The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Started: RazorsEdge, Today 07:09
Last post: RazorsEdge, Today 07:09
Equities in Europe traded mostly flat during Friday's premarket session ahead of the updates on Germany's gross domestic product (GDP) and following the mild results shown in the ones on the United Kingdom's retail sales and consumer confidence.
The DAX, the CAC 40, and the Eurostoxx stood flat at 8:00 am CET. Simultaneously, the FTSE 100 lost 0.19%.
The euro stood flat against the dollar at 8:02 am CET to sell for $1.08103. A minute later, the pound sterling lost 0.12% to the United States currency to change hands for $1.26848.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend.
Gold currently $2337.13
Started: RazorsEdge, 20 May 2024 06:56
Last post: ADT1, 23 May 2024 22:44
Well placed
OK so someone with knowledge seems confident so that is good to hear and I am likewise confident that once the waste contract which is a cost to the bottom line regardless how it is treated in the accounts is finished then Horgan and his team will be managing a mine not a development project.
Any new projects where a contractor is used needs to have a contribution adding value to the bottom line.
Centamin are no different to any other mining companies like Barrick, Resolute, AngloGold Ashanti and many others who use contractors when it suits them.
The only reason I mention Capital is because they have equipment on the ground and any other contractor will struggle to compete.
My knowledge of Capital as a "mining" contractor is zero and I would prefer contractors that I know well but as I say they would struggle to compete.
Hi Dasut,
Good or bad idea didn't get covered, I just assumed that if it wasn't a good idea and worthwhile then they wouldn't still be have such sizeable holdings in both the client and contracting companies, if they had said they were selling out then it may well be time to seriously consider doing the same, but they seemed confident, so I hope they are right, because I still have some nagging doubts!
I asked if they might consider posting on this forum again, but they feel that their situation dictates that its best not to post on any forum at all for the foreseeable future.
They will be back in Eygpt by now and possibly I may hear from them again over the coming weeks or when they are next back in the UK
So fingers crossed that things turn out well for everyone after all!
Tibbs, Did your old forum contact think the possible scenarios you discussed to be good ideas and worthwhile projects that would add value or did he think that they were unnecessary expensive waste of time and money?
Tibbs not necessarily a coincidence more based on previous experiences on other mines. I have said previously that I have no issues with contractors because they can in most cases out perform owner miners because of efficiencies to meet production targets.
Leach pads whilst not as efficient as the plant is considerably cheaper when processing low grade ore.
This is only one project that I would be looking at and if there was another area that needs developing such as Little Sukari then a fleet of equipment already on the ground could fit the bill. As I say no facts just thoughts and even a "real" contract mining project could improve ounces particularly at the current GP.
Another flexibility that Horgan and his team could exploit.
Started: Cowichan, 23 May 2024 20:45
Last post: Cowichan, 23 May 2024 20:45
New job, changing the hydraulic mining shovel slewring
Mantrac Egypt
Caterpillar Inc.
SUKARI GOLD MINES
https://www.linkedin.com/posts/moataz-khaled-718788205_new-job-changing-the-hydraulic-mining-shovel-activity-7197579848590995456-y1EF
Started: RazorsEdge, 23 May 2024 07:13
Last post: RazorsEdge, 23 May 2024 07:13
Major European markets traded mixed on Thursday's premarket as investors awaited the latest batch of preliminary business activity and manufacturing sector data from Germany, the United Kingdom and the Eurozone in May.
Furthermore, British Prime Minister Rishi Sunak has called a national election for July 4, putting an end to months of speculation surrounding the timing of the election.
At 8:08 am CET, the German DAX lost 0.18% and the CAC 40 declined by 0.16%. On the other hand, the FTSE 100 gained 0.06% and the pan-European Euro Stoxx 50 added 0.19%. Two minutes later, on the currency front, the euro and the British pound were flat against the dollar, selling for $1.08240 and $1.27242.
Baha Breaking News (BBN) / RR
Gold currently $2362.48
Started: Cowichan, 22 May 2024 19:56
Last post: DASUT, 22 May 2024 20:32
Cowichan at the age of 76 doubt I could work for Capital and I am still an investor ONLY interested in Centamin being profitable. I have no investment in Capital and only ever knew a few of the hands on drilling guys who operated out of Mwanza in Tanzania and on the odd occasion visited the Tilapia Hotel bar, which was a known watering hole for expats and back in the day was about the only half decent hotel in the region.
Havnt you got tired of your multi personalities.
A good example of Dr Jekyl and Mr Hyde.
Its not good to feed trolls , like it says in parks and zoos , dont feed the animals fish or birds they just return for more,
Oops maybe sanctions for me ;-)
Cuz he sounds afully like a troll for the dirty corporation monkeez -
and what ever happen to Steve-o? Suppose MrBond/Mizolgit/Steve got tired of all his multiple personalities -
Started: Cowichan, 22 May 2024 20:17
Last post: Cowichan, 22 May 2024 20:17
CAIRO – 20 May 2024: Minister of Finance, Mohamed Maait, has revealed projections for Suez Canal revenues, to decline by around 60 percent due to tensions in the nearby Red Sea.
In a statement, Maait highlighted the impact of global and regional crises on Egypt's economy, particularly through soaring inflation.
He emphasized that the expenditure on supporting petroleum resources has surged, nearing LE 200 billion.
This rise can be attributed to the global price hike, escalating shipping costs, and the fluctuation in the exchange rate against the dollar.
Maait confirmed that the increase in public expenditures has accompanied the decline in Suez Canal revenues.
The minister explained that the state treasury faces additional burdens, including higher financing costs driven by rising interest rates and exchange rate changes.
https://www.egypttoday.com/Article/3/132413/Suez-Canal-revenues-to-decline-by-60-amid-regional-tensions
------------------------>>>>
Seizing gold assets may become a 'strategic imperative' as Egypt's economy implodes... Sisi may even hand it over to a Ruzzian conglomerate seeking 'better management' of assets - the Capital waste contract cited as an unjustified expense - gov't officials are talking about it
Additionally nobody asked Mr Horgan how much the CBE now owes Centamin from historic gold 'purchases' $100 million ++ ? Centamin shareholders are in a deep sleep, avoiding reality
Started: mrtibbles, 22 May 2024 10:06
Last post: mrtibbles, 22 May 2024 10:06
Some of us myself included have expressed concerns over possible corruption in the Eygptian government, but it seems that greedy Canadian corporates are all too willing to try and bribe principled locals in area's of Africa so that they can pollute and exploit endangered environments far away from their own Canadian back yard!
Dear friends,
ReconAfrica, a Canadian oil and gas company tried to silence me with a bribe and a job offer.
But my people are tired of corruption, and we will not remain silent as this oil giant threatens us, our rights and pushes wildlife closer to extinction.
I'm Thomas Muronga, Chair of the Kapinga Kamwalye Community Conservancy.
In our ancestral home, we've safeguarded iconic species like lions and giraffes, but Africa's elephants, once 26 million strong, have dwindled to under 450,000. The largest remaining elephant herd in Africa, a mere 130,000, that call the Okavango home, teeters on the brink, threatened by ReconAfrica. Can you imagine them no longer existing?
In June 2022, we joined the Economic and Social Justice Trust, an advocacy group fighting corruption and advocating for rights in Namibia, in a massive appeal against Minister Pohamba Shifeta's approval of ReconAfrica's exploitative activities, despite its blatant violations of rights and laws.
But after two years, we still have NO ruling. Meanwhile ReconAfrica can continue to pillage and disembowel our land and our livelihoods -- completely unchecked.
Join our global call NOW to tell Minister Pohamba Shifeta to stop delaying a decision and save the Okavango Delta! For its people, my people and its magnificent wildlife
https://secure.avaaz.org/campaign/en/okavango_loc/
Started: RazorsEdge, 22 May 2024 06:59
Last post: RazorsEdge, 22 May 2024 06:59
European stocks are set to open mostly higher on Wednesday as markets continue to fluctuate due to concerns about inflation and interest rates.
Today, investors in the UK will closely watch the latest inflation figures. Economists predict a significant drop in the April data driven by lower household energy costs.
The DAX and the CAC 40 were unchanged at 7:53 am CET, while the FTSE 100 increased by 0.14%. A minute later, the pan-European Euro Stoxx 50 increased by 0.18%.
On the currency front, the euro and the British pound were flat against the dollar at 7:54 a.m. CET, selling for $1.08559 and $1.27116, respectively.
Baha Breaking News (BBN) / JG
Happy hump y’al
Gold currently $2416.36
Last post: mrtibbles, 21 May 2024 23:32
Centamin (GB:CEY) has released an update.
Centamin PLC successfully held its Annual General Meeting on May 21, 2024, where all resolutions were passed with a clear majority, including the approval of the annual accounts, dividend declarations, and director re-elections. Approximately 71% of the eligible share capital was voted, and the detailed results are accessible on the company’s website.
The AGM also marked the retirement of Dr. Ibrahim Fawzy from the Board.
https://www.tipranks.com/stocks/gb:cey
Started: mrtibbles, 21 May 2024 15:32
Last post: mrtibbles, 21 May 2024 15:32
Centamin held its Annual General Meeting ("AGM") today, 21 May 2024, and announces that all resolutions set out in the Notice of AGM were put to the AGM on a poll and were passed with the requisite majority. The full results are detailed in the table below.
The Company's issued share capital eligible to be voted at the AGM was 1,161,082,695 ordinary shares and approximately 71% of the Company's issued share capital were voted at the AGM.
In accordance with LR 9.6.2R, a copy of the results of the AGM, along with a copy of resolutions passed other than those concerning ordinary business at the AGM, have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The scrutineers of the poll were Computershare Investor Services (Jersey) Limited. The full text of each of the resolutions is set out in the Notice of AGM, a copy of which is available on the Centamin website (https://www.centamin.com/investors/shares-dividends/shareholder-meetings/).
As announced on 21 March 2024, Dr Ibrahim Fawzy, Non-Executive Director, has retired from the Board as a Director effective from the close of the AGM today. The Board and mananagement thank Dr Ibrahim Fawzy for the invaluable contribution during his tenure as a Board member.
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc
Michael Stoner, Head of Corporate
investor@centaminplc.com
FTI Consulting
Ben Brewerton / Sara Powell / Nick Hennis
+442037271000
centamin@fticonsulting.com
___________________________________________________________________
Started: mrtibbles, 21 May 2024 09:41
Last post: mrtibbles, 21 May 2024 09:41
0940 am Gold has only come off 0.49% and yet Cey share price is knocked back 1.33%, even at this price Centamin should be higher but it seems to still suffer from a lack of market belief in the company .
Continued excuses and can kicking don't encourage confidence!
Started: RazorsEdge, 21 May 2024 07:01
Last post: RazorsEdge, 21 May 2024 07:01
Major stock indexes in Europe traded lower on Tuesday premarket ahead of publishing a new batch of economic data.
Kingfisher, Smiths Group, Fresnillo, and Generali will report earnings during the session. Eurozone trade balance and construction data for March are also due today.
At 7:55 am CET, the DAX lost 0.14%, the CAC 40 fell 0.10%, and the FTSE 100 declined 0.21%. The pan-European Euro Stoxx 50 inched down 0.16% a minute later.
The euro and the British pound were flat against the dollar at 7:56 am CET, selling for $1.08574 and $1.27090, respectively.
Baha Breaking News (BBN) / JG
Gold currently $2416.01
Started: goldgnome, 19 May 2024 17:43
Last post: mrtibbles, 20 May 2024 11:52
Excellent Mr Gnome!
IT HURTS, BUT WHY DO PEOPLE NOT RECOGNISE THE GAME THAT IS BEING PLAYED AT THEIR EXPENSE ...
https://www.racket.news/p/magic-monetary-theory-goes-primetime?utm_source=post-email-title&publication_id=1042&post_id=144720339&utm_campaign=email-post-title&isFreemail=true&r=wr1ai&triedRedirect=true&utm_medium=email
Started: RazorsEdge, 20 May 2024 07:03
Last post: RazorsEdge, 20 May 2024 07:03
Major European stock indexes traded mixed in the premarket session on Monday, following the release of April’s inflation data from the Eurozone which showed the figure remaining at 2.4%. Last week, investors also received inflation data from Italy, Spain and the United States. On Wednesday, market participants will be attentive to April’s consumer and producer prices that will be published in the United Kingdom.
At 8:00 am CET, the FTSE 100 rose 0.19% while the Euro Stoxx 50 gained 0.09%. The DAX lost 0.08% and the CAC 40 went 0.17% down.
The euro gained 0.12% against the dollar at 7:58 am CET, selling for $1.08818. Meanwhile, the pound traded flat against the US currency to go for $1.27070 simultaneously.
Baha Breaking News (BBN) / AC
Happy Monday y’al
Started: mrtibbles, 17 May 2024 20:38
Last post: mrtibbles, 17 May 2024 20:43
The Times’s Maxim Tucker reports from inside Ukraine where he has been with troops on the front at Lyptsi and Vovchansk. He says Ukrainians are “even more galvanised” to find new ways to “outsmart" Putin inside Russia, to fight back against the offensive in Kharkiv.
https://www.youtube.com/watch?v=XaeYcpFFyk8
📻 Listen to Times Radio - https://www.thetimes.co.uk/radio
Break the Fake!
https://www.youtube.com/watch?v=uMJsV0guj1Q
17 May 2024 #ChinaRussiaAlliance #WestConcerns #PutinChinaVisit
Vladimir Putin's latest visit to China comes as Russia's dependence has increased in the face of crippling western sanctions imposed over its invasion of Ukraine.
Although it's not directly supplied Moscow with weapons, the flow of Chinese technology and goods have helped its war effort. Western powers are increasingly troubled by this deepening friendship.
Will this collaboration extend beyond their borders?
https://www.youtube.com/watch?v=xZxW1RPAdj8
Started: mrtibbles, 17 May 2024 20:18
Last post: mrtibbles, 17 May 2024 20:21
Another 5 New Countries Seeking To Join BRICS Alliance!
7 May 2024
A handful of developing countries are looking to join the BRICS alliance to break free from the US-dominated financial system. Developing countries in Asia, Africa, and Latin America find the bloc lucrative and can help their respective economies to thrive. Moreover, the de-dollarization initiative is the bind that holds them together as developing economies want to cut ties with the US dollar.
1. Bolivia 2. Cameroon 3. Cuba 4. Syria 5. Zimbabwe
https://www.youtube.com/watch?v=9eiqa15vj_g
Also Read: https://watcher.guru/news/5-new-count...
17 May 2024
In this week’s episode of Live from the Vault, Andrew Maguire guides listeners through the latest developments around the new BRICS currency, surging Chinese gold demand, and pivotal findings from the IMF’s latest report.
The seasoned precious metals expert addresses the community’s fervent questions on the escalating paper vs. physical gold battle, while providing crucial updates on the short-term market outlook.
https://www.youtube.com/watch?v=NMr8wS04NcU
IMF Link: https://www.imf.org/en/News/Articles/...
Ask your questions for Andy here: https://forum.kinesis.money/forums/qu...
Started: RazorsEdge, 17 May 2024 17:41
Last post: RazorsEdge, 17 May 2024 17:41
The prices of precious metals continued to rally on Friday as silver skyrocketed 4%, remaining at its highest value since February 2013. A batch of new economic releases seemingly spurred demand for the metal.
Silver shot up 4.10% at 12:27 pm ET, going for $30.80. A minute later, gold jumped 1.51% to $2,412.40, platinum surged 1.47% to $1,079.04 and palladium advanced 0.49%, selling at $991.69.
Baha Breaking News (BBN) / AY
Gold currently $2411.00
Started: RazorsEdge, 17 May 2024 07:03
Last post: mrtibbles, 17 May 2024 15:53
Hi Dark Knight,
I don't know if you are new to this share but this is nothing out of the ordinary for the Centamin share price, it has been the norm for longer than I care to remember now!
It is Friday afternoon and the CFD traders will be bailing out in case there is bad rews over the weekend , they regard being in a share for two days almost like a decade!
The price of PM could go through the roof and and Centamin might click up a few pence or two!
That said though if the PM prices come off $10 then likely the Centamin share price will take a real spanking down!
It's related to the lack of confidence in the company, the price of the Sukari clear up operation and that Martin Horgan and his team have yet to actually deliver on their promised guidance and a much reduced AISC!
Pms sky high.and this hasn't moved lol crazy surley ?
Equities in Europe traded mostly in the flat territory during Friday's premarket session as investors anticipated the latest report on inflation in the Eurozone.
The DAX, the Eurostoxx 50, and the FTSE 100 stood flat at 8:00 am CET. Meanwhile, the CAC 40 rose by 0.14%.
The euro stood flat against the dollar at 7:58 am CET to sell for $1.08617. Simultaneously, the pound sterling lost 0.06% to the United States currency to change hands for $1.26616.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend.
Gold currently $2381.20
Started: RazorsEdge, 16 May 2024 07:04
Last post: RazorsEdge, 16 May 2024 07:04
Equities in Europe traded mixed during Thursday's premarket as investors geared up for the update on inflation in the Eurozone, scheduled for Friday.
The DAX lost 0.10% at 8:00 am CET. At that minute, the FTSE 100 grew by 0.30%. The CAC 40 gained 0.17%. The Eurostoxx 50 stood flat.
The euro and the pound sterling both stood flat at 8:00 am CET to sell for $1.08805 and $1.26832, respectively.
Baha Breaking News (BBN) / JR
Gold currently $2389.20
Started: RazorsEdge, 15 May 2024 20:06
Last post: Herbieridesaga, 16 May 2024 05:50
Yep Copper spiked and pulled back nut its up again this morning. Silver played catch up and will continue to do so. Gold has been tracking silver for a long time, CEY will follow gold. This should be a rousing end to the week !!!
Yep as per usual, it’s all about data!
The prices of precious metals continued to advance on Wednesday after the United States reported a weaker-than-expected increase in inflation in April, apparently raising optimism with investors that the Federal Reserve could consider cutting its interest rates in the near future.
Silver soared by 3.11% at 1:17 pm ET to sell for $29.50 per ounce. At that minute, gold went up by 1.31% to go for $2,388.55 per ounce. Platinum gained 2.25% at 1:18 pm ET, selling for $1,060.59 per ounce. Meanwhile, palladium surged by 2.55% to go for $993.70 per ounce.
Baha Breaking News (BBN) / RR
Gold currently $2385.89
Last post: nunquam, 15 May 2024 13:53
Many thanks Mr Tibbs
My theory with Hunting is that they sell equipment to oil companies. A bit like the theory of selling equipment to prospectors rather than being a prospector your self. Similar to my feeling of buying gold miners rather than physical gold . Gold is a good store of wealth but not an asset, in that it produces no income . In the same way a good house that you live in can be a store of wealth . I did feel that buy to lets we a good asset to hold but one needs to be careful about how to hold buy to lets . I now have to pay for my wife carers because she is co owner of our buy to lets . Still I am lucky to be able to pay and to have her home. On a happier note another grandchild safely delivered this week :) . Although the parents may need my financial help in buying a larger house !
Oh yes and Hunting do pay a dividend . My late father was keen on shares and Isa's he almost never bought a company that did not pay a dividend.
Hi Nunquam,
centamin should be now, unfortunately we are still paying the price for behaviour of the previous"Fred Carno'sCircus"act that were masquerading as mining company management!
I had'nt heard of Hunting until your post , they seem quite a decent outfit and I'm glad you are having some success with them, no dividend as yet but possibly that may change.
https://www.equitydevelopment.co.uk/research/record-order-boosts-momentum-and-firms-guidance
My second biggest too, after Hochschild
Reasonably content today. Centamin now my second biggest share holding as Hunting now my largest holding. :)
Started: RazorsEdge, 15 May 2024 07:03
Last post: RazorsEdge, 15 May 2024 07:03
Major stock exchanges in Europe traded with gains in the premarket on Wednesday as investors looked forward to the GDP report for the euro area, which will be released after the opening bell. Meanwhile, Allianz, Commerzbank, E.ON, RWE, and Thyssenkrupp all unveiled their quarterly financial statements.
The DAX added 0.14% at 8:00 am CET. At the same time, the Euro Stoxx 50 was up 0.35%, and the FTSE 100 increased 0.25%. At 8:01 am CET, the CAC 40 gained 0.15%.
The euro traded 0.07% higher against the dollar at 7:59 am CET, changing hands for 1.08268. Simultaneously, the pound was flat against the greenback, going for 1.25977.
Baha Breaking News (BBN) / AY
Happy hump y’al
Gold currently $2359.04
Started: Cowichan, 6 May 2024 03:22
Last post: mrtibbles, 14 May 2024 11:59
Thank you Dasut, I mentioned Trevor Schultz as an example of someone who had the relevant qualifications and experience, those that followed him didn't seem to be of the same calibre!
As to Youssef's job title well it seems to have been just about inappropriate as it could possibly get and whoever came up with it didn't have much idea as it was misleading and inappropriate, for instance shareholders understandably would assume the Sukari general manger would be appropriately qualified and experienced, this seems to be the case in the majority of other mining companies I am informed, but Sukari had an ex police captain and I doubt that running a gold mining is on the Eygptian police academy curriculum!
Whilst I don't agree with the way far too many companies are willing to go along with the greasing of palms or cajoling the all too often corrupt, incompetent and greedy governments in many African developing countries, I can begrudgingly understand the rationale behind appointing Youssef into a senior role.
But that said, assuming there was someone managing the Sukari operation behind the scenes then should they should have had he appropriate title as it seems now that Youssef's role was more being an acceptable face who was fluent in the language and competent in the Egyptian way of doing things and so able to rub along with the ruling officialdom.
Possibly more appropriate title for Youssef could have been something like "Regional Business and Governmental Relations Manager", this sounds appropriately quite grand enough to impress the various officialdom he would expectorated to rub along with.
So lets hope that now at long last things have really changed for the better and that the progress being made now is far less erratic than in the past and importantly sustainable!
Tibbs, You need to have worked in a developing country in a position involved in hiring to understand the needs and how extremely difficult it is to juggle the skill level requirements within strict expatriate quotas. Job titles are difficult to write and sometimes these jobs may only be filled by Nationals not imported expatriates, but if the senior role is filled by a National then can maybe open up a couple of vital expatriate positions working for that National.
I am not defending what has happened over the last few years but at the same time Centamin wouldn't exist had it not been for a number of years of very hard work by Sami, Josef and a few others in the early years.
It isn't just nostalgia it is hard facts and often the horses for courses go off track or are led astray or can't stay the course.
Not sure why you mentioned the Trevor Schultz blip but Trevor left because it was time to retire, Harry Michael died young and very suddenly and Josef never intended to be an active hands on CEO he always knew his limitations hence role as Chairman. Unfortunately as I thoroughly agree he didn't see the incompetence of a couple of so called hands on experienced individuals, there was for a short time a reluctant accountant as acting CEO what a nonsense. Thankfully the ship is hopefully now back on course and this next 6 months or so will prove some good employment decisions were made.
hi dasut,
nostalgia has it's it place.
point taken unfortunately josef was like so may brokers,very good at selling the product and encouraging people to invest but of his lack of understanding the shop floor fundamentals of the business he was unable to challenged the professional capabilities of new appointments made to replace the likes of trevor schultz for example.
https://www.glasslewis.com/musical-chairs-centamin-director-voted-off-board-reappointed-immediately/
https://*********************/newsfeed/article/retirement-of-non-executive-director-762146
whilst i also accept ,although i cannot agree with entirely that it seems to be custom and practice in order to do business in these types of countries the company needs too have on the payroll a mediator based on their popularity with the ruling ''mob" if youssef wasn't capable of fulfilling the role of sukari general manager fully then he should have been given a more appropriate or fitting title,by not doing so is not being entirely honest with shareholders or the market.
Tibbs I agree but Josef didn't do badly in the early years and from zero he got the mine up and running, problem was he didn't see the incompetence of so called professionals who replaced his original very experienced and highly professional team and people I had dealt with over many years on different mines.
As for uncle Youssef he was never involved as a hands on General Manager they had Mine Managers doing the hands on day to day stuff. He was well connected political senior manager a position you will see in all developing businesses in developing countries. Josef didn't speak Arabic he is a born and bread Aussie and he needed someone to understand the local politics that he could trust. Even his dad Sami lived most of his successful career in Australia and wasn't therefore as well connected, bearing in mind mining was in it's infancy back in the early 2000's. Like it or hate it unfortunately it is the way of the world and things like expatriate employment quotas mean taking some difficult employment decisions.
Hindsight is wonderful but take a look at the gold price in the late 1990's early 2000's when Sami and Josef were trying to get investment for the then Pharoah Gold. It is easy to criticize but as I say credit where credit is due getting a resource up and running isn't easy and this is where Josef has the skills (Not Mining skills).
Thank you Dasut, but also about a appointing the suitability qualified personnel who will implement the most suitable mining methodology to exploit and develop the reserve.
Started: RazorsEdge, 14 May 2024 07:02
Last post: RazorsEdge, 14 May 2024 07:02
European markets traded mixed during premarket hours on Tuesday in anticipation of inflation data for Germany and Spain, joined by unemployment figures for Britain, and producer and import prices report in Switzerland.
On the corporate front, Bayer shared that its opening quarter sales were down 4.3% year-over-year to €13.7 billion.
Frankfurt's DAX was flat.
The CAC 40 was up 0.07%.
The Euro Stoxx 50 was flat.
London's FTSE 100 declined 0.07%.
The euro and the pound sterling were flat against the dollar, selling at $1.07861 and $1.25533 at 7:58 am CET.
Baha Breaking News (BBN) / AB
Gold currently $2344.20
Started: SteveJones999, 10 May 2024 07:52
Last post: NoelShempsky, 13 May 2024 19:26
KWN has a follow up article to Michael Oliver's Gold’s Upside Acceleration Phase - "More Proof Gold Has Entered Upside Acceleration Phase, Plus To Cut Or Not To Cut?"
https://kingworldnews.com/more-proof-gold-has-entered-upside-acceleration-phase-plus-to-cut-or-not-to-cut/
In it - "While Jay Powell could change her mind, as can the economic data, Fed Governor Michelle Bowman said on Friday “I, at this point, have not written in any cuts” for 2024. “I’ve sort of had an even expectation of staying where we are for longer. And that continues to be my base case.” She continued by saying “It is of utmost importance that we maintain credibility in pursuing our fight against inflation by proceeding carefully and deliberately to achieve our 2% goal.” As a Governor, what she says matters but we know any new data point could change her opinion."
“It often seems that trends create events more than events create trends. The event itself is usually a reflection of everyone getting it as Ed Seykota calls it an ha ha. By this time, the trend followers usually have well established positions.”Jason Russell
"Sureley if the Gov were serious about reducing their deficit,then cut military spending and military aid to pretend to end other peoples wars, rather than negotiatons, but no ,they prefer to keep military arms contractors busy ,probably the USs biggest exporter. " - yes, they can always find money for war.
War is inflationary - good for gold.
I am not sure his analysis was right, higher interest rates would mean the deficit rising on increasing the bond interest payments,
Sureley if the Gov were serious about reducing their deficit,then cut military spending and military aid to pretend to end other peoples wars, rather than negotiatons, but no ,they prefer to keep military arms contractors busy ,probably the USs biggest exporter.
A very vicious circle.
Or simply sell some of their supposed ,Gold reserves. But that might be difficult ,even if they have not already sold them several times in paper promises.
"GOLD, SILVER MANIA: One Of Michael Oliver’s Most Important Interviews Ever"
"... fasten your seatbelt, this is the acceleration phase. This is the point in the gold bull trend where if you’re not there, you’re going to miss it ..."
https://kingworldnews.com/gold-silver-mania-one-of-michael-olivers-most-important-interviews-ever/
Will he be proved right? I think so.