George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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If the chart said overbought a couple of days ago so why does it keep going up?
Somna
Lets wait for drilling results first.
Ok all is good in the world the court cased is closed but what is CEY doing to promote this tremendous event? Also what is CEY management doing to communicate the yremendous impact on development opportunities? Seemingly zero on both counts? If I am wrong l will be happy to issue a retraction.
Major European stock indexes traded higher on Friday during the premarket session in anticipation of the German, United Kingdom, and Eurozone PMI manufacturing data that will be released in the coming hours. In addition, UK housing prices will be revealed today as well.
The DAX added 0.13% at 8:00 am CET. The CAC 40 improved by 0.19%, and the pan-European Euro Stoxx 50 rose by 0.40% at the same time. The FTSE 100 increased 0.37% at 8:13 am CET.
The euro traded 0.22% higher compared to the dollar at 7:58 am CET, going for $1.09095. The British pound gained 0.13% against the greenback to sell for $1.26401.
Baha Breaking News (BBN) / DD
Happy Friday y’al
Enjoy your weekend.
POG currently $2041.36
Daily RSI goes higher to 78 and slow stochastics on daily are at 100. Some of the other miners stay flat as they try and consolidate.
What we have to hope8# that gold repeats its rise of many years from Nov to spring/summer, so far so good, these are rises from end Nov (ie as now) all approx
2015/16 +20%
2016/17 +13%
2017/18 +20%
2019/20 +30%
2022/23 +15%
No impediment at all to taking over Centamin(at the right price) as Endeavoir tried (but not thought enough) but as I was saying and you point out they only get half of Sukari which they have to share with Emma which might put off many large miners? So we quiet agree
Ah ok cheers Mr T
Hi Somnamma and 3bear, I appreciate that the last paragraph in my post may have sounded critical or sarcastic, it was badly worded, if I can expand on that, I was wondering just why the appointment was being made and the reasoning from both of you for the appointment seem very reasonable and make good sense!
Thank you
Tibbs
Hi Sotolo - There is no impediment to the taking over of Centamin. - Centamin is owned 100% by Centamin. - Are you confusing Centamins 50% stake in Pharoah, jointly owned with EMRA?. - A takeover would include this arrangement along with Centamin's assets in other ventures, including the new Egyptian licences.. - By all means come back at me if you think this is not the situation. - Always willing to learn.
We shall soon find out if a bull trap is being set up for later on.
Steve,
Euro has fallen this morning and USD gains. Centamin RSI is through the roof around 77 on daily. We had some 9 am buying to get us back to flat on the day. Gold double topped briefly overnight. With two red hot months we could see a pullback next week just to get rid of all the overbought signals on gold and gold miners like Centamin. I expect it to to go higher in January and maybe later on in December as we get more RNS outputs from Centamin. Things do not go up or down in straight lines for the most part. Tony
Depends on gold- US weekly initials again today, require no surprises.
Yesterday was very much overbought above bollinger bands. Perhaps a consolidation day to ease overbought.
Also I wonder if the mill going down due to a maintenance issue that cost three weeks' production in Q3 has resulted in this appointment. If so, good.
Major European stock indexes traded higher on Thursday during the premarket session with all eyes on new reports on German retail sales and unemployment rate, and the Eurozone inflation set to be released during the day. Additionally, several European Central Bank officials are expected to give speeches today.
The DAX added 0.24% at 7:36 am CET, while the FTSE 100 increased 0.23%. The CAC 40 improved by 0.25%, and the pan-European Euro Stoxx 50 rose by 0.22% at the same time.
The euro traded 0.08% higher compared to the dollar at 7:48 am CET, going for $1.09808. The British pound gained 0.10% against the greenback to sell for $1.27960.
Baha Breaking News (BBN) / JJ
Pog flat at $2044.43
Hi Tibbs, the reason for hiring people such as Jaques Calvert in a commercial contracting environment is they are a "known quantity" with known and demonstrated skills and experience, a proven track record and someone who will fit in well with the CEY existing team.
CEY are fishing in a small pool and I don't see anything untoward in recruiting known experienced personnel.
Indeed a common practice in oul and gas whete teams or at least a good number of personnel would move from one project to another
Jacques Calvert 3rd+
I'm excited to start my new role as Plant Engineering Superintendent,with Centamin PLC, at Sukari Gold Mine in Egypt.
https://www.linkedin.com/posts/jacques-calvert-529072b8_im-excited-to-start-my-new-role-as-plant-activity-7133138269776551936-thiU
Plant Engineering Superintendent
Centamin PLC · Full-time
Nov 2023 - Present
Egypt · On-site
HOD for the gold plant maintenance at Sukari Mine in Egypt, overseeing a multi cultural team in optimizing equipment availability.
Toro Gold Limited
6 yrs
Maintenance Manager
Apr 2019 - Oct 2023 · 4 yrs 7 mos
One has to wonder what the benefit is in hiring so many former Toro employees and who was in the post prior to Jacques arrival and why are they being replaced?
Ofwat published its annual assessment of company operational performance and a summary of the financial resilience of companies. Both the Water Company Performance report 2021-22 and the Monitoring Financial Resilience report 2021-22 have identified areas where water companies are letting down their customers, and the environment.
https://www.ofwat.gov.uk/pn-39-22-worst-performing-water-and-wastewater-companies-called-out-in-latest-ofwat-assessments/
Louis de Quincey, who led the Environment Agency investigation, said:
With only a single pump in operation, this was always likely to increase the chances of an incident. Anglian Water should have sped up its response time as a result. Many hours passed before a technician stopped sewage entering the water.
Anglian Water could and should have acted quicker.
https://www.gov.uk/government/news/anglian-water-could-and-should-have-reacted-quicker-to-pollution
Anglian Water fined £1.2m for causing pollution
Published 17 October 2022
System and maintenance failures led to incidents in Cambridgeshire, Buckinghamshire and Northamptonshire in 2019, the Environment Agency (EA) said.
In a separate case, a pumped sewer in Cambridgeshire burst in 2019, the sixth time in several years.
Anglian Water pleaded guilty to charges in both cases, brought by EA and heard by magistrates.
The company was fined £870,000 by Loughborough magistrates on Wednesday after a series of process failures "caused damaging blockages and pollution" between May and September, EA said.
After one particular incident, a subsequent biological survey showed dead aquatic invertebrates for 1,500m (4,921ft), the agency added.
At another site, an unchecked build-up of cotton buds and sanitary pads caused a blockage, resulting in discharge of "settled sludge" into the treated sewage, EA said.
The company admitted failing to comply with an environment permit condition in Steeple Claydon, near Buckingham.
It also pleaded guilty to failing to comply with permit conditions over final effluent discharges into the River Lark in Cambridgeshire and over water discharge activity into the River Tove in Northamptonshire.
The company also admitted causing poisonous, noxious, or polluting matter to enter inland freshwaters without an environmental permit and was fined £350,000 by Cambridge magistrates on Thursday.
The Environment Agency said officers visiting a pumped sewer at Bourn Brook in Caldecote, near Cambridge, found ammonia and low oxygen levels in the water, posing a potential risk to wildlife at the site.
Anglian Water's methods of preventing pollution spreading "proved insufficient", the agency added, and 4km (2.4 miles) of the watercourse was affected for at least five days.
The company only located air valves, designed to reduce stress on the sewer, after the incident took place. The valves had been in place for at least 25 years, EA said.
On the subject of being poor!
Egypt to sell subsidised bread for non-ration card holders starting January: Official
Ahram Online , Wednesday 29 Nov 2023
Egypt's government will start selling discounted bread to citizens not enrolled in its ration card programme through designated prepaid cards, as of January 2024, an official announced on Tuesday.
Citizens will be able to buy bread loaves for 1 Egyptian pound each from government-run bakeries nationwide, Abdullah Ghorab, head of the bakeries division at the Federation of Egyptian Chambers of Commerce (Fedcoc), said.
All 30,000 government-run bakeries countrywide will participate in this initiative, Ghorab said in remarks to the ONTV channel on Tuesday evening.
Citizens can acquire prepaid cards through the Egyptian postal service, he explained.
Earlier this year, Minister of Supply and Internal Trade Ali Moselhi said the initiative would allow non-holders of ration cards to buy 10 or 20 loaves of subsidised bread.
However, Gohrab asserted that there will be no limit on the number of loaves that can be purchased per person.
Egypt relies heavily on wheat for making bread, a main staple of the Egyptian diet.
Government officials estimate that citizens consume almost 100 billion loaves of bread annually.
The government provides the 90-gram loaf of subsidised bread – locally known as baldy bread – to citizens enrolled in the ration card system for five piasters instead of its actual cost of 90 piasters.
Egypt's decision to offer subsidised bread for non-holders of ration cards comes as the country is facing challenges related to wheat shortage, primarily caused by the Russian-Ukrainian crisis.
Before the conflict, 80 percent of Egypt's imported wheat originated from Russia and Ukraine.
A World Bank report identified Egypt's food subsidy programme as the largest in MENA.
The bread subsidy programme alone serves 72 million citizens, while the food ration cards cover more than 64 million people, according to the report.
New Environment Secretary. His wife is a top executive with Anglian Water who is obviously happy to pollute and release sewage to the benefit of foreign investors. Couldn’t make it up and I have voted for all parties in my time as someone fast approaching 70.
Do get a grip. Quasi Marxist. You sound like my Torygraph dad. Would never accept he might be wrong. Won’t accept the state of our rivers. Won’t accept the xenophobic outbursts after brexit . Won’t accept climate issues. Won’t accept small businesses can’t now export to EEU. Won’t accept that young people wanted to stay in. Won’t accept that cheat labour moved back to their home countries. Won’t accept that illegal migrants could be returned to their European point of entry etc etc etc
This subject has been a dead duck for aeons(?eons) Having been invested since a map on the wall at -33p it has always been a share of interest rather than an investment for my old age . I have had enormous fun with this one and Tibbs
has been absolute stellar with his quasi Marxist slant on things and I must say many posts of merit for those less fortunate.!!!!
Having been bought up in a family of the 50s where dinner chouce was tomato or browns sauce on your bread I applaud the capitalist regime which allowed me to climb through horrendous hard work at the expense of family and friends to reach the pinnacle of corporate sucess, Only to regret achieving it.!!!!
Please keep this board civilised and civil as it is now.
Gold flip flops are not all and if you have financila sucess in CEY or anything else remember those in need far less foprtunate than yourself.
Sorry for the off topic rant but couldnt resist. Apologies to all.
Bob