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A WA Supreme Court judge just handed down a 1,600 page ruling Gina Rinehart (worth $40 billion) must pay royalties to rival mining families from a deal her father made in the 1960s.
The dispute has been running for over 40 years.
Hope Downs, the mine at the centre of it, made $832 million for Hancock Prospecting last year alone. Rio Tinto pays 2.5% royalties to Hancock.
The court ruled half of that now belongs to the Wright family. Around $18 million a year, but multiplied across every year the mine has operated.
The trial ran 51 days and cost an estimated $250,000 a day in legal fees. 2 doz

OpenAI just bought a personal finance startup to build what the founder called an “AI personal CFO” into ChatGPT
The startup, Hiro Finance, was 5 months old, with about 10 people. This is OpenAI’s second fintech acquisition in under a year but nobody really noticed the first one either.
A financial advisor is legally required to act in your best interest. That’s called fiduciary duty. But ChatGPT has no such obligation to anyone. There’s no law, regulator or liability so it can recommend whatever it wants.
62% of Gen Z says they’d already use AI for financial planning. OpenAI has a billion use

Western Australia just bought its own diesel reserve.
Not from the federal government but a separate state owned stockpile, stored in Wyndham in the Kimberley, controlled entirely by WA. Not to be shared with any other state.
The reason is that some of the fuel counted in Australia’s national reserve isn’t physically located in WA. It can’t reach remote communities, mining operations or farms when the distribution chain breaks down, which it did in March, when some WA miners were running on 5 days of supply.
WA uses a quarter of Australia’s total diesel. The deal they just signed is 4 million

Pistachio prices just hit an 8 year high because Iran (the world’s second largest producer) is at war.
Here’s what else is at risk:
—🌿 Saffron: 90% of global supply
— 🥜 Pistachios: 30% of global production
— 🐟 Beluga caviar: 45% of global supply
— 🪨 Zinc: largest reserves globally
— 🔶 Copper: among one of the largest reserves
—⛽️ Natural gas: 2nd largest reserves globally
—🌴 Dates: top 5 producer worldwide
—🪡 Handmade carpets: 30% of global supply
Pistachios are only the second to move.

What if I went to the Strait of Hormuz and created my own toll booth.

A thought I keep coming back to. BTC has never closed two red years in a row. 15 years of data and every single red year was followed by a green one.
2025 closed red. Only down 6% which honestly hides how bad it actually was. We hit 126k in October and still closed the year lower than where we started. That’s a 30% drawdown hidden inside a candle that looks almost flat.
2026 is down over 20% so far, needs to close above 87.5k to keep the streak alive and that’s 25% from here. The 4 year cycle everyone trades off is compressing and the market hasn’t adjusted to that yet.​​​​​​​​​​​​​​​​
Not say

The petrol in my tank has outperformed my portfolio every single week since February.

I’m not kidding, I just paid $50 for bacon eggs and coffee. What the hell is going on with the price of things in Sydney?

Honestly thought Pride of Jenni had it in the bag. Bad day for me against the bookies

The FBI just pulled deleted Signal messages off an iPhone.
Although Signal’s encryption is intact the flaw is that iOS stores notification previews in a separate database the second you receive a message, and that database doesn’t clear (for 30 days) even if you delete the message.
To turn it off: Settings → Notifications → Show Previews → Never.
That kills the preview. Without previews nothing is stored.
Your phone is logging everything happening on it in places you’ve never thought to look.​​​​​​​​​​​​​​​​
This applies to all apps. Remove notification previews to stay secure!

Is anyone interested in a free private jet flight to Monaco for the F1 Grand Prix?
Looking for 1 or 2 more people to join.
Paddock access, yacht on the harbour, best seats on the circuit, and we will head to Cannes for some after parties before flying back home.
DM me if interested. Preferably someone with a private jet, yacht, and the tickets, otherwise we can’t go.