Member Info for CleverThoughts

Zero evidence, just an assumption like everyone else who posts here.

What I can confirm from my experience working at high level positions in oil and gas in Middle East, North Africa and central Asia is they are highly corrupt, so corrupt our simple western minds cannot comprehend. Its a part of daily life. From the tea boy to the president is corrupt. Very little important gets done without the right person being paid.

The update was the usual in my opinion....vague. Why don't they be more direct with the ESIA ie we expect it to be approved or we expect it to be approved by X date. My concern is they it might not be approved - it seems the Moroccan Gov is putting obstacles or moving goal posts or the correct person hasn't received his brown envelope yet.

There is clearly something strong holding this back, whatever it may be. Its dragged on for so long.

I'm gifted at predicting the future - everything bar lotto numbers.

FAR long!

They haven't stockpiled it intentionally, likely there is issues finding nee sellers and due to difficulties being paid.

G or Mr Potash as some posters here like to call him is just another AIM CEO. Can't trust them one bit.

Agree with Blue this will be a chain and ball on Russia for years to come even boyond the Ukr war. I see two catalysts for an improvement of relations - end of UKR conflict and more importantly Putin stepping aside, dieing bear fighting, falling off his horse riding bare back or a coup (unlikely).

Shame there not paying dividends for the considerable future. I would say at least H2 2023 if not beyond.

No one should want split in assets, you can bet your last dollar it will be sold at drastic drastic discount. Its a buyers market in Russia not seen in the world since the flash sales of the post soviet union.

"Kinross Gold (TSX: G) (NYSE: KGC) said on Wednesday it had sold its Kupol mine and Udinsk project in Russia to Highland Gold Mining for a total of $340 million in cash, half of the price announced in April."

The original price agreed was $680m in cash which was still considered a bargain at that price. Its no different to when we have recessions, when folks with money buy assets on the cheap but the Russia case is more extreme as assets are discounted so heavily

Interesting analysis but the dollar is likely to be weaker than it is now by the time is in production although I'd say it will still be considered strong comparing to historical rates. Unfortunately Truss and and her extremely incompetent and populist ministers are taking the country down a very dark economic path.

The FED has explicitly stated Interest raises will continue till Q1 2023 and thereafter held there for a year or so at least. I'm assuming the signal for folks to start piling back in the stock market is when the FED holds the interest rate and subsequently the dollar should start weakening.

Contrary to popular belief, the real reason for the massive drop in the stock market (S&P in this case) is not interest rises but QT (quantitative tightening).

Expect it to get much worse before it gets better IMO.

Sub 11 next week...

Sea, that's very sneaky if they are waiting for the CLNs to expire. A possibility certainly but not sure if I give Graham that much credit. Just my opinion....

Also, they mentioned the next update on progress is interims at end of Sept. Nothing encouraging, they could of kept within MAR and stated we will be "announcing some interesting developments".

Just my opinion but likely to be a continuation of we're making progress.

I received a response a couple of days ago.

I asked on progress of ESIA, got a very vague response of we are progressing, thanks for getting in touch, we value all our shareholders etc etc.

190 and I see stop limits being triggered.

Expecting a flurry of buys before close....

MassiveRay's previous post is the winning answer.

it's been awhile since I've done cartwheels....

I sense a tone of sarcasm Ray. I must be wrong.

Bless your MassiveSoul.

Poly long. Au long. Swift demise of Putin long.

Of course you were, there's a reason I'm called CleverThoughts.

Just ask Ray.

More curious on the SP tomorrow.....will set the tone for next week.

A little birdie by the name of Evgeny....

Another productive poster joining contributing to the POLY board.

I've been advised on the quantity of gold silver stockpiled - 150koz - 165koz GEO. Around 4-5 weeks of production from my calculations.

Based on todays gold price that's equates to $250 million - $275 million.

348 bullion bars - 375 bullion bars.