Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Excellent Cowichan!
Thanks for posting!
Good Find Cowichan!
You should pass this on to some of the UK mainstream media, this needs exposing !
Murky Ghana gold deal raises questions about Jersey
What is more, Agyapa’s location in Jersey could place important parts of Ghana’s future before the courts of Jersey, which has just as much, if not more, of a pro-capital, anti-sovereign bias than London’s, and on past records may be prone to “unusual rulings” in this respect – as we have noted before
There are many other reasons why Agyapa appears likely to be an exceptionally bad deal for Ghana.
Jersey should open up further to scrutiny. It should:
urgently publish its beneficial ownership registry, and not just in 2023;
demand beneficial ownership definitions should include any individual who directly or indirectly owns or controls at least one share, regardless if listed or unlisted;
publish all legal owners online even if they own less than 1% of shares immediately, and not only once a year;
publish annual financial statements of all companies incorporated in Jersey.
Publish details of the directors of all companies
https://www.taxjustice.net/2020/09/04/murky-ghana-gold-deal-raises-questions-about-role-of-finance-in-secrecy-jurisdictions/
Really the drop you mention is miniscule.
Are you a day trader?
To put it simply.
The gold price dropped yesterday afternoon. Centamin mirrored it today. Always does.
On top of that day traders take their pennies and wait to repeat.
Sod talking about Bitcoin.Somebody explain why the share price went down today ?.
Ghana is proposing to sell almost 76 per cent of its future receipts from gold royalties to a special corporate vehicle in the British overseas territory of Jersey – a known tax haven and secrecy jurisdiction.
Under the deal, Ghana would own 51 per cent of the Jersey-based company Agyapa Royalties and the remaining shares would be listed on the London Stock Exchange.
The project also attracted the attention of the Special Prosecutor in Ghana, Martin Amidu. His office was created in 2017 as an election promise from the incoming Akufo-Addo administration to tackle corruption and criminal wrongdoing.
In the report, the Special Prosecutor had laid out the connections between the transaction advisor appointed on the project, Imara Corporate Finance of South Africa, and Databank Financial Services, a Ghanaian company co-founded by the Finance Minister.
Millions of dollars have already been paid to both with little input from the Ministry of Finance. The way Imara were contracted – and the involvement of Databank in the deal – led Amidu to suspect “bid rigging, and corruption activity including the potential for illicit financial flows and money laundering”.
https://www.transparency.org/en/blog/ghana-what-is-going-on-with-the-controversial-agyapa-gold-royalties-deal
Crazy times everyone wants a piece of the crypto madness all end in tears I think remember the dot-com debacle playing out..
What a view! It’s not often you get to see this unless you are one of our operators, here is the view from our 6020 excavator loading the dump truck at Sukari Gold Mine, Egypt. #CAPD
https://twitter.com/_CapitalLimited/status/1389804392195313665
Another crypto craze is taking the market by the storm as a parabolic rally for altcoins (cryptos other than bitcoin) took the value of all digital tokens past $2.3T. Dogecoin (DOGE-USD), a crypto that started as a joke, is now changing hands at 68 cents, up about 63% in the past 24 hours, 131% over the past week, and over 11,000% so far in 2021. Dash (DASH-USD) also spiked 35% over the last 24 hours and Ethereum Classic (ETC-USD) rose almost 50%, helping crash crypto trading on Robinhood's popular trading app, while Force DAO and Tierion (TNT-USD) surged more than 1,000%.
What's happening? Some are pointing to Elon Musk’s upcoming SNL appearance as the "Dogefather," as well as the future of DeFi and other crypto trends, but one of the more immediate catalysts appears to be a change in trading sentiment. Once upon a time, investors had talked about the time value of money and the advantages of compounding, but who's looking for 10% a year, when one could make 50% or more per day? That kind of attitude, while risky, has been increasingly adopted by a new generation of traders, while institutions can take advantage of the price moves by easily entering and exiting positions.
The fact that "HOLDing" is even a term in the cryptosphere, where investors buy and hold their positions regardless of price, has put a certain support under the industry that possibly cannot be rivaled in any other asset class. Throngs of new traders are also piling into the crypto arena, even with small positions, due to FOMO or "just in case" digital assets do eventually go mainstream. Enthusiasm is meanwhile building across social media, where the Winklevoss twins said the Gemini crypto exchange would now support Doge. "Yes, it's a meme coin, but all money is a meme!" Cameron wrote on Twitter.
Outlook: While some see this as a mere opportunity to get in on the action, bigger believers say the current rally is a breakthrough moment that will provide cover against a future dollar devaluation. Others see the entire system as a kind of pyramid scheme, but even among the biggest backers of crypto, some see the current altcoin rally as unsustainable. Famed investor Mike Novogratz said recently he'd be "very, very worried" were one of his friends to invest in Doge, but thinks crypto returns "will beat the crap out of stocks, but not forever." "They will hit an equilibrium, there's no free lunch in the world," he added. "Right now, it feels like there's a free lunch because the government's losing everything."
www.egypttoday.com/Article/3/102604/Egypt-acting-to-transform-to-green-economy-says-minister
Ties right in with what the Egyptian govt. is wanting and announced for its business to undertake in Egyptian news. They fit in with Govt direction for a reason it will be good if this tactical and economical route pays with a return loyalty for new contracts!
I suspect based on what has been said if 36MW is produced they can also put some power back into the power network in Egypt as well as paying for itself in three years. It certainly makes it look like the Management are communicating with the govt for all the right reasons. Perhaps we have a lot more thoughtful thinking to look forward to in the future with la clear conscience!
Alliance News) - Barclays PLC shareholders have defeated an attempt by campaigners to force the bank to phase out the multi-billion pound financing it provides to coal, oil and gas projects around the world.
Investors voted against the proposal which set timeframes consistent with two articles of the 2015 Paris climate agreement.
The suggestion from Market Forces, an affiliate member of Friends of the Earth Australia, would also have required the bank to produce an annual report on how it is progressing against that strategy.
"The bank's current policies will allow funding of the coal industry well into the 2030s, with no end date in sight," said Adam McGibbon, the UK campaign lead at Market Forces.
Last year, Barclays unveiled a target to get to net zero – that is to say not emitting any more greenhouse gases than it absorbs.
But McGibbon added that in 2020 alone Barclays has provided financing worth USD27 billion to the coal, oil and gas sectors.
The bank has also increased its funding of fracking, tar sands and Arctic oil by nearly a third compared to 2019, McGibbon told shareholders during the Barclays annual general meeting.
"Despite what the board claims, these are not the actions of a bank aligning itself with the Paris Agreement. Investor pressure forced Barclays to improve their policies last year, and investor pressure is needed again to continue that improvement."
In response, Chair Nigel Higgins defended Barclays' climate change position.
"We agree with the nature of the climate challenge," Higgins said.
"We totally agree that this has to be about action, and not just words. It would be extraordinarily foolish if we were just about words because the data that we have committed to publish is going to reveal whether we back up our promises with action."
However, he said that the bank disagrees with some of the data on fossil fuel financing that McGibbon cited. It measures financing provided to oil majors, regardless of what those companies spend that money on.
He said that Barclays believes it is important to work with these companies to help them transition to climate-friendly business models.
"A very large number, we suspect, of the major players in global energy today will remain players in global energy in the future, but their energy mix will be materially different. And they need help, advice and financing on that journey," he added.
Market Forces resolution needed 75% of the vote to pass, it received a little over 14%.
Barclays shares were 2.5% higher at 175.18 pence each in London on Wednesday afternoon.
For me Trump was all talk and never delivered, however he didn;t start any new wars. He unlike most of the POTUS's seemed quite anti war....now saying worst president well let's face it when was the last good one ?...they've all been sh** paid for puppets. The Uk elite are a corrupt rotten shower but they pale into insignifcance vs the US elite. Trump draft dodger...Mini Dubya Bush draft dodger....clinton although some debate on that...date of birth on his side just squeaked out of the lst of the draft apparently
I am no fan of trumpp he carried on destroying venzuela ...could have pardoned snowden and assange...he was like a firework with big claims that went pffttt. That aside i wouldnt be surprised if he was robbed at the elction the numbers he got and still lost don;t stack up to me. But that's the US, what difference does it make ? It's just a rotten hollowed out country. I reckon the iq has probably dropped by half in the last couple of hundred years. It's not the country it was and now it's on borrowed time with the dollar and reserve status. 200 years ago you had to be smarter to stay alive in a very tough environment. Now you can be as dumb as **** and binge on welfare and chinese made products bought with printed dollars
and another thing i don;t think the US has the cahones for a real fight with an enemy that can do thems some real harm. Any boxing manager will tell you it's not jst how hard you can ht it's how hard a hit you can take !
As we discussed it's possible those charlatans dont have any gold and time or events or both will come to a head and the uS won;t simply be able to afford a war. I think the tipping point anyway will come as it did with russia they just can;tt afford the military anymore and it will decay. I think it's moot anyway because they don;t have the stomach for it...
Jim Rogers hit it out of the park when he moved to Singapore and said the future lies in the East...and he's a pretty smart guy... I think Europes future is probably rosier than that of the US.
I actually was so pleased when Obama was elected i thought wow that's great but Obama was an awful president a real paid for puppet of the DNC and powerful interests
I would say the odd are very much in favour with cey... i culd have traded it recently as it drifted back....as i did that it could have done the exact opposite. With the history here and where the SP is.....upside vs downside is hugh by a large margin
Saw the Jeffries take on Cey ..they are one of the brokers who are usually pretty straight and call it like they see it...unlike a lot of them especially if they happen to be a bank !
I think (hope) Centamin will finish higher this week.
For all Newbies!!
JEFFERIES RAISES CENTAMIN PRICE TARGET TO 175 (170) PENCE - 'BUY'
"Analysts at Bank of America upped their target price for shares of Centamin, highlighting to clients the group's multiple strengths.Among those were its balance sheet "strength", zero debt and rising net cash position.
BoA also highlighted management's focus on stabilising the miner's production profile and generating cash flow.
As a result, BoA raised its target price on the shares from 130.0p to 140.0p while reiterating its recommendation to 'buy'.
100% and more upside in the next year or so!
It will again test 1798$.....
Great Article!!
Can see 112 close of play...
Well worth watching , whatever your view of Trump.
After one of the most shocking presidencies in history, Donald Trump’s top advisers and the leaders who clashed with him lift the lid on the critical moments of his foreign policy.
https://www.bbc.co.uk/iplayer/episodes/m000s5zs/trump-takes-on-the-world
Yes, indeed one of those opportunities missed could well be in Centamin !
Quite so Ian,
Thanks for posting!
We are going to get a lot more talk from the likes of Yellen in the future, to reassure US debt holders they are not going to be smashed. Well, of course, they are going to be smashed. There was an opportunity for all that debt to be converted into perpetual bonds paying around 3%, I believe. However, the US has decided to default by inflation. So, price controls are coming to a bond/house near you.
Whatever you are, don't be poor.