Noosa Mining Conference 2024
It has not started yet, but I had fun Bugatti spotting...
The middle of winter is an excellent time to leave Canberra!
The Viking and I migrate north to the Noosa Mining Conference.
This is a great conference for small-cap mining companies in the hardship location of Noosa Heads. My parents once lived here, and we were frequent holidaymakers.
There was a period where the beach was a bit crook, but that is all fixed now.
This year we came early to catch the Noosa Concours D’Elegance on Hastings Street.
That was fun. It is a free event. You just wander up and down looking at cars.
I enjoy the old marques the most, and the above Bugatti was splendid. The owner was there and so we had a great chat. He and his father were both mechanics. His father found the car in a shed in Adelaide and was given the car to take away.
That was 64 years ago.
It took tremendous effort to restore with original Bugatti components sourced over six decades of searching. The engine here, other components elsewhere.
I love stores like that.
Persistence and perseverance got the father and son team to their destination.
It is nice reminder of what is most important in life.
As the owner remarked, it is far too precious to sell. There were countless shared hours in restoring the vehicle to racing condition.
On that front, the owner explained that he had taken it up to 100kmh, and in an open wheeler with pretty dodgy real-wheel drum brakes, that was fast enough for him.
The best part was that these old Bugatti cars had no speedometer.
Only the tachometer.
For a Bugatti driver, the tachometer was enough.
Without effective brakes, who cares about the speed you are going?
Quick snapshot of the gold market
Gold looks set to retest the all-time high as investors bet on US rate cuts.
With this bull market set to extend we look at the larger ASX listed gold stocks.
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