Fast Growing Invest https://fastgrowinginvest.com Investing and Stock News Thu, 04 Jul 2024 11:59:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://fastgrowinginvest.com/wp-content/uploads/2023/07/cropped-Favicon_fast_growing_invest-32x32.png Fast Growing Invest https://fastgrowinginvest.com 32 32 Democrats begin to consider Harris at the top of their ticket https://fastgrowinginvest.com/2024/07/04/democrats-begin-to-consider-harris-at-the-top-of-their-ticket/ Thu, 04 Jul 2024 11:59:08 +0000 https://fastgrowinginvest.com/2024/07/04/democrats-begin-to-consider-harris-at-the-top-of-their-ticket/ As President Biden continues to face questions about whether he should end his bid to seek a second term, there are growing signs that many in the Democratic Party are willing to accept the notion of Vice President Harris at the top of their presidential ticket, a potentially significant shift.

House Minority Leader Hakeem Jeffries (D-N.Y.) is signaling to members that Harris would be the best option to lead the ticket if Biden chooses to step aside, said two people familiar with this thinking who spoke on the condition of anonymity to detail private conversations.

Rep. James E. Clyburn (S.C.), a high-ranking member of the House and a longtime Biden friend, has publicly said he would support Harris if Biden stepped aside, adding that his fellow Democrats “should do everything to bolster her, whether she’s in second place or at the top of the ticket.”

Tim Ryan, a former Ohio congressman and presidential candidate, said in an op-ed that while he loves Biden, Harris should be the Democratic nominee for president after Biden stumbled in a high-profile debate performance last week. Some other possible contenders — including Michigan Gov. Gretchen Whitmer and California Gov. Gavin Newsom — probably wouldn’t jump in the race this year and would support Harris if Biden were to remove himself from the ticket, according to people familiar with the matter who spoke on the condition of anonymity to discuss private conversations.

Democrats’ growing move to rally around Harris as a potential nominee — almost always with the caveat that Biden remains the choice for now — is a sign that they are gaming out a world without Biden as the party’s standard-bearer, even as they try to blunt years of hand-wringing about Harris’s ability to win the White House on her own.

That could remove one of the major obstacles Democrats have long seen to the notion of replacing Biden: the fear that it would result in a damaging political free-for-all as the party’s most promising stars battle it out for the nomination.

Many Democrats are also worried that Harris would be a weak candidate, based in part on her ill-fated presidential run in 2020, when she was forced to drop out before a single vote was cast. But choosing someone instead of Harris, the first woman of color to serve as vice president, seemed politically untenable.

Now some in the party are rethinking the idea that Harris would flounder as the Democratic nominee, especially compared with Biden, given his struggles.

A CNN poll released Tuesday found that voters favor former president Donald Trump over Biden by six percentage points, 49 percent to 43 percent, similar to results from before the debate. But Harris performs better, trailing Trump 47 percent to 45 percent, a gap that falls within the margin of error.

And, some say, Harris could energize Democratic-leaning groups whose enthusiasm for Biden has faded — Black voters, young people and women. Some progressives say she could win back some voters who are disenchanted with Biden’s handling of the Israel-Gaza war.

Some of the shift in thinking is practical: With four months before Election Day on Nov. 5 — and early voting beginning weeks before that — picking anyone but Harris would represent a legal, political and financial minefield, according to interviews with more than a dozen political strategists and people close to the decisions of White House aspirants.

Choosing a new nominee outside the current ticket would raise questions about the status of the delegates that Biden and Harris have won — and the nearly quarter-billion dollars in their campaign coffers, money that cannot easily or perhaps even legally be handed to someone else.

Then there are the optics: Harris is the first Black woman to win a nationally elected office. Shunting her aside for someone White and possibly male could alienate the Black voters who the campaign says are key to winning the White House in 2024, and it could subject a party that prides itself on diversity to charges of hypocrisy.

Harris supporters also argue that many of the people often discussed as alternatives to Harris — Whitmer and Newsom, along with Illinois Gov. J.B. Pritzker, Rep. Ro Khanna (Calif.), Pennsylvania Gov. Josh Shapiro and Maryland Gov. Wes Moore — are popular in their home states and in Democratic circles but remain untested on the national stage.

“People want the president to be successful, but it’s unclear where we’re headed,” said Jamal Simmons, Harris’s former communications director. “And so as people begin to ponder if we had to do something else, what that something else would look like, who that someone else would be, the math leads you to Kamala Harris.”

While Harris has been singed by criticism, supporters say, she is a known quantity, both from her own presidential race and from her experience as the running mate on a 2020 Democratic ticket that faced withering attacks.

“I don’t know that Gretchen Whitmer going into Philadelphia is going to help turnout. I think Kamala Harris does,” said Mike Trujillo, a Democratic strategist and former aide to Hillary Clinton. “I don’t know if Gavin Newsom goes into Raleigh, North Carolina, or Charlotte, North Carolina, that he’s going to be able to turn out African Americans that are the base of the party. I think Kamala Harris can do that.”

Equally important, according to some strategists, is that voters say they are uninspired by the current rematch of two elderly men who have already served in the White House; Harris would present a younger face and a symbol of change. Biden is 81 and Trump is 78, while Harris is 59.

Still, there are many within the party who are not yet persuaded that Harris can win. Not only did her one presidential campaign collapse in disarray, they say, but she repeatedly stumbled early in her vice presidency.

Harris struggled, for example, when Biden asked her to tackle the root causes of illegal migration to the United States by working with leaders of Honduras, Guatemala and El Salvador to improve conditions there. (Harris’s defenders say the president had handed her an impossible task.)

Others worry that Harris’s reputation as a California liberal, accurate or not, could alienate White centrists in the Midwestern suburbs that Democrats need to win. Some of these skeptics include major Democratic donors, suggesting that Harris could have a harder time than Biden raising campaign cash.

At the same time, Biden’s aides have forcefully insisted for months that he is Democrats’ best — or perhaps only — chance of beating Trump, an assertion that has done little to bolster party members’ views of Harris’s prospects.

Multiple Democrats who have said they would get behind Harris, however, point to her post-debate interview when she was had to balance a defense of Biden and the shaky debate performance millions of viewers saw. “That was a thankless job she had to do, and she did a very, very good job,” one senior House Democratic aide said.

But overall, there are signs that a growing number of Democrats can now envision a relatively smooth transition to a Harris-led ticket, especially if Biden throws his support behind her.

Beyond party leaders, rank-and-file Democrats have also begun vigorously discussing post-Biden scenarios. One Democrat in Texas, slated to be a delegate to the party’s convention in August, said it would be almost impossible at this late hour for someone like Newsom or Whitmer to win the nomination, then conduct a full-blown presidential campaign from scratch.

So the choices come down to Biden and Harris, this person said — and Harris would be better.

“As the only other option really being Vice President Harris, I think I would prefer that — and prefer the challenge of trying to drive up polling and drive up support — more than to keep support when we have a president going for reelection who may not have the best physical well-being,” the delegate said, speaking on the condition of anonymity to discuss a sensitive matter.

Amid the intensifying conversations among Democrats, there are signs that Harris’s potential Democratic rivals are backing off — or being encouraged to back off.

Whitmer would not run for president this year and would be “all in” for Harris, according to a person close to the Michigan governor. Newsom has also hinted that he would back Harris, a fellow Californian. California lawmakers say they don’t believe he’d run this year.

“It’s got to be Kamala at the top and pairing her with someone new and dynamic and good could be super invigorating,” one Democratic California House member said.

A person close to Clyburn said the high-ranking Democrat had made his comments about Harris on MSNBC with the explicit goal of warning top Democrats against contemplating an alternate ticket not headed by Harris, should Biden step aside. Clyburn is an influential figure in the party, and other Democratic members have been sending a similar message to their colleagues who could be considering different rising stars to lead the ticket, according to a person who has been communicating this message.

Clyburn was “expressing his support for the president during this extraordinary period, and reminding voters and donors alike of his steadfast support for the second name on that ticket — Vice President Harris,” Marcus Mason, a DNC member, said.

Harris has so far refused to engage in any of the public strategizing. Since the debate, she has been Biden’s defender in chief, telling any camera in sight that voters should look at Biden’s successful 3½ years in office, not his 90 minutes of struggling in a debate.

In an interview with CBS News on Tuesday, Harris declined to answer a question about whether she is ready to lead the country if Biden is unable to, saying rather that she is “proud to be Joe Biden’s running mate.”

“Look, Joe Biden is our nominee,” Harris said. “We beat Trump once, and we’re going to beat him again. Period.”

Biden’s camp has said any discussion of a possible replacement is moot, since he is not pulling out. His campaign has tried to convince anxious supporters that despite a stumbling debate performance, he remains easily the best choice atop the party.

Jen O’Malley Dillon, Biden’s campaign chair, told donors at the Ritz-Carlton in Atlanta on Friday that “nothing fundamentally changed in the race” despite the furor over the debate. And the campaign has touted strong fundraising numbers in the days since.

“Joe isn’t just the right person for the job,” first lady Jill Biden said at a Saturday fundraiser in East Hampton, N.Y. “He’s the only person for the job.”

Many Democrats privately say they like Harris personally and as a symbol of change, but they wonder how a politician who has at times struggled in the brightest spotlight would contend with a potentially bruising campaign, one that could feature racist and sexist dog whistles and perhaps more overt bigotry.

Harris’s supporters argue that her last two years have shown more strides than missteps. She became a leading voice on abortion rights after the Supreme Court overturned Roe v. Wade in June 2022, seizing on a central plank in the Democratic platform and one that Biden sometimes seems uncomfortable discussing.

Harris has traveled the country to attack Republicans for eroding Americans’ rights, courting conflict with some of the GOP’s most vocal antiabortion voices. She has met with dozens of global leaders, including Ukrainian President Volodymyr Zelensky half a dozen times, developing a foreign policy portfolio she had earlier lacked.

Just as salient, supporters say, Harris is at the intersection of many of the principles Democrats say they stand for: diversity and inclusion, gender and racial equity. Some Democrats are coming to the conclusion that divorcing her from the ticket might speak louder than any campaign ad or messaging.

“At this moment, women feel under assault on abortion,” said Simmons, Harris’s former communications director. “People of color feel under assault on diversity and inclusion. It would be difficult to pick a ticket that does not include the first woman of color to be vice president.”

This post appeared first on The Washington Post
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Jared Golden unsure whether any Democrat can beat Trump in November https://fastgrowinginvest.com/2024/07/04/jared-golden-unsure-whether-any-democrat-can-beat-trump-in-november/ Thu, 04 Jul 2024 11:59:08 +0000 https://fastgrowinginvest.com/2024/07/04/jared-golden-unsure-whether-any-democrat-can-beat-trump-in-november/ Rep. Jared Golden (D-Maine) said Wednesday that he’s unsure what Democratic candidate could prevail over Donald Trump in November.

In his first interview since penning an op-ed in the Bangor Daily News, Golden stopped short of calling on President Biden to exit the presidential contest after his faltering debate performance. But he did predict that Biden would lose to Donald Trump in November. He added that he’s unsure whether Vice President Harris could beat Trump, either.

Asked whether he believes there is a Democrat who could prevail over Trump, Golden said, “I don’t know who can beat Trump in this current moment.”

And he panned the Biden campaign’s focus on safeguarding democratic principles as a winning message against Trump, calling it a “complete, abject failure.”

Golden, who sits in a district Trump won by roughly seven points in 2020, predicted that Biden would lose his Republican-leaning House district in November by a margin larger than Hillary Clinton did in 2016. He warned that a major loss in his district could be a warning sign for other vulnerable Democrats who have voted with the Biden agenda more often than he has.

Golden’s perspective comes as his fellow House Democratic colleagues continue to grapple with whether Biden should remain atop the Democratic ticket after a debate performance last week that has brought about more questions than reassuring answers from Biden’s orbit. Only one has so far publicly called on Biden to step aside: Rep. Lloyd Doggett (D-Tex.).

Golden and Rep. Marie Gluesenkamp Perez (D-Wash.), who co-chair the centrist Blue Dog Coalition, both publicly said Tuesday that Biden would not fare well in their swing districts.

But they stopped short of calling for Biden to exit.

“I recognize that I’m in not in a position to make that decision for Joe Biden. He is,” Golden said. “What I can say is what I think is going to happen if he is the nominee.”

Golden offered that perhaps another Democrat could beat Trump. But he didn’t say who, and he was bearish on Harris’s chances given that he hasn’t heard from constituents about her and how she fares in his district.

“I would love someone running for president in either party or both candidates to be fresh faces, like young with new ideas, not retreads of the past,” Golden said. “And that’s not what we’ve been given by either party in Donald Trump and Joe Biden.”

Golden’s decision to speak out was not meant to coincide with Doggett’s. Though he did not watch the debate, Golden said he knew he would have to put out a statement about Biden “because it’s what everyone in America is thinking” and talking about. He said it was notable to him that former House speaker Nancy Pelosi (D-Calif.) said on MSNBC on Tuesday that “it’s a legitimate question to say, ‘Is this an episode or is this a condition’ about the president.”

Golden’s message to his party goes beyond his warning about Biden and directly against a core argument Democrats are making. The Maine Democrat acknowledges the need to run local races but said he’s concerned that Democrats may be too keen on attacking Trump as a threat to democracy. He says, rather, that Democrats should be focusing on how their constituents are feeling economically and socially.

“The preferred campaign message of not just Joe Biden but a lot of Democrats that this election is about saving democracy happens to be a complete, abject failure. If you’re trying to appeal to, let’s say, just regular people or to, like, swing voters in swing states, it’s very clearly going to be about the economy, as it almost always is,” he said. “When you look at the last Congress, like, there’s plenty of good things that we did.”

Unlike most of his colleagues, Golden believes Democrats must tout the strength of American democracy — even though it was tested on Jan. 6, 2021. But he says the message should be that the system held because of government leaders who were willing to do the right thing and stand up to Trump and uphold the law. He believes Trump would be surrounded by similar people during a second Trump administration.

He echoes what many House Democrats have recognized since the debate: It’s imperative for them to win back the majority because they may be the only chamber that could act as a check on another Trump administration.

Golden stated, for instance, that the House could block a Republican majority’s attempts to reimpose Trump’s 2017 tax law, which slashed taxes for corporations and rich Americans.

“We’ve got good new laws that the Congress passed that we can run on. We should be talking about those things and reminding people, ‘Listen, when the Republicans are in control, like, you know what they do? They try and cut taxes for the rich,’” he said.

This post appeared first on The Washington Post
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Biden faces growing political crisis over response to debate performance https://fastgrowinginvest.com/2024/07/04/biden-faces-growing-political-crisis-over-response-to-debate-performance/ Thu, 04 Jul 2024 11:59:08 +0000 https://fastgrowinginvest.com/2024/07/04/biden-faces-growing-political-crisis-over-response-to-debate-performance/ President Biden found himself in a growing political crisis Wednesday as Democrats on Capitol Hill, the high-dollar donor community and even members of his own senior team became increasingly vocal about his muted response to concerns about his viability as the party’s standard-bearer after Thursday’s shaky debate.

The growing worry comes as Biden has told allies in recent days that he is in a tough moment and that he has to prove to voters in the coming days that he is up for the job, according to two people familiar with the conversations. His critics inside the senior ranks of the party argue he has done little over six days since the debate to directly address the deep concerns of Democrats and the voting public about his ability to handle the job.

Biden has only appeared in public three times since a rally Friday in North Carolina — for remarks on a Supreme Court decision, on extreme weather and at Stonewall National Monument in New York — to speak for a total of 22 minutes, exclusively while using teleprompters. He also attended a series of fundraisers and other weekend campaign events.

One senior campaign adviser called the situation “a deafening silence,” from the top, reflecting the concerns of other advisers who described a failure of the president to publicly demonstrate his fitness for office as panic built inside the party. Other longtime Biden allies — who like others spoke on the condition of anonymity to speak frankly — have described continued frustration about the political response and a growing conviction that a change needs to be made.

Biden spent much of Wednesday trying to push back on the concern by calling congressional leaders who had not heard from him, addressing his campaign staff and doing interviews with a series of Black radio stations ahead of a planned meeting with Democratic governors.

“The past few days have been tough. I’m sure you’re getting a lot of calls, and I’m sure many of you have questions as well,’ Biden told campaign staffers in a conference call, according to a person familiar with the remarks. “Let me say this as clearly as I possibly can and as simply and straightforward as I can: I am running. I’m the nominee of the Democratic Party. No one’s pushing me out. I’m not leaving. I’m in this race to the end, and we’re going to win because when Democrats unite, we always win.”

Vice President Harris, who was also on the call, added: “We will not back down. We will follow our president’s lead. We will fight, and we will win.”

Later, in a briefing for reporters, White House press secretary Karine Jean-Pierre said Biden is “absolutely not” planning to drop out as the presidential nominee.

Even those who still argue Biden remains the best candidate admitted lost ground in recent days, though hope remains that poll numbers will stabilize over the coming week. Some Democrats have begun openly considering the idea that Harris could replace Biden on the ticket to take on Republican Donald Trump in November.

“There is significant erosion among elected [officials] and donors,” said Dmitri Mehlhorn, a donor adviser working with outside groups to elect Biden. “But the elected and the donors do not represent the substantial part of swing voters who are in the battleground states.”

Biden’s campaign team insisted on a June debate with Trump to address voter apathy and concerns about Biden’s age. His stammering performance, instead, triggered alarm in the party and an increase in public concern about his competence, as measured by public polls.

Biden’s private outreach to lawmakers has also been minimal since the debate, prompting leaders within the party to express their surprise to others. Biden waited until Tuesday to speak with House Democratic leader Hakeem Jeffries (N.Y.) and until Wednesday morning to speak with Senate Majority Leader Charles E. Schumer (N.Y.) and former House speaker Nancy Pelosi (Calif.). His meeting Wednesday afternoon with Democratic governors was scheduled only after a request by Minnesota Gov. Tim Walz.

Some House Democrats continued to debate among themselves Wednesday whether to call on Biden to step down, with drafts of a possible public letter circulating. Two Democratic members of Congress — Jared Golden (Maine) and Marie Gluesenkamp Perez (Wash.) — publicly said Tuesday that Biden can no longer win, while Rep. Lloyd Doggett (Texas) said he should be replaced as the party’s presidential candidate.

On a text chain Wednesday morning, House members shared a new YouGov poll that showed Biden down two points to Trump. Another poll shared on the text chain showed that former first lady Michelle Obama would trounce Trump by 10 points.

The anxious lawmakers didn’t put any stock in the numbers but marveled at how “there’s all this potential to defeat Trump and it also says how much it’s being held back by Biden,” according to one lawmaker on the text chain.

Rep. James E. Clyburn (D-S.C.), one of Biden’s closest allies in the House, said Wednesday morning that he had still not spoken with the president. A spokesperson said the two connected later in the day.

“I think that the president should have a series of town hall-type meetings, engaging with voters, with the media,” Clyburn said. “I think he should not have his reactions to questions from the voters through a filter. Let him give unfiltered responses to their questions, and let the media report on it.”

Democrats involved in House and Senate races say much will depend on whether Biden’s polling continues to slide in coming days, and how that impacts Democratic candidates. There are some signs Republicans are moving to capitalize on Biden’s faltering debate performance. Arizona’s Republican Senate candidate Kari Lake plans to air a statewide ad that hits Democratic candidate Ruben Gallego on Biden’s decline, said one person familiar with the ad planning.

Biden advisers pointed to a coming schedule of events that could begin to address these concerns, including campaign travel Friday to Wisconsin and Sunday to Pennsylvania. He has a scheduled sit-down interview Friday with ABC News.

Both the campaign and the White House are hoping that a series of events in the days after the Fourth of July holiday will reassure voters and party insiders. They point out that no senior Democrats have called on him to step down.

The initial damage control after Thursday’s debate and the subsequent North Carolina rally was handled almost entirely by staff. Those private phone calls, video conferences and other presentations focused largely on other aspects of the campaign and offered no opportunity for questions or only screened questions. Top campaign staff have written multiple memos and emails to staff, donors and supporters asking for calm and redoubled work.

“The president and his team have been through the highest of highs and the lowest of lows. And you know what? That will continue,” Jeff Zients, the White House chief of staff, said on the White House call. “The only way to get through it is as a team.” He took no questions.

The encouraging talk about fundraising numbers and the grass-roots operation has failed to address the central concern that Biden himself is not up for the job, say several senior strategists who have decided in recent days that either Biden has to prove his ability or that Democrats need a new nominee. Allies have also pointed out that the focus on internal campaign polling and analytics — showing a stable race, with Biden trailing Trump slightly — has failed to address the question of how the debate performance affected Biden’s ability to overtake Trump before the fall.

The argument by top Biden advisers has long been that enough voters will ultimately choose to oppose Trump, but that argument lacks a clear empirical basis beyond polls that show a majority of the country remains open to supporting Biden in theory, people familiar with the situation said. The campaign has also been hit by external polling that has shown a sharper drop from Biden’s already poor standing in matchups with Trump and third-party candidates.

“’The polling isn’t changing’ is not a sufficient message,” said one Democratic veteran of presidential efforts, who reflected the sentiment of several other strategists. “The fundamental point is it is not about a single debate performance. It is about the shaky confidence that people had is now gone. And him giving two four-minute statements and reading a teleprompter at a rally and a fundraiser is not going to cut it.”

The high-dollar donor community, meanwhile, has overwhelmingly turned against Biden, according to people familiar with the conversations. Whether that has a material effect on fundraising if Biden stays in the race is less clear. In multiple cases, donor advisers say, large donations to outside groups that were expected have been withheld since the debate.

Liberal donor networks like the Democracy Alliance, American Bridge and the Strategic Victory Fund have all held calls in recent days where donors have expressed concerns about moving forward, though none of the calls resulted in formal calls for Biden to leave the race. Officials at one independent group has begun to review polling to see how their planned advertising will fare if Biden is not the nominee.

Multiple donors have described the debate performance as reflecting elements of Biden’s performance in smaller group settings at donor events in recent months, when he appeared halting and struggled to communicate. That recognition has fueled calls for him to step aside, according to people familiar with those conversations.

A business executive who helped arrange a fundraiser for the Chicago convention in the last year said the Biden team refused to let even major donors ask questions in a small group. That was shocking, this person said.

“I told them my donors don’t care about a photo. They want to talk to him. The Biden people just wouldn’t let them,” the person said. “It was clear they were managing him in a way I’ve never experienced before. Donors expect to get to talk to the president if you’re writing a big check and having an event with him.”

Multiple top party donors joined the chorus on Tuesday in phone conversations with Pelosi and Schumer to say that the current situation was not sustainable and a new nominee was needed, according to people familiar with the call. Spokespeople for Pelosi and Schumer declined to comment.

During a fundraiser in McLean on Tuesday night, he was in good spirits and spoke at a donor event without a teleprompter set up for the first time since the debate. He made light of his debate struggles — “I know I didn’t have my best debate nights” and suggested it was a result of jet lag. Biden returned to the United States from meetings in Europe 12 days before the debate.

Biden touted strong campaign fundraising since the debate. “So far, so good,” he said.

Members of Biden’s family have been firm in encouraging him to stay in the race, adamantly saying that he has a game plan and rebuffing suggestions that he would consider stepping aside, according to four people close to the family. “The family is still all-in,” one of them said, speaking on the condition of anonymity. “They’re still supportive.”

They have acknowledged the tough debate, and the tenuous moment, but have said absent high-level defections like Pelosi or Schumer, or a significant drop in polling data, he will remain as the party’s nominee. They also frequently point to others having often doubted him only for him to overcome expectations, a sentiment still coursing through many of the family members, the people said.

Josh Dawsey, Liz Goodwin, Paul Kane and Yvonne Wingett Sanchez contributed to this report.

This post appeared first on The Washington Post
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One question answered: The debate made Biden’s position worse https://fastgrowinginvest.com/2024/07/04/one-question-answered-the-debate-made-bidens-position-worse/ Thu, 04 Jul 2024 11:59:08 +0000 https://fastgrowinginvest.com/2024/07/04/one-question-answered-the-debate-made-bidens-position-worse/ There are an enormous number of questions lingering around the presidential race at the moment, nearly all centered on President Biden and nearly all of them downstream from his remarkably poor performance in last week’s debate.

The most obvious is whether Biden will drop out, allowing his party to nominate someone else as its candidate to run against Donald Trump in November. That question is different from but linked to the more urgent, unresolved question: Is Biden able to handle the job of the presidency now, much less in a year’s time?

Those questions are of central importance for the country but, in the cold calculus of politics, secondary for his party. Instead, Democrats are trying to figure out whether Biden might still be able to beat Trump despite the debate — or, more accurately, despite the debate’s reinforcement of questions about Biden’s age. Secondarily, the party is trying to figure out which Democrat might have a better shot at beating Trump. If Biden’s going to be replaced, the purpose would obviously be to demonstrably improve the party’s chances.

But such questions are very hard to answer. It is hard to know who might be better positioned than Biden against Trump both because Biden and Trump are still relatively close in polling and because it’s very hard to predict how a campaign will unfold with a new candidate suddenly thrust into the spotlight. Vice President Harris runs better than Biden and other oft-mentioned Democrats in CNN’s poll this week, but only subtly relative to margins of error. It’s simply impossible to say. So the party’s running on emotion more than anything — in part because of the lingering shock of the debate.

Here’s what we can say: The debate did not improve Biden’s chances. There are only so many events in a presidential campaign where candidates can count on an enormous amount of attention. Debates are among them. Biden came into this one running about even with Trump and needed to pull ahead. He didn’t, though it’s not entirely clear the extent to which he might have faltered.

We can also say that the poll that plays perhaps the most outsize role in the consciousness of Democratic elected officials and activists suggests that Biden lost ground. That’s the one from the New York Times and Siena College, a poll that thanks to the prominence of its sponsor, often drives discussion of the state of the race on the left.

The Times polled Americans before and after the debate, allowing us to see how things have changed. Among likely voters, that change was subtle: Trump led by four points before the debate and leads by six points now. Not a statistically significant shift — but also not a shift that suggests Biden accomplished what he needed to.

We can also dip into the poll to get a sense of what that shift might have looked like among certain voting blocs. We see, for example, a big shift among men (highlighted in the Times’ report on the poll), Hispanic Americans and among younger voters toward Trump. There was a big shift the other way among Black Americans.

But there are caveats to apply here. First, that the polls included smaller numbers of Black and Hispanic respondents, so the margins of error are higher.

More importantly, the numbers after the debate among men, young voters and Black voters look a lot like the numbers from the Times’s April poll. Then, men preferred Trump by 20 points compared to 23 points now. Black voters preferred Biden by 60 points; now it’s 65. Young voters preferred Biden by two points then and three points now. Views of the candidates among Hispanic voters, by contrast, did not revert to where they were three months ago.

The central question raised by the debate was whether views of Biden’s fitness to serve as president had changed. They did, again heavily among the groups identified above. Now a majority of Hispanic voters say that Biden’s age is such a problem that he can’t perform the job capably. So do men.

I should note, just to put some money on the table here, that I think another candidate would likely fare better against Trump. (Harris, for example, does better with young voters and voters of color, among whom Biden does unusually poorly.) I also think that it’s unlikely Biden beats Trump at this point, particularly given the role of the electoral college (which we’ll get to in a second). But I also admit that the numbers above don’t reinforce any of those assumptions concretely.

Besides, I offered a warning last week about relying too heavily on one poll. That warning stands, however appealing it might be to dig deep into that poll like an augur presented with a pile of animal entrails. So let’s instead look at 538′s average of polling nationally and in the five states that swung to Biden in 2020.

The vertical axis here is intentionally compressed to show movement. Which it does.

Since the debate, Trump’s widened his lead to about two percentage points. Since 538′s state-level averages are derived in part from the national average (since national shifts tend to trickle down to states), Biden’s lost ground across all five states in those averages. But, then, those shifts mirror those seen after the first debates in 2012 and 2020.

There is lots of evidence by now that the debate made the Democratic position worse even if, as the most hopelessly optimistic Dem might offer, it’s only because the debate didn’t help the incumbent president gain traction. Unfortunately for scrambling Democrats, the polls don’t do much to answer the questions above, whether Biden can’t beat Trump or which Democrat might be better positioned to do so.

The party is barreling toward what appears to be a cliff and can’t see over the edge.

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Civil War soldiers in wild train hijacking receive Medal of Honor https://fastgrowinginvest.com/2024/07/04/civil-war-soldiers-in-wild-train-hijacking-receive-medal-of-honor/ Thu, 04 Jul 2024 11:59:07 +0000 https://fastgrowinginvest.com/2024/07/04/civil-war-soldiers-in-wild-train-hijacking-receive-medal-of-honor/ Two U.S. soldiers, executed 162 years ago for their role in a daring Civil War mission to hijack a locomotive and sabotage a rail line vital to the Confederacy, were recognized Wednesday with the nation’s highest military decoration, joining several comrades whose audacious battlefield exploits were recognized generations ago.

Descendants of Pvts. Philip G. Shadrach and George D. Wilson, members of the Union Army’s 2nd Ohio Volunteer Infantry Regiment, received the Medal of Honor on their behalf during a White House ceremony led by President Biden.

“Every soldier who joined that mission was awarded the Medal of Honor, except for two soldiers who died because of that operation, but never received this recognition,” Biden said. “Today, we right that wrong.”

The event closed a decades-long campaign by the men’s families to rectify what they and many historians came to see as an unjust oversight in recognizing everyone involved in what became known as the Great Locomotive Chase.

Shadrach and Wilson were among a group of 24 who carried out the brazen plan in April 1862, commandeering a train outside Atlanta and blazing an 87-mile path of destruction north through Georgia to the Tennessee line with adversaries in hot pursuit. When the chase finally ended, the raiders were captured, and eight were put to death. Most escaped, though several were held as prisoners of war for nearly a year.

Nineteen soldiers received the Medal of Honor — including the first ever awarded — for their role in the mission. (Several of them were recognized posthumously.) Another soldier, captured before the raid began, later refused the award, historians said. Two others involved were civilians and did not rate it.

In an emotional discussion with reporters on Tuesday, Shadrach’s and Wilson’s descendants swelled with pride knowing that the efforts of their ancestors and their families’ grass-roots lobbying effort, alongside historians, will at last be recognized.

Some who made the trip to Washington were acquainted with the story long ago. Others, including Wilson’s great-great-granddaughter Theresa Chandler, learned from the Army only four years ago that her lineage included a prominent Civil War figure.

Now 85, she said it has reshaped a legacy nearly lost to history.

“I would have given anything,” she said, “to be able to say, ‘Grandpa, tell me about it. … What was it like?’”

The mission was born from a desire to destroy the South’s ability to move troops and military equipment.

Maj. Gen. Ormsby M. Mitchel, assigned by the Union to its Tennessee campaign, mulled how to best attack Chattanooga, a well-defended Confederate citadel located along vital water and rail lines. If invaded head on, the rebels could flood the area with reinforcements on train cars from the south and overwhelm U.S. forces, he concluded.

James J. Andrews, a civilian spy for the North, crafted a novel solution. A small team of volunteers would travel 200 miles into Confederate territory dressed as civilians, steal a train engine, and then destroy tracks and burn bridges to strangle the secessionists’ logistical lines.

The plan faced setbacks from the start, said Shane Makowicki, a historian with the U.S. Army Center of Military History. It had rained ahead of the mission, making it difficult to ignite the bridges. The soldiers lacked tools and had to improvise, he said. And while some had experience with trains, there were little if any preparations undertaken beforehand.

“That speaks to the courage and heroism of these men that they volunteered for this,” Makowicki said. “Today, if we were going to send people to do this, you have months or weeks of specialized training.”

The mission, lead by Andrews, began north of Atlanta in present day Kennesaw, Ga., where the team seized a locomotive named the General and its three boxcars. The conductor, William Fuller, gathered a party and gave chase on foot before taking over a hand car and eventually several other locomotives to catch up with the Union soldiers.

The raid party made periodic stops to tear out track ties and sever telegraph cables in a bid to prevent other Confederate troops from learning about the raid. Oncoming trains on the single track forced the General to stop several times, according to an Army summary of the mission.

In other cases, the raiders employed subterfuge to make it past authorities. At one stop, Andrews told a station master he was orders from Gen. P.G.T. Beauregard to deliver ammunition to Confederate troops in Chattanooga. The station master allowed them to pass.

As Fuller and his party closed in, the Union raiders aboard the General, low on wood to feed the engine, abandoned the locomotive 18 miles short of Chattanooga, the Army said. The men scattered, but all were eventually captured within two weeks.

Chattanooga fell the next year.

Andrews and seven others, including Shadrach, 21, and Wilson, 32, were tried as spies and saboteurs and hanged. Jacob Parrott, who was severely beaten in captivity, was among those who survived the ordeal and later made history as the first service member to receive the Medal of Honor.

Historians and family members could only speculate why Shadrach and Wilson were overlooked for so long. The unit was involved in heavy fighting afterward, and officers who would have kept track of such accomplishments were pushed to other units, said Brad Quinlin, a historian and author involved in advocating the men’s Medals of Honor.

Some members of the Shadrach family had pushed for the recognition since the Carter administration, they said. A 2008 spending bill included a provision to award the medal to the two men, but momentum did not pick up until 2012, when Quinlin and family member Ron Shadrach met. They later submitted fresh evidence for defense officials to review.

“There was nothing anywhere in any of my research, any documentation, that said these men did not do what the others have done,” Quinlin said.

Although the mission ultimately failed, it is remembered as a prominent moment of the Civil War and has yielded books and films, including Buster Keaton’s “The General” in 1926 and “The Great Locomotive Chase” in 1956.

Brian Taylor, Shadrach’s great-great-great-nephew, said delving into family history left him in awe, and doing so with his father deepened their relationship. They lovingly call Shadrach “Uncle Stealer,” and Taylor once climbed aboard the General, now a museum piece in Georgia.

Ahead of the White House ceremony, Taylor strummed an acoustic guitar and crooned a song he wrote about the mission. “Do it for the glory, boys,” he sang, “because you may not find your way back home tonight.”

This post appeared first on The Washington Post
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Jindalee Lithium Limited (ASX: JLL) – Reinstatement to Quotation https://fastgrowinginvest.com/2024/07/04/jindalee-lithium-limited-asx-jll-reinstatement-to-quotation/ Thu, 04 Jul 2024 11:59:06 +0000 https://fastgrowinginvest.com/2024/07/04/jindalee-lithium-limited-asx-jll-reinstatement-to-quotation/ Description

The suspension of trading in the securities of Jindalee Lithium Limited (‘JLL’) will be lifted immediately, following the release by JRL of an announcement regarding a capital raising.

Issued by

ASX Compliance

Click here for the full ASX Release

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Top 3 Canadian Biotech Stocks of 2024 https://fastgrowinginvest.com/2024/07/04/top-3-canadian-biotech-stocks-of-2024/ Thu, 04 Jul 2024 11:59:06 +0000 https://fastgrowinginvest.com/2024/07/04/top-3-canadian-biotech-stocks-of-2024/ Biotech is a dynamic industry that is driving scientific advancements and innovation in healthcare.

According to Grandview Research, the global biotech market was worth US$1.55 trillion in 2023, and the firm expects it to grow at a CAGR of 13.96 percent between 2024 and 2030 to reach a value of US$3.08 trillion.

Data on Canadian biotech stocks was collected on July 2, 2024, using TradingView’s stock screener and companies listed had market capitalizations of over C$50 million at that time. Companies on the TSX, TSXV and CSE were considered, but no TSXV-listed stocks made the list this time. Read on to learn what’s been driving these biotech firms.

1. ME Therapeutics Holdings (CSE:METX)

Company Profile

Year-on-year gain: 7,900 percent; market cap: C$93.45 million; share price: C$4.00

ME Therapeutics Holdings is a biotechnology company focused on developing cancer-fighting drug candidates that can increase the efficacy of current immuno-oncology drugs by targeting suppressive myeloid cells, which have been found to hinder the effectiveness of existing immuno-oncology treatments. Immuno-oncology is a relatively new area of cancer drug research, and has shown promising results when used to treat cancer with low survival rates.

In December 2023, ME Therapeutics announced that its most advanced preclinical asset, h1B11-12, an antibody targeting G-CSF, had been found to bind to and neutralize G-CSF in lab tests and animal studies. Studies conducted with Dr. Kenneth Harder’s laboratory at the University of British Columbia revealed that G-CSF is involved in many different processes influencing how breast and colon cancers grow and spread.

In a January update, ME Therapeutics shared that preliminary results for clinical trials of h1B11-12 on non-human primates were tolerated well up to a dose of 10 milligrams per kilogram. The next step is to study how the drug behaves inside the body, which will help the company plan future research and decide how to continue developing h1B11-12.

ME Therapeutics saw a major share price boost on February 27, when it announced a non-brokered private placement to raise gross proceeds of up to C$1.55 million. It said it was unaware of any other change that would account for the rise.

2. Medicenna (TSX:MDNA)

Company Profile

Year-on-year gain: 172.86 percent; market cap: C$153.89 million; share price: C$1.91

Medicenna is a clinical-stage immuno-oncology company specializing in the development of innovative therapies for patients with challenging unmet needs. Its focus is on creating novel, highly selective versions of cytokines, such as IL-2, IL-4, and IL-13, which it refers to as ‘Superkines’ and ’empowered superkines.’

Cytokines are small proteins that play a crucial role in regulating immune responses and helping cells communicate. Interleukins, which Medicenna says are at the core of its therapies, are groups of cytokines. The company’s interleukins are engineered to fuse with specific molecules to optimize their function.

Medicenna’s mission is to leverage its expertise in cytokine biology to design life-changing therapies that can potentially transform people’s lives. Its therapies treat solid tumors, which have a low response rate to conventional cancer treatments, and autoimmune and neuroinflammatory diseases.

In April, the company shared the news that its lead candidate, MDNA11 has demonstrated therapeutic activity and an acceptable safety profile during clinical trials of monotherapy dose escalation in treating patients with advanced solid tumors. Late in the month, the company also closed on a C$20 million investment from RA Capital Management. The positive news flow provided enough momentum to push shares of Medicenna to a year-to-date high of C$2.85 on May 31.

More recently, Medicenna received regulatory approval for the European Medicines Agency to expand its phase 1/2 clinical trial of MDNA11 as a monotherapy and in combination with Keytruda to Europe.

3. Cardiol Therapeutics (TSX:CRDL)

Press ReleasesCompany Profile

Year-on-year gain: 116 percent; market cap: C$188.37 million; share price: C$2.70

Cardiol Therapeutics is a biopharma company developing innovative treatments for inflammation and fibrosis in cardiovascular conditions. Its research is concentrated on pericarditis, which is inflammation of the membrane surrounding the heart; myocarditis, or inflammation of the heart muscle; and heart failure.

Cardiol currently has two drug candidates in its pipeline. CardiolRX, the company’s lead candidate, is an orally administered cannabidiol that is being clinically studied for use in rare heart diseases, including recurrent pericarditis and acute myocarditis. Cardiol is also developing CRD-38, a drug formulation of cannabidiol that is administered subcutaneously for treating heart failure.

The company’s share price began a significant rise in mid-February, when the US Food and Drug Administration granted it orphan drug designation for CardiolRx. Less than a week later, Cardiol completed patient enrollment in a Phase 2 open-label pilot study investigating the safety, tolerability and efficacy of CardiolRx in patients with recurrent pericarditis.

The company went on to release positive top-line results in mid-June, which Cardiol President and CEO David Elsley said demonstrated ‘that oral administration of our small molecule CardiolRx led to marked reductions in pericarditis pain and inflammation.’ The company believes the results will help move the drug to Phase 3 clinical trials.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
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From EVs to Energy: Experts Explore Cleantech Investment Opportunities at Collision https://fastgrowinginvest.com/2024/07/04/from-evs-to-energy-experts-explore-cleantech-investment-opportunities-at-collision/ Thu, 04 Jul 2024 11:59:06 +0000 https://fastgrowinginvest.com/2024/07/04/from-evs-to-energy-experts-explore-cleantech-investment-opportunities-at-collision/ At this year’s Collision event, a clear message emerged from industry experts: cleantech is no longer a niche market, but a mainstream investment opportunity with significant growth potential.

The sector has evolved beyond early stage venture capital funding, now encompassing a wider range of investment channels. From infrastructure projects like modernizing power grids and developing sustainable transportation systems, to energy storage solutions and eco-friendly buildings, the cleantech sector is poised for a new era of investment.

In a panel discussion at Collision, which ran from June 18 to 20 in Toronto, Canada, Andrew Beebe, managing director at Obvious Ventures, compared cleantech’s early days to those of the internet — there wasn’t much investment interest. In fact, he recalled, venture capitalists initially didn’t even know what the internet was.

“And then like two years later, they all had internet funds. And then two years after that, they stopped calling them internet funds, because they were just funds, they were just technology — because the internet was clearly going to be part of the global fabric of our economy. And I think the same thing is happening in climate,’ he said.

DCVC partner Rachel Slaybaugh noted that mainstream investment in climate solutions is increasing as the economic benefits become clearer. She pointed to electric vehicles (EVs) as a compelling example, saying they offer a lower total ownership cost and a positive driving experience. In her opinion, this shift reflects a growing understanding of the economic viability of climate solutions, moving beyond early adopters driven by a desire for impact.

Chante Harris, founder and managing partner at Eunoia, echoed that statement during a separate panel. “When I think of conscious investments, I think about how we are building both towards returns and impact,” she said.

Harris went on to say that in recent years there has been a surge in venture capital funding for cleantech.

“Seventy percent of all venture capital last year went into climate technology, a huge win for the space. At the same time, two-thirds of that actually went into hardware,’ she told listeners at the conference.

This surge in venture capital funding has coincided with various policy and market drivers; Harris said that in the US over US$300 billion has been committed to climate solutions through the Inflation Reduction Act, the Chips Act and the Bipartisan Infrastructure Law, which contain provisions that could indirectly lead to environmental benefits.

She also highlighted the importance of cleantech for corporations seeking to achieve net-zero goals, emphasizing that they are essential for companies to meet their objectives.

5 cleantech investment opportunities to watch

1. Nuclear energy and hydrogen

Among the cleantech investment opportunities discussed at Collision was nuclear fission, especially micro and small modular reactors, which will be able to help fill growing demand for clean power.

Slaybaugh noted that Amazon’s (NASDAQ:AMZN) recent purchase of a nuclear-powered data center exemplifies this shift. In addition, she pointed to hydrogen as a potentially transformative clean fuel source due to the simplicity of extracting it from the ground compared to building electrolyzers.

“If we can make it work, there’s a real chance to have the economics of hydrogen be really transformative,” she said.

2. Hydro power

Curtis VanWalleghem, co-founder and CEO of Canadian energy storage startup Hydrostor, highlighted the challenges associated with wind and solar energy while showcasing his company.

He emphasized their unpredictable nature, which can lead to curtailment during periods of surplus and intermittency when wind or solar energy isn’t available. He identified a need for new long-duration storage solutions.

“Historically, people think of storage (and) they think of lithium-ion batteries and pumped hydro. And those are the two kinds of leading storage solutions, but they do have limitations. Lithium-ion batteries degrade, they’re pretty costly to build and they have a short life. Pumped hydro, on the other hand, uses a lot of water, a lot of space and it’s very challenging to find sites where you can build additional ones,” he told the audience at Collision.

Hydrostor’s Advanced Compressed Air Energy Storage technology uses water pressure to store compressed air, releasing and combining it with stored heat to generate electricity. “The big advantage versus lithium-ion is our system lasts 100 years and never degrades, and to add an hour costs US$50 per kilowatt hour of storage capacity. A lithium-ion costs about US$300, it lasts 10 years and fades every year that it’s operating,” said VanWalleghem.

The firm has an operational facility in Ontario, and in a few months will begin construction of a plant in Australia that will power a small mining town with 100 percent renewable energy. Projects are also set to begin in California next year.

“Our business plan has us in the next 15 years contracting and starting construction on 100 of these Advanced Compressed Air Energy Storage facilities,” VanWalleghem said.

3. Electric vehicles

While emerging clean technologies are gaining traction, established cleantech solutions are also seeing continued advancements. John Rizzo, chief technical officer at InductEV, highlighted how his company is developing wireless EV chargers to address insufficient charging infrastructure, which is hindering widespread adoption.

“Our approach is to charge the vehicles wirelessly while they’re going about their route. Imagine a bus that’s going about its route stopping at a bus station, or imagine a loading truck going to a loading dock, stopping for 45 minutes, and it’s charging then,’ he said, noting that this allows for much more flexibility.

Tom Guy described how Etc., an incubation arm of BT Group (LSE:BT.A,OTC Pink:BTGOF), is piloting a project to repurpose decommissioned street cabinets that used to store broadband and telephone cables into EV charging ports.

“We’ve got power in the right places,” he said about his company. “So what we’re doing now is learning how to control the power and create a charging network across the (United Kingdom).”

4. eVTOL aircraft

Archer Aviation (NYSE:ACHR), a company at the forefront of developing electric vertical takeoff and landing (eVTOL) aircraft, also took to the stage. Chief Regulatory Affairs Officer Billy Nolen described his company’s forthcoming plans to offer affordable urban air mobility as a sustainable, efficient alternative to traditional aviation.

“We’re one of only two companies in the US to receive what we call our airworthiness criteria from the Federal Aviation Administration. We have received our Part 135, which allows us to operate commercially; we received our Part 145, which allows us to repair our own aircraft, and this year we are moving into what we call our four credit flight testing with the Federal Aviation Administration,’ he explained at the conference.

Speaking about the Archer Midnight, which has been described an an electric air taxi, Nolen emphasized how its distributed propulsion — six five-blade motors on the front and six two-blade motors on the back — results in a significantly reduced failure rate compared to helicopters, which have just two motors.

The Archer Midnight will be able to transport a pilot, four passengers and their bags, will reach speeds of up to 150 miles per hour and will have a range of up to 100 miles. The company plans to enter the market with a price structure comparable to that of Uber (NYSE:UBER) Black, with the ultimate goal of driving costs down to a price point similar to Uber X. The company has aggressive growth plans in place, with visions of affordable urban air mobility by 2028.

“I expect that over the next six months, nine months, 12 months, you’ll see eVTOLs in the news all the time because we will begin to do more flying or testing,” said Nolen. The company is initially launching its service in New York City in collaboration with United Airlines (NASDAQ:UAL), aiming to provide air taxi travel from Newark Airport or JFK Airport to midtown Manhattan, which typically takes one to two hours by car due to traffic. According to Nolen, the trip could be completed in just 15 to 20 minutes with Archer Midnight. Similar services are planned for Chicago, and the company recently established a network in San Francisco. Service is expected to begin sometime in 2025.

Nolen also revealed that Archer is working closely with the United Arab Emirates, with a contract in place to start service there with the Archer Midnight in 2026. The company also plans to establish service in India, and has announced a deal with Korea’s version of Uber, called KakaoMobility.

Investor takeaway

Discussions at Collision highlighted the increasing mainstream interest and investment in cleantech. The growing demand for viable clean energy solutions is driving significant venture capital funding into the market, with a focus on clean sources of fuel and transportation, as well as innovative energy storage solutions.

The emergence of new investment opportunities in cleantech underscores the shift toward sustainable and impactful investments that not only aim for returns, but also contribute to environmental benefits.

As the world continues to prioritize environmental sustainability and climate action, it’s evident that cleantech is becoming an integral part of global investment strategies. The ongoing commitment to advancing climate solutions and the development of innovative technologies will play a crucial role in shaping a more sustainable future.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
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First Diamond Drilling Results at Ricciardo Deliver High-Grade Gold Extensions https://fastgrowinginvest.com/2024/07/04/first-diamond-drilling-results-at-ricciardo-deliver-high-grade-gold-extensions/ Thu, 04 Jul 2024 11:59:05 +0000 https://fastgrowinginvest.com/2024/07/04/first-diamond-drilling-results-at-ricciardo-deliver-high-grade-gold-extensions/ Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to provide an update on drilling progress and release the first results from diamond drilling undertaken at the Ricciardo deposit within its Golden Range Project, located in the Murchison region of Western Australia (Figure 1).

HIGHLIGHTS:

Next phase of drilling activities progressing strongly at Ricciardo and M1.
Approximately 5,030m RC (29 holes) and 1,420m diamond drilling (16 holes) completed to date.
The first diamond drilling undertaken at the 2.3km long Ricciardo deposit by any operator in ten years.
Assay results returned for the first four (4) diamond tails (255m) of the program at Ricciardo have seen all holes intersect significant gold intervals, including:

19m @ 4.94 g/t Au from 188m (RDRC039 DD) * includes contiguous final RC result of 4m @ 14.49 g/t from 188m
12m @ 6.98 g/t Au from 110m (RDRC040 DD) inc. 3m @ 22.12 g/t Au from 112m
16m @ 2.30 g/t Au from 243m (RDRC055 DD) inc. 6m @ 3.13 g/t Au from 252m
17m @ 2.38 g/t Au from 264m (RDRC055 DD) inc. 8m @ 4.03 g/t Au from 273m

Delivers further high-grade extensional success to existing Mineral Resource Estimate (MRE) model below the Silverstone North pit (Holes 40, 55) and infill confidence to MRE below northern end of the Ardmore pit (Hole 39).
These outcomes build on the growth in high-grade deposit margins delivered at Ricciardo from the significant RC program executed earlier this year.
Ricciardo sits in the middle of the 25km-long ‘Golden Corridor’ at Golden Range, which hosts six discrete deposits (18 historic pits) that are all open at depth and possess immediate growth potential.
The ‘Golden Corridor’ is Warriedar’s key exploration focus in 2024.

This is the first diamond drill program at Ricciardo since 2014, when just three (3) diamond holes were drilled by the previous operator.

The results reported in this release are for four (4) (255m) of the 16 (1420m) diamond holes drilled to date. Approximately 2,200m of diamond drilling is planned as part of the current phase of combined RC and diamond drilling at Ricciardo and M1.

The results from these initial four diamond holes extend the high-grade shoot below the Silverstone North pit and infill a previous gap in the high-grade zone of the MRE below the northern part of the Ardmore pit (adding confidence and continuity to the MRE in this area).

These outcomes, while stemming from only a small part of the overall current phase of drilling, continues to demonstrate the outstanding MRE growth potential that exists at Ricciardo and along the broader ‘Golden Corridor’ trend.

The Ricciardo gold system (within the Golden Range Project) spans a strike length of approximately 2.3km, with very limited drilling having been undertaken below 100m depth. Ricciardo possesses a current Mineral Resource Estimate (MRE) of 8.7 Mt @ 1.7 g/t Au for 476 koz gold.1 The oxide material at Ricciardo has been mined by previous operators.

Click here for the full ASX Release

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Jindalee Lithium Limited (ASX: JLL) – Trading Halt https://fastgrowinginvest.com/2024/07/04/jindalee-lithium-limited-asx-jll-trading-halt/ Thu, 04 Jul 2024 11:59:05 +0000 https://fastgrowinginvest.com/2024/07/04/jindalee-lithium-limited-asx-jll-trading-halt/ Description

The securities of Jindalee Lithium Limited (‘JLL’) will be placed in trading halt at the request of JLL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 July 2024 or when the announcement is released to the market.

Issued by

ASX Compliance

Click here for the full ASX Release

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