Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
... changing nature of the Australian investor base; index and quant funds now account for 33 per cent of the market, up from about 17 per cent a decade ago, while the number of super funds with internal equities teams has risen from 1 per cent to 5 per cent.... ahha
This is the last paragraph on page “16”
Perhaps this is what Camb0 is referring to:
“ Centamin has a very active growth pipeline of opportunities . Today we find ourselves in a strong position , looking back and learning from our ten - year production track record , in which to optimally position ourselves to deliver sustainable returns for at least the next 15 years , as underpinned by our current gold reserve and resource . At present , as caretakers and custodians , our immediate focus is to navigate the current risks associated with the COVID - 19 pandemic and delivering our strategy in 2020. We will update shareholders with detailed medium - term forecasts for 2021 and beyond later in the year , in conjunction with the completion of the life of asset review.”
We are actively looking at initiatives to reduce our environmental impact & operate more sustainably, including reducing emissions from our diesel-fuelled fleet. Paydirt article outlines three initiatives contributing to our sustainability goals, p38
https://twitter.com/_capitallimited/status/1468042007159312385?s=21
Once a stock is in an index, it can quickly become dominant. Tesla was only added to the S&P in December 2020 even though its market capitalisation had already reached $US500 billion (now $US1100 billion, or $A1525 billion). With the IPO of Rivian this month, pure electric motor vehicles companies make up 40 per cent of the auto sectors market cap while only delivering 2 per cent of all vehicles.
Indices follow such dramatic data that it makes little sense to most analysing a stock.
The three Rs of 2021 – rotation in global markets from growth stocks to cyclical value plays, reflation and recovery – have given way to a different picture dominated by three Is – inflation, interest rates and infection.
Like to pick a winner? winning ETF?
the gnome.
Questions, excuse keyboard.
Or myself.
E@OE.
Quetind please . :-)
Hi Cowichan,
I sought the advice of a mining analyst , see below
>> Drilling continued at Quartz Ridge with results confirming continuity of an east-west trending mineralised structure approximately 1.5 km east of the Sukari process plant.
1.5 km away from the process plant is probably less of a haulage as much of the ore now being send to the process plant.
However, six intercepts is very early days. They are also not that impressive, generally narrow intersections, but at shallow levels.
Let’s see what the follow-up drilling shows.
No-one has been unfair to Sami,
Sami discovered a reserve Sukari, that is acknowledged.
The reality is though no matter how good the reserve though it would have never been turned into a gold producing mine without the investment of shareholders, the mine has cost around $1.9 billion dollars to develop!
Sami and his El Raghy family have been more than amply rewarded with bonus free shares and dividends.
Josef & Youssef have done very nicely by selling shares at advantageous times, possibly just by coincidence before events at Sukari caused a share price collapse!
Youssef El Raghy a former Egyptian police captain and despite having no professional mining qualifications and no previous experience was appointed general manager of Sukari, why?
You may recall the hitting of unexpected low grades in 2016 , some of which were a direct result of the the previous managements short comings and failures to manage the Sukari mine operations properly resulting in number of guidance cuts and a near major catastrophe of a pit wall collapse, which if it had taken place would have rendered Sukari to junk pit status for number of years!
So whilst no one is disputing what Sami achieved in the past, it seems reasonable to conclude that share holders owe him no debt now, on the contrary after recent events quite the reverse would seem to be the case!
Many Thanks Goldnome. looks like that should tide over my bedtime reading for the foreseeable.
in 2021, the global macroeconomic environment changed, but the investment environment did not. This parting of the ways (posted on this previously) has two possible explanations:
Option #1: Markets have not responded to the surge in inflation because it is transitory in nature. Soon, inflation will roll over and the macro environment will return to what prevailed for most of the past decade; namely, low growth and low inflation. In short, the market is looking through today’s “inflation head fake”.
Option #2: For financial markets, the macro environment matters to the extent that fiscal or monetary policies are impacted. And, as it turns out, although inflation did accelerate in 2021, the policy setting in most OECD countries stayed the same: fiscal policies remained stimulative and were funded by extremely expansionary monetary policies. Hence markets were able to brush off any changes in the broader macro environment.
With the “transitory” nature of inflation getting extended, it seems to many at least that the second explanation is the most persuasive. Hence, the next question is whether 2022 delivers more of the same from Western policymakers, and thus a further divergence between the macro environment and the investment environment.
The next question is: will policymakers want to, at least, be seen trying to put the inflation genie back in its bottle? Looking ahead to 2022, three possible scenarios stand out as possible:
Scenario #1. Inflation rolls over, resulting in a synchronization of the macro environment and the investment environment. Given the continued rise in energy prices and rents, this outcome, for now, seems unlikely. Still, in such a scenario, bonds should do well and US growth stocks would continue to scale new heights.
Scenario #2. Inflation stays high and Western policymakers move against inflation with a sharp tightening of both monetary and fiscal policies. Such a scenario would likely trigger sell-offs in most asset classes, but especially in more richly-valued market segments.
Scenario #3. Inflation remains high, but fiscal and monetary policies are kept loose. In such an environment, bonds would likely prove to be very poor investments. Value stocks would probably outperform growth plays and emerging markets (where fiscal and monetary policies are already being tightened) would likely outperform US equities.
Of these three options, the latter seems to have the highest odds. The Fed may plan to speed up its asset purchase taper but it is likely to remain behind the curve in its overall settings. Moreover, the emergence of the omicron Covid variant is only likely to reinforce the willingness of Western central banks to ultimately sit on their hands, and goodness only knows what the pollies will do?
the joys of uncertainty
the gnome
The rules of thumb (ROT) for profitable thin vein underground mining are
1. about a grade above 5-6 gpt Au.
2. > 1,000 ounces per vertical meter
3. continuity
but an interesting book about mining is at the below link which has a host of ROT's and info
https://www.stantec.com/content/dam/stantec/files/PDFAssets/2014/Hard%20Rock%20Miner%27s%20Handbook%20Edition%205_3.pdf
Some other simple rules of thumb for mining
https://minewiki.engineering.queensu.ca/mediawiki/index.php/Estimation_of_the_potential_production_rate
“The grand aim of all science is to cover the greatest number of empirical facts by logical deduction from the smallest
number of hypotheses or axioms. Most of the fundamental ideas of science are essentially simple, and may, as a
rule, be expressed in a language comprehensible to everyone.”
Albert Einstein
Lets see what gets talked about Dec 8, and how simple the messaging is
best
the gnome
companies also abuse AISC as it allows management to hide incompetence.
https://www.kitco.com/ind/fulp/2015-02-04-The-Real-Cost-of-Mining-Gold.htmled in an article in kitco.com “The Real Cost of Mining”:
You guys are unfair to Sami, he created huge wealth
I'd never heard of Quartz ridge until you pulled this up Cowichan.
It absolutely boggles the mind that in a location so close to Sukari and thus extraction costs could be mitigated in comparison to a completely new mine, that grades of 21.4g/t and 16.4g/t (the former from a relatively short drill and well on its way to 'bonanza grade') that these locations have just been put on the back burner.
I have ZERO expertise in how an underground mine's cost expenditure works in regards to extracting non profit producing material, and over what timescale it takes to move x/meters forwards, but I can't imagine with grades like the above that it would be unprofitable to extend the underground section of Sukari to this area?
Come on Miizolgit, it doesn't do any harm to remind us longer term members of the geological structure of Sukari that they may well have forgotten and it also educates some of the newer holders.
Also this may relevant considering the latests resource evaluation being carried out.
But in any case its always good to hear from you!
Energy is one of the interesting issues to keep an eye on. I think CEY is positioning itself in the right direction, so will be very keen to watch how it goes. Being in the right quadrant in ESG world maybe quiet important in the years to come.
The western governments are almost laughable at their attempts at developing a sound strategic energy policy and action lines. Nucear is the very obvious energy source they ignore, because of the bleating of the Chardonnay class and their own ignorance.
A history student would advise the ignorant governments that many, if not all, of the great empires were built on cheap forms of energy...Rome, British, USA .... Conversely, many have sunk below the waves due to lack of energy ....
Lookig forward to the 8th December revelations...
best
the gnome
Fair comments Mr Gnome!
Cowichan
I think as an investor I/you should always be an aggressive advocate of better management and a better board. Everyone is replaceable. Everyone can improve. No one is perfect. Deities are not surprisingly few. CEY Board is far from perfect, and management is on the mend.
Board and Mngt is launching from a low base, and it certainly is not hard to improve significantly, which can lead to complacency in itself. They should not pat themselves on the back, they have a job to do and are being paid very well to do the job!
Get on with it, quickly and surely and earn you $ is the message
Best
The gnome
Equities in Europe traded higher in the premarket session on Friday, as investors waited for the latest bout of economic data reports.
Meanwhile, countries are bracing themselves for the holiday season, as they try and contain the Omicron coronavirus variant from spreading further,
The DAX traded 0.64% in the green at 7:34 am CET, while the FTSE 100 increased 0.63%. At the same time, the CAC 40 gained 0.63%.
Both the euro and the pound saw losses against the dollar, dropping 0.21% and 0.08% to trade for $1.12853 and $1.32285 respectively at 7:44 am CET.
Baha Breaking the News / OL
Happy Monday y’al
https://www.gold-eagle.com/article/its-now-or-never-for-silver-and-gold-patrick-karim
Like you Mizoglit I am invested for the long term prospects and have no intention of selling early.
Only real difference between us is my propensity to advocate for better management - whether on this forum (to gain support) or through others - like regulators, social media sites, etc.
My goal in dragging up an article from ten years ago is to increase knowledge for newer investors. And if this leads to better questions being raised at the upcoming investor presentation then it is worth the effort for all - including you
Best, Don
Don it seems you think different.
Why bother posting an aticle 10 years old ?
Good night ,why not just sell?
TORONTO, ONTARIO--(Marketwire - Aug. 2, 2011)
Quartz Ridge
Drilling continued at Quartz Ridge with results confirming continuity of an east-west trending mineralised structure approximately 1.5 km east of the Sukari process plant.
Current intercepts include:
22m@1.11g/t from surface, including
5m@3.90g/t from 17m.
11m@1.08g/t from 58m
5m@2.04g/t from 31m
4m@16.4g/t from 156m
5m@7.03g/t from 42m over a 150m strike length.
A follow up 10,000m RC program to test the strike extent of this zone will commence in the 3rd quarter followed by a resource estimate which will be included in the overall resource estimate of the project later in the year.**
V- Shear
V Shear lays approximately 1km north west of Quartz Ridge and just over a kilometre from the Sukari process facility.
Following initial soil and BLEG sampling programmes 3 RC holes (600m) were drilled during the quarter with the following significant results:
7m@21.4 g/t (from 28m)
16m@3.00 g/t (from 151m)
The above intercepts as well as the relationship of V Shear to the Quartz Ridge mineralisation are potentially highly significant. As such a 20,000 m RC program is being planned for this area as well as a soil/rock chip sampling program between the two mineralised zones.
https://www.globenewswire.com/fr/news-release/2011/08/02/1376845/0/en/Centamin-Egypt-Limited-Quarterly-Report-for-the-Three-Months-Ended-30-June-2011.html
------------------------------------------>>>>>
My Thoughts:
So, for Centamin investors like me who have been waiting for signs of life beyond Sukari (whether West Africa or in Egypt) it's been a long wait. Note the above recap says a resource estimate at Quartz Ridge was originally scheduled for Q4 2011. Let that sink in...
Perhaps we'll get an investor update on something other than the Sukari open pit this Wednesday as there have apparently been some recent papers published regarding Quartz Ridge in the scholarly realm: https://www.linkedin.com/posts/jacqui-coombes-19a3204_proud-to-be-attending-mohamed-bedair-mausimms-activity-6859501947796492289-Hpaa
I point these things out because if Dec 8th only brings more of the same ( i.e. repeating what we already suspect i.e. adding some ounces to the open pit ) it will be a colossal waste of investor good faith. That good faith that keeps believing the current slate of company directors' have any clue of how to run a 500k ounce gold miner - let alone grow into something better.
Agreed Sotolo. Of course the biggest determinant of AISC is volume...AISC per ounce decreases as production increases , until full capacity is reached , so if Centamin was able to produce 500 + thousand ounces per annum , instead of 400,000 ounces, then Centamin would have a lower AISC and would be more competitive than Endeavour . It's that simple .
This is also why the life of mine update is so important .. worse case scenario being that the life of mine is going to extend from 10 years to 12 by decreasing annual production from 500,000 ounces to 400,000 ounces (but not stated as bluntly.)
Based on what the mining experts on the site are saying, this is unlikely to be the case..fingers crossed they are proved right .