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US markets imploding
Hawkish fed :-(
What is interesting ,"The Kingdom'.
Egypt is not a Kingdom is it?
So how does a person from Saudi even if links to EMRA get authority to take Bristow to Sukari, with what came over initially as invited tour.
The story does not ring true too me.
Fair comments Cowichan, I am contacting Centamin regarding your valid points, they should be addressed properly.
Hmm,"Rumour is".
Be interesting to see if that knocks the SP back on it's a**e again ,raises it is ignored.
But then only one item on the docket.
Still a helicoper ride over Sukati might be the whistlestop visit, without an invitation. , then onto a tour of thair concessions.
Not clear is it.
;-)
Hi DASUT
I'm not so sure Barrick's CEO is adverse to visiting Sukari because of logistics or a full schedule.
Rumor is co-summit speaker Al Mulla (EMRA) has indeed invited Mr Bristow to Egypt - Sukari being but one item on the docket.
Not that I approve. Far from it...
https://www.linkedin.com/posts/don-lawson-98619370_barrick-gold-mining-activity-6876285221256388608-JxXf
Cey looks cheap at 88 with gold now settled back above 1800. Decent write up yesterday here too… bought a few but only a trade for me. Previous 5 trades here all gave me a profit so rude not to dip in again.
https://finance.yahoo.com/news/returns-centamin-lon-cey-way-041513511.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cubHNlLmNvLnVrLw&guce_referrer_sig=AQAAAAVS8rqOg4uuPUGgblzXOZLhubf8l6kZXCSh5Z2auEpDUmzOLJkx3ihTKuBUvR1fMq_PGaWhYFejbRxUdIm_XBDt5u2ekqaEBBF-3Dn3Stxhye8sNL3yscOiIdNkjdGob9swuQuFadQzMy_NsBRdpLd98BMvJWXAVLZCIVbAywul
The gold price is looking good today. Let's hope it breaks through the 1832-33 resistance and holds.
Be a few free tickets for Pardey, so he can weave his "magic"...probably pass as tourism, if you get what I mean.
Hoping the deities will be kind on the PDI investors.
best
European stocks were lower in premarket trading on Wednesday as COVID-19 infections continued to surge across the continent as the United Kingdom, Italy and France all reported all-time highs in daily confirmed cases a day earlier. On the data front, investors awaited services PMI figures from Germany and the euro area.
The FTSE fell 0.37% at 8:00 am CET, the CAC 40 was down 0.14% at the same time and the DAX lost 0.35%.
The euro added 0.10% against the dollar to sell for 1.12955 at 7:59 am CET, while the pound traded flat compared to the greenback, going for 1.35330 at the same time.
Baha Breaking the News (BBN) / NP
Happy hump y’al
PRESENTATION TO THE PDAC 2021 POST CONVENTION PROGRAMMING SESSION ON EXPLORATION SUCCESS AND STRATEGY
Gold-Exploration-Trends-PDAC-May-2021
The following presentation looks at the global trends in exploration for gold. It also introduces a number of new metrics (associated with drilling and the number of companies) for assessing exploration performance.
Key observations were:
Exploration expenditures are extremely volatile – with boom/busts of +/-70% not uncommon.
The overall level of exploration spend is mainly driven by changes in the gold price.
The impact of COVID-19 on the level of exploration activity is complex and dynamic. On the negative- side, office closures and travel-restrictions and have made it difficult for geologists and drillers to work on projects in remote areas.
On the positive-side, market uncertainties, coupled with low interest rates has caused the price of gold to go up (from US$1420 in 2019 to $1771/oz in 2020) – thereby encouraging to be more active in the field. The net effect was a modest increase in the World’s overall spending on gold exploration … up from $4639m in 2019 to $4830m in 2020.
It is worth noting that the level of activity varied by Region – with expenditures in 2020 up in Canada (by 4%) and Australia (by 15%) and down in Africa (by -6%) and Latin America (by -15%).
On average around 40-50 significant gold deposits are found in the World each year.
Over the last decade (2010-19) Canada accounted for 12% of all gold discoveries and Australia 15% by number.
In terms of ounces over the last decade a total of 628 Moz of gold was found in the World. Ten of these contained more than 10 Moz each. This includes three Cu-Au deposits, where gold is a by-product.
After adjusting for by-product credits the “average cost per ounce found” rose from $15 in 1980s to $61 in the last decade (all in constant 2020 US Dollars). Part of the reason for the increase was cyclical (associated with higher labour and drilling costs – which have now come back down) and structural (namely the extra cost of exploring under deeper cover and/or in more remote locations).
In terms of “$ spent per discovery”, unit costs unit costs have risen from $41m in the 1980s to $142m in the last decade.
In terms of “metres drilled per discovery” the amount of drilling required rose from 336,000 metres in the 1990s to 551,000 metres in the last decade.
In terms of the “number of holes drilled per discovery”, the amount of drilling required has stayed relatively constant at 6700-6900 holes over the study period (1990 to 2019). The challenge is that the average depth of the hole doubled from 41 metres to 82 metres over this period.
In terms of the number of “gold discoveries made per Company per year” performance in the Western World over the last two decades has declined from 1-chance-in-25 to 1-in-29.
Given that most companies have modest exploration budgets (of ~$3 to 5 m pa) the odds of a given company findi
Indeed! They seem to change from second to second,...but oddly they never go down, esp the military spending budget
cheers
Bruce
The Cricket Test? just how serious can we get, or low can they go?. I am so glad you brought this up. Pre-Covid this would have bought value foreign money into Oz, but now it just gives us more Kudos. Unfortnately I cant see the test going more than 3 days, with the Oz flag flying high at the end!
There is talk about a Test Series against China for the UK team on their return route to bolster spirits. But I think that has been delayed until after Australia's invasion of China or something like that LOL
good luck though, and never leave home without your sense of humour
https://www.youtube.com/watch?v=9ojhtq51Ya8
best
the gnome.
Sorry gnome, I didn't notice that one of your links was the one I posted .
Aussie debt is still only around 45% of GDP ?
Both UK and US are now over 100% of GDP
On a more sobering note the test match starting today ..can it get any worse ?
https://usdebtclock.org/world-debt-clock.html
Not sure how accurate these figures are
NEWS FROM OZ: Already the debt loading at Federal and state levels is all time high, and given the state of some of our exports (apart from Iron Ore), in poor shape. The only consolation is we are not alone. (llok at the debt levels since 2008)
https://australiandebtclock.com.au/
and in the USA, a moving feast
https://www.usdebtclock.org/
US Unfunded liabilities ... about us$163,500,000,000,000 give or take a few trillion
and the UK?
https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance
best
the gnome
Not much tourism in Guiea then.
Looks like the all directors got into a room and sang "for all of us are jolly fine fellows", and ... deserve truck loads of zero priced options. Ludicrous, and shows greed is in and how ridiculous some of the decision making is in the Junior Sector. Stunning board, including S Michael, who was of recent Arrow Minerals fame, which went not very far but down under his rule, but he got an eyewatering $450k pa..even when the company was only worth $3m?
https://au.finance.yahoo.com/news/arrow-minerals-limiteds-asx-amd-031804283.html
PDI are onto a very good discovery but dealing in Guinea? I think corruption is on the curriculum in Primary School. My last trip to Guinea was in 2009, 4 harrowing days, during which there was no question as to how you did business in Guinea, and with whom, I left never to return, and 1 week later the massacre occurred, for which there has not been any justice.
https://www.hrw.org/news/2020/09/28/guinea-stadium-massacre-victims-await-justice
Not to mention justice over the allegations of corruption involving Riotinto's activites in Guinea..which have gone not very far
https://www.wsj.com/articles/u-k-opens-corruption-probe-of-rio-tinto-activities-in-guinea-1500920844
Rio Tinto said in November it had notified authorities in the U.K., U.S. and Australia about its concerns over a $10.5 million payment the company made to a consultant with close ties to Guinean President Alpha Conde while trying to maintain mining rights there in 2011.
IF IT HAD CONCERNS WHY DID IT MAKE THE PAYMENT IN THE FIRST PLACE!
Hopefully CEY does not divert inot Guinea.
the gnome
I wonder if the investors in that company have any real idea about Pardey ,at Centamin.
;-).
Perhaps they should be given a reallity check to welcome him.
If that is possible.
Hope he makes a better job of running things there than the mess he created at Sukari!
Can't beat another bumper pay packet, should take a few years to discover he is pardy ****e.
Wow ,Razors.
They really gave Pardys resume a makeover.
With if not exageration, missing his final traitorous incompetent history at Sukari. Aka truth.
;-)
Cowichan interesting thought but very much doubt Bristow will divert to Sukari as unless things have changed there is no airstrip at Sukari and it is a time consuming exercise. Not sure what he would achieve by visiting Sukari as he is CEO and not hands on operational.
https://www.proactiveinvestors.com.au/companies/amp/news/970304