Member Info for mrtibbles

Andersen said they found case clusters inside the market, too, “and that clustering is very, very specifically in the parts of the market" where they now know people were selling wildlife, such as raccoon dogs, that are susceptible to infection with the coronavirus.

https://uk.yahoo.com/news/studies-bolster-theory-coronavirus-emerged-215249108.html

Thank you Mr Gnome

Electrical underground equipment has the advantage of reducing ventilation requirements and the engines are cheaper to run and easier to maintain than combustion engines.
They are however more expensive when purchasing and need infrastructure for charging , although if the Solar plant has the capacity?

In Feb 2018 Centamin said-
Sukari Going Green
...preparation of a feasibility study to assess for the installation of a 15MW solar
power plant on site at Sukari as a lower cost alternative for diesel fuel; and

(further along in the report they add if all goes well they would expand solar as primary power source)

also from the annual report;

NEAR TERM (1-2 YEARS)
...Optimize growth from existing operations by increasing high grade underground mining rates and processing plant upgrades.
...Evaluate potential for additional sources of high grade underground ore at Sukari.
...Continue to replace high-grade underground reserve at Sukari.
...Resource expansion and project evaluation in Burkina Faso and C£te d£Ivoire.
...Continue to evaluate selective M&A opportunities with the potential to develop low‑cost projects.

MEDIUM TERM (3‑5 YEARS)
...Maximize sustainable production profile at Sukari by fully exploiting underground potential.
...Development and first production in Burkina Faso and C£te d£Ivoire, assuming positive project evaluation.

It will cut on an annual basis the mine’s carbon emissions by 60,000 t CO2-e and consumption of diesel by 22 million liters.

The mine will therefore save US$9–13 million annually in the cost of fuel, lower exposure to the volatility in its price, and avoid handling logistics.
The Sukari solar plant will be the largest hybrid solar project at an off-grid mining operation. The massive project is expected to reduce diesel fuel oil consumption by more than 22 million litres per year and lower carbon emissions by more than 60,000 tonnes CO2-e per year. It will also reduce operating costs and increase reliability of the power system. The project is scheduled to be commissioned late in H1 2022.

The solar system designed by Juwi has maximized generation with bifacial solar PV modules and a single axis tracking system, taking advantage of the high irradiance at site. Juwi Hybrid IQ micro-grid technology will enable the integration of the solar and battery system into the existing off-grid network and support the operation of the existing power station. The benefits of the hybrid power solution at Sukari include:

Reducing diesel consumption by an estimated 22 million litres-e per year;
Lowering carbon emissions by an estimated 60,000 tCO2-e per every year;
Reduction of all in sustaining costs;
Reduced exposure to fuel price volatility;
Increased reliability of the power system.
https://www.renewableenergymagazine.com/pv_solar/juwi-to-construct-worlda-s-largest-solar-20210517

Hi Dasut, sorry to hear that you had Covid, really glad you are back and getting upto steam again!
Sorry Dasut, thank you for pointing this out, the post should have read "relatively low UNIT mining cost!"
From Kees supplied calculations the overall mining cost was high because of a strip ratio of 10.
As you rightly pointed out - For a grade of around 1.0 g/t this strip ratio is way too high!

Tibbs

I asked a very experienced and well respected mining analyst for their opinion on this report .
Verdict-
This example is focused on exploration results.
If you have a technical report on reserves, a discussion of exploration results is part of it. However, the report would also include the overall geological model, the outline of the deposit, the resources and their level of confidence, how it would be mined, the conversion factors (mining recovery and dilution), processing, production schedule both for mining and processing, cost structure and a cash flow model, preferably on an annual basis. For an “operating mine” the company is exempt from providing a cash flow model. Why? I have no idea as the whole purpose of the report is to prove these are reserves and by definition these have to be economic.

The market regulators regarding disclosure are not on the side of investors.!

Hi Tornado,
Anyone can claim to be whomsoever they want to be on internet forums, the same applies in regard to their trading prowess!

Hello Mark99999,
Oh dear, I seem to have pushed the right buttons again!
Had a bad week have we, come on here to spread a little venom around have we,never mind if it makes you feel better, get it all out of the system that's that thing!
Pop in again anytime to let off steam!
Cheers for now!
Your old mate Tibbs!

Calm down Whopa , unless I misunderstand you seem to be insinuating that crooked markets and the exploitation of other ordinary people who are denied equal access to information or even opportunity is in some way acceptable?
You might be astonished at the number of investors and even really rich people who don't share your opinion.
Possibly you are frustrated/ depressed that Boris will be known as the biggest liar ever to be a British PM , his oven ready Brexit is now going to cost another £10billion which could instead have been spent on reducing NHS waiting lists and social care .
UK firms cant get staff because under Tory legislation the terms and conditions of employment have been systematically worsened to a state where the employee is in many cases exploited by unscrupulous and uncaring management who give no commitment to their staff ,but expect them to be at the companies beck and call when required!
Those foreigners who were villainized and so despised by some of the extreme Brexiteers are no longer there to be exploited by unscrupulous employers and now the British Brexiteers are seeing just how much they were dependant upon those foreigners who were supposedly pinching their jobs!
So it' most likely we can expect a winter of discontent,
Great Britain is down the lavatory and the Tories can't blame anyone but their own party this time!

Agree with you entirely Cowichan, the more recent update presentations don't give enough information to substantiate the claims that things are improving!
After all that has happened they still expect shareholders to take the company claims at face value, not good enough!!

in this week’s Live from the Vault, Andrew Maguire sits down with the director of ‘The Paradigm of Money’ documentary, Pete Antico, to talk about the unprecedented transfer of wealth between the shrinking Middle-Class and the financial elite.
The macroeconomic scholar exposes Wall Street’s corruption, drawing attention to the trillion-dollar government bailouts profiting ‘Too Big to Fail’ institutions while regular Americans struggle to face inflation.
Timestamps
00:00 Start
01:20 Introducing Peter Antico. ‘The Paradigm of Money’ teaser.
04:00 What inspired Pete to create his movie? America’s financial condition
10:30 Big bank’s bailouts! JP Morgan racing to exit the silver market.
22:22 Naked Short. Sanctioned stealing!
26:10 Educating the wider audience about money
https://www.lse.co.uk/ShareChat.asp?ShareTicker=CEY&share=Centamin-PLC

When the UK left the EU, it still had some financial commitments to the bloc, which were estimated to come to around £32.9 billion. On Thursday, a statement from the government admitted that the figure is now £42.5 billion – an increase of almost £10 billion.
The announcement was made very quietly, after the start of parliament’s recess, cunningly avoiding coming under fire from opposition MPs – or even Tory bankbenchers, such as Theresa May.
https://www.thepoke.co.uk/2022/07/22/brexit-divorce-bill-another-10-billion/
https://www.bbc.co.uk/news/uk-politics-62263972
"This Conservative government's terrible deal, backed by [Conservative leadership contenders] Liz Truss and Rishi Sunak, is costing British taxpayers billions of pounds," Liberal Democrat foreign affairs spokesperson Layla Moran said.

"This is the price of years of Conservative chaos and neglect."

Yes an upbeat presentation, unfortunately not enough of the right information!
In reality its only going to be possible determine whether the Open Pit is really worthwhile when the company produces a long term plan for it that is made public.
Centamin need to make available their long term plan and studies in which they motivate resources/reserves, there really is no good reason they shouldn't do this.

Hi Cowichan,
I remain suspicious that we shareholders aren't being told as much as we should and that the analysts involved in these presentation sfor whatever reasons never seem to ask enough of the right questions!
I won't go into details at this stage, but after Wednesdays Q2 2022 update I am somewhat concerned because it seems ever more apparent why the high grading grading in the open pit carried on for so long, or until the crack in the open pit wall brought about some forced admissions!!
The board in Jersey claimed they were unaware that the waste ore wasn't being cleared in the open pit , so admitted complacency or laziness on their part, even so a failure by them to carry out their responsibilities of acting in the best interest of share holders, which is bad enough, but hard to believe, although better to admit to that failure than to admit being complicit in or condoning such bad mining practice at Sukari to bump up the guidances, at least until the crack appeared in the gloss!
The BOD must have been aware since 2015 of the grade problems in the open pit, and again in 2018, Andrew Pardey was certainly aware since 2015, he was challenged by an investor on the 2018 Q & A quarterly update where he lied, claiming he was unaware of the Kees Dekker reports, he also tried to play down the importance of the contributions from the underground mine and the pole axed underground LHDR
in the light of what has been disclosed in this latest update possibly all that money and time spent on the open pit clearance would have been better spent on developing the under ground operations and possibly potential new reserves elsewhere?
With the current gold price much lower than the average price of US$1863/oz achieved in Q2, they will need to do much better production wise in Q3 to improve on Q2.
Noted -More open pit material mined, but with a drop in ore pushing the strip ratio up.
Being 11 is very high for open pit operations at a grade of around 1 g/t Au.
So difficult to make money as things stand!
On the plus side there is stockpiled material in both periods and at relatively good grades.
-Substantially more underground ore mined at a better grade which likely means all the free cash flow comes from underground mining.
I am told reporting such as “cash cost” and AISC per is pretty pointless as these can be manipulated and are to a large extent out of control of management with grade having a major role as has book entries to re-allocate cost to capex.
Far more preferable is unit cost for:
- Underground Mining
- Open Pit Mining, preferably distinguishing between ore and waste, and before any reallocation to Capex as “deferred stripping"
- Re handling Cost
- Processing Cost
- G&A - annually
Technical reports on reserves usually give such costs, but financial and/or MDA reporting does not.
Centamin has relatively very low open pit mining cost compared to their peers,which is good!

Hi Halfpenny , Mr Bond & Steve, Elon is a narcissist who also behave like an extreme leader of some evangelical sect, he cant stand criticism or even questioning of his theories or beliefs.
Sadly there are those who will follow him blindly and no doubt lose an awful lot when Elon drops a fad to move onto something else!
This video is exposing the Cult of Elon Musk and a critique of the Tesla mafia, Starship and Elon Musk's dirty works with the stock market and cryptocurrencies.
We don't know Elon Musk personally but millions of people know how he markets himself in public as a kind-hearted, innocent multi-billionaire and a man who is in his 50s reacting to memes like a teenager. But behind the scenes, he is not that cool person who will save humanity.
Tesla share price has been manipulated!
Illegal artisanal mining for lithium batteries !
https://www.youtube.com/watch?v=8yGRdZaPsV0

https://www.imd.org/research-knowledge/articles/Will-Elon-Musks-narcissism-be-his-downfall/

A had a look at a Tesla recently , the interior reminded me of a council self cleaning public toilet with a computor monitor stuck the shelf under the windscreen!

Hope not Mr Gnome, Mr Bristow certainly hasn't been over generous to say the least to existing share holders in any of the past Barrick take overs of other gold miners!

Mr Bristow also trophy hunts endangered African wildlife, he has an over bloated ego, cant stand the man!

Hi Red Sparrow,
Fantastic to hear from you again and thank you for sharing your thoughts on where things are going in the market.
From what my contacts show me its clear where things should be going, although I fear that the FED, Central Banks, BIS and others will have different idea's, so no doubt corrupt practice in the name of political expediency will win the day!
You know summed up just how I feel about market terminology such as "healthy correction " 'healthy pull-backs" 'the market got ahead of itself" and all the other bullsh*t jargon used to try and give the impression of respectability to the manipulative system employed to keep the stock market merry-go-round around turning!

Look after that garden and the birds!
Keep well!
Mr T

Hi Market,
Thank you for your reply and lovely idea of walk to a Cornish pub, sadly Harry & Sophie my little Bichon's are no longer with me, although I like to imagine them walking on some other magical path together to arrive at that pub table which we always enjoyed so much!,
My wife and I really miss them both so much, but then they had a good life, they wanted for nothing and that's more than far too many ill treated animals the world over have,
As you rightly point out we have had different experiences in our lives, so its inevitable that we will come to different conclusions, or have different opinions due to those past experiences, But that said true friends can still enjoy a good discussion on such things and agree to disagree on some things.
Certainly we both got taken for mugs by the El Raghy & Pardey pyramid scheme, but then it seems such behaviour is regarded as just shrewd business by many in the stock market world, trust and integrity what are they?,
its all about ramping up the spoof, making loads of money and then getting out at the right time!,
Well they certainly did that ,and annoyingly it seems appear to be doing the same all over again!
Even now after another 3 years and just when things we are led to believe my be turning around for the better there are rumours that Barrick really is taking over Centamin?
The world should be a marvellous place and there are decent people who are trying to put things right, but unfortunately at present it's the greedy and unscrupulous that are in charge!
It has become clear lately that Putin’s ambition is to go into history as another "Peter the Great"'
The NATO threat was never there, just an excuse for him to use!
That is why he broke commitments made to recognise the Ukrainian borders (as a quid pro quo for the return of nuclear weapons), including the Crimea.
Another consideration was for Putin to secure the large oil and gas fields in Crimea and the Donbas!
Anyway those who support Putin should seek the opinion of Georgians, Moldovans, Kazakstan (Russia tried to secure practical control there) and the Baltic states about Russia, and then just ask how the Poles, Slovaks, Czechs, etc. etc, feel, they know better from past experience of Russian domination!
It is only the gullible West Europeans, especially some Germans that fall for the Mr John Mearsheimer nonsense. It would not surprise me he is on Putin’s pay role like Helmuth Schroeder was, the Faust re-incarnate!
Hopefully the people will be prepared to continue to make sacrifices to allow Ukraine to win!
Can't understand why the politicians fail to make more clear that there will be an enormous peace dividend when the Russian army is destroyed and Putin removed!
The world would stand to benefit enormously when that pretender 'Peter the Great" Putin is gone!
But enough said by me off topic, so thank you for your kind thoughts and I do hope that you are managing to enjoy a few tots!
Keep well
Tibbs

Hi Market,
Good to hear from you!
It 's about far more than the party leader , its about the policies of the Labour party, although I met Jeremy Corbyn over 25 years ago at a trade union congress and to be honest as far as I can tell his views have never changed, unfortunately the media have done a an unjustified hatchet job on him, just like they did with Ed Milliband.
In my view David Milliband would have been a great Labour leader.

I have hated the Tory party ever since the eighties when that old crone Thatcher bribed the electorate selling to them what they already owned and for bringing about the systematic erosion of peoples employment and civil right whilst destroying public services and the NHS, not to mention starting a war with the mining communities that lives on to this day, and when the old crone's popularity began to wane going to war with Argentina, all of which has has contributed to to the problems we have today,

As a young local government trade trainee union convener I was sent as an observer during the 198O's miners dispute, the Met police, including special branch and army personnel dressed in police uniforms were the bullyboys of Thatchers government.

Thank you Cowichan,
Centamin will be announcing Q2 production this Wednesday as you will already be aware.
So they feel it makes more sense to talk after that to be frank!
True Capital will be hosting a call tomorrow at 9am which all are welcome to join!
Clearly, they will be talking to some degree on how things are going from their perspective at Sukari, so we will get two updates in two days!

Hi Mr Gnome,
Have a look at this bunch , this is really sad that in the 21st century such self serving, lying , two faced sycophantic,parasitical stinkers are being considered to become the UK PM!

They were all complicit in the Boris lying pre/post Brexit and the ongoing lying and deceit pre/post election, not to mention "Party gate", my view is they should all be disqualified as unfit for public office!

17 July 2022

The five remaining Conservative leadership candidates have taken part in a second debate to explain why they think they should be the next Prime Minister.

During the ITV debate on Sunday 17 July, Kemi Badenoch, Penny Mordaunt, Rishi Sunak, Liz Truss and Tom Tugendhat answered questions on topics ranging from inflation, the economy and tax to gender self-identification.

Full Fact has been working to fact check the claims made by all five contenders. Here’s a closer look at some of the things they said.
https://fullfact.org/news/itv-conservative-leadership-debate/