Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Specially for Red and Australian friend Mr Gnome as Jacobs Ridge is in Oz!
https://www.youtube.com/watch?v=7N1ljhWAsAU
https://www.youtube.com/watch?v=4lER8x4ZYmc
If this gives you a laugh and a giggle or brightens your day a little, please show some love by clicking the link to secure the sanctuary
http://fnd.us/11nYQc?ref=sh_238uyc
Yes Mr T .
Joseph the chairman, started liquidating his Shareholding in May 2016.
Which could possibly be a coincidence if you believe in coincidences .
Then finally resigned.
Though he still owns 10 million in his own name.
Whereas the wind bag Uncle Youseph sold his last year giving a lame excuse.
Not setting a good example is putting it mild.
Hi Market,
Sorry forgot to mention, quite a change of attitude at Centamin since Martin Horgan's arrival full communication's have resumed with Kees Dekker!
Hi Market,
I hope that you are in good form and still managing to enjoy a few "Tot's" very important!
You may recall the concerns flagged up by Kees Dekker mining analyst in 2016 and 2018 which Pardey denied and claimed were due to Kees using inaccurate information.
However, when Kees offered to review the 2016 report if Pardey would like to send him what he regarded as the accurate information all dialogue ceased and instead Pardey put in a complaint to the editor of Seeking Alpha.
As we now know after another critical Kees Dekker report in 2018 again flagging up concerns about how Sukari production was being managed, yet again Kees has been proven right.
Pardey and his sidekicks have been proven to have acted unprofessionally and irresponsibly for many years, sadly this seems to have been condoned by the El Raghy family who must accept some responsibly for knowingly going along with what can only be regarded as deception of the shareholders!
I fully admit to not being a mining professional, I fully accept that some of our members are, I also accept that mining is dangerous, difficult and fraught with some unforeseeable difficulties.
Howler I have learned that when a mine is operated in a professional and proper manner with the aid of previously acquired geological knowledge and todays technological aids that production risk should be mitigated.
Clearly this didn't happen, despite what turned out to be avoidable Sukari production setbacks Pardey continued to "Sail close to the wind" with his first mate Youssef until the most recent near catastrophe that had the potential to render the Sukari world class asset to a pile of uneconomical to mine pile of low grade spoil!
There is no defence for Pardey he failed to execute his professional duties in the proper manner, instead of safeguarding the shareholders best interest it seems he duped them.
Surely, it's not unreasonable to suspect that the El Raghy family considering their involvement at Sukari were aware of the mismanaging of the open pit and yet they chose to ignore it, even condone it.
So, after so many years of kicking the can down the road sitting on the fence and promises of "Good times coming!" only to result in more lame duck excuses then how reliable is the information presented on West African reserves?
However, at long last and just in time it seems that our new CEO Martin Horgan has the professional capabilities and intentions to run Centamin as it always should have been, but of paramount importance he seems to have genuine integrity!
Good to hear from yo Market.
Sounds like Nurse Ratchet is a good sort.
I suspect you are her naughty boy ,who she keeps a beady eye on..;-)
I do hope centamin moves forward for the loyal gents on this board - enough to give you a good exit point. For the old guard who know me I play a little on line poker for the thrill and I am not to bad at it. Nurse ratchett is always a pain when on my lap top telling me not to do anything silly hence why i am always late. when in my position being able to follow this board is a real +thanks all and lets get the flip flops out again x
CAPD sounds strong and good fundamentals, looks like doing well in the future.
And paying a Divi.
At Sukari in Egypt, where it is working for Centamin PLC (LON:CTY), Capital said earthmoving works continue to ramp up in line with expectations and guidance for full operating run rate remains the fourth quarter of this year.
From proactive 2 days ago.
Evolution Mining will invest a billion dollars over the next two years in a bid to halt a four-year decline in output and grow gold production by at least 30 per cent. [it has tried exploration and MandA]
The growth strategy will include the $380 million expansion of the Cowal mine in NSW, where an underground mine will be built beneath the existing open pit so long as final government approvals can be obtained.{and of course that it makes money, meets investment hudles etc, but lets move on]
The new strategy was announced on the day Evolution revealed it produced 680,788 ounces of gold in fiscal 2021; about 20 per cent less than the company produced in fiscal 2017 and the fourth consecutive year of lower gold production [gulp?].
Strategy of course has somewhat of an ambiguous meaning in the goldindustry The gold industry is not famous for its strategies, but it does continue to try, somtimes real hard...
best
the gnome
Let us be fair, if not brutal. Democracy does not elect smart people. just those popular (for one reason or another). The biggest revelation of the covid shenanikans, is just how self centred, utterly incompetent and arrogant are our elected few.
Chief Health Ministers aside, who have had protected careers, in government, NGO' amd academia their entire life. It is hard for a mere mortal to see an end to the fiasco.
good night and good luck
the gnome
In this week’s Live from the Vault, Andrew Maguire sheds some light on the Bank of England's attempt at carving out an exemption from the Basel III compliance. The precious metals expert explains the implications of this LBMA accommodation and whether or not it's capable of freeing gold loans and leases from Basel III and capital requirements.
Andy Maguire also confirms his position on his bullish outlook on gold and explains what we can expect in the precious metals market in the upcoming months, as we’re observing the extended Basel III window slowly closing.
https://www.youtube.com/watch?v=pCJ7QF3cZbs
My thoughts, the UK government has failed to consider, or possibly out of desperation to hide its failed policies ,or even so used to lying that it doesn't care, that this action of trying to protect a financial activity that is deceitful and corrupt has tarnished the reputation of the BOE and indeed the decent people of the UK .
Shame on Boris Johnson, his cabinet and above all the BOE governor for his gutless capitulation!
22nd July I believe q2 production report
I must have missed the announcement. - The next I am aware of is the interim report on 4th Aug.
Look at the list of the top FTSE 100 fallers today and they are nearly all mining companies.
Well I hope the Sp doesnt go down, but Im not too bothered if it doesnt go up, so long as there is a good dividend, which will be reinvested this time. After that, Ill probably take the cash from future dividends. Hopefully, there will be good news and maybe late in the year or early next year, we will reach the pre "Bad News" share price again.
I suppose after all the turmoil of the last few years, "Good News" would be fairly quiet and along the lines of " Waste removal ahead of schedule. Ounces mined slightly ahead of target and contracts for new parcels of land signed" .
Maybe one day, the court case will finally get kicked out as well-----------------------but Im not getting any younger!
All PMs remain unloved at the moment- strange they are all suffering with what is, a great gold price.
The solar plant won't do the ASIC any harm that's a given. Crypto and meme stocks getting hammered won't either? Interesting and wonderful times we live in.
Yet another week and stuck in this sp range, well there's always next week
Hello Halfpenny, the share price could go either way on Thursday. I like everyone else holding the stock hope it jumps by 20% plus.
I know of no reason for it to drop but who knows.
I think a great plus for the share price that will reward again and again is the installation of the solar system which will repeatedly affect the gold production/processing cost.
My hope is of course that the pps rises on Thursday but if for some reason it doesn’t I believe Centamin is a solid investment for the next year and beyond.
Might run up to these next week, bought another 25000 just in case?
Looking just at Gold Price you can tell it's Friday.
Usual Friday knockdown.
It's becoming a regular occurrence, plenty of paper to flush away.
Agree MrBond.
All stocks crash when markets do. All evidence points this way- also all PMs suffering at mo- fortunately my main pension is managed by others- and has risen 60% since it dropped 28% from the COVID drop week in March2020. Had I listened to many the "analysts/experts" since the COVID crash in March2020 and liquidated to prevent further damage, who since have said at various times markets will drop further, I'd been jumping of a very tall building now.
Rates remain so low, and we have had and will continue to have, a "K" shaped recovery- this points where to invest- people make zip outside of equities.
I've some here outside of my main pension and done well over the years on CEY- which has pretty much performed in line with other PMs , if you take out the hit in the Oct2020 due to the mine issue.
All these mentioned shares have their own personal issues going on, from political to production. That all needs to be factored in b4 investing. Are these issues in hand or not is an important question? Not to mention price trends. PM price isn't the only factor to consider..
Its not just CEY.
Fres is -3.8% Hoc -2.4%.
Its normal at the moment.