Member Info for nomlungu

IG [and other brokers] make money on the spread they offer on buys / sells and on the currency they offer when you buy / sell foreign shares. There is no such thing as a free lunch.

How China Became a Tech Beacon | China Decode [another Prof G Pod – Scott Galloway]

https://www.youtube.com/watch?v=uvuymfuJx9Y

A lot of focus on 'involution'... if you are not familiar with the term you need to become [especially with Chinese characteristics]: 'Involution is when competition forces companies to work harder for ever-lower margins — a race to the bottom.'

Except in China there is state support so 'ever lower margins' means greater losses. And, as so much has been invested in excess manufacturing capacity that is going to end up idle or underutilised how are they ever going to get the capital invested back? With just speeds up the death march. That Scott Galloway can admit he was not familiar with the term shocked me!

I wanted a transcript of a MAFL directors interview - all I needed to do was ask Gemini to provide the transcript. Might be useful [10x ramp quality?]

https://g.co/gemini/share/cfa4747b0b61

Prompt was: provide transcript: https://www.youtube.com/watch?v=3vKFEx_S3_Y

Golden Sun 8 minutes in:

Our biggest single holding [08:15] in gold is is through Golden Sun. Uh, we hold shares in Golden Sun. Golden Sun is the largest mining [08:23] company, but also the, it's not a big company, but in Costa Rica, it's the biggest mining company. Um, and [08:30] if you take our our gold our deferred gold contracts and our shareholdings and our deferred gold contracts were allowed [08:40] to convert into equity, we would own somewhere between 17 and 20% of the company depending on on uh, circumstances [08:54] over the next little while. By the way, we, we are moving forward on on monetizing that asset. We retained [09:01] an investment banker. Uh, they've been out marketing. We're getting a lot of interest in Golden Sun. And there are [09:09] several paths. We could either just put it in, sell it to a company for cash or sell it to [09:17] another company for shares. Um, also a possibility is uh, if a company wanted to inject $25 million into it, [09:25] we could take it from 500 tons per day to potentially 1,500 tons per day, which would put it close [09:32] to 8 80,000 ounces a year

Whole transcript:

https://g.co/gemini/share/cfa4747b0b61

GENF- seems dodgy as xxxx; my superstition says not one for me to trust with a penny:

Issuance of the New Ordinary Shares

The Company is currently unable to issue and admit the New Ordinary Shares without either the publication of a prospectus approved by the Financial Conduct Authority ("FCA") or relying upon an exemption to the requirement to issue a prospectus.

Consequentially, this fundraise involves a subscription by Eric Leire, CEO and director of the Company, for the New Ordinary Shares at the Issue Price pursuant to the employee offer exemption under Article 1(4)(i) and 1(5) (h) of the UK Prospectus Regulation.

Following allotment of the New Ordinary Shares, Eric Leire has agreed to direct their issue to an institution, who will immediately sell these New Ordinary Shares at the same Issue Price to a purchaser identified by it (the "Purchaser").

What other rules will the bend to suit themselves?

But what about Sodium-Ion batteries? 'Tony Seba was RIGHT - Sodium Batteries Will Change EVERYTHING'

https://www.youtube.com/watch?v=WHMkeWBLq2U

CATL have started production of sodium-ion truck batteries and begin bulk production of car batteries by the end of the year. Peak Energy in the US are likely to make very big strides in the near future... Demand for lithium is unlikely to be anywhere as high as some expected, even with Trump trying to put his thumb on the scales.

https://www.peakenergy.com/

Trek,

I am always sceptical... Madagascar is going through upheaval at the moment

https://www.reuters.com/world/asia-pacific/madagascar-protesters-demand-presidents-resignation-fifth-day-rallies-2025-10-01/

ANTANANARIVO, Oct 1 (Reuters) - Hundreds of protesters across Madagascar demanded the resignation of President Andry Rajoelina on Wednesday, taking to the streets for a fifth day of demonstrations that have shaken the government, local television broadcasts showed.

Spurred by the so-called youth-led "Gen Z" protests in Kenya and Nepal, the demonstrations have been the largest the Indian Ocean island has seen in years, and the most serious challenge Rajoelina has faced since his re-election in 2023.

This video about sodium ion batteries worth watching if you have lithium investments: Tony Seba was RIGHT - Sodium Batteries Will Change EVERYTHING

https://www.youtube.com/watch?v=WHMkeWBLq2U

"+$2bn in ground REE assets - easy to extract from clays. So just a shovel and a strainer then put the spoils back."

If it was the easy China would not have the polluted ground water it does...

https://www.theguardian.com/world/2025/jun/26/china-rare-earths-baotou-life-metallic-elements

Big storm coming this weekend: 'Storm Amy: What to expect – Met Office Weather'

https://www.youtube.com/watch?v=I6ZBvJEWvq0

It really will be 'grim up norf'.

OPEC will be delighted... Russia's wells are going to freeze up this winter as there is nowhere for the oil to go. That production capacity is going to be lost for years; maybe forever.

Mannnnan meant there is still £5m to be converted... maybe another 5 billion shares.

Blimey - UDOG up 200% and still rising

https://www.google.com/finance/quote/UKOG:LON

The CLN holders will be delighted!

UKOG [UDOG} seems likely to be back trading soon after finally posting last year's accounts and this year's interims 1 day before getting delisted. People getting excited and ramping in advance even though they announced that they are coming back with death spiral financing.

I watched it on AgendaFree on YouTube:

https://youtu.be/2wXd4u5dUew?t=258

Trump addressing the Generals... biggest weave I have heard to date. Might be good news: getting all the top brass together to listen to a rambling old man must make them collectively less likely to obey illegal orders.

How The AI Economy Could Collapse | Prof G Markets

https://www.youtube.com/watch?v=Oeepx2ZLrCA

They talk a lot of sense [cents in the $?]

Just keeps climbing

https://www.gold.co.uk/gold-price/today/ounces/USD/

TRX needs to follow the example of Extremity Care LLC and donate to Trump.

https://popular.info/p/days-after-5-million-donation-to

The biggest problem is: The management fee for managed portfolios is flat (0.25%), which means for very large balances, it might be less competitive compared to platforms that scale down fees at high balances.

£10k = OK

£100k = ?

>£100k = going to start getting expensive.

Also, watch out that they are not trying to shaft you with the spreads they offer. Always worth checking what your other platforms quote you on an EFT that you want to buy.