Petro Matad CEO Mike Buck confirmed that he believes the Exploitation Licence for Block XX in Eastern Mongolia is likely to be awarded in Q2. Watch the full video here.
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Hello Rebess... always good to have some sector attention.
Europe trades mostly flat premarket
European shares traded mostly flat in premarket trading on Wednesday after British Prime Minister Theresa May announced yesterday that Parliament will be presented with a new Brexit deal after achieving "significant progress" in talks with the Labour Party. The new proposal contains additional assurances in regards to the Irish backstop and MPs will get a chance to vote to hold a second referendum on Britain's withdrawal from the European Union.
CPI and PPI data for the United Kingdom is due for release later in the day.
The FTSE 100 added 0.20% at 7:54 am CET, while the DAX and the CAC 40 were flat.
The euro contracted 0.06% compared to the dollar at 7:56 am CET, selling for $1.11532, while the pound was flat against the greenback, going for $1.27055.
Breaking the News / NI
- 0.12% - $1.53 $1273.28
High of the day $1275.39
In Burkina Faso, Oumarou Idani, minister of mines, believes his country is leaking gold to UAE on a massive scale. Of the 9.5 tonnes of gold the government estimates informal miners dig up each year, just 200 to 400 kg are declared to the authorities, he said.
ASX-listed West African Resources has officially launched construction at its Sanbrado gold mine in Burkina Faso with a ground-breaking ceremony last week attended by the country’s Prime Minister Christophe Dabiré.
Sanbrado, in the Central Plateau region of Burkina Faso, will be the country’s fourteenth commercial mine and the first gold mine in the region. According to a statement by West African Resources, the first gold pour remains on track for quarter three of 2020.
Sanbrado has an expected mine life of 10 years and it is estimated that the mine will produce at least 1.53 million ounces of gold throughout the life of mine, with average production of 217 000oz a year during the first five years.
Sanbrado will use both open-pit and underground mining with a carbon-in-leach processing operation, a power station, water pumping station on the banks of the Nakambé River and a 255-room mining camp. The construction phase will generate about 800 jobs and the mine will employ about 700 people when it reaches production, including a strong component of local workers.
if all goes to plan these guys will have gone from groundbreaking to production in just over a year...
Andrew, please be aware there are many long term shareholders like me who want to see share price appreciation. As such we are of the opinion a share buyback program would be a prudent use of funds, especially considering the substantial drop in market capitalization.
In addition there are other concerns which have not been addressed despite repeated attempts to engage 'investor relations':
1) Why has the scoping study for Batie West Project been delayed? It was promised to be released in 2018
2) Why has there not been an updated resource estimate in Burkina Faso despite a vast amount of exploration drilling over numerous years?
3) A three year production guidance report was said to be forthcoming mid Q2
Looking forward to your addressing these concerns with a public announcement soon
Yep - "What Meghan wants, Meghan gets". - A recent quote from 'Prince Harry'. - It aint gonna change any time soon. - If anything - The dominance, the decadence, will only ratchet-up.
So you ask how is all of this off topic, yet I consider it on topic.
Gold has been around for 4,000.000,000 yrears and I suspect longer.
Financilisation has been around for 10-20 years.
Given that gold is indestructible, and you cannot create it/devalue it ad nauseum .... in sharp contrast to the dollar, fiat cuurency etc....
I strongly suspect gold will be around for another 4,000,000,000,0000,0000 years.
I strongly suspect the laws of financialisation will change tomorrow, or in 1 day, perhaps 2, .
best of luck
the GOLD gnome
Of course if Trump does not know what he is doing (evidence seems to be good), and nor does the press (evidence seems to be compelling), then there are other insights ....
Rethinking the financialization of ‘nature’
Stefan Ouma, Leigh Johnson, Patrick Bigger
This editorial provides an analytical intervention to accompany the theme issue’s empirical papers on “Rethinking the Financialization of Nature.” The papers turn our attention towards three often neglected themes in prior research on finance and nature: (1) the frictional processes through which money leverages nature and resource-based ventures to produce more money (“Getting between M-C-M’”); (2) the role played by moralities, values, and affect in the financialization of nature and resistance levelled against it; and (3) the multiple roles of the state in mediating the circulation of finance in and through nature. We also engage with the politics of information and legitimation accompanying the financialization of nature to tease out levers for political critique. Finally, we map out a forward-looking agenda calling for research to engage more substantially with both the methodological questions accompanying the study of the financialization of nature, and the class dimensions of the process.
....worth a look, and a thought or 50
Yes, well this is OFF TOPIC, but I think it is very much ON TOPIC.
From Matt, Rolling Stone ....
"Quietly then, over the course of decades, lobbyists pushed for changes. In the next big war, there would be no gruesome pictures of soldiers dying, no photos of coffins coming home, no pictures of civilian massacres (enforced more easily with new embedding rules), and no Cronkite-ian defeatism.
They got all of that by the time we went into Iraq. The TV landscape by then was almost completely sterilized. Jesse Ventura and Phil Donahue were pulled from MSNBC because they opposed invasion. Networks agreed not to film coffins or death scenes.
Yet the invasion of Iraq was a failure for the same reason Vietnam was a failure, and Libya was a failure, and Afghanistan is a failure, and Venezuela or Syria or Iran will be failures, if we get around to toppling regimes in those countries: America is incapable of understanding or respecting foreigners’ instinct for self-rule.
The pattern in American interventions has been the same for ages. We are for self-determination everywhere, until such self-determination clashes with a commercial or security objective.
A common triggering event for American-backed overthrows is a leader trying to nationalize the country’s resources. This is why we ended up replacing democratically-elected Mohammed Mossadeq with the Shah in Iran, for instance."
and the story goes on, and on, and on....
good luck ...
"We have no indication that anything is happening or will happen, but if it does, it will be met, obviously, with great force. We'll have no choice," Trump said.
Do you ever get the idea that the world is getting duped....? and the Lemmings getting hurded to the cliff ...LOL
Gold should go through the roof, if people really understood the game that is getting played (Badly)
the gold gnome
Lets just say Trump is a little off color, as we are all polite people. ... The Iran confrontation is laughable, as there is no evidence of Iran posing any serious military threat. Lets not hear the weapons of mass destruction rhetoric again please. But if one looks at the performance of the US in the Middle East, then this is of significantly more concern. How many interventions, liberations and pre-emptive strikes, and backroom deals (etc) does one have to do, none of which deliver sustainable peace, lasting infrastructure (etc) or anything positive or uplifting, before one loses credibility, and people start to smell a rat. Trump with all his rants suggesting he is his own man, BUT is the same old story dressed up in a different suit. To suit the same cause. Just a sad story, where the poor get trashed, shot, bombed... yet again...for what?
the gold gnome
Well said Groover!
This is what happens when a bunch of trailer trash rednecks vote a lunatic into the WH.
Mans a muppet and destroying global economies in a childish power play game, problem is he's to thick to realise the long term damage he is causing to many. Hes thinks he will be the knight on the white horse but he's not playing with his toy soldiers anymore, he's playing with real lives. How on earth did it come to this, a man with no political experience winning the white horse. As before - utter prick
Europe higher in premarket after US delays Huawei ban
European stock markets traded higher during Tuesday's premarket session as investor monitor the latest developments surrounding the United States push against Chinese telecommunications giant Huawei. Earlier, the US Commerce Department announced that it issued an official temporary license for Huawei, delaying the ban against the Chinese tech company by 90 days, allowing it to work in the country and maintain its network.
Meanwhile, it was reported that Google was in talks with Huawei on how to overcome the blacklisting of the Chinese company, only a day after the American company barred it from certain updates to its Android operating system.
The FTSE 100 was up 0.20% in premarket trading, while the DAX gained 0.37%. In Paris, the CAC 40 added 0.16% an hour before the opening bell. All three major European indices finished yesterday's session with deep losses, with the DAX ending 1.61% in the negative territory. The euro was down 0.12% against the dollar to sell for 1.1152 at 7:57 am CET, while the pound remained unchanged versus the greenback, going for 1.2722 at the same time.
Breaking the News / FH
- 0.15% - $1.89 $1275.82
High of the day $1278.01
It's Trump who is stirring up trouble to suit his political aims and objectives.
Iran has a fairly moderate administration at present, but if Trump carries on with his unjustified actions against Iran there is the risk that extremists will take over completely, of course that would suit Trump because he wants to start a war that he knows the US will easily win.
Trump isn't so sure of himself when dealing with Russia though!
It's Trump who is stirring up trouble to suit his political aims and objectives.
Iran has a fairly moderate administration at present, but if Trump carries on with his unjustified actions against Iran there is the risk that extremists will take over completely, of course that would suit Trump because he wants to start a war thwt he knws the uS will easily win.
Trump isn't so sure of himself when dealing with Russia!
It's Trump who is stiring up trouble to suit his politiacl aims and objctives.
Iran has a failly moderta administartion at present but if Trump carries on with his unjustfied actions against
Yes, Trump will impact the POG
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President Donald Trump warned Tehran to stop threatening America and suggested the US would destroy the Islamic Republic if there was a military conflict, in comments that once again raised the spectre of war in the Middle East.
“If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again!” Mr Trump tweeted on Sunday
Europe mixed in premarket amid trade uncertainties
European stock markets traded on a mixed note during Monday's premarket session as investors monitor the latest developments in the ongoing trade dispute between the United States and China. Earlier, American tech giant Google suspended business with China's Huawei and cut it off from its services after the US blacklisted the firm. However, Google confirmed that existing Huawei devices users will, at least for now, be allowed to use continue to use "Google Play and the security protections from Google Play Protect."
On the earnings front, Ryanair revealed its revenue for full fiscal 2019 rose 6% annually, while profit in the same period dropped 29%. Meanwhile, German producer inflation data was published before the opening bell.
The FTSE 100 was up 0.14% in premarket, while the DAX remained virtually unchanged at the same time. In Paris, the CAC 40 traded 0.05% lower in the premarket session. The euro was little changed against the dollar, selling for 1.1153 at 8:00 am CET, while the pound added 0.13% versus the greenback to go for 1.2735.
Breaking the News / FH
- 0.17% - $2.36 $1275.42
High of the day $1278.96
Thank you Siko for this information.on the Sukari mine.
Centamin IR were keen to point out that the whole issue of building a mine and operating it is all part of the company strategy, also they agree that they have been paid back for the original capex, yet there is also a lot of ongoing capex and opex as well.that needs to be taken into account.