John Baker retweeted
Whoever is advising Burnham on these X posts needs to be swiftly removed.
Google Maps? Compare petrol prices?
How about addressing the NetZero issue…
Or reducing fuel duty…
Expectations were low when this man got the job, but holy shit!
I know people are worried about fuel prices. And I get it. You get to the pump, watch the numbers climb, and wonder why it's costing so much more than it used to.
The reality is that global events are pushing up costs, and families here at home are feeling the impact.
But I won't accept that there's nothing I can do to help.
That's why from today, you'll be able to see petrol and diesel prices on Google Maps, compare nearby stations and find the cheapest option before you fill up.
It's a small change, but if there's a practical way to help people keep more money in their pocket, I'll do it.
John Baker retweeted
The blame anyone but ourselves Prime Minister strikes again.
It's all smoke & mirrors so don't fall for it.
If the below is true why did Labour promise to cut everyone's bills by £300 ?
I want to be honest about how we’ve got to a place where British billpayers are paying some of the highest energy costs in Europe.
Over the past 40 years, we’ve given up control of our necessities, outsourced our essentials and privatised the basics. Water, transport, housing. And of course, energy.
Now the public are paying the price. We haven’t invested in the infrastructure we need. Conflict overseas has pushed up energy costs and it’s hurting our businesses and families.
That’s why we need to take back greater control of our energy system.
This week, I announced Great British Grid, which will speed up connections and push down bills.
We’re also giving mayors, local leaders and communities a stronger role. With funding for People’s Power projects, communities will be able to build solar panels on libraries and town halls, hydro schemes in rivers or publicly owned windfarms on local land.
But it’s not just energy we need stronger public control over. It’s also water, housing, transport and care.
So we’re repealing the ban on public ownership of water companies. We’re building more council homes than this country has seen since the end of World War Two.
We’re reforming the leasehold system so families aren’t squeezed for every penny. And we’re opening up home ownership for first time buyers who can’t rely on the bank of mum and dad.
This week I also announced my determination to introduce a National Care Service, to put people above profit and to give pensioners peace of mind.
Together, we’ll rewire the country from top to bottom so that it works for all people in all places.
That is the only way to put Britain back on the right path. It’s the only way to put power back in people’s hands. And it’s the only way we will bring hope again.
John Baker retweeted
The ships, jet fighters, Marines and sailors will arrive in the region by the end of November, the officials said. Trump recently told aides that he expects to resume bombing Iran that same month, The Wall Street Journal reported.
The aircraft carrier USS Theodore Roosevelt left its home port of San Diego on Sunday on a scheduled deployment, while the USS Makin Island Amphibious Ready Group, comprising three amphibious ships carrying Marines from the 13th Marine Expeditionary Unit, left on Monday.
U.S. Sending Third Aircraft Carrier, Up to 10,000 More Troops, to Middle East
The deployments come as Trump weighs resuming bombing Iran after the midterms wsj.com/politics/national-se…
#EST 👇
I think of it like this.
To see material upside, the investment thesis does not require all three funded JVs. That is the striking feature of this setup.
Any one of the funded JVs, on its own, can transform the business and the share price.
Two successful partnerships delivers the kind of re-rate juniors almost never see.
All three would put EST into the £/£s (vs the current 9p). Endeavour have already told us the size of their targets.
The beauty of it is that you only need one to see outsized returns. It is a fabulous model.
#EST - A little later to the party , nevertheless a starter position taken of 400,000 shares… a very unique opp here imo
As promised, much more detail below (a lot to read!) on EAST STAR RESOURCES (#EST). A gold and copper play that I believe has major upside ahead. Due to posting this via mobile, I am splitting this longer commentary into multiple posts.
1/6 Who are they?
East Star are a £40 million valued metals explorer that over the past 10 months have transformed themselves from an independent explorer into a business with three fully funded joint ventures. Two of these deals see this current small cap fully funded to copper production, whilst a jv with Endeavour Mining (a top 10 global gold producer valued at £11 billion) see’s this gold giant positioning for a multi-million-ounce discovery. Beyond the jv, Endeavour have injected capital into the company for a 14% stake and appointed a member of the Endeavour Executive Management (the VP of Exploration and Growth) to the East Star board.
As a Kazakhstan-focused operator, East Stars assets sit in one of the world's most under-explored but mining-friendly jurisdictions. The deals offer transformative upside for the business and it’s striking they have managed to retain meaningful equity position in these partnerships on fully funded terms. Separate to these JV’d assets, East Star owns 100% interests in other porphery and epithermal projects with the CEO Alex Walker making it clear that “If a partner came along at the right valuation we’d be happy to entertain” further deals*. He has an explicit ambition to build East Star into a $1 billion+ company and is clearly incentivised by his 10% shareholding. His public commitment to a long-dated equity story rather than a short-term promote sits particularly well with me. As someone who lives in the country and sits on the board of the Kazakstan Chamber of mines he brings a level of in-country credibility that matters.
2.Why Kazakhstan?
This pro mining country ranks No.1 globally in uranium production, No.3 in copper, and No.5 in gold and is amongst the lowest-cost producing jurisdictions in the world.
East Star was an early mover into the jurisdiction with the majors BHP, Rio Tinto, First Quantum, Fortescue, Ivanhoe and Barrick also positioned.
The specific region East Star operates in is a hotbed for activity with major deposits surrounding their JV’d assets Verkhuba and Rulikha. Some examples here and all within 20-50km of their assets:
•Sekisovskoye. 6.7Moz @ 3g/t Au
•KAZ Minerals' Irtyshsky. 30Mt @ 2.2% Cu, 5.1% Zn
•KAZ Minerals' Artemyevsky. 51Mt @ 1.9% Cu, 6.4% Zn, 2% Pb
•KAZ Minerals' Nikolaevsky. 40Mt @ 2.4% Cu, 3.2% Zn, 1.1% Au
•Glencore's Ridder. 225Mt @ 0.4% Cu, 1.7% Zn
John Baker retweeted
It’s just fucking mad. Why does no one inside the govt make the case for it being cleaner (the North Sea)
I understand the lack of business experience might mean the nuances of the economic case might be lost on the Cabinet (incremental tax revenues helping with the balance of payments, or more oil and gas would help with resilience or more gas as gas is locally priced and that a coherent energy policy would help with the gilt moron premium) but to not articulate a policy that supports their climate ideology is beyond most of us with a brain
I see Trump calls for a ban on the export of US diesel, that Norway calls for curtailment of Norwegian energy exports…..business report in that Govt refuse to engage on anything re resilience - for example gas storage. Despair
Tick Tock
John Baker retweeted
In 2008 the UK paid the same price for natural gas as the US.
Today we pay eight times more.
Yet another example of how badly this country is and has been led.
If govt had just stayed out of it, this would not be the case. But no. They had to get involved.
John Baker retweeted
Given that Reform is confident it will be able to keep both Delo’s and Harborne’s £36m donations, both of them must have relocated to the UK.
If so, that presumably means they are prepared to incur tax liabilities in the UK here and now, as residents, seemingly for what they see as the benefits of installing Nigel Farage as prime minister.
This is in paradoxically stark contrast to other billionaires, like Chris Rokos, who are leaving the UK to escape liability to potentially higher taxes they fear will be imposed by the current government under Andy Burnham (such as a reform of capital gains tax)
John Baker retweeted
Well done Kemi,
Inheritance tax is a con. People work hard all their life, pay their taxes to the government & then on death the government try and take more money.
Kemi Badenoch 'unleashes bombshell plans to abolish inheritance tax' in broadside against 'weak' Labour
gbnews.com/politics/kemi-bad…
John Baker retweeted
China's state-owned refineries are ramping up their runs while inventories have been drawing down and currently at normalized levels.
With tight physical crude supply and strong demand, increased Chinese oil buying is set to support crude markets for the foreseeable future! 🛢💰
John Baker retweeted
To fill the £330 million tax gap left by hedge fund manager Chris Rokos departing the UK for Greece, it would take approximately 838 millionaires earning £1 million annually, or 12,030 individuals earning a salary of £100,000
EXCLUSIVE: Hedge fund titan Chris Rokos to leave the UK for Greece, the latest exit by one of the country’s top taxpayers and biggest names in finance. He ranked 3rd in the Sunday Times’ latest annual list of top tax payers, with a bill of £330m. bloomberg.com/news/articles/…
John Baker retweeted
Burnham is causing a national financial crisis with his tax more, nationalise more, spend more rhetoric.
Get rid of Labour 🥾
John Baker retweeted
All systems go. This is spot on. In addition, Brent is sitting on the 100 day moving average after crossing the 50 and 200 day. Sentiment has shifted. The Munificent 7 are trading at or near ATHs. Gold, silver, BTC, copper all trading extremely well. Its HALO (hard assets local operations)!
Veteran oil trader Mark Eckard thinks the calm may end around Aug. 22–24.
His thesis: buyers are delaying physical purchases as long as possible. Once contract needs become unavoidable, concentrated buying could hit a supply-constrained market all at once.
That’s how $85 oil can become $95–110 very quickly.
#Oil #CrudeOil #Energy #Trading #Hormuz #IranWar
Those with capital to deploy at these 16P levels will be handsomely rewarded imo #OMI
