Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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And my £764 has landed! (II)
I can afford life's essentials! To Wetherspoon!
Dow futures heading down over 500pts just now could provide a buying opportunity not to be missed here this afternoon. Economy into reverse now making it harder to correct inflation by raising rates too aggressively will be on the minds of policy makers the world over. When this is accepted as the new norm then pog will fly. Of course I recall some previous posters here spouting that inflation was bad for gold one has to laugh. There's only one true holder of value in these times of turmoil, not property, not money, certainly not crypto, it's GOLD.
Dunce's corner for you sj999 doesn't mean going to zero :-
By definition, capitulation means to surrender or give up. In financial circles, this term is used to indicate the point in time when investors have decided to give up on trying to recapture lost gains as a result of falling stock prices.
“The history of the London Gold Fixing is a history of gold price intervention and manipulation“
This month in London marks the 100th anniversary of the first “London Gold Fixing”, the infamous daily meeting of a secretive cartel of bullion banks which has met since 1919 to set benchmark gold prices used throughout the international gold market, a meeting which continues to this day through its thinly disguised successor, the LBMA auction.
London gold price benchmarks are critically important to the global gold market because they are used as a valuation source for everything from ISDA gold interest rate swap contracts to gold-backed Exchange Traded Funds (ETFs), and everything from OTC gold contracts to transaction reference prices used by physical bullion dealers when purchasing gold bars and gold coins from refineries and suppliers.
https://www.bullionstar.com/blogs/ronan-manly/rothschild-emerges-from-the-shadows-for-the-centenary-of-the-london-gold-fixing/
Hi Cowichan,
Possibly Centamin will be using the past decade at Sukari as an example what happens when the senior management fail to put in place the appropriate and fit for purpose waste ore disposal methods,
Or how for over a decade to deny the truth and instead and feed regular doses of baloney and pie in the sky guidance predictions to share holders to keep them on the hook ,instead of honest,accurate and promised updates!
Possibly also a tutorial on how when a crack in the pit wall exposes the Sukari sham how to deny all knowledge of what was going for a decade and claim its time for a turnaround and then award the BOD lots of bonus shares despite delivering nothing then more promises of good times coming!
Hardly Halfpenny-I suggest you need to! It means surrender so end of the line- that is a price of zero so it no longer exists- go back to school.
looking at gold plays today, but why gold price down $15?
sj999 incorrect definition of capitulation, not terra luna but means to give in, back to school for you lol.
Cowichan
You play to the cards dealt. Steve P has not got infintie monies to invest, so he plays to his strength. Fast mover, obtaining good grond, and doing the low cost drill target definition. Define lots of high quality targets, advertise and get others to pay for "shots on goals". More shots, the luckier you can be, greater chance of success.
M Horgan is playing a necessities game, he has to explore within the life of mine volume (radius=trucking distance, and depth =depth of commercial mining) around the mine infrastructure. At this stage lots of well meaning waffle which has been going on too long in my humble view, and well paid staff, but nothing produced.
Compelling targets in front of investors...NO
Compelling new drill results..NO
So my money is with the Steve P/Altus plan, and so calling him a ding-a-ling is probably not the best description. Pull your finger out Horgan is my advice, and perfrom and stop waffling.
There is more to it than what I am saying, but lets leave it at that, time is short.
Petrol GBP2.50/liter of USD5/gallon!? Now thats great management isn't it?
In Australia, despite our having huge resources of gas and producing [Australia produces 2,384,327.54 million cubic feet (MMcf) of natural gas per year (as of 2015) ranking 16th in the world] heaps , we have none for domestic consumption, and so the new warning is that winter is going to get a lot colder?! Truly pathetic management by a yet another third rate government in a first class land.
And we have councils now starting to talk about a new tax on land which is not covered by at least 25% trees?! Not sure how the wheat farmers are going to react? High rise apartment owners etc etc/ Just another airey moment, and we have more than most it seems, although there is stiff competition...!!??
good luck all, we will certainly need it
The Gold Gnome
I was shocked and suspicious when M Horgan publicly touted that Centamin was fast becoming the most attractive chick at the party (or words to that affect)
Provided Centamin don’t miss production targets our low share price days are surely numbered.
Major European stock market indexes traded lower in the premarket session on Monday, with DAX plunging over 200 points as investors await the latest data reports. United Kingdom's Gross Domestic Product (GDP) report for April will be released today, along with the GDP estimate for the month of May. UK trade balance figures will be published this morning, together with the UK manufacturing production data and industrial production report.
DAX declined 1.53% at 7:09 am CET, while CAC 40 tumbled 1.61% at the same time. FTSE 100 decreased 0.59% at 7:09 am CET.
The euro traded 0.22% lower against the dollar, selling for 1.04936 at 7:23 am CET, while the pound dropped 0.17% against the greenback, to sell for 1.22946 at the same time.
Baha Breaking News (BBN) / TB
Happy Monday y’al
Thursday, 9 June 2022
Altus Strategies plans to accelerate its gold exploration strategy in Egypt while considering partnerships to take discoveries towards production, CEO Steven Poulton tells The Africa Report.
Large gold discoveries are on the cards in the next five to ten years in Egypt, Poulton says. Egypt is “the best frontier on the planet for gold exploration.”
Altus is quoted on the London Stock Exchange’s AIM market and Canada’s TSX Venture Exchange. Its strategy focuses on exploration, and Poulton prefers to leave production to partners. Companies which try to do both don’t tend to have the best results, he says.
“Our philosophy is to cover as much ground as possible as quickly as possible. We’d like to make 10 Sukari-type discoveries, not just one.”
https://www.theafricareport.com/211790/egypt-altus-strategies-aims-to-accelerate-gold-exploration-ceo-says/
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For what it's worth I prefer Mr Horgan's no BS approach to communicating expectations - this Mr Poulton sounds like a ding-a-ling by mentioning his goal of making ten Sukari like discoveries as quickly as possible - but I suppose that's why Sawiris approved him - to each his own !
All international and Egyptian mining companies will participate in the forum, the most important of which are the Canadian Centamin - Barrick - B2Gold companies, Akh Gold, Nubia Mines, Hamash, Shalateen, the Mineral Resources Authority, Aton, SMW, Red Sea, Inc, Iqat,
https://elbarima.com/%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D9%85%D9%86%D8%AA%D8%AF%D9%89-%D8%A7%D9%84%D8%AA%D8%B9%D8%AF%D9%8A%D9%86-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A-%D9%81%D9%89-%D9%85%D8%B5%D8%B1-%D9%8A/
Terra Luna was/is capitulation- you need to avoid hyperbole ...
Lol- I check bitcoin when I read this capitulation and was expecting at best 2,700usd- surprised to see it 10x this- hardly what I call capitulation!
Bitcoin nears capitulation point, just above it's price for mining currently around $2000 above it's $25,500 per bitcoin to mine atm.
Well, inflation now moving into double figures in the US, and we are away to the races that were predicted a long time ago, but somehow not predicted by the Federal Reserve?
https://www.reddit.com/r/Wallstreetsilver/comments/va0xp6/this_is_the_most_legendary_speech_of_our_time/
NOW AN UPDATE: It’s a fallacy to keep GOLD prices low to show the economy is doing alright, says Dr. Ron Paul, former U.S. Congressman and Host of The Ron Paul Liberty Report.
He surveys the U.S. economic landscape and asserts that, "the depreciation of money [U.S. dollars] is ongoing, and it's not going to stop." [THIS GOES FOR ANY OTHER CURRENCY, AND SOME WOULD ARGUE ITS THE PRICE WE PAY FOR THE CONVENIENCE OF HAVING A CURRENCY?]
Dr. Paul: that "transitory" price inflation is playing havoc with the economy, where some Americans are feeling the effects of this much more than others. "The transfer of wealth from one group to another we are witnessing," stems from the Federal Reserve, where he says it's time to, "get rid of the Fed."
Dr. Paul encourages the flourishment within the crypto and GOLD communities concluding that, "liberty is the most valuable asset that we can strive for."
https://www.youtube.com/watch?v=dtQcEk8ZeWQ
ASIDE: WHEN I WORKED IN ZIMBABWE, WE USED TO HAVE TO PAY THE WORKERS BEFORE THEY WOKED AT THE START OF EVERY DAY (NOT WEEK OR MONTH!). ON PAYMENT THE RECIPIENT WOULD GIVE THE MONEY TO THEIR PARTNER/WIFE, AND THE PARTNER/WIFE WOULD MAKE A DASH WITH THE CASH TO THE GROCERY STORE. IF SHE DELAYED THE VALUE OF THE CASH WENT DOWN SIGNIFICANTLY, END OF THE DAY...
FOOTNOTE: The peak month of hyperinflation occurred in mid-November 2008 with a rate estimated at 79,600,000,000% per month, with the year-over-year inflation rate reaching an astounding 89.7 sextillion percent.
LESSON: DON'T GET CAUGHT HOLDING THE CASH, AS THE END OF THE DAY IT WILL BE WORTH LESS THAN AT THE START.
The Gold Gnome
Dammit. I was rellying on it for this weekend's booze!
Recd an email reply from ii stating that my account will be credited 2 working says after the dividend payment date. I'll be checking my acct next Tuesday 14th! LOL
Sotolo,,
I can assume you don't know Andrew, he walked out of of a highly paid senior city position p because his personal ethical beliefs were in conflict with what he was expected to do and the detrimental effects such trading and price manipulations caused to the worlds poor people who are dependant for their living on working in mining.
Several very senior US regulators have supported him and in each case they had pressure put from on them and were retired, or moved to positions where they were no longer a threat to the market manipulation.
Thanks Deepjoy, heading off to Crete next week, first flights in 2 years airlines willing, planning to reinvest £18k divi back in Cey when it arrives, as said I think it is not as bad as many think and should begin to rise - tho not sure why that thought merits my holiday but thank you!
I’m so lucky to get this opportunity to meet such a wonderful Lady Dr Catharine Farrow
https://www.linkedin.com/posts/menna-helmy-2935b0122_centamin-miningindustry-goldmining-activity-6940975993687793665-mTxr?
----------------------------->>>
Very glad to see some Director's boots on the ground in Egypt ! Read the comments, sounds like Martin was there, too (posted 14h ago)
Sotolo .. you need a holiday mate :)
As Keynes said, in the long run we are all dead, and in the long run Andrew Maguire has to be right, or at least there has to be a universe in which he is, for say anything often enough and it has to once be true, so one day he will be right and gold will soar, tho so far over the last few thousand years it has broadly tracked inflation as, with its advance rise over the last 5 years in the world of super low interest rates, it continues to. If inflation catches up with the rise in gold, which seems likely soon, we should see a gold rise, if not of the sort the salesman MaGuire tries to suck us in with. Have a jolly weekend and a final thought, for many years many here thought Cey brilliant, now many write it is awful, well imho it is neither as good as you thought when you panned me for saying the price should fall, nor as bad as you think now, so just as many write it is an awful share I do believe that it shall begin to rise….I would buy more, and will when I get the whopping divi
I really hope you gentlemen see this moving to >£1 pronto. Unfortunately I threw in the towel circa106p . . . had to apply cash resource to better advantage and now hold one Au stock only.
But I'll be back.