market wrap--politics/Falklands--Euro

24.02.2010.

Cyprus--Eurocypria gets bail out Eu35mm.

            New legislation soon to ease no smoking ban

            Fears re knock on effect from greece

            Developer in trouble?

Chile--salmon farms closed due to infected fish--Chile is huge in this business and the price of salmon will rise

Dubai--will complete metro system with Government funds

          Creditors up in arms re proposed debt settlement

China---rumours of Yuan getting backed by gold

Spain--banks are hurting--property to still fall another 20/30%?

Germany--Frau Merkel is happy with Geek demise---gets Euro lower and helps USD exports

UK---great numbers--as forecast from--Devro/Barclays/Thorntons---which is also going to make boiled sweets--yummie!My old school friend Algie Cluff does it again--selling Cluff Gold--mysteriously leaked in press!?

Budget March 15?---rumours of a snap election shortly afterwards or May 6

Falklands--the rig is there and drilling begins NOW---statiscally with new techniques a 40% chance of hydrocarbons with every spudding--to last at least 6 months--first drilling report due March 15?The drilling rig ic chartered from a US company--Arcadia and the US would not take kindly to any Argie Bargey!Give the Argentinians 5% and refinery business if not i am sure Uraguay or Brazil would help!This prospect will present undreamed of trading/investment opportunities--Shell did find oil there when oil was USD10 per barrel--and now we have horizontal drilling AND 3D seismic tech.---bring it on!!

lets go for it!