Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I dont agree witht he Govt approaches on Covid and still don't.
Any approach to a pandemic must be based on rigorous science, not politisation, fear mongering, exploitation of mass hysteria, and the endless talking heads, who know nothing and say less.
I still listen to those with unusual but severe heart conidtions, who have taken early retirement, as they cannot do anything less. A very fit friend in his early 60's spent 9 months in hosital critical care after taking his 2nd vaccine. Invalided out of employment now, as just has not the energy. Another, had severe heart conditions after his Vacc shots, which then saw him rapidly "tranisiton to retirement" from the UK Special Forces ?
More to tell, but really the whole affair is anything but fair and transparent. Why dont we leanr from mistakes of the past?
Now you know?
Good luck
The Gnome
Very interesting trying to "balance" all of the paper stuff (Fiat currencies.) It reeks of fabulous poiliics, and hopeless logic
Get into real assetts as soon as possbile and ont forget gold
Tech stocks led the way again, with Tesla’s winning streak now stretching to 13 consecutive trading days, as it added 3.6 per cent. The gains over that 13-day period now sit at a mind-blowing 41.45 per cent, adding $US300 billion ($443 billion) to the market capitalisation of Elon Musk’s giant?!
What’s happened to Tesla’s stock neatly encapsulates the speculative forces pushing Wall Street higher. There’s been precious little news (?) for the stock to trade on – aside from a promising deal on electric vehicle charges, a nothing-burger visit to China by Musk and Ark Invest’s Cathie Wood talking Tesla up for the umpteenth time (yawn?) – and yet the standard-bearer for tech speculation among retail investors is up 41.5 per cent in a touch over two weeks...and where is the reality, the substance, lotsof smokes and mirrors?!
It’s becoming clear that the combination of cooling inflation, the return of retail investors and professional investors buying tech to make up for their poor performance can keep pushing this rally along.
The latest Bank of America Fund Manager Survey showed on Tuesday night, fund managers are deploying cash but remain underweight stocks and have crowded into two assets: institutional-grade bonds and big tech.
Otherwise, sentiment remains stubbornly low, with particular bearishness around economic growth.
Thre i a tremendous push on wage and salary increases, with NO eidence of any productivity increases. This is where the battle is going to happen, and it wont be a great result...
fingers crossed
the gnome
Thanks Mr T.
CEY hareholders are not orphans, matter of fact one could stick most of the resource companies into the same boat, and we wont mention industrials and the tech stocks.
There is some very clear legislature about no-discolsure, and I would love to see the regulators get off their a#sses and get after these boards and CEO/MD types. It is ludicrous to have legilature (well crafted or not) if you dont get peple to follow it, and if you do not get people to stick to it 24/7
cheers
the gnome
Steve
I would not be holding my breath on the CPI. In Oz
Rents through the roof if you can find a place
Cost of borrowings to finance house are way up (of course
Cost of food and drink are ALL up significantly...The monthly CPI indicator rose 6.8% in the twelve months to April.
The most significant price rises were Housing (+8.9% a lot of people would argue the figure is way too low), Food and non-alcoholic beverages (+7.9%) and Transport (+7.1%). Alcoholic beverages are signifcantly up, so much os that some people have cut down to a dozen tinnies and a bottle of vino a night! We have wages increase, but no productivoty increase etc...
So does not look good from downunder
best
the gnome
For those wanting light relief from the drama of watching CEY SP go up and down...
https://www.youtube.com/watch?v=Sj6-QDVYbv8
If you laugh at this there is more on the many financial advice channels...
best
the gnome
You wonder when the rot will stop.
If we judge by Wall Street’s reaction to the debt-ceiling crisis, most investors agree with Biden that, for all the noise and theatrics that emanate from Washington, the American political system is still capable of carrying out some basic tasks that require bipartisanship, such as resisting the urge to blow up its golden goose (!!!)—the U.S. bond market. During the past few weeks, as the “X-Date” approached, the markets remained pretty calm, indicating faith that a debt default wasn’t a serious possibility (whoever thought it was??). And, on Friday, following the vote in the Senate, the Dow climbed seven hundred points. (To be sure, a strong payrolls report for May also contributed to this.)
Fitch believes that repeated political standoffs around the debt-limit and last-minute suspensions before the x-date (when the Treasury’s cash position and extraordinary measures are exhausted) lowers confidence in governance on fiscal and debt matters.”
My confindence was lowered a long long time ago, and the thing that amazes me is that there is anyone who has condfidence in a system.
Fitch is essentially arguing that the U.S. political system is suffering from slow rot. As well as pointing to the repeated episodes of brinkmanship over the debt ceiling, the ratings agency cited “increased political polarization and partisanship as witnessed by the contested 2020 election,” and how a “failure to tackle fiscal challenges from growing mandatory spending has led to rising fiscal deficits and debt burden.”
good luck to us all
best
the gnome
The small sale artisnal gold mining has been going on for centuries, perhaps more people involved now. Its a hit and miss operation...
Mali reportedly "exports" the same amount of gold as is reported in Ivory Coast, Burkina not far behind...and has done so for decades.
There are millions of people making a living this way in Iv Coast, Burkina Faso, Mali, millions that otherwise might find life a lot tougher...certainly no implying ASM as easy pickings.
I have been in numerous ASM sites thrughout Africa, and in none would I have much idea as to how much gold they are producing. The amount of dirt moved and holes dug can be very misleading. In fact I have been embarrassed at estimating gold grade/content from samples more than not. So I am intrigued as to how robust their figures are.
Generally when a large company comes into a site, they ring fence the resources, area of interest. They employ permanent peoples. They develop a relationship which allows people to understand that given commerciability of the gold deposit, then a large mine with a 10-20 year mine life will de developed, and provide employment, education, better health to the local persons...and so on ...
The development of small and large gold mines is in general good for the countries and communities. It is a pity there is not more regulation and environmental and human safe guards put in place, which would not be hard to do.
best
the gnome
The gorilla in the open paddoks are the fiat currencies (not assets) being propped up (LOL) by trust in a system that has constantly devalued the fiat paper they print.
A bit tortuous, but really dont believe the BS in the media, or the headless chooks which get paid per shreek! or per word
Just look at history, its fairly clear
the Gnome
Lucky
I think the POG is a result of a (complete?) loss of faith in the ability of the Central or Reserve Banks to be able to manage outcomes of the economy. They have demonstrated almost consistently (!?) an inability to be able to provide leadership to the financial and broader communities. The zero interest rates, for toooo long started the ridiulous management initiatives of recent, and now we have too many interest hikes for too long, and certainly in Australia we are heading into recession becuase of the Reserve Banks stupidity or incompetence or both, with the only question being how bad it is going to be, and how much of the population it is going to affect. The stupidity has even been noticed and then acted upon by the government, such that there has been a stripping of its powers (LOL) https://www.sbs.com.au/news/article/the-rba-has-been-given-its-biggest-overhaul-in-a-generation-what-does-this-actually-mean/8gy4dx86d
It is really quite ridiculous how they have been able to get away with such nonsense for so long. Reminds me of the Emperors New Clothes, and how the old stories ring true.
I will take my medicine now, and be able to laugh tomorrow!
best to all
the Gnome
When you dont know what to do do who do you turn to for guidance
The latest Bank of America global fund manager survey might help explain why equities are struggling for direction. It suggests investors are still mainly bearish, but in a bullish kind of way.
The headline picture says overall sentiment has fallen to its lowest point since the start of the year, and remains at similar levels to that during the GFC. A net 65 per cent of respondents expects the global economy to weaken, while hopes about Chinese growth are fading rapidly (quite reasonably, given the tepid economic data released in the past week) and cash levels ticked up again this month to 5.6 per cent.
Historically, Bank of America says anything above 5 per cent has been a signal to buy stocks, making this an unequivocally grim picture.
Or maybe not. The clear majority of investors remain in the camp that the global economy is heading for a soft landing (63 per cent of investors). Most believe the worst of inflation and interest rates are behind us, as 61 per cent of fund managers say the US Federal Reserve has raised for the last time and rate cuts are most likely at the Fed’s meeting in January next year.
Although the percentage of investors expecting a resolution in the debt ceiling crisis before the X-date did fall 9 percentage points during the month, it still remains at 71 per cent.
It’s also notable that although fund managers remain underweight on stocks, they have nudged their allocation to equities to a five-month high. So, what are they buying?
Tech stocks are the big one, as allocation to such shares has surged 22 per cent since March. That’s the biggest two-month jump since March 2009 and is described by Bank of America strategist Michael Harnett as a flight to safety.
Allocations to global consumer staples and industrials have also lifted slightly. Investors have also stayed overweight on healthcare stocks since January 2018.
Banks are on the nose. Equity allocations are down markedly and fund managers are nominating being short on the banks as the second most crowded trade in global markets, behind being long on big tech.
Fund managers want nothing to do with real estate (a blow-up in commercial real estate is seen as the biggest tail risk in markets). They are also shifting away from commodities, which have been seen by many investors (including the Future Fund) as a hedge against inflation.
Again, this commodity shift speaks to the bullishly bearish sentiment.
Investors’ cash holdings say they are positioned for a range of potential macro problems, including recession, slowing global growth, a spluttering China and even a debt ceiling disaster. But what they actually expect is a Goldilocks soft landing outcome, where inflation comes down, central banks cut rates and corporate earnings remain relatively stable.
I am still sitting on a more than healthy amount of cash, with a healthy touch of gold aand one other energy m
Mr Bond
Indeed, Real Balanced Science and Engineering is sadly missing from the "debate"/ discussions on climate change. Its all a bit too hard for the politicians to understand (remarkably few politicians are scinece and engineers?), and the economists have little to do with the real world etc etc ... BIt like the waltz of the Lemmings at the moment
I have just called into Europe and am roaming through the last 2,000 years of life in the trees, so to speak ... As most scientists know, the climate has changed significantly for time to time in the last 2,000 years, and 20,000 years the hole place was under 2-5 kms of ice?! To briefly digress from the magnificence enduring presence of gold ... (some things dont change?)
The Little Ice Age was a period of bitter winters and mild summers that affected Europe and North America between the 14th and 19th centuries. The cold weather is well documented in written records and supported by paleoclimatic records such as tree rings, glacial growth, and lake sediments. These paleoclimatic records serve as proxies that register past temperatures, confirming that it was colder than usual.
Thanks to paleoclimatic records, climate scientists have identified four cold and warm “climate epochs” during the past 2,000 years: the Roman Warm Period, which covered the first centuries of the Common Era; the Dark Ages Cold Period, from 400 to 800; the Medieval Warm Period between 800 and 1200; and, most recently, the Little Ice Age.
The Last Ice Age in Europe was at its peak about 20 000 years ago. At that time in the Northern part of Europe, many areas were covered with ice as much as 3km thick (defintiely more in places?). The mountainous regions of the Southern part of Europe, for example the Alps, Balkans, and Pyrenees, were covered with thick ice sheets...and living int he UK was not that desirable despite the enticing visa plan they had operational?
All the best, keep a sense of humour
best
The Gnome
Interesting discussion on the science and engineering aspects of energy production.
https://www.youtube.com/watch?v=reaABJ5HpLk
There is so much hot air that is not helpful.
I appreciate is off topic, but worth a listen, as energy matters do crop up very often
regards
The Gnome
Well, Peter Schiff is being intervewed by Jordan P
https://www.youtube.com/watch?v=Bbi-_nn4zaw
and some more
https://www.youtube.com/watch?v=r44D4pddEq0
good luck to us all, looks very stormy ahead, especially for those with debt on their books
the Gnome
Merger and acquisition fever returned to the local sharemarket on Monday as Newcrest Mining’s board said it plans to accept Newmont Mining’s $26.2 billion takeover bid, with junior gold miner Genesis Mining also sweetening its bid for St Barbara’s Gwalia mine in Western Australia. Lets just say it is a tough mining and processing for profit gig at Newcrest and I am sure they have done a great deal for shareholders. But of course the bet is on the gold price longer term .... ?
The gold price fetched US$2018 an ounce at the closing bell as broker Macquarie said it expects the precious metal to top a record high of $US2075 this year, as investors, including central banks, buy the safe-haven asset as a hedge against macroeconomic and political uncertainty.
“We’ve got a pretty hot gold price, more recently it’s been trading inversely with the US dollar, so as that fell, and gold in US dollar terms is more attractive,” said Mr McMillan.
“Those local miners have faced inflation headwinds in terms of labour inflation and capital costs into their businesses, so for some the higher gold price has actually hidden some of those operational issues.”
Well, well?
Falling bond yields, fear over the US debt ceiling and an end to the US Federal Reserve’s interest rate tightening cycle have created a “near enough perfect backdrop” for the gold price to forge a record high, according to analysts at Macquarie.
Gold’s melt-up in 2023, which saw the price jump around 10 per cent, was also stoked by the US regional banking crisis that prompted Macquarie to argue the case for the safe-haven asset to test $US2075 an ounce. That was reached at the peak of the pandemic in August 2020 when central banks printed money to fund emergency spending programs.
It does look like the Central Banks will continue to print money, for any cause that is needed ... business as usual !?
Stocks in Oz? Macquarie’s preferred stock picks among the local gold miners are Northern Star Resources and Regis Resources thanks to the duo’s organic growth opportunities, which offer potential to lift total production.
Organic growth, good grief, whats that all about? It means some one is doing exploration AND making discoveries, THAT BECOME COMMERCIAL... long long time between drinks, and that is why MandA is a recurrent theme if not necessity to fuel growth...but its not neceassirly growth of SP or shareholders ROI
best
the Gnome (in passing)
So if the shareholders were given dividends, and there was no contractor to take on the work (Egypt is not flush with contractors...for good reasons, like having to employ 8 egyptian staff for exvery expat and so on...), what would you have Horgan do? and how would that wash out in terms of reurns to shareholders, short and long term? Just curious
regards
The Gnome
Thanks Dasut
My understanding on Doropo, is that the Metallurgy is fairly stright forward, the drill sampling is good, and the Geologists are happy withthe Geological understanding of the geometry of the mineralisation (I dont think this is rocket science), but it can cause concern for the geostats fraternity, who wallow in numbers, and the higher density the more relaxed they get, but this takes time, and money..so I hope these guys are sidelined a bit.
The area and zones of mineralisation are a logistics issue, but not one that has not been solved numerous times before, but you have ot get it right, best do this upfront! The reverse of this is there is a lot of gold over a large area, and this means there is a very reasonable chance we are dealing with a significantly larger mineral system than is on their books right now.
This is what I would be thinking about.
best
the Gnome