Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Any knowledgable views on today’s RNS exploration update and whether it is as expected or better or worse? Thanks
Sadly I think British internal politics has little effect on the gold price any more, we are now less than 2.5% of the world economy, USA and its interest rates etc are a different matter
Dear Mark,
What you fail to understand is that POG is very much linked to politics.
Perhaps you would could enlighten the forum when you were appointed a forum moderator?
Possibly you would be happier on another forum?
Do you have anything to contribute to the forum discussion that may be of interest?
sorry Q1 AISC/oz sold shd be 1558 - otherwise these numbers are fag packet solid!
Sotolo! Now I think you're being a bit pessimistic. I've had my fag packet out as well. Horgan insists he's on target for guidance. Lets say he meets the middle 445,000 oz produced at US1350 per oz sold. Firstly, sales will be slightly less than production, say 98% - 436,000oz sold. That allows for an AISC/oz sold of £588,600,000. First quarter AISC was $144.2M. That leaves an average 148m AISC per quarter for the rest of the year if he hits production.
Try this
Q1
Production 93,109
Sold 92,559
AISC $144.2m/oz sold $1588
Q2
Production 107,000
Sold 104,900
AISC $148m/ oz sold $1410
Q3
Production 118,000
Sold 115,000
AISC 148m/oz sold $1286
Q4
Production 127,000
Sold 124,000
AISC 148m/oz sold $1193
This excludes capex being front loaded for Q1 or the impact of the solar plant commissioning in H2 which should both lower AISC. It doesn't account for inflation. But with AISC of $148m/quarter for the rest of the year he's got some leeway. Only issue is the gold price!
we have told you time and time again tibbles, dont get involved, your not up to it!! leave the politics out of this board, your a sour loser, just get over it!!! you bore the hell out of us, with your sad, long winded messages, you really cant have much going on in you life? get over it loser. keep it gold!!!.
Talking of gold and Centamin in particular, rather than Bojo, on the back of a fag packet if we get 10% inflation on aisc costs would be about $1500 an ounce so with gold at $1700 and half the profit to Emra we would be making about $100 an ounce on around 445k oz so about £37m. it is interesting that we are still valued at near £900m so the market is expecting a very big cost reduction in the coming year. Also interesting that on the same metrics Hoc would make not much less profit but is valued at less than half, £400m. Hoc share price is normally about 70% more than cey but now level. I think that is first because Hoc is thought of as a silver miner with some gold though the reverse is now true, second the outlook for Hoc isn't great while third, the market expects a lot from Horgan and Centamin. Of course if gold fell another $100 profits would halve and Cey would be on a forward PE of something like 60 at this share price but of course first the share price would halve bringing the PE back to what I reckon is around 30 now, and also of course if costs fell $200 an ounce profits would double and IF gold stays put bring the PE down to around 15 and extra ounces would bring this down to a more normal 12, so I will be watching the costs at the next report like a lynx. Also it might be time to switch some Cey share back to Hoc, if you can bear to be in this scary market altogether. Sorry if a bit off message and not talking about Brexit the Conservative party etc but there is a big world out there and this is a lovely place to avoid British parochialism and think of the big and frightening economics affecting our company's future profits and our nesteggs. All imho and just with a fag packet
Will he see the night out as PM?
Boris's Brexit lies!
The Brexit referendum brought to the fore the economic dislocation that has taken place since the 1980s revealing deep class as well as generational and ethnic divisions. Marginalised voices voted Leave to kick back against a post-war party system that has failed them and a professional political elite that has largely ignored them. And in this election, they just wanted the job done, so they voted for the party that promised to do just that.
Getting Brexit “done”, however, is unlikely to resolve the deep-rooted social and economic problems facing many of the people who voted for it.
Some predictions estimate that leaving the EU will further exacerbate place-based inequality across the country, causing England’s regions to grow 13-16 percent less than they would have done if the UK had remained in the EU. Moreover, some regions like Cornwall are forecast to lose up to an additional £60m ($78.5m) per year in EU funding.
This was clearly not a message that the Conservatives wanted broadcast, so their rebuttal tactics were robust. Any attempt by the media to get the Conservative candidates to talk about the risks and realities of leaving the EU, or anything else that shows them in a bad light, was side-stepped – sometimes literally. The approach was straightforward – dodge the detail, just repeat the mantra, “Get Brexit Done”.
This resulted in a series of tactics of evasion and misinformation. The Conservatives tried their best to avoid difficult debates, with Johnson refusing to be interviewed by BBC’s Andrew Neil, a veteran journalist known for his combative interview style. The prime minister also vetoed several other programmes during the election campaign, including a climate debate on Channel 4, where he was replaced with an ice sculpture.
When a reporter used his phone to show Johnson a picture of a boy with pneumonia lying on the floor of a Leeds Hospital due to lack of beds, the prime minister took the phone and hid it in his pocket to avoid answering questions. And then there was the time the prime minister hid in a large fridge at a dairy in order to avoid giving an interview to ITV’s Piers Morgan.
The Leave campaign was built on lies, and as the UK hurtles toward the brink the liars who told them are laughing all the way to the bank.
https://www.opendemocracy.net/en/brexit-lies-and-rich-folk/
They will have already explored their options of nice little earners a part time basis in the private sector, it's all part of the party politics game of you scratch my back, there seat swill be waiting for them!
"Power tends to corrupt, said Lord Acton. This two line quote, the second line being “absolute power corrupts absolutely”, is far more well known, a hundred and fifty years later, than anything else Lord Acton ever did!!"
https://fullfact.org/economy/boris-johnson-good-morning-britain/
https://fullfact.org/
https://www.opendemocracy.net/en/author/peter-geoghegan/
hernukhin's total donations to the Conservative Party and MPs to more than £2.2m since 2012.
The Tories have also accepted more than £30,000 from Aquind Limited since the turn of the year, including £12,500 in March, according to data released by the Electoral Commission.
Aquind is co-owned by a Russian-born oil tycoon, Viktor Fedotov, and Alexander Temerko, a Ukrainian-born former vice-president of the Russian energy giant Yukos. Temerko has donated £730,000 to the Conservatives since 2011 and has been named as a personal friend of Boris Johnson.
https://uk.yahoo.com/news/buckingham-palace-early-election-boris-johnson-105754050.html
The Lascelles Principles mean the Queen is able to reject the request and order the government to find "another prime minister who could govern for a reasonable period with a working majority in the House of Commons".
https://mtplaw.com/legal-news/the-lascelles-principles-when-a-premier-or-pm-cant-demand-an-election-an-annulment-for-impotence-and-a-false-claim-to-inherit-a-house/
https://www.youtube.com/watch?v=SSYVE8RdBTo
Another former Tory cabinet member and complete stinker
https://www.britannica.com/biography/George-Osborne
https://fullfact.org/economy/turning-corner-facts-economy/
https://fullfact.org/economy/does-george-osborne-have-44bn-black-hole-his-budget/
https://fullfact.org/news/george-osbornes-tax-book-example/
All have their snouts in the trough
Crikey, finance minister Rishi Sunak resigned today surely that is the death nail for Teflon Boris lol
yawn
The clown will soon be out.