Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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As ear;y as 2015 Kees Dekker highlighted how essential the the higher grades in the underground were to the viability of the whole operation as they were used to supplement the lower grades from the open pit.
This statement came later in Dec 2021
Horgan described these as “bonanza high grade structures” located within both the open pit and underground mines which hosted very high grades of around 30g/t and higher.
He commented, “Sukari has a history of producing these limited, high grade zones, particularly from underground, which have contributed significantly to annual production totals.
“ They were previously discovered by chance but – with our new geological framework and a review of the current drill data base alongside the re-logging exercise – the team is starting to identify and evaluate these opportunities in a predictive, structured and systemic way which allows them to be fully evaluated and then maximised before inclusion in the mine plan.
https://tinyurl.com/bd7ne4jh
“ The FTSE 100 gained 0.32%.”
Somebody was telling porkys this morning as the U.K. market is closed today for a bank holiday.
Please change the tagline, Spooington is my doggies name, she is very special to me, I apologise for using her name indiscriminately purely my mistake
MrTibbles - that all sounds logical but it doesn't matter. The govt have got their hooks in and will just get more and more miltant until they get more money and that will require a sale. Promise. It won't be fair or logical. You have a military power in govt, its massive political risk at play and everything else is irrelevant.
Somnamna should have sent the previou message to you as well.
I see you have changed your tune about accessing underground from the open pit. Just a week ago you were on about Bonanza Grades from deep mine. As you did not realise till now.
As I have pointed out to you several times , only " possible Bonanza Grades " , was in Horgans statement.
You change your coat often , like the Vicar of Bray.
This is one of the rare occasions where I have actually learned from the past and miracles of miracles made a good call. i was incredibly lucky to get out of Acacia Mining in Tanzania with a small profit and had to wait for Barrick to take over and I sold those shares at about 32-33 bucks. Thank God. I made a poxy 15-20% over 3 years which wasn't worth the risk. I said in a post a good 12 months or so ago that, Centamin was vulnerable to similar behaviour from the Govt and now here we are. I can pretty much tell you what's happening here. One of the big Gold producers like a Newmont or Barrick will be in cahoots with the Govt to threaten nationalisation of the mine. They will cite operational issues and environment issues and that they will only allow the mine to reopen if it is sold to a company able to manage it better. The "sale" will require more profits to go to the Govt as part of that deal. You'll eventually get shares in the bigger company and have to sit on them as you'll get a crappy deal. This will take 2-3 years to run its course. It is essentially big business and Govts forcing smaller or independent mines out of business. It's disgusting but predictable behaviour and nothing anyone can do. My advice would be to either top drawer it for a few years if you're in this around 1.20 or so. Otherwise sell and reinvest it somewhere else as this will go nowhere for years.
Isnt LSE closed today?
Hi Somnamna,
Let's hope that the re sculpting of Sukari will finally make the whole operation much safer and more efficient, evidently in the past because of restricted access and ventilation the underground operations were never regarded as seriously as they should have been, but the new changes will mean that the underground workings will be far more easily accessed and this along with the reduced cost of in house operation should be of great benefit to future guidance and profits!
Keep well!
Tibbs
Equities in Europe traded higher in the premarket on Monday ahead of a series of economic reports scheduled for this week's release, most notably the preliminary ones on Germany and the Eurozone's inflation and consumer confidence.
The DAX increased by 0.24% at 8:00 am CET. The FTSE 100 gained 0.32%. The Eurostoxx 50 went up by 0.61%. The CAC 40 advanced by 0.32% at 8:02 am CET.
The euro grew by 0.17% against the dollar at 8:01 am CET to sell for $1.08133. At the same time, the pound sterling rose by 0.18% against the United States currency to change hands for $1.26033.
Baha Breaking News (BBN) / JR
Happy Monday y’al
One may pose the same question to you, i feel I have a right to point out clear inaccuracies, if that offends you sir I will not apologise :)
Hi Dasut,
If that is the case then it is all to the better which would be great!
Which ever is the case though thank you to both Tornado and yourself for the calculations!
Best
Tibbs
Why not give it a rest Spoonington? There are no prizes for being a key board warrior.
Please keep on posting the good stuff of you insights, comments and thoughts on CEY but your aggression against Mr Tibbles is unbecoming and quite frankly a pain. You made your point so why not move on?
Deflection & obfuscation- if you continue with this I will remove the gloves & become invective as previously advised :)
Tornadotony, Grateful if you can tell me how you arrive at $3.55 to $3.75 per tonne for waste as based on my experience I feel this is high for a truck and shovel operation. Thanks
Members may find this link of use as part of their mining company research
https://www.cruxinvestor.com/about
Centamin
While the future looks brighter for Centamin, investors may want to take a "trust but verify" approach, looking for an extended track record of outperformance and flawless execution before viewing the operational turnaround as fully secured.
There is still work ahead for management to translate potential into consistent value creation.
https://www.cruxinvestor.com/posts/centamin-plc-q4-2022-investor-presentation-summary
Daz,
Far too many investors treat the postings on internet forums such as this as personal investment advice, remember, it isn't , investment advice should only be obtained from suitably qualified financial advisors. Forums like this should be regarded as just another reference source of information, along with TV/Radio, financial and social media, but it would be a folly to base any investment decision on one source alone!
Even the returns success isn't guaranteed , because they are generally dependant upon trusting whatever information the company releases into the public domain!
For instance in 2015 & again in 2018 and even after visits to Sukari by corporate analysts and brokers were still advising clients to buy in to Centamin because they had assumed they could trust what the company had told them, unfortunately none of them realised that Andrew Pardey and the previous management were on borrowed time by continuing to dig the company into a very dangerous, very deep and very steep sided pit and the deeper they went their position became even more precarious because they really didn't know for whatever reason how too get out of it again without admitting their irresponsible behaviour for several previous years, possibly more but then the inevitable crack in the pit wall appeared and they where forced to own up!
Anyone who claims that this isn't the case is deluding themselves and others because the facts speak for themselves !
Notice that those that try to claim that there are better ways then those being employed by Martin Horgan and his team now to put Sukari right never actually come up with any credible, less expensive, even remotely workable alternative of achieving a safer and more efficient Sukari operation.
I agree Spoonington. Some here aim to influence sentiment and inexperienced investors can suffer for it. Their intentions are clear from the amount and type of posts. If you’re new here, beware snakes in the grass.
I note that you have failed to address the questions I posed to you yet continue on with your baseless rambles - why is it so ?
You are clearly a bitter & twisted individual who missed out on profits other investors realised that leaves you feeling left out - avoid using this sentiment to try to influence others - such behaviour is poor at best!
What utter baseless piffle - defend your statements in light of actual results - trying to o do so highlights your bias & sheer stupidity!
Egyptian President Abdel-Fattah El-Sisi during his meeting with Russian President Vladimir Putin in Saint Petersburg on Wednesday 26 July, 2023. Photo courtesy of Egyptian Presidential Spokesman.
On his side, President El-Sisi thanked Putin for his warm welcome, stressing Egypt’s keenness to cooperate with Russia on both the continental level as well as on the level of bilateral relations.
The Egyptian president also expressed thanks to Putin for establishing the Dabaa Nuclear Power Plant as well as the Russian Industrial Zone in Egypt.
He also congratulated his Russian counterpart on the 80th anniversary of Egyptian-Russian relations.
In 2022, Egypt’s exports to Russia surged to $595.1 million, up 21.6 percent from 2021, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
Meanwhile, Egypt’s imports from Russia increased to $4.1 billion in 2022, up 15.5 percent
https://english.ahram.org.eg/News/505523.aspx
-------------------------->>>
Don't know how any Egyptian could view Sisi's warm relationship with Putin as anything but vile and morally perverse. First he destroys Egypt's economy then cozies up to the most murderous and deranged dictator in modern times - God help Egypt.
Hi Cowichan,
Thank you for giving us this insight into this ongoing illegal artisanal mining in Eygpt which the government really ought to be making more efforts to stop and then enable legalised and properly regulated mining in its place.
https://link.springer.com/article/10.1007/s11356-023-25895-9
https://www.reuters.com/investigates/special-report/gold-africa-smuggling/
https://www.oecd.org/development/illicit-financial-flows-5f2e9dd9-en.htm
https://enactafrica.org/enact-observer/illegal-mining-drives-nigerias-rural-banditry-and-local-conflicts
Ahram Online , Saturday 26 Aug 2023
The headquarters of the Egyptian Ministry of Foreign Affairs was lit up in the early hours of Saturday with the slogan: “Egypt 80 Russia” in Arabic to celebrate the occasion.
Egypt’s Minister of Foreign Affairs Sameh Shoukry and his Russian counterpart Sergey Lavrov exchanged letters of congratulations, affirming the special and deep historical relations between the two countries, the Egyptian foreign ministry said in a statement on Saturday.
Russia is also one of the most important tourism markets to Egypt with up to 30,000 Russian tourists visiting Egypt every week.
Hi Tornado,
Thank you for your taking the tine to provide us with your cost analysis which seems to confirm that the benefits of Horgan's teams new strategy may at long last be starting to have some very positive effects on cost reductions and increased sustainable production which if they continue should make for better profits and a considerable increase in share price, lets hope that is the case.
If so I think we shall all feel a lot better!
Tibbs
“Who is backing you and the reputation of your tribe determines your standing on the mountain,” he says. “Whatever your connections are, you must have backing and weapons. There are people without backing, or who are Christian. Their cars are stolen or militias take their sites by force.”
The state, and in particular security institutions, has tried to take control of mining areas and expel militias and miners. But as the state dealt with the crisis, the security strategy turned into an armed confrontation, which has taken a dangerous turn since the last quarter of 2022.
One of the incidents included the death of First Lieutenant Mohamed Kilani in an attack carried out by the Ahmed Abul Abbas militia on a police car near the Barramiya area on the Marsa Alam-Edfu road, in response to one of Abbas’ men being taken in by security forces in Red Sea Governorate in mid-January. He had been carrying large quantities of raw gold, weapons, and half a million Egyptian pounds, according to miners and engineers in government mining companies affiliated with the Armed Forces who spoke to Mada Masr.
Military and police forces responded by tightening their control, with the participation of the Ababda in the area of Baramiya, close to where Kilani was murdered, according to the site owner. Therefore, site owners in the cities lost touch with workers on the mountain, from the end of January until mid-February, due to a lack of signal and a siege on the roads leading to the mountain. People could descend from the mountain, but not the other way around.
By mid-July, security forces launched the largest security campaign in the region since 2020, targeting the Salah mine, located near the Wadi al-Gamal reserve, and the informal Abkar mine.
Three days before the raid, drones were seen flying overhead, according to a miner working at Salah. “They burned the loaders and the excavators, confiscated vehicles and expelled miners.” Those who stayed on were threatened with a military trial.
Dozens of miners were arrested and others have gone missing as the military drones hunted for them in the desert, the previous miner and a second miner tell Mada Masr.
Nonetheless, these campaigns, with the different institutional and legislative attempts undertaken by the state, have not succeeded in controlling those fishing for gold in the Eastern Desert. So far, the war rages on.