Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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The 'not actually lower' LOM waste to ore ratio of 6.4 to 1 CEO Horgan touted on the video presentation last week isn't the end of the bad news - look under the hood at the 'year by year' chart and you'll see the ratio actually rises substantially for each of the next 5-6 years!
the chart is found here : https://www.centamin.com/media/2996/sukari-life-of-mine-summary-oct-23.pdf
2024 6.4
2025 10.0
2026 11.4
2027 10.0
2028 11.1
2029 7.5
2030 5.8
Neither the analysts nor management discussed this upward trend. No wonder the AISC isn't scheduled to get below $1000 until 2029 - the waste stripping ratio is elevated until the next decade!
Iran has told Israel through the UN that it will intervene if the country’s operations against Hamas in Gaza continue, a report has claimed.
Israel has warned 1.1 million people living in the north of the enclave to evacuate ahead of an expected ground operation in Gaza with the IDF planning to strike the territory from land, sea and air.
https://www.independent.co.uk/news/world/middle-east/iran-israel-gaza-warning-un-b2429898.html
Iran warns that any Israeli ground offensive in the Gaza Strip could expand the scope of the conflict elsewhere in the Middle East.
https://www.aljazeera.com/news/2023/10/15/iran-warns-israel-of-regional-escalation-if-gaza-ground-offensive-launched
The post on X by Iran’s mission to the United Nations came after US media outlet Axios reported Tehran warned Israel – in an official message sent via the UN – that it would have to respond if Israel carries out a ground offensive in the Hamas-controlled Gaza Strip
https://www.smh.com.au/world/middle-east/iran-warns-of-far-reaching-consequences-if-israel-not-stopped-20231015-p5eccj.html
Missed out the word “expect” eg I did not expect the ~circa 3.5% drop….
To be clear- I did not a circa 3.5% drop here on a slight drop on gold though- the sentiment and speed of jump in gold created the gold rush last week.
Siko, you have my support, as well as Cowichan doesn't know what he is talken about or ignorant in politics.
My apology for talking about subject is not belong to this site.
Wish peace to all parties and God help us all.
Dan
SRB down, FRES down, SHG down, Hochs flat-are that all next to Gaza?
Sukari is 700km from Gaza and at least 300km from Sinai with the Suez Gulf and/or Red Sea inbetween - I'm not sure that constitutes a threat :)
Lovely new LoM plan here though.
SteveJones999, lots of 'employees' receive money for nothing or at least excessive remuneration for what they do. There are numerous examples from sports(wo)men to show hosts to politicians to consultants !!
I think the reason CEY down today is its proximity to Gaza and Israel and the pressure on Egypt for passage of Palestinian refugees from South Gaza. Also, CEY Trading Statement out this Thursday. Other Gold miners are on the rise as Gold is a safe haven.
When gold rises and so does cey people become all moral- when it starts to drop again like today- everyone will soon start moaning about it’s fall lol.
We all know the drivers of cey and what it digs out of the ground, so we all know it needs other investments to be worse, so we all know this- so why do people invest if they have a morale issue? Bizarre. Most investments have moral issues, just different levels dependant on your viewpoint- investing in stocks can be seen as getting money for nothing on the backs of other workers, others argue if they didn’t invest the workers wouldn’t have work hence no money so would be worse off- you make your choice :-).
Thank you Mr Bond.
Hi Mr Gnome,
I agree that we in the UK have a great to answer for considering it was Great Britain who decided to use Australia as a penial colony and then along with other countries went on to exploit the natural resources whilst treating the Aborigines worse than the unfortunate European livestock that were exported over there to provide A cheap source of meat.
That said what a pity then as Australia has tried to make amends for its treatment of its indigenous people that they are to be denied equal representation in Parliament
https://www.bbc.co.uk/news/world-asia-67114612
A campaign to deny Indigenous peoples a voice in Australia’s national Parliament is using tactics similar to an earlier conservative legal battle against First Nations communities in Canada, a new research paper argues.
That’s no coincidence, according to the paper’s author Jeremy Walker, because think tanks linked to these efforts in Canada and Australia belong to a secretive U.S. organization called the Atlas Network that’s received support from oil, gas and coal companies and operates in nearly 100 countries.
“The coordinated opposition to Indigenous constitutional recognition by the Australian arm of the Atlas Network we can assume is motivated by the same intentions underlying the permanent Atlas campaign against climate policy [globally],” writes Walker, a senior lecturer in social and political sciences at the University of Technology Sydney in Australia.
https://rb.gy/0bfat
Tibbs
Siko your thoughtful and gentle contributions are much appreciated by many here, as is your knowledge of Egypt, but above all I appreciate your courtesy, it would be wonderful if all here could be as courteous but we live in an age of polarisation and anger. Thank you, you are wise not to get drawn in, albeit I do hope you continue posting about the feeling in Egypt, also as servicing debt becomes harder and its economic and political ramifications.
Ashamed of ourselves. You might want to do some research on how the aboriginals have been treated, by who and when and where. You might find some funny goings on.
its a sad affair all round, but not unlike the history of other countries.
The important thing is to build a future, and not getting lost in the past, which no one really knows much about, and tends to be written by various people with various agendas and biases.
We have wasted $0.5 b which if well managed could have greatly helped out the aboriginal people who still live in poor style, and many of course do not live in poor style.
You might have seen that the only people who voted for the referendum for the voice, were the elites in Canberra, playing to their own book LOL
regards
the
Still going up when gold price drop today?
Major European markets are set to open mostly higher as investors prepare for a week packed with economic data.
During the week, market participants will receive the latest Eurozone trade balance figures, as well as the expected UK and Eurozone inflation reports.
At 8:02 am CET, the DAX lost 0.12%, while the CAC 40 fell 0.10%, and the FTSE 100 rose 0.23%. The pan-European Euro Stoxx 50 was flat.
At the same time, the euro and the British pound were up by 0.22% and 0.18% against the dollar, selling for $1.05307 and $1.21673 simultaneously.
Baha Breaking News (BBN) / JG
Gold currently off by .89% at $1913.00
Happy Monday y’al
Subsequent to the arrival of western colonists in Australia the aboriginal people have moved from a harsh, subsistence lifestyle to a more modern life leading to a large increase in life expectancy, a dramatic reduction in infant mortality and access to modern health and general lifestyle conveniences that we all take for granted.
In their 60,000 years of pre-western exposure they were unable to develop any of these things for themselves.
Your criticism of Australian people as a whole simple demonstrates another example of your uninformed, ideological bigotry.
Before you insult an entire nation maybe you should at least “fact check” your assumptions as you seem so wont to do on other issues - you muppet!
Egypt/jordan/turkey/saudi/emyrates,have i missed any
steer clear of anything associated with hamas or ezbollah(both iran backed)
No Siko carry on .
Your views are correct and most apprciated,
Thank you.
Siko,
it's impossible to defend Egypt's position , so the only option is to end debate - that is fine, just don't expect democratic minded people to gladly support Sisi's decision to prevent Palestinians from leaving - there is no 'seeing' Sisi's point of view - Sisi is a ruthless dictator that cares even less about the Palestinians than he does Egyptians - the tens of thousands of political prisoners his regime has arrested, jailed & tortured over the last >10 years is but just a little proof
Well Cowichan.. I have expressed my views politely and in an appropriate manner (I think and hope so).. and of course you had all the right to disagree and reply accordingly, so we could all express our views and have an informative exchange about this subject which have many sides for the story.
But as your tone and words were inappropriate (and I'm being polite here), so this is the last you will hear from me about this subject.
I knew I should not have spoken..
That is the most stupid & heartless justification an idiot could think of
so here's the scenario:
I am a Palestinian waiting at the Rafah border - it's because I want to leave - which should be my right
nobody, not Sisi nor Israel nor Americans can tell me I'm not allowed to leave - I want to live , and if that means I live someplace other than Gaza under Hamas dictatorship so be it
now to claim Egyptians are united in preventing Palestinians who want to leave from leaving is either a) an indication a whole nation is heartless or b) an indication Egyptians would rather Palestinians die than give what they perceive to be a 'win' to Israel
either option is a disgrace to any nation - but hey, if Siko says it's true who am I to disagree
additionally , I don't buy the crocodile tears anybody would express at the plight of Palestine while they hold the view Palestinians shouldn't be allowed to flee into Egypt and beyond -
I doubt Islam condones allowing innocent people to die for the sake of one's hatred of the Jews - but hey, maybe it does
Maybe justice.
Mr Tibbles ,attitudes change.
Mintabie an opal mining area was given back to indegenous people , no ,more mining there for outsiders .
They had to leave by a fixed date, if their equipment was not out by that time it was left
Hi Mr Gnome,
Australia should be ashamed of itself, after all the indigenous people have been treated appallingly ever since the invasion and occupation of Australia by colonial ists