George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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The revised anti-espionage law increases security risks for foreign individuals and businesses operating in China
May 5,2023
China's rubber-stamp parliament last week passed changes to the country's anti-espionage law, in a move that many say could create legal risks for foreign firms and individuals operating in the country.
"Foreign scholars like myself will now avoid going to China if we can, because things like comments on social media could all be viewed as evidence of committing espionage in the eyes of the Chinese government," said Tomoko Ako, a China expert at the University of Tokyo.
In recent years, China has detained dozens of Chinese and foreign nationals on suspicion of espionage, such as an executive at Japanese drugmaker Astellas Pharma who was detained in Beijing last month.
Critics and foreign governments have described the cases as being politically motivated.
Espionage cases are usually tried in secret due to their links to national security.
US Ambassador to China Nicholas Burns on Tuesday expressed his concerns over the revised law in China, saying it could potentially make routine business tasks like due diligence illegal.
"We hope that we can have an environment here where the American businesspeople and journalists and academics can feel safe, that if they're operating here in China, they can do the jobs that they came here to do, and that they're not subjected to this kind of intimidation," he said during an event organized by the Stimson Center, a think tank based in Washington, D.C.
A study published last year cited by Safeguard Defenders found that 128 foreigners — including 29 Americans and 44 Canadians — were slapped with exit bans between 1995 and 2019
https://www.dw.com/en/china-anti-espionage-law-heightens-risks-for-foreign-firms/a-65528537
Resolution 3.2 – Increase the limit of the total fees payable to Non-Executive Directors
The shareholders are asked, in accordance with Article 39 of the Company’s Articles which allows for Directors’ fees to be increased by ordinary resolution, to approve an increase in the maximum aggregate amount of fees payable to Directors in any year from £950,000 (as approved by shareholder resolution at the annual general meeting on 8 April 2019) to £1,250,000.
The Company is seeking an increase in the aggregate maximum of such fees to ensure that there is adequate headroom for future appointments to the Board should those appointments be considered in the best interests of the Company.
Whilst succession planning of the Board will inevitably lead to replacement of existing Directors, there may be a period of time where the Board in number will have expanded during a period of transition. Although there are no current plans to increase the level of pay for non-executive directors, an expanded Board, in place during a transitional period, will mean there are more non-executive directors and an increase in fees during the transitional period.
https://www.centamin.com/media/2950/cey-2022-notice-of-agm_final_web.pdf
---------------------------->>>>
Observation #213
Mr Horgan's level of planning & preparation regarding 'pay' is impressive - vastly outstripping the level of planning and preparation given to exploration and growth by a country mile.
The fact that a 'transition period' is top of mind and made its way into a resolution blends nicely with Mr Horgan's recent comments on 'the need for consolidation' in the gold mining space
For clarity giraffe rhymes with laff which is vernacular for laugh.
Spoonington.
Who the Chinese people choose to head their government is up to them.
Are you having a fnking giraffe?!?
Lol- it’s gonna rain so Ferrari stays in its bubble :-).
I cannot imagine you sitting down on a bench,in a street party. Eating pie and then jelly trifle. Arriving in a Ferrari.
Happy banks hols I mean and enjoy the street party :-)
Cracking day for the portfolio- EVERYTHING green in stocks and crypto - must be the King Charles III global effect - happy backbone hols all.
Indeed after artificially engineered good NFP number today, USD breefly raised for then reversing quite quickly. Other banks failures looming
The reason is apparently poor choices in their investment portolios.
Sounds familiar, like sub prime.
More Banks under"Stress".
Western Alliance and PacWest.
Trading temporarly suspended.
So it seems Powell ,is not in the know or choises to ignore .
Alternately is only right that the buyer, has to pay in seller currency.
NEW DELHI/MUMBAI, May 4 (Reuters) - India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers
With a high trade gap in favour of Russia, Moscow believes it will end up with an annual rupee surplus of over $40 billion if such a mechanism is worked out and feels rupee accumulation is 'not desirable'
The rupee is not fully convertible. India's share of global exports of goods also is just about 2% and these factors reduce the necessity for other countries to hold rupees.
Discounted oil has constituted a large part of India's imports, surging twelve-fold in the period. Exports from India in the same period fell slightly to $3.43 bln from $3.61 bln in the previous year, the official said.
"Right now we are making some payments in dirham and a few other currencies but the majority is still in dollars. Settlement is happening in different ways, third party countries are also being used,"
https://www.reuters.com/markets/currencies/india-russia-suspend-negotiations-settle-trade-rupees-sources-2023-05-04/
Russia's terrorism would end sooner if India did the right thing and stopped purchasing oil from Putin -
just one of the many reasons I can't cheer when 'the BRICS are going to save the world' narrative gets bandied around
Completely agree mrtibbles
180k NFP was far too log as forecast and was meant to be exceeded.
No disagreement there from me
SP is still pants compared to what it would be if it were not for the clear up costs, stock will remain at pants level until clear up costs considerably reduced and strip ratios improved!
But if you are long and don’t trade- these movements look more violent on tiny timeframes- in the scheme of things not that great- on a few days ago Mr T you were caning this stock for being poor and yet it’s up about 6% from then in a very short time :-)
As I keep saying, forgot all the waffle and theories just trade data points-
May 2023
In this week’s Live from the Vault, Andrew Maguire reveals the truth about sanctioned “too big to fail” bank bailouts and the effects of Basel III, explaining how they are connected to the global dedollarisation and silver outperforming gold.
From new reports to the possible expansion of BRICS, the precious metals expert lists some of the biggest catalysts driving a bullish quarter for silver, identifying key obstacles to overcome - and the possible counteroffensive from the Elites.
https://www.youtube.com/watch?v=ukJYSD9JhEw
Revisions to previous months show that these figures are a joke
Friday May 05,
The gold market is seeing some solid selling pressure trading near session lows as the U.S. labor market continues to see robust growth.
U.S. nonfarm payrolls rose by 253,000 last month, the Bureau of Labor Statistics said on Friday. The monthly figure was well above the market consensus estimate of 181,000.
At the same time, the U.S. unemployment rate dropped to 3.4%, beating market consensus calls of 3.6%. The unemployment rate fell as the participation rate held steady at 62.6%.
Weakness in the U.S. labor market has been one condition that Federal Reserve has said needs to be met before it looks at ending its tightening cycle. The better-than-expected employment data is weighing on gold days after the precious metal pushed to a record high above $2,080 an ounce. June gold futures last traded at $2,034.50 an ounce, down 1% on the day.
Adam Button, chief currency strategist at Forexlive.com, noted that this is the thirteenth consecutive month that nonfarm payrolls have surprised to the upside.
"This is undoubtedly hawkish and puts the Fed in a real bind. The Fed wants to pause and may soon even need to cut, but the jobs market isn't cooperating," he said.
Another negative for gold was a push higher in wage inflation. The report said that average hourly earnings increased by 16 cents or 0.5% in April, up compared to 0.3% growth in March. Economists were looking for a 0.3% increase.
"Over the past 12 months, average hourly earnings have increased by 4.4%," the report said.
The latest employment data is creating a shift in interest rate expectations. Markets are starting to price out a potential rate cut in July.
Although the headline data was stronger than expected, the report does show a slowing trend as February and March data were revised lower. The report said that March employment data was revised down by 71,000 to 165,000 jobs. At the same time, February's data was revised down to 248,000 jobs, compared to the previous estimate of 326,000.
Hi Steve,
They had to find some way of spanking POG for the Friday afternoon finish!
Those on the inside know these figures two days previously anyway and still there are those who try to claim the markets are a level playing field!
Headline figure 253k over 185k est.
Unemployment falls to 3.4% VS 3.5%
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https://dondurrett.substack.com/p/hummingbird-resources-mid-tier-gold