Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Mr T --check the RNS from the other day.
It said "· Doropo Gold Project definitive feasibility study (mid-2024)"
Is that when the deciion will be made one way or another?
Hi Dasut, if Doropo gets the green light there will be a period when tens of milions of dollars are going out the door and into the ground in West Africa every quarter for no return. So the build phase will be a tricky period I guess...
Hi Dasut,
A mining annalist acquaintance of mine from what information has thus far been released described the Doropo projects as "Hardley a dripping roast!"
I realise since then gold prices have risen, but that said they cant be guaranteed and of course there is always the African risk factor of corrupt government, military cue or insurrection by jihadist and other rebel groups.
But those factors aside what should concern any shareholder or potential investor is that Centamin thus far has hardly a good track record regarding the creation of commercially viable mines outside of its Egyptian comfort zone, that said even then the management through a mindset of short term high profits at minimal cost achieved by deliberate bad mining practice and glossing over the true facts has created an appalling mess at Sukari for which shareholders are paying a heavy price!
I remain unconvinced about the Doropo prospects and cant help but wonder if it is being used as a diversionary tactic from the ongoing Eygptian problems at Sukari which has yet to deliver and will Doropo end up as being yet another money pit which will end up being handed over to someone else or just abandoned?
Cowichan it's been only 12 months since Cey cleared 127500oz in Q3 2022 - not so far away from 130. And Horgan mentions new "flexibility" in the open pit as a result of all the waste stripping - meaning access to better grades is available. I say Q4 production , barring further unforeseen production issues, will be very close to or in excess of 130000oz. You say not. Let's see who's right.
Paul right now I would settle for silver toe caps which is far better than the tin that we can maybe afford at the current SP. Will be a while before we get near the gold flip flops.
A question was also asked about when Doropo will influence the SP which again is a difficult prediction.
Initial impact will be when the green light is given to go mining. Then another impact will be when they ship the first ounces. My belief is that both of these will happen but when I have no idea.
Mr Bond tend to agree that is why I am asking where we are hearing that the plant closed for 30 days. As Cowichan rightly says 130,000 ounces is a big ask so they need a kick start of a considerable number of ounces.
Can the plant produce 130,000 ounces at the current low grades I don't know so worthy of a question for the retail presentation.
From my experience I have never ever seen a mine working at 100% of the optimum feed. By this I mean a truck feeding the mill, with the next truck backing up just as the truck feeding is moving away. This allows a percentage of time to feed with loaders from the ROM.
Guess it depends on the overall efficiency of the plant as to whether there is capacity to achieve the necessary ounces.
Https://www.swissre.com/institute/research/sigma-research/Economic-Outlook/us-economic-outlook-september-2023.html#:~:text=After%20an%20estimated%202.1%25%20real,%25%20by%20year%2Dend%202024.
The odds are on Israel going in- the main gold driver at the moment- US remains economically strong, jobless claims, gdp etc/ you can all research.
After going in quick again today- I may hold over the weekend as gold could continue to accelerate on balance. Of course could drop on counter news, but on balance….
With CEY being confident on hitting low end (they must have something up their sleeve like Dasut mentioned)- again on balance more likely than not- get your questions in for the 30th October!
We all know the questions
Yes, strange old world ... Some v interesting if not balanced (there is a lot of unbalanced stuff floating around) conversation ?
We are pleased to announce the release of the next instalment of John Anderson Conversations, with Victor Davis Hanson.
John is joined by military historian Victor Davis Hanson to discuss the escalating conflict in the Middle East. This conversation was recorded on Wednesday the 18th of October.
Hanson argues that Israel is in a unique position to retaliate unencumbered by American opposition, due to the bi-partisan support it currently has in the US. However, he contends that conflicts like this, and others such as the war in Ukraine, would probably not have transpired had President Trump still been at the helm.
Victor Davis Hanson is an American classicist, military historian, columnist, and farmer. He has been a commentator on contemporary politics for the National Review and The Washington Times and is currently the Martin and Illie Anderson Senior Fellow at Stanford University’s Hoover Institution.
In addition to writing hundreds of articles, book reviews and newspaper editorials, Hanson is also the author of twenty-four books and hosts a regular podcast series, 'The Victor Davis Hanson Show'. Hanson was awarded the National Humanities Medal in 2007 by President George W. Bush, and was a presidential appointee in 2007-08 on the American Battle Monuments Commission. His latest book, The Dying Citizen, was published in October 2021.
https://www.youtube.com/watch?v=FG0cgViEcc8
Its good to get away from the trail of the lemmings
best the gnome ... and go gold !!!
Prospects for Gold are significantly improving, and CEY as the best UK listed Gold option here (IMO) is now simply looking way too cheap.
I know there are other things going on but gold has risen about 8% in the last week or so and our price is about the same as it was a week ago???
It's a weird old share this.
Interestingly, my crypto portfolio is going good guns too- and before anyone mentions certain undesirables using too, it’s not the tool-
It’s the people using it
Interesting times indeed Goldgnome- watched it all too- go gold :-)
Equities in Europe traded lower in the premarket on Friday after the previous day's losses across the pond that followed United States Federal Reserve Chair Jerome Powell's hints of new interest rate hikes. Meanwhile, the United Kingdom reported a monthly decline in October's consumer confidence while awaiting the update on its retail sales and Germany's producer prices.
The DAX dropped by 0.69% at 7:36 am CET. At the same time, the FTSE 100 lost 0.39%. The CAC 40 decreased by 0.79%. The Eurostoxx 50 slid by 0.81%.
The euro fell by 0.08% against the dollar at 7:47 am CET to sell for $1.05738. At that moment, the pound sterling went down by 0.13% against the greenback to change hands for $1.21286.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend.
Everyone in financial markets seems to have a different explanation for why US bond yields have reached their highest level in 16 years. now...distilled down to just three.
Jerome Powell started with what was not causing higher yields that translate to rising borrowing costs for business, government and households.
“It’s not apparently about expectations of higher inflation. And it’s also not mainly about shorter term policy moves,” the Reserve Bank chairman said on Thursday (Friday AEDT).
Federal Reserve Chairman Jerome Powell said the Fed was “attentive” to the rise in yields. AP
Powell means financial markets are not trying to guess what the Fed is going to do with interest rates in the short term because if they were, they would have pushed up yields substantially on shorter term yields such as 2-year bonds. Instead, the higher yields have been on longer dated bonds.
So, then why push up yields on longer dated bonds?
“Markets and analysts are seeing the resilience of the economy to high-interest rates. And they’re revising their view about the overall strength of the economy and thinking in the longer term, this may require higher rates.”
Second, Powell points to the fiscal side of the ledger.
“There may be a heightened focus on fiscal deficits,” he said, “concerns over fiscal deficits could be a longer-term factor.”
Powell has just returned from the latest World Bank and International Monetary Fund meetings in Morocco where he heard that a lot of “countries are facing the need for substantial amounts of revenue....[for] military, there’s also dealing with climate change”.
“It’s not a secret...we know that we’re on an unsustainable path fiscally. It’s not that the level of the debt is unsustainable, it’s not, it’s that the path we’re on is unsustainable, and we’ll have to get off that path sooner rather than later.”
Powell then moved on to the third reason: better compensation for putting your money in bonds compared to equities, especially if the supply of bonds is bigger, pushing down their price. Prices move in the opposite direction to yields.
“Another one you hear very often is the changing correlation between bonds and equities.”
“If we are going forward into a world of more supply shocks rather than demand shocks, that could make bonds, a less attractive hedge to equities. Therefore, you need to be paid more to own bonds, and therefore, the term premium goes up.”
Powell said these changes were all pointing to higher borrowing costs. “If you look at financial conditions indexes, they’re showing tightening and a lot of that is because of longer rates,” he said.
IT WONT BE THE SUPPLY SHOCKS BUT THE MILITARY SHOCKS ...QUITE LUDICROUS FOR NATIONS THAT REGARD THEMSLVES AS DEVELOPED....OR EVOLVED
Go Gold
The Gnome
The only job you seem to have MrBond is covering up for Centamin's mismanagement - whom you continually worship for giving shareholders dwindling dividends, a flailing share price & ever rising costs - if that is your definition of a normal shareholder then you are anything but
Talking of mis /nformation 2 days ago you posted at 15.17 . in your final pragraph ," Not simple shareholders such as us".
Earlier this year you stated "I am out and not comiming back".
Yetyou seemingly ,solely intent on putting CEY down.
You are not a normal poster , far from it, .
You no far less than the instituions ,I have not seen them selling,nor have you.
Sweet dreams Cowichan , Get a better Job .
I'll give you that nobody at Sukari has been seriously injured or died lately - but the rest is utter rubbish
the elevated waste clearing is not scheduled to finish until the end of mine winddown period - as per Centamin's brand new LOM schedule found here : https://www.centamin.com/media/2996/sukari-life-of-mine-summary-oct-23.pdf
year 2024 waste to ore ratio 6.4 to 1
year 2025 waste to ore ratio 10.0 to 1
year 2026 waste to ore ratio 11.4 to 1
year 2027 waste to ore ratio 10.0 to 1
year 2028 waste to ore ratio 11.1 to 1
year 2029 waste to ore ratio 7.5 to 1
year 2030 waste to ore ratio 5.8 to 1
and forget about less ounces being very good for shareholders - less ounces means higher AISC because the ounces produced is the denominator in that equation ($600,000,000 / 500,000 ounces = $1,200 AISC vs $600,000,000 / 400,000 ounces = $1500 AISC)
how about experts like Bond stop spewing the same old misinformation to lull shareholders into a comatose state of delusion , without numbers and facts all you have is pie-in-the-sky platitudes that all is well
The number of years previous management ignored waste clearance around the open pit.
It takes an equal number of years to now clear it.
Once its finished much better days.
If gold does continue its altitude , with the Easts buying all is good.
Anything above 400K T ozs is very good for the company and holders.
And no debt. Fuel costs reduced and impeccable safety standards.
Whats not to like.
AU must be supportive of CEY price tomorrow after putting on $20 since our close at 16.30
Considering the low oz for q3 I think it held up very well today
It's been 12 quarters since Centamin last cleared 130k oz
Centamin's own estimates at the start of 2023 was not for 130k ounces in Q4
so why would shareholders expect that to be reached? unless there is a standby source of higher-than-normal grade ore waiting to be processed -
Centamin's processing plant runs at capacity 24-7 (not including during breakdowns or maintenance) so there is no means to push more ore thru the system - the only other way to increase ounces is via higher grade - if Centamin has higher grade ore just waiting for such disruptions, great - tell shareholders the same - if not - tell shareholders the shortfall is unlikely to be met
Vol. Sold 1,007,289
Sold Value £835.16k
Vol. Bought 3,049,546
Bought Value £2.53m
Thank you for that. I know a lot of mining is guess work and a bit of luck so it's difficult to predict. I noticed that about the extra trucks (5 I think?) as well -----so hoping they will be moving a fair bit of gold in them! A couple of monster nuggets would be nice.
Obviously we only have an idea of what we are being told, but as you have pointed out, several of those things should make things easier and lower costs.
Surely it is a positive that these steps are being taken-----along with extending the solar and connecting to the grid. Lowering costs should increase profit margins.
I also have it in my head that they were working on a POG of $1850 this year, and I think we have been above that for a lot of the time.
I suppose we just wait for some good news and that the Q4 figures are good.
I'd like golden toe caps for my boots, not golden coffin nails!
Everything else I totally agree with
Hitting today’s high.
Currently circa $1972 and rising.
THE Mill or one of them may have been down for a while, would slow down processing, but not stop it completely, with all respect to you Dasut.