Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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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
European stocks rose in premarket trading on Tuesday as investors awaited a slew of economic data. Germany is set to report retail sales and unemployment figures later in the day, while the United Kingdom is scheduled to publish manufacturing PMI data and mortgage approvals.
The DAX gained 0.35% at 7:04 am CET, the CAC 40 was up 0.49% and the FTSE 100 climbed 0.67% at the same time.
The euro traded flat against the dollar, selling for 1.12967 at 7:26, while the pound lost 0.12% against the US currency to go for 1.34629 at the same time.
Baha Breaking the News (BBN) / NP
Happy New Year y’al
"the Government of Saudi Arabia confirmed the details of its Future Minerals Summit (FMS) on January 11-13, 2022. The Summit’s themes include a focus on the mineral prospectivity of the Arabian-Nubian Shield (ANS)
Ministry of Industry and Mineral Resources has confirmed that mining-company leaders will include the CEOs of:
- Barrick Gold and Alcoa, Mark Bristow and Roy Harvey, respectively;
- and the chairmen of Ivanhoe Mines and Fortescue Metals, Robert Friedland and Andrew Forrest.
- Numerous other industry leaders will include the CEOs of Trafigura, Komatsu Mining and the International Council on Mining and Metals (ICMM), Jeremy Weir, Jeffrey Dawes and Rohitesh Dhawan.
Full list of attendees here:
https://www.futuremineralssummit.com/
----------------------------------->>>>
Yes MrBond, tis (mostly) unofficial chatter so don't berate me as a speculator, please & thanks
CEY's current EV/EBIDTA is 2.11, when, as of just a few months ago, the wider mining sector was running at an average multiple of nearly 14. Whichever metric is used to measure it, CEY is signalling extremely decent value at these prices. Just to bring it back in line with other (similarly unloved) UK-listed peers running at multiples of ~5, it'd suggest CEY has a huge amount of space to run. It feels only a matter of time before value investors spot and start piling into this.
As Michael Burry said, "Specific, known catalysts are not necessary. Sheer, outrageous value is enough." (but this time we have catalysts too).
Typical analysrs forecast.
They don't answer much .
No timeline for increasd SP,do they think 3 years or months ?
How can they predict earnings or are they getting confused, when profits are the important factor.
All depending on Gold Price.
I am afraid they areJust another rag making up news like an Oracle.
The linked article says:
1) The upside is by their assessment CEY is undervalued by 50.2%
2) The downsides are earnings are forecast to fall by 14.4% a year for the next 3 years and the dividend is not well covered by earnings.
Thanks. The article remarks “ Centamin does have some risks, we noticed 2 warning signs (and 1 which is potentially serious) we think you should know about.”
Can any body put some flesh on this statement as the link does work for me. TIA
Returns At Centamin (LON:CEY) Are On The Way Up
https://finance.yahoo.com/news/returns-centamin-lon-cey-way-041513511.html
Yes, exactly Private Frazer. I do think we will have to bring back Captain Mainwaring as "enlightened dictator", relive Walmington, as democracy is on the nose.
cheers
Goldgnome ,what always amazes me is Cricket.
Mainly played by ex Commonwealth countries, not many others.
They all mostly escaped the UKs conrol ,due to being plundered,of course WWs 1@2 helped them escape ,and the abject poverty iit left th UK population i ,especially outside the Home Counties .
Due to the US and UK Government lend lease accord. Which were paid for by UK Gold. Reserves.
Our "friends and Allies" France refused to part with their Gold to the US. Sensible.
Yet it was Germany got the new factories , with investtment from our "special friends".
Uk ended up buying vintage German machinery,ha ha.
Have things changed ?
Not really.
The Aus Government is no different than UKs.
Help their mates ,then when they get the boot ,they are remebered ,and awarded Directorships.
Thats life.
"We are Doomed, I tell you ,Doomed"
Courtesey of Private Frazer.
Sorry bout that Rant, it was "Tongue in cheek"
To brighten the day ;-)
Hi Rebess, they get away with it because they can !
Take a tip avoid any insurance from More Than underwritten by RSA , I have taken them to the Ombudsman on 4 desperate occasions and although winning each case it is a pain to go through!
I was visiting an elderly neighbor Eunice (8oyears old)who was in hospital and she had her 2004 KA insured fully comp (max no claims) with More Than which was up for renewal.
Eunice had the renewal in her hospital locker and asked me if I would look at it for her , I was shocked the renewal premium was £4500 with £250 excess, she had been paying premiums similar premiums from More Than for over 5 years and it was on auto renew!
I said I would look into it and contacted More Than who had already taken the first Direct payment and wanted to charge a fee to cancel the policy!
Cutting a long story short I got a quite on Go Compare for Eunice with the AA for the same cover less excess (£100) for £375.
I went back to More Than and spoke to their PR dept and after explaining my proposed next course of action they refunded the first months premium and made a good will payment of £1000 to Eunice.
Re Mr Gnomes new year thoughts and observations.
As always Mr Gnome thank you for posting such an interesting and informative update on the state of play in Qz and the world in general!
Best
Tibbs
In Aus
The covid joke of the week: "Want to get a fast test? Play the Poms."
But for the people who had waited in a testing queue for longer than England's second innings, it was no laughing matter.
Australia's skyrocketing property market boom that has seen house prices increase 22 per cent in 12 months.
Australia's 10.7 million homes are now worth $9.3 trillion dollars — or an average of $869,000 each — and that's an increase of $1 trillion in just six months...good work? If only there was a good job around?
Two thirds of the country live in just five cities. There's no other country on Earth where the population is so very concentrated.
Former Treasurer Peter Costello (all the formers are coming out and staing forward looking opinions, when none of what they said before ever turned out) has labelled the Reserve Bank of Australia "irresponsible" for stating it would keep interest rates where they are until 2024....and I will bet they wont be able to do this even in 2022 LOL!
In the USA
Mortgage lenders issued $1.61 trillion in purchase loans in 2021, according to estimates by the Mortgage Bankers Association. That is up slightly from $1.48 trillion in 2020 and above the previous record of $1.51 trillion in 2005.
The mortgage boom reflects a thriving housing market and the corresponding run-up in prices over the past year. Many of the forces that pushed Americans into the housing market in the early months of the pandemic—low interest rates and a desire for bigger homes—continue to drive up prices and mortgage balances. What’s more, many Americans got raises and built up savings during the pandemic, giving them the means to buy.
“All of that extra income goes somewhere, and a lot of it went into housing,” Lots more into equities esp at the big growth stocks, and the cryptos? Great way to re-build an economy?
MASSIVE MIGRATION? Migration from high- to low-tax states—especially those in the Sun Belt—has been going on for well over a decade. But the trend picked up during the pandemic, as Democratic states tended to impose the strictest lockdowns. NY a big loser, and who would really want to live there?
DEBT OF ALL KINDS AMASSING....Why Student Debt (not a small amont and growing by the day?) keeps growing?—Even When Borrowers Keep Paying ??...Some loan payment plans aren’t enough to cover interest, and a punishing tax bill can await years down the line. Lets get educated.
Equality...pass on this ....
thats all, must watch the cricket!
best
the gnome
Forgot to add that aside from the market’s perception of the business, there’s the PM in reserves/treasury. So, expect more robust a stock than others if times get tough.
A billionaire took out a full-page ad in the Wall Street Journal in 2017 warning of the dangers that bitcoin futures posed to capital markets.
These days, the billionaire is well versed in real assett speak. Worth $25 billion, she said it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth in gold, just in case fiat currency goes to “hell.”
Well imagine the above getting reported in the media? But it is what is happening more and more at the top end, behind closed doors. It reflects a growing distrust in fiat, governments and endless economic theories, which have little to do with reality and human behaviour.
Here is the original article without my editing ...
XXXX took out a full-page ad in the Wall Street Journal in 2017 warning of the dangers that bitcoin futures posed to capital markets.
These days, the billionaire is well versed in cryptospeak. Peterffy, worth $25 billion, said it’s prudent to have 2 per cent to 3 per cent of one’s personal wealth in cryptocurrencies, just in case fiat currency goes to “hell.”
He owns some himself, while HIS (conflict of interest here??!!) firm Interactive Brokers Group Inc. recently offered customers the ability to trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash, after detecting “urgency” from its clients to get in on the action.
Peterffy, 77, said Greenwich, Connecticut-based Interactive Brokers will offer the ability to trade another five to 10 coins or so starting this month.
It’s possible that cryptocurrencies could reap extraordinary returns — even if the opposite is also true, Peterffy said.
“I think it can go to zero, and I think it can go to a million dollars,” he said in an interview. “I have no idea.”
IMAGINE WHY ONE WOULD BE ON SOMETHING WHICH HAS A DOWNSIDE RISK OF LOSING THE LOT, WHEN YOU CAN HAVE SOMETHING LIKE GOLD WHICH YOU CERTAINLY WONT LOSE THE LOT.
Aside, There is considerable rumour of the central banks inventing their own crypto, or digital currency, but if they do, what does it solve? They can keep printing their favourite crypto as much as they like, and the same game goes on. Nothing solved?
The real problem is continual economic incompetence displayed by various governments and led well by the US, and the private Fed Reserve (not government, and have different masters to serve, need to keep this in mind).
Going to be a great year for gold. No new discoveries. Head grade of mines steadily decreasing (otherwise supply side will look very dry, and the supply side of gold from mines out 10-20 years is looking very dry!!!)
best
the gnome