Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Dasut, you may have digressed a little ,but it's all very interesting!
https://en.advisor.travel/poi/Williamson-diamond-mine-10931
Hope that you and all the other members have a very Happy Christmas and a very prosperous 2024!
Tibbs
Mark Twain also invested in mines and conclude “a mine is a hole with a liar on top”. However gold is doing what it has done in many past years and should rise into spring though as said before Hochschild should continue to rise faster than us. Happy holidays all,
Tony Shanta is a good junior that needs considerable funds to bring West Kenya to fruition and not sure I can see it being a large enough carrot for any of the larger mining houses. Barrick has been mentioned but they once owned it if memory serves me correctly.
I am not sure what it is about Kenyan mining properties because back in the day I did extensive trips through Uganda in particular the Karamoja region (didn't stay long too dangerous) but an area the geologists tell me is mineral rich, through Kenya and called in at several prospective camps one of which is now called West Kenya, on down to North Mara, staying in Mwanza and looking at many prospects including Geita which at that time was being worked by a husband and wife team of geologists and they were absolutely brilliant hosts and so knowledgeable about the concession areas that were looking to develop. Geita as far as they were concerned would be the jewel in the crown for Tanzania with all other areas relatively small in comparison. They were proven to be right and at that time Barrick had a team of people working out of Dar Es Salaam with about 5 different concession areas in their portfolio. From memory I think 4 of them came to fruition and two are still going Bulyanhulu and North Mara.
Another fascinating visit back then was to the old colonial Williamson Diamond Mine if you get a chance I think might be worth a google because old man Williamson was quite a character. I might google it myself to see if there is much on the net about it and him because fascinating story of how he had a gut feeling that paid off.
Sorry I digress.
I think Shanta needs someone with deep pockets to come on board if they are to get West Kenya up and running and I hope it happens because the juniors are the life blood of the mining sector and Kenya could do with a productive gold mine at long last.
Happy Christmas and prosperous healthy 2024 to you all
There we go Paul- the data was good :-).
https://www.fxstreet.com/news/us-core-pce-inflation-preview-federal-reserve-preferred-price-gauge-looks-set-for-another-decline-in-november-202312220700
Best wishes for Xmas and New Year to all my fellow posters. - See you in 24
There will be no smack down if the data released doesn’t support a reduction- it’s all about the data.
Creeping up a little at the moment. Lets hope we don't get a Friday smackdown from the USA.
What are the back of a cig packet calculations for the dividend for POD at an average of $1950 (which we must be near this year) and $2000? (which I'm hoping we will be above next year)
Gold doing well today
Thanks Razor for this daily post throughout the year..
Always the first post I look for every morning usually a good pointer to the type of day the markets will have... Have a great Christmas - you in NI for the holidays?
Yes, half day market today, thanks for the reminder!
Major European stock exchanges traded mixed in the premarket on Friday with all eyes on data coming from the United Kingdom. On the agenda, today, are the country's reports on gross domestic product and retail sales.
The DAX and the Euro Stoxx 50 traded flat at 8:00 am CET, while the FTSE 100 declined 0.44% at the same time. The CAC 40 grew 0.10% at 08:02 am CET.
The euro and the pound were both flat against the dollar at 7:58 am CET, selling for 1.09972 and 1.26897 respectively.
Baha Breaking News (BBN) / AY
Gold $2050.75
1/2 day market
Merry everything y’al 🎄
Hope he’s not broke up early for crimbo he’s let us down with no market report forecast 😂 only does it every day all year RESPECT!!
...😟
Enjoy your Solstice everyone.
LTH who dont post very often , I am not surprised , but enjoy your holiday and best wishes for 2024.
Holiday season?
As 2023 draws to an end, we reflect with pride on the milestones we've achieved this year and the exciting prospects in store for #Centamin in 2024.
We wish you and your loved ones a joyful and safe holiday season and a happy 2024. 🌟
Agree Tornado!
Creating more humans creates more carbon dioxide as millions more people exhale air. Stopping population growth would have a significant impact on future emissions but nobody wants to go down that road. More contentious then asking everybody to be vegan.
CO2 in the ocean turning it acidic so its killing off coral reefs? We are conducting a mass global experiment in carbon dumping and no-one, not you and not me, knows for sure what the ultimate result of that will be?
Until fusion comes along we're going to need a mix - renewables and fossil fuels - look at the power model at Sukari - less oil in the mix would be better.
"Yeah we should just keep dumping millions of tonnes of carbon into the atmosphere and oceans every year. What harm can it do?"
Let's keep it in proportion. Absolutely no harm whatsoever, possibly some good. CO2 concentration currently is around 0.04%. Maybe, but it is speculative as we could not measure the CO2 in 1850, maybe mankind is responsible for 25% of that, so 0.01%. Is it possible, do you think, that the continuous climate change we have seen for the last 4 billion years could be more influenced by the gigantic ball of fire and nuclear fusion that we call the sun, you know, that thing that provides 100% of all the energy on the planet. Sorry to sound a bit snarky, but CO2 is not a problem for the Earth. Pollution is a problem though and is a great reason for reducing emissions of pollutants, that should be our focus - CO2 is not a pollutant.
A few simple questions politicians should consider
To construct renewal energy infrastructure will take an enormous amount of energy. Where will this energy come from? Obviously until sufficient renewal energy becomes available this will have to be from fossil fuel sources and/or nuclear energy.
- Renewable energy infrastructure has a typical life of mine of 20 years. We can already calculate that as from 2050 we will produce twice as much waste per annum than currently we produce as plastic waste.
- The amount of mining required to produce one electrical car engine (average weight is 0.5 tonne) is 250 tonnes. This is produces almost all through burning fossil fuels. You then have an engine that needs to be charged with electricity. From what is this produced? Either fossil fuel, or renewables constructed from fossil fuel.
- The metal produced for renewables will have to be mined in areas where there is currently no mining. This will also affect the environment in a major way, not to speak of all the child labour involved in producing cobalt.
The efficiency of energy generation from fossil fuels (amount of energy obtained / amount of energy required to generate energy) is a much lower than fossil fuel (5 versus 15) and a fraction compared to nuclear energy (100). It means that renewables may well not give a sustainable economic society, alternatively will lead to much higher energy prices.
The current high fuel prices (which preceded the war) are due to pressure groups forcing oil companies to cut back on exploration and development, but at the same time requiring massive amounts of energy to build renewables.
There is very little potential further improvement for renewables: solar theoretical maximum efficiency turning foton energy into electricity is 33% versus 26% currently and for wind that is 60% versus 45% currently. Therefore there will not be any great leaps for gains here.
Also the largest battery factory in the USA that of Tesla would need to produce for 500 years to build sufficient batteries to hold one days energy consumption in the USA!
Yeah we should just keep dumping millions of tonnes of carbon into the atmosphere and oceans every year. What harm can it do?
It is a little bit difficult to have sympathy for a nation which creates its own problems.
Your zealotic approach to moving to green energy with little or no thought for the consequences nor pitfalls combined with a complete lack of true scientific backing for the move in the first place explain a large chunk of your problems.
Add to the above your unwavering support for NATO’s aggressive expansionary policies followed up with unconscionable sanctions which have caused you to cease to have access to reasonably priced energy sources and the cause of your problems become more & more evident.
I do not like to see people suffer but you reap what you sow, hopefully the hardship the UK population endures will make it consider the consequences of its actions more carefully in the future.
Many other countries including Australia are suffering similar circumstances caused by similar stupidities - it is pleasing to see that a true groundswell against the mindless ideology that is net zero is really taking shape as a result of people having to face the consequences of idiocy.
Yes Mr Tibbs
It was a very long RNS with several appendixes. Superior offer scenario is in black and white and providing it is at 14.85p or higher it constitutes being a superior offer (+10%). The board are market testing the sales price and the real bonus for an acquirer is the West Kenya asset which they have invested around $40M to date which is valued at nothing in that superior offer price.
Stock exchanges in Europe were mostly down in the premarket hours on Thursday, with the downbeat sentiment seemingly following the losses on Wall Street the day before.
Frankfurt's DAX dipped 0.31%. The Euro Stoxx 50 fell 0.45%. The CAC 40 slipped 0.19%. London's FTSE 100 increased 0.30%.
The euro added 0.12% against the dollar, to sell at 1.09451 at 7:56 am CET. The pound sterling was up 0.08% compared to the dollar, trading at 1.26365.
Baha Breaking News (BBN) / AB
Gold + .35% $2036.76