Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The National Aeronautics and Space Administration (NASA) and Tesla Inc. and Twitter Inc. Chief Executive Officer (CEO) Elon Musk's SpaceX successfully launched the Crew-6 to the International Space Station (ISS) on Thursday.
SpaceX's rocket Falcon 9 carried the mission, consisting of NASA's Stephen Bowen and Warren "Woody" Hoburg, Sultan Alneyadi from the United Arab Emirates, and the Roscosmos State Space Corporation's Andrey Fedyaev. They lift off at approximately 12:34 am ET from the Kennedy Space Center in Florida.
The launch was originally scheduled for February 27 but was postponed due to a reported fuel issue.
Baha Breaking News (BBN) / JR
*Elon Musk is a living genus, legend, historical human.
Just saying…
Daily Mail: Weir Group profits jumped by a quarter last year after orders boomed on the back of strong demand from the mining sector as the industry looks to decarbonise.
https://www.dailymail.co.uk/money/markets/article-11807627/Weir-Group-sees-strong-growth-driven-demand-mining-sector.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
From the "UPS" thread ....
BREAKOUT
CEY 104.60p
A good movement up today as the Gold price rise helped, breaking up the last intraday high after a few days going sideways at the bottom recently.
chart with comment ....https://uk.advfn.com/p.php?pid=chartscreenshot&u=MTARnQhvAfw/PQzHNgGU/Qlp6Ll/GTvOZuiQMoSAPpA=
Hi Mr T. Thanks for finding that out. It might be an idea for the future for Centamin and Sukari etc. It would save another "wall problem" on any future nearby pits.
Hi Sotolo,
There are a number of mines globally which have a series of open pits and once the first pit is mined out and then the waste from the second pit fills the first and so on.
So in theory this works as long as the waste being generated is close to the mined out open pit (even better if its downhill as well!).
Sorry Steve I was trying to say that two days ago he said this rise, which he predicted, spot on as so often, would end soon at 1870 ie not long now, and then there will be a big fall, so far he has been right
March 1, 2023
Harmony's shares slid 2% on Wednesday after it posted an 18% increase in half-year profit but refrained from declaring an interim dividend, citing the need to allocate capital to growth projects.
exploration has been lacking for such a long time and for people to replace assets they will have to look at what their neighbors have and what the opportunities will be," Steenkamp told Reuters in an interview.
https://www.reuters.com/markets/commodities/safricas-harmony-gold-half-year-profit-up-18-2023-03-01/
Gold can only go up or down so pointless listening to predictions from people as there are 1,000s of them out there so the likelihood of many being correct is high on a 50/50 bet... only worth reading of exact figure to hit with rationale is posted and when- nearly all of them when they stage at say 1800 gold price it will go up to say 1850 then down and it goes to 1830 simply still claim to to right just slightly off - it's all pointless unless you believe in the rationale- most cover themselves with waffle though and are utterly pointless, lick hungry charlatans
Well he was wrong then. so he will probably be wrong again too
Premyslaw Radomski who seems to call gold better than most (I find Gary Wagner second) called this turn up right on the button again last week. Unfortunately he said it would end around $1870 a couple of days ago, when gold was a bit lower, and the would come the big drop; I do hope he is wrong but he rarely seems to be.
105p +2.95p
It seems today is the day to start moving higher again after the large pause
Gold is going higher again this afternoon
Currently $1842 +15
Gosh Tibbs what cheering news and I do hope you prove right, 5 years the annual calendar year dividend was over 10p, last year around 6p, I see it falling to around 4p ie by 33%, hope I am wrong as I always do and the optimists read it better but I somehow doubt it on this when profits will be lower and they say they will no longer pay all or more of the profits as dividends but reinvest a hunk which is worrisome to me, best regards Jeremiah
Hi Paul,
Put your question to someone who knows the industry well, see answer below-
"This is always done when circumstances allow. It is however not practical if you have one pit that is mined such that it follows the deposit to the bottom in a steep fashion.
Where it can be done is when there are a number of pits that are mined sequentially.
A good example is what Orezone plans to do.
Alternatively, if you have a single pit that stretches over a long distance and there are areas that no longer need deepening, those can be filled as long as there is no risk of that material spilling over in the pit where you are working"
Hi Paul,
Your question and idea in principle seems to make very good sense because if feasible it would reduce haulage distance and times,also reducing plant wear and tear and diesel consumption even possibly help to make the surrounding area more stable?
I will see if I can find out more!
In the meantime you may care to see this link which although not connected with Centamin shows the importance of properly regulated mining tand industry the world over!
https://secure.avaaz.org/campaign/en/stop_war_on_water_uk_12/?crtqjhb
Tibbs
I hope they dont cut the divi any more Mr T. Also, with a bit of luck, Im hoping after the next one, that the divis will increase to a decent level, similar (or better!) than ones in the past, but without the dodgy practises that went on at that time.
As Ive said before, things could hav been done more smoothly and the total amount of dividends over the years would be the same, but the company and the share price would be in a better position, because things would have been done properly.
Some of that excess money in the past could have been spent on the "Heap" and opening things up ready for getting more gold out. We probably would have had a more consistant dividend.
You and me know they story so no need to go over it again.
It would be nice to start opening up areas alongside Sukari .
And here is a question for the mining experts.
If you have gotten most or all of the gold out of a pit and moved on to an adjacent area, can you back fill into the pit and would that cut costs???
Hi Somnamma,
Possibly they have regarded the Centamin dividend reduction as an excuse or opportunity to reduce theirs without getting too much flack from shareholders?
Really can't see Cey cutting the divi any more, unless something dire happened!
European indexes were higher in premarket trading on Wednesday as investors awaited the release of a string of economic data reports, including Germany's inflation figures and PMI numbers from around the continent.
The Euro Stoxx 50 rose 0.35% at 7:30 am CET, the FTSE 100 was up 0.26%, the DAX increased 0.29% and the CAC 40 climbed 0.23%.
The euro gained 0.27% against the dollar to sell for 1.06050 at 7:37 am CET and the pound added 0.22% compared to the greenback to go for 1.20529 at the same time.
Baha Breaking News (BBN) / NP
Happy hump y’al
Gold .45% positive
1/3/23
Sotolo, Razors, SteveJ, 3Bear et al, all good points as far as production from the existing Sukhari mine is concerned but for me a big factor that could bump start the share price is to get a wiggle on with developing the 160km2 and the new concession. Dare I say it even JV with other companies to accelerate development of the new concession.
,
Yes 3bear- it's great that we have lots of contributors with differing nuances. Next set of US data on inflation etc will move things too
It’s not clear how any deal which results in new funding for projects in Northern Ireland will affect the rest of the UK.
The Barnett formula aims to make changes to funding for services in England have the same pound-per-person effect on the money which goes to Scotland, Wales and Northern Ireland for those services.
t’s not set out in law, and in practice the Treasury decides how to apply it. It can also be bypassed if the Treasury decides certain spending is outside the formula. If the devolved governments disagree they can argue the case.
The formula itself is basically: any change to UK government department budget multiplied by the percentage of devolved services in that area multiplied by the percentage population in that country.
So, if the Barnett formula is used the result would depend on which departments are affected. It only applies changes in the fixed budget of a department to the ‘block grant’ paid to the devolved governments. It doesn’t decide all funding.
How any additional funding for Northern Ireland might affect the rest of the UK will be decided by political negotiation.
https://commonslibrary.parliament.uk/confidence-and-supply-northern-irelands-1-billion/
https://www.bbc.co.uk/news/uk-northern-ireland-politics-44397110
https://www.ft.com/content/7bf09766-5a66-11e7-9bc8-8055f264aa8b
https://www.reuters.com/article/us-britain-politics-may-idUSKBN19H0HB
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/621794/Confidence_and_Supply_Agreement_between_the_Conservative_Party_and_the_DUP.pdf
Sotolo, Razors, SteveJ, you're all right in my view....
Rising SP depends on a market sentiment that production will rise, AISC will fall, GP is strong and ultimately as Sotolo says, profits are going to rise and keep on rising.
At the minute we're slightly in limbo ahead of a quiet Q1 but Q2 results should set things moving again.
Nice post.Can you tell me if the money promised to the DUP,was coming out of taxpayers or Donors Pockets.
It is surely wrong that Politicians can use funds that even opposition voters have paid into.On BBC question time the week before the Election it was clearly stated by one Tory M.P.,when discussing funding for the N.H.S etc,that there was "no money tree".The week after the Election one Tory on the panel on Question Time squirmed when goade with the words "so there IS a money tree!!!!".
"Let's get Brexit done "was Johnson's Mantra.He said it was DONE,papers told us all,and Boris was applauded.
It's now not done UNTILL it's done ,apparently!!??????!!!!!!!.
Sophie Hale, Principal Economist at the Resolution Foundation, said:
“The broad consensus has been that the trade barriers brought about by Brexit would harm the UK’s trade and wider economic performance.
“That was very visible during a terrible 2021, but there have been some recent signs that the UK’s headline record on trade appeared to be improving somewhat. While imports remain suppressed, export levels for goods and services look more promising.
“While improvements in goods exports have been inflated by a one-off ‘dash for gold’, the UK’s resilient services exports grew 15 per cent last year. This offers something to build on in the years ahead.
“Britain post-Brexit remains a services superpower – exporting more services around the world than any other country bar the US. Britain’s army of accountants, artists, consultants, and educational institutions are a success story that politicians rarely celebrate. But they hold the key to stronger growth in the decade ahead.”
https://www.resolutionfoundation.org/press-releases/headline-trade-data-highlights-the-uks-strengths-in-selling-services-but-hides-major-weakness-on-exporting-goods/
* It seems this is article is more economy related than gold although the gold price is currently off by .30%
The Resolution Foundation said that demand from global central banks for gold and precious metals was a one-off factor that had boosted UK exports to the rest of the world
Subscription only:
https://www.thetimes.co.uk/article/gold-rush-adds-lustre-to-exporting-performance-33g8pgbxr
Major stock markets in Europe traded mostly higher in the premarket on Tuesday, as investors braced for the upcoming Consumer Price Index (CPI) releases all across the continent, with Spain and France on the agenda today. The new batch of data could be crucial for future monetary policy steps.
In other news, the long-awaited agreement between the United Kingdom and the European Union on the Northern Ireland Protocol has finally been reached.
DAX added 0.14% at 7:33 am CET, while CAC 40 gained 0.11% and FTSE 100 was flat at the same time. The Euro Stoxx 50 rose 0.12%.
The euro was down by 0.18% against the dollar at 7:36 am CET, selling for 1.05894. The pound was 0.09% below the greenback and went for 1.20474 concurrently.
Baha Breaking News (BBN) / AY