Fuse has been lit for the battle for Lindian's Kangankunde Project

A large number of stocks improved last week with the entry into the new financial year. That should not be surprising. The gains though, were mostly recoveries from falls the previous weeks. There was little change to the overall sentiment other than a gentle tone of optimism.

Much of the media has been focusing on the abysmal standard of the candidates for the US Presidential election, but the US markets does not seem to be losing any sleep over them. Does that mean that the US investors just can't be bothered, or that it is not relevant to expectations, or is it just an example of their heads in the sand? The rising gold price last week might be a better measure of the level of concern.

Last Monday Lindian Resources released the findings of its feasibility study on the Kangankunde Rare Earths Project, Stage One. Blind Freddy could have told you the numbers would be good, given the technical releases over the last six months, but the actual numbers exceeded my exceptions. 

 WeeklyComm6July2024copy.pdf