AFF Member Stock Discussion

Anyone read Instant Gold by Frank O'Rourke?
An interesting and topical social essay with a diamond sting in the tail
I saw the paperback rotting away in the shed recently, think I binned it…currently $127 on Amazon….
 
Many young ladies use Afterpay to get their lips “enhanced”.
Picked up some Finbar which is FRI when they dropped.
Taking a placement in a gold explorer that has a processing plant.
Gold price is moving up at the moment.
 
FRI had Civic Heart in South Perth under construction so they needed to hold on to their cash.
Made up for it when project was completed.
FRI is nowhere near as profitable as Meriton in Sydney but their product is good.
 
We bought HRZ in the placement yesterday. A gold hopeful. It is a two stage deal under the ASX rules so the second stage is early July.
 
I was very surprised that the Dow and Nasdaq only had minor falls on Friday. I was expecting losses of at least 1k. I am wondering if Mr Market is beginning to take the tariff threats less seriously and a backflip as tariff deadlines approach.

The real problem for the US is the bond market. The US has lost its AAA rating with all 3 agencies. This will cost the US more in interest payments and also impact the ability / desire of some funds to buy so much US debt which presumably will push up US debt costs even more.

Australia could benefit here as it still has its AAA rating and may find its debt even more popular amongst debt funders. This may even save it a few basis points in cost.
 

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