Member Info for nomlungu

As at 30 November 2025, unaudited total group liabilities (including amounts due to the Offtake Partner under the Offtake and Prepayment Agreement of $46.568 million including unsettled interest of $11.9 million) amounted to $62.143 million, of which group trade creditors including unpaid salaries amounted to approximately $15.035 million.

#OUCH

Https://www.londonstockexchange.com/news-article/PREM/corporate-update/17367623

Debt of $60m; m/cap now

Https://boomsupersonic.com/flyby/ai-needs-more-power-than-the-grid-can-deliver-supersonic-tech-can-fix-that

https://boomsupersonic.com/flyby/ai-needs-more-power-than-the-grid-can-deliver-supersonic-tech-can-fix-that

I know that old GE engines are being repurposed to generate electricity; this is the first time I have read about new gas turbines being deployed.

Farage may be in hot water [and out of Parliament for a while]

https://x.com/LizWebsterSBF/status/1997955469470511574

That investment in Sprott Physical Silver Trust in March is up 75%... not a huge monetary gain but every little helps with MAFL.

And more importantly; the original PEA for Lagoa Salgada was modelled 1.1 million ounces a year at $18 an ounce. The mine design has evolved since then and the latest NI 43-101 Technical Report on the Cerrado website says it was prepared using $22.50 an ounce. The increase in silver price should have made MAFL's 5% put option significantly more valuable.

I had expected the y/end 30 June accounts by now. And, at Lagoa Salgada, the Optimized Feasibility Study is nearing the final stages of completion and is expected to be delivered in early 2026. Also an update about monetising Golden Sun seems due fairly soon.

Earlier this year MAFL bought 100,000 shares of Sprott Physical Silver Trust at C$15.60 - up 77% since then. At the time the CEO said he was banking some gold profits and moving more into silver. Looks to have been a wise move...

I had expected that the accounts for y/end 30 June to have come out by now... they will be out soon and hopefully the accompanying statements do not scare shareholders. I am holding out for 2 pivotal bits of news over the coming months: there should be news on monetising their interest in a gold mining company in Costa Rico and there should be a new Economic Assessment on their interest in a VMS deposit in Portugal that is getting closer to mining.

The mine design for Portuguese asset [the Lagoa Salgada project] envisages 1 million ounces of silver a year; the economics of the mine must have got significantly better with the increased commodity prices. The PEA was done at $18 an ounce.

Did Troajan get washed away?

Billionaire pushes return of public hangings as part of 'masculine leadership' initiative

https://www.rawstory.com/alternet-posts/public-hangings/

Venture capitalist Joe Lonsdale, a co-founder of data platform company Palantir, is calling for the return of public hangings as part of a broader push to restore what he describes as “masculine leadership” to the US.

In a statement posted on X Friday, Lonsdale said that he supported changing the so-called “three strikes” anti-crime law to ensure that anyone who is convicted of three violent crimes gets publicly executed, rather than simply sent to prison for life.

“If I’m in charge later, we won’t just have a three strikes law,” he wrote. “We will quickly try and hang men after three violent crimes. And yes, we will do it in public to deter others.”

Trump would love the idea...

MICC:

https://www.lse.co.uk/SharePrice.html?shareprice=MICC&share=The-Magnum-Ice

"the magnum ice?...who are they?"

Unliever have listed their ice cream business

‘Zombie’ electricity projects in Britain face axe to ease quicker grid connections

https://www.theguardian.com/business/2025/dec/08/zombie-electricity-projects-britain-face-axe-grid-connections-net-zero

There are too many projects without planning permission or finance who have managed to book GRID connections. 'Developers will be told on Monday whether their plans will be dismissed by the National Energy System Operator (Neso) – or whether they will be prioritised to connect by either the end of the decade or 2035.'

Should be some winners and losers to watch out for.

The Fed Cuts. Yields Rise.

The Fed has cut rates by 1.5 percentage points since September 2024.

10-year Treasury yields have risen nearly half a point.

30-year yields up over 0.8 points.

This kind of disconnect hasn't been seen since the 1990s. The bond market isn't buying what the Fed is selling.

https://x.com/PiQSuite/status/1997776253403709551

Does it even matter if the FED cuts rates but the market does not follow / takes the opposite action and raises rates?

Also: Japan accuses Chinese jets of directing fire-control radar at its aircraft

https://www.aljazeera.com/news/2025/12/7/japan-accuses-chinese-jets-of-directing-fire-control-radar-at-its-aircraft

Overall, we rate Global Times Questionable based on the promotion of Pro-Chinese Government propaganda. We also rate them Mixed for factual reporting due to bias by omission and failed fact checks.

Detailed Report

Reasoning: Chinese Propaganda, Poor Sourcing, Misleading, Failed Fact Checks

Bias Rating: LEFT

Factual Reporting: MIXED

Country: China

MBFC’s Country Freedom Rank: TOTAL OPPRESSION

Media Type: Newspaper

Traffic/Popularity: High Traffic

MBFC Credibility Rating: LOW CREDIBILITY

https://mediabiasfactcheck.com/global-times-china/

Ken Klippenstein - FBI Making List of American “Extremists,” Leaked Memo Reveals

https://www.kenklippenstein.com/p/leak-fbi-list-of-extremists-is-coming

Enforcement of NSPM-7 moves into gear; "The target is those expressing “opposition to law and immigration enforcement; extreme views in favor of mass migration and open borders; adherence to radical gender ideology,” as well as “anti-Americanism,” “anti-capitalism,” and “anti-Christianity.”"

Remember - they get to define what those terms mean.

Ryan McBeth - Trump's New National Security Strategy Turns the US into Tony Soprano

https://www.youtube.com/watch?v=bXDUZagi1_g

I retired without 30 years NI contributions, so have been paying Class 3 NI ever since to make sure I have a complete contribution record and eventually get a full state pension. It is £17.75 a week this tax year. It is a no-brainer 'investment'.

Also - I add £2880 into my SIPP every year, so I get the free £720 kickback from HMRC. Another no-brainer... It is a stupid tax perk mainly designed to allow non-working spouses to stash a few quid away, which should be abolished. People who can afford not to work should not be given free money. Nonetheless, it is in the tax rules, and I am not turning down free money.

Benin - Niger's neighbour:

Benin's armed forces have successfully thwarted an attempted coup after a group of soldiers claimed to have seized power on national television.

This incident marks the latest threat to democratic rule in the region, following similar military takeovers in neighboring countries.

https://x.com/PiQSuite/status/1997643410417516719

Heather Cox Richardson: MAGA’s WHITE SUPREMACY Is Now Out Loud And America Must FIGHT Back

https://www.youtube.com/watch?v=iMc8826UBrY

And how does this sit within the Trump Doctrine that Europe is poisoning itself with immigrants?