George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Yep agree could be good- plus US markets flew Friday and hopefully will continue for Asia and Europe / U.K. Monday- crypto also continues to rise. So hard to find a reason now for cey not rise (I hope this isn't the kiss of death! Fingers crossed)
lol beat me to it :)
https://www.cnbc.com/2022/06/26/g-7-nations-to-announce-import-ban-on-russian-gold.html
A Morgan Stanley strategist for instance, recently said that the dollar's dominance is here to stay for a "very long time" as China's strict zero-COVID policy tarnishes the appeal of the yuan.
https://markets.businessinsider.com/news/currencies/dollar-dominance-shrinking-alternative-currencies-krona-won-more-attractive-imf-2022-6
In the next week the ban of Russia gold will be sanctioned, will this have any effect of paper gold, we will have to see. Pm prices are controlled by the west as one of these reasons is Russia and China . Gold and silver miners have performed terrible since 2020 as the spot price has declined since then and the costs have inflated, they are in desperate need for a change in direction as recession happening is unknown as yet.
Me too Razor's , so I know how you feel, makes me wonder just how much Jim knows about mining ?
Agreed Mr Gnome,
In 2018 after he RNS announcing a guidance cut due to hitting unexpected low grades and Oh yes there wasn't any contingency plan in place should the one and only LHDR self destruct which it did meaning that the underground production couldn't help offset the open pit drop in guidance I questioned Andrew Pardey on both issues.
I asked Andrew Pardey how could it be claimed that the low grades were unexpected when in fact Kees Dekker had written an article in 2016 warning investors about the likelihood of hitting low grades in the next two years and that the management Pardey and Co were glossing over the true state of the open pit in 2016 continued to do so until events in 2018 once again exposed the true state of the open pit 2016 .
Pardey on the telephone conference call claimed he was unaware of the Kees Dekker report and although I knew he was lying because I had seen proof that he had tried to get the Kees Dekker article pulled I said I would send him a copy for his comments, I sent the report the following day and heard nothing from Pardey, but that said the BOD at that time would have heard the conference call and so been aware, but as we are now painfully all too aware they allowed the bad mining practice and lying to continue!
So certainly any Bankan investor beware , in fact my advice would be don't touch it with even a very long barge pole based on Pardey's past record!
Yet another rubbish link..
Russia and China are developing a new reserve currency with other BRICS countries, President Vladimir Putin said.
The basket currency would rival a US-dominated IMF alternative and let Russia widen its influence, an analyst said.
The dollar's dominance is already eroding as central banks diversify into the Chinese yuan and smaller currencies.
Jim Rutherford purchased a substantial amount of shares after Centamin’s fell for the first time from memory I think the price was around 1.45
I took the purchase as reassurance that everything was good so I followed him with a similar amount of cash only to have my ass handed to me on the second drop.
At least I know I’m not the only one suffering but I expect the amount is of more significance to me than the chairman.
The BOD of CEY should have "retired" Pardey a long time before the damage was done. Be very interesting to review how he was chosen int he first place ... key position criteria, skills experience needed etc,
Relevant committee?
NOMINATION COMMITTEE MANDATE
The committee is responsible for reviewing the Board’s succession plans and helps to fill vacancies among the senior management team by looking at the necessary and desirable competencies, skills, knowledge and experience of Directors. It helps the Board by making recommendations on the appointments of committees and as to the structure, size and composition of the Board and its committees. It makes recommendations to the Board for the appointment and re-election of Directors and considers the requirements for Board diversity (including gender and ethnic diversity).
https://www.centamin.com/media/2522/cey-nomination-committee-charter-feb2022.pdf
CURRENT MEMBERS:
Jim Rutherford (Chair)
Dr Sally Eyre
Mark Bankes
An econmist, lawyer and a Geo...
Transport secretary Grant Shapps has claimed that the average rail worker earns £44,000 per year, compared to the average nurse’s salary of £31,000. His comments were made during discussions about a strike currently underway by railway workers represented by the RMT union over pay, working conditions and job cuts.
The £44,000 figure has also been repeated by Conservative MPs Nick Fletcher, Jonathan Gullis and Chris Philp when talking about the strikes.
https://fullfact.org/economy/RMT-strike-salary/
Pardey will be interesting to follow in this debacle. Guinea has a lot of twsists and turns. I cashed in before his honour joined
best to investors
the gnome
True Scale of Silver Manipulation
Andrew Maguire is joined by none other than Gold Anti-Trust Action Committee (GATA) director, Bill ‘Midas’ Murphy, to go public about the shocking scale of silver price suppression.
The two gold bugs walk us through two decades of GATA exposing gold and silver market manipulation and bring a few inside secrets of the precious metals cartel out in the open
https://www.youtube.com/watch?v=BxSwl_7GOrY
I wonder is Pardey going to arrange to clear away the waste at the "Bankan mine" or just allow it to build up over the years until the pit walls crack?
Tier one mine indeed how many years was Pardey bumming his load at Sukari with the side kick former policeman claiming it was a tier one mine!
There will most likely be tears for investors in the future but I doubt there will be any tier one mines!
"Bankan has the potential to become a Tier One mine which can remain in production for between 15 & 20 years," says Andrew Pardey, current managing director of Predictive Discovery & former CEO of Egyptian gold mine operator Centamin
https://twitter.com/TheAfricaReport/status/1539963990863798272
---------------------------->>>
Brilliant that a guy like Pardey can get canned for mismanagement and still use his former employment credentials as a badge of honor
No goldnome I didnt expect different nor in the future.
They will do whatever they deem neccecary to maintain their salaries & Commisions.
Surely you did not expect anything different Mr Bond. There has been excellent form shown over the last few decades.
The pound has never regained its glory since about 1967, and so on, but so it seems, this is life, and we move onwards...
https://commonslibrary.parliament.uk/pound-in-your-pocket-devaluation-50-years-on/
I once took on the absurd task of trying to calculate the intrinsic value of a country (and its currency), in somewhat manner similar to that used to Value a multinational corporation. Having done a country or two, then I looked at what the exchange value should be between the countries calculated, and I got some absurd answers, which looked nothing like the exchange rates of the time. I was puzzled and chastized?
I was and am a scientist and engineer, and of course I would pursue such an absurd methodology with that sort of bakground?. So I looked at the other techniques of calculating exchange rates, and again got some wild numbers.
Then it was told to me that I should sober up and realise that the exchange rates are calculated by the market, which is a self organising intelligence network, of sorts, which runs under rules of sorts. The behaviour of this marvellous self organising network, was influenced by several variables, such as comparative interest rates, relative and absolute debt levels, and a throng of others factors.
I got excited as I knew a thing or 2 about self organising networks, and so off I went on another tangent. Some background sketch at https://www.geeksforgeeks.org/ann-self-organizing-neural-network-sonn/
Well, it worked and I made money, and lived happily ever after [LOL]
The gold market is such a contrive, as otherwise it would lead to a lighthouse effect on the disappearing purchasing power of the currencies.
I am turning and tuning the networks up again, in this tumultuous time, as there are a lot fo variables setting up myriads of eddy currents such that trends are difficult for a person to identify and predict.
the gnome
Shows how in control of Bullion prices ,the Banksters are of the market ,with Government help.
Couple more cheeky buy orders placed this morning. Yawn..
Yawning
European stock markets traded higher on Friday, ahead of the release of important data during the day. Investors expect the release of the reports on the business climate in Germany and retail sales in the United Kingdom.
In other news, earlier, it was known that the European Council had approved the Europan Union candidate status for Ukraine and Moldova, according to a statement published by the council President Charles Michel. Meanwhile, Ukraine President Volodymyr Zelensky thanked all EU leaders and member states for supporting Ukraine's candidacy application.
The DAX gained 1.06% at 7:00 am CET, while the CAC 40 added 1.18%, and the FTSE 100 rose 0.74%. The Spanish IBEX 35 was also up 1.02%.
The euro improved by 0.18% against the dollar at 7:17 am CET, selling for $1.05409. In comparison, the pound grew by 0.11% to go for $1.22754 simultaneously.
Baha Breaking News (BBN) / JG
Have a good weekend y’al
Polymetal shares rose 4% to 187.2p in early morning trading on Thursday after the company reported a business update announcing its gold bullion concentrate sales continued as usual from Kazakhstan.
https://ukinvestormagazine.co.uk/polymetal-silver-stocks-accumulate-on-lack-of-sales-options/
4% drop out of nowhere and some here say crypto is risky