Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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'In North Africa Centamin comes in and out of favour in Egypt, while in Ethiopia it looks like KEFI might finally be about to get the long-awaited Tulu Kapi project off the ground.'
You are RICH!
im scratching around, making jam on the fire and making my own wine!
Im hoping that Centamin does start to look up soon. I think I've been here ten years and only about level , but had the divis. If Centamin did manage a big leap (say --up to £1.40 or £1.50) , I'd consider cashing some in and getting some more post office IDS shares as they should eventually start moving again and also paying a divi.
No mention of Centamin?
Cowichan
Why dont you cut and paste the facts as you see them. I would like to have a look
best
the Gnome
Paul you are right, I sold some Centamin for Hoc probably around when they hit parity - Hoc share price has historically been around 40% more than Centamin, however as you point out Hoc continued down and is now far below cey, the politics has been far worse than expected, the main mine under siege etc. However it was only a small percentage of my cey holding that I then bought back, and I haven’t bought or sold either since last Easter and sorting tax, till my small cey top up yesterday. Yes I have been reinvesting dividends in Tharisa as I continue to think it is a great and undervalued company, but the price stays low as despite its huge profits (pe about 2.5) it reinvests the vast majority in growing a new mine, so it is another jam tomorrow but I have great faith, hope I am right as at an average price about 25% above now. Also the market worries about electric car effect on PGM prices but forgets half the Ths profit is now chromium which continues up, just as they think Hoc is still a silver miner whereas now it is mainly and increasingly gold. Cey remains by far my biggest holding and you are quite right I should have kept the faith and reinvested divis here, but also didn’t want even more eggs in one basket. And Tibbs I have a mortgage I wouldn’t have needed if I sold Centamin so you could say overall I am leveraged but it is only about 15% of my total wealth. I couldn’t resist the mortgage as it was 5 years at 0.9%. On £100k the divi should be £30k, and inflation should lift the share price even if it falls in real terms. Maybe foolhardy.
So true Mr Bond, now we know how the cash machine was being funded and the golden flip flops turned out to be just very thin metallised plastic!
Hi Paul,
Still sounds great what you have achieved!
In the meantime you may enjoy this series, the people really have got their priorities right!
https://www.itv.com/watch/martin-clunes-islands-of-the-pacific/2a7772/2a7772a0001
Ben journeys to South America to visit Rhona, a British-born actress who left Hollywood to live alone in a remote valley in Uruguay
https://www.channel5.com/show/ben-fogle-new-lives-in-the-wild/season-17/episode-4
Paul ,Demented cash machine or ATM spitting out cash was along with Golden Flip Flop ,parties from Mr T.
Though you probably knew that.
Oh Happy naieve Days , of years ago. :-)
Unfortunately in real life it is made sure the machine is gone.
But that was before the payments to Government ,50 % of free cash flow started,and before Joseph the CEO decided to cash in his considerable amount of Chips.
From memory , E&OE.
I cannot say that I actually enjoy gardening Mr T and Im not very good or lucky with it. However the apples come in handy but I cannot seem to store them beyond May. The plums have been turned into jam. I need to think about what to try to grow this year and where. For a pretty biggish garden they is not a lot of useful space AND many years ago someone put a load of limestone in to try to help drainage. Each year I try to reclaim a little of it back by digging out the stone and then sifting it and trying to make up the shortage with twigs and compost from the bin. Centamin have my sympathy moving THAT waste.
Very little been going on in the garden. I managed to collect ten wheelborrow loads of leaves to mulch with.
A bit like Centamin ---I keep hoping that this year will be better.
I took blackcurrant cuttings, so in a year, I should have some more of them for the jam. Probably grow less cucucmbers for gherkins this year and one less courgette plant. Turnips and peas will be grown (hopefully) and Tomatoes (had a bit of luck last year) ----and fingers crossed for shallots or onions.
I think Martin Horgan wont give a really good update until he is sure things are going great-------and i think he will underplay anygood news as another knock of trust could really effect the confidence we are slowly gettting back.
Hi Mr Gnome,
I hear the Tory Brexiteers are now in the "Last Chance saloon", they really have shafted the UK!
https://www.holyrood.com/news/view,boris-johnson-says-uk-government-was-wrong-to-offer-brexit-without-plan-for-how-leave-vote-would-work_12003.htm
Trump Republicans clearly underperformed, and in Britain, public regret over Brexit—or “Bregret”
https://www.theatlantic.com/ideas/archive/2022/12/britain-brexit-regret-polling-populism/672467/
We have Dominic Cummings to thank for Boris Johnson's original “get Brexit done” campaign that won him the election. However, during an interview with BBC political editor Laura Kuenssberg, Cummings admitted that Brexit could have been “a mistake”.
https://www.joe.co.uk/politics/brexit-may-have-been-a-mistake-admits-dominic-cummings-281538
Guy Hands has said that Rishi Sunak must admit that the Brexit campaign was full of lies, if the party wants his support again.
https://leftfootforward.org/2022/11/billionaire-tory-donor-tells-rishi-sunak-to-admit-that-the-public-were-lied-to-over-brexit/
Cowichan, sorry I think I must be missing something what facts are you referring to?
Sotolo ,
Didn't you say in the past that your Centamin holding was leveraged or on some form of borrowing?
Hi Paul,
Hope you are well and still enjoying your garden and the wildlife!
Yes, I am in agreement with you !
Sotolo --I thought you were in and out of HOC and THS along with Centamin? I seem to remember you saying your Centamin divi was late getting payed and you wanted to put it in THS? (Im sure you were saying that THS were a great company) .
Hoc were up near £3 at one point and THS £1-60? Both are less that Centamin now though. Anyone who reinvested the last Centamin divi, when we were about 84p has done not bad so far (fingers crossed).
When do you think we will be the £3 mark you forecast before the news of the waste came out? Im hoping I'll still be alive by then.
Do any LTH remember when people used the phrase about turning out cash "Like a demented cash machine" ? Im hoping for some higher dividends soon. That might ease the pain of the last few years.
Hopefully they will start to come with a bit more good news. Without setting Mr T off on one. the previous management lost Centamin a lot of trust before Martin Horgan took over. I think he is trying to rebuild that now, with mainly boring "steady as she goes" updates.
Thanks as ever Razor, and for being a consistent part of our lives!
https://twitter.com/centaminplc/status/1618146937546358785?s=46&t=RgBaM_jOwuU8mTpbEw9PzA
Major European markets are on track for a negative open on Wednesday, ahead of the publication of new economic reports and amid the earnings season. Today, market participants will receive the latest data from the Ifo survey on the business climate in Germany.
At 7:54 am CET, the DAX lost 0.13%, while the CAC 40 was flat. The FTSE 100 rose 0.10%, and Euro Stoxx 50 inched down 0.09%.
The euro improved by 0.21% against the dollar at 7:56 am CET, selling for $1.09042. In comparison, the pound lost 0.06% to go for $1.23282 simultaneously.
Baha Breaking News (BBN) / JG
Happy hump y’al
Gold currently $1932 per troy ounce.
Waited 9 years for his verdict got out two years ago it was clear the verdict would have no boost tor the share price. Watch your £s here .sorry state of affairs with the old gaurd still pulling the strings. market 22 finally signing off, good night and and god bless .
When you look at the facts in Met testing they test a very small fraction of the ore volume (<0.01%), and invest a very large part of their project capital ... on the results of this absurdly small, biased, sampling. When you look at the assumptions built into the sample of this ultra small portion of the orebody, there are very significant risks inherent. Yet happily they claim 15% accuracy. State your case in facts, as to how one could sample <0.01% of an inhomegnous 3d orebody, sampled by pin pricks (drills, which have strong directional and sample bias), logged inconsistently by several geologists over lets say a 3 year period (think staff training, turnover, developing nations) and lay claim to be accurate to 15%? Please lets stick to the facts. It is NOT an easy task, and it is fraught with dangers. Look at the studies of underperformance in Australia, and then ask, what would be the basis for thinking it would be a lot better performance in Cote Ivoire?
I am most intrigued
the Gnome
when you can't refute the facts one must resort to labels like 'clowns'
none is more disappointed to be uninvested in Egypt than I
I wish every Centamin holder does not lose on their investment , thus I've asked the questions others hadn't - if that makes me a hand waving clown , so be it - but at least the intention was to protect Centamin shareholders from losing sight of the red flags and holding management to task - no good deed goes unpunished , best to all
Yes Steve I have just stuck with Centamin. However the near 50% recent rise makes up a chunk of it and 10 years of around 6% dividends have made another chunk. It is a pretty fantastic year in year out income even if reduced
Spot on goldgnome ,especially ,your last sentence. :-)
Divi tax high too- (of course no cgt or divi taxes paid in isa / sipp). My nervous disposition never lets me hold large stakes in miners for divis - way too high risk and way lower risk assets and funds to gain stream of income- 1 slip and the SP gets battered, and worse if your mine ends up in a war zone!
I was in the "Last Chance Saloon" the other night, and CEY was not there. But it was packed out, and the beer was good
One of the groups I did see drinking hard were Team USA. It looks like the Ponzi scheme they run, has just leveraged up another record!
Most games of chicken do not have trillion-dollar stakes. But such a spectacle is common in America when Republicans in Congress face off with a Democratic president over the debt ceiling. This legal limit on the amount of debt held by the Treasury is periodically raised (whenever they want and there has been a fair amount of want)—but never by enough to avoid a repeated stalemate. Without a bipartisan political deal to raise the ceiling America would be in uncharted and dangerous territory, bumbling into pointless default (recall they defaulted in 1970, but of course they called it something else!!!. recall in 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system..it was a convertability problem of a barbaric relic, LOL
On January 19th Janet Yellen, the treasury secretary, announced that the country had hit its maximum debt (of $31.381trn) and that she had begun taking “extraordinary measures”—accounting tricks such as deferring pension investments to conserve cash. These measures, which have become routine (!!??), buy several months before the calamity actually arrives, called the “X-date”. The last close call, in 2011 when Barack Obama was president and Joe Biden was vice-president, was resolved with only days to spare, spooking stockmarkets and leading one ratings agency to downgrade the federal government’s credit.
Republicans must repudiate their use of the debt ceiling as a negotiating tactic, and congressional Democrats and the Biden administration must abandon their refusal to negotiate. The American people would welcome these steps as a rare sign of common sense from their leaders.
Common Sense is not common these days! Especially in politics, anywhere!
regards
The Gnome