Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Short term for me is 6-12months.
thanks Mr Bond,
Considering the size of Sukari operations and all the other considerations involved regarding coordinating personnel and visitor movements, not to mention security and potential risks associated with the ongoing pandemic and from your explanation it seems a very prudent decision to have a Sukari dedicated visitor, personnel transport co ordinator with the relevant professional experience.
It makes it clear who is the person responsible and that there is a controlled system in place which may help improve operational efficiency.
Short term you can play in the casino....this is share investments
Unless Bitcoin crash badly I doubt the money will flow back to gold in the short term.
Hi Razor's,
Very fair and pertinent points raised in your post which I agree with entirely !
Boohoo has been the subject of a hitherto unheard off media/market attack. Two days ago the share price was off by 10% and within an hour it had recovered to + 5%
How can anyone place a decent amount of money in a company that is bouncing about all over the place.
Prior to the boohoos flotation in 2006 the poweres behind it supplied wholesale clothing to various U.K. retailers including Primark but when boohoo was floated they effectively cut out the retailers they had been supplying.
If you’re investigating thirty Bob you’re sound enough because a small loss is easily forgotten.
I’m happy enough here because Horgan et’al are setting matters straight and the air on gold in the media seems positive for 2022
https://twitter.com/centaminplc/status/1473601812800409602?s=12
Cey at his lowest already now .. nothing can go wrong...
Bohoo goes down badly from 400.. good luck ...
Yes it did but I bought into BOO at 100
Thanks Mr Gnome,
interesting info!
what really make me angry is the when asked why the waste was'nt being cleared the IR gave the reason that the BOD were unaware of the situation.
As Mr Bond highlighted it certainly highlights just how many times ,if any that the BOD had visited Sukari, seems the were dependant upon what Parley reported back!
As for Youssef , just a lazy free loader in the job through nepotism!
Sure hasn't it fallen by 33% this month..
Thank you Mr Bond,
Interesting info for those of us who don't have such experience.
The best decision I made this month was moving the money from here to Boohoo.
The reason I posted last night.
On open pit and undergroun sites ,they work a three shift system over 24 hrs.
That needs a lot of logistics not only at shift changes but also break times .
Sometimes mobile canteens to save losing valuable production time.
Bear in mind also the workers accomododation is at least a mile away, so shift changes are likely bussed in and tired workers shipped out.
The cost of organiseation ,ie transport managers co-ordenation is important.
Probably far less tha Non Exec Directors expenses and far more productive.
These days a Cornish Pasty or Jam Buttie with cold tea as in the bad old days.
Eaten in situ is not acceptale,if you get my point.
Dont forget this also applies to Underground workers as well.
Now also with Capitos extra workers even more complicated.
For me memories of the past.
https://twitter.com/_capitallimited/status/1473551006931644417?s=21
European exchanges were higher in premarket trade on Wednesday ahead of the release of the latest GDP report for the United Kingdom, set to be released before stock markets open throughout the continent. Yesterday, Germany's top disease control and prevention agency said that the interval between original vaccination and a booster dose should be reduced from six to three months.
The DAX increased by 0.29%, London's FTSE 100 was up 0.13%, while the CAC 40 advanced 0.34% at 6:54 am CET.
The euro was down 0.11% compared to the dollar at 7:17 am CET, trading for 1.12704. The British pound was 0.18% lower against the greenback, changing hands for 1.32450 concurrently.
Baha Breaking the News (BBN) / MS
Happy pre Christmas hump y’al
says ALEX BRUMMER
By Alex Brummer for the Daily Mail
21 Dec 2021
There is much more to the Bank of England than setting interest rates. Deep in the bowels of Threadneedle Street sit the gold vaults.
Bullion has been partly displaced by bitcoin and crypto currencies as a store of value for speculators – but for sovereign governments it remains a key reserve asset.
Britain would hold a much stronger asset base now had Gordon Brown not chosen to sell most of Britain’s gold reserves more than two decades ago when the price was at its lowest.
Who owns the gold in the vaults is a closely guarded secret but the Bank is known to have in safe-keeping the reserves of as many as 30 emerging market and advanced nations.
Among those with particularly large piles are the ‘Stans’ – the Asian republics once part of the Soviet Union.
The Bank’s role as a custodian of gold means that over the years it has also held currency assets of foreign powers.
Somehow the Bank, with its rich global (better not mention colonial) history and the UK’s rule of law is seen as a good place to squirrel away assets.
The ruling by the Supreme Court that Venezuela’s disputed leader Nicolas Maduro, who led the oil-rich nation to rack and ruin, should be denied access to £1.4billion of gold stored by the Old Lady provides a rare glimpse into this little-known aspect of the Bank’s work.
When central banks and monetary authorities buy or sell gold, often the Bank simply moves gold bars from one national pile to another, or ships it to Switzerland.
Being a bullion depository is about as far away as you can get from electronic transfers embraced by fintech newcomers such as Wise and the blockchain.
It also occasionally thrusts the Bank of England into the diplomatic spotlight. Most famously, in 1980, the release of reserves held by the Bank on behalf of the Iranian authorities to the late Ayatollah Khomeini’s regime was the final piece in the puzzle which freed US hostages in Tehran.
Secret diplomacy is widely credited with helping secure Ronald Reagan’s victory over Jimmy Carter in the presidential election.
Financial settlements often hold the key to long-standing diplomatic disputes. Currently in the courts is a disputed debt of £400million allegedly owed by Britain to Tehran, dating back to the days of the Shah, for tanks never delivered.
It is seen as the key to the release of detained UK dual nationals such as Nazanin Zaghari-Ratcliffe.
Maybe it will be the next transfer.
https://www.dailymail.co.uk/money/comment/article-10333577/ALEX-BRUMMER-Secrets-Bank-Englands-vaults.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
As Sukari is beccoming Town. Expanding rapidly maybe.
It is neccesary transport manager and more control over movements.
Securty screening and anti virus measures ;-). .
Very tempting don't you think.
Whats it pay. :-) .
Looking to come out of retirement MrBond? We could use some eyes on the ground in Egypt
What does it pay Don ?
No, seriously!
Title: Administration Officer / Travel Coordinator
Job Description
- Travel Requests (send the travel requests & follow flight bookings with travel coordinator).
- Travel requests & site visit approvals.
- Handle onsite & town busses timetable.
- Follow up safety rules to be applied within the department sections.
- Provides the supervisors of the dept. by the required data.
- Update and follow up the contract of limo provider and make sure all drivers and Vehicles are Licensed and same with SGM LV’S and drivers.
https://wuzzuf.net/jobs/p/dBpHoyktjazA-Administration-Officer-Travel-Coordinator-Sukari-Gold-Mines-Red-Sea-Egypt
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And here I thought it was inflation driving up our AISC ;-)
An Inde NED Director in my view would
1. make themselves conversant with the all inhouse key geotechnical, reports as well as reports concerning ore reserves and resources, geomet and exploration
2. make themselves conversant with any expert external opinions on the above
3. note any key concerns and area of possible significant failure which would lead to major commercial impact, in their area of expertise and experience
4. travel to site, to address concerns, including review with key management to ascertain competence and management process and prowess, as well as state of play.
5. major areas of concern would be in effect one of the Inde Directors "KPI watch", an the inde director can insist on being informed at each board meeting about issues related to "KPI watch".
CEY has unfortunate form in the board level especially in the area of NED
https://www.glasslewis.com/musical-chairs-centamin-director-voted-off-board-reappointed-immediately/
The board sets the RISK CULTURE, and determines appetite and assessment of principle risks
There are various committee's and you can see the make up and responsibilities of the committees in the annual report
You can also see on p139 the NED gets GBP65,000 per annum, and an additional GBP10,000 per annum for being a Senior.
https://www.centamin.com/media/2384/centamin-plc-annual-report-2020-web-ready-secured.pdf
The Annual Report is a good read on risk mangement. But great to have process,and lovely narratives, but you mnst make them work 24/7 in a mine.
Geotech failure ranks in with Ore reserve/resource, Exploration and Tailings Dam failures in the geo area,
Many NED’s take on so many NED positions, that they cannot perform their function to any professional standard
Some NED's in companies seem to be there for the tea and biscuits, the photo shoot, and networking.
have a Merry Xmas all, and wishing you a Happy, Healthy, and Lucky New Year
and may the New Year be a great one for Gold! and CEY !!! (the English Cricket team looks like they need more than luck?)
I must add ,times have changed dramatically.
Capitol with a large investment and vast experience are going to protect their Contract and inversion of a large amount of machinery.
So now their is more vigelence.
Never mind her not visiting.
How many of the Board and how often have they visted, both in the past and even now.
It would seem Yousef either through ignorance or blindness was no different. And he was local manger and ,in name, still is.
But that was in the past, I just hope things have changed for the better.
I am pretty sure under this regime it has.