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Still it seems things are underway now with the solar plant and it won't be too long before it will be helping to reduce AISC at Sukari.
I bought some physical silver and gold last week. I'm not a member of wallstreetsilver but I am fairly aligned with their thinking and believe physical silver and gold are a worthy investment. They're something I hope I never need but not a bad idea to have a portion of wealth there incase.
I've switched off as much as possible and I use googlemail. Same on facebook. I don't mind some companies holding info eg Nectar, Barclays Freedom Visa as I gain discounts, rewards in cash etc. But I think the way it is moving is that they will start to pay you direct when agree to tracking info so you can decide and get rewarded for it.
Been using this search engine for a couple of years both can be installed on Firefox, Bing, Vivaldi even Google web browsers.
Founded in 2008, DuckDuckGo claims to not store personal information of its users, ever.
“Our privacy policy is simple: we don’t collect or share any of your personal information,” the website’s homepage says below the main search field.
https://www.searchenginejournal.com/google-vs-duckduckgo/301997/#close
https://duckduckgo.com
Hi Nunquam,
Under the new management Centamin should do very well and as a result of Basel 3 and later 4 gold will reach a much more realistic price, so good luck with your building project & your retirement!
Yes indeed, thank you Cowichan!
A brave statement indeed, let's hope he is right and assuming of course that another variant doesn't mutate, can he guarantee this, I very much doubt it.
Experts can all to often be biased for whatever reason, or be caught out by the unexpected as we all know, how many times was Andrew Pardey caught out by the unexpected!
The UK and the lot of the ordinary people have been changed forever in many ways by the pandemic, the effects of which will become more apparent as time goes on, the present government has deceived and lied to the people on a previously unprecedented scale whilst denying them their civil liberties using enforcement agencies and by using state surveillance methods (Apps,CCTV).
The present government will use the pandemic as an an excuse not to provide to the people what they have paid their taxes for in the past and to increase the peoples taxes for the future in order to try and gloss over their failed corrupt policies and lies.
Cowichan a little harsh OK announced four years ago but there has been a pandemic and refresh of the board and it was made clear 12 months ago that there would be a delay as didn't want to import people and possible virus. so less that 3 years to undertake detailed feasibility, select right type of solar/battery system to provide satisfactory ROI ($37 million) and interact with their switchgear, then a detailed tender process, sounds a long process but a little credit please as they are actually trail blazers as the largest investment made on a mine for a solar project in fact believe largest green energy renewables project on a mine anywhere in the world.
At the same time they have a mine to run, tender for other concessions and hopefully bring in an exploration project or two to the construction phase.
Covid will no longer be circulating in Britain by August, Clive Dix, one of the UK's top vaccine experts, has predicted, as cases of the virus continue to plunge
Subscription only:
https://www.telegraph.co.uk/business/2021/05/07/britain-covid-free-august-says-vaccine-taskforce-chief/
Great week. As usual, I have sold 2/3 purely to lock in some profit and also diversify. Hoping for great news next week. However, any dips will be opportunity to buy in again. GLA
Some things don't change Mr T!
Well to create massive change you need a crisis and a bubble. Tick and Tick.
But also very low equilibrium interest rates have in the past coincided with wars, financial crises and abrupt changes in the banking system. Tick.
We hear the drums of war being beaten between the US and China. Sigh! Tick.
All good for gold!
So what's to reset?
The present financial system is archaic, contrived and inherently unstable and strongly prejudiced to the US. The US in turn have used and abused their exorbitant privilege, until it is no longer socially acceptable. The tiff with China would be more about losing their exorbitant privilege, which has to happen, for the sake of fairness and stability.
Debt is manageable when you create the debt using your own currency. But that's not what happens.
There are very clearly other alternatives in form of Central Bank Digital Currency (CBDC). ... still need some fine tuning. The potential is certainly there.
> Immediate asset availability – CBDC may be available immediately for consumers and businesses to spend, without any waiting period.
>Immediate access to liquidity – CBDC may be highly liquid, with liquidity generated instantly on demand.
>Transaction efficiency – CBDC transactions are fast and immediate, with improved efficiency that avoids lengthy back-office reconciliation processes.
>Transaction security – each transaction may be tracked and the possibility of double spending is eliminated...money laundering, offshore swirls etc
....they are trying, its just that it is taking some time...
https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp
The CBDC will be backed by real assets, and no surprises where gold will fit into that.
And for the last RESET?
The International Tax System is way overdue to be fixed. Why not make a corporation pay tax where they earn their revenue. Almost laughable that the big 4 accounting firms consult to governments to write the tax legislation, and then can paid by Corporations as to how to avoid it. Really productive stuff!
"Dirty money, tax havens and the offshore system describe the ugliest and
most secretive chapter in the history of global economic affairs. The World
Bank has reported that the flow of dirty money across borders, out of
developing countries and into rich ones, is up to ten times the amount of
foreign aid that flows the other way."
N Shaxsom, 2012
enjoy the weekend, been a good week at the office, sun is shining, birds singing
best
the gnome
"The one great principle of English law is to make business for itself!"
"We lawyers are always curious, always inquisitive, always picking up odds and ends for our patchwork minds, since there is no knowing when and where they may fit into some corner."
"Keep out of Chancery. It's being ground to bits in a slow mill; it's being roasted at a slow fire; it's being stung to death by single bees; it's being drowned by drops; it's going mad by grains."
"Houses were knocked down; streets broken through and stopped; deep pits and trenches dug in the ground; enormous heaps of earth and clay thrown up; buildings that were undermined and shaking, propped by great beams of wood. In short, the yet unfinished and unopened Railroad was in progress."
"My meaning is, that no man can expect his children to respect what he degrades."
"Lawyers hold that there are two kinds of particularly bad witnesses--a reluctant witness, and a too-willing witness."
"Veels vithin veels, a prison in a prison."
Charles Dickens
Thank you Mr Bond. - That's good. - I'm glad I misheard/misunderstood.
Great week All, enjoy the weekend- AGM next week, icing on cake will be some licensing news :-).
https://www.youtube.com/watch?v=iFWna9qBvPk
In this week’s Live from the Vault, Andrew Maguire offers a short-term outlook for gold and silver, and explains this week’s long-awaited positive price movement in the precious metals markets.
The long-time wholesaler breaks down the LBMA’s latest, desperate attempt to lobby for an exemption from Basel III. As implementation day fast approaches, Andrew Maguire reports on collusion between the LMBA and CME, in a bid to buy time to unwind massive interconnected unallocated positions.
A week on from the silver raid, the precious metals expert sends out his appreciation to the legions of silver stackers worldwide, who bought up as much as physical silver as they could afford on May 1st.
01:25? What’s next for gold and silver short term?
07:36? Volatility explained! Dips will be bought.
12:20? EFP & ETFs explained
17:00? CME and LBMA scramble to buy extra time before Basel III
21:53? CME left red-faced
31:32? Breakdown of LBMA’s desperate lobby attempts
38:00? CME advisory confirms the LBMA ring-fencing attempts backfiring
43:42? Silverback raid rattles paper markets.
It was an excellent presentation.
Thanks Don.
Rebess he said we have been producing for 12 years .The life of mine in of more than 10 .
That is now ,the exploring at Sukari tenement could raise that to another 20 possibly more. The underground workings could last much longer than that.
12 yrs. life of mine!!! - Doesn't seem very long. - The CC has more life left in it.
Watch from 2 minutes in
https://player.vimeo.com/video/539149852
Perseus Mining CEO Jeff Quartermaine will fly from Australia to the Côte d’Ivoire next week hoping to persuade the country’s new minister for mines Thomas Camara to fast-track a license to exploit gold reserves at Fimbiasso.
Progress on the license, which has been under discussion for two years, has been “painfully slow” amid a “rocky” political landscape, Quartermaine tells The Africa Report from Subiaco in western Australia.
https://www.theafricareport.com/86339/australian-miner-perseus-to-press-cote-divoire-on-fimbiasso-license
International law firm Bird & Bird has advised FTSE-250-mining group Centamin plc, on the engineering, procurement and construction contracts for the 36MW solar farm and 7.5 MW battery-energy storage system at its Sukari Gold Mine in Egypt.
The Sukari solar plant will be the largest hybrid solar project at an off-grid mining operation globally and is expected to reduce diesel fuel consumption at Sukari by an estimated 22 million litres per annum and lower carbon emissions by an estimated 60,000 tonnes CO2-e per annum. The project is scheduled to be commissioned late in H1 2022.
The Bird & Bird team advised on all the project contracts and included Energy & Utilities partner Elizabeth Reid as well as legal director Geraldine Laing and associate Hannah Roberts. Bird & Bird were well placed to advise on the project, combining its recognised international mining practice with its market leading expertise in renewables.
Francois Du Plessis, Legal Counsel at Centamin says: “It was a real pleasure to work with the Bird & Bird team on this ground-breaking project. We really appreciated the depth of their renewables expertise, understanding of Centamin’s commitment to responsible mining and the team’s focus on getting the deal done.””
Elizabeth Reid, partner in the Energy & Utilities group at Bird & Bird adds: “We were delighted to support Centamin on this exciting project to design, construct and operate the 36MW solar farm and 7.5 MW battery-energy storage system at the Sukari Gold Mine. It is a fantastic example of how co-located renewables projects can help mining companies reduce fuel consumption, greenhouse gas emissions and operating costs. I look forward to working with the team at Centamin in the future.”
--------------------------->>>
My Thoughts: Just a reminder - the Sukari solar project was first announced FOUR years ago, I hope the new CEO can seriously improve turnaround times on projects going forward.
Just the annual shareholder meeting on Monday, results July/August.
What is happening on Monday?
But that's been the deal hasn't it.. the USA would drop interest rates the americans would refinance and spend the cash... It would slosh around the US until it finally disappears off to China et al... look at the US trade deficit when it reaches $83 billion a month thats a trillion a year... Last month was $74.4 billion!
2008 was caused by banks handing out sub prime loans and then flogging them around the globe as AAA securities according to the BBC in their Trillions..Surely that was fraud??.. With goldman (our chancellors former employer.. the Swamp at work) being accused of deceiving customers.. to settle they paid a fine of 5 billion I think... which went to the government... their cut??
Cant drop interest rates anymore.. a quote from independence Day ....''Times up!''
But really the only bloke worth a listen is Peter Schiff schiffradio.com..
And I hear today on RT Boom n Bust .. the US government want to be notified on whos buying bitcoin.. for tax purposes.. there goes the confidentiality.. Theres no escaping government..
For fools they've got it pretty well tied up!.. or i should say ...For fools they've got US pretty well tied up!
Ho hum!