Mining/Energy/Resources/Biz/Markets/Pop Culture
The Business Of Everything Edition! Part IV
Sin City Sydney Australia, Wall Street, New York, and Beyond The Black Stump
Digital Bush Telegraph
Spread The Risk!
"Wall Street Shuffle" (10cc)
"Poker Face" (Lady Gaga)
"I've Got Friday On My Mind" (The Easybeats)
Road To WWE Night Of Champions and Road To UFC Freedom 250: This Weekend!
Past, Present And Future
June 2026
June 12
Markets
ASX 200 futures up 146 points/1.7%: 8794
AUD 0.7% to US70.51¢
Bitcoin $62,870.19 0.28%
Wall St:
Dow 1.9%
S&P 1.8%
Nasdaq 2.5%
VIX -2.78 to 19.44
Gold 3.5% to $US4213.48 an ounce
Brent oil -4.3% to $US89.12 a barrel
Iron ore 0.2% to $US101.65 a ton
10-year yield:
US 4.46%
Australia 4.89%
News
Numbers Double Check
Australian Dollar: $0.7044 USD (up $0.0044 USD)
Iron Ore: $101.65 USD (up $0.10 USD)
Oil Price (West Texas): $86.44 USD (down $5.41 USD)
Gold Price : $4,210.91 USD (up $139.15 USD)
Copper Price: $6.3915 USD (up $0.1920 USD)
Dow Jones: 50,848.75 (up 929.97 points)
Shares
TKO Holdings
$213.70
7.27 3.52%
*bullish lift upon settlement!
Alphabet Inc Class A
$357.77
1.39 0.39%
Paramount Skydance Corp
$10.49
0.18 1.75%
News (Australia)
The Australian sharemarket lost ground on Thursday, after the US launched further attacks on Iran; the S&P/ASX 200 eased 0.2 per cent to close at 8,633.2 points, having reached an intra-day low of 8,555.3. Ora Banda Mining was down 6.4 per cent at $1.02, NextDC fell 4.2 per cent to $14.50 and Westpac shed 2.6 per cent to end the session at $34.50. However, Karoon Energy rose 4.6 per cent to $2.05 and CSL was up 4.2 per cent at $107.23. (RMS)
News
SpaceX IPO Nears, Pushing Elon Musk Toward Trillionaire Status
SpaceX plans to price shares at $135 each on Thursday, valuing the company at $1.77 trillion and raising up to $75 billion in the largest IPO ever, with trading possibly starting Friday on Nasdaq under SPCX. Musk's 42% stake would be worth $740 billion to $866 billion, combined with his $300 billion-plus Tesla holdings pushing his net worth over $1 trillion according to Forbes and Bloomberg estimates. Prediction markets give 96% odds he'll be the first trillionaire by year-end, amid X users celebrating employee windfalls and free markets while others decry economic inequality, with jokes about Musk's riches flying alongside analyst cautions on risks. (Media Man Peg-On): To the Moon, Mars and Beyond. Real Life Iron Musk firing on all cylinders. Investors getting stars in their eyes?! Record Breaking Rocket Man!?
News
News Lead Up
(ICYMI)
Gold News
Gold: has it bottomed out at $4,300
Gold is trying to find a bottom, bracing for the US CPI release
China continues to buy gold for the 19th consecutive month
The US dollar retreated after Israel and Iran announced a ceasefire. Donald Trump urged them not to shoot at each other. Nevertheless, the adversaries reserve the right to resume hostilities, keeping tensions high in the Middle East, which supports the greenback as a safe-haven asset.
Investors are fixated on Donald Trumpâs determination to strike a deal with Tehran at any cost and are using the positive news to buy EURUSD. However, according to BMO Capital Markets, headlines are noise, whilst regime change is the signal. Oil prices will not collapse following the reopening of the Strait of Hormuz, and high US inflation is set to persist for some time. The new administration will force the Fed to raise rates and make the US dollar the favourite in the forex market. The firm recommends buying the greenback against the euro, the pound and the yen.
This reasoning holds. With low unemployment and a tight labour market, any acceleration in US economic growth will lead to higher wages. This will push consumer prices upwards and prompt the Fed to tighten monetary policy. The federal funds rate could be raised even now. Inflation has long exceeded the 2% target, and the labour market is at its strongest since 2024.
The prospect of the Fed moving towards monetary tightening, combined with rising oil prices due to the escalation of the conflict in the Middle East, has pushed gold back to levels seen at the start of 2026. The precious metal has wiped out all its gains this year due to the strengthening US dollar and rising Treasury bond yields.
Even active buying by central banks is failing to help gold bulls. The Peopleâs Bank of China increased its reserves by 320,000 ounces in May, having purchased gold continuously for 19 months. This is the longest such streak since 2015, when regular publication of these statistics began.
The next test for gold will be the May US inflation report. Consumer prices are expected to rise from 3.8% to 4.2%, and core CPI from 2.8% to 2.9%. Such trends will increase the likelihood of the Fed tightening monetary policy and put pressure on gold.
Summary: Gold is under pressure from a strong dollar and expectations of accelerating US inflation. Even Chinese buying is not helping: the increased likelihood of a Fed rate hike is heightening the risks of a decline. (FxPro)
News
Sports/Gaming
Kristen Foxen Wins Sixth WSOP Bracelet and $1.77 Million in High Roller
The Canadian pro topped Galen Hall heads-up in the $25,000 High Roller No-Limit Hold'em 8-Handed event at Horseshoe and Paris Las Vegas, earning a career-high $1,773,083 and pushing her total live earnings over $20.7 million. Hall took second for $1,182,050, with Biao Ding third at $819,504; the final table included Joey Weissman, Ignacio Moron, and others. Foxen's six bracelets now match an elite group of 11 playersâtwice as many as any other womanâand peers like Patrick Leonard hail her as possibly the best No-Limit Hold'em player in WSOP history. (Media Man Peg-On): Sport, Gambling or both?!
News
Danhausen Claims 7x WWE Grand Slam After Pinning Miz Seven Times
During WWE's Summer Tour stops in Strasbourg, Lisbon, Madrid, Bologna, and Rome from June 2-6, Danhausen racked up clean wins over Miz at non-televised events. He based his bold claim on Miz's real Grand Slam status, prompting fans to joke he's actually 14x and cheer him as the GOAT. While some critics want more TV time, supporters point to his merch success, sold-out crowds, and house show dominance. (Media Man Peg-On): News Hausen, Media Hausen. X News Grand Slam. Danhausen def AEW curse?!
News
Saudi Arabia step up push for direct flights to Australia
Australian cattle exporters have had to contend with limited access to air freight to countries in the Persian Gulf region since the Iran war began, as well as higher frieght costs. However, Saudia Cargo will shortly commence direct flights to Avalon Airport in Victoria and the Toowoomba Wellcamp Airport in Queensland. Australia Saudi Business Council chairman Sam Jamsheedi says this will allow fresh meat from Australia to arrive in Saudi Arabia within 14 hours. He adds that negotiations have commenced for Riyadh Airlines to begin premium passenger flights on Australia-Middle East routes, in competition with established rivals Emirates and Qatar Airlines. (Media Man Peg On): Aussie beef may be the best in the world. Saudi knows quality. Take it to the bank! Aussie lamb takes a back seat?! Don't start us on Kangaroo!
News
(ICYMI)
(Aust)
News
Mining: Australia
Mining giants fuel surge in renewables financing
Construction of 2.6 gigawatts of solar energy projects has begun in Australia since the start of 2026. Data from consulting firm Rystad Energy shows that nearly 95 per cent of these projects feature a storage battery. Factors such as the falling cost of batteries has boosted investment in solar projects, while Rio Tinto and Fortescue have also ramped up spending on such projects to supply energy to their operations in Australia. Federal Energy Minister Chris Bowen says the 'green' energy rollout is putting downward pressure on electricity prices. (RMS) (Media Man Peg On): Developing situation!
Invest/gamble at own risk!
News
Bitcoin News
Bitcoin is losing the confidence of major holders
Market Overview
The crypto market capitalisation has been rapidly shrinking since the start of the new week, falling by 5% to $2.38 trillion, its lowest level since early April. It appears that confidence in the prospects of cryptocurrency has fallen sharply following reports of a largely symbolic BTC sale from Strategyâs balance sheet, which may be followed by more active selling from other holders. We also cannot rule out an âIranian connectionâ, as reports of seizures of Iranian cryptocurrency undermine the notion of anonymity and untraceability that has long underpinned the crypto market. The solid performance of supposedly anonymous coins fits neatly into this hypothesis. Thus, over the past 24 hours, the top performers have been NEAR Protocol ( 14.8%), Internet Computer ( 10.2%) and Zcash ( 5%). The three worst performers are Stellar (-13.2%), Basic Attention Token (-10%) and Bitcoin (-4.3%).
Bitcoin is accelerating its decline, having fallen to $69K, even though it started the week just above $74K. As expected, the drop below the 50-day moving average a week ago followed more than a week of selling pressure at that level. Technically, the leading cryptocurrency faces relatively few obstacles on its way down to the $65-66K range, but further down, longer-term support may come into play, having halted the decline in February and March.
News Background
According to CoinShares, global investment in crypto funds fell by $1.671 billion last week, marking the largest outflow since January. Investments in Bitcoin fell by $1.438 billion (the largest outflow from BTC this year), in Ethereum by $257 million, in Solana by $1 million, and in Sui by $1 million. Investments in altcoins rose by $20 million in XRP, $11 million in Hyperliquid, and $8 million in Near.
Sentiment towards Bitcoin on social media has reached its most positive level since the start of the year, despite the crypto marketâs decline in May, Santiment notes. In the past, such surges in optimism have often coincided with local highs in the assetâs price.
Strategy has sold Bitcoin for the first time since 2022. Last week, 32 BTC were sold for approximately $2.5 million at an average price of $77,135 per coin. The largest corporate holder of Bitcoin, which had previously promised never to sell the asset, will use the proceeds to pay dividends on preference shares.
As a result of the latest adjustment, Bitcoinâs mining difficulty rose by 1.72% to 138.96 T. The figure has returned to its April highs.
Telegram founder Pavel Durov has renamed the cryptocurrency Toncoin (TON) to Gram (GRAM), describing the rebranding as a return to its roots. The blockchain will retain the name TON (The Open Network). No action is required from token holders.
Summary: Bitcoin accelerated its decline towards $69K amid a record outflow from crypto funds and Strategyâs first BTC sale since 2022, heightening fears among large holders. (FxPro)
(Media Man Peg-On): Invest/gamble at own risk!
News
Gaming/UFC
EA Sports UFC 6 Revives Open Weight Class Selection for Ranked Matches
EA Sports UFC 6 restores open weight class selection in Prospect ranked ladder placement matches, letting players choose divisions freely just weeks before the June 19 launch on PS5 and Xbox Series X|S. The feature, a hit in the first three games, was dropped in UFC 4 and 5 for rotating classes but returns alongside revamped fighter ratings and Flow State perks to mix up matchups. Streamers like Liam Healy hail it as a game-changer, though some note potential matchmaking issues in lighter divisions and lament the lack of PC support at launch. (Media Man Peg-On): The best of both worlds. Ground and pound and strike action. Take down your gaming store today, in a fun and friendly way. Road To The White House?!
News
Streaming/Netflix
Netflix Greenlights War Machine Sequel After Massive Hit
The sci-fi action film War Machine, directed by Patrick Hughes and starring Alan Ritchson, launched on Netflix March 6, 2026, and racked up 39.3 million views in three days, topping charts in 93 countries for a total of 139 million views. Its success prompted a quick sequel greenlight, with Hughes returning to direct and co-write alongside James Beaufort. Ritchson is expected to reprise his role as the battle-hardened engineer, building on the gritty thrills that blended military realism with Predator-style action. (Media Man Peg-On): The Big N on fire. Going all guns blazzing. Netflix for the win! Make streams, not war!
News
(ICYMI)
News Flasback
(In Case You Missed It)
News
Heavy Industry News
Mack Trucks wins Media Man 'Truck Manufacturer Of The Month' award
Caterpillar wins Media Man 'Heavy Equipment Manufacturer Of The Month' award
Bingo Industries wins Media Man 'Construction Brand Of The Month' award
Elders wins Media Man 'Agribusiness Of The Month' award
Landman wins Media Man 'Streaming Series Of The Month' award (Oil/mining industry based story via Paramount Plus)
News
Gold Movie
Gold is a 2016 American epic crime drama film directed by Stephen Gaghan and written by Patrick Massett and John Zinman. The film stars Matthew McConaughey, Ădgar RamĂrez, Bryce Dallas Howard, Corey Stoll, Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce Greenwood. The film is loosely based on the true story of the 1997 Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia; however, for legal reasons and to enhance the appeal of the film, character names and story details were changed.
Trailer
Gold (YouTube Movies and TV)
youtube.com/watch?v=yc0S96OZâŚ
Gold is the epic tale of one man's pursuit of the American dream, to discover gold. Starring OscarÂŽ winner Matthew McConaughey (Interstellar, Dallas Buyers Club, The Wolf Of Wall Street) as Kenny Wells, a modern day prospector desperate for a lucky break, he teams up with a similarly eager geologist and sets off on an amazing journey to find gold in the uncharted jungle of Indonesia. Getting the gold was hard, but keeping it would be even harder, sparking an adventure through the most powerful boardrooms of Wall Street. The film is inspired by a true story.
News Flashback
Early 2026
January and March
Streaming Wars
The "Streaming Wars" refers to the intense competition among digital media platforms to dominate the subscription video-on-demand (SVOD) market by capturing and retaining global audiences.
As of early 2026, the landscape has shifted from a period of rapid expansion into a phase of major consolidation and a focus on profitability over subscriber volume.
The "Winner" and Current State (2026)
Netflix Dominance: Industry analysts increasingly cite Netflix as the victor. In January 2026, Netflix reported 18% year-over-year revenue growth and is currently pursuing a high-stakes $83 billion all-cash acquisition of Warner Bros. Discoveryâs studio and streaming assets (including HBO/Max).
The "Big 3": Despite fierce competition, the market is primarily dominated by Netflix, Amazon Prime Video, and Disney .
YouTube's Rise: Some experts argue YouTube is the true winner of the broader attention economy, surpassing traditional streaming services in total viewership by pivoting back to user-generated content.
Key Strategies in 2026
Consolidation: Smaller or struggling services are being shuttered or merged. For example, Disney recently shut down Hulu as a standalone service.
Monetization Shifts: Platforms have moved away from "growth at all costs" to strategies like password-sharing crackdowns, ad-supported tiers, and price hikes.
Live Sports & Events: Services are increasingly bidding on live sports rights (e.g., Netflix hosting WWE's Raw starting in 2025) to differentiate their offerings.
Bundling: To combat "subscription fatigue," platforms are forming strategic partnerships with telecommunications companies and banks to offer bundled service hubs.
Consumer Impact
Price Hikes: Many consumers are canceling services due to rising costs; over 40% of Americans cited price as their primary reason for unsubscribing in late 2025.
Resurgence of Piracy: Fragmented content and high costs have led to a significant comeback for pirate sites, which some users now find more comprehensive than paid services.
"South Park: The Streaming Wars": The term was popularized in mainstream culture by a 2-part South Park special released on Paramount in 2022, which satirized the industry's aggressive competition.
News/Profile
Hancock Prospecting Pty Ltd
Hancock Prospecting Pty Ltd (HPPL) is a privately owned Australian mineral exploration and agriculture company headquartered in Perth, Western Australia. As of 2026, it is recognized as one of the most successful private companies in Australian history.
Leadership and Ownership
Executive Chairwoman: Gina Rinehart AO, who has led the company since 1992.
CEO: Garry Korte.
Ownership: The company is owned by Gina Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).
Major Mining Operations
The company has transitioned from a prospecting firm into a major global miner, with primary interests in the Pilbara region:
Roy Hill: A flagship mega-project and Australiaâs largest single iron ore mine, producing 60â70 million tonnes annually.
Hope Downs: A 50/50 joint venture with Rio Tinto, comprising four open-pit mines with a capacity of approximately 47Mtpa.
Atlas Iron: Acquired in 2018, it operates the Mount Webber, Sanjiv Ridge, and Miralga Creek mines.
Hancock Iron Ore: A new entity formed in July 2025 to consolidate Roy Hill and Atlas Iron operations.
Diversification and Strategic Investments
Under Rinehartâs leadership, the company has expanded significantly into other sectors:
Agriculture: Hancock is Australia's second-largest beef producer, owning over 25 properties including the iconic S. Kidman & Co. It also owns 50% of Bannister Downs Dairy.
Critical Minerals: Major stakes in lithium (Liontown Resources, Azure Minerals, Vulcan Energy) and rare earths (Arafura Rare Earths, MP Materials, Lynas Rare Earths).
Energy: Significant interests in oil and gas through Warrego Energy and Senex Energy.
International Ventures: In January 2026, the company signed a gold exploration license agreement with Saudi Arabia's state-owned miner, Maâaden.
Current Events (January 2026)
Australia Day Sponsorship: The company is the principal partner for the 2026 Hancock Prospecting Australia Day celebrations in Perth.
Helipad Proposal: In December 2025, the City of Perth refused the company's proposal to build a helipad at its West Perth headquarters.
Financial Performance: For the 2025 fiscal year, the company reported a profit of AU$3.08 billion.
History
The company was founded on November 25, 1955, by Lang Hancock, who is credited with discovering the world's largest iron ore deposit in 1952. When Gina Rinehart took over following his death in 1992, the company was in a precarious financial state with significant debt.
News
Gold (1974)
Gold is a 1974 British action-thriller directed by Peter R. Hunt, starring Roger Moore and Susannah York. Based on the 1970 novel Gold Mine by Wilbur Smith, the film is set in the South African goldfields and follows a conspiracy by a global syndicate to manipulate the price of gold by sabotaging a rich mine.
Plot: Rod Slater (Moore), a newly appointed general manager, is manipulated by his boss, Manfred Steyner (Bradford Dillman), into drilling through a protective barrier into a subterranean lake. This is intended to flood the mine, causing a global gold shortage and driving up prices for a greedy cabal.
Production Controversy: The film was controversially shot on location in South Africa during the apartheid era. This led to a "black ban" by British film unions, though some crew members defied it to work on the production.
James Bond Connection: Many crew members were veterans of the James Bond franchise, including director Peter Hunt (On Her Majesty's Secret Service), editor John Glen, and title designer Maurice Binder.
Accolades: The film received an Academy Award nomination for Best Original Song for "Wherever Love Takes Me," composed by Elmer Bernstein and sung by Maureen McGovern.
Cast & Crew
Rod Slater: Roger Moore
Terry Steyner: Susannah York
Hurry Hirschfeld: Ray Milland
Manfred Steyner: Bradford Dillman
Farrell: John Gielgud
Director: Peter R. Hunt
Music: Elmer Bernstein
Availability in 2026
As of 2026, the film is available through several formats and platforms:
Streaming: Accessible on Prime Video, Tubi, and Roku devices.
Physical Media: High-definition restorations are available on Blu-ray and DVD from Kino Lorber and 88 Films
News
Pop Culture
"Gold" (Spandau Ballet)
"Gold" is a signature 1983 hit by the British New Romantic band Spandau Ballet, written by Gary Kemp.
Lyrics
Thank you for coming home I'm sorry that the chairs are all worn I left them here, I could have sworn These are my salad days Slowly being eaten away Just another play for today Oh, but I'm proud of you, but I'm proud of you
Nothing left to make me feel small Luck has left me standing so tall
Thank you for coming home I'm sorry that the chairs are all worn I left them here I could have sworn
These are my salad days Slowly being eaten away Just another play for today Oh but I'm proud of you but I'm proud of you
Nothing left to make me feel small Luck has left me standing so tall
Gold (gold)
Always believe in your soul You've got the power to know You're indestructible Always believe in
'Cause you are
Gold (gold)
Glad that you're bound to return There's something I could have learned You're indestructible Always believin'
Oh after the rush has gone I hope you find a little more time Remember we were partners in crime It's only two years ago
The man with the suit and the face You knew that he was there on the case Now he's in love with you he's in love with you
My love is like a high prison wall But you could leave me standing so tall
Gold (gold)
Always believe in your soul You've got the power to know You're indestructible Always believe in 'Cause you are
Gold (gold)
Glad that you're bound to return There's something I could have learned You're indestructible Always believin'
My love is like a high prison wall And you could leave me standing so tall
Gold (gold)
Oh always believe in your soul You've got the power to know You're indestructible Always believe in 'Cause you are
Gold (gold)
Glad that you're bound to return Something I could have learned You're indestructible Always believin'
Songwriter: Gary James Kemp
Spandau Ballet - Gold (HD Remastered)
youtube.com/watch?v=ntG50eXbâŚ
Official video of Spandau Ballet performing 'Gold' from their 1983 third album 'True'.
Gary Kemp wrote both the music and lyrics; the song was produced by the partnership of Steve Jolley and Tony Swain. The music video was filmed on location in Carmona, Spain and directed by Brian Duffy. The video featured Sadie Frost as a gold-painted nymph, in one of her earlier roles. Some parts of the music video were also filmed in Leighton House, which was also used in the video for "Golden Brown" by The Stranglers.
Spandau Ballet are one of Britainâs great iconic bands having sold over 25 million records, scored numerous multi-platinum albums and amassed 23 hit singles across the globe since their humble beginnings as a group of friends with dreams of stardom in the late 1970s. It wasnât long before they became fully-fledged members of the iconic Blitz Club scene and established themselves as one of the super-groups of the 80s.
The band's classic line-up features brothers Gary and Martin Kemp on guitars, vocalist Tony Hadley, saxophonist Steve Norman and drummer John Keeble.
Spandau Balletâs hits include Gold, True, To Cut A Long Story Short, Through The Barricades and many more.
News
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Sky News Australia wins Media Man 'Australian Media Outlet Of The Month' award
WWE wins 'Wrestling Promotion Of the Month' award; Runner-up: Lucha Libre AAA Worldwide
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