Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Mr T. I just don’t know which way gold will go just now, and I don’t think anyone does, these are very unusual financial times. However if it falls another 20%, as it has since Aug in sterling, then we would be loss making, if it rises back 20% we would be making very good profits. Either way the company definitely should not give up, nor us holders who should be realistic that we might have to wait a couple of years for the mining to improve for this to come good. Or much sooner if gold turns back up. And Thanks Steve Jones for the kitco link, tho even more depressing than me, suggesting $1600 next week, but an eventual recovery. - $1600 gold would see Cey back in the 70’s I guess but I very much hope not.
A final thought when I am totally gloomy the market usually turns, proving me quite wrong, maybe I am not gloomy enough yet
@ mrT you always seem to think the EU is some utopian dream well tell that to the Greeks. As I told you before I had a house in Spain over twenty years with neighbours from all countries. You think the Spanish have a wonderful with politicians who are perfect well go and have a look at airports that will never see a plane or houses that the land was never paid for so people got thrown out. You talk about Egypt and money in plastic bags you think that doesn't happen in Europe. Have you ever been to Europe me T. One thing our German neighbours use to say in Spain the northern part of the EU did the work and paid the cost.
Oh I certainly appreciate the garden and all wildlife, which is why I am so incensed by our bigoted politician policies of destroying so much of it needlessly, not to mention allowing the bee killing insecticides to be used again since the UK left the EU.
The UK is in an unnecessary a mess brought about by misguided political policies and bare faced lies which will become more apparent as time goes on and unfortunately putting up the union jack and wearing rose coloured spectacles wot make it any better.
To be honest I see nothing to be arrogant or proud about when our government has made us look very foolish and inward thinking in the 21st century
@Mr T Mr T I am sure we could all sit and whine about the state of the nation. Most of us don't. I am just going to say this to you if you where born in the UK you got a very good lottery ticket. I for one love my country is it perfect no !would you have had a better life born somewhere else so sometimes instead of keep hammering it why don't you sit in your garden (assumption) and think your either going to go out and start you own political party and fight for your very very strong beliefs or give our country a break.
Some confusion amongst many people it seems ?
What happened to the British billion? When did 100,000,000 become accepted as a billion over here? And where does this leave the trillion?
https://www.theguardian.com/notesandqueries/query/0,5753,-61424,00.html
The British billion is 1000,000,000 as elsewhere.
The 'old' billion was 1000,000,000,000; this is now the trillion.
For global communication uniformity is essential. This has been demonstrated by the loss of time and hardware in space when metric units were misinterpreted as 'imperial'.
Hi Steve,
I agree, it's getting some balance at times like this otherwise we would be in danger of slitting our wrist's!
Much of what the experts predict on Kitco should be correct or turn out to be the case were it not for the fact that they aren't pulling the levers behind the scenes or in a position to be able to manipulate present and future world events, political fiscal policy and thinking of the day or indeed the markets.
The experts base so much on what happened in the past, but seem to forget that politicians just don't care and are quite willing and it seems able to just keep kicking the can down the road and saying what they think will get them reelected.
The pandemic has provided politicians the world over with the ideal excuse to hide so much and give them an get out of jail free card and the majority of the public will be duped and end up paying the bill, yet again!
Look at the state of the UK, what a mess, £70billion on a an unneeded railway, trillions on an aircraft carrier that is really yesterdays way of fighting, underfunded and inadequate health and social care and a shambolic exit from the open market of Europe on which so many livelihoods depend!
But give all your political mates preferential NHS pandemic contracts and the public their vaccinations , then blame covid and Europe for everything that's gone wrong the need to screw the ordinary people again, lie through your teeth and get and get reelected!
@Stevejones999 Thanks for that Steve your not to optimistic I like to read what you have to say you are down to earth but in a upbeat way.I did smile though I find what Sotolo tells us very interesting and always full of facts but I do expect to grimace a little knowing it will be slightly depressing. Let's hope for a better week lynn
This is an interesting article, although I do read Kitco, I normally take with a pinch of salt, as way too optimistic (the reverse of Sotolo :-), only joking). The article is balanced, and clearly explains the issues last week, with potential outcomes- of course, no one knows, but hopefully with the FED due to comment again, the situation will not worsen.
https://www.kitco.com/news/2021-02-26/Losing-streak-Gold-price-down-nearly-200-since-start-of-the-year-what-s-next.html
For holders, 11MAR2021 is key for me, figures should be strong, interested on cost savings, and progress with remedial work on mine. Permit news I need too- I've mailed them twice since others got their permits, and got the same response, they won't commit on timeframe.
We have moved pretty much in line with other PMs since the 2 big hits on Oct2020- all the issues you list were known then and yet we moved up into the 130's and then back down again with markets and gold.
Good old Sotolo,
You put a lot of work in to your calculations and predictions and you mean well, let's ope that things do turn around for the better under Martin Horgan's new strategy.
Don't forget basil 3 should help to lift the gold price mid way through this year which is why the central banks are keen to buy as much gold as they can at a manipulated down bargain price now!
For Gods sake really! They might as well shut the mine with that kind of mindset?
a million million in a British trillion,
And in reply to where the bottom for Cey is, who knows? If gold is in a long down wave as rates rise then Cey could go a lot lower as/if it enters loss this year, with such high costs; however there should be a big gold bounce in the not too distant future before the fall continues taking Cey up, and next year we should look forward to 2023 when our break even point falls by $300 or so, hoping gold doesn’t fall by more. And we have the huge divi tho a couple of years of losses might mean that is revisited. Or we could have hit the bottom in gold and shoot up from here but I don’t think so
Goldgnome.
There is a thousand million in a billion and a thousand billion in a trillion in todays common numerical understanding.
So to be exact, a trillion is 1,000,000,000,000
Having got through my 3rd self quarantine, after doing something as daft as flying from one Nation State in Oz to another, I remain bemused by the word recovery. Let alone global recovery. The world will recover as it has numerous times before, from the latest virus, but recovery from the gross stupidity of numerous governments is a bridge too far. Dokavitch won the Australian Open Tennis in superb style, and the Tournament wedged and hedged by Victorian Government State lock downs, looks like running an $80m loss, which has taken out Australian Tennis's cash! Now we hear about Australia Govt is not printing enough money to be competitive with other Governments, and so the A$ is acendant.The battle continues, “Otherwise, the House looks set to approve the $US1.9 trillion fiscal package over the weekend, with the debate set to shift to the Senate as President Joe Biden pushes for a deal to be finalised by the middle of March.”billions are a thing of the past we need trillions. For those wanting to get into the exact science thats 1,000,000,000,000,000,000 and for those for fondness of history a billion is 1,000,000,000 Thats an increase of 3 orders of magnitude for those with physics degrees.The rush to the housing market in Oz is on! The equities is too hard, and their paper might end up being worth as much as the Fiat paper I guess is the thought.The January personal income data in Oz and spending released on Friday showed incomes surging by 10 per cent month over month as a result of December’s fiscal package (!!!), which helped drive a 2 per cent month over month rise in real personal spending. So we have QE led spending spruiking the stats, what a lovely way to bat out of a recession...and on the show goes, but who pays for it??? good luck puntersthe Gnome