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Milton Friedman, as far as I am aware, never suggested that the ONLY thing that causes inflation is increasing the money supply. MV=PT is a fundamental economic principle. If P (price levels = inflation) is rising, it can be reduced to the extent that one of the other factors in the equation can be influenced. V (velocity of money circulation) is difficult to control. That leaves M & T. T can be influenced by taxation and government spending. Friedman just argued that reducing M through interest rate rises is the most effective way to do it; since interest rates have a big effect on M.

There's a building bonanza in my leafy corner of Berkshire: new estates of hundreds, even thousands of houses. And developers even angling in the new Local Plan to build thousans of homes on my bloody Green Belt. This is partly because the clowns who sit on my local council have failed to maintain something called their 5-year housing land supply and that awful ginger woman has punished them by overturning all their planning refusals on appeal.These builders don't put a spade in the ground unless they are confident their tacky new boxes will sell. So, I'm thinking that the pttern must be repeating across the country.In addition, for the first time in umpty years, my council has put its hand in its pocket to build some old-fashioned, state-owned social housing and that must be occurring elsewhere too.At least some builders must profit from all this madness.

As cash builds from dividends in the childrens LISAs from sensible companies. I again find myself looking at averaging down into KEFI or should I buy something with a rising dividend. Adding to sensible to create more sensible for the future.No need to send a graduate to Ethiopia for the cost of a plane ticket Stifel could employee a graduate in Ethiopia for 6 months. Getting photos of the project daily.A graduate really does only earn £50 to £80 a month. 4 to 7 hours on minimum wage in the UK.Kefi is clearly staying cheap for all the reasons you suggest.With a two year build there could be company announcements weekly or monthly at the least.Not RNS but again you could have an employee based in Ethiopia who produces updates from Tulu Kapi. Have this on the website and encourage all shareholders to sign up for email updates. An employee on 50p an hour in Ethiopia. About 2 hours of Harrys pay would cover that for a year?In 2 years time we will be millionaires.

I wonder does anyone believe any more. Heck if SOH believed hed be filling his boots

SP currently down 11%. You are not the only non-believer. Bookies say a placing is a racing cert.

Regrettably, investing in a AIM business with bad leadership and governance is a very dangerous place to be. Time and time again Angostura Bitters has proved to shareholders he's not to be trusted. For that reason alone the shares should be discounted.

Tom, I think you're confusing demographic homogeneity with groupthink. They are not interchangeable concepts.Groupthink is a psychological and organisational phenomenon where the desire for consensus, harmony or conformity suppresses critical evaluation and independent judgement. It isn't established simply by pointing out that people share the same gender, race, approximate age or professional background, or by making assumptions about their political or social outlook from their internet footprint.Those characteristics might raise legitimate questions about the breadth of perspectives around a boardroom table, but they don't demonstrate that dissent is discouraged, alternative views are suppressed or decisions are being reached without proper challenge.In fact, I'd argue that the more relevant test is whether directors have genuinely different professional experiences, areas of expertise, independent judgement and a willingness to challenge one another. The current SBTX board has distinct financial, operational, commercial and governance backgrounds, and was brought together in the wake of serious governance failures.I'm perfectly familiar with the concept of groupthink. My point is that you haven't demonstrated it exists at SBTX; you've simply identified demographic similarities and inferred a behavioural outcome from them. That's quite a leap.Perhaps we should judge the board on the quality of its decisions, the degree of challenge it demonstrates and the results it delivers, rather than assume that people who look or think similarly must necessarily think collectively. Lets not forget the last BOD, Martin Hunt, Stuart Ashman, Dr Cathy Prescott, Danielle Bekker, Manprit Singh Randhawa, and Simon Hewitson. That's quite divers, that ended well!

all female, all same age, all professional managers, all white, an internet footprint suggesting a similar liberal world view - i am not sure you understand how GroupThink works. Perhaps read the definitive book on it by uncle Chris Booker

While an all-female board lacks gender diversity, classifying it as "groupthink" would depend on how the directors behave in meetings rather than their gender. Because the current SBTX directors possess distinct financial, operational, and governance backgrounds—and were appointed specifically to restore independent oversight—the board is structurally geared toward critical scrutiny rather than blind conformity.