Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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A bit early to call but with a $40 swing today that might be the intermediate cycle low...just need the dollar to roll over to confirm it
You may care to call it censorship, it really isn't, users will still have the right to free speech.
Sadly there are a great many social media users who simply don't question the credibility of what they read or the motives of those that post the misinformation.
Also the social media platforms should be made more easily contactable and accountable in law!
If anyone wants to post opinions on line then they should be required to post under their own name and a verifiable email address, even on forums such as this one.
Lets see how many would suddenly disappear once they are required red to stand by their opinions and statements, how many would disappear off this forum I wonder?
Big respect to Donald Lawson for having the integrity to identify himself when making his views known!
There are some on here who claim to put hings in writing to Centamin the reality is quite different,possibly because they lack the courage and integrity to stand by their convictions !
and so it the ££
meanwhile gold is moving - UP !
Mr T,
I'm not going to get into the rights and wrongs of Brexit, Trump, Ukraine, Covid etc. There is plenty of information out there from official and unofficial sources that lead to diverse opinions - and that is how it should be.
Clearly online bullying, harassment, paedophilic content etc needs to be policed - and it is currently. Good.
However plurality of opinion and free access to a wide variety of information and sources is the lifeblood of a healthy culture. You may believe things I disagree with but I absolutely defend your right to believe them and talk about them. We can then debate and the dialectic we have will enrich us both.
This dialetical approach is how science, politics, the arts and all other forms of human enterprise remain vigorous and healthy. No science is ever 'settled' and that is true for all other areas - to say otherwise is to descend into dogma - and that is the lifeblood of authoritarianism.
I am really concerned that a narrow orthodoxy is being foisted on us all - Orwell saw it and raised the alarm, others need to see it clearly now. The powers being taken currently may be in benign hands now, but that is no guarantee for the future.
Dr Jamain,
You don't mind reading the misinformation that is posted on social media?
The safeguards you mention are clearly inadequate otherwise Donald Trump wouldn't have been able to incite civil disobedience and riot in the USA capital.
Boris Johnson & Nigel Farage wouldn't have been able to mislead and misinform the UK electorate over the issues and repercussions of Brexit as they did!
This is a great initiative, social media users in the main are blissfully ignorant of just how manipulated they are.
You may not be aware but as things stand in the UK virtually all social media posts to politicians are ignored because they are posted under aliases, or simply don't comply with parliamentary protocols.
So you see the legitimate debate in Parliament never takes place and the sender of such messages is just not replied to.
Social media giants should obligated to verify every account - and only issue accounts to real people - no anonymity!
After all if one has a strong view or opinion on something then they should have the integrity to post it under their own name!
That one step alone would ensure much less abuse and misinformation .
I absolutely agree that free speech should be protected, however what is the point of free speech for those who aren't prepared to have the courage or integrity to identify themselves? Some form of social media monitoring - as imperfect as it may be - is certainly needed and better than none !
I believe Cowichan makes an important point highlighting the continual flow of 'Bad-news' and the apparent suppression of 'Good'.- It would be easy to think that this is an 'Orchestrated' script. - It's gotten to the point where all news announcements are turning out to be killers.
If they do reply in order to avoid being accused of having something to hide, the veracity of the reply will have to be properly supported. - Therein may lie the problem I'm thinking. - In which case, in expectation, don't hold your breath.
Three Actions Centamin PLC Must Take To Regain Shareholder Trust
1) Release the 2018, 2019 & 2020 drill results (and resource estimates) for the Quartz Ridge & V Shear gold deposits adjacent #Sukari in Egypt. These 'mine-style gold mineralization' ore bodies (management's own language from 2019 Annual Results) are apparently 'hosted by a porphyry unit that has characteristics similar to the Sukari porphyry' So why is the board still hiding this information from shareholders?
2) Release the 2019/2020 Sukari step-out drilling results (see diagram below) which either confirm or refute management's assertion that the Sukari ore body is open along strike. #Centamin shareholders SHOULD NOT be the last to view this data. Centamin's share price has been systematically lowered through allowing the 'bad news' to flow (pit wall movement) and withholding potentially positive news - like the results of this 10,000 meter step-out drilling campaign. This information is material & management is woefully negligent for it being withheld.
3) Implement a share buyback program immediately. Year after year shareholders vote to authorize share repurchases and year after year the board refuses to implement. There are but two reasons the board consistently refuse:
a) the board doesn't believe in its ability to extract value
or
b) some 3rd party wants to keep the share price depressed
Given there are so few long-life tier-one assets like #Sukari a means to bolster the current share price must be found. That is unless it is the board's intention to allow a Barrick Gold Corporation, Newmont Corporation, Harmony Gold Mining Company Limited to make an offer at this artificially depressed value?
Thurlow Williams Brian Nguyen, P.Eng. Colin Thomson Davies Ward Phillips & Vineberg LLP Andrew Malim Simon Morris Bexultan Seisembayev Moaad Taufik Simon El Beze Nicholas Hambleton Varun Talwar Gareth Penny Richard Hatch Lilly Wilson Martin Page Iain Duncan VanEck Europe Standard Life UK RBC Capital Markets Scotiabank Capital Trust Martin Horgan Emilie Hodson Ross Jerrard
https://www.linkedin.com/posts/don-lawson-98619370_sukari-centamin-sukari-activity-6930974548267859968-MehL?
------------------------------------------>>>>
Note: Still no reply from Centamin's new Investor Relations person re: step-out drill results, etc. It should not be so impossible to get answers from a LSE listed company - perhaps Centamin doesn't merit a London listing?
Wonder if the bottom if finally in. Cey looking strong bouncing off that 5 year support and ignoring the further decline in gold. Expecting gold to turn around this week as the dollar bounces off that triple top.....fingers crossed anyway
Legislation to curb free speech online is a VERY dangerous road.
Definitions of what is 'misinformation' or 'offensive' will be open to political control.
We already have legal protections in place for grooming, harassment, hate speech etc.
This is designed to shut down legitimate debate and leave the way open for statism and propaganda. It is only good for control freaks.
Why do we need any form of legislation in this area which essentially is simply a form of censorship? Why can’t we expect people to exercise a modicum of common sense in processing what they read/see on social media instead of blindly following it? Is it that we as a society have just become mindless morons?
(You need not answer the last question I think that one is obvious)
For years, mega tech platforms like Facebook, YouTube and TikTok have been making billions while flooding the world with disinformation, hate speech and other harmful content. But after years of incredible campaigning, the European Union has just agreed on a historic law that will force Big Tech to change – and this could be the start of a global revolution to protect us all!
Europe’s new Digital Services Act wouldn’t look like it does without Avaaz. We ran massive investigations into the harms caused by social media and shared our findings everywhere. Then we drafted groundbreaking legislative proposals on how to protect our societies as well as freedom of speech, and ran a huge push to get key lawmakers on board! And it worked!
2018: A Hundred Zuckerbergs (yikes!)
It all started almost exactly 4 years ago, in 2018: disinformation was creating havoc in democracies, and hate speech was being weaponised around the world. In April that year, we launched our first global call to platforms and regulators to "Fix Fakebook" and rein in big tech.
Avvas travelled to Silicon Valley to meet with top executives from Facebook, Twitter and Google, trying to convince them to act. But we were banned from some of their offices, and had to hold meetings in the car park!
https://secure.avaaz.org/campaign/en/facebook_coronavirus_misinformation/
To Mark Zuckerberg, Internet CEOs and Government Regulators:
Enough is enough.
https://secure.avaaz.org/campaign/en/facebook_open_letter_loc_/?artqjhb&post_action=1&cid=28293&lang=en
Thank you Tornadotony,
Quality quote on the introduction "Hold a "Wish in one hand and "Crap" in the other and see which wins!"
This broadcast certainly confirms that the present political and monetary systems are unfit for purpose and the can is still being kicked down the road!
Think of all those folk on fixed return annuities …. They will be stuffed while annuity providers can just put that money in the bank if interest rates rise …;)
Shares on the major European stock market indexes traded with losses in the premarket on Monday, with the traders awaiting economic reports scheduled for later during the day.
Eurostat is scheduled to release a report on the Eurozone's trade balance, while both Germany's and the United Kingdom's central banks will come out with more reports on their respective forecasts in regard to the economy and possibly monetary policy shifts.
The DAX was 0.26% in the red at 6:57 am CET, while the CAC 40 and the FTSE 100 declined by 0.44% and 0.33% at the same time, respectively.
The euro and the pound lost 0.08% and 0.17% compared to the dollar at 7:07 am CET, selling for 1.04022 and 1.22424, in that order.
Baha Breaking the News (BBN) / BU
Happy Monday y’al
The fed has inflated it's balance sheet from $1th to $10tn between 2008 and now, in other words printed $ equivalent of said amount, and we're only now at the beginnings of an inflationary cycle and lots of bubbles will burst IMO. There will be winners but lots and lots of loosers.
An error in the first that is corrected in the second.
Go the 16th minute to catch the last few minutes
https://schiffgold.com/friday-gold-wrap/wishful-thinking-schiffgold-friday-gold-wrap-podcast-may-13-2022/
The misallocation of resources impacts are being reported elsewhere. Some describe the FED as they were driving on auto pilot and ran over somebody so they stopped the car put it into reverse and drove over the body again. The market bubbles in some areas deserve to deflate but its being disrupted in parts of the economy that had to go forward to improve productivity that involved highly skilled people. They are now getting trashed along with everything else. The FED has really screwed it all up and the rate hikes are not going to fix it. (In the first 16 minutes they explain how inflation has not peaked and is currently 11% as producer prices are going through the roof. )
pkumar84 you might want to take into account that Thursday is ex-dividend day so technically the pps should open down by the percentage of the divi payout which is due to all holders on June 10th.
Approximately 4p per share held into the close of business on Wednesday evening.
Thursday is also a good buying opportunity but void of the divi payment.
Welcome Teeb,
True Martiin Horgan is the type of CEO the company needed seven years ago and with the team he has brought in if all goes as planned Sukari will be capable of delivering the 500,000 oz it was always meant to!
Unfortunately tmost of the Jersey BOD that are responsible for the decimation of the share price are still in post!
Hopefully Martin Horgan and his new team will achieve their stated aims of turning Sukari into the tier 1 world class mine that was always promised, but it will be in spite of not because of the Jersey BOD who if they had any integrity or self respect would resign!
As yet all we have is yet more promises, we've had those for over a decade and as we know promises have all too often been broken in the past, what's needed now is proof!
Lets hope that the predicted price rise of gold comes to fruition ,it will have come at just the right time to help the Centamin recovery !
Market crash isn't over, crypto bloodbath will spill over to stocks - Ted Oakley
12,613 views 13 May 2022 Ted Oakley, founder of Oxbow Advisors, discusses the current market sell-off with David Lin, anchor for Kitco News.
0:00 - 50% market correction?
2:30 - Fed monetary policy
6:00 - Biggest market risks
10:10 - Private equity
11:30 - Stock fundamentals
15:16 - Stock market outlook
17:22 - Crypto market
https://www.youtube.com/watch?v=Qb1MORrImrE
First Majestic Reports First Quarter Financial Results and Quarterly Dividend Payment
FIRST QUARTER 2022 HIGHLIGHTS
• Silver equivalent production totalled 7.2 million ounces, up 59% compared to Q1 2021. Total production consisted of 2.6 million ounces of silver and 58,891 ounces of gold
• Quarterly revenues totalled $156.8 million, or an increase of 56% compared to Q1 2021
• Mine operating earnings of $15.1 million, or a decrease of 46% compared to Q1 2021
• Operating cash flows before movements in working capital and taxes totalled $35.3 million, an increase of 14% compared to Q1 2021
• Cash costs were $14.94 per AgEq ounce
• All-in sustaining costs (“AISC”) (see “Non-GAAP Measures”, below) were $20.87 per AgEq ounce
• Net earnings of $7.3 million (EPS of $0.03) or adjusted net earnings of ($6.2) million (adjusted EPS of ($0.02)) (see “Non-GAAP Measures”, below) after excluding non-cash and non-recurring items
• Sold a record 156,200 ounces of silver bullion, or approximately 6.0% of the quarterly silver production, on First Majestic’s bullion store at an average price of $27.86 per ounce for total proceeds of $4.4 million
• Cash and cash equivalents as of March 31, 2022 was $192.8 million. In addition, the Company has a strong working capital position of $194.4 million and total available liquidity of $294.4 million
• Declared a cash dividend payment of $0.006 per common share for the first quarter of 2022 for shareholders of record as of the close of business on May 25, 2022, which will be distributed on or about June 10, 2022
https://www.firstmajestic.com/
Ep 73: Live From The Vault - Understanding the explosiveness of silver. feat. Patrick Karim
4,324 views 13 May 2022 In this week’s Live from the Vault, Andrew Maguire is joined by Patrick Karim, co-founder of technical analysis service, Northstar & Badcharts, to share bullish predictions for gold and silver, founded on a lifetime of accurately forecasting rallies.
01:45 Patrick shares his short-term predictions
05:35 Silver - looking at the bigger picture
09:35 Analysing the gold and silver 16 years average chart
16:25 Patrick talks about the EFP blowup in March 2020
20:45 Looking at both technical sides of the EFP tornado
23:45 The historic opportunity for the Silver Stackers
28:15 Covering the benefits of technical charting
30:00 How to contact Patric Karim and find his services
https://www.youtube.com/watch?v=cg3Fv4RHyx0&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1
*Opinions expressed in this video of Andrew Maguire and any guest,