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Its been a long and hopeless history of foreign intervention in Afghanistan, and without tryiing to be provacative, seems to reach at least back to the British and the Opium Wars with a kick off in 1839 (w eshould not mentionthe British East India Company) ...., topped up by Blair's (what was wrong with this guy?, Iraq, Iran, Libya..yawn) stupidity in 2006 and deployment of British troops
https://www.theguardian.com/uk/2006/jan/04/military.afghanistan
... I do have to worry about the endless rhetoric of sovereignty, versus the actions of continual invasion and occupation ..etc
An embarassment of stupidity and conflicts of interest,
I feel for the women of Afghanistan, for the ordinary people of Afghanistan who deserve so much better than the endless foreign f/ups
best
the gnome
Quite so after the underhand deal that has been agreed with the Taliban by the Trump administration who knows what the CIA have been up to, the American instigated supposed nation building in Afghanistan was a disgraceful waste of lives, money and the future of women.
As Tony Benn pointed out in past many times these international disputes and issues should be dealt with by the United Nations, not by the US, UK , China or Russia!
I await to see the total number of all deaths in the UK for 2020..
Iran attacking tankers is not proven..
We have…..
Covid
Brexit still not truly resolved
Afghanistan
Iran attaching tankers
China fall back
US infrastructure spending
Low interest rates
US Fed indicating it’s going to reduce stimulus
US president popularity plummeting
And STILL this share is sub £1!
Major stock indexes in Europe traded lower premarket on Wednesday as worries regarding the spread of coronavirus and its new variants dampened investor optimism.
The FTSE 100 was down 0.13% at 7:40 am CET, while the DAX remained unchanged at the same time.
The euro decreased 0.11% against the greenback to sell for 1.17432 at 7:41 am CET. The pound was flat at the same time, changing hands for 1.37239 dollars.
.
Breaking the News / MD
Happy hump y’al
Hi Mr Bond and Rebess, I'm pretty certain that most of us have misunderstood a post from someone and then reacted in an inappropriate way before realising our mistake or error with regret at some time or other, and may do so again in the future, but many of us have know one another long enough not to take offence, and decent enough to admit our mistake, especially important when there isn't edit facility!
Although i have found the forum moderator is usually very helpful if contacted with an explanation and a request to remove a post made in haste or error.
Cheers for now!
hi MrBond,
I also recall those statement's from Martin Horgan, they give the impression of a CEO with integrity who knows what they are doing!
Its interesting with the LOM, in terms of what you go after in as to Resources and Reserves. To a degree, it imaybe a poor decision to portion significant money into discovering 30-50 years of mine life, as opposed to optimising the present and near future cash flow, maintaining EBITDA margins etc. Its a balancing act, often overlooked. I recall one high grade mine in Western Australia that only ever had 2-3 years mine life, but had so over 50 years! Another I worked on, had a mine life of 2 years when I started, then a life of 8 years after another 3 years had elapsed, and is still mining and discovering gold 37 years on!
Gold mineralised systems on the scale of Sukari, can go on and on, and typically do, but how much money do you put into defining mining reserves 10-15 years out into the future using money of today? And of course the other aspect is what happens to the POG and the cost structures over this tim period. The history of mining over the last 30 years have shown than on average the EBITDA margins have increased, so Gold Mining has become a better business, and hence more attractive investment propositions. See what Kees thinks about that statement?
Its a call that they may allude to, in the LOM discussions. If they don't I will ask the questions.
best
the Gnome
I have no problems with Andrew M, and in fact love his presentations. There is a lot of detail, that he divulges, that is very interesting and pertinent to short term trading. To perhaps state the obvious, I am more into longer term thinking and positioning.
He brings into the picture a very fundamental question. If the powers that be (including my beloved economists), believe in the power of the markets, then they should have put top priority into making sure each and every market is a fair, level, fully informed, market place. Proper functioning of the market place is fundamental to design, and of course it is not ... almost by design! I appreciate its an outrageous idea.
If it is so dysfunctional (by design), just who benefits, and is the benefit fair and reasonable. So Andrew brings into view the contrived and invisible hand, and it is not a fair and reasonable market. So why don't we scrub it ina dn do something a lot better?
best
the Gnome
Altus Strategies (Naguib Sawiris gold mining concessions winner in Egypt) grants Aton's former CEO Mark Campbell 100,000 share options
Altus literally just nabbed Mr Campbell from Aton 2 weeks ago — the man hasn't had time to unpack his computer
https://www.thenewswire.com/press-releases/1ArbFEjrJ-grant-of-share-options-and-pdmr-notification.html
Hi Mr Gnome,
To be fair anyone who actually has anything to do with Andrew on a more personal or face to face basis soon appreciate he is a very decent chap, he does try not to talk above ordinary people's understanding of what is happening in the markets in these broadcasts, difficult though considering what goes on by the second over the week and how much control the manipulators actually have!
Hi Mr Bond
Please feel free to post anything you want to . - You're an excellent contributor here. - You only once rattled my cage when questioning my credibility on this forum . - Much to my regret, on that occasion, I over-reacted in my response. - Not usually like me, I like everybody to have their say regardless.. - Good luck.
My response was an over-reaction
Rebess not particularly aimed at you ,lol.
I know to tread carefully around you. ;-) .
Thanks Don for clearing other peoples doubts ,but you made it clear many times in the past.
People do not research sufficiently.
Thank you Cowichan - I'll take a look. - I'll try and keep up in future. :-) - Cheers.
Hey Rebess,
Don't know if you saw but I did patch together a map of all the awarded Egypt concessions I could find. Too bad there is no photo function on this chat board but I did post it again today on Twitter. Cheers
https://twitter.com/DonLawson_/status/1430207264611254272
Dont blame you halfpenny
And why not I have :-)
Hi Mr Gnome,
Kees Dekker has always been of the same opinion that Sukari encompasses many different area's of potential gold reserves.
As we are now well aware the type of coordinated and strategically planned type of working between the CEO the mine general manger you mention was certainly lacking in the past, Pardey was out of his depth and Youssef was mine manager in name only, both were unfit foe post!
Mr Bond that is unkind, better to say to candid investor that we remain here as we expect new exploration to increase the life of mine
OK putting in drives from the open pit ha been done a lot. Look forward to the LOM study
good luck to us all...
the gnome
People frightened to sneeze less we go into lockdown for a few years!
I think Andrew is right, but his timing maybe not right. The consistent loss of purchasing power of cash, over decades, has and is only going to get worse. The endless printing of money, creating assett bubbles in just about any asset (but cash), is breathtaking. The "new" move by the Fed to talk up a "new target" of lower (Quality?) unemployment is a distraction from their real business, and does nothing but further undermine the veracity and real-world rigour of their approach, and breeds continued mistrust and lack of any basis for respecting the gentlemen. They have to develop a far more convincing narrative and then rigorously follow with actions, to deliver outcomes that do not involve equity and housing bubbles galore
In Australia the RBA (our Central Bank), is now busy lowering their predictions (Modelling!?) on growth, by more than 50% (woops, sorry), but still do not have the key variables realistcally modelled. Our Universities are berefit of International students which has come as a shock and invalidated their sloppy business model, the hospitality industry is begging for help, and I just returned from a concert by a wonderful pianist, who was overjoyed to have an audience, although they all wore masks, and sat 1.5 meters from each other.
Our Prime Minister says people should be able to travel interstate to see loved ones at Christmas, as he continues to pressure state and territory leaders to stick to the national plan to start reopening the economy once key vaccination targets are reached. His pressure todate has produced pathetically little, and given we are now the "Un-United States of Australia", hard to see nation building, cohesion, national GDP growth or anything like this happening anytime soon.
Interesting to look at the 30 year gold price graph and it has been a steady trend up, with a large spike at about 2012, when the money printing ran (more?) riot. But really the money printing is still the biggest game in town. The 30 year gold graph has remarkable resemblance to the 30 year US Government Debt, and with Biden now doing trillions (I think in his wisdom dispensed with the small stuff, billions) with some weird and wonderful policies (and we won't mention Afghanistan)
So yes we can buy equity assets, and houses, and land, but somehow the pollies come running and tinker with all of this, and the walls come tumbling down.
So leaves the old reliable , that, ... yes goes up and down, but long term more up than down, So its all in the timing, but if your view is longish, rather than a quick one nighter
best
the gnome
The new CEO discussed possibilities of accessing tunnelling's from the open pit when the clearance of excess "Waste" would make the West face safe.
But was honest enough to say ,he nor anyone was absolutely certain of quantity.
But that's mining.
At least if on track next month production of higher grades should start to ramp up to normal.
Fingers crossed everyone.
To perhaps state the obvious, Sukari is not a single mine. It is a mining operation with several mines, and in each, several working faces. Great to have these optionalities in the mining operaiton, and this is what the Mine Manager/General Manager and CEO have to work up/develop,juggle, balance risk, mix Geomet zones etc...