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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You will see fine/slap on the wrists, but for the money they make , are still laughing.
Little chance of jail, otherwise the lawyers will be looking for jobs.
They pay to sponsor elections so really are in control of the politicians.
The US Comex has opened so yet again the POG is pounced on.......Because this seems to happen every day...you could buy on the comex and sell the next day in London......I suppose those with deep pockets...manipulate....I mean benfit from the arbitrage!
Sure I thought now that Individual traders or ex traders are being pounced on that "spoofing" has been admitted by all concerned as "normal" business practice.....just saying
Sorry posted wrong link,
This is the poor hard done by banker!
https://uk.news.yahoo.com/city-banker-infuriated-getting-bonus-300000-105922698.html
Spoonington,
Why Mearsheimer is wrong about Russia and the war in Ukraine. Five arguments from Alexander Stubb.
139,961 views 8 Jul 2022 In the 18th episode of the 'Understanding the War', Prof Alexander Stubb responds to the claims of Prof John Mearsheimer about what led to the war in Ukraine.
Prof Mearsheimer of the University of Chicago, who recently gave a lecture at the EUI's Robert Schuman Centre, argues that Russia had no other choice but to attack Ukraine following aggressive behaviour by the United States and Europe, driving Ukraine, Georgia and other countries on the Eastern flank towards NATO and EU membership. In this episode, Alex Stubb presents five arguments against this thesis.
https://youtu.be/vlB-pRqdyBg
The FullFact does not use google and facebook as sources of research .
https://fullfact.org/blog/2019/jan/full-fact-start-checking-facebook-content-third-party-factchecking-initiative-reaches-uk/
Mearsheimer https://thecritic.co.uk/the-realist-bogeyman/
Russian party proposes replacing Putin's title of 'president' with an old Russian word for rulerhttps://www.businessinsider.com/russian-party-calls-for-putin-president-title-change-to-ruler-2022-7?r=US&IR=T
Surely there will be an enormous peace dividend when the Russian army is destroyed and Putin removed.!
The Company’s dividend policy sets a minimum payout level relative to cash flow while considering the financial condition of, and outlook for, the Company. When determining the amount to be paid the Board will take into consideration the underlying profitability of the Company and significant known or expected funding commitments. Specifically, the Board will aim to approve an annual dividend of at least 30% of the Company’s net cash flow after sustaining capital costs and following the payment of Profit Share due to the Government of Egypt.
https://www.centamin.com/investors/shares-dividends/dividend-information/
You cite unfounded opinion from a clearly biased source, their funding comes mainly from Facebook & Google, I am surprised you would have the audacity to claim any level of independence.
Instead of regurgitating clearly biased rubbish why don’t you try to refute the clear & well explained facts & the conclusions drawn by Professor Mearsheimer rather than utilising the all too common tactic employed by your ilk of attempting to discredit him by using clearly false & insulting allegations & innuendo.
Your debate has all the intellectual maturity of a small child - why not just say “my dad is bigger than your dad & have done with it”?
Mr Horgan is going to keep the divi as low as he possibly can get away with IMHO, I'm convinced he wants to grow this company into a beast and that's going to take every ounce of spare cash he can generate and every dollar he can borrow. They've already got Doropo to build and multiple viable targets to develop in the immediate vicinity of sukari - that's before they start to rank the discoveries they are about to make in the Eastern Desert. With such a long to-do list, handing precious cash to shareholders is going to make Horgan choke. I think this is great. Whenever I hear of a big company doing share buybacks it makes me think the senior management has run out of ideas about how to grow the company. This is one problem centamin appears not to have at this moment, which is pretty good bearing in mind how many probs they do have.
A Gold Bull Economist ?
2022 Keynote Dr. Dambisa Moyo
at the DIGGERS AND DEALERS CONFERENCE IN KALGOORLIE
https://www.youtube.com/watch?v=f7ufy70KvSg
For those who want to listen to the updates from numerous gold companies
https://www.youtube.com/channel/UCeSnbgsRrmmHjFxtw-BtDpQ/videos
best
the Gnome
Don't think there is any offer coming, more likely a more regular flow of upbeat news which will make any would be suitors realise they would have to dig much deeper into their pockets to be taken seriously!
https://www.vaneck.com/uk/en/dividend-etf/
https://www.vaneck.com/uk/en/dividends/
Hi Super!
Haven't heard much from you recently, good to her from you now though!
I am hesitant to say too much because I don't want to jinx things, but things seem increasingly upbeat at last!
Hi Mr Gnome,
How many times as so much suffering been caused by arbitrary drawing of lines on a map, Great Britain was one of the worst culprits!
Unfortunately it is always the ordinary people who just want to live their lives that get hurt in the power struggles of our ruling classes.
Things have been made worse by the rise of nationalism and the policies of closing borders to try and restore Utopias that never were!
Trumps trade wars and even Brexit have caused conflict and division when for years previously society was increasingly dependant upon relatively open borders free flowing global supply chains.
If only those world leaders would put the same amount of effort, resources and money into working together to save our plant and all its inhabitants it would be fantastic!
Is VE a divi -player ? Because the ex div date will be announced soon, I think.
Agree increased share from Van E - could be a an offer coming? We do look cheap on earnings and divi's etc. lets be honest!
Thanks Mr T
To be clear, I am not suggesting there is any innocent party in this stupid affair inthe Ukraine, except for the people who just want to live a normal life, have a secure job, good friends, safe community (other dreams) I suggested that the innocent people of the Ukraine have been subjected to numerous stupidities, projected by ideologues, who are supposedly more intelligent and one would hope know better, but the evidence suggests they know less.
Go gold, and lets hope the peoples of the Ukraine, however they (the ideologues) draw their silly borders, can live a normal and productive life.
the gnome
Is the update tomorrow or Thursday Mr T?
Lets hope for good news. Its been a long, hard time since we were up in the £2.s and seemingly flying. We know about the wall etc and some stuff that seems suspect, but hopefully Martin Horgan is doing things right now and we should start to see things getting better.
It would be nice to see double figure (in pence) dividends before too long.
Possibly an indiction of some increased confidence in the company and of tomorrows update?
Centamin Plc - Notification of Major Holding(s)
Resulting situation on the date on which threshold was crossed or reached 10.080000
Position of previous notification (if applicable) 9.970000
Hi Mr Gnome,
Whatever ones understanding of history or indeed the causes or justifications for the Ukrainian conflict made by an professional academic who may or may not have some valid points about the foreign policies of both of the major powers
https://uacrisis.org/en/9283-reply-john-mearsheimer-putin-realist
On the ground at the present he facts are clear
Who is the aggressor, certainly not NATO or Ukraine.
Who is launching missiles from alongside Ukrainian nuclear reactors
https://www.nytimes.com/2022/08/01/world/europe/ukraine-south-counteroffensive-nuclear.html
Russia under threat, no EU member state, Ukraine or even NATO has proposed attacking Russia, on the contrary they have been trading with Russia
Ukraine is a separate country and should have the right to decide its own destiny and join whatever organisations it so chooses just like any other country.
Thanks Mr Gnome, there are still those that deny the manipulation and claim those who speak out against are just conspiracy theorists, even some of this boards members claim that we should trust the markets!
Thanks Mr Gnome,
I shall be emailing this to my Tory MP who doesn't seem to understand why people are struggling the cost of living!
Australia’s post-lockdown economic rebound has arguably been very strong, with a significant employment surge despite the continued prevalence of COVID in the community. However, CFOs face a number of new challenges as they enter the second half of 2022. CPI data last week saw annual inflation rise further to 6.1% (the highest level since the introduction of GST), while the RBA today has announced another increase in the official cash rate to 1.85% – the fourth consecutive monthly rise. Against this backdrop, the good news is that three-quarters of CFOs surveyed for Deloitte’s latest CFO Sentiment report are still optimistic about the prospects of their own business – although these new risks have made them more cautious about the state of the broader economic environment.
Persistent inflation and rapid interest rate increases are challenges CFOs have not faced in decades. As a result, net optimism about financial prospects relative to half a year ago has dropped from 37% in the last survey to -8% now. This is a significant fall in net optimism, especially when compared to much smaller falls in the last three surveys, where CFOs were grappling with more disruptive (but now familiar) COVID outbreaks and related challenges.
Such risks are also contributing to uncertainty levels, with 88% of CFOs presently considering uncertainty to be higher than normal – and contributing to a decline in risk appetite. Interestingly, the cautiousness and uncertainty CFOs are experiencing is different to that experienced in the past. Previously, even though uncertainty levels were high over the last 18 months, CFOs still felt ready to take on risk. Today, however, only 25% believe they should take on more risk now, compared to 58% at the end of last year.
RISK ADVERSE INVESTORS/PUNTERS....So RAISING MONEY FOR GOLD EXPLORATION HAS BECOME A VERY TOUGH GIG, ESPECIALLY IF THATS ALL YOU DO. THIS WILL PLAY OUT INTO THE FUTURE AS LESS AVAILABLE GOLD BEING FOUND, AND ... LESS TO BE MINED, AND THATS ONT HE BACK OF A PATHETIC GOLD DISCOVERY RATE OF THE LAST 10 YEARS ....GO GOLD !
The Gnome
European stock exchanges were lower in premarket on Tuesday after Taiwan's local military authorities said they are prepared if an emergency arises. China will be conducting military drills in the region as a potential visit of United States House of Representatives Speaker Nancy Pelosi to the island nears.
The DAX decreased by 0.66%, London's FTSE 100 declined 0.25% and the CAC 40 lost 0.70% at 8:05 am CET.
The euro was flat compared to the dollar at 8:05 am CET, trading at 1.02638. The British pound was 0.09% lower against to the American currency, going for 1.22382 a minute later.
Baha Breaking News (BBN) / MS
And where one asks is the glorious LBMA whilst the rats are in the belfry? and how does the proper workings of a highly regulated and supposedly efficient market result in such market distortion, which now does not even pass as a joke?
They are organising love ins concerning small scale gold miners, with the actions from the love in merely making more illicit gold flows through the gold markets in Dubai? and they get paid for this sort of management?
https://www.oecd.org/daf/inv/mne/Presentation_300713.pdf
For those who want to try to understand the opaque management of the gold market...
https://www.lbma.org.uk/market-standards/clearing
and of the course the prosaic guide
https://cdn.lbma.org.uk/downloads/Publications/LBMA-The-Guide-2017-v1.pdf
reads very well, and looks nice, but the actions that emanate from it appear odourous
One would think we could do a lot better, I will give them my calling card!?
best
the Gold Gnome
One of the (many) injustices dealt out by the legal profession is the inequality of the sentences they hand out between those who illegally make money with a suit on, versus those that dont wear a suit.
JPMorgan is the biggest player among a small group of “bullion banks” that dominate the precious metals markets,
Recap the propoganda about bullion banks: Bullion banks are and continue to be a key pillar of the market - they build greater trust across the gold value chain, drive efficiency, provide liquidity, promote transparency and support price discovery.
"Support price discovery" What a joke!
JP Morgan Bullion Banks price discovery team summary: the business is a consistent moneymaker for JPMorgan, notching up annual profits of between $US109 million ($156 million) and $US234 million a year between 2008 and 2018. The lion’s share of that comes from trading in financial markets, but the bank does plenty of physical business as well. Trading and transporting physical precious metals make the bank about $US30 million a year on average.
Still, the profits disclosed in the trial have been overshadowed more recently: in 2020, JPMorgan made $US1 billion in precious metals as the pandemic created unprecedented arbitrage opportunities,.
JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore. It is one of four clearing members of the London market, where global gold prices are set by buying and selling metal held in a few London vaults -- including JPMorgan’s and the Bank of England’s. SMELL A RAT?
In 2010, for example, 40 per cent of all transactions in the gold market were cleared by JPMorgan.
How do the employees of JP go at the trading desk?Mr Ruffo, the bank’s hedge fund salesman, was paid $US10.5 million from 2008 to 2016. Mr Smith, the top gold trader, got $US9.9 million. Mr Nowak, their boss, made the most of all: $US23.7 million over the same period.
Their pay was linked to the profits they made for the bank. FBI agent Marc Troiano, citing internal JPMorgan data, told the court that the total profit allocated to Mr Ruffo from 2008 to 2016 was $US70.3 million. Mr Smith generated about $US117 million over the same period, while Mr Nowak made the bank $US186 million, including $US44 million in 2016
Soros is a client. Another set of important clients were central banks, which trade gold for their reserves and are among the biggest players in the bullion market. At least ten central banks held their metal in vaults run by JPMorgan in 2010, according to documents disclosed in court.
SMELL A RAT.?
Q: Why do we need Bullion Banks with special privileges. What makes a cartel. What behaviours are cartels well known for.
WHAT A JOKE
Very large fines (100% of ill gotten gains), and very large jail terms please
CUI BONO is a Latin phrase that means “who benefits?”, and is used to suggest that there's a high probability that those responsible for a certain event are the ones who stand to gain