George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Major European stock market indexes traded mixed in Wednesday's premarket in anticipation of the important data release. Investors awaited the United Kingdom's industrial production, trade balance, and GDP, as well as the Eurozone's industrial production reports.
At 8:01 am CET, the DAX gained 0.26%, while the pan-European Euro Stoxx 50 rose 0.21%. The CAC 40 and the FTSE 100 were both flat.
The euro and British pound were both flat against the dollar at 7:58 am CET, selling for $1.09277 and $1.27942 simultaneously.
Baha Breaking News (BBN) / DD
Happy hump y’al
Gold currently $2159.76
Tibbles (copy and paste) post of today 16:15 was an article published in February 2023. It purports that 'The group’s leader, Yevgeny Prigozhin, has increasingly become more vocal in the public sphere about Wagner’s fighting prowess in Ukraine and purportedly has Russian President Vladimir Putin’s support.'
However, on 23 June 2023, Mr Prigozhin launched a rebellion against the Russian military leadership. Wagner forces captured Rostov-on-Don and advanced toward Moscow. The rebellion was called off the following day, and the criminal charges against Mr Prigozhin were dropped after he agreed to relocate his forces to Belarus. On 23 August 2023, exactly two months after the rebellion, Mr Prigozhin was killed along with nine other people when a business jet crashed in Tver Oblast, north of Moscow. The Wall Street Journal cited sources within the US government as saying that the crash was likely caused by a bomb on board or "some other form of sabotage". Since then, researchers and other analysts have reached the conclusion that an on-board bomb or explosive likely downed the plane.
Rebess, Considering the number of times shareholders were led up the garden path in the past i remain suspicious , but then the majority of mining companies seem tto take their shareholders for granted take their money and their trust and then fail to deliver time and time again , however that said somehow the CEO's and other senior management always seem to have exceeded some questionable and easily achievable criteria to qualify for free share and/or bonuses and perks for their performance despite in most instances failing to achieve anything other other than what they are paid for anyway!
Yet despite this some loyal share holders continue to defend the the very management who have failed them time and time again by making excuses for them such as Oh you don't understand , Oh that's mining or this sort of thing happens all the while in mining !
Well in my opinion that sort of thing shouldn't happen, that's why these CEO's and all the other directors are being paid such huge remuneration packages it's their job to deliver more than excuses!
What I say to all these mining company CEO's and senior managers is "Don't pi*s down my back and tell me it's rainin!"
https://www.youtube.com/watch?v=PpwJ1n7g1pM
As well as the overall forecast for 2024, It'll be interesting to compare Q1 24 with Q1 23. - Purely speculation on my part, but I'm a bit suspicious that they might have pinched some of Q1 24's output to make the numbers for Q4 23. - It was a close-run thing. - I'm expecting a a forecast back-loaded to H2, it always happens and it provides the rest of the year to juggle the balls. - It's the extent of the back-loading that will paint a picture for me. - We'll see.
Hi Rebess,
Many a true word spoken in jest!
I recall all to well your predictions that were subsequently proven to be well founded!
Despite Kees Dekker's concerns expressed in 2015 and again in 2018 Pardey continued to deny the obvious and resorted to claiming Kees Dekker was using inaccurate data although when Kees offered to rewrite the articles if Pardey were to to send the alleged correct data all dialogue between them ceased and then Pardey tried to suppress the Seeking Alpha articles!
https://tinyurl.com/bdhfk4z2
https://criticalinvestor.eu/kees-dekker-centamin-plc-get-out-while-the-going-is-good-again/
https://seekingalpha.com/author/kees-dekker
In exchange for considerable, if brutal, security assistance, Wagner required something in return.
Mali, like many African nations, is rich in natural resources - from timber and gold to uranium and lithium. Some are simply valuable, while others have strategic importance as well.
According to Dr Watling, Wagner was operating in a well-established tradition: "There is a standard Russian modus operandi, which is that you cover the operational costs with parallel business activity. In Africa, that is primarily through mining concessions."
In every country in which it operates, Wagner was reported to have secured valuable natural resources using these to not only cover costs, but also extract significant revenue. Russia has extracted $2.5bn (£2bn) worth of gold from Africa in the past two years, which is likely to have helped fund its war in Ukraine, according to the Blood Gold Report.
This month, Russian fighters - formerly Wagner mercenaries - took control of Mali's Intahaka gold mine, close to the border with Burkina Faso. The artisanal mine, the largest in northern Mali, had been disputed for many years by various armed groups active in the region.
But there is something else, with potential geopolitical significance.
"We are now observing the Russians attempting to strategically displace Western control of access to critical minerals and resources," says Dr Watling.
In Mali, the mining code was recently re-written to give the junta greater control over natural resources. That process has already seen an Australian lithium mine suspend trading on its shares, citing uncertainty over the implementation of the code.
While lithium and gold mines are clearly important, according to Dr Watling there is possibly an even greater strategic headache around the corner: "In Niger the Russians are endeavouring to gain a similar set of concessions that would strip French access to the uranium mines in the country."
https://www.bbc.co.uk/news/world-africa-68322230
Today, the Wagner Group’s activities in Africa – and elsewhere, as shown by the recent revelation of its receipt of missiles from North Korea – continue to provide it with important financial and military resources that support Russia’s continued invasion of Ukraine.
Why is it called the Wagner Group?
The origin of the name of the group is unclear. It is believed that the company was named after founder Dmitry Utkin’s old military call sign “Wagner.” Utkin, who reportedly has neo-Nazi sympathies, is said to have chosen that name in honor of the 19th-century German composer Richard Wagner. Adolf Hitler was an admirer of Wagner’s music, which he saw as the embodiment of the German nation.
The Wagner Group operates in a legal gray area in Russia. Russian law forbids citizens from serving as mercenaries, but state-run companies can have private armed security forces.
Nevertheless, the group registered as a company in 2022 and opened a headquarters in St. Petersburg. The group’s leader, Yevgeny Prigozhin, has increasingly become more vocal in the public sphere about Wagner’s fighting prowess in Ukraine and purportedly has Russian President Vladimir Putin’s support.
In Mali, Wagner Group forces have been implicated in several massacres, including one in March 2022 in which at least 400 civilians were killed, and in torture, disappearances, and looting, as they have simultaneously fought rebels while attempting to secure mining concessions and advance military ties between Mali and Russia.
https://tinyurl.com/mr2parcs
What on earth is going on within your head, so Egypt gets more investment, is that bad now ?
Does anyone know or care. what a desprate troll will try next.
Havnt got a clue why it mentions myself so often, :-)
4 international firms compete for gold prospecting tender in Egypt
The companies include Canada's Lotus Gold, the UK-based Nubian Mines, and Saudi Steps Group, in addition to a Russian company
Staff Writer, Arab Finance
March 12, 2024
Four international firms are competing to win Egypt's first global tender launched by Shalateen Mineral Resources for gold prospecting in two areas near the Sukari gold mine, a government official told Asharq Business.
The companies include Canada's Lotus Gold, the UK-based Nubian Mines, and Saudi Steps Group, in addition to a Russian company.
The official pointed out that another international tender will be launched for another three regions after finalizing this one.
It is worth mentioning that the production from the Sukari gold mine hit 450,058 ounces in 2023, compared to 440,974 ounces in 2022.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
https://www.zawya.com/en/economy/north-africa/4-international-firms-compete-for-gold-prospecting-tender-in-egypt-qsi4fppm
----->>>
Sadly no interest whatsoever from the mainstream miners - however Russia's Wagner Group is ready to party in the desert...
Well done Rebess- in a bizarre way it has helped me here but was painful at the time.
Steve - I did predict a 'Mine incident' as a way of covering-up and bringing about a reset of the numbers. - My predIction proved correct. - Impossible to know specifics such as a wall-collapse. - I predicted it on the back of a growing false-narrative postulated by Pardey at the time. - It's continued ever since. - Too many unexplainable events to cope with. - IMO - You did well to change tac.
Very good comment Steve. ;-)
Thanks DASUT- and to you too- we are all here to make money (well most of us are!).
Agree that No one predicted the impact on the SP of the wall movement because it wasn't only the wall movement. The wall issue shouldn't have been a major issue as this is something that happens when moving earth and rock.
The major problem was that they had nowhere else to go while they sorted out the unstable area. At the end of that same year they made the financial target.
Problem was and still is the cost of changing the mine plan to bring about the required flexibility.
Good luck Steve long may you continue to make your plans work.
Tony, where to find your etf data?
This is why I now only trade it- I’ve posted several times I took a hit on the wall issue and adjusted my strategy then and have very successfully traded it since on the economic marker strategy.
NO ONE on this forum predicted it and were wise after the event.
Which proves no one here, bar mhenderson, has provided any useful to date on these things.
I adjusted a trading strategy as I learn.
Before time runs-out, one thing to keep a look-out for is whether Centamin sells it's Doropo interests to a third party. - If it happens, the interest will be in who the 'Third party' is. - Whether it's an inside job or not. - On the back of the latest rumours, I wouldn't rule anything out.
steve all accurate information is useful and extremely important to all types of investors. centamin ****ed up and the share price fell through the floor this had nothing whatsoever to do with the gold price and the external data.
Yes steve we shall soon find out on the data point. ETFs have pulled back 2.6% putting Centamin on 103p.
Tibbs Sorry but the question and answer isn't a technical bit of rocket science it is very basic will you run out of time because the licence expires mid 2024 yet results of study not likely until same date. This is what Cowichan was concerned about. The answer as I have said is what I expected because it is my experience that this is how the process works.
I asked about time lines and this when he threw in the extra snippet of information, which is again what I have experienced on many of the mines that I have worked with.
Is there any more unrest in Ivory Coast sorry Cote D'Ivoire than other parts of the world? I worked in and travelled regularly to West Africa all of my career and yes had some hairy moments but there are as many opportunities as there are problems.
Look at the mining companies working in West Africa and you will see that it isn't a no go area far from it.
As I have said before West Africa has people with considerable mining experience and feel comfortable with this being an area that Centamin are invested in.
Grades are OK because the strip ratio sounds to be acceptable and the pay back is said to be remarkably quick so I am looking forward to the mid year study details.
Flat or slightly higher than expected.
GP 2172
Hi Dazut,
Considering the unrest and insurgency in the region I wonder Doropo will end up being a wise investment, I did hear that the initial grades weren't anything spacial, but hopefully they will improve.
How many of these analysts are actually involved Ion the shop floor or how often have they visited these operations, they are reliant on what they are told and to be frank the analysts have a past track record of being hopelessly wrong more times than right.
But lets see this time I hope that its my doubts which are proven unfounded!
Tibbs
RSI is 70.6 on the Daily and 67.3 on the weekly.
since we broke £1.01 is the next price target not now around £1.10?
I bought this as it broke the £1.01 and is now technically in an up trend, is this not so?
Ukrainian Foreign Minister Dmytro Kuleba stressed Tuesday in an interview with Sky News Arabia the importance of considering peace in Ukraine at this juncture with Russia.
As per the media posts, Kuleba emphasized that "it is time to think about peace in Ukraine," and highlighted that Russia has the doors open to appearing at the second summit regarding peace that is expected to happen in Switzerland during the summer. He also noted that although voices are demanding that Ukraine make concessions, like what Kiev perceived from Pope Francis's words, the situation on the ground remains "stable" and Ukrainian forces "are repelling Russian attacks."
Regarding the political international landscape, Kuleba mentioned that his government is waiting to see the results of the United States elections "to know [Former Presidente Donald] Trump's true positions."
Baha Breaking News (BBN) / AC
*Inevitably, all conflicts burn themselves out.