Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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I am hoping he will put some more fear in to the market, I have taken a short position on the S & P through an ETF (Gnome check out BBUS on the ASX if your interested) & hope it will get hammered along with some well needed wind into the sails of gold price.
Historically however whenever I have opened a short position (it is not usual for me) I have got it wrong & it has cost me - it may be worth every one else loading up on the S & P so you can profit from my inevitable losses :)
It just seems a bit risky to continue dumping the amount of carbon we produce every day into the atmosphere and oceans - 100 million barrels of oil consumed daily - when no-one really understands what effect this will have long term?
What vexes me is we haven't made more effort with hydrogen - the most common element in the universe, three-quarters of the surface of our planet is covered in it, it releases the most energy/kg burned (3x that of petrol/gasoline) and converts to pure water when burned. The only drawback is energy density. One kilo of hydrogen takes up a small room (12 cubic meters) as opposed to 1.33 litres for a kg of petrol - I think hydrogen is rubbish for vehicles but would be great for central heating. Especially when you consider that offshore wind in Scotland now is generating so much energy it is overloading the grid in strong weather and has to be disconnected. Why not use that surplus to boil hydrogen out of sea water, store it under pressure and connect it to our boilers? When burned it returns to the sea as pure water - my inner hippy thinks this is so beautiful man.
Lol- who knows!
ALL Eyes will be waiting for Powells speech today.
Which will be the usual verbal diarrhea no doubt.
The instant he spouts there will no doubt be a move one way or tother of Gold price.
Not sure quoting Prince Harry helps any argument Mr T lol
Mr T
I think the point Spoonington is trying to make, is that... the where, why, and what of the causation of climate change should be left to an unbiased set of relevant scientists who are very knowledgable about climate and climate change as a function of earth-time, and its main variables, and is NOT a celebrity blowing on the wind and blowing their bags. Prince Harry, Princess Greta, Time magazine, and a passing pre-eminent biologist's views are great, but do need some independent scientific rigour.
Politicians are dimsissed almost out of hand, economists likewise, the main stream hysteria machine without doubt dismissed (lost their social license a few decades ago), as are marching girls and prominent trombone players and a few others. Lets just deal with science instead of all the other passing well meaning lunatics, and those that are not so well meaning.
the gnome
Spoonington, the young lady is actually Swedish and certainly far from silly!
You might care to learn about Greta?
Thunberg has received support from climate activists, scientists and public figures.
Broadcaster and naturalist Sir David Attenborough told her she has achieved things many others have failed to do, adding: "You have aroused the world. I'm very grateful to you."
Prince Harry praised Thunberg's campaigning, saying "every country, every community, every school, every friendship group, every family needs their own Greta".
Alok Sharma, the president of the COP26 summit, has said that Thunberg's UN speech in 2019 had made him feel "really uncomfortable" because it held up a "mirror" to his generation.
But not all politicians have been as complimentary.
Donald Trump tweeted that she should "work on her anger management problem" while Russian President Vladimir Putin described her as a "kind but poorly informed teenager".
Greta Thunberg: Who is the climate campaigner and what are her aims?
https://www.bbc.co.uk/news/world-europe-49918719
Greta Thunberg named Time Person of the Year for 2019
https://www.bbc.co.uk/news/world-europe-50740324
price target to 121 (102) pence - 'buy'
Conservative party - former Downing Street spin doctor, and former adviser to BBC rival GB News - now sits, acting as the arbiter of BBC impartiality."
https://news.sky.com/story/emily-maitlis-refers-to-tory-cronyism-at-heart-of-the-bbc-in-edinburgh-tv-festival-lecture-12680676
The argument presented in main stream media is more of the same, as we have seend from them for decades. Littered with hyperbole and Hysteria, politics, the odd culture war, with a generous helping of wise celebrities and the odd loud 15 year old expert. Sales are sales.
The climate debate as presented in media is not balanced nor argued on best balanced science. Even a small helping of Geolgical Science, would show some points of interest.
- The Earth[‘s climate always changes, and will continue to do so, and the forces that causes those changes are such matters as the "wobbles of the earth" in its imperfect orbit
– Climate change is in fact normal, and in fact we are living in times of unsual stability. The odds suggested by the 4 billion years of geolgical changes, that we are overdue for a change
– Climate change occurred well before humans were on Earth, in fact we have only been on the earth for a very small part of the earthes life!
– The rate of climate change today is no different from thousands, millions or billions of years ago. There are various powerful forces , like (internal) Volcanoues, changing magnetic fields, (external) sun radiance, chaning distance from the sun, earth wobbles - some regular, some not, etc
– >80% [of the] time, Earth has been generally warmer and wetter than at present, or in the case of the Sahara desert cooler and wetter, in the Atacama desert (no rain for a few 100 years?: About 10,000 years ago, the Atacama was more humid and less hostile to human life than it is now. It attracted nomadic groups who came to hunt and collect food. Fast forward 4,000 years, the land dried up, gradually transforming into the landscape as we know it today
– Ice is ... rare except for the ice age when we had kilometers thick ice packs on the europoean content and UK, not to mention the hige glaciers that scraped and scoured Canada's landscape - leaving lovely tills, which we sample to find gold!
– Just because [climate] change occurs in our lifetime does not mean that we humans are driving the change, change has obviously happened without us, regularly and irregularly.
and so on ....
https://www.desmog.com/ian-plimer/
https://www.quora.com/Do-we-have-conclusive-evidence-that-humans-are-the-root-cause-of-climate-change
As advertised previously best to avoid the main stream hysteria machine for true news and just find the relevant scientists online, go with the times.
ASIDE: We used to have a a great newspaper in Victoria called "THE TRUTH", .... In 1987 one-time Liberal Party leader Sir Billy Snedden died in unusual circumstances. Snedden died of a heart attack in the Rushcutter Travelodge, possibly whilst having sexual communion of sorts with a mystery woman whose identity has never been revealed. Snedden was known for his 'extra-curricular' activities, and in the words of his son, Drew Sneddon, Billy Snedden "got around a lot."...read much more in the TRUTH!...LOL
all good fun, pardon the
TornadoTony,
10days have now elapsed and the SP is 94.66 and not 87, guess you were not right... was 93.82 at the time of your post. This is again, why I don't use charts.
Tornadotony-
Short term August targets15 Aug '22
Gold $1772-1770 Futures per ounce. Centamin 87p. Interesting to see if I am right in 10 days time.
Equities in Europe traded higher in the premarket on Thursday ahead of the Ifo Institute for Economic Research's freshest update on business climate and the newest report on Germany's gross domestic product (GDP) in the second quarter. The European Central Bank (ECB) will also release the accounts from its latest meeting on monetary policy.
The DAX went up by 0.42% at 7:13 am CET. At the same time, the FTSE 100 rose by 0.35%. Meanwhile, the CAC 40 grew by 0.39%.
The euro gained 0.27% to the dollar at 7:29 am CET to sell for $0.99939. At that minute, the pound sterling advanced by 0.32% against the greenback to change hands for $1.18365.
Baha Breaking News (BBN) / JR
There is also significant credible evidence that carbon is not the primary cause of climate change & is an effect of climate change rather than a cause.
I am not sure either way but it concerns me that this does not receive any attention & those suggest it are decried as climate deniers & vilified.
The climate debate seems to be a propaganda exercise rather than as investigation based on true scientific principles, the fact that school children like that silly Dutch girl (I forget her name) are given so much attention whilst educated scientists are ignored, derided or both concerns me greatly.
We certainly live in interesting times.
Abstract
Climate change is real and its impacts are mostly negative but common portrayals of devastation are unfounded. Scenarios set out under the UN Climate Panel show human welfare will likely increase to 450% of today's welfare over the 21st century. Climate damages will reduce this welfare increase to 434%
Arguments for devastation typically claim that extreme weather (like droughts, floods, wildfires, and hurricanes) is already worsening because of climate change. This is mostly misleading and inconsistent with the IPCC literature. For instance the IPCC finds no trend for global hurricane frequency & has low confidence in attribution of changes to human activity while the US has not seen an increase in landfalling hurricanes since 1900. Global death risk from extreme weather has declined 99% over 100 years and global costs have declined 26% over the last 28 years
Arguments for devastation typically ignore adaptation, which will reduce vulnerability dramatically. While climate research suggests that fewer but stronger future hurricanes will increase damages this effect will be countered by richer and more resilient societies. Global cost of hurricanes will likely decline from .04% of GDP today to .02% in 2100
Climate-economic research shows that the total cost from untreated climate change is negative but moderate, likely equivalent to a 3.6% reduction in total GDP
Climate policies also have costs that often vastly outweigh their climate benefits. The Paris Agreement, if fully implemented, will cost $819–$1,890 billion per year in 2030, yet will reduce emissions by just 1% of what is needed to limit average global temperature rise to 1.5°C. Each dollar spent on Paris will likely produce climate benefits worth 11¢
Long-term impacts of climate policy can cost even more. The IPCC two best future scenarios are the “sustainable” SSP1 & the “fossil-fuel driven” SSP5. Current climate-focused attitudes suggest we aim for the “sustainable” world but the higher economic growth in SSP5 actually leads to much greater welfare for humanity. After adjusting for climate damages SSP5 will on average leave grandchildren of today's poor $48,000 better off every year. It will reduce poverty by 26 million each year until 2050, inequality will be lower, and more than 80 million premature deaths will be avoided
Using carbon taxes an optimal realistic climate policy can aggressively reduce emissions & reduce the global temperature increase from 4.1°C in 2100 to 3.75°C. This will cost $18 trillion, but deliver climate benefits worth twice that. The popular 2°C target, in contrast, is unrealistic and would leave the world more than $250 trillion worse off
The most effective climate policy is increasing investment in green R&D to make future decarbonization much cheaper This can deliver $11 of climate benefits for each dollar spent
More effective climate policies can help the world do better
https://www.sciencedirect.com/science/article/pi
Cowichan it would seem the odds are stacked in our favour.
Thanks Razors - we are due for some positive news regarding drill data!
Apparently Centamin just hired a South Africa firm* to help in that and related mineral resource departments .
* https://www.dekadynamics.com.au/technical-systems-selection-implementation-and-sustainability/
----------------------------->>>>
posted 3 hours ago
I would like to thank Fredrick Chitonga for this amazing training about Modern Mine Sampling and QAQC of Mine Sampling Data at Sukari Gold Mines.
We are always searching for improvements.
#geologists #mineralresources #sampling #SGM
https://www.linkedin.com/posts/mohamed-ehab-fahmy_geologists-mineralresources-sampling-activity-6968210937174462464-VmKf
Thanks Razors good find ,the future.
We’re in grave danger of positive news at any moment.
Surely Geodrill couldn’t drill $54m worth of holes and not come up with something.
*Article dated 1st Feb 2022
https://www.benzinga.com/pressreleases/22/02/n25331866/geodrill-wins-usd-54m-five-year-underground-drilling-contract-in-egypt
Well done and good luck to all the Greek people for the future!
Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.
https://www.france24.com/en/live-news/20220820-eu-fiscal-oversight-of-greece-ends-after-12-years
Thanks Cowichan, most amusing but unfortunately all too accurate.
I am a big believer in a European free trade agreement but a single currency was stupid & always doomed to failure.
When the EU was formed the pollies were told that a single currency would not work but the temptation of being to exert economic control over entire nations (think of what they did to Greece) proved to tempting & the advice was ignored.
Ultimately you reap what you so & Europe looks ready for harvest. I take no great pleasure from this as I have a number of friends in various parts of Europe but the silver lining is the demise of the Euro would likely bode well for gold & thus us :)
JEPh,
So what news do you have on Centamin & gold?
r1234,
We are all hoping that the turnaround is finally starting to deliver more than just the promises of the past!
Russian state TV has claimed military targets on UK soil should be attacked if British soldiers are deployed in Ukraine.
Igor Korotchenko, a pro-Kremlin military journalist, said Russia doesn't "desire" war with the UK, but would react harshly if any soldiers were sent to the frontline.
Speaking on the state-owned Russia 1, Korotchenko said Russia "reserved the right to resort to any possible action" if British soldiers engaged with the Russian armed forces in Ukraine.
https://uk.yahoo.com/news/russian-state-tv-british-army-attacked-brit-soldiers-fight-ukraine-163503865.html
The consequences of this war for our food and energy security are already clear, and compare with our situation when supplies were disrupted in the second world war. In 1940, the solution was found in a rationing scheme that avoided mass starvation and prioritised petrol supplies for essential services. Essential industries were supported and munitions production increased. A coalition government was formed with a war cabinet of the best people from different parties.
https://uk.yahoo.com/news/britain-must-wake-war-reaches-164703627.html
Hi Cowichan,
Interesting although unfortunately the UK can only watch from the outside now and the UK has lost all influence in Europe and we have lost so many of the freedoms advantages we once enjoyed being part of an free and open Europe.
To be fair Pitchfork Papers was in favour of remaining in the EU
Leavers have LOTS of money: seems like a lot of very wealthy people are anxious to get out of the EU.
I wonder why? Is it because many of the constraints on how badly you're allowed to treat workers have been put in place by the EU? Is it because the EU has insisted on environmental legislation which hampers the freedom-to-pollute of corporations and governments? Is it because the EU has established an international criminal court where all those people to whom we sell weapons might be called to account? Is it because the EU has tried to come up with some sort of humane response to immigration other than barbed wire and Trumpian walls?
https://pitchfork.com/news/66210-brian-eno-encourages-uk-citizens-to-vote-against-brexit/