George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Ok cheers.
So is there a way of finding a list of dual listed companies on the FTSE 350?
Thank you Cowichan,
More of Marin Horgan's plan!
Well done to all the staff at the Egyptian workshop!!!
Thank you Cowichan
Fantastic work by this Mantrac team!!!
Hi Leeds,
Centamin is a duel listed company on the London Stock Exchange (LSE: CEY) and the Toronto Stock Exchange (TSX: CEE).
From a regulatory and reporting standpoint, the Company is qualified as a “ Designated Foreign Issuer” in Canada, within the meaning of the National Instrument 71-102.
So because of the dual listing the shares are exempt from UK stamp duty.
If completing a HMRC tax return the page below should be used
https://www.gov.uk/government/publications/self-assessment-foreign-sa106
https://www.wfw.com/articles/benefits-of-dual-listing-in-the-uk-2021-update/
https://www.londonstockexchange.com/trade/stamp-duty-exemption
https://www.gov.uk/guidance/stamp-duty-reliefs-and-exemptions-on-paper-shares
*CFD trading is also exempt of UK stamp duty, however that said 70% of ordinary individuals individuals lose money on CFD trading!!!!
Quick question. We don't pay stamp duty when buying CEY as it's incorporated in Jersey (have I got that terminology right?). Is there a simple way I can find a list of other FTSE 350 companies registered in Jersey, or indeed anywhere else that means no stamp duty?
Cheers.
done by the team at Mantrac Egypt:
We did it less than 12 hours
The beast will hit the rocks again.
https://www.linkedin.com/posts/moataz-bellah-abd-el-galeel-998b0b203_we-did-it-less-than-12-hours-the-beast-will-activity-6964268883255943168-9VWO
----------------------------->>>
That's impressive
Here from Sukari Gold Mines, The Largest and The Best Workshop in Africa,What a Great Achievement we did. The New National Made Light Trays Dump Truck CAT 785 Fleet. We are So Proud of that and From Success to Success In shaa Allah
https://www.linkedin.com/posts/eng-mahmoud-elshaer_here-from-sukari-gold-mines-the-largest-activity-6964244478849110016--zd4?
-------------------------->>>
Just in time to welcome Minister Tarek El Molla at the ribbon cutting
Some of those I am in touch with me will recall how prior to the last general election after an appeal on Silver Doctors for information from Jeremy Lefroy MP on behalf of his constituents regarding silver price manipulation I introduced Andrew Maguire to Jeremy Lefroy MP and after months of work this led to a parliamentary debate and a meeting between Jeremy Lefroy MP and representatives including the deputy governor of the BOE.
https://www.ukpol.co.uk/jeremy-lefroy-2019-speech-on-precious-metal-markets/
These events and meeting between Andrew Maguire , Jeremy Lefroy , BOE representatives were actually instrumental in helping to scupper the LBMA attempt to be exempted from Basel 3, all they obtained was a 12 month delay due to the pandemic
In this week’s Live from the Vault, Andrew Maguire exposes the race major world banks are in to discreetly exit decades of accrued, loaned-out short bets against gold and silver, as Basel III reforms bring the precious metals market closer to an inflection point.
With the recent JP Morgan spoofing scandal adding empirical weight to Andrew’s insider reports, the London whistleblower drills even deeper into the industrial scale of market manipulation across elitist players.
Ep 86: Live From The Vault - The BIS, the Bullion Banks & the Basel III Price Reset!
https://www.youtube.com/watch?v=Th0LcEfgpwY
Hello Mark9999,
So you have found time to pop in again,
Just thought I better point out that this is the Centamin forum.
But we never the less I'm sure that all the members would like to hear whatever it is to contribute to the discussion regarding gold.
So over to you.
Thank you once again for popping in anyway!
trying to push your own agenda again tibbles!!! keep it gold
Dear friends,
From the climate crisis to Covid-19, the challenges of our time don’t respect national borders – they are global. So our response to them must be too.
The United Nations has been the boldest and most visionary experiment in international cooperation in the history of humanity – but in some important ways it’s broken. Too remote. Lacking teeth. Dominated by too few powerful nations.
The UN Secretary General knows this, and has set up a major global consultation to gather public input on how to make the UN work better. It closes in days – so we’re asking Avaazers across the planet to take a very short survey on what we all want from the UN. Let’s all take it, and the results will be formally submitted to the UN reform process!
When it emerged from the wreckage of World War Two, the UN represented a giant step forward in how humanity was governed. And from responding to humanitarian crises to tackling the ecological emergency the UN has played a crucial role in shaping our world for the better.
But with humanity facing multiple urgent existential crises, it needs to evolve. Without highly-functioning global governance, it’s much harder, maybe impossible, to meet the challenges we face.
There are simple things that could help, like reforming decision-making, and securing a greater role for citizens to suggest policies and choose an excellent Secretary General to lead the UN. But to stand a chance to win them, we have to make our voices heard. Loud and clear.
Our global community shares many of the values of the UN – from our fierce defence of human rights to our deep commitment to securing a sustainable future for everyone. Now we have a chance to help shape the future of this crucial organisation – let’s take it!
https://www.un.org/en/content/common-agenda-report/index.shtml
https://www.un.org/en/desa/future-un-time-think-big-urges-guterres
Survey
https://www.surveymonkey.com/r/GRH2GKS
Thank you also for your words dealts,
As I have often said anyone can be whomsoever they want to be on internet forums and in general these types of forums attract a fair number of those who contribute little or nothing of any help, but are hoping for some info on the cheap or derive some pleasure from being spiteful to anyone who should admit to getting it wrong!
This forum at times suffer from an influx of the type who infest some of the tabloid social media type of forums who possibly because of their own insecurity derive some pleasure out of being spiteful to those who have made an honest post to get something off their chest or have been looking for a bit of understanding or support.
Then there are those that boast of their trading prowess and ridicule anyone who have been honest enough to admit they made the wrong call, or simply took in good faith what they were told!
Its during the difficult or challenging times and Centmin holders have known those only too well over the past decade that this forum has provided an avenue for the members to honestly express any doubts, misgivings, regrets, or just their feelings in general, even if such posts might be deemed by some as being off topic, this forum has been a means to give one another some moral help and support which in my experience is often of far greater importance and achieves far more than the spoof and bluster and sheer arrogant nastiness that is all too common place on every other trading forum I have come across!
Also this forum is certainly fortunate in having members from a broad spectrum of life and professions, including some from the mining industry itself who are always willing to educate and share their knowledge and experiences with other members.
As far as Centamin goes this forum sets the standard because of the quality of input and the decency of the majority of its members (dreamers, spiteful buggers, spoofsters, aside)and as such is taken seriously to such an extent the posts are reviewed several times each week by I.R, and some brokers.
Stay well and strong!
Tibbs
Also thank you to the LSE website for enabling our conversations to continue!
Thank you Cowichan,
At least Centamin seem to have made a sensible decision investing in Solar!
Centamin announces the operation of the largest solar power plant in the Sukari mine during the third quarter of 2022
Mr. Al-Abnoudi August 12, 2022
Centamin explained that the operation of the solar power plant brings significant cost benefits and reduces carbon emissions in the mine.For more mining news (click here)At the same time, the company continues to evaluate low carbon energy options to displace diesel power, as it has begun activities to improve operational efficiency, power generation and consumption.The latest global systems in the Middle East and Africa Centamin also announced last May that it had awarded engineering, procurement and construction contracts for the Sukari Mine solar energy farm with the latest international systems in the Middle East and Africa, with a capacity of 36 megawatts.The largest global company specialized in solar energy In addition to a 7.5 megawatt battery energy storage system for major international companies specialized in solar energy systems.Trial operation It is expected that the trial operation of the solar power plant at the Sukari Mine will witness a number of leaders from the Ministry of Petroleum and the General Authority for Mineral Resources, in the presence of the leaders of Centamin Company and Sukari Mine.Develop a strategy for climate change Centamin is also developing a climate change strategy that will set additional benchmarks and an ambitious science-based target for carbon reduction by 2030.Zero Emissions Path Centamin also pursues and strives to align with a path to net zero emissions by 2050.It saves 22 million litres of diesel annually The new plant will also provide about 22 million litres of diesel annually, equivalent to about 160 million Egyptian pounds annually, in addition to reducing carbon dioxide emissions by about 60,000 tons.
Well Sotolo, you have always come across as a clever minded individual in which I have enjoyed reading your posts. It always hurts when confidence in the future doe not turn out as expected.I have also lost many thousands by not getting out when I should, but unfortunately none of us are blessed with hindsight. I really hope for you and the rest of us long term holders that we do get our reward,after all I really do think we deserve it for our patience alone. Keep well and dont beat yourself too much, its being human! Great words from Tibbs and others. G.L.A.
Hi Sotolo,
We were planning to move to Cornwall some years ago but out two little Bichon Frise were diagnosed diabetic and required regular doses of medication, both had cataract operations and very importantly needed the care of a vet who they were at ease with and specialised in diabetes which they had where we live, I won’t go into the fights with More Than pet insurance RSA were obstructive to such an extent that I usually had to resort to the ombudsman who found in our favour every time, our case was featured on Rio Off Britain. .
Anyway Harry & Sophie came first, so house projects were put on hold and anyway Centamin was in one of its recoveries from its latest unexpected drop and seemingly on the way to £2-£3 or more.
We were led to believe that all was well at Sukari, the analysts were predicting great things and it seemed the share price was on the way to £3., but then as we are all aware the malpractice at Sukari, the now apparent deceit or disregard for shareholders trust was exposed by the inevitable crack in the gloss (pit wall) the results of which we are all painfully aware!
So, for many of us the dreams that now seemed me so lose to reality, in reach were snatched away, or put back and on hold again!
Then along came the lock downs, the rise in POG but Sukari was in limp mode, still is to a great extent, although starting to recover, if we can believe what we are told, hope so!
I am sure that you aren't alone in the way you feel, there are others who understand and share your feelings, frustrations, possibly even anger with yourself for not getting out sooner or on a high, but unfortunately just as always in every walk of life as with our present the present situation in the UK with all the other in other ensuing world events we ordinary people hardly ever have access to all the facts, even the truth to be able to make an informed decision.
These are indeed unprecedented times are living through and I agree with Prof things feels strange, almost surreal, but of course they are very real!
But bear in mind the wise and very valid words from Paul and Prof, those wood's, the flowers, the wonderful wildlife, the birds, the steams rivers and fish and all that inhabit our world, must never be taken for granted, the pets that come into our lives for far too shorter time that give us so much and ask so little in return they are the really important things!
If and when Centamin recovers will be a bonus, but for now spend your time enjoying some of those things far more precious than gold about you!
Hope you both keep well!
Tibbs
The stock markets are NOT the economy ElProf- what I've been saying for years.
Sotolo --did you not think to start getting the house built years ago? With your holding the Divi should have helped getting it started.
Someone has bought the woods at the back of me, which are mainly hill and for which he would not be able to get planning permission. But as all he wants it a bit of quite at the weekends, he is building a sort of cabin. Its not bad so far. He put in brick and concrete plinths and is building on top of those. He got some double glazing units off the bay and is building (in new money) an 8metre by 4 metres cabin. its cost him about £3,000.
Anyhow--If I were in your position, and had your sort of money I would be building a pretty decent cabin/chalet to live in in the mean time and once your mansion is built (Ive got my fingers crossed for the £3 a share in the not too distant future), you can keep it as a chalet/ summer house. Im guessing as it would be mainly wood it would be classed as a tempory structure and easier to get planning permisson for. Or you could get a couple of old static caravans ? :-) His and hers?
I hope you get to build your mansion before you get too old------------Mr T gets his gold flip flops---and I can afford gold toe capped boots for the garden.
Morning Sotolo,
Sorry to hear that. I guessed you had taken pain on CEY, like so many of us, but hoped you might have somehow off-set it with gains elsewhere. Good to hear you have the beautiful woods, lovely surrounding areas and the kind neighbours, even if the flat is that small.
Everything is feeling strange at the moment, I agree gold does not seem to be performing as you would expect given the current global situation but then again the stock markets on the whole don't. I can't believe the DOW is within 10% of its high, which was 'high', with everything going on. My personal expectation is that we will see a fall back in stock markets this autumn as the true economic pain becomes clear to all - but then again, when have I ever got my predictions right.
Hope you can keep your chin up and smiling by taking pleasure in the good things you dohave.
Very best wishes,
Prof
The presence of the Minister of Petroleum inauguration
It is expected that Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, will witness the official operation of the solar power plant at the Sukari mine, in the presence of Martin Horgan, CEO of the Australian company Centamin.
Mineral Resources Authority
The opening will also be witnessed by Engineer Alaa Khashab, Deputy Minister of Petroleum for Mineral Resources Affairs, geologist Khaled El-Sheshtawy, head of the Mineral Resources Authority, geologist Yasser Ramadan, Vice President of the Mineral Resources Authority, and a number of leaders of the Authority.
It is also expected that Centamin's former director, Youssef Al-Rajhi, and Amr Hassouna, the current CEO of Centamin Egypt, will also attend.
https://elbarima.com/%D8%B3%D9%86%D8%AA%D8%A7%D9%85%D9%8A%D9%86-%D8%AA%D8%B9%D9%84%D9%86-%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%A3%D9%83%D8%A8%D8%B1-%D9%85%D8%AD%D8%B7%D8%A9-%D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84/
Thanks for asking and I guess you can imagine that Centamin etc’s fall has scuppered that; I get berated almost every day as we squish in a tiny flat above the garage in the most beautiful oak wood waiting to get back to the price a couple of years ago and build the house of our dreams. Meantime as Cey has more than halved and hoc worse, building prices soar, it makes me feel an abject failure. I did earn that money myself in a vey successful creative career but feel a big let down to my nearest at choosing to invest in gold, thinking it would be the thing in an increasingly crazy economy and world, and believing that it should rise, when in truth it is only what people think it is a bit like that old emperor… however our wood is magical, weather brilliant, neighbours kind, surrounded by river sea and forests to walk and swim in, though times and some people seem a bit weird as is the nature of this point in the cycle, in fact the world is going entirely as expected in terms of. very long term cycles, just gold is proving rather slow to catch up and it can be decades late which won’t suit me, as I shall be dead! Have a lovely weekend.
Hi Sotolo,
Great to hear from you too. How is the house plan going?
Best wishes,
Prof
Hi Mr Bond,
Agreed, I heard from my pub acquaintance(Centamin share holder who works in the region in the mining supply/support sector that EMRA is very aware that its in their best interests that Sukari gets linked up to the grid, it reduces AISC so increases profit and the government is also making money out of the electricity supply!
My pub friend seems to think that although it hasn't officially been rubber stamped that there is already preparation work in progress on the link up!
Solar plant saving on fuel will be taken into account.CEY contribute to GOV funds ,just as exra exports of LPG will.
You can be sure centamin are in good shape with electricity usage.
EMRA. would give that.
Most likely the
uh-oh. Stand by for solar plant expansion study. It's never-ending this is it?