Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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in an interview with Stansberry Research earlier this week, Kiyosaki pointed out that the eurodollar yield curve is now inverted (shorter-maturity debt has a higher yield than longer-maturity debt), which has historically meant that “something bad is happening.”
https://moneywise.com/investing/stocks/kiyosaki-three-assets-december?utm_source=syn_oath_mon&utm_medium=B&utm_campaign=20551&utm_content=oath_mon_20551_Robert+Kiyosaki+Says+We%27re+Already+in+a+%27Technical
Hi Siko,
Great to see you pop up here and wonderful to hear of the great work that you and the family are still doing in Egypt. Sorry however to hear of the extent to which it continues to be necessary.
Very best wishes,
Prof
Friday October 21, 2011 2:50 pm
Adair Turner, the chairman of the UK’s Financial Services Authority, has criticised potential European regulations that could prevent the UK from imposing its own stricter capital requirements for its banks.
In a speech at the Mansion House last night, Lord Turner said it was "wrong and potentially harmful" for Europe to prevent the UK regulator from imposing its own capital requirements.
He said: "One thing which is crystal clear, but an area of significant concern, is that forthcoming European legislation must allow adequate flexibility for the national variation of macro-prudential tools.
"European capital adequacy regulation should enforce minimum standards across the European Union, but it should leave national authorities free to exceed and vary them above the minimum. The idea that securing the single market requires the harmonisation of maximum as well as minimum standards is simply wrong and potentially harmful."
The European Commission and some countries have argued for so-called "maximum harmonisation" for when the 27-country bloc implements tough new capital requirements being drawn up by the Basel Committee on Banking Supervision.
The Basel III rules require banks to hold a minimum bank capital ratio of 7%, which European officials also want to use as the maximum level.
The UK Independent Commission on Banking recently proposed a higher core Tier 1 capital ratio of 10% for the ringfenced retail banking operations of UK banks.
Lord Turner joins a growing list of dissenters lobbying against maximum harmonisation of Basel III within the European Union.
https://www.fnlondon.com/articles/fsa-head-argues-for-gold-plated-uk-banks-20111021
https://www.bis.org/bcbs/basel3.htm
https://www.ft.com/content/6551322f-31ae-4506-9ffc-e48ce8e1a104
Thank you Tornado,
Mr Gnome will no doubt also find your post very interesting!
So it seems you have may have made a good choice Sotolo!
https://www.investorschronicle.co.uk/ideas/2021/11/11/tharisa-s-dividend-looks-precious/
Liberum’s analysts see palladium dropping off slightly next year ($2,400 an ounce compared with $2,472 an ounce this year) but have platinum making up plenty of ground and rhodium getting back above $20,000 an ounce following a recent sharp sell off. Liberum also picks platinum as the only major metal that doesn’t “carry downside risk” over the next five years. This is partly down to its weaker performance in recent years and attractiveness as a cheaper palladium alternative, but that is a strong endorsement for a platinum-exposed miner.
mrtibbles,
The UK government is probably relying on antiviral and immunomodulator therapies of which some are very hopeful. This approach tackles those going into hospital only and sending them home once stabilised on the new medication and accept for everyone else its a trivial event. Evidence on long Covid-19 prevention should come through in a few months time. Hence it becomes endemic rather than pandemic once that eveidence gets published. The antivirals and immunomodulators work on all Covid-19 mutations and new ones that are probably coming along and in theory should prevent long Covid caseloads. The issue, as we are now seeing in Australia, is whether the politics can adapt to a new way of approaching all of this and that will mean stepping back from dramatizing and abusing authorities power which the vaccination programmes have encouraged and sought to divide people and embrace new products in the toolkit when they come off the manufacturing lines in bulk six months from now.
Thank you Tornado,
No doubt if our present government is aware of this they will choose to deny, ignore or suppress it because it doesn't fit in with their agenda!
Cowichan
They have the data room for 6-8 weeks plus, and this may well be the second or third round. Recovery of sunk costs maybe an issue.
The inside running seems to be Sarama, as they have similar ore, so they would work out an optimum concentrate and truck this to their to be built plant.
https://saramaresources.com/wp-content/uploads/2021/11/november-2021-presentation.pdf
They have been in Burkina for many year now, so serious in the countryk, well known, and have been in West Africa longer.
Just a matter of agreeing terms that present a win-win
best
the gnome
https://threadreaderapp.com/thread/1480643229934661633.html
Basically it can not be assumed that because Omicron is milder that the next variant will also be the same. Once travel opens up new variants will evolve. Predicting the future is not that certain or straight forward at all. We also can not keep immunising populations as a way out of this.
This is a detailed report posted by Tiger over on the Tharisa board as to where they see Platinum Group Metals and Gold going. Over next 8 years they conclude that Platinum will rise every year, while Gold will fall every year single year. If That turns out right, it means concentration on costs is ever more important if Cey is to eke out profits as this grinding decade goes on. However I do notice at the end it says the report is paid for by Sylvaner Platinum, though it doesn’t hold out hope for them either as suggests rhodium will be flat to 2030 with a bit of a fall first, and Platinums small rise will be obviated by Palladium’s fall. They may be a bit easier however to predict than gold where the demand affecting price, with a fairly fixed supply, is very much investment not industrial, and the huge withdrawals from etf’s are very sentiment driven and could reverse, who knows?
Equities in Europe traded higher on Tuesday after Pfizer Inc. Chief Executive Officer (CEO) Albert Bourla remarked the company expects to have a vaccine adapted to treat specifically the Omicron strain of COVID-19 in March. Meanwhile, Novavax CEO Stanley Erck stated the firm predicted that multiple countries will authorize its jab in the forthcoming months.
Traders are now focusing on the speeches European Central Bank (ECB) President Christine Lagarde and her former Bundesbank counterpart Jens Weidmann will give later in the day.
The DAX rose by 0.58% at 8:03 am CET. At the same time, the FTSE 100 gained 0.33%, and the CAC 40 went up by 0.33%. The euro advanced by 0.10% against the dollar to sell for $1.13380 at 8:04 am CET, while the pound sterling stood flat against the greenback to go for $1.35856.
Baha Breaking the News (BBN) / JR
Gold currently + .39% at $1808 or there abouts
Hi Goldgnome,
That is an interesting development. All has been quiet for the last month or so in my hemisphere - I'd like for the mid-January date to be accurate so we shareholders can put the Burkina Faso fiasco to bed once and for all. Thanks for sharing mate - cheers
Hi Siko,
So glad to hear that baby has been helped!
It's heartbreaking to think these tragedies go on every day and barely get noticed while we go about our privileged lives. But thankfully there are caring individuals like yourself too -
I'm sure everyone on the forum is in agreement with me when I say we wish you all the best - your efforts in Egypt are very commendable - don't forget to keep in touch!
The ug expansion in going to be very interesting. There is a lot of optionality in mining methods in having bonanza grades.
Relevant page 41 on below
https://www.centamin.com/media/2317/cey_sukari_43-101-technical-report-231015_final.pdf
Hi Cowichan,
That baby's story actually had a happy ending and he is at his new home now..
I'm going to Egypt this weekend, and the stuff I see there is unspeakable.. Every time I go thinking about what I would see during my trip, and every trip is a new lesson and a new eye opener.. and I come back to England thinking how spoilt we are here..
The people in Egypt really help each other out.. and life goes on..
At the beginning of every month, my mum gets around 10 families knocking on her door to get their monthly allowances from her, this is the normal in Egypt, and with thousands of people like my mum, thousands of those desperate families keep going..
There is a completely different life to what we know here ..
My pleasure Mizolgit,
There appeared to be some general confusion or misunderstanding on what was actually taking place at Sukari and the aims of the newly implemented operational strategy.
last year Kees Dekker endorsed Martin Horgan's present strategy and commented that as long as gold prices remain at present levels Centamin will easily cope with turning things around and making a profit, however since then there is now the bonuses of two years extra mine life and newly discovered and confirmed, but as yet not fully quantified bonus "Bonanza structures".
I feel confident that there is much more to come yet, although this time the recovery will be based on sound mining practice and the rise to a respectable share price with be supported by achievable and long term sustainable output!
Thank you Mr Tibbles for bringing in a much more realistic reallity .to the negativisters,
It seems there is a rumour or assumption circulating on various forums that the Sukari grades will remain low for the next 4 years, however this is not the case!
The latest upgrade note from Liberum was a very welcome acknowledgement and recognition that the new managements strategy at Sukari is actually working!
The Liberum note summed things up pretty well, although it is essential to also refer to the Centamin LOA2 review-
Re the underground operations Liberum wrote:
"However, we feel reasonably confident that the UG Expansion Study will have a positive outcome that is similar to, or better than, that currently presented by Centamin. There is also the mouth-watering prospect of bonanza structures being brought into the mine plan: we see the Bast structure turbocharging 2023 production, followed by the 5105 structure a year or two later."
Re the open pit - from the LOA2 review Centamin stated
The costs of the increased stripping will be more than offset by the improvement in grade from the open pit.
However, and as per slide 16 from the presentation on 8.12.21, the head grade from the O/P will of course fall due to the fact of the stripping - which is over a 4 year period as there is a lot of waste rock being moved!
However the feed into the processing plant remains constant for the next few years (see presentation link below).
This is NOT factoring in any production from the bonanza grades identified (and commented on by Liberum),
But in fact this is a base case and part of the whole process of being consistent in producing 450-500koz per annum.
Remember, this accelerated stripping is mainly to provide flexibility for future years ,
this in turn feeds into the new strategy to be consistent in gold production!
https://www.centamin.com/investors/presentations-webcasts/
From mid December, 16th - 17th?
Technically 85-86 gap to be filled then will shoot up to 91/93/101/116
Or a goldfield
With so much debt and rising interest rates and runaway inflation, its a mystery how this will all get resolved. It look like s a minefield out there.
Cowichan
I have heard through the tortuous grapevines that the date for offers on Batie is mid Jan...
Any rumours in the northern hemisphere?
best
the gnome
December gold production 6119 oz with AISC 680
Forecasting revenue of 157 million for year ending 2022
Looking good
Ignore my last, it was from Friday!!!!!!!!!!!