Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The UK government has today (Wednesday 29 June) announced new sanctions, hitting Putin’s inner circle.
Amongst those sanctioned is Vladimir Potanin – Russia’s second richest man and owner of major conglomerate Interros. Potanin continues to amass wealth as he supports Putin’s regime, acquiring Rosbank, and shares in Tinkoff Bank in the period since Russia’s invasion of Ukraine.
Russian imports have dropped over 40% since the invasion and stockpiles of vital imported manufacturing components are likely to be depleted in the next 3 to 6 months.
Car production is also down by 60% and Russia’s own Transport Minister has admitted that Russia’s logistical infrastructure is now “broken” as a result of sanctions.
https://www.gov.uk/government/news/uk-sanctions-russias-second-richest-man
Hi Peaky,
Having held Centamin for over a decade and more through the Arab spring two Egyptian revelations and a legal challenge (still unresolved) by a renegade Egyptian politician over the legality of the Sukari licence and the still in dispute diesel subsidy withdrawal ($20-25 million) the past three years have easily been the most trying to say the least!
Why so, well the all the other difficulties and challenges to the fortunes of Centamin were mainly caused by external and political events, which although frustrating were outside the control the company which can't be blamed for the Egyptian legal system which is a self-perpetuating industry probably two centuries out and run in a similar fashion to the mad hatters tea party!
But this time in my opinion this most dire of all situations in which the company has ever been is a result of professional failure, ineptness, complacency, or even worse deliberate and ongoing deception of shareholders and the market over a number of years!
So slick presentations at mining conferences of yet more what might be some years down the road will no longer impress, Centamin is hobbled, or possibly even totally buggered until there is some credible and definitive proof that things have changed for the better!
Dollar catching a bid as panicked investors seeking safe haven.
My stop loss just sold my holding, its a feeling of relief to be fair... GLA
Major European stock indexes were lower in the premarket session on Friday ahead of inflation data in the eurozone scheduled for release later today, with the negative sentiment fueled by rising inflation and fears of recession across the region.
Investors across the bloc awaited reports on the manufacturing sector PMI from the European Union, Germany, and the United Kingdom respectively.
The DAX dropped 0.20% at 8:00 am CET. London's FTSE 100 plunged by 0.99% at the same time, and the CAC 40 sank 0.53%. Italy's FTSE MIB decreased 0.17% at 8:01 am CET.
The euro fell by 0.17% against the dollar, going to $1.04661 at 7:55 am CET. At the same time, the pound lost 0.34% compared to the greenback, selling at $1.21353.
Baha Breaking News (BBN) / AB
Welcome to Q3 y’al.
With Q2 numbers due on the 20th July should be pivotal for the Cey share price.
Enjoy the weekend.
You will eat your jam...but when we tell you, you can...but that's not today...but it tastes so good
Does that overpaid and arrogant Mark Bristow still trophy hunt African wild life, cant stand the man or his environmental polluting and people exploiting company!
Can't wait, more promises of good times coming, Oh and give us your money!
They should invite Andrew Pardey and former mine manger Youssef to give a lecture on how to spoof share holders for over a decade with promises of unrealistic guidance and how to submerge the operation in so much waste spoil it is near inoperable and on the verge of ruination!
At these conferences the CEO's are usually jockeying for position and so over deliver the slickly presented spoof and rhetoric, but then under deliver on the promised/predicted guidance!
Considering that the Egyptian government claims that things have changed then how come none of the lazy can't be asked officials get a resolution to the in limbo court case ( of over a decade) regarding the Sukari concession and the withdrawn diesel subsidy to the the longest established and only seriously producing mine that is in partnership with EMRA?
Will this conference be yet another talking shop or will it yield some positive outcomes?
Past experience dictates that it will most likely be the former!
How many more times are Centamin going to promise the good timed coming?
For christ sake after over a decade of bullsh*t aren't we share holders not due some real results?
Sick of hearing about millions spent drilling more holes than a Swiss cheese has for no return and £30 million write downs!
just get on and clear Sukari and produce some bloody gold at a respectable cost and start making decent profits!
But lets face it we share holders usually get shafted , will this time be different?
Gap fill tomorrow, buy it of you get a chance
Mike Cinnamond
Senior Vice President, Finance & Chief Financial Officer
https://www.linkedin.com/in/michael-cinnamond-a6256742/?originalSubdomain=ca
So says this:
https://www.linkedin.com/posts/egypt-mining-show_emf-emf2022-egypt-activity-6947907687812608001-nna4?
We're delighted to announce that James Ferguson, Senior Vice President - Tax & Treasury of Barrick Gold Corporation will be speaking at the Egypt Mining Forum 2022.
James will be a part of a panel discussion where he will share insights on the best practices to develop gold mining markets through forward-looking investment and partnership models.
https://www.linkedin.com/posts/egypt-mining-show_emf-emf2022-egypt-activity-6948252487866802176-0uex?
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No word of B2Gold's involvement in Monday's Egypt forum that I can find. Strange B2 isn't talking about their winning several large concessions. One would think promotion and enthusiasm is all part of the process?!
Also, I believe July marks a year since the Egypt concessions were announced - starting the clock on the royalty agreement process which was supposed to be completed within a year. What the heck is the holdup? Will Monday include an announcement on the royalty front?
It bounced off $1803 earlier - let's hope there is support.
If spot hold above 1800$ then that would mark a triple bottom on the technical side....i.e bullish! IF it holds
Has Putin pushed the button or what..?
Buy orders in one filled already lol..
Shopper’s here again.
Granted money printing has given us chronic Inflation but it's the sanctions that have given the West acute hyperinflation with poo double it's non sanctions price.
The Fed is ruling the roost currently with their strategy of supporting the dollar.curbing inflation and stabilising the bond market, but this inflation is not the result of an over-heating economy, it's the result of money printing. As a result using interest rates to control demand is inappropriate, they will strangle the economy. They seem to be saying it's a price worth paying, perhaps they rather like the idea of it so assets can be bought up cheap. Whatever their motivation at some point the real world will intercede and they will have to pivot. Until then it looks like PMs will suffer.
Looks like gold will test $1800 today, silver trending to test $20
I find it a bit over the top to continue to blame previous management for the current managements inability to rectify the situation. At least the previous lot were able to dig a good amount of gold out of the ground & build up a nice big pile of cash which has been very handy - the current lot have done nothing but make empty promises that things will get better.
this market, all markets wont go anywhere until the fed pivots, drops rates and starts QE. dollar will drop and gold will go higher. this wont be for long nor sustainable, it will be short and lead to one of the biggest busts in history. i'm 35% in, rest is out because this is coming one way or another whether markets increase at a point from here or not. mostly commodities and divi payers, next two years is going to be short heaven and then hell
Hi Halfpenny,
As we are all aware the USA economy to the most part is reliant on the FED & Wall Street cartel being able to manipulate market prices with paper contracts and dollar printing, also not forgetting by using military might and CIA tactics !
Shares of Centamin plc (LON:CEY – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 89.87 ($1.10) and traded as low as GBX 81.12 ($1.00). Centamin shares last traded at GBX 81.12 ($1.00), with a volume of 2,764,098 shares trading hands.
https://www.defenseworld.net/2022/06/28/centamin-loncey-stock-price-crosses-below-two-hundred-day-moving-average-of-89-87.html
It's all going belly up this morning it seems, bitcoin sub $20k yet again. Popcorn time..
Inflation will remain whilst the poo is at the levels it's at and raising interest rates will scupper any remaining economy we have obviously inflation won't reverse until the sanctions against Russia are lifted. It's not rocket science.