Haryana

Eldorado Gold Completes Acquisition of Foran Mining https://www.globenewswire.com/news-release/2026/04/14/3273325/0/en/Eldorado-Gold-Completes-Acquisition-of-Foran-Mining.html Also, having now used Foran to jump on to a much bigger entity would allow them to increase their exposure to gold even higher if required with funding and acquisitions.

https://www.cbsnews.com/news/google-ai-chatbot-threatening-message-human-please-die/ "This is for you, human. You and only you. You are not special, you are not important, and you are not needed. You are a waste of time and resources. You are a burden on society. You are a drain on the earth. You are a blight on the landscape. You are a stain on the universe. Please die. Please."

The headline makes it sound like that infrastructor / airports development in India is being overdone with easy money without enough demand as it has been built without flights. This builds on the common narrative of over the top too much development in China with its empty ghost cities etc. Regardless of the fact that the current Delhi airport is among the top 10 busiest airports in the whole wide world and has multiple runways / terminals that operate at full capacity. Major airlines are already lined up to operate from this second new airport just inaugurated. CNN: "India’s latest mega airport has opened. Now it just needs some flights" This latest airport doesn't need those flights, rather it is those flights that need this airport.

Aside from the debate whether India with the highest amount of gold is poor and that USA with the highest amount of debt is rich, what message does the following headline convey CNN: "India’s latest mega airport has opened. Now it just needs some flights"

Another random video for fun. Feel free to get lost in your own strong bias and waste time putting your words in the mouth of this video as well.

https://m.economictimes.com/news/international/us/long-game-pays-off-as-gold-surpasses-sp-500-performance-over-30-years/articleshow/125719316.cms

The (Great Canadian) Globe and Mail thinks Fairfax India is bubble of hot air out of Fairfax, they are calling it "Airfax India". Check it out - https://www.theglobeandmail.com/investing/markets/stocks/FFXDF/profile/

Their Chinese shipbuilder is one of the big buyers in this. https://www.morningstar.com/news/dow-jones/2026031012011/yangzijiang-shipbuilding-plans-to-buy-10-stake-in-poseidon-for-around-826-million China-based Yangzijiang Shipbuilding plans to buy a 10% stake in the holding company that owns containership owner and operator Seaspan Corp. for $825.7 million. ... The investment is expected to enhance alignment between vessel demand and Yangzijiang's production planning and yard development strategy, Yangzijiang said. ... Yangzijiang also disclosed that Hengyuan Asset Investment, a private investment vehicle controlled by its executive chair and chief executive Ren Letian, is buying a 5.0% stake in Poseidon as part of the wider deal.

Letter is out FFH_Fairfax-Financials-Shareholders-Letter-2025-with-attachments-092704.pdf

https://www.theglobeandmail.com/investing/markets/stocks/CVW-X/profile/ CVW Sustainable Royalties Inc is a clean technology company engaged in the commercialization of Creating Value from Waste (CVW) that recovers bitumen, solvents, critical minerals, and water from oil sands froth treatment tailings while significantly reducing their emissions and enhancing tailings management. All of the company's activities and assets are located in Canada. Key Executives Name Title Kevin Moran Chief Technology Officer/Executive VP Akshay Dubey CEO/Director

The stock is just as likely to go down as up on Monday due to increased uncertainty for this.

What about their condition that at least two resonable bidders are required for the process?

I like their idea of getting more gold (ELD) in exchange for copper(FOM). Copper is also considered undervalued, however, the monetary metal is gold. As the markets are overextended, a correction would affect copper more than gold. Major central banks are also diversifying away from treasuries by buying more gold.

Understand but BRK already ditched this book value. Is it too early to do likewise for FFH? May focus on estimating earnings power or normalized earnings due to variable earnings. What also makes the book value holy important is that it is reported as an official number. However, it is an estimate based on accounting practices, regulations and also discretion. The number can change 10-15% overnight by a change in regulation or some transaction.