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You stay well Mr Tibbles and hopefully many more holidays in Conway.
Which I always loved,but much further South.
I suppose you would dispute my opinion of Buchanon, you may be right in that.
As for non execs, I consider them .as disposable , like any Poor Director.
But I am sure they will get the hint, eventually, and move on.
Now soon another fresh year.
Happy Christmas and MERRY NEW YEAR. ;-) to you and all.
Hi Mr Bond,
Agree in the main with your comments, although since his arrival some investors might be surprised just how much Martin Horgan is aware of and also gets discussed at a board level.
As far as Martin Horgan is concerned there is only one way to run Sukari, that's properly!
I would say more but it would be inappropriate on a public message board.
Keep well Mr Bond!
Tibbs
Hi Auson fair enough information, why are you directing this to me.
RazorsEdge,
Around 40 % of the world are not fully vaccinated ? According to CDC 38.4% of Americans not fully vaccinated.
When I consider the sports ground tweet it’s easy to envisage Martin Horgan giving a tour of Sukria and saying, none of this was here whenever I arrived.
Fingers crossed our hopes are realised.
IR or Buchanon, if the latter it will likely go no further.
At this moment in time I think the CEO is making good progress.
The mess he inherited is being dealt with.
Along with future planning, which I suspect most have no clue.
More Prospecting staff being sought. Logistics suitable for a small town , accomodation complex , sports facilties .
All indicative of rapid expansion.
Confidence in the future not only in Sukari as a hub but CEY in ,especially Egytpt , dont you think ?
But of course many may think me wrong.
Thank you for all the input from fellow share holders on NED's & BOD .
So any thoughts on where we go from here ?
It is it worth us all composing a group letter and letter and sending it ti I.R. for the attention of the new CEO, Chairman & BOD querying the worth, suitability , professional competence or even commitment of the present NED's ?
Also how many of the BOD or NED's have ever visited Sukari and when and what were their observations and conclusion's, presumably there should be some written reports?
Hi Tornado,
Thank you for the hope of better times ahead for share holders!
By Denise Grady
Aug. 5, 2019
Safety concerns at a prominent military germ lab have led the government to shut down research involving dangerous microbes like the Ebola virus.
“Research is currently on hold,” the United States Army Medical Research Institute of Infectious Diseases, in Fort Detrick, Md., said in a statement on Friday. The shutdown is likely to last months, Caree Vander Linden, a spokeswoman, said in an interview.
Fort Detrick, in Maryland, has been the epicentre of the US Army’s bioweapons research since the beginning of the Cold War.
https://www.nytimes.com/2019/08/05/health/germs-fort-detrick-biohazard.html
But last month the Centers for Disease Control and Prevention (CDC) – the government’s public health body – stripped the base of its license to handle highly restricted “select agents”, which includes Ebola, smallpox and anthrax.
The unusual move follows an inspection by the CDC at Fort Detrick which found several problems with new procedures used to decontaminate waste water.
https://www.independent.co.uk/news/world/americas/virus-biological-us-army-weapons-fort-
According to its website, USAMRIID has been the US Department of Defense’s lead laboratory for medical biological defense research since 1969. The News-Post reports that the facility has both level 3 and level 4 biosafety labs and has worked on pathogens such as Ebola, Yersinia pestis (plague), and Francisella tularensis (tularemia). Those pathogens are among those considered “select agents and toxins” by the Department of Health and Human Services, which only allows authorized labs to work on them.
detrick-leak-ebola-anthrax-smallpox-ricin-a9042641.html
According to its website, USAMRIID has been the US Department of Defense’s lead laboratory for medical biological defense research since 1969. The News-Post reports that the facility has both level 3 and level 4 biosafety labs and has worked on pathogens such as Ebola, Yersinia pestis (plague), and Francisella tularensis (tularemia). Those pathogens are among those considered “select agents and toxins” by the Department of Health and Human Services, which only allows authorized labs to work on them.
https://www.the-scientist.com/news-opinion/cdc-shuts-down-army-labs-disease-research-66235
The Gold rising support line from 10 June 2019 which is very strong has now reached $1760 per ounce. Gold is on the verge of breaching a significant area of resistance in the chart.
We are going back up. Currently have confirmation that a bottom formation has completed on Centamin in the chart.
As for virus and micro biological weapos resarch in theUS.
Check out Fort Dietrich sudden closeure, whe the virus was found in the US.
If indeed it did close.
All very strange and Top Secret,,ssssh.
It seems the Japs are not happy with the lack of Covid containment at Okinawa Marine Corp base.
On the news this morning,sorry no link.
They are their staunch allies,but I doubt the US will listen.
Which is normal for them.
r1234
What a winning move and now he is the first to complain when the benefts of his last brain wave come home...LOL
Why would not a smart man say why are you doing this research, who benefits, and when the answers are a little vague?....call it right, lets ban it now.
But like so much US IP, it went to China, and now the US complain,when it comes back to them with interest!? LOL
really tests credibility...lost it a long time ago with me ...
who benefits
the gnome
He is controversial for sure but he is a top expert and when he comments I apply my common sense logic.
Take everything Fauci says with a pinch of salt, he has conflict of interest. He is involved in moving the gain of function research to China when it was banned in the USA.
I agree Steve, I can’t wait to read a headline saying that the virus is petering out.
It probably already is.
I listen up when Dr. Fauci speaks.
It’s a serious mess for sure.
Less than delta - about time they listened to South Africa- and now hopefully they’ll realise this isolating healthy people who have tested positive (why the heck they ALWAYS say sick in isolation - I know 2 isolated people and they didn’t even know they were sick until tested) is bonkers in a predominantly vaccinated country. We know that vaccinated people, although less likely, can still get covid and likely to have little or no symptoms- therefore if we keep testing, and covid stays forever, we’ll create a disaster of lockdown for healthy people and no medics, police officers etc at work! Bonkers ….
Asia trading higher on virus hopes…
I think a relief rally is imminent due to the realisation that Omicron although highly contagious isn’t anymore life threatening than the regular Covid19 and all covered by the current vaccinations.
Major European stock markets followed positive sentiment from previous sessions in the United States and Asia, registering gains ahead of Thursday's opening bell despite countries across the bloc reporting a record number of new COVID-19 cases over the past day.
European Union governments decided to tighten some restrictions in response to the Omicron wave, however ruling out national lockdowns for now.
The DAX gained 0.35% at 7:02 am CET, while the CAC 40 increased by 0.42% and the FTSE 100 rose 0.24%.
A minute later, the euro traded flat against the dollar to sell for1.13404, while the pound slipped 0.08% to $1.33528.
Baha Breaking the News (BBN) / ND
One option — and something Hambro advocates — is to try to bring gold into the digital era and make its rather symbolic position as a means of exchange far more explicit. This is, says the industry, something that is already happening in markets in Asia, where gold in digital form is well understood and used.
The other argument that the industry falls back on is that gold has a social role, one that is under-appreciated and that crypto lacks. Much gold mining happens in remote regions of developing countries. The World Gold Council says its members (only a portion of the global sector) employ close to 200,000 people with a further 1.2m jobs through local suppliers; it estimates that more than 60 per cent of the value of gold mined stays in the same country in one form or another.
Recommended
Asset classes of 2021: Bitcoin’s surge leaves gold in the dust
There is some irony in seeking refuge in an area where the mining sector as a whole has long taken flack: its relationship with local communities and its contribution to developing economies, particularly in terms of higher-paid jobs and in-country processing or refining.
The official line is that the industry needs to explain what it does better. Privately, some miners and investors concede that certain practises, such as stability agreements, which lock in tax advantages or trade concessions, or excessive use of expat labour become harder to justify in a world where the industry is being more exactingly judged on its ability to leave a lasting economic and social legacy in the places it operates.
In other words, the response to a crypto-climate-inspired existential crisis in the gold sector could be for miners to do more of what they should have been doing anyway.
https://amp.ft.com/content/83d3dbc9-8d74-4d15-8cee-fe667645968e
A combination of crypto and climate means the industry is left trying to justify its own existence
December 22, 2021 4:00 am by Helen Thomas
In the world of sustainable investing, being dubbed socially useless is a rough result to take.
But that was the challenge laid at the door of the gold sector by one of the world’s best known mining investors. BlackRock’s Evy Hambro suggested this month that the gold industry had to do a better job in justifying the environmental costs of digging the shiny stuff out of the ground, given its limited industrial and technological uses.
Mining copper, nickel, or other battery metals, on the other hand, was an easier case to make, he said, given their crucial role in electrification and decarbonisation.
You wonder where this ESG investing with a side of value judgment might end. Nearly 60 per cent of annual gold demand comes from central banks or other investors; about a third comes from jewellery where, particularly in emerging economies such as India, it is in effect also used as a store of value.
Those mining gem diamonds must be wondering when someone will question if digging holes is worth it for something where an identikit version can be produced in a lab. Why stop at the extractive industries? The luxury goods sector should start thinking about its utility too. All that leather!
But the comments hit a nerve because gold is already in the midst of something of an existential crisis. Once upon a time, gold had a reliable tribe of followers willing to evangelise its role as a defence against ghastly governments and feeble fiat. Now, gold bars are an analogue product in a digital world.
The World Gold Council can justifiably point out that gold and cryptocurrencies are different and can coexist quite happily. Gold has a long and relatively stable history in investment portfolios; it is fundamentally a scarce natural asset but its production and ownership are diverse. No one is suggesting gold investing is a wild west that needs an aggressive, co-ordinated global regulatory response.
The enormous power used in producing cryptocurrencies also means they aren’t obviously the environmentally friendly option: one estimate puts the carbon intensity of bitcoin mining at 15 times that of gold mining. Unlike some other commodities, the vast majority of gold’s emissions come at the mine site, where renewable power plus electric or hydrogen-powered vehicles offer scope for significant reductions.
But still, it’s hard to argue that crypto hasn’t encroached on gold’s place in the zeitgeist, if not in portfolios. As Hambro put it: “Gold companies need to describe their relevance in the future.” The kids aren’t trading gold on their phones in the classrooms. And none of this has been helped by a year where the world went nuts about inflation, and gold traded solidly sideways.
One option — and something Hambro advocates — is to try to bring gold into the digital er
SPOT ON BOB ABOUT NED'S
Very subtle way to win people's confidence and open up on how things really were.
ABSOLUTELY CRITICAL, ..TRUSTING THE CEO IS OFTEN A LITTLE CONFLICT OF INTERESTish, and dereliction of duty (see below)
It would be interesting to know when and at what time CEY non execs visited Sukari!!!!
I THINK THIS IS A DISCLOSURE MATTER..who cares how many board meetings they fell asleep at! did they ENGAGE, DECIDE, BOTHER TO INFORM THEMSELVES, HOW...
...saying he told me so and I believed him is not good enough. Multiple sources, multiple viewpoints...
NED 1. NO SITE VISITS, ATTENDED ALL BOARD MEETINGS, AND DRANK ALL CUPS OF TEA
NED 2. NO SITE VISITS (COVID), ATTENDED ALL BOARD MEETINGS, AND DRANK LESS CUPS OF TEA THAN NED 1
NED 3. NO SITE VISITS, ATTENDED ALL BOARD MEETINGS, AND DRANK COFFEE - TO STAY AWAKE
AND SO ON...
Directors’ Duties (to be informed at all times AND SEEK TO BE PROPERLY INFORMED ...)
• Statutory duty to manage or supervise the management of the business and
affairs of the corporation, including 3 primary duties
o Fiduciary duty of loyalty
? To act honestly and in good faith with a view to the best interests of the
corporation
? Exclusively owed to the corporation
? May also consider the interests of shareholders and other stakeholders
of the corporation
o Duty of care - to exercise the care, diligence and skill that a reasonably
prudent person would exercise in comparable circumstances
? Exercise common sense, practical wisdom and informed judgment that
is commensurate with a director’s knowledge and experience
? Objective component requires the standard of a reasonably prudent
person in comparable circumstances
? “informed” and unconflicted business judgment
? Business judgment based on diligent inquiry and consideration
appropriate to the situation
o Duty of compliance - to act in accordance with governing law and the
articles of the Corporation
Business Judgement Rule
• Directors’ decisions are not to be judged in hindsight
o Measured against the facts as they were understood at the time of the
impugned decision
o Courts reluctant to interfere and to usurp the Board’s function in managing
the business and affairs of the corporation
• Focus on “process” in making decisions
• Interest of the corporation is paramount, but also consider interests of
stakeholders
Decision Making Process
o Use of Internal view and expert assistance
o Mitigate conflicts of interest
• Statutory good faith reliance defence
o Rely on opinions of third party experts (does not include or imply blind belief of the CEO!)
etc...
It is intereting to know how many directors do NOT know what they are legally liable for! nor relevant Corproations and related business law, especially technical people....
BEST THE GNOME
(CARD CARRYING MEMBER OF THE HSOL CLUB - HERETICS, SKEPTICS AND OCCASIONAL LUNATICS CLUB? LOL)
SPOT ON BOB ABOUT NED'S
Very subtle way to win peoples confidence and open up on how things really were.
ABSOLUTELY CRITICAL, ..TRUSTING THE CEO IS OFTEN A LITTLE CONFLICT OF INTERESTish
It would be interesting to know when and at what time CEY non execs visited Sukari!!!!
I THINK THIS IS A DISCLOSUTRE MATTER..who cares how many board meetings they fell asleep at!
NED 1. NO SITE VISITS, ATTENDED ALL BOARD MEETINGS, AND DRANK ALL CUPS OF TEA
NED 2. NO SITE VISITS (COVID), ATTENDED ALL BOARD MEETINGS, AND DRANK LESS CUPS OF TEA THAN NED 1
NED 3. NO SITE VISITS, ATTENDED ALL BOARD MEETINGS, AND DRANK COFFEE - TO STAY AWAKE
AND SO ON...
BEST THE GNOME
(CARD CARRYING MEMBER OF THE HSOL CLUB - HERETICS, SKEPTICS AND OCCASIONAL LUNATICS CLUB? LOL)
The government of the Democratic Republic of Congo (DRC) continues to sit on more than $1bn in profits from the Kibali gold mine due to Barrick and AngloGold Ashanti as the deadline looms for yet another prediction made by Barrick CEO Mark Bristow on when the funds will be repatriated.
The amount due to Barrick and AngloGold Ashanti has doubled from $250m each early in 2020 and is now material to their balance sheets. In Barrick’s case it is equivalent to 10% of the $5bn in cash and cash equivalents the group held at end-September.
In October 2020 Bristow said all that remained to get the money out was the paperwork but commented, “Being Africa, sometimes paperwork takes a little longer than normal
https://www.miningmx.com/top-story/48421-the-drc-government-continues-to-sit-on-1bn-in-profits-due-to-barrick-and-anglogold-ashanti/
------------------------->>>
Again, I'm just glad it ain't us.