Trading day running commentary, page-3842

As you say inflation is proving a hard beast to tame. The world still awash with the trillions from stimulus, wars from despotic maniacs, high job creation numbers in the US - interest rates still rising means equities suffer. Coupled with CTM’s undeniable orphan phase and here we are with the current malaise.

I reckon though the signs here are good. Our prospects have been generated by none other than Vale. How else would we know there’s a “mafic intrusion” (as per Nov ann) at Santa Ines unless the prior lease holders had already done some ground or airborne magnetics? Already referred to as “projects”, both on prospective fault lines, bordering significant nickel deposits already, the whole area has been prospected hard by both the Brazilian geographic survey and Vale, imo that alone is a significant buy signal. And with a bit of luck, as Roger recently stated with upcoming releases soon re metallurgical clarity we should have some meaningful engagement with end user off takers. Better of buying when it’s ugly imo…