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Don't think there is any offer coming, more likely a more regular flow of upbeat news which will make any would be suitors realise they would have to dig much deeper into their pockets to be taken seriously!
Hi Super!
Haven't heard much from you recently, good to her from you now though!
I am hesitant to say too much because I don't want to jinx things, but things seem increasingly upbeat at last!
Hi Mr Gnome,
How many times as so much suffering been caused by arbitrary drawing of lines on a map, Great Britain was one of the worst culprits!
Unfortunately it is always the ordinary people who just want to live their lives that get hurt in the power struggles of our ruling classes.
Things have been made worse by the rise of nationalism and the policies of closing borders to try and restore Utopias that never were!
Trumps trade wars and even Brexit have caused conflict and division when for years previously society was increasingly dependant upon relatively open borders free flowing global supply chains.
If only those world leaders would put the same amount of effort, resources and money into working together to save our plant and all its inhabitants it would be fantastic!
Is VE a divi -player ? Because the ex div date will be announced soon, I think.
Agree increased share from Van E - could be a an offer coming? We do look cheap on earnings and divi's etc. lets be honest!
Thanks Mr T
To be clear, I am not suggesting there is any innocent party in this stupid affair inthe Ukraine, except for the people who just want to live a normal life, have a secure job, good friends, safe community (other dreams) I suggested that the innocent people of the Ukraine have been subjected to numerous stupidities, projected by ideologues, who are supposedly more intelligent and one would hope know better, but the evidence suggests they know less.
Go gold, and lets hope the peoples of the Ukraine, however they (the ideologues) draw their silly borders, can live a normal and productive life.
the gnome
Is the update tomorrow or Thursday Mr T?
Lets hope for good news. Its been a long, hard time since we were up in the £2.s and seemingly flying. We know about the wall etc and some stuff that seems suspect, but hopefully Martin Horgan is doing things right now and we should start to see things getting better.
It would be nice to see double figure (in pence) dividends before too long.
Possibly an indiction of some increased confidence in the company and of tomorrows update?
Centamin Plc - Notification of Major Holding(s)
Resulting situation on the date on which threshold was crossed or reached 10.080000
Position of previous notification (if applicable) 9.970000
Hi Mr Gnome,
Whatever ones understanding of history or indeed the causes or justifications for the Ukrainian conflict made by an professional academic who may or may not have some valid points about the foreign policies of both of the major powers
https://uacrisis.org/en/9283-reply-john-mearsheimer-putin-realist
On the ground at the present he facts are clear
Who is the aggressor, certainly not NATO or Ukraine.
Who is launching missiles from alongside Ukrainian nuclear reactors
https://www.nytimes.com/2022/08/01/world/europe/ukraine-south-counteroffensive-nuclear.html
Russia under threat, no EU member state, Ukraine or even NATO has proposed attacking Russia, on the contrary they have been trading with Russia
Ukraine is a separate country and should have the right to decide its own destiny and join whatever organisations it so chooses just like any other country.
Thanks Mr Gnome, there are still those that deny the manipulation and claim those who speak out against are just conspiracy theorists, even some of this boards members claim that we should trust the markets!
Thanks Mr Gnome,
I shall be emailing this to my Tory MP who doesn't seem to understand why people are struggling the cost of living!
Australia’s post-lockdown economic rebound has arguably been very strong, with a significant employment surge despite the continued prevalence of COVID in the community. However, CFOs face a number of new challenges as they enter the second half of 2022. CPI data last week saw annual inflation rise further to 6.1% (the highest level since the introduction of GST), while the RBA today has announced another increase in the official cash rate to 1.85% – the fourth consecutive monthly rise. Against this backdrop, the good news is that three-quarters of CFOs surveyed for Deloitte’s latest CFO Sentiment report are still optimistic about the prospects of their own business – although these new risks have made them more cautious about the state of the broader economic environment.
Persistent inflation and rapid interest rate increases are challenges CFOs have not faced in decades. As a result, net optimism about financial prospects relative to half a year ago has dropped from 37% in the last survey to -8% now. This is a significant fall in net optimism, especially when compared to much smaller falls in the last three surveys, where CFOs were grappling with more disruptive (but now familiar) COVID outbreaks and related challenges.
Such risks are also contributing to uncertainty levels, with 88% of CFOs presently considering uncertainty to be higher than normal – and contributing to a decline in risk appetite. Interestingly, the cautiousness and uncertainty CFOs are experiencing is different to that experienced in the past. Previously, even though uncertainty levels were high over the last 18 months, CFOs still felt ready to take on risk. Today, however, only 25% believe they should take on more risk now, compared to 58% at the end of last year.
RISK ADVERSE INVESTORS/PUNTERS....So RAISING MONEY FOR GOLD EXPLORATION HAS BECOME A VERY TOUGH GIG, ESPECIALLY IF THATS ALL YOU DO. THIS WILL PLAY OUT INTO THE FUTURE AS LESS AVAILABLE GOLD BEING FOUND, AND ... LESS TO BE MINED, AND THATS ONT HE BACK OF A PATHETIC GOLD DISCOVERY RATE OF THE LAST 10 YEARS ....GO GOLD !
The Gnome
European stock exchanges were lower in premarket on Tuesday after Taiwan's local military authorities said they are prepared if an emergency arises. China will be conducting military drills in the region as a potential visit of United States House of Representatives Speaker Nancy Pelosi to the island nears.
The DAX decreased by 0.66%, London's FTSE 100 declined 0.25% and the CAC 40 lost 0.70% at 8:05 am CET.
The euro was flat compared to the dollar at 8:05 am CET, trading at 1.02638. The British pound was 0.09% lower against to the American currency, going for 1.22382 a minute later.
Baha Breaking News (BBN) / MS
And where one asks is the glorious LBMA whilst the rats are in the belfry? and how does the proper workings of a highly regulated and supposedly efficient market result in such market distortion, which now does not even pass as a joke?
They are organising love ins concerning small scale gold miners, with the actions from the love in merely making more illicit gold flows through the gold markets in Dubai? and they get paid for this sort of management?
https://www.oecd.org/daf/inv/mne/Presentation_300713.pdf
For those who want to try to understand the opaque management of the gold market...
https://www.lbma.org.uk/market-standards/clearing
and of the course the prosaic guide
https://cdn.lbma.org.uk/downloads/Publications/LBMA-The-Guide-2017-v1.pdf
reads very well, and looks nice, but the actions that emanate from it appear odourous
One would think we could do a lot better, I will give them my calling card!?
best
the Gold Gnome
One of the (many) injustices dealt out by the legal profession is the inequality of the sentences they hand out between those who illegally make money with a suit on, versus those that dont wear a suit.
JPMorgan is the biggest player among a small group of “bullion banks” that dominate the precious metals markets,
Recap the propoganda about bullion banks: Bullion banks are and continue to be a key pillar of the market - they build greater trust across the gold value chain, drive efficiency, provide liquidity, promote transparency and support price discovery.
"Support price discovery" What a joke!
JP Morgan Bullion Banks price discovery team summary: the business is a consistent moneymaker for JPMorgan, notching up annual profits of between $US109 million ($156 million) and $US234 million a year between 2008 and 2018. The lion’s share of that comes from trading in financial markets, but the bank does plenty of physical business as well. Trading and transporting physical precious metals make the bank about $US30 million a year on average.
Still, the profits disclosed in the trial have been overshadowed more recently: in 2020, JPMorgan made $US1 billion in precious metals as the pandemic created unprecedented arbitrage opportunities,.
JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore. It is one of four clearing members of the London market, where global gold prices are set by buying and selling metal held in a few London vaults -- including JPMorgan’s and the Bank of England’s. SMELL A RAT?
In 2010, for example, 40 per cent of all transactions in the gold market were cleared by JPMorgan.
How do the employees of JP go at the trading desk?Mr Ruffo, the bank’s hedge fund salesman, was paid $US10.5 million from 2008 to 2016. Mr Smith, the top gold trader, got $US9.9 million. Mr Nowak, their boss, made the most of all: $US23.7 million over the same period.
Their pay was linked to the profits they made for the bank. FBI agent Marc Troiano, citing internal JPMorgan data, told the court that the total profit allocated to Mr Ruffo from 2008 to 2016 was $US70.3 million. Mr Smith generated about $US117 million over the same period, while Mr Nowak made the bank $US186 million, including $US44 million in 2016
Soros is a client. Another set of important clients were central banks, which trade gold for their reserves and are among the biggest players in the bullion market. At least ten central banks held their metal in vaults run by JPMorgan in 2010, according to documents disclosed in court.
SMELL A RAT.?
Q: Why do we need Bullion Banks with special privileges. What makes a cartel. What behaviours are cartels well known for.
WHAT A JOKE
Very large fines (100% of ill gotten gains), and very large jail terms please
CUI BONO is a Latin phrase that means “who benefits?”, and is used to suggest that there's a high probability that those responsible for a certain event are the ones who stand to gain
Thanks for sharing Goldgnome - their analysis rings true
and definitely worth a follow --->> https://twitter.com/truflation
To 1.55 outperform . Will settle for that
It seems to me no one knows what they are talking about when it comes to the Ukraine [and probably history more broadly]
I recall being taught the History of the British Empire, by a delightful History teacher when I was young, at High School. I actually got a high distinction I was so enthralled. It is now apparent, that what he taught was marginally short of utter rubbish, but he, and we, did not know that back then. Such was the state of knowledge, .... and other things
I once worked for a most famous Mining Company, for 15 years, and was lucky to rise through the ranks to the top, technically speaking. It got taken over, as happens. Some years later, one of the former CEO's decided that the ~70 year history of this most famous company was lost or in the process of being lost, and so he commissoned a history of the company to be written, and duly appointed himself as Editor in Chief [ with the best of intentions] The book was written and edited, and I am sure edited gain, and came out as a hard cover book which looked great and will last 100-200 years. The trouble began when one read it, with the knowledge of one had lived through some of the history, and the history written was not a lot like the history experienced? HIstory is written by the winners (as we know) but in this case it was edited by one of the losers, who did not want to own up to what he had lost. So best edit the losses out. and so on and so forth.
A little later, I started another Exploration Company, which became a Unicorn (Market Cap $1b) in about 4 years! A few more years after a lot (including myself) had moved on, the new Managing Director decided that most people did not really know the history of the company, so he commisssioned a hisotry book to be written Who should write , and who should edit etc? Well it got wrote [by an Independent Journalist], and once again I got my copy, and opened the pages. Again the history written was not that similar to the history lived. Only ~20 years had transpired, and yet the history was in tatters, and despair set in.
I realised that History is such a subjective matter, and people can argue to they are blue in the face, about the "true facts"
and who really did this, and said that...
I realised that if one has so much trouble trying to catch the history of a company of 70 years old, or 20 years, what hope does one have of trying to understand what really happened to a country, in a 500 year history, with may winners and losers through those years.
I think not a lot...
Great to read the history, but believing it is another country. Not my country any more. There are more important things to do with ones few more days on the planet, than to read and argue the delusions and lies of others.
Go gold
best
the Gold Gnome.
Spoonington,
I think its someone else who has the closed mind in this situation.
https://fullfact.org/blog/2022/feb/ukraine-disinformation/
https://www.factcheck.org/2022/03/factchecking-claims-about-the-conflict-in-ukraine/
Mearsheimer is spouting the same old pro Kremlim rhetoric as he has always done,
Major European stock indexes were lower in the premarket on Monday, as investors anticipated the eurozone's manufacturing data, along with the United Kingdom and Germany revealing the sector's PMI reports later today. Traders will also be given an update on the EU's unemployment rate and retail sales in Germany.
Earlier, HSBC Holdings Plc announced its quarterly earnings report, noting a 15% drop in profit before tax compared to the same period last year.
Frankfurt's DAX was down by 0.43% at 7:43 am CET. At the same time, the CAC 40 and the FTSE 100 fell by 0.34% and 0.21%.
The euro was flat against the dollar going for $1.02208 at 7:44 am CET. A minute later, the pound was 0.10% higher against the greenback, to change hands for $1.21801.
Baha Breaking News (BBN) / AB
Happy Monday y’al
The lemmings and traders listen clsely to the propagander/half truths.
So it continues.
The reality is not appealing.
Thanks Goldnome.
Just when we thought our country was gaining sensibilities...we get this from the newly elected government LOL..changes to our constitution to give a minority more rights than a majority in our democracy, yet we have no agreement on how to define the minority (who exactly is indigenous and who not, and what criteria to use and what not..and of course we will need another royal commission and gatherings of legal minds to contemplate this, just after they have given up on how to define who is male and who is female and how one decides on whether one is NOT in fact one of the other 52 legal gender definitions they have let loose on...and they have decided that the English Dictionary built over the last 1000 years needs to delete all gender imbalanced pronouns by the end of this year, and so on and so forth - just gimme some truth as John L used to sing about LOL)
"Former High Court chief justice Robert French has backed the draft changes to the Constitution that establish the Indigenous Voice to parliament, calling it a “sensible and straightforward proposal”."...just sensibilties seem to have gone missing.
In fact the extremely odd thing is the indigenous voice, is in fact it is not a voice, but rather a suite of voices which comes from rural, remote and mostly educated persons living in cities. It seems to not recognise there was never a voice, and never an indigenous nation, and so on and so forth.
I did contemplate after my second double malt, that the Lunatics has won once again in taking over the asylum.
And then I reached for my thrid.
best of luck to all non indigenous persons. You probably do have a origin, that qualifies you for indiginous rights somewhere, and sometime. Don't ask me, as I dont even know who my grandfather was on my fathers side. But I do know he was born when by grandmother was 14 years old, in Broken Hill NSW.
tough world eh?
best
the Gold Gnome
My weekend reading of the non main stream hysteria, led me to an interesitng web site. Just thought I would share
https://www.nber.org/
One article perhaps of interest....
The Economics of Aging?
When the NBER’s Program on the Economics of Aging began in 1986 under the direction of David Wise, the baby-boom generation was between the ages of 22 and 40. Long-run projections at the time forecast that the United States would transition to an older population distribution. Today, with baby boomers ranging in age from 58 to 76, that projected future is the ongoing reality of our nation. One-fifth of the population will be age 65 or older in the next decade.
Since its inception, the Economics of Aging Program’s underlying focus has been the study of the health and financial well-being of people as they age and the larger implications of a population that is increasingly composed of older people. The program continues this broad focus as new and ongoing challenges emerge ....
another
New COVID-19 Working Papers: July 25, 2022
NEWS ARTICLE
Three new working papers distributed this week report on the economic, health, and related consequences of the COVID-19 pandemic and public policies that respond to it. One, drawing on data from many countries, evaluates the efficacy of social media campaigns in increasing demand for vaccines and knowledge about where to get them (30273). Another documents a sharp rise in the closure rate of small businesses early in the pandemic (30285). Yet another investigates the effect of working from home on worker productivity and quit rates (30292).
another
Gita Gopinath, the first deputy managing director of the International Monetary Fund, delivered the 2022 Martin Feldstein Lecture, on “Managing a Turn in the Global Economy.” She described the policy challenges facing emerging markets, many of which have experienced rising debt-to-GDP ratios in the last decade, as global interest rates increase. She highlighted the need to integrate a range of policy instruments, including but not limited to the flexible exchange rates and domestic interest rates that are the focus of the conventional analysis, in designing a policy response.
Some good, some abysmal...the economists have a lot of fun at the tax payers expense ...LOL
best
the GOLD Gnome
I think we all know the government cooks the books on reporting a raft of statistics, to suit their purpose. The media takes these and cooks their books to suit their purposes. The poor b@ggers in the stands, look at all of this deceit and wonder whats really going on, or they just follow like lemmings to the cliff.
As a passing thought try this site, to look at True Inlfation....
https://truflation.com/
be interested on your thoughts
best
the gnome