Morning Brief – Fishermens’ Friends

Fishermens’ Friends

 

In Jiangsu Province, Eastern China there is a coastline 620Km long which faces Japan and South Korea with Taiwan 500 kms to the south. There is also a large US presence in that region. All those countries including China keep a close watch on each other, and the chosen way to do that is by the use of unmanned underwater spy drones which are in effect small submarines. China has offered a reward of Yuan 500,000 or USD 72K for fishermen who are successful in netting one of these submersibles. That amount represents 17 times the average disposable income of a Chinese worker. In the past year no less than 11 such awards to successful fisherfolk ( 10 men and 1 woman if you are interested) have been made which means that there is a lot of these drones in that part of the sea. Beats fishing!

 

 

Gold Rush-the 2020 Scottish version

 

Following our piece on the Californian gold rush of 1849, comes the news that in the Vale of Cononish beneath Beinn Chuirn mountain-any wiser?! That is where the company Scotgold-does what it says on the tin- has carefully navigated understandable local concerns about environmental damage and is tunnelling to bring the seam of gold they have identified to the surface. Too small for major firms to get out of bed for, it is planned to produce as much as 175,762 ounces which at current prices will realize USD 270 Million. Shops and saloons and other entertainment providers in Stirling are looking forward to Scotgold miners striking it rich and spending their loot locally. To date it has been more a case of rather unsuccessful panning for gold in local rivers, but now the rush is on! Hoots!

 

 

“Floats like a butterfly, stings like a bee” was his personal mantra, but Muhammad Ali also described his boxing as follows:

 

It’s just a job. Grass grows, birds fly, waves pound sand. I beat people up.

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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