The F.E.X.


Captain Black's picture

South of the Bay

Man Made Island Plan for Scarborough

"12:04am 1st April 2017

Plans for an artificial archipelago have been submitted for Scarborough’s South Bay.

The man-made island has been inspired by the Palm Jumeirah islands in Dubai and would be home to holiday accommodation, a water sports centre with an enclosed lagoon, restaurants and an entertainment venue.

The plans have been proposed by French development company Flora Lopi who have a track record of creating unique holiday resorts.

The companies CEO, Pierre Fausses-Nouvelles hopes the development will have year round use.

“We plan to use the resort to extend the season – with families holidaying in the five star resort during the summer and extreme surfers using the resort during the winter months, we will also bring touring shows to the islands theatre offering year round entertainment for the local population”

Nick Taylor, Scarborough’s Investment Manager said:

“If such a resort could be built in the south bay it would certainly put Scarborough on the map, quite literally in fact, the Palm in Dubai is visible very clearly on google earth, if we could have a similar development on the Yorkshire Coast the publicity will be immense.”

"Flora Lopi say they are involved in several similar projects around the coast of Europe and intend to create the artificial islands to reflect the local culture and landmarks.

Pierre Fausses-Nouvelles says..

“In the same way that the palm tree is associated with Dubai we want to reflect the heritage of the Yorkshire seaside in our Scarborough development, this is why we have submitted plans to build the island in the shape of a Donkey”

 There is more information about Flora Lopi's plans here. "

Excellent.... On the Chin ;-))



Captain Black's picture

FT: Alternative Truths about Coal

Is coal finished?

"... Until the new sources of energy supply can beat the current low prices coal will remain the leading source of heat and power and will meet something like a third of the world’s energy needs. The proportion burnt in high efficiency, low emission plants will rise but that will remain a fraction of the total for the foreseeable future, not least because coal users cannot afford the upgrades necessary. Coal is the energy source of choice, through necessity, of the poorer half of the world.

Times may be tough for the industry, and the continued use of coal in sub-critical technology may be bad for the environment, but like it or not coal is not in free fall."

Easy Readers :

"You have to admire the grit of Chris Fraser, ex-bouncer, banker, and now chief executive of Sirius Minerals, who last week announced the miner was moving from Aim to the main market to find new backers.

"The Australian has faced down many obstacles to his plan to extract 20m tonnes a year of white polyhalite pellets of fertiliser from under the Yorkshire moors.

"First Mr Fraser had to gain support from the moors’ guardians; second he has had to win financial backing for a technically-challenging project that involves building a 23-mile underground conveyor belt to take polyhalite to the sea and is costing $3bn in capital.

"So far Sirius has raised $1.2bn to sink shafts and start taking polyhalite out of the ground in 2021. Sirius must borrow another $1.7bn to construct the conveyor belt. If all goes to plan (which is rare in mining) the group will be spewing out 10m tonnes of polyhalite by 2024. But the miner still must persuade farmers in Asia and the Americas that Sirius’ crop food is as good if not better than potash rivals found close by.

"There is a potash glut at the moment. Mr Fraser insists polyhalite is a premium product, particularly compared with the bulk of potassium fertilisers that contain chloride. It also contains other minerals and does more to boost crop yields than bog-standard potash, he says. He reckons polyhalite could trade at a premium: that is, $200 a tonne.

Perhaps, even in time, it might trade at nearer to the price, on a relative basis, of more concentrate potash sulphate. In his dreams.

Until the market in polyhalite has been established, it will sell at a discount to cheaper potash at about $145 a tonne — the price at which customers have agreed to take 8.1m tonnes a year. True, at $145 a tonne, Sirius’ revenues will be a good whack above production costs of $30 a tonne. But would-be backers will have to take Mr Fraser’s word for it that the conveyor belt will keep going, costs will not rise and prices will not fall."

Oh. Whacky Races...

Needs Must.

Erm, @ Ms Kate - its called research :-)


"...the various monies that they will feed into the community via several means was anything but voluntary.

If you think its adequate and fair, then thank the local politicians for cutting the deal."

Ha... Evil Laugh :-)))

Am I bovverred...


Captain Black's picture

Shelly on the Shore

Nicked LSE :-)

"Like Frankenstein's monster the SP received a jolt from the electrodes last week and re-animated moved up and off the last, after the precipitous collapse last November and the torpor since we have seen movement, maybe that movement is a bit clunky and unsteady but movement in the right direction nevertheless.
Relief expressed in many quarters but some irrational exuberance expressed from others over what are, at the moment very small SP steps forward.

Of course the slightly earlier than expected move to the main market was the catalyst for last week's movement and there ought to be great benefits in terms of stability following the likely initial 'feel good' boost in the SP at the end of April.

But the main factor leading to a sustained assault on much, much higher ground will be getting stage two funding in the bag without CF churning out the share certificates again! Until such time as that funding is clear the market will have reservations about this share with reassurances about stage two being senior debt only becoming more accepted when more TorP deals emerge, the absence of any further such deals in the update meant that I didn't forsee last week's kick upwards.

Highly amusing though to see the BoD having to put an assurance in last week's RNS over not issuing anymore shares associated with the move to the main market - I should think not! Touchy subject perhaps? I for one won't sit back and relax with this share until such time as I see the 2018 RNS coming out with the terms of stage two funding being all debt only! as promised!

So entry onto the main market and then two months to the AGM, awkward questions over last year soothed out of existence by a rising SP? New TorP deals propelling the SP northwards? Announcement of favourable geological conditions from the test bore?

Who knows? But market expectation will quickly grow around the three monthly updates even more so than unexpected RNS updates, on last week's performance the updates could become major SP events, hopefully to the upside!

Let's hope Frankenstein's monster can maintain a steady northerly track whilst avoiding getting stranded solitary on the ice."

Hop a Long?

Captain Black's picture

'Geological Brexit'

"...  The UK has now started the formal process of leaving the EU, but scientists say they have evidence of a much earlier "Brexit".

They have worked out how a thin strip of land that once connected ancient Britain to Europe was destroyed.

The researchers believe a large lake overflowed 450,000 years ago, damaging the land link, then a later flood fully opened the Dover Strait...

"More than half a million years ago, in the midst of an Ice Age, a land bridge connected Dover in the South of England to Calais in northern France.

Immediately to the north of it, was a huge glacial lake, which had formed at the edge of an ice sheet that covered much of Europe.

The researchers believe that this lake started to overflow, sending vast amounts of water crashing over the land bridge.

"Prof Gupta said: "These holes are now in-filled with sediment, but what's interesting is that they are not linear features like canyons or valleys - they are isolated depressions.

"And they occur in a line - a whole series of them stretching between Dover and Calais. And they are huge, 100m-deep carved into the bedrock and hundreds of metres to several kilometres in diameter.

"So we interpret these as giant plunge pools. We think there was basically lake water plunging over this rock ridge in the Dover Strait through a whole series of waterfalls, which then eroded and carved out these depressions.

"It's difficult to explain them by any other mechanism."

"...The researchers would now like to work out more precise timings of the "geological Brexit".

This would mean drilling into the bottom of the Dover Strait and analysing the age of the sediment.

"But that would be a huge undertaking," admitted Prof Gupta.

"The English Channel is the world's busiest shipping lane and it has huge tidal currents. It will be hugely challenging."

Downright daft more like, Michael Cain eat your heart out.

Ah, so ... the Ancients...

Err, The Straits !! The Straits !!


Captain Qahn's picture

Waxing Lyricals

"'...'It stretches the mind to imagine these wee little embryos growing into a one-ton feather-covered dinosaur that would have looked quite a bit like Big Bird,'' he said..."

Trying to fly ...

wot a shambles...

'Beibeilong sinensis'



Time for a 'manifesto'

Ah, so ...

"Greetings people from the past"

Captain Qahn's picture

The Ministry of Antiquities

"Dahshur is where King Sneferu of the 4th Dynasty built ancient Egypt's first true smooth-sided pyramid, the 104m-high (341ft) Red Pyramid, about 4,600 years ago.

He also constructed an earlier version, the 105m-high Bent Pyramid, whose slopes change angle from 54 degrees to 43 degrees about halfway up.

Sneferu was succeeded by his son Khufu, renowned for the Great Pyramid at Giza, which - at 138m high - was a wonder of the ancient world..."


Red Stuff....

Captain Qahn's picture

GE & The Great Escape

Captain Qahn's picture

Airlander III

Next ...

Ne'er underestimate a 'consumer' :-))

Trump Terminology

"US President Donald Trump has insisted he is not under investigation, while dismissing the FBI director he fired as a "showboat" and "grandstander"."

How Now, about that theme tune....

Ah, so ...

Away wiv the faeries ...

Captain Qahn's picture

Belt n Races

"...Bewilderingly, the ‘road’ is not actually a road but rather a sea route linking China’s southern coast to east Africa and the Mediterranean. The ‘belt’ is a series of overland corridors connecting China with Europe, via Central Asia and the Middle East.

“It is a very confusing name,” admits Peter Cai, the author of a recent report  about Belt and Road, who blames China’s propaganda-focused state media for failing to properly explain the concept to the world. “There is still a lot of confusion about what the Belt and Road initiative is and what it actually entails.”

The initiative’s Chinese name - yi dai yi lu or “one belt, one road” - rolls off the tongue far more easily."

Yi dai yi lu ore.... (Yodels) 


Captain Qahn's picture

The Ministry of Peace

Captain Qahn's picture

The Ministry of Truth

"Chatham House has been at the forefront of thinking on Britain’s role in the world. So with the General Election less than a month away, it’s a great place to set out my approach: on how a Labour Government I lead will keep Britain safe, reshape relationships with partners around the world, work to strengthen the United Nations and respond to the global challenges we face in the 21st century.

And I should say a warm welcome to the UN Special Representative in Somalia,  Michael Keating, who is here today. On Monday, we commemorated VE Day, the anniversary of the victory over Nazi Germany in Europe...

"Alert citizens or political leaders who advocate other routes to security are dismissed or treated as unreliable. My own political views were shaped by the horrors of war and the threat of a nuclear holocaust. My parents met while organising solidarity with the elected government of Spain against Franco’s fascists during the Spanish civil war.

My generation grew up under the shadow of the cold war. On television, through the 1960s and into the seventies, the news was dominated by Vietnam. I was haunted by images of civilians fleeing chemical weapons used by the United States.

I didn’t imagine then that nearly fifty years later we would see chemical weapons still being used against innocent civilians. What an abject failure. How is it that history keeps repeating itself? At the end of the cold war, when the Berlin Wall came down we were told it was the end of history. Global leaders promised a more peaceful, stable world. It didn’t work out like that....

"Today the world is more unstable than even at the height of the cold war. The approach to international security we have been using since the 1990s has simply not worked. Regime change wars in Afghanistan Iraq, Libya, and Syria – and Western interventions in Afghanistan, Somalia and Yemen – have failed in their own terms, and made the world a more dangerous place.

This is the fourth General Election in a row to be held while Britain is at war and our armed forces are in action in the Middle East and beyond. The fact is that the ‘war on terror’ which has driven these interventions has failed.

They have not increased our security at home – just the opposite. And they have caused destabilisation and devastation abroad...

"We need to step back and have some fresh thinking. The world faces huge problems. As well as the legacy of regime change wars, there is a dangerous cocktail of ethnic conflicts, of food insecurity, water scarcity, the emerging effects of climate change. Add to that mix a grotesque and growing level of inequality in which just eight billionaires own the same wealth as the 3.6 billion poorest people.

And you end up with a refugee crisis of epic proportions affecting every continent in the world. With more displaced people in the world than since the Second World War. These problems are getting worse and fuelling threats and instability. The global situation is becoming more dangerous...

"They have balanced the books on the backs of servicemen and women. Deep cuts have seen the Army reduced to its smallest size since the Napoleonic wars. From stagnant pay and worsening conditions, to poor housing. The morale of our service personnel and veterans is at rock bottom.

And as the security threats and challenges we face are not bound by geographic borders it is vital that as Britain leaves the EU, we maintain a close relationship with our European partners alongside our commitment to NATO and spending at least 2 per cent on defence.

That means working with our allies to ensure peace and security in Europe. We will work to halt the drift to confrontation with Russia and the escalation of military deployments across the continent...."

"To lead this work, Labour has created a Minister for Peace .."

Oh.... rewind?

"Because security is not only about direct military defence, it’s about conflict resolution and prevention, underpinned by strong diplomacy. So the next Labour Government will invest in the UK’s diplomatic networks and consular services. "

Wot like the EU?


Me thinks you just scored a home goal JC ...

Captain Qahn's picture


The National Sheep Association

Oooh :

Sign us up sniffy !!

Oh. "There is no age limit for anyone wanting to take part, only those competing are required to be under 27."

Polly hey la do

Eh?  “It is an offence to allow a dog to worry sheep and any dog caught in the act, can legally be shot with no compensation to the dog’s owner.”

Mr Graham added: “We ask that owners stay legal and keep their dog under close control preferably on a lead.”

Fascinating ...

Bah ...

Seriously ... all is quiet on the Eastern front. Just the ticking of a clock.

Lovely jubbly.... tickety boo.


Captain Qahn's picture

The Ministry of Math

"Labour says it would raise billions of pounds for public services with a new tax on financial transactions - known as a "Robin Hood" tax.

The party said extending the way shares were taxed and closing a loophole would bring in up to £26bn in the next Parliament, if it won the election.

It is also wants a tax avoidance crackdown and would require £1m+ earners to publish their tax records....

"Labour said it would extend the existing 0.5% stamp duty paid on shares to other financial assets, including investments known as derivatives.

It would also end an exemption, known as intermediaries relief, that applies to some banks and hedge funds, saying that together the measures would bring in between £4.7bn and £5.6bn a year.

"If Labour's plans came to fruition, critics say these transactions would simply move elsewhere or the costs would be passed on to the likes of pensions funds, ultimately hitting consumers.

That's on top of worries over the potential loss of business and jobs in the City because of Brexit....

"...attacked by the Institute of Economic Affairs, which described them as "another example of the fallacy that corporations can be tapped for cash with no wider costs"."In reality, it's always ordinary people who ultimately pay, including consumers and workers," said the free market think tank's chief economist...

"Vince Cable said Labour's economy policy was "less Robin Hood than Mickey Mouse"."

Sssh ... tis the sound of raindrops.

Ah, zo ...



Captain Black's picture

Allo, Allo ...

"So although the concrete issues that shaped this election were primarily regional - such as schools, transport and security - this state also matters nationally. It is seen as a bellwether for national elections.

There was a boost in his poll ratings and a surge of excitement when Mr Schulz announced earlier this year that he would challenge Mrs Merkel - it became known as the "Schulz effect".

His plan was to win over voters with a down-to-earth approach. But policy proposals have remained vague, and critics say the folksy charm has started to wear thin."

Captain Qahn's picture

The Ministry of Work

"... Its manifesto will promise to keep all workers' rights currently guaranteed by EU law, put worker representation on company boards and protect pensions.

There would also be a statutory right to a year's unpaid leave to care for a relative, under the election plans.

"And the GMB union said its members would "believe it when they see it".


"Holding a 12ft (3.7m) long steel-tipped wooden lance in front of him, he rides a stallion full pelt towards another would-be knight coming at him in a similarly determined attempt to knock him off his horse.

"You are both moving at about 20mph (32km/h), so [if the other person's lance hits you] it is like hitting a brick wall at 40mph.

"I have never fallen off, but I have taken three people out of the saddle. Historically people have died, and it is always the lance tip going through the eye slot [of the helmet]."

""What the code comes down to is try to be a decent person... and there are three parts - bravery, honesty and kindness.

"In business the need to be brave is obvious; the ability to charge forward and seize the opportunity, and do the best that you can with it.

"It is also about exploring new territories and seeking out new markets. It is an essential component in being a leader."

Ah huh ...


Captain Black's picture

The Ministry of Transport

"Don't be distracted too much by the detail.

Labour's manifesto will have policies on everything from preserving the bee population to the provision of wifi on public transport...

""The graffiti was reported by Hastings Borough Council and affected council property, locations administered by East Sussex County Council and Highways England and one private dwelling."

Ms Rudd is aiming to retain the Hastings and Rye seat which she won with a majority of more than 4,700 in 2015.

However, she faces a challenge from Labour after the Green Party formed an alliance with them and stood down its candidate."

"Now there will be a bit of political cross-dressing in this campaign, with the Conservatives under Theresa May showing a bit more enthusiasm for limited state intervention.

But the Labour manifesto will break with what's often known as the Anglo-Saxon economic model of lower taxation and flexible labour markets and in doing so, the party is distancing itself not just from the Conservatives but from its New Labour predecessor too."

"politically-motivated criminal damage"



Ah, so ...


Captain Qahn's picture

Sesame Street

"In a rare show of unity in the Middle East, an advanced research centre to be shared by the troubled region is opening today in Jordan.

Despite political tensions and rows, countries usually hostile to each other are jointly supporting the venture.

Its name is Sesame - Synchrotron-light for Experimental Science and Applications in the Middle East.

The facility hosts a synchrotron, a particle accelerator that acts as a powerful microscope.

Researchers including Iranians, Israelis and Palestinians - who would never normally meet - will now use the machine together.

Sesame is a play on the famous phrase "Open Sesame" and is meant to signal a new era of collaborative science.

By generating intense beams of light, synchrotrons provide exceptionally detailed views of everything from cancerous tissue to ancient parchments to plant diseases.

Sesame's vast white building, located amid dusty hills some 35km north of the capital Amman, makes a stark contrast to the olive groves around it."

Krakens, Cratons, Crayons

Captain Qahn's picture

The Ministry of Youth

Captain Qahn's picture

The Ministry of Justice

"Armed police are patrolling in Scarborough following the Manchester terror attack.

It follows the threat level in the UK being raised to critical.

The armed presence will remain at least through the bank holiday."

Erm .... how very sad. 

Fear and greed.

Now wot about that M/C that mounted the pavement on Foreshore yesterday?


"But when a team of journalists declared that the tiny Mediterranean island was a "pirate base for tax avoidance", it sent ripples of concern across the EU.

Malta currently holds the presidency of the European Union, so the allegations are all the more sensitive. And they come at the tail end of a bitter election campaign that has seen the island's Labour government fending off serious claims of corruption, ahead of a vote on 3 June."



Captain Black's picture

NSA - The Uplands

"...His plea to politicians to listen to the wishes and concerns of the upland farming fraternity comes in the run-up to both next month’s General Election and, on the day before voters go to the polls, the staging of the North’s biannual industry summit - NSA North Sheep - on June 7."

Bah ...

Flock ...


Ere ?


Clumsy person requires item for merriment event of the year :-? 

Ah, so ...


Oooh fly a kite...

wtf is the point in footfall ... erm football ?



Captain Qahn's picture

The Polar Express

"A hole as large as Lake Superior or the state of Maine has opened up in Antarctica, and scientists aren't sure why it's there.

The gigantic, mysterious hole "is quite remarkable," "It looks like you just punched a hole in the ice."

Oh. Ne'er mind ...

"To really rub salt into the wounds, the below message appears in Portuguese over images of the fans in turmoil:

That day
That they thought
Was never
Going to arrive
Has arrived

It's all or nothing
For them

Argentina have only won once at Ecuador and that came way back in 2001 thanks to goals from Juan Sebastian Veron and Hernan Crespo.

Visiting teams often struggle at the Ecuador national stadium due to its location over 9,000ft above sea level, with Lionel Messi vomiting on the pitch amid the thin air a few years ago."

Oh, OK:

"Messi will be 35-years-old by the time the World Cup is held in Qatar and would arguably be well past his best.

That means he’ll go all guns blazing for victory in Russia."

The game kicks off at 12.30am BST on Wednesday 11 October at Estadio Olímpico Atahualpa.

Ecuador to win: 7/1

Oh, well.  Can't win 'em all ...

All things being equal.

Benefitz Betty's picture

Freeze Frames

"Understanding how neutrinos interact is key to the operation of IceCube .."

"The U.S. Department of Energy’s Fermi National Accelerator Laboratory is the host laboratory for the LBNF/DUNE project, which will use Fermilab’s world-leading accelerator complex to send a beam of ghostly particles called neutrinos 800 miles through Earth to a massive detector that will be built a mile below the surface at the Sanford Underground Research Facility in South Dakota.

More than a thousand scientists from institutions in more than 30 countries around the world contribute to the LBNF/DUNE project. The UK has been an essential partner in the experiment since its inception, and the collaboration includes scientists from 16 UK institutions. The U.S. contribution to LBNF/DUNE is supported by the U.S. Department of Energy.  

“The United Kingdom has long been a leader in this area of science, starting with Ernest Rutherford in the early 20th century,” said Fermilab Director Nigel Lockyer. “This agreement ensures that LBNF/DUNE will have great scientific and technical strength on the team as we chart the bright future for neutrino research.”

"Seismic survey - road closures 

We are conducting seismic surveys between the Dean Hall Brow and Littlebeck Bank Roads between 22 - 30 November. The road will be closed for the duration of this process (see below - in red), with a diversion in place (see below - in blue). Access for residents of the properties along the route is available as usual.

Seismic surveying is required to gather further geophysical data to support the complex design and construction of the mineral transport system. Please click this link to find out further details."