We chatted to IronRidge Resources' CEO Vincent Mascolo who explains why the company has become a lithium explorer. Watch the video here.
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Mr T, agreed !
The very brutal view is that the politicians led by the economists with their whiz bang modelling machines had no idea of the economic devastation that they unleashed on the world. Its going to be a long road back to the mean, sorry the normal. I am watching for the money devaluing wars to take place, the debt explosions, etc
Macquarie just re-released their Capita Notes 2, now 180 basis points higher than a few months ago (which they pulled due to abnormal conditions and mounting uncertainties), with the higher interest rate being that which they modelled needed to attract investors commensurate for the new levels of risk! All snapped up in 5 hours, as the alternative interest rates and dividend rates are not great.
good luck to the investors in a company with a commitment and a capacity to paying shareholders a good dividend...rare as hens teeth?!
My own view on the pollies is they should be stripped of future benefit payments (as they do not create long term benefits, but do create long term liabilities..or debt), their salaries should be made equivalent to the basic wage, and their numbers should be reduced by the level of unemployment every year..so that would be 14% less pollies in the US for example...nearly as useless as economists!
best of luck to all, and keep your sense of humor above all.
Should have been £10.000 less the bastards are really pushing it.
Their time is running out, no cred. Could be said incompetent by a few, but not the media.
Though Piers vomit Morgan ,does fire back.
I agree Mr Bond, the UK government is desperate to get the people back to work because it can't afford to furlough them any more,
Boris Johnson did his Tommy Cooper impersonation on TV last night and and tried to pretend that he was presenting a credible plan to ease the UK out of the lock down, unfortunately our present cabinet is a bunch of clowns led by chief clown Boris whose strings are pulled by the lunatic in the White House!
Our politicians all got an extra allowance of £10,000 to work from home despite already receiving a generous allowances to run their offices anyway, but the plebs can just take their chances and get back to work as best they can!
Yes I stay very caution ally optimistic
But we have a strong wind behind us,for the moment.
Stay safe all,the CV19 is far from finished no matter what you read,better safe than sorry.
GLA and best wishes.
14/06/17 - 172.70p - The last time that the SP closed above 170p.
The management of Gran Colombia destroy share holder value!
Kess Dekker opinion -
Gran Colombia - The Roast Stopped Dripping
It is as if my work is jinxed. Not soon after I gave a positive advice on a precious metal company, which is very rare, it announces a value destructive deal involving Gold X and Guyana Goldfields. Gran Colombia Gold’s management, after years of destroying shareholders value through stupid financial machinations, has now decided to combine a very cash generative operation with a very marginal (rather submarginal) Toroparu open cast deposit and a very problematic Aurora operation. Aurora had on paper a high grade open pit deposit, which proved much lower grade than forecast, and a very low grade underground operation. Mining at Aurora now moves towards underground mining, which will in my opinion be sub marginal as well.
I am speechless!
Concession being viable. Interesting call. The biggest margins are in making the call on exploration upside. The biggest mistakes are their also.
Monday 12th? The next Monday 12th is November? Nothing today, Mon 11th, however there is an rns: "Further to the announcement made on 25 March 2020, the Company confirms that it will publish its financial results for the twelve months ended 31 December 2019 at 07.00 GMT on Monday 18 May 2020. "
European shares moved mostly higher in premarket trade on Monday as countries continued to ease some of the coronavirus restrictions.
The latest country to announce a relaxing of protective measures is the United Kingdom, whose Prime Minister Boris Johnson said the government is encouraging some people to return to work but avoid public transport. On the earnings front, Henkel reported its sales for the first quarter.
The DAX was up 0.37% at 8:02 am CET, while the FTSE 100 added 0.67%. At the same time, the CAC 40 was flat. The euro was up 0.01% against the dollar at 8:03 am CET, buying 1.08368.
Breaking the News / JC
Are we getting a Trading up date Monday 12th ?
China-controlled gold company Shandong Gold Mining Co. Ltd. is buying Canada’s TMAC Resources Inc. for US$149-million ($207.4-million), the latest struggling junior to be swept up by larger and better capitalized seniors.
Shandong is paying $1.75 a share in cash, 4.2 per cent above the Thursday close on the Toronto Stock Exchange.
I'm not picking on you, I wouldn't dream of it, apart from anything else, your contriburions to the forum are far too valuable.
On balance there is Ying and Yang and I occasionally like to throw in a Yanger. - Just for balance of course and not just to relieve myself on your good-works. :-)
It wouldn't be half as fun posting my high expectations for this bid round without you peeing on my bonfire :-)
But seriously, I agree with you. We never really know what is truly happening in Egypt until after the fact.
Once all the details are known, It'll be interesting to compare the old profit-share arrangements with the new. - I have a feeling there won't be much in it. - Also, exploitation of the 160km concession will be under the old profit-share arrangement, although this is the area beyond Sukari where the court has suspended the licence, albeit with the suspension itself temporarily suspended. - Complicated isn't it? - Given the history of events in Egypt and our own experience, I wouldn't take anything for granted here. - It really has been a can-o-worms and I suspect it will continue to be so. - Lord of the Ringers is a prime example, teaming-up with an ex Egypytian Minister to form a company only two weeks ahead of concessions being granted and then winning one of the concessions. - Intriguing or what?
Shares on major European stock markets ticked higher in premarket trade on Friday as investors' coronavirus worries started to diminish. European countries began gradually lifting lockdowns imposed over coronavirus as France expects around 400,000 businsess to reopen next week.
On the earnings front, ING Groep NV saw its net earnings per share plunging 41.4% annually in the first quarter, while Siemens' revenue decreased by 1% year-over-year to €14.23 billion in the second fiscal three-month period of 2020.
The DAX gained 1.23% at 7:55 am CET, while the CAC 40 jumped 1.22%. The FTSE 100 in the United Kingdom was closed as the country celbrates Early May Bank Holiday.
The euro added 0.09% to go for $1.08430 at 7:58 am CET.
Breaking the News / GA
The wording seems interesting.
It does sound like they will have to clear up the 2017 outcomes, less the government be liable for litigation. It could be that one or more of the favorable leases might be double allocated, which would be embarrassing (but this has happened before in several African countries).
Unusual in, that if they are interested in reaching world best standards, that they are offering mining concessions without disclosing conditions of the offer. Transparency is needed.
I would imagine if there was a concession of interest that Centamin would know of it, and would be in the bid process, to leverage their knowledge, and to use their capital properly to grow the business.
Razorsedge I think Youssef would love to have another concession but the board has always said must be viable and adding value. Must not be just for the sake of having another concession in their portfolio. Also there are several opportunities within the Sukari 160km concession area.
This said I feel sure that there are areas that would be of interest to Centamin and Sami is/was pretty much the most knowledgeable expert when it comes to the regions geology and it's opportunities.
Someone wrote that Sukari wasn't the preferred area when initially looking to develop their first opportunity although it was always my belief that Sami had always focused on the Sukari mountain range area.
I agree, why would Yossef El Raghi be so interested in commenting if he wasn’t involved in the process...
I think they have to be an applicant.
Silver platinum and palladium all up 1 to 2%
"Meanwhile, an official source, who asked to be anonymous, revealed to Ahram Online that the 2017 bid round was cancelled amicably and all sums that had been paid in accordance with the MoUs that had been signed by the winning companies had been refunded, except that of the English company Veritas Mining Limited, who refused the refund.
The source added that this is the first time that the ministry has opened the door to a gold bid without announcing its terms and conditions, which are necessary for investors to make up their minds.
“The terms will be announced on 15 March, simultaneously with the beginning of the bid, which will close on 15 July,” the source said.
The new exploration terms are based on a royalty, rent and tax system, cancelling the production share system.
Based on that, the investor will pay 6 percent of the total value of their agreement as royalties, in addition to the rent of for the block, and a tax. The rent and tax percentage have not been decided yet, the source clarified.
According to EMRA data seen by Ahram Online, three of the winning companies have committed to investing $1.233 billion, and they paid 10 percent of this amount, according to the exploration agreements."
I think this article indicates that Centamin have indeed already secured a new concession area and committed the funds to develop a new mine (approx 40 million.) We'll know officially June 15th
Cowichan I think Rebess’s theory is a greater possibility, that is a new mine application with the Egyptian government.
I think if the company got a bid at its current share price the price would probably go down from here, but it a new licence application were true £2 would be entirely doable.
Great to see Centamin getting a decent market value at last.
Joint venture would be acceptable somewhere brand new like Canada or Australia.
West Africa is our cash cow to milk - we don't need Bristow adding another trophy to his African Big Game wall...
We don't need Bristow asset stripping the company now or in the future!