In today’s “Weekly Market Recap”, EarningsBeats.com’s Chief Market Strategist Tom Bowley looks ahead to determine the likely path for U.S. equities after the weekend bombing of Iran nuclear sites. Are crude prices heading higher? Will energy stocks outperform? What additional roadblocks might we have to negotiate after the latest Fed meeting and policy statement? Could we see fallout from June monthly options expiring on Friday? Check it all out in the video below….
Happy trading!
Tom
DY6 Metals Ltd (ASX: DY6, “DY6” or the “Company”) is pleased to announce the initial visual estimations from the reconnaissance exploration program at the Douala Basin HMS Project, Cameroon. Desktop studies incorporating detailed geological mapping, geophysics, and known mineral occurrences, were used to define initial, high priority targets for ground- truthing. The reconnaissance programme, which consisted of hand auger and channel sampling, was successful in identifying high estimated concentrations of heavy mineral (HM) mineralisation across all the six tenements that make up the project. Additionally, the Company’s consultants have observed the presence of natural rutile grains within panned concentrates.
HIGHLIGHTS
Samples collected from this initial exploration programme are currently being prepped for dispatch to the Company’s laboratory for analysis in South Africa, with results expected in the September quarter.
Technical Consultant, Cliff Fitzhenry, commented:“While the Company’s primary focus is on the Central Rutile Project, where we have recently reported the presence of wide-spread residual natural rutile mineralisation, we believe that the Douala Basin HMS project has significant potential. The reconnaissance programme has over the last few weeks demonstrated the potential of the area, with the identification of high concentrations of visible heavy mineral sands across the project tenements through a mixture of auger, channel, and soil sampling work. Pleasingly, we have also observed natural rutile grains at Douala Basin.
We look forward to the assay results of the reconnaissance programme in the coming months.”
Reconnaissance exploration at the Douala Basin HMS Project
As announced on 5 June 2025, the Company commenced reconnaissance auger and grab sampling programmes at the Central Rutile and Douala Basin HMS projects, Cameroon. At the Douala Basin project, the Company has completed 12 hand auger drill holes (refer Figure 1), collecting 53 samples in the process, as well as collected 38 channel samples from 11 surfaces for analysis (refer Tables 1 & 2).
Cautionary Statement:
The Company cautions that, with respect to any visual mineralisation indicators, visual observations and estimates of mineral abundance are uncertain in nature and should not be taken as a substitute or proxy for appropriate laboratory analysis. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results from the drilling and sampling programmes will be required to understand the grade and extent of mineralisation. Initial assay results are expected in August 2025.
Click here for the full ASX Release
Canada’s tech sector saw momentum this week, with announcements spanning venture capital and quantum computing, as well as global policy leadership news out of the G7 summit.
On Tuesday (June 17), Axl, a newly founded Canadian venture studio, announced plans to help launch 50 artificial intelligence (AI) companies in Canada over the next five years, supported by a C$15 million fund led by co-founder Daniel Wigdor, a computer science professor at the University of Toronto.
The venture’s other founders are Tovi Grossman, another University of Toronto professor, entrepreneur Ray Sharma and former Telus (TSX:T,NYSE:TU) executive David Sharma. Mining magnate Rob McEwen of McEwen Mining (TSX:MUX,NYSE:MUX) and Smart Technologies co-founder David Martin are also investors.
According to Wigdor, Axl will tackle practical business problems and connect them with promising academic research in a bid to keep Canadian innovation at home. “The social contract academics believe we have with society is that we invent these technologies and inspire people,” he told the Globe and Mail on Tuesday. “The tragedy is that the foundational technologies we’re inventing in Canada are not accruing capital for Canada.’
Wigdor pointed to his own career as a cautionary tale, explaining that the iPhone’s multi-touch interface was presaged by research he conducted in the early 2000s for his University of Toronto thesis, which itself built on concepts pioneered by University of Toronto professor Bill Buxton in the 1980s.
Other University of Toronto AI breakthroughs fueled the international rise of figures like Geoffrey Hinton, OpenAI co-founder Ilya Sutskever and xAI’s Jimmy Ba, all of whom took their expertise to US-based companies.
Initiatives like Axl’s signal a proactive approach to Canada’s challenge of retaining tech talent and capitalizing on its world-class research; however, its success will hinge on broader public support.
Prime Minister Mark Carney has signaled that fostering tech innovation at home is a priority. He told G7 leaders that driving the digital transition, led by AI and quantum computing, would be one of his top goals at the summit.
Quantum technology was reportedly discussed at length during the two day meeting, which took place in Kananaskis, Alberta. In addition, a joint statement from members released by the prime minister’s office indicates that Canada will launch the G7 GovAI Grand Challenge and host a series of Rapid Solution Labs “to develop innovative and scalable solutions to the barriers we face in adopting AI in the public sector.”
That emphasis echoes longstanding concerns from the research community.
A 2024 letter acquired by the Logic and sent to then-innovation minister François-Philippe Champagne by the Quantum Advisory Council cites the significant sums that other countries have invested in quantum technology.
“The cost of inaction is tremendous,” the group wrote at the time, pointing to Canada’s history of “inventing core technologies,” but letting other countries “grow industries around our inventions.”
The council proposed a C$1 billion program that would mirror the Quantum Benchmarking Initiative (QBI), which fosters domestic quantum computing in the US. The QBI has selected 18 companies for its first phase, including three from Canada; firms that demonstrate the ability to build a functional quantum computer by 2033 will be eligible to receive up to US$316 million, making it a potential “kingmaker” program.
The second phase of the program is set to launch in August 2025. While no relocation demands have been made, concerns exist that later-stage QBI terms could force Canadian winners to the US.
The Quantum Advisory Council said its proposed program would be run by the National Research Council, which would independently assess firms to accelerate the development of competitive domestic quantum companies.
It would build on a C$360 million national quantum strategy announced in April 2021.
The council’s recommendations include increased grants for scientific and social science research into quantum technologies, and a new federal clusters program to foster regional quantum ecosystems encompassing research, development and training, alongside ethical and secure use. It also calls for significant investment in quantum-safe software certification and the development of other security systems.
In a speech at the Quantum Now conference in Montreal on Thursday (June 19), Canada’s AI minister, Evan Solomon, emphasized the need to protect Canada’s talent pipeline. “We cannot allow short-term funding opportunities to hollow out our domestic capabilities or transfer generations of Canadian innovation outside our borders,” he said.
Earlier this month, the minister said he would move away from “over-indexing on warnings and regulation” and instead focus on finding ways to unleash the economic potential of AI. The ongoing collaboration between government initiatives and private ventures will be key to unlocking Canada’s full potential in the new digital era.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
The smile on Prime Minister Benjamin Netanyahu’s face was impossible to hide.
Minutes after President Donald Trump announced that the US had bombed three of Iran’s nuclear facilities, Netanyahu effusively praised the American leader as someone whose decisions could lead the region to a “future of prosperity and peace.”
Since Israel launched its attacks on Iran’s nuclear facilities and other targets, Netanyahu and the country’s other political echelon had been careful not to be perceived as dragging Trump into another war in the Middle East. In the end, the US joining the campaign – and taking credit for the results – is arguably an even bigger success for Netanyahu, who brought the world’s superpower into what had been Israel’s mission.
Netanyahu has talked about the threat of Iran for much of his political career, parading out visual aids on occasion – like a cartoon of a bomb at the UN General Assembly in 2012 – to help his audience. But the longstanding criticism was that Netanyahu’s rhetoric was all bark, no bite.
For all the talk of the threat Iran posed to Israel and the wider region, Netanyahu never pulled the trigger on a major military operation. Instead, he authorized sporadic high-risk, high-reward operations from Israel’s Mossad spy agency, including the assassination of Iranian nuclear scientists and the stealing of the country’s nuclear archive.
But Iran’s nuclear program survived largely unscathed, and Netanyahu was left for years with no measurable achievement against an issue he came to see as an existential threat to Israel.
The last 10 days rewrote the script.
Aviv Bushinsky, who worked with Netanyahu during his first term in the late-90s, called the attacks on Iran’s nuclear facilities “no doubt his greatest accomplishment.”
Israel’s initial waves of attacks and its establishment of air superiority over Iran began a clear string of military successes, which the Trump administration ultimately joined.
The scale of the success is so great that Bushinsky argued it made Netanyahu’s one of the country’s top two or three leaders since the country’s founding in 1948. The “stain” of failing to stop the Hamas-led attack on October 7 remains with Netanyahu, Bushinsky said, but the attack on Iran has immediately become part of his legacy.
“Netanyahu has a signature of taking down the nuclear capabilities of the Iranians,” he said.
Now Netanyahu immediately faces another challenge: deciding what to do next. At least publicly, the US has made it clear that it sees the Iran strikes as finished as long as Iranian forces don’t attack US troops in the region.
But after starting the campaign alone, Israel is still pressing its advantage. Israel Defense Forces (IDF) spokesman Brig. Gen. Effie Defrin said Sunday that Israel was preparing for the “campaign to prolong.” Before the weekend, Israel had conducted the military campaign against Iran on its own, and it has since carried out more strikes after the US bombing of the nuclear facilities.
“If the war was designed to obliterate Iran’s nuclear infrastructure, and the president of the United States says they destroyed the three facilities, then why isn’t Israel announcing mission accomplished?” former Israeli consul general Alon Pinkas asked rhetorically. “This military solution for everything is fine, as long as you understand that it is aligned with political goals. And I don’t see them.”
Since the start of the Trump administration, the friction between Trump and Netanyahu has been on full display as the White House pursued a series of steps in the region that left Israel sidelined. Trump’s first trip to the Middle East blew right past Israel without stopping, the American president signed a ceasefire deal with the Houthis in Yemen that cut out Israel, and he surprised Netanyahu in April by announcing nuclear negotiations with Iran.
The US decisions raised questions about whether Netanyahu was able to handle a second Trump administration, especially one with a far more vocal isolationist wing.
All of those questions disappeared in a puff of bunker buster smoke in the aftermath of the US strikes as the two leaders heaped praise on one another
The issue of Iran had broad consensus among much of Israeli society, with a majority of the country viewing a nuclear Iran as an existential threat.
According to a survey from the Israel Democracy Institute done before the US strikes, approximately 70% of Israelis supported the campaign against Iran, while nearly as many believe it was right to launch the strikes without a guarantee of US involvement.
That level of support has drawn accolades for Netanyahu even from his detractors.
“You don’t have to like Netanyahu in order to admit yes, he achieved something,” said Ben-Dror Yemini, a political analyst for Israel’s prominent Yedioth Ahronoth newspaper.
But the current moment – one in which Israel and the US have carried out punishing strikes on Iranian nuclear facilities – requires sensitive diplomacy and a willingness to back off the military successes that appear to have come so easily, Yemini said.
The decision to act and the decision to wait each involved its own elements of risk, according to former US Ambassador to Israel Dan Shapiro.
“There’s risk in any use of forces and certainly in a major decision like this one from the United States,” Shapiro said. “But there was risk in not acting and leaving Iran within weeks of a nuclear bomb at the time of their choosing.”
But having made the critical choice to go after Iran’s nuclear facilities, Shapiro said it would be a grave mistake to assume the conflict is over.
Asked if the Middle East was safer now than it was before US involvement in the strikes against Iran, Shapiro said it depends on whether the bombing campaign destroyed or significantly damaged Iranian nuclear facilities. It also depends on how Iran chooses to respond, which he said requires the international community to lead Iran away from escalation.
“It’s too early to celebrate the achievement.”
At least 20 people have been killed and 52 more are injured after a “terrorist attack” on a Greek Orthodox church in the Syrian capital on Sunday, according to the country’s health ministry.
He opened fire on the congregation of Mar Elias Church in Damascus, before “detonating himself using an explosive vest,” the ministry said in a statement.
A mass was being held at the church at the time of the attack, according to Syria’s state news agency SANA.
A video circulating on Syrian social media from inside the church shows dead bodies, significant destruction, shattered glass and broken chairs in the area where mass was being held, with blood visible throughout the scene.
Syria’s civil defense, popularly known as the White Helmets, said emergency teams were working to transfer the bodies to hospitals and secure the area.
“The treacherous hand of evil struck” on Sunday, the Greek Orthodox Patriarchate of Antioch said in a statement, writing that “an explosion occurred at the entrance of the church, resulting in the deaths of numerous martyrs and causing injuries to many others who were inside the church or in its immediate vicinity.”
“We offer our prayers for the repose of the souls of the martyrs, for the healing of the wounded, and for the consolation of our grieving faithful. We reaffirm our unwavering commitment to our faith and, through that steadfastness, our rejection of all fear and intimidation,” the church said.
The United Nations Special Envoy for Syria, Geir O. Pedersen, expressed “outrage” at the “heinous crime,” his office said in a statement.
“Mr. Pedersen calls on all to unite in rejecting terrorism, extremism, incitement and the targeting of any community in Syria. He sends his deepest condolences to the families of the victims and his hope for the recovery of those injured,” the statement said.
The United States’ Special Envoy for Syria, Thomas Barrack, called the attack an act of “cowardice,” saying in a statement that it has “no place in the new tapestry of integrated tolerance and inclusion that Syrians are weaving.”
The foreign ministries of Turkey, Jordan, Iraq, Israel, Greece, Cyprus, the United Arab Emirates, Qatar, Saudi Arabia, the Palestinian Authority, Yemen, Oman, Bahrain, Ukraine, Austria, Belgium, the Czech Republic and the Netherlands also spoke out in condemnation of the attack.
US President Donald Trump’s decision to strike Iran’s nuclear facilities puts the Middle East in a volatile position, with all eyes now on Tehran’s next move.
Speaking in Istanbul, Iran’s Foreign Minister Abbas Araghchi said on Sunday his country has “a variety of options” when deciding how to respond to the US attacks.
From striking US bases in the region, to possibly closing a key waterway to global shipping, Iran is likely mulling its next moves. All carry inherent risks for the Islamic Republic, Israel and the United States.
Here’s what to know:
Direct US involvement in the conflict could see Iran’s Islamic Revolutionary Guard Corps (IRGC) activate what remains of its proxies across Iraq, Yemen and Syria, groups which have previously launched attacks on American assets in the region.
While Iran’s strongest ally in the region was once Lebanon’s Hezbollah, that group has been significantly weakened by Israeli attacks.
The Council on Foreign Relations (CFR) says the US maintains a presence at 19 sites in total across the region, with eight of those considered by analysts to have a permanent US presence. As of June 13, the CFR estimated some 40,000 US troops were in the Middle East.
In Iraq, for example, there were 2,500 US troops as of late last year. An Iranian attack on these forces is not inconceivable. In 2020, an Iranian missile attack on a US garrison left more than 100 soldiers with traumatic brain injuries.
A resurgence of attacks from Yemen against US assets is already on the table. Yemen’s Iran-backed Houthi rebels previously vowed to attack American ships in the Red Sea should the US join Israel’s conflict with Iran. A prominent Houthi official said in a social media post early Sunday that “Trump must bear the consequences” of the US airstrikes on Iranian nuclear facilities.
It is unclear if this marks the end of a US-Houthi ceasefire struck in May, in which Washington said it would halt its military campaign against the Houthis in exchange for the group stopping its attacks on US interests in the region.
Knowing that it can’t outright win a conflict against Israel and the US, experts have said that Tehran could seek to engage in a war of attrition, where it tries to exhaust its adversary’s will or capacity to fight in a drawn-out and damaging conflict, which Trump at the outset of his presidency said he wanted to avoid.
Iran also has the power to influence the “entire commercial shipping in the Gulf,” Ravid said, should it decide to close the Strait of Hormuz, a key oil shipping route.
There have so far been no material disruptions to the global flow of oil. But if oil exports are disrupted, or if Iran tries to block the Strait of Hormuz, the global oil market could face an existential crisis.
The strait links the Persian Gulf to the open ocean and is a key channel for oil and liquefied natural gas exports from the Middle East to the global market. About 20 million barrels of oil flow through the strait each day, according to the US Energy Information Administration.
A prominent adviser to Iran’s supreme leader has already called for missile strikes and the closure of the Strait of Hormuz.
“Following America’s attack on the Fordow nuclear installation, it is now our turn,” warned Hossein Shariatmadari, the editor-in-chief of the hardline Kayhan newspaper, a well-known conservative voice who has previously identified himself as a Khamenei “representative.”
Some experts say that Iran is very likely to race for a nuclear bomb now, even if the current regime collapses and new leaders come in place.
“Trump just guaranteed that Iran will be a nuclear weapons state in the next 5 to 10 years,” Trita Parsi, executive vice president of the Quincy Institute in Washington, DC, said on X. “Particularly if the regime changes.”
Parsi has said that even if the regime collapses and new military elements assume power, they are likely to be much more hawkish than the current regime and race toward a nuclear weapon as their only deterrent.
Experts have previously said that Iran likely moved its stocks of enriched uranium from its key nuclear facilities amid Israeli strikes.. Nuclear power plants that generate electricity for civil purposes use uranium that is enriched to between 3.5% and 5%. When enriched to higher levels, uranium can be used to make a bomb Israel and the US accuse Iran of pursuing nuclear weapons; Tehran insists its program is peaceful.
Iran is also likely to withdraw from the Nuclear Non-Proliferation Treaty, or the NPT, under which it has pledged not to develop a bomb.
“Iran’s response is likely not just limited to military retaliation. NPT withdrawal is quite likely,” Ali Vaez, director of the Iran Project at the International Crisis Group, said on X.
Iran’s first response to the US’ attack on its nuclear sites was to attack Israel, not US bases.
Iranian missiles hit a group of buildings in Tel Aviv, where 86 people were admitted to hospital with injuries overnight and on Sunday morning, according to Israel’s ministry of health.
Knowing it may not be able to sustain a full-on confrontation with the US, and hoping that Trump will scale back on his involvement following Sunday’s strike, Iran may merely seek to perpetuate the status quo, fighting only Israel.
Trump at the time wanted to “send a big message, get the headlines, show US resolve, but then avoid a wider war,” Shabani said.
While Iran may feel it has to retaliate to save face, it may be a bloodless response, similar to what happened in 2020, when it launched a barrage of missiles at US bases in Iraq, which resulted in traumatic brain injuries to personnel but no deaths.
Two military analysts have said Iran could resort to “asymmetric” measures – such as terrorism or cyberattacks – to retaliate against the US because Israeli attacks have reduced Iran’s military capabilities.
“I think (the IRGC is) going to be a little bit careful, and I suspect that’s going to take us to all of the asymmetric things they can do: cyber, terrorism. I think that they’re probably going to be looking for things where the US cannot just put up the traditional defenses,” he added.
But, “albeit wounded,” the IRGC still has “some tremendous capacity,” he said. “It has capabilities that are already within the region and then outside the region. We are vulnerable… around the world, where the IRGC has either influence or can make things happen asymmetrically.”
Iran has refused to return to the negotiating table while under Israeli attacks.
On Sunday, Araghchi said he does not know how “much room is left for diplomacy” after the US military strikes on Iranian nuclear facilities.
“They crossed a very big red line by attacking nuclear facilities. … We have to respond based on our legitimate right for self-defense,” Araghchi said.
Parsi said that by doing so, “the Iranians have cornered themselves.”
“Their aim is to force Trump to stop Netanyahu’s war, and by that show his ability and willingness to use American leverage against Netanyahu,” Parsi wrote. “But the flip side is that Tehran has given Israel a veto on US-Iran diplomacy – by simply continuing the war, Israel is enabled to block talks between the US and Iran.”
Iranian and European officials met Friday in Geneva for talks, which an Iranian source said started out tense but became “much more positive.”
Speaking Sunday, Araghchi said the US had decided to “blow up” diplomacy.
“Last week, we were in negotiations with the US when Israel decided to blow up that diplomacy. This week, we held talks with the E3 (group of European ministers)/EU when the US decided to blow up that diplomacy,” Araghchi said on X.
“The more likely situation is that the talks are over for now.”
Large crowds gathered at the Enqelab Square in central Tehran on Sunday evening, protesting the strikes. Footage published by the state-affiliated Fars News Agency showed people waving Iranian flags and punching the air, carrying signs that read: “Down with the USA, down with Israel.”
Hamid Rasaee, a politician, said even people critical of the regime were protesting.
Trump ordered attacks on three of Iran’s most important nuclear facilities early Sunday morning – a move that has placed the US in the center of the conflict between Israel and Iran.
Iranians had faced the possibility of US intervention ever since Israel launched its strikes on nuclear and military targets last week – but many believed any action was days away.
That’s in part because Trump said Thursday he would decide whether to strike Iran within two weeks, seemingly opening a window for negotiations. That all changed early Sunday, when American bombers dropped more than a dozen massive “bunker buster” bombs on Iran’s Fordow and Natanz nuclear facilities, and Tomahawk missiles launched from the sea struck Isfahan.
“We do not have nuclear weapons, so why does he strike us?” he added, alluding to the Iranian regime’s insistence the country’s nuclear program is peaceful. Trump has claimed Iran was weeks away from acquiring a nuclear weapon, dismissing assessments from his own intelligence community that Iran was still years away from a weapon.
While Trump has claimed the three sites struck by the US were “totally obliterated,” his defense secretary has said the full impact is still being assessed. And unlike the strikes by Israel in recent days, some of which targeted densely populated areas, the US attacks were concentrated in locations off-limits to most civilians.
Residents of Qom, a city some 30 kilometers (18 miles) from the Fordow nuclear site, woke to the sound of emergency vehicles’ sirens and the news that the secretive complex had been bombed a few hours earlier.
Five people living in Qom said they were surprised to learn what had happened when they got up, having heard nothing overnight.
Qom does not have an aerial attack warning system, so residents would have had no warning before the strikes.
Qom is considered a holy city, home to Iran’s largest and most famous Shia seminary. Iran’s Supreme Leader Ayatollah Ali Khamenei studied at the Qom Seminary, as did several of Iran’s former presidents.
Similarly, people living in a village some 35 kilometers (22 miles) from the Natanz facility said they heard nothing overnight.
In Tehran, far from the targeted nuclear sites, many were calling for Iran to respond with force. Fars released a compilation of short interviews with people on the streets of the capital Sunday.
Each of the eight people featured urged a retaliation – with most saying Iran should strike US bases in the region and close down the Strait of Hormuz on Iran’s southern shore, through which a third of global seaborne oil trade passes.
In Iran, signs of dissent tend to be quickly quashed, making it dangerous for people to express disagreement with the regime.
But Mohsen Milani, an Iranian scholar who has lived in the US for decades, said the US attack on Iran could spark more genuine support for the regime.
“It could ignite a new wave of nationalism, damage the future of U.S.-Iran relations more than the 1953 coup, accelerate Tehran’s pivot to Russia and China, and fundamentally reshape Iran’s defense, deterrence, and nuclear posture,” he said in a post on X.
Some of this sentiment was already on show in Tehran on Sunday.
“I will stay here and I will sacrifice my life and my blood for my country,” she said.
Everywhere around her, people were protesting the US, many holding anti-Trump signs and posters. Some of the posters ended up on the ground, where people stamped on them.
“We were living our normal lives and they attacked us. If someone strikes the United States, would they not answer? Of course they would,” she said.
Another person living in Tehran said they believed the regime was greatly weakened by the US strikes – because its opponents would now be able to call its bluff.
“The claims that the Iranian regime has always made – that it will attack all American bases and close the Strait of Hormuz – they made all these claims and the whole world saw that (the US) came and easily hit the Fordow and Natanz sites … but Iran was completely silent and no fighter planes took off and (it) used no defenses or missiles,” the person said, adding that if there is no response in the coming days, the regime’s supporters could abandon it.
“No sane person will stand by someone who is in a weak position, not even their own supporters,” they said.
A British-flagged luxury superyacht that sank off Sicily last year, killing UK tech magnate Mike Lynch and six others, completed its final trip to the Sicilian port of Termini Imerese Sunday, a day after recovery crews finalized the complex operation to lift it out of the water.
The white top and blue hull of the 56-meter (184-foot) Bayesian, covered with algae and mud, was kept elevated by the yellow floating crane barge off the port of Porticello, before being transferred to Termini Imerese, where it docked in the early afternoon.
On Monday, the delicate recovery operation will be concluded, as the vessel will be transported to shore and settled in a specially built steel cradle.
Then it will be made available for investigators for further examinations to help determine the cause of the sinking.
The Bayesian sank Aug. 19 off Porticello, near Palermo, during a violent storm as Lynch was treating friends to a cruise to celebrate his acquittal two months earlier in the US on fraud charges. Lynch, his daughter and five others died. Fifteen people survived, including the captain and all crew members except the chef.
Italian authorities are conducting a full criminal investigation.
The vessel was slowly raised from the seabed 50 meters (165 feet) deep over three days to allow the steel lifting straps, slings and harnesses to be secured under the keel.
The Bayesian is missing its 72-meter (236-foot) mast, which was cut off and left on the seabed for future removal. The mast had to be detached to allow the hull to be brought to a nearly upright position that would allow the craft to be raised.
British investigators said in an interim report issued last month that the yacht was knocked over by “extreme wind” and couldn’t recover.
The report said the crew of the Bayesian had chosen the site where it sank as shelter from forecast thunderstorms. Wind speeds exceeded 70 knots (81 mph) at the time of the sinking and “violently” knocked the vessel over to a 90-degree angle in under 15 seconds.
