatters, Iran edges close to weapons capability

Six years after the Trump administration withdrew from the Iran nuclear accord, Tehran is rapidly accumulating enriched uranium, some of it very close to weapons grade. Experts fear that a bomb could be a short dash away.'

Not good

https://www.thedailybeast.com/us-intelligence-warns-of-imminent-iranian-strike-on-israel-report

I think Bibi will use any retaliation by Iran as an excuse to bomb their nuke facilities, which would start a regional conflict. And if I think that, then the Iranians will know that any retaliation they take could have disastrous consequences.

A mini cooper?

Adrian, do you ever get tired having to open new accounts?

Still falling

https://www.google.com/finance/quote/DJT:NASDAQ?hl=en

-9% at the moment

I remember when it used to bounce around 10p... then around 5p... now around 1p. The run up to the elections in ZA this year is not an environment that is likely to make miners there shine. Zuma plotting a Trump like comeback just makes the situation worse.

From 2023 accounts:

'The impairment charge for the year relates to the Greenlandic project Inglefield Land (£199,000) plus the write down of the Company's investment in Horse Hill Developments Limited by £785,000.'

So why TF is ocelot posting about a 'more generous valuation of Horse Hill by the market' when the company wrote the value down itself the following year? Anybody who places any credence in what ocelot posts ought to think long and hard about why he selectively choses what and when to post.

Gold will shine a little brighter as the speed / time of interest rates fade into the future.

Interesting Bloomberg newsletter today: "Money Distilled: Japan's gold rush"

https://www.bloomberg.com/news/newsletters/2024-04-10/bank-of-japan-s-interest-rate-moves-and-the-record-price-of-gold

Key paragraphs to me

Anyway — the wider point is that maybe it’s not the US economy or even the Federal Reserve that matters most right now for gold.

Instead, argues Gave, gold bulls should be warily watching the Bank of Japan for signs of it turning hawkish, thus strengthening the yen. “For now this doesn’t seem to be in the cards. But this is probably the greatest risk to the unfolding bull market in precious metals,” he wrote.

Other risks include a crackdown by China on its citizens buying gold, or the potential for the burgeoning Chinese equity market rebound to attract savers back into local stocks, neither of which he sees as hugely likely.

In short, says Gave, “the bull market in gold is being driven by events in the East, not the West. And if it ends, it will likely be because of events in the East.”

They go on YouTube as well... just give it a bit of time

https://www.youtube.com/@InvestorMeetCompany/videos

Will they need to rely on Ice Roads in Winter to ship in production equipment? Maybe not a good idea with global warming...

https://www.cbc.ca/news/canada/sudbury/ice-roads-northern-ontario-temagami-bear-island-1.7091021

https://www.northernnews.ca/opinion/climate-change-is-affecting-the-ice-roads

rocky,

it is good news - the improved results are from a co****r grind and a simplified flowsheet using samples from the pms zone, which will be targetted early in the project. lower costs and higher recoveries are a double win, making the potential mine significantly more valuable just at a time that the copper squeeze has started.

EST has done an Investor Meet presentation this morning... The GUV there made the comment about BHP liking Kazakhstan from the perspective of 'Infrastructure led Exploration'. An excellent term as they have a copper target in an area with concentrators and smelters with spare capacity [even tailings capacity).

Starts production this year in Finland

https://newatlas.com/energy/varanto-seasonal-thermal-energy-storage/

Licences already granted under the previous 33 licensing rounds will still be honoured under Labour's plans; they will just stop granting further licencing rounds. Saying that they will 'block new production' is wrong, and the author of that article probably knows it.

https://ukerc.ac.uk/news/keir-starmer-hasnt-really-called-time-on-north-sea-oil-and-gas-heres-why/

From the last set of annual accounts - they said they had already started discussions on the next placing.

'The Directors are continuing to explore sources of finance available to the Group

and based upon initial discussions with a number of existing and potential investors they have a reasonable

expectation that they will be able to secure sufficient cash inflows for the Group to continue its activities beyond

the 12 months from the date of approval of these financial statements.

The Company carries out regular fund-raising exercises in order that it can provide the necessary working

capital for the Group. Further funds may be required to finance the Group’s work programme. The Board expects

to continue to raise additional funding as and when required to cover the Group’s development, primarily from

the issue of further shares.'

The Final Delta IV Heavy: ULA Launches the NROL-70 Mission

https://www.youtube.com/watch?v=L3y92WAYZdI

From today's Bloomberg BoP article:

'With China also ramping up its military spending and increasing cooperation with the Kremlin, security officials say that to keep pace, the US and its allies may need to push their defense budgets back to Cold War levels.

That would consume as much as 4% of gross domestic product. If the US and the rest of the Group of Seven were to do that, it would amount to some $10 trillion of additional outlays over the next decade, according to analysis by Bloomberg Economics. It would be a boon to defense companies, yet would severely affect public finances.'

https://www.bloomberg.com/news/newsletters/2024-04-09/the-world-is-entering-a-new-arms-race-with-wars-in-ukraine-and-gaza

The world will become even less secure when Putin is gone... all those Nukes without a Strongman / Democracy is not what markets will like.