Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Gold RSI Daily 79.3 Gold RSI weekly 74.51. Stochastics have been on 100% for awhile. As night follows day this will severely correct. Gaps in the charts all over the place for a number of gold miners and ETFs. They always back fill when we have no RNS. Last few days of the rally and it can retreat any time and it might do a quick double top and go back down. Time to take profits imop.
Tornado Tony ,what inevitable pullback is this.
Hi Dasut,
So had the Chinese developed Sukari it would have been with a Chinese workforce, quite clever really keeps control of the mine and the locals ignorant of how to operate it!
Wonder how the Chinese would have coped with the court case or the pit wall problems, Chan Pardey would have likely been sent to a hard labour institution for correction back in a cold part of China!
Wonder why the Chinese weren't interested in Doropo?
Steve, I have lost track of how many times gold and Centamin have peaked in the first two weeks of April. Selling off at this time has made me a packet in the past. Some kind of double top in gold and then we go down in hundreds. Lovely cheap Centamin shares say in six to nine weeks. Tony ( lets see if I get it right again)
There is no such thing as as inevitable pull back Tony, it’s all about data.
Gnome, Chinese have been active in developing markets for many years and are prepared to go in low and where angels fear to tread. They work at Government levels build a stadium as an example, supported by a protocol agreement and gain credence for future developments.
Work with Chinese labour seldom if ever develop the locals so basically extremely competitive primarily because subsidised by their government.
So no surprises that they take advantage of the years of such investment to gain advantages in the now metals markets.
Nickel so dependent on a low cost of recovery and transport to market is a massive cost but if you have a government support then it is a massive advantage.
Hint? Look at the nickel industry !!!!! a disaster in slow mo0tion for all stake holders, except...the Chines, but in a Western Finance sence, the fat lady has yet to sing..but do the chinese care, are there bigger concepts afloat....
best
the gnome
Canada is in the same place as Australia, and the US,and hopefully some entity will help Europe, but I would not hold my breath
It is a pathetic effort on the elected's behalf. China has a stranglehold on resource sector, and you can argue all you like about why.
Good luck to them, superior stratagy, plus execution. Thats what the game is about?
The western governments have been a pathetic performing unit....and it will remain so
good luck punters!
Don’t do Hochs due to stamp duty- Sotolo does, so may be able to answer- going well today like fres as silver up a lot
Sold off remaining Centamin. Will be back in after the inevitable big pull back. Not trying to get the exact top or bottom.
Yep that’s it- when the RNS came out I checked same last year this time, volume of share increased though.
Hi Razor's,
Thank you, more free shares for "The Boys" on the top table for basically doing what they are paid to do anyway!
It's about time the retail shareholders were awarded a special bonus!
RNS link:
https://www.lse.co.uk/rns/CEY/additional-listing-yfzloatfz2pfcld.html
Centamin plc
("Centamin" or "the Company" or "Group", including its subsidiaries)
LSE: CEY / TSX: CEE
ORDINARY SHARE LISTING APPLICATION
The Company wishes to advise that under the terms of the Company's shareholder approved incentive plans shares are required to be issued, in the ordinary course of business, to satisfy awards that are due to vest to participants in 2024.
2,650,000 ordinary shares of no par value ("Shares") will be issued and will rank pari passu with the Company's existing ordinary shares. The trustee of the share plans will allocate the vested awards subject to the terms of the share plans.
An application has been made by the Company to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") for the listing of the Shares to be admitted to the Official List of the FCA and to trading on the LSE. The Shares are expected to be admitted to trading on the LSE from 8:00am BST on 4 April 2024.
Immediately following the share admission, and in accordance with FCA Disclosure Guidance and Transparency Rule 5.6.1, the Company's total issued share capital will comprise of 1,161,082,695 ordinary shares of no par value and each carrying one voting right.
For more details on the Company's share plans, please refer to the 2023 Annual Report and Accounts which is available on the Company's website at www.centamin.com.
Equities in Europe traded mostly lower in the premarket on Tuesday ahead of the reports on inflation in Germany, house prices and mortgage approvals in the United Kingdom, and the manufacturing sector in those two countries and the Eurozone.
The DAX declined by 0.22% at 8:00 am CET. The CAC 40 decreased by 0.15%. The Eurostoxx 50 dropped by 0.08%. Meanwhile, the FTSE 100 stood flat.
The euro lost 0.15% to the dollar at 7:58 am CET to sell for $1.07266. Simultaneously, the pound sterling fell by 0.07% against the United States currency, going for $1.25424.
Baha Breaking News (BBN) / JR
Gold currently $2252.77
*Easter Tuesday
Any of you in Hochschild also? Trades only 6x PE ratio and just been covered yesterday in Seeking Alpha as a buy.
This and Hochschild the best way to play precious metals but you get a lot of silver there of course too
Giustra and Lassonde warn that Canada is jeopardizing its place on the world stage as it fails its resource sector, economy, and citizens.
They also discuss gold hitting new record highs, share their forecasts, and explain the divergence between the price of gold and gold miners.
https://www.kitco.com/news/article/2024-04-01/canada-lost-race-critical-metals-these-are-irreversible-consequences-frank
Has got to be
Vision 2030 identifies the mining sector as essential to achieving Riyadh’s target of net-zero carbon emissions by 2060. For example, Saudi Arabia hopes that its mining-powered green transition will bring the contribution of renewable energy to the overall energy mix to 50% by 2030
https://agsiw.org/saudi-arabia-pushes-ahead-to-become-a-global-mining-player/
RIYADH, Jan 10 (Reuters) - Saudi Arabia has established a $182 million mineral exploration incentive programme, a senior government official said on Wednesday, part of efforts to build an economy that does not rely mostly on oil.
https://www.reuters.com/markets/commodities/saudi-arabia-allocates-182-mln-mineral-exploration-incentives-mining-minister-2024-01-10/
Thanks Nimrod
https://www.ft.com/content/59298650-540a-43cd-86f8-a6c6db0aa906
Article on mining in a pink newspaper this morning "How Gulf states are putting their money into mining"
Gold futures $2,279.70.
Gold 2260
Cey got to be 115 tmrw
Now $40 up om uk close Thursday night.
If this don't push cey another few pence tomorrow I don't know what will.
GLA
Thats it Mr T, it has been an enormous exorbitant privilege
https://en.wikipedia.org/wiki/Exorbitant_privilege
https://www.econtalk.org/eichengreen-on-the-dollar-and-international-finance/
The other exorbitant privilege the US has is its virtual control of international law. Have a look at the rorts and contorts of how Meta makes its mullions. LOL and you know who pays...muggins