George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Quite so Mr Bond,
The other forms tend to be *****y to the extreme!
Kitco Gold Index.
US Mint Bullion sales rose 360% in May.
FED walks tightrope between big jobs gap and Rising Inflation.
The problem they have is complicated, by also not wanting to raise interest rates, and having to step in, heavily supporting Bond purchases.
Trapped by their own policy.
Somnamna,
I think it was just an exchange of views on a topic that related to other issues that both held different opinions on, no offense was meant by either to the other party, that just have different views on this issue.
Cowichan deserves answers to his questions, although like Mr Bond I have great reservations about the amount of money already spent on exploration for what seems to be very little return either now or in the future.
Indeed the argument now seems in favour of concentrating on running things properly in Eygpt after recent changes to investment and development laws and offloading other resources in West Africa ideally for a reasonable price.
Martin Horgan has a bit of a task of restoring the operational capabilities of Sukari in order to become a flagship mine Sukari offering great potential, although instead it has narrowly avoided becoming unworkable, if Sukari went down then these other west African satellite reserves would be pretty meaningless as far as the share price was concerned, at present they are just money pits rather than money producers!
Sort out Sukari, that should be the priority for now, in my opinion.
Rebess I agree.
It shows just how important it is to maintain confidence in the US $ as World Reserve Currency.
The need to divert attention from inflation threats, it is a battle to the end for the US FED and Banking institutions.
They may even partially succeed .
Whether it is intended manipulation or not ,one can only guess.
Quite so Mr Gnome, but then the Brexiteers will be rejoicing this big deal by Boris s heralding in a new dawn for the UK which might lead to 0.02% in 15 years!
Oh yes it's easier for Bits under 35 to move to Oz and vice versa?
Oh you will be able to buy UK made cars (What UK cars they are European) and Scotch whisky more cheaply!
Trade secretary Liz Truss said: “The UK exported £5.4 billion worth of services, including £1.4bn of insurance and pension services and £780m of financial services, to Australia in 2020.
Oop's when Scotland gets independence and rejoins the EU Whisky tariffs will apply to Oz!
In the meantime the Irish backstop problem still remains and our UK ports are in such a state of congestion that thousands of trucks are being parked up in hastily built truck parks that don't conform to UK planning regulations which is causing light , noise and air pollution to nearby residential areas!
An article in Politico last week stated EU officials and diplomats were discussing an emergency plan to solve the impasse over the Brexit settlement in Northern Ireland that would see Ireland’s access to the bloc’s single market for goods restricted.
Mairead McGuinness rejected the suggestion, saying: “There is no interest here at the Commission or in the European Union to make the problem an Irish problem because clearly this is a Brexit problem.
“It is a decision of the United Kingdom, which they took in my view without due consideration of the wider implications and what we’ve been trying to do since that date of that referendum is work towards agreements with the United Kingdom to minimise the disruption and the damage.”
She continued: “I would like to stress very clearly that that is not on the agenda here, and that there is again and remains huge sensitivity for the island of Ireland and Ireland as a full member of the European Union.”
Commons Speaker Lindsay Hoyle angrily reprimands Downing Street for giving a COVID-19 press conference before addressing MPs!
I can't understand how Boris gets away with this, it's like something from a Monty Python sketch!
Mr Bond I am sure it was not meant badly but part of your post came across as a personal insult to Cowichan.
I agee 100% that differences of opinion and debates are healthy.
You are both valued members of this board and for me it was sad to see.
Somnamna.
Apologise, for what ?
Differences in opinion, are normal and healthy.
I have not insulted nor used misleading information.
This is a BB ,read some other BBs, then you will see this one is gentlemanly and ladylike, in its tone.
Commodities: - Base metals getting slaughtered today. - Agricultural yesterday. - It seems like the levers of manipulation are everywhere. - As inflation becomes a problem, we're gonna see a lot more of it I feel in attempting to control price-inflation. - Once again highlighting just how much control there is in supposedly free-markets. - Scary or what? - So, it's not just Gold. - It's everything!
Seconded
Cowichan, thanks for your informed and intelligent posts about Centamin and its prospects, they like any others relating to how Centamin and gold might move, and what might move them, are always appreciated.
You are a stalwart of this board am sure MrBond who seems a good sort if he took the time to reflect would be man enough to apologise for his crass posts.
Macron is not the smartest guy in the room, or the most worldly. MIstake a day seems to be his mantra. Good luck to the French, you get what you elect. We are suffering downunder...but apparently we are doing so well. A lot of small businesses wil shut their doors, especially if another shut down is called by the Chief Health Officers.
Boris sells out again!
The UK’s new trade deal with Australia will bring “fantastic opportunities” for Britain, Boris Johnson has said.
The prime minister hailed the agreement, which the government expects to grow the economy by just 0.02 per cent over 15 years, as a “new dawn” for Britain.
A statement released by Downing Street on Tuesday morning said Mr Johnson agreed the main elements of the deal at a meeting with Australian Prime Minister Scott Morrison in Downing Street on Monday night.
Under the deal, tariffs trade will be removed, but there will be a cap on tariff-free imports for 15 years.
The free trade agreement also makes it easier for people from the UK under the age of 35 to live and work in Australia, though the details are yet to be released.
But British farmers have warned that imported Australian food produced at industrial scales and to different standards will drive them out of business.
The government says that the UK-Australia trade relationship was worth £13.9 billion last year.
“Today marks a new dawn in the UK’s relationship with Australia, underpinned by our shared history and common values,” Mr Johnson said in a statement.
“Our new free-trade agreement opens fantastic opportunities for British businesses and consumers, as well as young people wanting the chance to work and live on the other side of the world.
“This is global Britain at its best – looking outwards and striking deals that deepen our alliances and help ensure every part of the country builds back better from the pandemic.”
Trade secretary Liz Truss said the deal was “a fundamentally liberalising agreement that removes tariffs on all British goods, opens new opportunities for our services providers and tech firms, and makes it easier for our people to travel and work together”.
On Tuesday morning Cabinet Office minister Michael Gove responded to farmers’ concerns about the deal by arguing that the proportion of meat coming from Australia would be a "pretty small" part of the country's overall production.
"It is the case that there are some practices in Australia that we wouldn't allow here but it's also the case that we have restrictions on some of the products that can be brought in because of our particular public health requirements,” he said.
"The other thing though is that the majority of Australian produce goes to Asia. That's their closest market, it's a growing market as the demand for protein, for beef and lamb, grows in Asia.
"The proportion of Australian meat that's likely to come to the UK is going to be a pretty small part of their overall production.
"So, you know, it's also the case as I understand it, that Liz Truss in the negotiations has secured a commitment from Australia to work with us on high animal welfare standards and I think that's a good thing."
On Tuesday Mr Ashworth had told the Commons: "Our borders were secure as a sieve and all because the Prime Minister wanted a photo call with Prime Minister Modi!
Monday, 6/14/2021 14:18
GOLD PRICES extended a decline to over 3-week lows on Monday, falling as the US Dollar held at 1-month high on the currency market while the G7 group of Western nations ended its summit in Cornwall, England vowing to counter China's global influence, writes Atsuko Whitehouse at BullionVault.
Also discussing debt relief and investment in Africa, the G7 Summit saw France's President Emmanuel Macron call for the International Monetary Fund to " sell some of our [joint] gold reserves...because [they] have risen in value because of the [Covid] crisis.
"We should give this excess profit to the poorest countries, particularly in Africa, that need it today," Macron went on, echoing calls made during the global financial crisis of a decade ago which resulted in sales to India's central bank.
"Not in 20 or 30 years. Today."
New data meantime say speculators cut their bullish betting on gold for the first time in almost 2 months last week, ahead of the US Federal Reserve's decision on interest rates and possibly "talking about talking about starting to taper" QE money creation and bond purchases this Wednesday.
Spot gold prices dropped as much as 2.1% to hit $1854 per ounce Monday lunch time in London, the weakest since 19 May.
Prices for silver, primarily an industrial metal, fell only 0.8% in contrast to $27.69, albeit reversing last week's gain.
"The price action suggests that the speculative market was heavily long [on gold] as of Friday and that the culling of positioning continues in Asia today," a market analyst said to Reuters.
Latest data show that hedge funds and other leveraged speculators in Comex gold futures and options in fact cut their bullish betting for the first time in eight weeks over the 7 days to last Tuesday.
Despite also trimming their bearish bets as a group, that pushed the net long position of Managed Money traders down 2% from the biggest since the biggening of 2021.
Macron seems as out of touch with the exploitation of gold mining workers in some countries and the price manipulation by the paper sales on Comex!
Hi Sotolo,
Yes I agree Cowichan is a decent well meaning chap with great integrity who works tirelessly to keep everyone informed but then we are lucky enough to have a number of other members of a similar nature!
Hi Razor's, Shopfitters always do very well, it seems there is a bit of a shopfitters Cartel so they tend to charge what they like because the retaining companies claim most of it back against tax !
I have always found Regatta work wear and outdoor clothing to be very good value, although they keep changing the places of manufacture so he sizing has never been reliable or consistent, Graghoppers are better quality and always very generously sized, but quite a bit more expensive, although I am wearing Regatta outdoor zip off walking trousers at present!
Hi Redsparrow,
I can recall when nobody wanted E types, they were thought of as rust buckets, about 35 years ago a mate of mine bought a reasonably sound but tatty E type for £1000 , over the years he brought it back to near concourse condition , now with with 39,000mls on the clock its worth around £70-80,000 depending on how badly the buyer wants the car!
Mr Bond raises a very valid point about the brakes, The MK1 E Type Dunlop disc brakes were developed on the C and D Type Jaguars which allowed them to win at Le Mans so they must have been fairly good.however Jaguar did offer a competition disc brake upgrade in period at a cost of £163/2/6 including tax!
If you intend showing an e type concourse "competition" shows then fit the original caliper or you will be down pointed, these work fine in most road conditions, BUT leave a good gap between you and the BMW in front...which of course we all should anyway!
Off topic I know, but thought it may be of interest to you!
Australia's Productivity Commission chairman Michael Brennan pointed out last week that in the decade since 2010 – even excluding last year – Australia recorded its slowest growth in GDP per capita of any decade in at least 60 years. Add in last year it was a lot worse. Significance? Without productivity growth one will not get sustainable wage growth. Not surprisingly, there has not been any substantive wage growth for a decade in Oz. If your job does not deliver gain in income, then look to some other investment to make it up! Capital growth, Dividends, sustainable dividends.
Without a comprehensive economic reform program, Australia will inevitably have weak growth in living standards during the remainder of the 2020s and into the 2030s. Probably living standards will decrease. And without economic reform, the current budget settings will prove unsustainable. Given Australia's "leaders" inability to action reform (why, they are relaxed comfortable, and on a pension at the end of their term?) what would you bet on? CEY?
Of course, more reports, investigations and recomendations. G7 meetings and G145.9 meetings
In the meantime, good to seek investments in real assets, income (diviends) if you please, and CEY has done an excellent job on the dividends front, and my bet is this will continue, espcialy with the old management gone. MandA target probably. I certainly would not bet on productvity reform and increase, taxation optimisation, and a larger Oz government
good luck punters!
and luck we need!!
the gnome
Cowichan, thanks for your informed and intelligent posts about Centamin and its prospects, they like any others relating to how Centamin and gold might move, and what might move them, are always appreciated
Well played Razors, lets indeed all hope for more good fortune.
Aiolfe the E type club had a weekend meeting at Shelsey Walsh Hill climb over the weekend.
Wish I still had mine,.
Great fun, but unless the brakes have been upgraded to present day, difficult to stop without leaving a trail of rubber and smoke. :-)
Let's hope some of our dividend payment finds it's way to more purchases today
Hi RazorsEdge
It's nice when plans and hard work come to fruition.
FOMC meeting this week. Could this be the moment?
Yesterday, while I was driving near my home, seven E-Type Jags in a row drove in the oppsite direction, with a Land Rover pulling a trailer that had another classic/vintage car on it. I have never seen that many E-Types on the road at one time. They must have been going to a show. How much money had just past me at that moment?
Hmm. A kilogram or two of gold or an E-Type? I know which would be more fun.
A very busy today for me too, but it's sunny.
@RazorEdge Thanks for our reports each day. So glad all turning out well you can relax now how marvelous treat yourself to something nice.All the best Lynn
Major European stock markets registered gains ahead of the opening bell on Tuesday following the British government's decision to delay fully lifting coronavirus-related restrictions by a month until July 19.
The United Kingdom remained in focus, with recent reports claiming the country has reached the long-awaited post-Brexit trade deal with Australia and that the official announcement will be coming later today.
The FTSE 100 rose 0.40% at 7:37 am CET, while the DAX climbed 0.52%. Meanwhile, both the euro and the pound stood flat against the dollar at 7:38 am CET to sell for 1.21252 and 1.41160, respectively.
Breaking the News / ND
Divi say and my commercial property lease both activate today.
Meeting Shopfitters from Regatta clothing U.K. at the premises at 8:00 am to hand over the keys marking June 15th as the start of a ten year lease.
Big day here!
Bol all
Word is that that Naguib still feels he hasn't been treated as fairly (or preferentially) as he should have been as an Egyptian in these concession awards.
Most likely Naguib will always feel hard done by though because he begrudges anyone else being seen as more important or successful than he may be.
As past events have shown the Egyptian press will usually print before doing any fact checking on the accuracy of the claims, even more so so if the claims are from someone like Sawiris, also mining magazines are no different to any other, they are desperate for paid commissions and dependant upon advertising revenue.
Past events have shown that although Naguib continues to make lots of money, he also haemorrhages it on some leas than prudent business decisions and investments in companies that are parasitical in their consumption of cash for very little in return other than lots of swish PR full of promises of riches in the future!
I am not disputing Mr Hall may be a a good ,even excellent geologist, but then so it was claimed was Mr Pardey, as we are aware that doesn't always guarantee they will make wise business decisions and being paid to produce feasibility studies is all very well, but as we are also aware these studies more often than not aren't guaranteed to result in a profitable or sustainable mine anytime soon!I
I just can't get exited about Sawiris or any of his projects!
'Bought in at the peak like an amateur? '
MrBond - why would you pretend to not know how long I've been holding?
Normally I'd expect a newcomer to hurl insults. Simply saying things to aggravate is shameful.
Carry on ranting Don.
Why are you so aggressively, responding.
Bought at the peak like an amateur.
And find it difficult to trade.
I sympathise, if so .
I do not give advise, as you seem to imply.
You filter me if you wish.
You are in a way, very bright.
But edit your posts.
It does not seem you like anyone disagreeing with you.
You are not always right, nor is anyone.
Start to question yourself more.
If that is possible ?
I certainly do not defend CEY BOD, I put myself in their position, a new CEO inheriting a total shambles.
End of conversation for now.