Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Russia to cut military action near Kyiv - Putin/zelensky meeting is possible- so the news reports
Still falling....going back to 1800s for gold
Some highlights from the Oz Budget, just shoveled out the door tonight..before the next election is called...probably next week
The global economy: Treasury puts the cost of Russia’s invasion of Ukraine at a staggering $3 trillion, equal to at least the entire Australian economy plus most of New Zealand’s!?
Cyber spies: $9.9 billion over 10 years for the Australian Signals Directorate to create 1900 jobs and expand cyber and intelligence capabilities, in a package called REDSPICE.
NDIS users: Spending on the National Disability Insurance Scheme has increased by $40 billion over the forward estimates and will overtake spending on defence in 2024-25.
Indigenous rangers: $636 million over six years to employ 1089 extra rangers in remote regions where there are limited job opportunities.
Electric car buyers: No incentives for buyers of electric vehicles who will not benefit from the petrol tax cut.
Start-ups: Will be able to offer staff huge incentives and bonuses under a shake-up of employee share schemes.
Koalas: $53 million over five years to support the recovery and conservation of koala habitats.
Disadvantaged young people: $53 million over five years for a pre-employment program to help an estimated 5000 people aged 15 to 24.
Self-funded retirees: $50 million for a one-year extension of the lower rate at which they must draw down on superannuation.
Get a real sense of strategy out of this mess. Well, the government is forecasting we might be getting somewhere close back to budget balance in 10 years time...or something like that. It really doesn't matter how much debt you make up, as long as it is in your currency. Yes, and we have an election to be called any minute...
You do have to believe gold has a very good chance of doing well. The good fall out from our PM's criticism of China has been a halving of the price of local crayfish and abalone (Chinese demand is emargoed), and I have done well !!!
best
the gnome
:)
-0.56% is a fall, not a crash.
Gold is crashing, very surprised this still green. I'm out at 92.2 again
Looks like the PM fall is mainly due to rising bond yields, stronger dollar and interest rate hike bets. These will coil the PM spring tighter. I suspect Russia's gold/oil discount is to drive demand rather than to set a gold valuation.
Thanks halfpenny.
That may explain the drop in Gold price ,last night and this morning.
Not a great precursor to the peace talks as negotiators warned " don't drink or eat anything".
Major indexes in Europe rose in premarket trading on Tuesday as investors awaited the next round of negotiations between Russia and Ukraine. The delegations are set to meet this morning in Istanbul in an effort to work towards reaching a compromise and ending the conflict in Ukraine.
The FTSE 100 climbed 0.51% at 7:17 am CET, the DAX surged 1.06% and the CAC 40 jumped 0.96% at the same time.
The euro and the pound both traded flat against the dollar, going for 1.09810 and 1.30918, respectively, at 7:24 am CET.
Baha Breaking the News (BBN) / NP
Hi Sotolo
I have no idea as to how many of our regular posters here have a Kinesis account. - Other than myself, I'm not aware of any.
I think it's safe to say that Spoonington hasn't. :-)
I recommend caution with Kinesis Sotolo, if you scratch the surface & explore their business model it has some terminal flaws & is essentially a Ponzi scheme hidden behind a veneer of respectability. I also am wary of businesses that set up operations in such reputable jurisdictions as Lichtenstein & the Caymans.
Just my opinion though :)
Thanks Rebess. How many people here hold or trade gold on Kinesis, is it good?
Just announced this afternoon Mr Bond - Might have some interest.
https://kinesis.money/company-news/introducing-business-accounts/
https://www.mining.com/web/gold-dealers-swamped-by-demand-as-war-creates-inflation-scare/
Quite agree Mr Bomd, that said some people need to read the disclaimer at the bottom of media posts and broadcasts.
Sotolo like you I do listen to both sides.
In this ever rapidly changing world, I take much news and opinion with a pinch of salt.
Thank you for you reply.
And thank you Rebess for your advice,.
Physical demand way outstripping physical supply for 2022 and 2023 mark my words.
Mr Bond, if gold rose 100% then our profit wouldn't just double but rise almost 5 fold, the advantage of being a high cost producer just now is a high multiplier up or down, so hopefully our share price too; however I wouldn't follow Mr MaGuire or other gold sellers as in my experience they mostly get it right less than 50% of the time and a monkey with a dart or us together might be better as long as we listen to those who think it will fall as well as rise, We know gold is the most fickle mistress and you can argue for a flight to safety increasing demand, or Russia navigating sanctions and selling loads, increasing sales. Rising inflation raising gold, rising interest rates lowering it etc. In the end it all comes down to sentiment and fashion, and the attractions of competing homes for the world's savings which many of us feel might become less attractive. Finally even if gold doubles and Cey profits sore, it is likely to be in a world where stock markets tumble, investors need liquidity and PE's fall dramatically all of which could affect mining share rises, all imho
Major European stocks traded mostly higher ahead of Monday's session as investors continued to follow developments of the Ukraine crisis.
Over the weekend, EU's foreign affairs chief Josep Borrell asserted the bloc could completely move from using Russian gas within the next two years. Meanwhile, French President Emmanuel Macron reiterated his attitude against the escalation of conflict between the West and Russia.
The DAX gained 0.22%, while the CAC 40 rose 0.28% at 8:08 am CET. On the other hand, the FTSE 100 declined by 0.29% at the same time. The euro fell by 0.29% against the dollar to sell for 1.09510, while the pound slid 0.37% to $1.31325.
Baha Breaking the News (BBN) / ND
Happy Monday y’al
We’re delighted to welcome Perseus Mining Limited for 3rd Egypt International Mining Show - Virtual Connect 2022.
https://www.linkedin.com/posts/egypt-international-mining-show_miningevent-miningindustry-miningexpo-activity-6913726416077398016-nYBi?
Note: Perseus has two operational gold mines in Cote D'Ivoire - and four of its top 10 shareholders are also top ten shareholders of Centamin
Hi Mr Bond
Kinesis: - Presently, it's a bit of a bind transferring funds and bank-to bank involves transferring funds to either an Australian bank or Indenesian. - Once set-up it's fairly simple then to buy your gold/silver in Kau (1 gram of gold)
- Kag ( 1oz of silver)
It might be better to hang-on for a while as a new arrangement involving a visa debit-card allied to banking-rails will be introduced within the next 3 months. - Once in pla,y it'll be a much simpler/quicker. - One additional thing that may interest : they are close to launching their own Kinesis 1oz .9999 silver coin. - It should be a collectors piece. - Hope this helps.
The only other way the US Banks Gold shorfall could be met is by releasing Physical Gold from Government Vaults, thus driving down the assumed security of the $ as a trading currency ,but does not help reduce US debt mountain.
If only half the damage Andrew has mentioned comes to pass ,those Too Big To Fail, Banks could start to default.
Mr T and Rebess , is Kinesis , failsafe , like whose Bank do they use for investment and payment, when there is a need to transfer funds.
Might seem an idiot question ,but I may decide soon the need to use them.
Either way if Gold does jump 100 % Centamin s profits will do the same, excellent for shareholders, as long as your Broker does not fail.