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Tungsten Miner Soars After Billionaire Forrest Takes 17% Stake
Tungsten Miner Soars After Billionaire Forrest Takes 17% Stake
Australian mining billionaire Andrew Forrest, founder and executive chairman of iron ore giant Fortescue, has agreed to acquire Oaktree Capital's entire 16.8% stake in the Sydney-listed tungsten producer EQ Resources.
Shares of EQ Resources in Sydney surged 34% on Monday following news of the transaction, which is valued at about 190 million AUD ($133 million) based on Friday's close. The deal covers 862.1 million shares and 35.6 million options.
Forrest's most likely reasoning for the deal is that EQ Resources controls one...
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Sep 10, 2026 / Tyler Durden
South Koreans Rally Against Hormuz Deployment In Front Of US Embassy
South Koreans Rally Against Hormuz Deployment In Front Of US Embassy
Authored by Dave DeCamp via AntiWar.com
Protesters gathered near the US Embassy in Seoul on Wednesday to rally against joining the US war with Iran, as the South Korean government is considering deploying military forces to help the US efforts to open the Strait of Hormuz.
Carrying signs that read "Do Not Join a War of Aggression" and "No Military Deployment to Hormuz," the protesters chanted, "We cannot send our young people into a sea of death," according to AFP, which...
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Jun 10, 2026 / Tyler Durden
From Token-maxxing To Token-panic: Citrini Warns AI Goldilocks Narrative Hitting A Wall
From Token-maxxing To Token-panic: Citrini Warns AI Goldilocks Narrative Hitting A Wall
When the world and their pet rabbit was buying the hype and extrapolating trends to infinity and beyond, we dared to highlight a few 'economic' realities of the new 'tokenomics'.
From Singularity To Tokenomics: The AI Narrative Just Hit A Serious Snag
Was Amazon's Tokenmaxxing Fiasco Behind Claude's $500M Mystery Bill?
From Singularity To Tokenomics, Part II: The Subsidy Just Ran Out - And GitHub Users Went Splat
This morning we got confirmation of this AI reality questioning from none other...
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Apr 29, 2026 / Tyler Durden
Key Bridge Nightmare: Contractor Dropped After Costs Spiral
Key Bridge Nightmare: Contractor Dropped After Costs Spiral
Left-wing Gov. Wes Moore's claim that the Francis Scott Key Bridge rebuild is the "fastest-moving large infrastructure project in the United States" just hit a major roadblock.
Fox Baltimore's Gary Collins reports that Maryland officials canceled Kiewit Infrastructure Co.'s contract for Phase 2 of the bridge rebuild, the construction phase, after the contractor's proposal reportedly far exceeded state estimates.
BREAKING NEWS: The contract for Phase 2 for the Francis Scott Key Bridge rebuild has been officially cancelled.
The contract is expected to go up...
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