Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Quite Right Bond, glass is half full, just feels half empty
Yes another year and it may be much differnt for PMs.
But looking at it another way ,finally a win win for LTHs in that full roduction then at higher sale price =more profit along with further expansion.
What most forget is the rest of the tenement 157 sq klms is at the moment untouched.
Plus the bonus of new licences. Of course not forgetting Cote de Ivorie, who knoes what there.
Bl--dy hell this is looking a bit grim now. That Liberium target is close.
We could do with a bit of good news and a few decent sized director buys. I hope we have started to turn things round, with getting that pile of dirt shifted, the bigger lighter trucks coming along, the solar coming on line and that upgraded crusher. What about the new consessions and some good news in Africa? Maybe santa will resolve the court case!
and what of the court case and mining confirmations?
Looks like its a dog for another year, lets hope the GP increases to balance the **** poor performance. 83p, we are in a buyout territory, the offer, if it comes wont be pretty
Buys = sells , always. The price is set by the marginal trade on the order book, ie the price participants are prepared to trade at. This is clearer if you watch the order book, or trade on the order book, ie buy on the bid and sell on the offer.
Great find Halfpenny, well done.
Trading volume over the last 81 days of 31 more sold, of 47 more bought of 3 average, but a consistent sp decline. For 2022 the rise in AISC was likely, cause inflation. The 50% increase to 150m cost saving programme, the annual production increase towards 500k and the 25% increase in gold reserves outweigh 1 year of high AISC plus gold could be higher in 2022,sp too low for fundamentals and prospects, opinions?
Get our hands on some Barrick shares....lol.
Therefore the lower the sp goes the more likelihood of a takeover a win win scenario ....lol.
No offense meant but I'd take notice of any professional report over anything written by so called experts on any chat forum and that includes myself ??.
Hi Kando,
Interesting post with some pertinent points, like your optimism! , we certainly need plenty of that at the present and confidence in the new management strategy!
I like that word ' disgruntled ' Don't get too complacent though .
The last time it was 80p was nearly 3 years ago , when AISC was half of what it will be in 2022, and when gold prices were on the rise. Also there was more positive sentiment towards a more productive pipeline of future developments.
Since then Sukari has now had 3 years worth of depletion and by their estimation only 10-12 years remain ..news regarding West African assets look less promising than they were , and the mountain of cash is now being likewise depleted to fund capex
Not quite the same circumstances ..of course you could still be right ..let's hope you are
Yes Kando. I pretty much concur with your observations
Volatility everywhere atm.
Retail shareholders , such as ourselves registering our disapproval , as you and gnome suggest is another angle to adopt, to strengthen investor revolt .. the third angle of attack would come from the trustees of the individual company pension funds who are investing their beneficiaries monies with those passive institutional investors ...there is always a way to succeed .
The problem here of course , is that none of these actions are in play.
Not quite sure what we're all so disgruntled about. The share price will recover. The update was a positive one. CEY has been dragged down with metals and other miners on the strengthening dollar and the piling back into certain riskier assets, but this will be temporary. Sure, the fair market value for CEY is closer to 105 than 85, but that's not entirely relevant. It's down on sector weakness. There's plenty to be encouraged by in the form of improving yields, maintained dividends and the prospect of multiple Gold tailwinds. This is still hovering around its support levels. It has spiked down to as low as 80 before, but everytime it has tested the 80p range in the last 5 years, it's soared back up by 40 to 100% within 100 days.
Mr T...it is often predator private equity firms who take up positions on the cheap , looking to benefit from quick turnarounds that they think are achievable in the short term ...there only has to be the ' perception of changes in a company's fortune ' rather than the subsequent realisation of it, to bring about a rapid turnaround of share price . Of course , once they get ' inside the organisation ' and uncover what is really going on , they may conceivably increase their holding and become even more demanding in the process .
I have spoken previously about what I consider to be a sensible strategy to turn the situation around for shareholders
Create a devolved body to run the West African assets ..given free and autonomous power to operate, unencumbered by day to day interference from head office . They will be given adequate funding (possibly financed by debt ) but with progressive targets designed to create value from the asset.
In the mean time , dividends should be reduced to prevailing US interest rates plus 1 or 2 % equity premium . No room for debt AND excessive dividends given the current circumstances
Hi Candid,
Good idea, any idea on which institution or fund to approach?
Also think it was at the 2018 AGM there was a vote against the directors proposed remuneration?
I was made aware a couple of years or so back when Centamin seemed not be acknowledging or answering questions that out of frustration a group of retail investors took to contacting the analysts (RBC Capital etc ) and some of the media market analysts via email highlighting their concerns,, this certainly seemed to have stirred up some discomfort with Centamins official PR of firm of representatives who then contacted some of those share holders concerned and asked them to refrain as the analysts were complaining to them about retail investors not following the correct contact protocols and procedures and that all enquiries should be put through the Centamin appointed PR firm.
I am sure Cowichan and some others will remember?
Same here halfpenny.
Its a waiting game. In the UK with so much money in the banks not earning anything, a lot of people will start buying gold as an inflation hedge. The issue about inflation goes well beyond what happens in 2022. Its like central bankers having amnesia in that COP26 never happened and no effort will be made towards climate protection activity. In addition the central banks are actively subsidising carbon producing industries and actively penalising the climate protection equity companies with 12-16% interest rates. This has gone on all year and on top of this central banks and governments are quite happy for cryptocurrencies to carry out with their excessive energy use that dwarfs the entire precious metals sector which is trying to use more renewable energy sources. The climate change agenda is inflationary and what central bankers and politicians can not get into their heads is that there is a huge cost to repair all the damage from climate extreme events and this is not constructive GDP and its not productive either and it has a greater inflationary impact down the line. Whatever happens, inflation is not go to stay at 2% unless the intention is to stay on the high carbon dioxide producing path we are on. Tony
A good way to gauge shareholders disapproval of directors performance is to look at the level of votes cast against the directors remuneration report and the re-election of directors. These can be found in the results of the AGM Rns
The votes registered against the Directors remuneration package was less than 0.1%. Similarly the reappointment of each of the directors went through on the nod The only director to attract an over 1 % opposition to his reappointment was James Rutherford I think, who had 1.6 % votes registered against him . It will be interesting to see how these votes change at the next annual report , until then, expect no change in direction .
Candidness of shareholders is required here , rather than blind faith , shareholder wealth is being destroyed and at a rapid rate ..markets were swift to react to the nothingness of the 8th December update of life of mine report , and momentum is only growing .
What we could do with is an activist investor , holding more than 5 % of shares , who can force his or her way onto the board, perhaps as a non exec director to shake things up . What we have is passive institutional funds probably managed by wet behind the ears ex public schoolboys, eager to be taken on a directors organised tour around the pyramids and the valley of the Kings and Queens or is that being unfair?
Pog might get a bid on Omicron, Ukraine, Taiwan and Evergrande fallout but then there's the Fed lies later this week.. Happy to hold here and top up on this weakness myself.
Hi Mr Gnome,
I wonder if there be bonus share awards to the directors this year?
There is supposed to be a certain criteria that has to be complied with to justify such rewards?
Wonder what Marmots view is on things after 08th Dec update?
Equities in Europe traded higher in the premarket on Monday after the United Kingdom issued additional fishing licenses for fishing vessels from the European Union, temporarily solving the issue between the two sides. Later during the weekend, Britain stated it will offer booster doses of vaccines against COVID-19 to every adult citizen by the end of the year in an effort to prevent the spread of the Omicron strain of the virus.
The DAX rose by 0.50% at 7:47 am CET. At the same time, the FTSE 100 gained 0.40%, while CAC 40 expanded by 0.49%.
The euro lost 0.27% to the dollar at 7:57 am CET, selling for $1.12871. A minute later, the pound sterling declined by 0.29% against the greenback to go for $1.32306.
Baha Breaking the News (BBN) / JR
Happy Monday y’al