Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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TORONTO, May 9, 2022
- Increased rig fleet to 74 rigs with the expansion of the Company's client base in Egypt;
- Drilling underway with 6 Rigs drilling on the newly awarded Centamin underground contract on the Sukari Gold Mine in Egypt
- Generated record revenue of $33.4M & record net income of $6.0M
Tin hat on for the next few days Tibs...if it breaks that 87 support and gold keeps dropping it might be a mess for a few days...my mantra is very, very, very extended buying period...deep breath in, deep breath out
The difference between miscalculation and lunacy is an extremely important distinction to draw.
The portrayal of adversaries as driven by insane compulsions to reckless aggression have been used again and again to block negotiations with those adversaries, and to argue not just for the most militarized U.S. responses, but also for confronting those adversaries everywhere, regardless of the importance of the actual issues involved.
https://responsiblestatecraft.org/2022/05/03/reckless-and-ruthless-yes-but-is-putin-insane-no/
Well still dropping despite Centamin actually producing gold, Marker seems oblivious to that and instead is intent on pricing the company at levels it was before capex was repaid, stage 4 was still uncompleted and profit share was a dream some way off and the Arab spring was in full flow!
So will it drop back to 37p I wonder as in the past when the Sukari concession license was declared not valid, Oh of course that case is still awaiting a ruling and then there is the $25-$30 million diesel subsidy previously part of the original agreement and then withdrawn by the Egyptian government which is still awaiting a ruling
Still don't want to rush things, what#s a decade to a Centamin share holder!
How did NATO survive the changes of the 1960s? Did the Harmel Doctrine reunite it behind a new sense of purpose; or was it merely an exercise in papering over the cracks?
https://www.youtube.com/watch?v=luzAoQUM8Kg
A member of the Human Rights Council, Svetlana Gannushkina, talked about election fraud on Kanal 24 (as replayed on Ukrainian television), declaring that the Crimean vote “discredited Russia more than could be dreamed up by a foreign agent.”
Will the West let Putin get away with it again?
UPDATE: This article has been updated to include a screenshot of a report from the Russian Human Rights Council, and revised to reflect the turnout and voting ranges reflected in that report. The original version of this article only discussed the 15 percent figure cited in Ukrainian media.
https://www.forbes.com/sites/paulroderickgregory/2014/05/05/putins-human-rights-council-accidentally-posts-real-crimean-election-results-only-15-voted-for-annexation/?sh=6cb93502f172
Reporting for TODAY from Moscow, NBC’s Kier Simmons speaks with Russians about the attack on Ukraine and takes a closer look at how it is being received by the public there. While there is mixed reviews, most are not in support of Putin’s attack.https://www.youtube.com/watch?v=ziRI-mJPI_U&t=24s
Crimea was a free and open referendum with a 90 % Pro Russian vote
The invasion of Ukraine is the result of decades of NATO encroachment and 8 years of bombing in the Dombass
Dollar still dominates despite being based on debt and backed by paper!
https://www.bullionvault.com/gold-news/gold-prices-050920222
Monday, 5/09/2022 13:59
GOLD PRICES dropped Monday as further falls in global stock markets saw risk-averse demand for Dollars push the US currency up to 20-year highs on the FX market after speculators continued to reduce their bullish betting on gold for the 3rd week running, writes Atsuko Whitehouse at BullionVault.
Spot gold prices fell 1.3% to $1859 per ounce after recording their 3rd weekly decline, extending the drop to nearly 7% since Federal Reserve Chairman Jerome Powell affirmed in mid-April that a half-point rate hike was on the table for May – a move delivered at last Wednesday's policy meeting, and the first such hike since May 2000.
Oil prices also fell, down more than 2% by lunchtime in London, despite the G7 group of nations agreeing plans to block imports of crude from Russia as part of tighter sanctions over Moscow's invasion of Ukraine.
Latest data show that hedge funds and other leveraged speculators in Comex gold futures and options cut their bullish betting for the 3rd week running in the week-ending 3rd May and increased their bearish betting.
Overall, the data collected and published by US regulator the Commodities Futures Trading Commission (CFTC) say that pushed the net long position of Managed Money traders to the smallest in over 3 months. The net bullish positions shrunk 43% in the last 3 weeks.
https://twitter.com/centaminplc/status/1523659649773355008?s=21&t=Uol5ODEjg2cybgZtwu1b0w
A Full Fact campaign for honesty in politics
As our elected representatives, MPs owe us the truth. And yet, we have a political system that operates as if honesty doesn’t matter.
There is a formal process for correcting the official record in Parliament. Most MPs aren’t allowed to use it. Even if they wanted to, they wouldn’t be able to put right their false or misleading claims.
And those who can correct themselves? Government ministers, our most powerful elected representatives, too often choose not to.
When our politicians don’t correct their mistakes, everybody loses. The public’s trust is undermined and bad information can spread further, with consequences that affect all of us.
MPs were chosen to lead, not mislead us. A functioning democracy depends on good information. We need your help to make sure that MPs finally give us the truth, and own up when they get their facts wrong.
MPs need to agree new rules for Parliament that make it easy to correct mistakes—and sanction those who don’t.
Will you add your name to ensure that your MP stands up for honesty?
https://fullfact.org/
Nobody should be surprised that the man who called the unraveling of the Soviet Union “the greatest geopolitical tragedy of the 20th century” has been trying to reverse history. He took the first step in Crimea in 2014, and in the early morning hours of 24 February he ordered a large-scale invasion of Ukraine.
https://spectrum.ieee.org/russia-ukraine-fossil-fuels
https://www.rferl.org/a/ukraine-discovers-oil-field/25044815.html
Ukraine’s state gas and oil company Naftohaz has reported discovering a sizeable oil field on the country’s territory.
Nafothaz said late July 11 that the discovery was one of the largest oil fields found in Ukraine in some 15 years.
Naftohaz believes the Budishchansko-Chutovskoyefield in eastern Ukraine’s Poltava region, contains some 12.8 million tons of oil.
Naftohaz has been working the site since 2011 and the company's public relations department said it was the first oil field owned solely by the Ukrainian company.
Ukraine’s government is attempting to wean the country off its dependence on Russian energy supplies. Kyiv has placed a priority on developing the country's own energy resources and diversifying sources for importing energy supplies.
The Forgotten Potential of Ukraine’s Energy Reserves
10.Oct.2020
https://hir.harvard.edu/ukraine-energy-reserves/
Well fancy that, the “hero” who encourages untrained civilians to pick up sub-standard weapons & fight trained soldiers whilst sitting comfortably in his presidential palace also may like to stick his snout in the trough :)
I wonder if there is a bigger picture and they are worried about declining birth rates in the west? The ponzi scheme only works if the bottom of the pyramid is getting bigger
Hi Mr Gnome.
Hard to believe that in the 21st century the USA can ban women from having an abortion on the grounds that all life is sacred and to kill is a sin and yet the same politicians won't ban the sale of firearms!
Rather a contradiction!
Hi Cowichan,
Based on your published evidence a very fair questions, be interested to hear the arguments from both sides of the table!
Major stock indexes in Europe traded lower in the premarket session on Monday as shareholders closely monitor developments of the Ukrainian crisis.
Earlier, the United Kingdom and the United States have imposed more sanctions against Russia over the weekend, expanding the list of measures further, while Canadian Prime Minister Justin Trudeau promised to supply Kiev with more weapons during his visit to the country.
The DAX fell by 0.98% at 7:03 am CET. London's FTSE 100 and The CAC 40 decreased by 0.41% and 0.87% at the same time.
The euro was 0.40% lower against the dollar selling at $1.05084 at 7:05 am CET, while the pound traded at 0.56% lower against the greenback going for $1.22774 a minute later.
Baha Breaking the News (BBN) / AB
Happy Monday y’al
I would favor the likes of the Maasai, over those of the likes of Bristow and the gun blazing mates.
I have been interested in the long term effects of the closing of the commons in England. https://www.parliament.uk/about/living-heritage/transformingsociety/towncountry/landscape/overview/enclosingland/
On one side greater productivity from the land, to support greater populations.
On the other hand, it did force the common people to migrate to the industrial cities and become the fodder for the Industrialization of the many and profit of a few. Living in such squalor (Charles Dickens said it well), with few ways to sustain oneself, did lead to an outbreak (endemic?) of crimes, which in turn led to the exportation of the (excess of) common people (convicts) to Australia.
Interesting to note that with the exports of convicts came the export of the enclosure laws, which meant the local aboriginals lost their access to "their commons", which came as somewhat of a shock with liberal doses of disbelief and misunderstandings which echo to this day, to many fine legal firms advantage/s.
Quite a racket
But of many ...
the gnome
The US might have to keep a lot of its arms to counter the civil war/s erupting in the USA. Here is one of the opening skirmishes which you won't see on the news
https://www.youtube.com/watch?v=Lc6ZN_Za2KY
Good luck US, what you export will come back to you
Agree Cowichan
Unless they have a policy of the Directors not being able to buy shares in CEY, LOL
the gnome
Lots of arms sales in play in Ukraine. - Usually big commissions attached.
https://www.occrp.org/en/the-pandora-papers/pandora-papers-reveal-offshore-holdings-of-ukrainian-president-and-his-inner-circle
Is Market Cap A Good Measure Of A Mining Company's Success?
Many investors would say yes - but what happens when one compares a #mining company CEO's remuneration to their company's market capitalization as a performance metric?
Franco-Nevada Corporation CEO Paul Brink made $4.76M last year while his company's market cap (MC) is $37 Billion CND — divide market cap by CEO pay = 7,773 times his salary
First Quantum Minerals CEO Pascall $6.65M, MC $22.7B = 3,413x
Wheaton Precious Metals Smallwood $6.33M , MC $25.8B = 4,075x
Barrick Gold Corporation CEO Bristow $18.15M , MC $ 51B = 2,809x
Agnico Eagle Mines Limited CEO Boyd $15.69M , MC $34B = 2,179x
Teck Resources Limited CEO Lindsay $13.21M , MC $31B = 2,348x
Cameco Corporation CEO Gitzel $6.68M , MC $12B = 1,796x
Endeavour Mining CEO Montessus $5.38M , MC $8B = 1,486x
Yamana Gold Inc. CEO Racine $ 5.4M , MC $6.7B = 1,240x
Kinross Gold Corporation CEO Rollinson $8.86M , MC $ 8.3B = 936x
B2Gold Corp. CEO Johnson $ 8 M , MC $6B = 750x
Centamin PLC CEO Horgan $ 2.5M , MC $1.7B = 680x
Obviously the HIGHER the multiple — the bigger bang for the buck, so to speak. Of course this metric doesn't take into account the varied responsibilities of a CEO , i.e. how many active mines and/or development projects they oversee. For #Barrick's CEO it's dozens & dozens, for the others at least a handful — the glaring exception being #Centamin having but one mine in #Egypt. But it's not like Centamin's CEO remuneration is too high by industry norms, rather their market cap is historically low. Perhaps there's never been a better time for Centamin's board to support its battered valuation with an active share buyback program - before one of the leaders on the #gold mining scoreboard do it for them.
They are killing our planet so much for Cop 26!
On February 13, 2022, over 700 Maasai gathered in Oloirobi village to pray and protest against the impending eviction from their ancestral lands within the Ngorongoro Conservation Area (NCA).
The gathering followed a week of debate in the Tanzanian Parliament, which signaled willingness to enact drastic legal changes to undermine land rights and evict Maasai from the NCA.
As Tanzanian Parliament discussed the use of the military to forcibly evict those Maasai unwilling to leave, the Tanzania Civil Aviation Authority grounded the Arusha Archdiocese Flying Medical Service, severing vital medical services to the most vulnerable.
Despite these concerning developments, the Maasai remain steadfast in their struggle to defend their ancestral land and are backed by increasing international solidarity.
While neither party has responded to these demands, the continued spotlight has helped catalyze global awareness of this urgent situation. On February 12, 2022 Avaaz launched a new petition(link is external), which has already gathered over 2.2 million signatures. As the Tanzanian Prime Minister is reportedly scheduled to visit the NCA this week, continued international solidarity is vital to supporting the Maasai.
The Oakland Institute remains committed to amplifying the voices of our Indigenous partners in Tanzania and will continue to provide updates as the situation further develops.
https://www.oaklandinstitute.org/maasai-rising-resist-eviction-plans-ngorongoro-conservation-area
Media Contact:
Anuradha Mittal, amittal@oaklandinstitute.org +1 510-469-5228
• Indigenous peoples defend Earth's biodiversity -- but they're in danger (National Geographic)
• Ecuador gives Indigenous people -- and nature -- a big win (Open Democracy)
This happens so that stinkers like Mark Bristow can carry on trophy hunting and Barrick and other big companies carry on polluting the environment & being complicit in the hiring thugs to intimidate local indigenous people!
At least as far aware are aware Centmin appears to have an environmental conscience and it treats local communities with respect!
"Time Magazine"
President Zalensky is recognised as a true leader !
https://time.com/6171277/volodymyr-zelensky-interview-ukraine-war/
Russia-Ukraine war
Analysis, reports and reaction to Russia's military assault on Ukraine
https://www.bbc.co.uk/programmes/p0bqz7j7
Will events in Ukraine derail the green energy transition countries signed up to at COP26 just six months ago?
Some African countries would like to step in as Europe scrambles for alternative sources of energy. But much of the energy they'd provide is carbon based. So, are these just short term setbacks that could be overshadowed by a longer term move away from cheap Russian energy
https://www.bbc.co.uk/sounds/play/w3ct33nt