Member Info for nomlungu

HEADLINE: "UK Labor Supply Jumps in Boost for BOE Inflation Fight"

https://www.bloomberg.com/news/articles/2023-07-09/uk-labor-supply-jumps-in-boost-for-boe-inflation-fight

FACT - we are already in a (or rapidly heading towards) recession, which will deepen as hikes in interest rates have their delayed effect; alternative headline: "Accelerating redundancies ‘big concern’ for UK economy as firms sweat over recession"

https://www.cityam.com/accelerating-redundancies-big-concern-for-uk-economy/

Dragons Den story - retained losses are greater than £5m so far, so they are losing around 28p on every £ turnover.

https://find-and-update.company-information.service.gov.uk/company/08905280/filing-history

My understanding is that VMS deposits are the most attractive as they are normally associated with lenses / layers that are rich in precious metals, which can be exploited first for rapid capital payback [less than 2 years]. Some also have some orebodies rich in zinc and rich in copper, so they can exploit whatever commodity is most sort after at the time of mining.

https://en.wikipedia.org/wiki/Volcanogenic_massive_sulfide_ore_deposit

>25% is from Chile

https://elements.visualcapitalist.com/visualizing-the-worlds-largest-copper-producers/

So the 14% drop in production last month will tighten stockpiles

https://www.mining.com/web/chile-copper-production-at-main-mines-down-in-may/

And it has been down most of this year

https://tradingeconomics.com/chile/copper-production

Mick - HE1; how much does a cryogenic plant cost? What do they do with the Helium if they do not have one?

https://ehs.mit.edu/wp-content/uploads/2020/01/safety_gram_22_HELIUM.pdf

I have read a few articles recently about self replicating RNA vaccines; some seem to think there is great promise:

https://www.google.com/search?q=self+replicating+rna+cancer+vaccine

The lower dosage requirements should help with costs.

Cleanerworld,

I know the article has been posted but txtify is worth thinking about next time as it opens Telegraph articles:

https://txtify.it/https://www.telegraph.co.uk/news/2023/07/08/100-nhs-hospitals-cancer-vaccines/

12 foot ladder also works:

https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Fnews%2F2023%2F07%2F08%2F100-nhs-hospitals-cancer-vaccines%2F

Troajan,

That is where PEM (proton-exchange membrane) electrolysers come into play... as they "can ramp hydrogen production up and down quickly and easily, which makes them attractive for projects powered directly by wind or solar because they can automatically decrease production when the wind isn’t blowing or the sun isn’t shining."

ITM make PEM electrolysers; down 90% since 2021.

https://www.google.com/finance/quote/ITM:LON?hl=en&window=5Y

But they are losing £2 million a week...

Dividend yield < 2%; seems overpriced? Especially as solid state batteries are now becoming widespread and coming for cars:

https://interestingengineering.com/innovation/chinese-ev-automaker-nio-unveils-150-kwh-battery-pack

Fücking incompetent: "Wikipedia could stop being accessible in the UK due to Online Safety Law"

https://eandt.theiet.org/content/articles/2023/07/wikipedia-could-stop-being-accessible-in-the-uk-due-to-online-safety-law/

This week, 2 miners announced progress in getting hundreds of millions of $ in funding from UK Export Finance. Both were Canadian listed miners; one pursuing a mine in Portugal, the other mines in Brazil.

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2023/ASCENDANT-ANNOUNCES-POTENTIAL-EXPORT-CREDIT-AGENCY-SUPPORT-FOR-PROJECT-FINANCE-AT-ITS-LAGOA-SALGADA-PROJECT-IN-PORTUGAL/default.aspx

https://www.cerradogold.com/news/cerrado-gold-announces-potential-uk-export-credit-agency-support-for-project-finance-at-its-monte-do-carmo-and-mont-sorcier-projects/

UK GOV are putting our money to play in other countries; complain to your MP if you think the funds should be spent at home.

"No but it’s ok to target this stock."

When a company has a bad habit of consolidating it attracts criticism. When you factor in the consolidations the number of shares in issues would be counted in the Trillions; quite an achievement.

'The sulfurs contained within the garlic extract have been shown to be effective against a wide range of insects, including mosquitoes, and the lingering odor can deter mosquitoes from the area for weeks. It is thought that garlic may be an alternative mosquito repellent for humans as well.'

More mosquito born diseases coming our way; good reminder to add garlic to the broccoli soup I am about to make [taste will probably disappear behind the Chilli Harissa].

'Investors are now betting the BOE will have to lift its key rate to above 6.5% to cool inflation, which is the highest in the G-7.'

https://www.bloomberg.com/news/articles/2023-07-08/markets-turn-against-uk-as-inflation-and-growth-outlook-darkens?srnd=premium-europe

Holy 💩....... Variable mortgages of over 8% would cut disposable income deep into the red. Sunak might want an election sooner than later to get it out of the way before the worst economic news hits. Leveraged businesses are going to go to the wall.

GB News - their viewers need angry reporting, and Super-Hero Trump v Arch-Villan Biden is the stuff they love to peddle.

Remember, Wallis is not going to be the head of NATO as there is some suspicion around the validity of his army awards [little mentioned in the main street media].

https://declassifieduk.org/exclusive-i-r-a-bombers-captured-by-ben-wallace-were-innocent/

'Robert Jenrick has cartoon murals painted over at children’s asylum centre'

https://www.theguardian.com/uk-news/2023/jul/07/robert-jenrick-has-cartoon-murals-painted-over-at-childrens-asylum-centre

Petty meanspirited barsteward

A couple of articles highlighted in John Stepek's daily email:

https://www.bloomberg.com/news/features/2023-07-06/uk-mining-cornwall-can-counter-china-in-hunt-for-raw-minerals

https://www.bloomberg.com/news/articles/2023-06-16/podcast-the-inconvenient-truth-of-six-commodities-and-net-zero

[2nd link includes a link to a long podcast for the weekend?]

Another day, another Bloomberg article: 'UK Needs to Revive Rich Mining Past to Counter China’s Minerals Grip' which mentions CUSN

https://www.bloomberg.com/news/features/2023-07-06/uk-mining-cornwall-can-counter-china-in-hunt-for-raw-minerals

Yet another informative video from Peter Ziehan

https://www.youtube.com/watch?v=GJ8zSljxJZE

Highly recommended to anyone who has mining shares [? Everybody here has or is interested in them, as far as I am aware]

The problem with solid yield is that their share prices drop every time the market reprices interest; why take a risk on a 6% share when you can get over 5% on a term deposit?