Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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HA Ha a ju ju witch doctor would even find it difficult to put any more of a Hex on Centamin than there has been the last few years.
Sotolo hopefully it is all of the progress behind the scenes that Horgan is happy about because 93,000 oz and due according to the numbers low performance in the open pit rather than serious dip in underground due to the phase out of the contractor so certainly isn't anything to crow about or be positive about. Hopefully can't get any worse and woops hope I haven't jinxed it.
On Feb. 1, the U.S. Treasury Department reported that the U.S. gross national debt surpassed $30 trillion for the first time, a figure that’s incomprehensible at the best of times, even in these times ...
https://www.youtube.com/watch?v=hUnDrB63Pdg&t=6s
How many interest rates hikes are there going to be this year 3,5,9? Japan is the largest foreign holder of public U.S. government debt, China ranks second in total U.S. debt owned by foreign countries, with the U.K., Luxembourg (??), and Ireland (good ol Irish??) rounding out the top five.
https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124
The World Bank says a country reaches a tipping point when the debt-to-GDP ratio approaches or exceeds 77%.
The U.S. debt-to-GDP ratio was around 125% through most of 2021.
No limit on US debt ...
good luck all
the gnome
Hi Lodan,
I luv omelette's, but today is "Fish finger Friday" an tradition that's carried on ever since the start of our marriage!
Enjoy!
Rick Stein
If you're low-carbing it, try a spinach omelet with tomato and feta filling. If you thaw the spinach and squeeze it dry the night before, this omelet is very doable even for speedy weekday breakfasts.
https://www.tfrecipes.com/rick-stein-greek-omelette/
or
Keith Floyd is in the Perigord region of France to demonstrate the best way to cook a delicious wild muchroom omelette. Great recipe idea from classic BBC cookery show 'Floyd in France' Wild mushroom omelette recipe - Floyd on France - BBC
https://www.youtube.com/watch?v=ZBMTF2_whVw
22 Apr 2022
Ep 70: Live From The Vault - Russia and China’s plan to reintegrate gold and silver as money
In this week’s Live from the Vault, Andrew Maguire continues to educate viewers on the paper vs physical market battle, listing all major driving components that might ultimately lead to the gold price reset.
With gold being used as money to purchase energy and commodities, the lifelong wholesaler explains Russia’s and China’s strategy to control the global price for physical gold.
https://www.youtube.com/watch?v=j01xu4p_QtE
*The opinions expressed in this video of Andrew Maguire and any guest
As Tibs said hopefully he's just happy at how many eggs he's smashed in preparation for our omelette
Friday, 4/22/2022 13:12
GOLD PRICES headed for the lowest weekly finish in April so far on Friday, trading more than 3% below Monday's 6-week high after Federal Reserve chief Jerome Powell said the US central bank is likely to raise its key interest rate by half-a-percentage point in its May 4th monetary policy decision.
Ahead of London's 3pm benchmarking auction, the price of gold slipped to $1935 per ounce as the Dollar Index – tracking the US currency's exchange-rate value against a basket of its major FX peers – rose back towards this week's 2-year highs.
Silver prices meantime extended yesterday's slump, briefing dropping as low as $24.06 per ounce before rallying by 30 cents.
That marked a new low for April, more than 8.2% below Monday's 6-week high.
https://www.bullionvault.com/gold-news/gold-silver-042220221
Well said Lodan, everyone has bad days and indeed say things out of frustration that in hindsight they regret, but then the measure of them is whether or not they make the effort to act honorably by acknowledging their out of character behavior and offer an apology.
So big respect to you for your honorable behavior and also to Cowichan for his understanding!
Tibbs
Thank you Sotolo for your optimism, we certainly need it !
It may just be that Martin Horgan is expressing his satisfaction that The turnaround strategy is going to plan , or even batter then planned in the time frame, lets hope so!
No worries —
And thanks for the explanation, we've all been there and posted things out of frustration - myself more than most !
I apologise cowichan, I'd had a very bad day yesterday and a few more beers than I should and was in a very bad mood. I'm man enough to apologies when I've been a bit of a dick so apologies if any offence was caused.
Yes in this Horgan is indeed bullish about the future, in true Centamin tradition, but then makes one question this by his Panglossian interpretation of this last quarter just gone, his final words “this has been a hugely successful and very satisfying quarter,”.
Well if that is his idea of huge success what misery does he mean by the medium success he expects in the future??
However despite Pardy and Horgan I remain optimistic as long as gold holds and someone is tempted to buy us, saving us from these second raters who just won’t communicate to us owners as it is, as Cowichan keeps banging on about
Good interview and sounds very positive but he has been positive all last year and look where the sp is.
Sounds positive!
https://www.youtube.com/watch?v=DfApMSuoIqA
Hi Mr Gnome,
Just noticed a typo in the statement about Pardey that you posted, I have corrected it below!
Adrew Pardey also served as General Manager Operations at Sukari before his previous appointment as Chief Operating Officer in May 2012. He was a major driving force in bringing Sukari to near ruination in 2020 by have failed to instigate appropriate good mining practice and instead glossed over the true facts by instigating a risky operational procedure of high grading from 2014 for short term gain until a big crack in the pit wall exposed the folly of Andrews ways and he had to do a runner!
Hi Mr Gnome, Pardey has undeniably proven himself to be an inept director and mining professional, but exceptionally adept at being a deceitful toerag completely devoid of all the required attributes to be fit for post!
Similar to our UK prime minister Johnson!
Well said dealts, Cowichan is indeed one of the most sincere,genuine and caring people I have ever known!
In addition considering Cowichan's professional knowledge with his commitment to detail and the full acts I would be delighted if he were appointed as some representative on the Centamin board!
Indeed his growing circle of relevantly professionally qualified individuals from senior to junior levels who are keen to enter into debate on very relevant complex issues and then freely exchange or offer information is amazing to say the least!
I have no doubt that some of these professionals would get on very well with Dasut as I feel certain they would hold in high regard his previous industry experience and certainly his knowledge of Sukari!#
Moreover your comments,opinions and support are held in high regard and greatly appreciated by me, and I am sure by Cowichan!
Best
Tibbs
Lodan,
You are quite wrong or should I say certainly have the wrong impression about how seriously Cowichan 's posts are regarded by the Centamin CEO & BOD.
There is no point me trying to convince you of that, you believe whatever you want!
However that said you really have no idea of the man behind the handle"Cowichan", if you did then you may care to hold him in higher regard and afford him the appropriate respect.
Although it seems that you would prefer to criticise others who are doing proper research and trying to act in the best interest of all share holders, even those who can't be asked to do anything other than snipe on internet forums!
I fully agree there are certain market sensitive information, or embarrassing facts that Centamin are prevented from, or in the case of the latter would prefer not to release into the public domain and likely never would, if it were not for share holders like Cowichan who has every right to ask whatever he chooses, something that has been acknowledged by Centamin from the very top!
Andrew Pardey (Managing Director)
https://www.predictivediscovery.com/board-and-management/
ANDREW PARDEY
Non-Executive Director [MARVEL GOLD] MARVELLOUS?
Mr. Pardey has over 30 years in the mining industry with experience in exploration, project development, construction and operations. Between February 2015 and December 2019, he was Chief Executive Officer of Centamin Plc which holds the Tier 1 Sukari Gold Mine. Andrew also served as General Manager Operations at Sukari before his previous appointment as Chief Operating Officer in May 2012. He was a major driving force in bringing Sukari into production, having joined during the mine’s construction phase, and was instrumental in the successful transition of the operation through construction and into production.
The smart investors will hit the AVOID button ...
best
the gnome
Happy Birthday Market!
Your birthday happens to be on "World Earth Day"
https://www.earthday.org/earth-day-2022/
https://earthdata.nasa.gov/learn/articles/earth-day-2022-campaign
Sam Lees's "Garden Of England" (SeedsOf love" seems rather appopriate!
https://samleesong.co.uk/garden-of-england-official-video/
The autumn woods are one of the most visually stunning & sensorial places imaginable. There was no question of where else to dream into to make the first film for Old Wow. If there ever was a Garden Of England the Ashdown Forest is it. Seeds of Love and seeds of songs to come. official music video for The Garden of England (Seeds Of Love) taken from the new album, 'Old Wow', out now: https://slee.lnk.to/OldWow
Jacques Brel - Les Marquises
Monsieur Brel, is at his top level when he sings this magnificent song, and listening to it we want to follow his path, and live his passion!
This song is a cry of hope as he says 'This is where it all begins' and it is on an island that he will have left us. Note a successful score and orchestration in perfect harmony. François Rauber certainly has something to do with it.
https://www.youtube.com/watch?v=YwbpFI2JeRE
Hope you have a really lovely birthday and enjoy a few "Tots!"
Keep well and of course popping in!
Best wishes
Tibbs
God bless.
From one old-codger to another - Happy birthday Market. - Good luck, god bless. - Rebess
Freedom, Material moved is basically both waste and ore and if you divide the ore number by total material used you arrive at the strip ratio. The strip ratio being so high with waste means costs are high because waste brings in 0 revenue so costs straight to the bottom line or cost per ounce of gold.
The sooner the waste removal contract finishes the better and then "hopefully" we will see a sensible overall cost structure resembling good old fashioned mining.
This is the massive waste stripping operation needed to stabilise the open pit that has been hammering the sp and aisc. As far as I understand it, the previous management dug the pit too deep and too narrow chasing short-term ounces to fund unsustainable dividends and in an attempt to convince that they were running a successful operation. The new management is putting this right which is a good thing. But in the meantime we're paying for it in reduced divi and tanking SP.