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Hi joep1,
I see you have some concerns with GGP and their slowness to release drill results and a possible conflict of interests in that regard. In my opinion this is also an issue with Centamin. Loads of drilling and no resource update since 2014 in Burkina Faso. I've attempted to engage Centamin LTH's on this forum but they seem to be lost in a world of their own. I'm reposting a post from Friday - surely we can get a few more likes and retweets on Twitter?!
That said I do believe Centamin has great potential if management would get off their hands and move ahead both in Egypt and West Africa. I know new concessions can take a long time to negotiate but that is no excuse for exploratory drilling to be on hold in and around Sukari for the last decade. So if you do invest — be prepared to wait.
-------------------------------->>>
retweet & like this
https://twitter.com/DonLawson_/status/1403387462169219077
.@CentaminPlc
FYI this is what a transparent timetable looks like to develop a mine in Cote D'Ivoire c/o
@TiettoMinerals
Also, #Centamin shareholders are still waiting for a resource update & a full legal disclosure in Burkina Faso
@BlackRock_UK
@OSC_News
@Buchanan_PR
@TheFCA
Global and USA inflation goes very high, basel 3 comes in and gold gets revalued sky high, global and USA are able to wipe debt with gold. Then USA can raise interest rates to 20% or higher, the day is saved and the dollar remains dominant. Is this the masterplan?
Hi Red Sparrow,
No need to apologies for being off topic, it was always the way that everything was indeed on topic at quiet times and at weekends , far better to divert one's thoughts or concerns about what's going on behind the scenes at Centamin with some debate on other issues, it gives the mind time to recuperate and often helps one put things into perspective.
I really enjoyed your analysis of the state of things today , in particular your comparison of public attitudes during the Civil War to those of the present day, indeed this UK Civil war may well fester on for some years, until it becomes apparent that the idea that existing in isolation is no way to live and no one country can exist in isolation, certainly blockchain and crypto currencies will inecvitadly bring about changes in peoples attitudes who will see no reason for the unfit for purpose policies inflicted upon them by out of touch inward thinking political elites, or for unreasonable travel and trading barriers and protectionistic practices.
The present pandemic has highlighted the failure of governments the world over to have provided fit for purpose health care policies that are able to cope with routine needs and unexpected occurrences in tandem.
Turning countries into open prisons with restrictions on peoples basic freedom is not acceptable , a fit for purpose health care system and common sense should have been the way to deal with the pandemic.
The vast majority of people have committed no crime and yet they have been sentenced to open prison existence for around 18 months !
I'm taking a position because this chart looks fantastic and I'm bullish on gold. I don't know how well positioned Centamin is in terms of gold left in the ground however, hoping one of you could summarize for me? The alternatives that I'm more clued up on are £PXC and £GGP, with decent mine plans on the way and years of positive cashflows ahead but none right now. How well positioned is Centamin to hold for 5 years? Cheers
I wonder if the Chinese will find any gold deposits on Mars?
Despite the gold price stalling around the $1900 mark, there is plenty of anecdotal evidence that gold is getting more difficult to obtain - especially in gold sovereign form. I now cannot buy pre-decimal sovereigns, some Victorian, Edward VII & George V.
I last purchased sovereigns in 2015. Can it be much longer before Centamin takes off? It's getting closer.
https://www.bairdmint.com/live-metals-pricing
Our news in dominated by the Climate Change lobby, Black Lives Matter, Me Too and so much more. Most of these people would be horrified to think they are following the mindset of the Calvinistic Puritans of the seventeenth century - except insert the latter day cause for that particular branch of Christianity. I'm not criticizing their views, just making an observation.
Just as in the case of the English Civil War (the 17th Century one!), where the vast majority of people took no side in the struggle between the Monarchy and Parliament, most people today just read and listen to what's said on these issues and get on with their lives. I'm sure politicians find these topics a great distraction to cover up their real agenda.
What we forget about are the really postive things going on to make human life on the planet safer, longer and more sustainable. Isn't it great that someone like Olga, in Goldgnome's link, can emigrate from Russia to the USA, and be passionate about the potential benefits of Smart Contracts, and explain them to the audience in perfect English? Likewise, the research being carried out on genome sequencing and DNA profiling should allow us to predict an individual's health profile from the early years, and help prevent diseases and ailments from the ageing process.
So, just two of the many great things going on to chalk up on the plus side. It's very easy to get bogged down in other people's crap.
I'm sure that someone, at some time, has asked you the question: 'If you had a choice of going back in time and living a day in that era, what would you choose?' My answer has always been - Today! As a wise man once said about wanting to live in 'olden times' - just think about going to the dentist.
Oh so sorry for the off topic; just a bit of weekend nonsense.
Hi Mr Gnome,
Our UK BOE governor and indeed many of our MP's are ignorant of how the markets and certainly the Comex works, I doubt they will take the trouble to try to understand Smart Contracts until they are hit between the eyes by them and forced to acknowledge this is a better way of doing things!
Indeed these Smart Contracts are a way to give some power back to the people and level up the playing field!
Tibbs
Thank you MR Gnome,
As usual you hit the nails on the head and more!!
Hi Market,
Fantastic to hear from you and know that you are still enjoying your "Tot's"
The eighties were indeed a golden age for some like those making load's of money out of selling to the people what was already t heirs!
You are right , the UK has become a service economy, Thatcher's plan was always to break the unions, thereby destroying any resistance by taking away the self respect and pride of the people, she achieved this by destroying and selling off rather than investing in our public sector or modernising our engineering and manufacturing industries .
Thatchers government sold off at a knock down price or gave away to foreign competitors whole sectors of our manufacturing and made us dependent upon in many cases poorer quality, but less expensively produced imports.
The sold off industries pension funds were robbed by the carpet beggars whilst the communities thrown out of work had little choice but to became subservient, tow the line and be grateful for handout's ,whilst some were offered the sop of working in a retail park or working in "Costa coffee and McDonalds
However that said find the present time far more depressing and the present government far more abhorrent and certainly more deceitful than Thatchers ever was!
Good to hear yourself and Nurse Ratchet still in working order.
Keep with your tipple.
Yes, we have running those style of experiments in Victoria over the last 18 months. The excuse has been the "virus" and the punshment has been to see how many days the "authorities" can keep the population locked up in their houses, without their being a breakout. The experiments are ongoing until the virus is eliminated 100%. So will be on going for the next 50 years I expect.
For those with time on their hands, considering a career move
https://www.youtube.com/watch?v=pA6CGuXEKtQ
regards
the gnome
I remember Maggie Thatcher saying the UK needs to be a service economy, her vision was the UK being the Switzerland model of the world. Is this the path we are going . Did not like the girl to much but her vision you can't knock, 50% of the workforce can work at home. 20% claim benefits and the 30% hard working grafters need a pat on the back. -------Market still going and having a tipple when nurse Ratchett is not here all the best my buddy's
https://www.investorschronicle.co.uk/news/2021/06/10/week-ahead-14-18-june/
The Milgram experiment about human behaviour has always fascinated me. The link below explains it, but it is well known anyway. The Germans had to try to find out who the agitators were in their prison camps - about 3% of the men were trouble makers - and separate them from the sheep.
I reckon the percentage of 'strops' on this board is a far sight higher than 3%. In fact, I'd stick the lot of you in Colditz.
(Maybe not).
Have a great weekend.
https://www.thoughtco.com/milgram-experiment-4176401
The price of gold declined by more than 1% on Friday as the dollar advanced amid hopes that the recent inflation hike will not be long-term.
The markets shook off the inflation concerns despite the worse-than-expected consumer prices increase, as the idea of transitory inflation took hold among the traders.
Spot gold fell 1.16% to sell for $1,876.97 per ounce at 1:34 pm ET, while silver slid 0.11% to $27.97 per ounce a minute later. Platinum lost 0.27% to go for $1152.11 at 1:35 am ET, while palladium concurrently went up by 0.16% to go for $2,783.71.05 an ounce.
Breaking the News / BU
Including me!
'There are' a lot of them around!
I see what you mean, Mr Tibbles. Well, Andrew Bailey seems to be another head - with not much in it. There's a lot of them around.
Quite so RedSparrow, Andrew is working on episode 40,
However the reason I re posted this was to highlight the item at 1452 re House of Commons debate by Jeremy Lefroy MP on precious metals manipulation,which some people may not be aware of, but it highlights that the majority of our MP's just assume that the regulators are doing just that.
What is quite worrying though is the new BOE governor Andrew Baileys nonchalance over EFP and his apparent ignorance or lack of understanding of the Comex (regulation) and also that our two part tax payer owned banks trading desks could be liable to criminal charges over some of their joint trading activities with US banks trading desks .
Sometime people can be so focused on the POG on the day that other very important and relevant issues just go over their head.
Among investment trusts, Allianz Technology Trust (ATT) rose 2.3% to 272p after US tech stocks largely shrugged off any inflation concerns overnight. Student landlord Unite Group (DIGS) slipped 1.8% to £11.54.
Pacific Horizon (PHI) fell 1.9% to 789p after lead manager Ewan Markson-Brown quit yesterday to join Crux Asset Management. Roderick Snell, who has deputised since 2013, will become lead manager. Both managers are AAA-rated by Citywire.
Chrysalis Investments (CHRY) gained 1.4% to 213p after Klarna, the Swedish credit provider that is its top holding, raised fresh finance to hike its value to $45.6bn, including the $639m raised, from $31bn just three months ago. The uplift adds 20p or 9.7% to Chrysalis’ net asset value to 206.15p at 31 March.
Miners buoy FTSE after 27.6% ‘massive’ rebound for UK plc
Mining stocks led the FTSE 100 higher on Friday, as a record jump in annual economic growth in April indicated the strengthening recovery from the coronavirus pandemic.
The blue-chip index rose 37 points, or 0.5%, to 7,125, its highest level in a month.
The Office for National Statistics reported UK economic output in April was 27.6% higher than a year before, when the country was in the depths of the first wave. GDP rose 2.3% in April alone, marking the fastest growth since last July, though the economy remains 3.7% smaller than in February 2020 before lockdown began.
Rupert Thompson, chief investment officer at wealth manager Kingswood, described the annual GDP growth figure as ‘massive’. ‘Today’s data confirm a rapid recovery in the UK is well underway and will fuel hopes that the economy will in a few months’ time have recovered all of its pandemic-related losses,’ he said.
‘Dig into the figures and it’s not a surprise to see the service sector playing a big part. With non-essential retail back in business, hairdressers brandishing scissors once again and the opportunity for all of us to enjoy a meal al-fresco…the boost [to the service sector] was a decent 3.4%,’ said Danni Hewson, finance analyst at stock broker AJ Bell.
‘But the feeling is the recovery is lumpy and delays in lifting restrictions could make it even more bumpy. The service sector is still far below its pre-pandemic levels and many in the hospitality sector are concerned about making it through the summer if social distancing continues to constrain sales.’
Miners led the gains among blue chips, with Fresnillo (FRES) rising 2.3% to 870p, Antofagasta (ANTO) strengthening 2.1% to £15.27 and Glencore (GLEN) up 2.3% to 327p. Healthcare was another strong area, with AstraZeneca (AZN) gaining 0.9% to £83.56.
Just Eat Takeaway (JET) was the leading laggard, slipping 2.8% to £64.41, after announcing yesterday that its acquisition of Grubhub would complete next week.
AJ Bell’s investment director Russ Mould pointed out the gains for UK stocks followed a sanguine reaction to yesterday’s higher-than-expected US inflation reading, with the S&P 500 closing up 0.5%.
‘Investors may have been nervous ahead of yesterday’s US inflation numbers but despite consumer prices rising at their fastest rate since 2008, and more than economists expected, shares were up,’ he said.
‘Perhaps central banks really have convinced the markets that any rise in inflation will be short-lived and will not force them to ramp up rates too rapidly.’
The mid-cap FTSE 250 index ticked up 52 points, or 0.2%, to 22,661. Sanne Group (SNN) soared 11.8% to 864p. After the asset manager received a fifth takeover offer set at 875p per share from private equity group Cinven, its board has decided to enter into talks having quickly rebuffed previous overtures.
The US will do it's best to slow down any rise especially Fridays.
retweet & like this
https://twitter.com/DonLawson_/status/1403387462169219077
.@CentaminPlc
FYI this is what a transparent timetable looks like to develop a mine in Cote D'Ivoire c/o
@TiettoMinerals
Also, #Centamin shareholders are still waiting for a resource update & a full legal disclosure in Burkina Faso
@BlackRock_UK
@OSC_News
@Buchanan_PR
@TheFCA
I think I saw episode 39 last week, Mr Tibbles. I don't think episode 40 is available yet.
Basel III: Industry game-changer
14:52 House of Commons ignores warning ahead of EFP blow up
https://www.youtube.com/watch?v=QHpjAe4ACtQ
Some of you may find this report to the UK Parliament of interest, Andrew Maguire met with the now BOE governor to discuss the implications of precious metals markets prices manipulation and the potential risks this posed to tax payer bailed out banks
https://hansard.parliament.uk/commons/2019-07-08/debates/A6D6620D-4A27-4E45-AE04-C3D4A1DD1EC6/PreciousMetalMarkets
You can download this report should you wish.