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Hi Mr Gnome,
Such a shame that so many of this regions presidents and the political elite are so greedy and care nothing about their own poor people.
Middle Eastern authorities could do more by controlling the export of illegally mined gold, but then so could the Western authorities and regulators, there's just not the will.
Surely a united nations task force should have been deployed to the Sahel as soon as it became apparent that the Jihadists and extremists were terrorising the local people and had taken control of the area and in order to operate illegal gold mining on such a scale?
I think one has to be careful as to what is happening
1. No scientific report has been produced to the owners off CEY as to the Geomet. Where were the samples taken, how did they know the samples were representative and so on...
2. No map has been provided to owners (us) as to what tenements are still owned by the owners.
3. There are gold occurrences north of Konkera, which are along a crustal scale NS fault. These were held and mined by relatives of the past President fo Burkina Faso. [ The presidents relatives reportedly ran a thriving gold business (which benefited them and not the populace), and rumour is they captured all of the gold from the small scale and artisinal mining groups in Burkina. Sadly a lot of the small scale mining in the northern parts of the country went into other hands https://www.reuters.com/article/us-gold-africa-islamists-special-report-idUSKBN1XW11F Sadly most of the small scale gold is smuggled out of the country illegally, avoiding benefit to the people. Sadly Burkina Faso remiains impoverished. https://www.reuters.com/investigates/special-report/gold-africa-smuggling/ ]
But if it was not for large scale gold mining the country wold be a lot lot poorer.
Enough said.
best
the gnome
Dear Don Lawson,
As per our website and corporate communications, Centamin does not hold the exploration licenses you are referring to. Exploration was carried out on these licenses in 2015-17 and no commercial discoveries were made. For further detail on the Batie West project I would refer you to the announcement made on the 27 May this year. For ease please find a link here: https://www.centamin.com/media/2403/west-african-portfolio-confirms-growth-potential.pdf .
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So then we NOW KNOW Napelapara and Wadaradoo are GONE. So I added this question to our LinkedIn thread :
---->>
Will Centamin PLC confirm Altair Resources has now purchased those previously held #burkinafaso resources Centamin PLC's shareholders financed & drilled in 2015 through 2018 as indicated in the press release below?
Altair Res. announces the signing of a binding agreement with three arm’s length private individuals.
Extensive diamond drilling, RC, trenching, air core & auger work totaling 387,000 meters have been completed. Approx. 100km of diamond drill core from previous exploration has been logged, indexed & stored, & are available for Altair’s geologists.
The May 2018 Estimate disclosed in a report by the Sellers does not comply with NI 43-101
Altair will make a cash payment of US$2.3 million to the Sellers, & upon the completion of Form 43-101 additional US$7 million.
At the end of 2nd and 3rd years an additional US$9 million.
At the end of each of the 4th and 5th years US$10 million.
Altair Chairman/CEO, “We are extremely excited to acquire such an advanced exploration asset having nearly 400 km of drilling
https://lnkd.in/eckmrDRv
Martin Horgan Craig Murray Marna Cloete Catharine Farrow Sally Eyre Ross Jerrard James Rutherford Mark Morcombe Norman Bailie Wayne Koshman
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My Thoughts:
Until we find out if indeed these Altair concessions are the missing concessions I'll reserve judgement.
But if it turns out these ARE the relinquished concessions - what then? Are shareholders just supposed to yawn and look the other way at Centamin's purposeful silence, denial and indifference?
Does this amount to criminality? Who are the three arms length individuals? Who on the board of directors approved vs resisted allowing these concessions to be relinquished and to what purpose?
Altair Resources is so very excited to get these concessions and are BOASTFUL of all the drilling and exploration work done. They are also in possession of a maiden resource estimate - no it's not yet NI 43-101 compliant but apparently it's just a matter of having the right personnel i.e. qualified geologist crunch the data already available and sign off.
Boom, instant open pit reserve/resource ready to mine.
How is that not a substantial loss to Centamin shareholders?