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.
Well played Razors, lets indeed all hope for more good fortune.
Aiolfe the E type club had a weekend meeting at Shelsey Walsh Hill climb over the weekend.
Wish I still had mine,.
Great fun, but unless the brakes have been upgraded to present day, difficult to stop without leaving a trail of rubber and smoke. :-)
Let's hope some of our dividend payment finds it's way to more purchases today
Hi RazorsEdge
It's nice when plans and hard work come to fruition.
FOMC meeting this week. Could this be the moment?
Yesterday, while I was driving near my home, seven E-Type Jags in a row drove in the oppsite direction, with a Land Rover pulling a trailer that had another classic/vintage car on it. I have never seen that many E-Types on the road at one time. They must have been going to a show. How much money had just past me at that moment?
Hmm. A kilogram or two of gold or an E-Type? I know which would be more fun.
A very busy today for me too, but it's sunny.
@RazorEdge Thanks for our reports each day. So glad all turning out well you can relax now how marvelous treat yourself to something nice.All the best Lynn
Major European stock markets registered gains ahead of the opening bell on Tuesday following the British government's decision to delay fully lifting coronavirus-related restrictions by a month until July 19.
The United Kingdom remained in focus, with recent reports claiming the country has reached the long-awaited post-Brexit trade deal with Australia and that the official announcement will be coming later today.
The FTSE 100 rose 0.40% at 7:37 am CET, while the DAX climbed 0.52%. Meanwhile, both the euro and the pound stood flat against the dollar at 7:38 am CET to sell for 1.21252 and 1.41160, respectively.
Breaking the News / ND
Divi say and my commercial property lease both activate today.
Meeting Shopfitters from Regatta clothing U.K. at the premises at 8:00 am to hand over the keys marking June 15th as the start of a ten year lease.
Big day here!
Bol all
Word is that that Naguib still feels he hasn't been treated as fairly (or preferentially) as he should have been as an Egyptian in these concession awards.
Most likely Naguib will always feel hard done by though because he begrudges anyone else being seen as more important or successful than he may be.
As past events have shown the Egyptian press will usually print before doing any fact checking on the accuracy of the claims, even more so so if the claims are from someone like Sawiris, also mining magazines are no different to any other, they are desperate for paid commissions and dependant upon advertising revenue.
Past events have shown that although Naguib continues to make lots of money, he also haemorrhages it on some leas than prudent business decisions and investments in companies that are parasitical in their consumption of cash for very little in return other than lots of swish PR full of promises of riches in the future!
I am not disputing Mr Hall may be a a good ,even excellent geologist, but then so it was claimed was Mr Pardey, as we are aware that doesn't always guarantee they will make wise business decisions and being paid to produce feasibility studies is all very well, but as we are also aware these studies more often than not aren't guaranteed to result in a profitable or sustainable mine anytime soon!I
I just can't get exited about Sawiris or any of his projects!
'Bought in at the peak like an amateur? '
MrBond - why would you pretend to not know how long I've been holding?
Normally I'd expect a newcomer to hurl insults. Simply saying things to aggravate is shameful.
Carry on ranting Don.
Why are you so aggressively, responding.
Bought at the peak like an amateur.
And find it difficult to trade.
I sympathise, if so .
I do not give advise, as you seem to imply.
You filter me if you wish.
You are in a way, very bright.
But edit your posts.
It does not seem you like anyone disagreeing with you.
You are not always right, nor is anyone.
Start to question yourself more.
If that is possible ?
I certainly do not defend CEY BOD, I put myself in their position, a new CEO inheriting a total shambles.
End of conversation for now.
MrBond46
You wonder why I stay with Centamin? I seriously doubt you spend more than a second thinking about me - and more to the point - less time than that thinking about your responses to my posts. If you don't approve of my criticism of Centamin's lack of disclosure I have to ask why?
As far as me contradicting myself in point one and point two - also please explain? Is it really that difficult to comprehend my request to have a maiden reserve published for Napelepera & Wadaradoo?
I endure all your rants about nothing - please allow a serious concern to be aired without constantly rushing to defend Centamin's BOD's or reminding me my complaining will accomplish nothing or telling me I should invest here or there.
Filter my posts from now on because your rush to censure any concerns I raise is getting old.
Seems to stuck in this trading range with no sight of a breakout, very frustrating
Bargains are sometimes not all they first appear, ask yourself do you trust Fres anymore than CEY or any other mining company?
If so then good luck with your decision!
If you are so enthusiastic buy END ,they are on LSE and Toronto from today. :-)
Problem being Sawiris , one minute suave ,next minute ruthless.
You going back years have been fiercely critical of CEY. Especially previos management, who in retrospect deserved it .
As you only post on CEY, I sometimes wonder why you have stayed so long.
From encouraging share buy backs to Batie West, you are unlikely to influence the BOD or many LTHs.
Your previous post in point.1
You want full disclosure of B/F.
Then seem to contradict yourself in point 2.
Complaining of publishing information.
Enjoy your CEY dividend tomorrow.
Good night, at least it is here ,with mozzis biting unfortunately.
Hi Cowichan,
I can understand your frustration and agree in the past the board haven't behaved as they should have done towards shareholders and I agree entirely the promised information/resource updates you have continued to ask for should have been forthcoming long before now.
But I'm afraid "Flogging a dead horse " comes to mind as far as getting the support you need to pursue this, even if all our board member's joined the cause many,many more and funding for legal costs would still be needed,even then the system is loaded against small investors and the majority will never stick together to present the case by following the correct procedures.
As you point out some mining company will develop those reserves, but I really don't think Centamin have the will, possibly not even the right attributes or abilities to do it based on past record, let's face it they haven't exactly shown great professional ability in running the Sukari operation properly otherwise it wouldn't have been in danger of disappearing under a pile of waste.
How many times did Pardey mislead even deceive share holders about the Sukari grades, guidance and operational issues, I've certainly lost count, so why should we be expected to believe in these other potential reserves, how many more years and how many more millions of dollars to chuck into another money pit of promises?
I have really lost any confidence in Centamins intention or ability to develop these West African reserves, better that another miner takes them on.
That is of course just my opinion and I respect yours as you are well aware.
Naguib Sawiris (La Mancha owns 35% of Altus) is making quick progress with his recently granted Egyptian concessions. Not a 'time waster' that man...
------>>>>
“We are delighted to welcome Amilha, David and Boubacar to the Altus team. The appointment of such high calibre individuals reflects our strong progress and growth trajectory, with numerous project and royalty activities underway across multiple jurisdictions..."
David Hall - Strategic Advisor (Egypt)
Mr Hall is an economic geologist with over 35 years of experience in the exploration and mining sector and has worked on and assessed exploration projects and mines in over 55 countries with both major mining companies and in establishing exploration & development companies. Mr Hall is the Chairman and co-founder of AIM and TSX-V listed Horizonte Minerals Plc and was the founder of Stratex International plc, an AIM listed company that discovered the Oksüt gold deposit, now in production with TSX listed Centerra Gold Inc. He has extensive experience in the Arabian Nubian Shield commencing in 1985 in Sudan and subsequently with Minex Minerals Egypt, when he was based in Cairo from 1986 to 1990. He has also reviewed projects in Yemen, Eritrea, Ethiopia and Saudi Arabia. Most recently he was CEO of Thani Stratex Resources Limited which defined a resource at the Anbat gold project in the Eastern Desert of Egypt.
https://www.altus-strategies.com/projects/wadi-dubur/
https://www.altus-strategies.com/projects/wadi-jundi/
https://www.altus-strategies.com/projects/bakriyah/
https://www.altus-strategies.com/projects/abu-diwan/
------------------------------->>>
My Thoughts:
Interestingly these projects are all classified as: Deal Partner: Available
suggesting Altus is wanting/willing to take on partners to develop these concessions.
Sawiris certainly understands the mining business is about taking on a certain amount of risk, those who are invested in Centamin and are satisfied with the pace of our BOD's development (or should I say lack of development) may want to consider the price of doing nothing can sometimes be more costly than embracing risk. This will become apparent as more companies take risks in Egypt.
The ASGM sector is a driving force for rural economic development in Burkina Faso. It employs over 700,000 miners across more than 243 legal mine sites and at least 200 informal, not-yet legal sites, with roughly 2 million people providing supportive services. Burkinabe miners have an annual income of around $2,500 USD, which amounts to roughly 135 grams of gold per miner per year. These miners are working just above a subsistence level of existence, but also earning substantially more than other agrarian alternatives.
ASGM is known for its informal nature. This directly impedes it from accessing formal markets and better prices because the gold produced struggles to meet international regulations, and rarely moves through traceable supply chains. Mercury use is one part of the challenge. According to Burkina Faso’s National Action Plan the Burkinabe ASM sector uses 35 tonnes of mercury per year
---------------------->>
My Thoughts: Better to encourage companies like Barrick, Endeavour and Centamin to get involved with modern mining practices than allow unrestrained growth to destroy the environment. The mercury released alone is a slow motion catastrophe
http://www.mercuryconvention.org/Portals/11/documents/NAP/PAN_EMAPE_Burkina-Faso_April2020_FR.pdf
https://europeanpartnership-responsibleminerals.eu/news/view/ddf7e309-b6e3-473e-987d-818084793b2e/project-peek-burkina-faso-scalable-trade-in-artisanal-gold
Gnome - you can attribute the initial discovery of Konkera to whomever you like - the local artisanals certainly were the first to dig & find gold - my point is Centamin has failed in:
1) keeping shareholders informed as to exactly what the issues to be sorted are in developing Konkera. The fact that you have to speculate is proof they are not doing their job. MrBond et al can apparently think of many reasons shareholders should be kept in the dark about development decisions but that's not the typical rationale of a competent investor. Why Centamin needs a resident chat board apologetic is certainly telling.
2) publishing a maiden resource for the large deposits surrounding Konkera i.e. Napelepera, Wadaradoo, etc. This failure is particularly appalling - especially as it is in the best interest of shareholders to attract the highest bidder for assets should they be jettisoned.
https://twitter.com/DonLawson_/status/1399797235747942401
One last thought - it never ceases to amaze me there are souls on this chat board who will gladly believe and repeat what amounts to conspiracy theories regarding the suppression of our share price by secret agents and/or devious market practices yet are unwilling to pursue questioning the BOD's withholding of key data on concessions we have paid for exploring as shareholders.
For dividend reinvestment tomorrow
Thank you Mr Bond,
I really can't see the point in any of them now, whilst money and time has been spent on what might be in other areas of West Africa when what we do have the Sukari hasn't been managed properly and as a result is now in limp mode with Centamin's share price half of what it was around 12 months ago.
The situation in Eygpt and mining law for new concessions and the attitude towards investment from foriegn companies has changed dramatically from what it was when these other satellite exploration projects were started, opportunities that are easier to exploit in a known and more stable jurisdiction must weaken very considerably the Centamin business case for expanding into these other potentially unstable and unfamiliar Wests African regions.
So time to sell them to others or just cut the losses,mothball or dump them is most probably the best option.
But whatever getting Sukari firing on all cylinders should be the overriding priority in my opinion!
Mr T, with a life of mine of just 8 years, I would question this project.
AISC could go either way depending on Oil prices , war and many unseen problems.
So I would agree.
Much better look at other prospects first.
I can understand management staying quiet for more than one reason.
Especially if they plan off loading it.
If they get a licence, it could be very long and drawn out ,getting to a decent profitable production.
I am sure many will disagree, we all have our own views.
Disagreement is healthy, the right choice is difficult ,without management analysis.
You can be sure the BOD has been through the risks and benefits.
Mr Gnome, thank you for the benefit of your experience in these specialist exploration matters.
Forgive my limited understanding of these very specialised mining matters.
As a share holder in Centamin I must ask why on earth spend (or waste) so much money on what appears to be an a project with no return?
Why waste any more time and money on a project that is likely to be fraught with ongoing problems?
Sub contract the work out if a sizeable return is likely in a reasonable time scale, but not another 10 years!
If Sukari was running as it should, the outstanding issues were settled amicably and the outstanding details on the potential new concessions were all sorted then I might understand the justification in some of this other exploration, as it is I can see little justification in carrying on with any more of this pointless but expensive hole drilling!!
There is a lot of sells ,,100 200 300 going through, I wonder if someone is trying to keep the SP down.Nothing would surprise me ,at this point in time.
Thank you Astro,
What the June 28 date does represent is the bigger picture and that is the BIS would have set the ball rolling for Europe, with the line in the sand being sufficient for ramifications for the LBMA to throw in the towel!
Once the NSFR is implemented there is no turning back for London and its 95% unallocated shady paper trading games should come to an end towards the end of 2021.
So despite the LBMA's protests for spacial treatment because it is so essential to the worlds precious metals markets and a blagged exemption from Basel 3 compliance until Jan 2022 due to Covid, (now pointless because Europe will be complying on time)the LBMA is being relegated to it's rightful place down to the bottom of the lavatory pan and into the sewer!
Another fine mess for Boris post Brexit!
https://www.investing.com/analysis/gold-shift-of-power-from-west-to-east-200585010
Mr T
the exploration was compromised, which can oftne be the case, when you are a junior and the brokers and analysts are barking (mad?) at you. having to manage an influx of 5-7 RC drill rigs, plus auger rigs, plus geochem sampling crews in locality which might be 1 or 2 bus stops from the end o the world is a tough thing to do. Personal experience.
best
the gnome