Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Hi Cowichan,
Mt Cranfield is just being honest and 'Not beating about the bush!!"
There needs to be more of this!
Sorry spell check error below should "before the damage greed and selfishness of past generations have caused to our planet is irreversible!"
Hi Mr Gnome,
Unfortunately the problem remains that not enough is being done soon enough and as Sir David Attenborough rightly states time is fast running before the damage greed and selfishness of past aberrations have caused to our planet is irreversible!
“They have spent $780 million of shareholder money and didn’t do adequate due diligence. That is just mind-bogglingly reckless in my opinion,” Mr Cranfield told The Australian Financial Review.
“I think there needs to be complete change on the board.”
Mr Cranfield said he had no confidence in the St Barbara board’s ability to handle mergers and acquisitions after the $780 million acquisition of Atlantic Gold in 2019, which was partly funded by a bungled equity raising and was impaired by $248 million within two years of purchase.
https://www.afr.com/companies/mining/st-barbara-investors-demand-board-overhaul-before-m-and-a-20220819-p5bb9d
--------------------------->>>>
Maybe it's something in the water Down Under, but Aussies seem to freely speak their minds - very refreshing !
Wonder if he's any relation to our very own goldgnome... ;-)
Take Barrick:
Barrick's exploration department, still led by long-time industry veteran Rob Krcmarov, executive vice president for exploration and growth, can claim credit for just over 10%, or 3.9 Moz, of the company's reserves growth during the 2012-21 period. With gold exploration budgets totaling $2.09 billion, the average unit cost of gold in exploration-defined reserves was an expensive $549.27/oz.
Whereas during the 2012-21 period, Barrick replaced 26.4 million ounces of gold reserves, entirely from M&A.
https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-reserves-replacement-strategies-2022-savvy-deal-making-fuels-barrick-s-comeback
The same can be said of Endeavour - which said they would organically discover an extra 10 million ounces in 5 years but in reality they bought all their new ounces in the last several years thru M&A in West Africa
The one bright spot for new gold discoveries *could* be Egypt - we'll see
Thanks Sotolo
It might be worth your while to have a deep dive into media ownership.
I exercise my right to chase informed opinions. If its science I need to be informed on I go the scientists most informed and credentitalled in that area. Such is the luxury we have today with the internet. We dont have to put up with an opinion piece from someone who is fed and/or orchestrated by some forces hide. One does have to their homework a bit more rather open the tabloid to page 3. BUt I assure you, it is worth it, as it is so easy to go drivelling down the wrong road.
The drivel and verbal diarreah that is daily emergent is deafening, but on the other hand there are some excellent things being done in the world, and many good people ... they just get buried by BS, as they are too normal, too polite, not titillating (etc)
the gnome
Give us something to talk about.-
A very bored BB .
Until December-
I personally find, getting harder to read.
Spoonington- I hope for reverse eg a dovish fed or at worse a less hawkish one- markets today seem to be pointing to this, but who the heck knows, tomorrow may provide more temporary clarity. I would wish you luck but want the opposite to you- all's fair in love and war and markets lol
Oops sorry Sotolo for mis-spell of your name - this site needs a post editor :-).
Sotol, when people criticise the media (and am speaking for myself and others I know), it's the "no choice media" eg BBC, ITV, FREEVIEW etc which you have to have by paying the mandatory license fee if you are a UK citizen. Without doubt they over hype, it's in their interests to keep people watching, so they get paid. The root out small stories and sensationalise- my mother at 82 was terrified by COVID, simply terrified by watching this mainstream media. I went to see her today and all she went on about was "lawless Britain"- the headline after that awful girl killing yesterday- the small print I found was that we are at the lowest point for 20years for gun dis-charges, and yet from the headlines, you'd had thought there was anarchy on the streets... 2 * 40degrees days and a few field fires and it was Britain is burning, climate change etc etc and again small print found these fires were started nit by the sun. It's like the hyperbole has gone bonkers....
Gold Gnome. The media contains all sorts of opinions, try the Spectator v New Statesman, the Guardian v the Telegraph or TV docs like Martin Durkin's documentary series Against Nature, “which attacked the environmental movement as being a threat to personal freedom and for crippling economic development” and lambasted climate change. I think he is wrong but defend to the hilt his right to say it and broadcaster to put on those of different opinions just as I love different opinions here, I only take exception to those who **** the other view off, or **** off a single entity “the Media” informed by Steve Bannon and Dominic Cummings, the seemingly successfulespouses of partial propaganda. I am so please d to live in a country of varying views in the press, those who falsely criticise it as one behemoth are only hastening the day that is just what they get imho
Guess we'll see what he says tomorrow...
Hey- we live in gender fluid times, so why not lol
Greta has got far bigger balls than all of you and I.
I am hoping he will put some more fear in to the market, I have taken a short position on the S & P through an ETF (Gnome check out BBUS on the ASX if your interested) & hope it will get hammered along with some well needed wind into the sails of gold price.
Historically however whenever I have opened a short position (it is not usual for me) I have got it wrong & it has cost me - it may be worth every one else loading up on the S & P so you can profit from my inevitable losses :)
It just seems a bit risky to continue dumping the amount of carbon we produce every day into the atmosphere and oceans - 100 million barrels of oil consumed daily - when no-one really understands what effect this will have long term?
What vexes me is we haven't made more effort with hydrogen - the most common element in the universe, three-quarters of the surface of our planet is covered in it, it releases the most energy/kg burned (3x that of petrol/gasoline) and converts to pure water when burned. The only drawback is energy density. One kilo of hydrogen takes up a small room (12 cubic meters) as opposed to 1.33 litres for a kg of petrol - I think hydrogen is rubbish for vehicles but would be great for central heating. Especially when you consider that offshore wind in Scotland now is generating so much energy it is overloading the grid in strong weather and has to be disconnected. Why not use that surplus to boil hydrogen out of sea water, store it under pressure and connect it to our boilers? When burned it returns to the sea as pure water - my inner hippy thinks this is so beautiful man.
Lol- who knows!
ALL Eyes will be waiting for Powells speech today.
Which will be the usual verbal diarrhea no doubt.
The instant he spouts there will no doubt be a move one way or tother of Gold price.
Not sure quoting Prince Harry helps any argument Mr T lol
Mr T
I think the point Spoonington is trying to make, is that... the where, why, and what of the causation of climate change should be left to an unbiased set of relevant scientists who are very knowledgable about climate and climate change as a function of earth-time, and its main variables, and is NOT a celebrity blowing on the wind and blowing their bags. Prince Harry, Princess Greta, Time magazine, and a passing pre-eminent biologist's views are great, but do need some independent scientific rigour.
Politicians are dimsissed almost out of hand, economists likewise, the main stream hysteria machine without doubt dismissed (lost their social license a few decades ago), as are marching girls and prominent trombone players and a few others. Lets just deal with science instead of all the other passing well meaning lunatics, and those that are not so well meaning.
the gnome
Spoonington, the young lady is actually Swedish and certainly far from silly!
You might care to learn about Greta?
Thunberg has received support from climate activists, scientists and public figures.
Broadcaster and naturalist Sir David Attenborough told her she has achieved things many others have failed to do, adding: "You have aroused the world. I'm very grateful to you."
Prince Harry praised Thunberg's campaigning, saying "every country, every community, every school, every friendship group, every family needs their own Greta".
Alok Sharma, the president of the COP26 summit, has said that Thunberg's UN speech in 2019 had made him feel "really uncomfortable" because it held up a "mirror" to his generation.
But not all politicians have been as complimentary.
Donald Trump tweeted that she should "work on her anger management problem" while Russian President Vladimir Putin described her as a "kind but poorly informed teenager".
Greta Thunberg: Who is the climate campaigner and what are her aims?
https://www.bbc.co.uk/news/world-europe-49918719
Greta Thunberg named Time Person of the Year for 2019
https://www.bbc.co.uk/news/world-europe-50740324
price target to 121 (102) pence - 'buy'
Conservative party - former Downing Street spin doctor, and former adviser to BBC rival GB News - now sits, acting as the arbiter of BBC impartiality."
https://news.sky.com/story/emily-maitlis-refers-to-tory-cronyism-at-heart-of-the-bbc-in-edinburgh-tv-festival-lecture-12680676
The argument presented in main stream media is more of the same, as we have seend from them for decades. Littered with hyperbole and Hysteria, politics, the odd culture war, with a generous helping of wise celebrities and the odd loud 15 year old expert. Sales are sales.
The climate debate as presented in media is not balanced nor argued on best balanced science. Even a small helping of Geolgical Science, would show some points of interest.
- The Earth[‘s climate always changes, and will continue to do so, and the forces that causes those changes are such matters as the "wobbles of the earth" in its imperfect orbit
– Climate change is in fact normal, and in fact we are living in times of unsual stability. The odds suggested by the 4 billion years of geolgical changes, that we are overdue for a change
– Climate change occurred well before humans were on Earth, in fact we have only been on the earth for a very small part of the earthes life!
– The rate of climate change today is no different from thousands, millions or billions of years ago. There are various powerful forces , like (internal) Volcanoues, changing magnetic fields, (external) sun radiance, chaning distance from the sun, earth wobbles - some regular, some not, etc
– >80% [of the] time, Earth has been generally warmer and wetter than at present, or in the case of the Sahara desert cooler and wetter, in the Atacama desert (no rain for a few 100 years?: About 10,000 years ago, the Atacama was more humid and less hostile to human life than it is now. It attracted nomadic groups who came to hunt and collect food. Fast forward 4,000 years, the land dried up, gradually transforming into the landscape as we know it today
– Ice is ... rare except for the ice age when we had kilometers thick ice packs on the europoean content and UK, not to mention the hige glaciers that scraped and scoured Canada's landscape - leaving lovely tills, which we sample to find gold!
– Just because [climate] change occurs in our lifetime does not mean that we humans are driving the change, change has obviously happened without us, regularly and irregularly.
and so on ....
https://www.desmog.com/ian-plimer/
https://www.quora.com/Do-we-have-conclusive-evidence-that-humans-are-the-root-cause-of-climate-change
As advertised previously best to avoid the main stream hysteria machine for true news and just find the relevant scientists online, go with the times.
ASIDE: We used to have a a great newspaper in Victoria called "THE TRUTH", .... In 1987 one-time Liberal Party leader Sir Billy Snedden died in unusual circumstances. Snedden died of a heart attack in the Rushcutter Travelodge, possibly whilst having sexual communion of sorts with a mystery woman whose identity has never been revealed. Snedden was known for his 'extra-curricular' activities, and in the words of his son, Drew Sneddon, Billy Snedden "got around a lot."...read much more in the TRUTH!...LOL
all good fun, pardon the