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Spoonington,
Here is a challenge for you why not contact the "Fullfact" or indeed any other of the independent source checkers with your accusations on funding, they are required to disclose their funding sources.
https://fullfact.org/about/funding/
So where are your independent sources to confirm that the Russian Kremlin media machine is telling the truth?
You love your dog Spoonington , well I support several animal rescue charities who are working in Ukraine and recently Russian troops have fired on and destroyed several rescue centres with the animals inside, in one instance 60 dogs and their carers either injured or killed , I would post the link but the images far too distressing
There are none so blind as those who will not see and I am afraid you fall into that category!
I have German, and Polish friends who have witnessed personally what is happening in Ukraine.
Now because you are unable to substantiate your side of the debate with any credible evidence hen you have decided to throw your rattle out of the pram!
Also I was unaware that you had been appointed a forum moderator?
Well done Cowichan, Thank you!
Centamin (LON: CEY) (TSX: CEE) said on Thursday that exploration around its flagship Sukari gold mine in Egypt has allowed it to identify the potential for a satellite open pit within the concession as well as extensions of the underground orebody.
https://www.mining.com/centamin-shares-jump-on-potential-sukari-mine-extensions/
Hi Mr Gnome,
The Tories have always been the same they look after the "Toffs", the party has always been the same, they are expert in appealing to the very worst the masses though and masters at selling of selling to the people what already belongs to them.
Boris , Jacob Rees Mogg and all the other Tory stinkers persuaded the UK people to vote for a supposed "Oven ready Brexit Deal" now it is ever more apparent just how much they lied and yet the Tory stinkers are jockeying over who is going to be their new leader and talking about Tory values, cutting Taxes, it was the Tories who increased VAT to 20% supposedly on a temporary basis , increased insurance premium tax to 12%!
Now the Tories are talking about helping the people by reducing national insurance, they are the buggers that increased it in the first place supposedly to improve social care which the Tories had been privatising off to their mates , what a crock, since Brexit the NHS and social care can't get staff, yet the Tory voters and Brexiteers said that foreigners were stealing their jobs!
What an utter "Crock!"
In the UK he terms of employment , social care , NHS services and just about every other public service for ordinary people have been worsening for three decades and more!
n an interview with the programme Conservative MP Mr Rees-Mogg refused to disclose the precise amount he received in dividends from Somerset Capital Management (SCM), the investment firm he set up in 2007. However, an analysis of its accounts shows that in the past two years, the fund has seen profits almost double and it has paid £47m to members over that period.
Tory Stinker Mr Rees-Mogg owns at least 15% of the firm which according to one financial expert’s estimate could have put him in line for a pay-out of around £7m since 2016.
Asked if the figure of £7m is accurate, Mr Rees-Mogg told Dispatches: “The amount that I received is not for public disclosure. I’m entitled to the same privacy in my affairs as anyone else in parliament is.”
Mr Rees-Mogg declares in his House of Commons Register of Interests that he is paid £500 an hour for his work at SCM and takes home around £15,000 a month on top of his MPs salary!
https://www.channel4.com/press/news/brexiteer-jacob-rees-mogg-estimated-have-earnt-ps7m-investments-referendum-according
You may find this of interests , it shows why the Irish unrest started and who was responsible for starting the conflict and why Brexit can't work as Boris claimed for Ireland!
https://www.pbsamerica.co.uk/series/revolution-in-colour/
It's not rocket science- those with the highest and fastest potential gains, have the highest chance of fastest losses and potential losses- every reaction can have equal and opposite reaction- which is why for some like me it's the tiniest part of my investment portfolio. There will always be doom mongers- take house prices in the U.K.- a way less risky asset. If I'd listened to all the dommsayers since the late 80,s id have missed out on a packet- even if there is a crash there and they drop by half- would still be in a ridiculous profit- plus I own the house mortgage free and would have to pay about £3k per month to rent it! I watched films like the big short - sure dommsayers can be right sometimes, but so rare and picking a crash time is so unlikely- generally people who have been investing in a balanced way over the centuries are far better off than the doomsayers... if there was no crypto there would be something else with massive high risk and gain, and I will always invest a tiny part in whatever it is as part of my portfolio ...
Having spent a week of 6 on Wall St, the phrase "bubble machine" is apt.
May 12, 2022, just over fourteen years after the collapse of Bear Stearns, the New York Times announced another crash. In a story entitled, “Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic,” the lede read:
A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.
The story told of a mass investor flight from cryptocurrency markets, which has since caused an astonishing $700 billion in losses. There were several key triggering events, including the collapse of a “stablecoin” product called TerraUSD. A stablecoin is a type of digital currency that’s usually pegged to the value of a “stable” reserve asset like a dollar. They are often used to enter and exit trades for other cryptocurrencies, like Bitcoin.
In theory, stablecoins work, if they’re backed by real assets and by guarantees that hog-tie the customer to their money in adverse conditions. Part of the idea behind a stablecoin is to be the calmer end of the volatile crypto experience. As Bloomberg put it, stablecoins can be a “safe haven” for investors, who can keep their holdings “protected from wild swings in the crypto market” without need to “convert their holdings into traditional money.” But the implosion of TerraUSD put a big early dent in the “safe haven” description.
That wasn’t the only factor. Just days after TerraUSD lost its “peg” and started its freefall in early May, financial observers found an eyebrow-raising passage in the already-disappointing quarterly 10-K report of a crypto market leader, Coinbase. In addition to reporting a $430 million loss and a 19% drop in users, the company stated:
In the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors.
Coinbase is the largest cryptocurrency trading platform in the United States. When a customer stores cryptocurrency in a Coinbase wallet, those funds in theory can only be accessed with a cryptography-protected key, making it, again in theory, the unique property of the customer.
and so on, and so forth
nothing will stop the MIGHTY BUBBLE MACHINE...
“It’s 2008 on crack.”...
THE GNOME
It appears Capital (Drilling) utilized Macquarie to partially fund its initial acquisition of equipment as stated in this release Jan8th 2021 :
Capital also said it has made substantial progress on several of the debt facilities contemplated in the capital raising prospectus related to the Sukari contract including:
- Executing the $2.6 million vendor finance agreement with Epiroc with full draw down against the purchase of three new blasthole rigs;
- Fully drawing down on the remaining tranches of the $10 million Macquarie facility following finalisation of the Sukari contracts and security registration in Egypt; and
full announcement here:
https://im-mining.com/2021/01/08/capital-builds-up-mining-fleet-for-sukari-gold-mine-work/
-------------------------->>>
So, Macquarie just wants to see how its funds are being utilized and/or follow thru on due diligence - makes sense !
The sources you quote are as one-eyed as you.
If you are foolish enough to believe that just because they may be registered charities & claim impartiality that they really are it is pointless trying to convince you otherwise.
You automatically state that all information released by Russian sources is lies spread by government sources yet you also automatically accept that all information released by the sources you favour is the truth, the whole truth & nothing but the truth.
I feel it is you who need to wake up, you will find that in most instances a very significant portion of the funding your impartial charities receive comes from CIA front groups, foundations backed by parties such as the Koch brothers and other such protectors of the truth.
I fear we are straying from the true purpose of this forum & accordingly shall defer to your wisdom & withdraw from this exchange - enjoy the rest of your weekend :)
When all else fails, you call on the 1922 committee to clean up the mess. The who, they ask?
The 1922 Committee, also known as "the 22", is a committee of all backbench Conservative MPs that meets weekly when the Commons is sitting. Its chair, usually a senior MP, is elected by committee members and has considerable influence within the Parliamentary Party.
Despite its name, the 1922 Committee was actually set up in April 1923 following an initiative by new Conservative MPs elected at the 1922 General Election to facilitate cooperation within the party.
It seems like everyone knows what the mess is about, but just how long has it been going on? I guess when they clean up the mess in the UK they can clean up the messes in the southern colonies...LOL
enjoying the weekend, my footy team won!
the gnome
Quite so Dasut, thank you your experienced thoughts on these matters, I heard that they may look at purchasing some /all of the trucks from Capital that have been used during the Sukari clear up, dependant upon their condition and cost etc.
Tibbs
,
Hi Spoonington,
I don't just accept the rhetoric of the west which is why I refer to sites such as the www.fullfact.org which is a registered charity and politically impartial.
I am ashamed of what the UK did in the name of nationalism in the past, for instance the it was the right wing Tory attitudes and persecution by the police of the Irish workers who were on strike for seven weeks after being locked out by their bosses on mass just because that wanted to join a trade union to try to gain for better terms of employment and working conditions
After seven weeks the Irish workers were starved into returning to work, but the organisers of pro union meetings were beaten up so by the police so badly some died in custody, this brought about the formation of vigilante groups to protect those at meetings who were being persecuted by the police , these groups were the start of the IRA.
That said the UK government turned a blind eye to the unionists import of 5000 rifles fast firing rifles from the USA and the UL government actually supplied the unionists with weapons.
By comparison the Irish nationalist only had very few single shot rifles to defend themselves.
https://www.britishpathe.com/blog/wp-content/uploads/2018/04/Press-Release-Revolution-in-Colour.pdf
The size of the British Empire – the amount of land and number of people under British rule – changed in size over the years. At its height in 1922, it was the largest empire the world had ever seen, covering around a quarter of Earth’s land surface and ruling over 458 million people.
https://www.natgeokids.com/uk/discover/history/general-history/british-empire-facts/
In the past he UK has nothing to be proud of it has robbed pillaged, polluted, persecuted, enslaved other nations just to benefit its own ruling and privileged classes, whilst its own ordinary people were expected to endure appalling working and living conditions, starvation and little or no eduction and healthcare!
But that said so did many of the other countries in Europe and elsewhere, some were even worse!
But times have changed and the majority of civilised countries have realised that their past behaviour was unacceptable and so have tried to make amends
Unfortunately Mr Putin behaves like Hitler, Stalin and many other dictators and this is not acceptable especially in the 21st century.
https://english.nv.ua/nation/russian-troops-burn-crops-in-ukraine-with-incendiary-rounds-50255187.html
Wake up Spooninton Mr Putiin is a lair, a dictator and really not a very nice person !
https://www.bbc.co.uk/news/world-europe-62106446
On Monday, 10 Russian soldiers came to set up a base on the farm, leaving their tanks in barns, and more soldiers arrived later. But after overnight shelling by Ukraine’s military at Kherson airport, the Russian troops left on Wednesday morning.
https://www.theguardian.com/environment/2
Wake up Spooninton Mr Putiin is a narcissistic liar, a dictator and really not a very nice person!
Great news banks/finance companies giving positive feedback.
My belief is that Centamin are looking for funds to grow their mine portfolio with Doropo upper most on the list followed closely by Egyptian expansion. Also the divesting of Batie could be something that Macquarie are being asked to look at.
Would they need Macquarie to look at funding the acquisition of the Capital fleet maybe but suggest Cat Finance would be an easier less expensive route.
Yes Tibbs, and that is so different to how the media works in western nations isn’t it.
There is a revolving door between the White House & other government media offices & the so called independent media, if you dare to step outside the government mandated narrative you are blocked from participating in media events, look what has been done to Julian Assange, because he revealed abhorrent war crimes committed by the US he has essentially been denied his basic right to freedom & indeed his life.
I really think it would be wise for you to take a more open eyed & balanced view of how the world is being run instead of just accepting the standard line that the West is good & stands for freedom and anyone or any nation that does not kowtow to the West’s diktats is evil & needs to be curtailed or destroyed.
Examine history & the behaviour of the Western nations - colonialism, slavery, robbery of the natural resources of weaker developing nations - maybe you then you will moderate your one eyed attitude to the so called “rules based system”.
You responded 6 minutes after my post, couldn't have looked at much of the link I posted. And gave 0 reasons for your response.
CEY is on a Price Earnings using FY2020 of 8 or FY2021 of 11.5. (after excluding minority interest).
Analysts see a 40%-100% upside to the share price from here.
The pound is a low level.
Certainly could be taken out for what would be for Mac. an attractive price.
GLA
Russia invaded Ukraine to secure the oil and gas, nothing to do with NATO. Ukraine have large untapped reserves, nearly as much as Norway. What do you think would happen to Russia if Europe started buying most of its oil and gas from Ukraine? I believe oil and gas is something like 40% of Russia's GDP. https://www.youtube.com/watch?v=Eo6w5R6Uo8Y
https://talkingpicturestv.co.uk/about-talking-pictures-tv/
Saturday Morning Pictures
Browse the titles below and when you are ready, simply click to play.
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The Lone Ranger!
https://www.tptvencore.co.uk/Home/Saturday-Morning-Pictures-on-TPTV-Encore/Lone-Ranger
https://www.filmstories.co.uk/news/talking-pictures-tv-to-launch-free-online-catch-up-service/
Channel 82 Maigret: The Complete Series with Rupert Davies | Trailer
https://www.youtube.com/watch?v=cM90i8Qyt3I
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or
Maigret The Complete Series
Michael Gambon plays the Belgian, pipe-smoking Chief Inspector Maigret, one of TV's classic fictional sleuths from the pen of Georges Simenon. Intuitive, intelligent and with a genius for human nature, Maigret is like no other detective - never failing to pierce straight to the heart of the crime he is investigating.
https://www.youtube.com/watch?v=pV0fDYJzvCk
I have had quite a number of dealings with Macquarie & can say from my experience that they are a professional, high calibre operation but they do not tend to stick their snouts into company’s operations unless they see some healthy fee opportunities on the horizon.
That would certainly suggest that something is afoot, whether that be capital or debt raising or potential M & A activity & how advanced those movements are is anyone’s guess but Macquarie would not be sniffing around for nothing :)
Hi Cowichan,
You are right, Ross Jerrard was trying to secure a line of credit , the same thoughts crossed my mind in which case whoever was providing a line of credit would require the appropriate due diligence carried out on the company.
So hopefully this main be reason for those visits and this would also tie in with latest esource update,
Once again thank you for keeping us updated.
n this week’s Live from the Vault, the President of the Gold Silver Pros, Robert Kientz, joins Andrew Maguire to shed some light on the derivative market's insidious practices to control the physical gold and silver price.
https://www.youtube.com/watch?v=Y32_E5Uk9qQ
The opinions expressed in this video of Andrew Maguire and any guest,
Hi Spoonington
Mr Putin has armies of KGB whose job it is to spread his Kremlin rhetoric across the social media platforms and via the state controlled mainstream media of his allies .
https://fullfact.org/news/ukraine/
https://fullfact.org/economy/ukraine-supply-shortages/
Responding to a new criminal investigation launched against Vladimir Kara-Murza, a member of the political opposition and critic of the Kremlin, simply for sharing information about the actions of the Russian military in Ukraine – dubbed “fake news” by the authorities – Marie Struthers, Amnesty International’s Director for Eastern Europe and Central Asia, said:
https://www.amnesty.org/en/latest/news/2022/04/russia-prominent-opposition-activist-faces-up-to-15-years-in-prison-for-sharing-information-about-the-war-in-ukraine/
https://www.csce.gov/international-impact/political-prisoners-russia
Example 1 - M&A Transactions
Landmark acquisition of the iconic Kalgoorlie Super Pit gold mine creates a leading partnership in the Australian gold sector.
Following the sale of Barrick Gold Corporation’s 50 per cent interest in the Kalgoorlie Super Pit to Saracen Mineral Holdings in November 2019, Northern Star Resources Limited and Macquarie Capital quickly pivoted to engage with Newmont Goldcorp Corporation regarding the possible sale of its remaining 50 per cent interest in the asset.
In the narrow transaction window prior to Christmas, Macquarie Capital assisted Northern Star to negotiate, execute and announce the $US800 million transaction with Newmont within ten days.
The acquisition was partly funded by a fully underwritten $A765 million institutional placement that was launched on the last possible day prior to the closure of equity markets for 2019, providing funding certainty to the vendor. Macquarie acted as financial adviser to Northern Star on the acquisition and as global coordinator, joint lead manager, bookrunner and underwriter to the equity raising.
Example 2 - Funding For Equipment &/Or Mine Development
Financing the mining assets your business needs
Our global asset finance team draws on the experience of in-house geologists and mining engineers to meet the needs of clients across the mining sector.
Our broad mandate and flexible structures allow us to conduct global transactions and take significant residual positions.
We service a diverse client base in Australia, North America, Latin America, Central Asia, Europe and Africa.
Our clients include:
mine owners
mine operators
mine contractors
equipment manufacturers
equipment suppliers
Assets we can finance
Surface equipment
Off-highway trucks
Excavators
Shovels
Loaders
Underground equipment
Longwall miners
Shields
Support equipment
Plant equipment
Crushers
Converyor systems
----------------------------->>>
Either service could be in play IMO (to be fair Centamin management did say they were looking to secure funding / line of credit - so maybe that's the reason for the Sukari site visit)
PS at some point Centamin may purchase Capital's fleet of Cat Haul trucks - perhaps Centamin would like to do this sooner rather than later - considering the scrutiny they've come under re: pay to play / kickback scheme for the waste moving contract
Agree with you oh that T21A
the BBC world Service in the early hours provided more current affairs informative than we hear on the mainstream media during through the day, listen to the World Service News
https://www.bbc.co.uk/sounds/play/w172ykq474pq28g newsroom 0300am 1500 on the scale
Now on Yahoo-
Vladimir Putin has told Kyiv it should quickly accept Moscow's terms or brace for the worst, adding ominously that Russia has barely started its action in Ukraine.
https://uk.yahoo.com/news/ukraine-war-vladimir-putins-warning-012500635.html
The West really needs to either decide that its just going to mess about with sanctions and send Ukraine a few bits and pieces of military kit, neither of which Putin cares a jot about and he will carry on flattening Ukraine, in which case the West should advise Ukraine to negotiate for peace and live their lives the best way they can, possibly offer thenm visa's to live and work in the UK.
Or the Western allies should stop prevaricating and should stand up to Putin the Bully by sending enough military forces and equipment to kick his but out of Ukraine and make it clear enough is enough!
The Western Allies should also look at ways to support the Russian opposition with a view to ousting Putin and his cronies.
Snce the US,UK and allies abandoned Afghanistan they have army ,naval and air force personal all with not much to do, well if you ain't prepared to use them them, why spend money on them?
Sancton's wont stop Putin, that bugger stated that he is prepared to let the world starve and cut off fuel supplies whilst in the meantime Ukraine will become a pile of rubble!
Then waht is Mr Putin suddenly going to be nice to the West, of course not!
Putin has illegally blockaded Ukrainian grain to the West and is stealing it to sell to his cronies! So the Western allies should send a task force of ships and break the blockade.
The UK Royal Navy has two admirals on big money for every ship, for Christ sakes what are we paying those buggers for?
And last but not least if Boris isn't willing to leave Downing Street then send in the police and drag the bugger out and if the Tories haven't got anyone up to the job without gong through this farce of internal party electioneering then form a coalition government ,or call a general election so as to get get on with running the country and dealing with the aftermath of Brexit, the breakdown of public services and the cost of living crisis!
Thanks for posting Cowichan, you raise some every good points about this!
Why not put those questions via Linkedin the questions it will at least make the Centamin management aware that share holders are watching.
Also you may gets some answers from others in the industry that are in the know!
If past experience is anything to go by we share holders will be the last to know and we may as well forget trying to find out anything from investor relations on this one!
Rebess may have hit some nails on the head with some of his past comments!
Intriguing alright
John O'Sullivan
Division Director- Global Asset Manager at Macquarie Group
2d
Having been at the Sukari Mine site last week I can not agree more on the professional operation, that Capital conduct on this site from management to operators and all the support staff involve. GREAT JOB
https://www.linkedin.com/feed/update/urn:li:ugcPost:6950039137068412928?commentUrn=urn%3Ali%3Acomment%3A%28ugcPost%3A6950039137068412928%2C6950266564730322945%29
------------------------------------>>>>
My question is why did he visit?
What's going on or in the works?
This is the second analyst type to visit specializing in M&A
A bit about Macquarie:
-Corporate M&A** and advisory capabilities are underpinned by deep specialist expertise across oil & gas, metals & mining, infrastructure and renewables sectors
-Core expertise includes M&A, assessment of strategic alternatives, spin-offs & divestitures, cross-border mandates, and joint ventures
-Capital solutions include debt, private capital raising, and principal investments
-One of the largest resources-focused teams in the world with in-house geological, geophysical and mining engineering expertise
Macquarie Group Limited is an Australian global financial services group. Headquartered and listed in Australia (ASX: MQG), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser**, with more than A$737 billion in assets under management. The company's operating groups are Banking and Financial Services, Commodities and Global Markets, Macquarie Asset Management and Macquarie Capital.
Anybody have a theory I'd like to hear it.