Member Info for nomlungu

Sure, this comes with a bucketful of hope, but over 500k tons of Copper is worth >$5billion:

The town of Rulikha and the district of Shemonaikha have already provided East Star with the required land access approvals to drill, however, further environmental approvals are still required.... Water, the local settlement, and moving infrastructure are three hurdles which need to be overcome for permitting drilling and any future mining of this deposit.

This will be interesting to watch over the coming days and weeks: 'Amazing AI warns of legal action against Tom Winnifrith and Share Prophets'

https://www.aquis.eu/stock-exchange/announcements/5480308

Peaked at 8p in June; 5 months later down 96% since then.

Drawing a parallel to the US / UK War of Independence will have struck home to some of his American viewers.

Well, actually no RAM, as OpenAI swooped and bought nearly 1/2 the world's supply to try and chuck a stick in the spokes of the wheels of its competitors.

https://www.mooreslawisdead.com/post/sam-altman-s-dirty-dram-deal

I had read that prices had recently more than doubled for some RAM types, but only read about OpenAI's stealth buys today. This story will grow over the next few months as shortages grow and prices increase.

"Carry trade, btw falling dollar - covered well by Charles archer"

The $ has appreciated against the Yen over the last 6 months... 142.55 on the 24th of May now 156.86 so on top of the interest rate differential you got asset appreciation of 10%.

Insurers retreat from AI cover as risk of multibillion-dollar claims mounts

https://www.ft.com/content/abfe9741-f438-4ed6-a673-075ec177dc62

https://archive.ph/0IZVg

Another small hole in the AI Balloon...

I just had a look at the NFM page... they have been suspended in Aussieland as they are doing a placing... I wrote that I thought they needed cash so one to watch especially if they raise at a decent discount.

I asked about NFM last weekend but nobody offered any thoughts.... I did not know about 'option agreement with BHP in 2024/2025, where BHP will fund exploration specifically to look for "Tier 1 copper-silver deposits" on their ground.'

AI suggests:

New Frontier Minerals (formerly Castillo Copper) (LSE: NFM / CCZ)

Note: The company recently underwent a name change to New Frontier Minerals (Ticker: NFM) in late 2024.

Project: Kitlanya East & West (Botswana)

Why it fits: They hold a large footprint in the Kalahari Copper Belt. Crucially, they entered an option agreement with BHP in 2024/2025, where BHP will fund exploration specifically to look for "Tier 1 copper-silver deposits" on their ground.

Status: Active exploration/drilling funded by BHP.

Kavango Resources (LSE: KAV)

Project: Karakubis (Botswana, Kalahari Copper Belt)

Why it fits: Kavango has consolidated a large land package and recent drill results (late 2024/2025) have identified large-scale copper-silver mineralizing systems. Management explicitly describes their target model as finding a "Tier 1" deposit similar to the nearby Zone 5 or Motheo mines.

Status: Active drilling and geophysical surveys to identify high-grade trap sites.

Tertiary Minerals (AIM: TYM)

Project: Mukai and Konkola West (Zambia)

Why it fits: * At Konkola West, they are exploring adjacent to the world-class Konkola copper mine.

At Mukai, they have a partnership with First Quantum Minerals (FQM). FQM is funding exploration to find a resource capable of feeding their massive Sentinel plant. The "Tier 1" angle here is that FQM is only interested in deposits of a significant scale (Tier 1 potential) to move the needle for their operations.

Status: Active drilling funded by partners (KoBold Metals is also involved in the broader region near them).

Critical Mineral Resources (LSE: CMR)

Project: Agadir Melloul (Morocco)

Why it fits: A newer entrant that has reported "extremely encouraging" initial drill results (late 2024/2025). They describe the project as a "potential district-scale" sediment-hosted copper-silver system, drawing geological comparisons to KGHM’s Tier 1 Lubin mine in Poland.

Status: Early-stage active drilling.

BHP walks away from fresh Anglo American talks

https://www.ft.com/content/6e8b5e22-6a55-47ae-9f81-3b081e8fa039

Can't use Archive for the link... But it seems as though BHP are still looking for near term Copper... Anyone sitting on a potential Tier 1 deposit is sitting on a proverbial goldmine.

They made the point that only 2 papers mentioned the Farage sidekick sent to jail for 10 1/2 years last week for taking money from Russia [treason?].

Peace Deal or Surrender? Rory and Alastair React

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

The Rest is Politics

"Yes I’m sure they will get better terms. It’s in everyone’s interest to make sure the debt is easily serviceable."

No - if the collateral is valuable you want the debtor to default and be able to seize the goods [like a pawn shop]. If the Poundfield is as valuable as some seem to think the creditors will want all of it if they can legally do so.

Patrick Boyle: AI Wants a Government Backstop—Should Taxpayers Pay?

https://www.youtube.com/watch?v=cHiZ-7jI0Ew

His deadpan sarcasm works...

Zombie (Junkie) apocalypse, UK - The Hades of Birmingham -Part 1.

https://www.youtube.com/watch?v=8La_NOvv77Y

Like watching a video of Kensington in the US... grim. I used to have to go to Birmingham once a month for a meeting when I worked at HMRC. It has gone a long way down since then.

From a Doomsayer: Fallen Hedge Fund Just Confirmed the Next Financial Crisis

https://www.youtube.com/watch?v=L2Mz6iIihhE

He may be a doomsayer, but he makes good points... The proposal by Blue Owl to merge a tradable and nontradable fund, which would have effectively imposed a 20% haircut on holders of the nontradable fund highlighted that they have a serious problem with Redemptions that can only be solved by selling assets in a depressed market and forcing the recognition of losses that they have been avoiding by the use of Extend & Pretend accounting.

As Redemption requests increase you are going to see more and more forced selling to raise cash to pay the Redemptions which should see lower prices which provides feedback for even more selling. Those 🪳 that Dimon warned about are going to become more visible...

I expect that the rumoured abolishing of the de minimus rules in the budget will lift the gloom for a while... surprised it has not been posted about.

https://x.com/EdConwaySky/status/1991969702629826917

Onetwomany is 100% correct; 'terms will be better' but not for Anguish shareholders.

Even The Rest is Politics is leading with Japan in their latest episode: Japan's About To Change: Here's How

https://www.youtube.com/watch?v=cxz1pN2iF14

War talk

@ChnEmbassy_jp

Translated from Chinese

The Charter of the United Nations specifically establishes an enemy state clause, stipulating that if any of the fascist or militaristic states such as Germany, Italy, or Japan takes any step to once again implement a policy of aggression, the founding members of the United Nations, such as China, France, the Soviet Union, the United Kingdom, and the United States, have the right to take direct military action against it without the authorization of the Security Council.

https://x.com/ChnEmbassy_jp/status/1991689237532741686