Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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: LIBERUM CAPITAL GOT 5 OF THE MAJOR SECTORS WRONG IN THE LAST TWO QUARTERS Follow your mates its better than paying for it. x from the old boy
In the discussions today I would like to see the following (I assume they are only talking about the Life of Mine of Sukari)
1. Definititon of all assets with the trucking distance of the plant, that CEY is aware of, but not necessarily owned by CEY
2. For those assets owned, discussion on their potential worth, in terms of their utility, $cost, $value and development.
3. Whats the time frames for these assets to be brought into cash production, esp free cash production, and what this does to future cash flows
4. I would expect to hear they are handling Mine site exploration, and in-mine exploration (two different ares or volumes of exploration). What there targets are in terms of volume and grade, and what budget and waht exploration flow of activites and time frames are going to be needed to test these.
5. Like to hear about their reconciliation history, and how they are going to improve.
6. Like to hear about their bottlenecking in terms of time and money. Where are the present suite of bott;enecks, what are they doing to rectify.
7. LOM risk mapping, where are the high value risks , where are high probability etc ....
8. Plans when the reserves run out ... and perhaps this is where we get the update about opportunities in egypt outside the trucking distance, and West Africa...
All ears here!
best
the Gnome
I think Mr Goxx (the hamster, now deceased) would have had Libernums measure well and truly in terms of share price prediction.
One of the perennial arguments about stock market trading is whether the markets can be predicted (anything much for that matter)—or whether you'd be better-off just randomly picking some stocks and hoping for the best. The latter is a very basic summation of the random walk hypothesis, a foundational financial theory still argued-over today.
Mr Goxx's performance was stellar, overheads very lean, and the only real capital was in the design of his office, the Goxx Box. So perhaps those serious about predicting share prices etc should invest in 1 hamster and build their own Goxx Box. LOL. But I wouldnt go near Libernum?
best
the gnome
Have been disappointed so many times in the past re: updates yet I'm still hopeful MH can deliver. My wish list for tomorrow:
- Batie West has been sold or a co-development deal struck
- a new underground decline has been launched to increase underground accessibility & throughput (via that Irish firm & a newly trained in-house crew)
- Doropo infill results update
- Sukari relogging yields open pit expansion beyond current parameters & extends mine life significantly
- Barrick DOES NOT make a takeover offer for Centamin
That's five items for my Xmas stocking - I'm only mildly optimistic I'll get more than one
The crushing facility was scheduled to be closed for eleven days while the new crusher was being installed. FLSmith with the help of some local labour supplied by Centamin managed the installation a couple of days less then what had been allowed for.
What would be real good news is if Martin Horgan announced that because of the efficiency of the new machine (against the old) that they were able to raise production guidance for the fourth quarter.
and the analyst has an appalling track record at calling stocks...pretty sure it's the same guy who was a bull on Sirius Minerals which went to 0...
A quick scan of “Cey Broker Ratings” on this (lse.co.uk) will lead one to conclude that a Liberum comment on Centamin is same bleep, different day. In other words it’s just noise and means nothing.
Given that the share is already sitting within a few % of their target price, one would have thought that would justify a HOLD rating.
Liberum capital main Job every week sell recommendation. next prediction 14/12/21 sell CEY 88 21/12/21 SELL CEY 88
China’s Communist Party has long maintained tight control over information, and the effort has intensified under leader Xi Jinping. The country has become increasingly opaque over the past year, even as its presence on the world stage grows.
A new data-security law has made it harder for foreign companies and investors to get information, including about supplies and financial statements. Several providers of ship locations in Chinese waters stopped sharing information outside the country, making it hard to understand port activity there. Chinese authorities have restricted information on coal use, purged documents related to political dissent cases from an official judicial database, and shut down academic exchanges with other countries.
“China has always been a big black box,”
"China is not alone in having a black box when it comes to economic metrics and info ..."
Adds to the uncertainties coming up fast
Centamin’s Sukari Gold Mine improves efficiency with quick FLSmidth gyratory crusher upgrade
Centamin’s Sukari Gold Mine (SGM) in Egypt is focused on optimising gold production through maximum operating efficiency. When the mine identified inefficiencies within the mill, including the primary gyratory crusher, it called on FLSmidth’s gyratory crusher specialists and a solution was developed that would not only fix the problem, but also increase availability in the long-term.
House prices across the United Kingdom were 8.2% higher in November compared to the same month a year earlier, according to a report published by Halifax on Tuesday. With an average price of houses at £272,992, the report noted that the figure expanded by 1% versus October, and 3.4% on a quarterly basis.
The average price of a property has therefore reached a new record value, with the prices surging for the fifth month in a row to reach a 15-year high. "Looking ahead, there is now greater uncertainty than has been the case for quite some time, with interest rates expected to rise to guard against further increases in inflation," noted Halifax Managing Director, Russell Galley.
Wales led the increase, followed by Northern Ireland, Scotland, and England. On the other hand, the report concluded that London "continues to lag the rest of UK in its rate of house price growth."
Baha Breaking the News / ND
House prices in the U.K. have risen in high single digits in at least this last 3 months pointing to definite signs of inflation.
Thank you Camb0 a reassuring point in the run up to tomorrow’s Life of Sukari Review.
I believe we’re safe enough.
Thanks for correction, Adobe was displaying page 18 on my mobile, but still a good length of life left in Sukari :)
Equities in Europe traded higher in the premarket session on Tuesday, as investors waited for the latest data reports on the state of the economy in the region.
Meanwhile, some European Central Bank officials cast doubt on whether euro area inflation could return to the target of 2% next year, and Ursula Von der Leyen vowed to do more for the global coronavirus vaccination efforts.
The DAX rose 0.56% at 8:00 am CET, while the FTSE 100 concurrently gained 0.39%. Meanwhile, the CAC 40 increased 0.28%.
The euro and the pound traded 0.07% and 0.17% higher against the dollar respectively to change hands for $1.12906 and $1.32792 at 8:02 am CET.
Baha Breaking the News / OL
... 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.