The Evil Diaries: Tesla and Churchill Mining

It took some time to get a proper attack of the wobbles but Tesla (TSLA) finally obliged last night closing down $25 at $192 after hours on the news of Tesla’s scheme to merge with Solar City (SCTY), another Musk promotion.

Apparently, Musk’s argument is that the sort of people who buy Tesla motor cars buy solar panels. However, on this basis, Musk should flog to Tesla his Musk Muesli.

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Churchill Mining (CHL) announced that a decision on the forgery aspect of its case against Indonesia would emerge in September. Understandably, the bull account unravelled quite smartly. This seems to me to be another buying opportunity, this time at 20p.

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Finally, The Times features a Remain support letter this morning signed by 1,200 important (according to The Times) people. The Times omitted to mention the other 3,800 potential signatories who, when canvassed, said they’d vote Leave. As for me I would have arranged 12,000 signatories – 1,200 is merely playing at the edges.