Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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3bear
The following is a requirement for the company to follow;
In addition to formal general meetings, the chair should seek regular engagement with major shareholders in order to understand their views on governance and performance against the strategy. Committee chairs should seek engagement with shareholders on significant matters related to their areas of responsibility. The chair should ensure that the board as a whole has a clear understanding of the views of shareholders.
I am waiting to see what comes out of the quarter 3 report. I am assuming it will be a good one as they promised it would be so all year. The company have provided very high expectations to the investor base. I am hoping we do not read a lot of excuses or just the management praising themselves for missing their own targets. We are all aware of what the company can control and what it cannot. The concerns, if any remaining, are about the output that is under its control.
Tony
Breached 1700 , needs to break 1730 for the next resistance ,then back to where it needs to be.
IMO.
Excellent job by the guys in Egypt it's a gutsy decision to replace Truck Trays with modified trays and involves considerable amount of work to fully understand the weight of the material being mined over the whole of the mine.
It doesn't take much to overload trucks and although I don't know the details of the truck body design light weight bodies doesn't mean that the bodies are lighter it means they can take more volume of lighter weight material than the truck was designed to accept.
yep I share Tornadotony's frustration - in the Q2 results presentation Horgan said newsflow would be coming 'thick and fast'. We haven't heard a squeak since... Still I am hopeful that increased production and better AISC/oz sold will give us an uplift even if revenue for the quarter is down slightly on weaker GP.
Your predictions seem reasonable 3bear, but in order to see how close you are we are reliant on CEY actually reporting their results.
If their recent reporting standards are anything to go by there is no guarantee that we will get any information whatsoever :)
changing the situation for PMs.
Difficult to ignore -
IMO
Jim Wykof ,Kitco.
Sound like the wind of change.
Many different factors
Another day and a quick reversal of well thought through policy, giving investors confidence in robust decision making by the Chancellor and the new PM, ...
and how are the banks going...instilling confidence
June 2022, "Handling bags of cash for a wrestler-turned-cocaine-trafficker is the kind of business you shouldn’t do as an international wealth manager. Credit Suisse Group AG’s criminal money-laundering conviction in Switzerland this week for exactly this is an embarrassment, though not a costly one with total penalties of little more than $20 million. "
Well what goes around comes around. Now Suisse are trying to instill confidence that they are well run? LOL
And in Deloittes we see another fiasco. Letting clients runtheir own audiot..LOL
Global accounting giant Deloitte has been fined $US20 million ($31 million) for asking audit clients to conduct their own audit work in a move the US corporate watchdog said fell “woefully short” (!!???) of professional requirements (OF ONE OF THE LARGEST ACCOUNTING FIRMS IN THE WORLD!).
The US Securities and Exchange Commission (SEC) found that auditors in Deloitte’s China arm asked clients to select samples of financial reports to be reviewed and to prepare audit documentation that falsely claimed the firm had obtained and assessed supporting evidence for certain accounting entries.
Well you could well question how solid and robust the banking and accounting system is.
The counter argument to some of this (not all) is hidden by the nature of the press. “Journalism by its very nature hides progress,” Pinker argued in a recent interview, “because it presents sudden events rather than gradual trends … the press is an availability machine. It includes the worst things to happen on Earth at any given time.” But, he adds, “human progress is an empirical fact.”
“If it bleeds, it leads,” is an old newsroom adage for good reasons.
So we just recognise the bias, and get on with life ...
The trend is your friend but what si the trend, when its soemtimes a little difficult to see through the endless negativity of the press..., and the even the mighty can be totally wrong in readingt he trends even when they spend a large pportion of their life analysing them-supposedly. “Cash is trash,” is how Dalio has summed up his view in interviews. But the US dollar has been one of the big winners of the past year. The DXY dollar index is up 18% year to date. Relative to the dollar, gold is down 10%, the Chinese yuan 13%, the euro 15%, the pound and the yen 20%, Bitcoin 60% and Ethereum 65%....
Whats the trend, whats the events ...?
Some would argue the trend in the USD has been up since 2008...but there have been soem serious deviations, and my bet is we will see another big deviation...
https://tradingeconomics.com/united-states/currency
best
the gnome
If the company delivers on guidance - which is not guaranteed - and my guestimate of the average gold price achieved in Q3 is not too far out, then the numbers should look something like this on October 20:
Production 120,000oz
Revenue US$ 204,000,000
Gold sold 118,500oz @ $1722/oz
AISC US$ 160,000,000
AISC/oz sold $1350
Major European stock indexes were below the flatline in the premarket session on Monday, as investors awaited the latest manufacturing data of the euro area, the United Kingdom, and Germany, all set for release after the opening bell.
Meanwhile, geopolitical uncertainty across the region continued to rage following the decision of Russian President Vladimir Putin to declare four Ukrainian territories as part of the Federation, which continued to stir the tensions further. In addition, the energy crisis seemingly drove the negative sentiment in the global markets, with the prices of crude surging by 3% in the overnight trade on supply concerns.
Frankfurt's DAX plunged by 1.43% at 7:48 am CET. At the same time, the CAC 40 slumped by 1.33%, and London's FTSE 100 fell by 0.79%.
The euro gained 0.15% against the American currency, going to $0.98162 at 7:49 am CET. The pound sterling rose 0.21% against the greenback, to change hands to $1.11911 a minute later.
Baha Breaking News (BBN) / AB
Happy Monday y’al
Precious metals mildly higher.
From Celebrating by Installation of the last tray of 48s manufactured by #egyptian hands. We must be proud of this step
#Vrsteel #mantracegypt #centamin #sgm
https://www.linkedin.com/posts/ahmed-mekawy-0263b9109_egyptian-vrsteel-mantracegypt-activity-6981649181270515712-wcGn?
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seems to be 48 in total
Sunday, 2nd October 2022
Minister of Petroleum and Mineral Resources Tarek El Molla has held several meetings at the Egyptian Mineral Resources Authority (EMRA) to follow up on the latest efforts to develop the mining sector and review its development and modernization programs to increase the sector’s share in the national economy.
The minister has conducted a meeting to discuss the evaluation study which was prepared to construct a mining and gold services center in the Eastern Desert funded by the World Bank (WB).
https://egyptoil-gas.com/news/el-molla-reviews-latest-developments-in-the-mining-sector/
A cardboard cutout government with a paper opposition.
Time both were recycled.
Its a v bad look. The left hand wasnt talking to the rights in the Parliament, and no one was talking to the markey, and ...
The new British government triggered a vicious sell-off in both the pound and UK government bonds, which are known as gilts, when it unveiled a surprise and unfunded tax cut, at a time when the Bank of England is hiking interest rates to subdue soaring inflation.
Treasurer Jim Chalmers is breaching the widely accepted principle that tax changes aren’t retrospective, and hitting investor confidence in the process. Alex Ellinghausen
Investors were dismayed to see UK fiscal and monetary policy obviously pulling in opposite directions. It pointed to a fundamental conflict and lack of consensus between UK politicians and the country’s key institutions. IT POINTED TO SOME REAL DOUBTS AS TO HOW FUNDAMENTAL POLICIES ARE CONSTRUCTED BY THE NEW GOVERNMENT. FIRST LOOKS CAN BE FATAL. Yoyu really dont need this sort fo thing happening in this sort of global environment.
best of luck
Gnome
Fairly predictable. Batter down me hearties in the UK,, this does look very ugly, and winter is looming!
The UK watchdogs responsible for the £1.5tn corner of the pensions sector that came close to imploding this week are holding daily talks with asset managers to stave off a fresh crisis when the Bank of England’s emergency bond buying ends.
The £65 billion ($113.7 billion) plan, which ends on October 14, was launched on Wednesday to safeguard the pensions sector after this week’s market turmoil sparked by chancellor Kwasi Kwarteng’s plans for unfunded tax cuts.
And more pain is coming, and where the money is coming from is still anyone's guess...?
Meanwhile in the U.S. policy makers aren’t likely to take action to slow the dollar’s rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.
The U.S. dollar has soared in value as the Federal Reserve raises interest rates to fight the highest U.S. inflation in decades and investors move money into dollar-denominated assets. The WSJ Dollar Index, which measures the dollar against a basket of other currencies, is up roughly 16% so far this year.
The dollar’s strengthening relative to other currencies puts pressure on many other countries around the world, boosting the costs of imports priced in dollars and servicing dollar-denominated debts. This is particularly difficult for many developing economies that struggle with large debts and import much of their fuels, food and other commodities.
Wealthier economies face troubles, too, as their import costs rise. Japan, the world’s third-largest economy, recently intervened in currency markets to support the yen.
Treasury Secretary Janet Yellen says the U.S. supports market-determined exchange rates, adding that the strength of the dollar is largely the product of the Fed’s policies and subsequent capital inflows to the U.S. So FU all?
CEY is not a bad place to invest
best
the gnome
Posted 11 hrs ago
Lotus Gold advancing it's exploration projects in Egypt. 12 months since land handover, great exploration team assembled, >10k samples collected and assayed, drill targets defined, rig on site today. Busy few months coming up.
#mining #egypt #gold
https://www.linkedin.com/posts/activity-6982023398348476416-0gq8?
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Sounds impressive to already be at the drilling stage.
It would be lovely to hear an equivalent progress report from Centamin.
Or Hell.
Just saying.
Also, there are no pockets in heaven.
But a monthly repayment of £399 on an interest rate of 0.92% is a £520,000 loan whichever way you cut it
I rolled it over from a previous one. Over 5 years the interest is £24k. Dividends if not reduced should be £150k. Inflation should halve the repayment in real terms. So if Cey etc fall 3 fold in real terms I should be ok. Still scary…as of course it could fall more than that so I have been gently raising cash and will keep the dividends in dollars cash. As said still scary. I now have 4 years for gold to turn…
Don't like to be picky but never sure how an increase in the R/I will bring down the price of oil, gas and electricity which are at the heart of the rise in the "cost of living" or how an increase in the R/I on mortgages, another vital component, will similarly reduce the rate of "inflation". Just saying.
8 days to divi payout.
The Bank of England made an error in not raising rates earlier- they have 1 job, control inflation, muppets.
Blimey Sotolo, taking out a £520,000 mortgage when rates were at virtually an all time low was a massive risk! Coupled with your massive losses on CEY- if I were you I would have never kept my CEY for so long but sold out and have a fraction of a mortgage- I really hope your fixed rate is for a heck of a long time...
Pound temporarily back up due to B of E intervention and closing of huge profit positions. It will be on down soon. But the cost. Expected interest rates are up hugely tho despite this pound will be on down again as we are now such a weird UKIP basket case. Mortgage I got at 0.92% earlier this year was 3.56-% last week, now 5.24%. My interest payments of £399 a month if taken out now would be £2390!!! Come back Conservative Party please, but sadly most of the sensible ones gone