Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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daren love your confidence but I am not too sure we are going to see any profits for a while yet there is just too much waste still to shift and going owner miner underground will mean reduced ounces while they get up to speed. So costs out stripping ounces so unfortunately I see first qtr results in my opinion being disappointing. I do hope I am wrong.
Cowichan it was a question that I asked but didn't get answered an exploitation licence at Batie expired last November and I asked what will be the impact on the value of the resource and also does this mean that the resource reverts back to the Government. As I say no response so I do reckon it is a piece of bad news waiting in the wings.
Batie West Project, Burkina Faso - portfolio rationalization, exiting Burkina Faso due to internal hurdle rates and license tenure
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Above is a quote from Centamin's 2021 Annual Report - it's the first documentation that I've seen where Centamin admits? or refers to the license tenure expiring.
Wonder if this means there will be no asset sale/recoupment of costs at Batie West too?
If so another dereliction of duties by our BOD costing shareholders hundreds of millions in wasted expenses and forfeited gold resources
page 7 here
https://www.centamin.com/media/2529/cent-ar21-full-web-secure.pdf
https://www.linkedin.com/feed/update/urn:li:ugcPost:6916998179066363904?commentUrn=urn%3Ali%3Acomment%3A%28ugcPost%3A6916998179066363904%2C6917144103130464256%29
Yes, certainly looking good now. All in place for increased profits and dividend
About to fly!!
Goldgnome, In reality The Treasury Dept, is dreaming.
It would be relativly easy for them to sell gold ,IF, it were neccesary.
The Central Bank is hardly desperate.
What real imports do they need.
Not a lot.
IMHO.
The U.S. is clamping down on Russia’s ability to sell its gold reserves and raise money, the latest effort to cripple the country’s war chest while the invasion of Ukraine continues.
The Treasury Department clarified Thursday that any transaction involving gold related to Russia’s central bank falls under existing sanctions, its latest step to limit Russia’s capacity to raise money. Although it would be difficult for Russia to sell its gold stash, analysts say the challenge of tracing gold through the ancient physical market allows potential loopholes for Moscow to raise funds this way.
Here is a look at how sanctions might affect Russia’s gold stash.
How much gold does Russia have?
Russia’s central bank holds more than 2,000 metric tons, worth roughly $140 billion, according to the World Gold Council. That represents the world’s fifth-largest stash, a hoard that has been built up in recent years, including with purchases from domestic producers. The gold is stored in vaults in Moscow and around the country.
Gold makes up roughly one-fifth of Russia’s foreign-exchange reserves, which also includes a mix of euros, dollars and Chinese yuan, according to figures from its central bank.
and so on and so forth ....
Kico News 04-04-22
US Mint sees strongest gold bullion demand in 23 years sells 426 oz in Q1.
European stocks were mostly higher in premarket on Tuesday as traders prepared for a string of services sector data reports from Germany, the Eurozone and the United Kingdom. In addition, the conflict in Ukraine and its economic consequences remain at the center of global attention.
The DAX rose by 0.16%, London's FTSE 100 was flat, while the CAC 40 was up 0.20% at 8:00 am CET.
The euro was flat compared to the dollar at 7:59 am CET, trading at 1.09700. The British pound was 0.12% higher against the greenback, going for 1.31280 a minute later.
Baha Breaking the News (BBN) / MS
Just sayin'
Major stock indexes in Europe traded higher in the premarket, as investors await the latest data reports. The European Union investor confidence and the German trade balance are set to be released later today.
Meanwhile, the European Union will be meeting on Wednesday to discuss a new set of sanctions against Russia.
The DAX rose 0.61% at 8:00 am CET. London's FTSE 100 increased by 0.49% a minute later. The CAC 40 was up 0.62% at 8:02 am CET.
The euro gained 0.06% against the dollar at 7:58 am CET, selling for $1.10518. The pound was up 0.11% against the greenback to go for $1.31290 a minute later.
Baha Breaking the News (BBN) / AY
Happy Monday y’al
Investors face a new challenge with an inverted yield curve sending a recession signal that is getting hard to ignore to pile on the inflation and war headlines. Against that backdrop, next week's release of the minutes of the last Federal Reserve minutes will be watch very closely for the line of thinking on rate hikes and plans to shrink the balance sheet. Economic reports of note due in include updates on factory orders, PMI prints, trade balance and jobless claims. Earnings nearly grind to a halt with another few weeks to go until Q1 reports roll in, but the conference calendar is active with a space symposium, cannabis gathering and large Bitcoin event all in the spotlight.
The price of crude oil has dipped below $100/barrel following the White House decision to release 180 million barrels of oil from the Strategic Petroleum Reserve - an unprecedented amount.
Central Banking
Federal Reserve breakdown: The week ahead features several speeches by voting members of the FOMC, as well as the release of the minutes from the last report. Economists will be watching for nuances around the discussion on the size of future hikes to the target of the federal funds rate, especially from St. Louis President James Bullard and other members of the hawkish side. UBS thinks the minutes will fail to reveal any consensus on the size of the May rate hike, but could tip off more openness for a 50-point move than anticipated. The discussion around the pace and structure of the balance sheet runoff will also be closely watched.
The Flareintel goal is to reduce and ultimately eliminate routine gas flaring. In 2021 flaring was responsible for 1.2 billion tonnes of CO2e, the equivalent CO2 emissions from over 260 million cars, equivalent to all cars in the EU.
Greenhouse gas emissions need to be halved by 2030 – this means mitigating 35 billion tonnes of CO2e by the end of the decade?. Ending routine flaring is technologically achievable in that period, but first there must be a credible, transparent and granular?global assessment of flaring – yes, flare by flare.
FlareIntel, launched in April 2021, is a digital tool that allows anyone to explore gas flares around the world. It tracks every gas flare globally via satellite by incorporating data provided by the Earth Observation Group at the Colorado School of Mines and other sources.
For the first time, FlareIntel makes it possible to see the scale, impact, and operator of all flares anywhere in the world.
FlareIntel was developed by Capterio, which provides gas flaring solutions for energy companies to capture flared gas, create value, reduce pollution, and improve reputation.
FlareIntel Free tracks every gas flare globally via satellite and incorporates Visible Infrared Imaging Radiometer Suite (VIIRS) Nightfire (VNF) nightly data produced by the Earth Observation Group – part of the Payne Institute for Public Policy at the Colorado School of Mines – and other data.
https://flareintel.com/flareintel-free
To: Boris Johnson
We, the undersigned, are concerned at this time of tension with Russia about the influence of Vladimir Putin’s regime in UK politics
We note that that the Conservative Party received significant amounts of money from Russian donors and their associates, including from people with apparent links to Putin’s government..
We note that oligarchs and officials from former Soviet republics with high levels of corruption have purchased more than £2bn worth of property in the UK.
We note that more than 200 Russian millionaires have bought their way into the UK in the last seven years, despite the government’s pledge in 2015 to stop corrupt oligarchs exploiting the system.
We note that parliament’s Intelligence and Security Committee’s “Russia Report” found that “Russian influence in the UK is ‘the new normal’”.
We note that the same report recommended that there should be an investigation into Russian interference in the 2016 Brexit referendum, something which has not happened yet.
The above points raise serious questions about the extent to which Putin’s administration - or people linked to it - might be able to interfere in British public life.
At a time when Putin’s administration threatens global peace, we cannot simply hope for the best. We call on you to immediately order an inquiry into whether or not money linked to Vladimir Putin’s regime is influencing UK politics.
https://do.opendemocracy.net/putinmoney
Gas/Oil/Energy true values certainly as finite natural resources have been taken for granted and squandered for political power and personal gain the world over by politicians indeed very much related to Centamin and the price of price of precious metals.
North Sea Oil.
Thatcher'sconviction' would have been nothing but folly without the North Sea's black gold. It was oil revenues that bankrolled the unemployment, the destruction of manufacturing, the high-exchange rate, the termination of British coal mining, and the big-bang that turned London into a capital of global neo-liberalism and pumped growth into the South-East in the early 1980s.
As North Sea Oil came on stream bringing in an estimated £70 billion in revenues, it turned the UK into an OPEC country, an oil-exporter, and it overturned a chronic balance of payments problem rooted in the post-war period of clinging to imperial over-stretch.
https://www.opendemocracy.net/en/opendemocracyuk/thatcher-and-words-no-one-mentions-north-sea-oil/
MrTibbles, Sir, Some first class informative and entertaining posts. They really are very good.
A few posts have been about gas, and as it's the W/E, perhaps I may be forgiven for posting a non-gold topic. I heard recently, which I was totally unaware of, that Israel has a deep sea gas field Tamar with proven reserves of 200 billion m3 of gas. That is remarkable enough. But I heard that forward planning includes pipelines to Greece and Italy to tap into European consumers and replace Russian gas supply in Europe. There is bound to be some very serious competition in that case as both gas supplier nations vie for economic dominance.
Hi Cowichan, nice update, can only agree with your conclusion!
Hi Bobliz,
Personally I very much agree with your opinion of Martin Horgan.
CAIRO - 30 March 2022: Minister of Petroleum and Mineral Resource Tarek el Molla on Tuesday discussed in a meeting with Peter Steenkamp, Chairman of South Africa's largest mining company, Harmony Gold, the investment opportunities available in mining and gold exploration, in light of the company's strong desire to invest in Egypt.
Harmony Gold Company is seeking to expand its business portfolio outside South Africa and Australia and is willing to invest in gold exploration in Egypt, Steenkamp said.
Harmony chairman praised the major transformation in Egypt's mining field, in light of the attractive investment climate provided through the recent amendments to the mineral wealth act.
https://www.egypttoday.com/Article/3/114361/South-Africa-s-largest-mining-company-eyes-investing-in-Egypt
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My Thoughts:
South Africa has been such a pain-in-butt country to try and run a business this last decade with legacy mines, labor unrest, power outages, water shortages and general disarray - Egypt would seem a walk-in-the-park...
Hi Tibbs
As usual very succinct and well informed information on CEY.
My personal view is that Horgan is playing a blinder. As I have said here before he has accumulated more than sufficient personal wealth as not to be motivated by monetary gain. His previous resistance to severe pressure to float his start up company was both courageous and insightful. I (as I said personal view only) is that status in the business and more especially the mining industry is his prime motivation. As such keeping your powder dry , share price on the floor and then at the right time release the brakes in an ascendant and acclaimed way is where I see the present situation.
More power to the day traders assisting the long term plan but those who post on here are spread betters or trading the wrong side of the book and will join the 60+% who have no concept of the mantra CAPITAL PROTECTION AT ALL TIMES and eventually succumb to the professionals picking their pockets.
Good wishes to all here
Bob
Many a true word spoken in jest Mr Bond!
I wouldn't be at all surprised to learn that some are already putting rumours about to discredit him for expressing such conspiracy theories and being anti American by exposing too much to potential aggressors!
Spot on Mr Bond, don't come any better than Cornish bred miners!
Cheers Mr T