Member Info for mrtibbles

Hi Mr Bond,
Oh I wasn't expecting you to buy one, neither shall I !
Just thought you may find the article interesting considering the problems with your sisters Range Rover, it would be interesting t see how these eclectic versions got in in the outback ?

Hi Mr Bond,
I'm afraid that today's Range Rovers are overpriced and have far too many electronics, apps and other semi conductor built in obsolesce on them for my liking, not the vehicles they once were and the new ones certainly won't last as long as their predecessors.
You might find this of interest though.
This car isn’t being brought to market by Land Rover, but instead by Liberty Electric Cars. Liberty is a relatively recent start-up company, and the E-Range is the firm’s main product.
Everything about the E-Range is high-end. The car itself starts life as a new Range Rover, then Liberty removes the diesel engine and replaces it with electric motors and batteries. The main lithium-polymer battery pack sits underneath the car and there are four electric motors, one for each wheel. At 75 kW, the battery is the largest battery pack that has ever been used in an EV, and the unit is expected to have a life of 300,000 miles or 13 years. Liberty manufactures its own batteries in-house.
https://www.greencarguide.co.uk/features/liberty-electric-range-rover/

This is the Ineos Grenadier – an all-new car from an all-new company, but one with a distinctly familiar look. Just three years ago, in 2017, Ineos Chairman and car fan Sir Jim Radcliffe decided to do something other car makers seemed to be shying away from: produce a vehicle with off-road ability at its heart, a utilitarian car where form followed function. This is the result, the first model from Ineos Automotive, and a car that takes its name from the pub where the idea was first formed. Auto Express was invited to Ineos HQ to take a look at the Grenadier and meet some of the team behind it.
https://www.youtube.com/watch?v=PJguNBmlvuot

The Goldman Sachs economics team says that there is now a 35% chance of a U.S recession over the next two years, with the labor market a particular problem for the Federal Reserve. The large gap between jobs and workers, which keeps wage growth elevated, has historically only declined during periods of economic contraction, chief economist Jan Hatzius and team wrote in a note out on Sunday. Predictions for a recession have been growing as the Fed tries to negotiate a soft landing for the economy at a time when inflation is at a level not seen in four decades.
Deutsche Bank was the first big Wall Street bank to forecast a recession, saying in the first week of April a recession in late 2023 is now their base case.
Quotes: “Taken at face value, these historical patterns suggest the Fed faces a hard path to a soft landing,” Hatzius said, according to Bloomberg. But other strategists are more cautious.
Wells Fargo stock strategist Chris Harvey said in a note last week that despite "daily calls for a recession from anyone with a megaphone, we do not expect one of the next 12 months. Rather, stagflation (high inflation/slower growth) likely will prevail."
Credit Suisse says it is not underweight equities (SPY) (QQQ) because: "i) equities are fair value (not overvalued) with equities being an inflation hedge compared to bonds; ii) monetary conditions are very loose; iii) we only tend to get recessions 9 months after 3-month money inverts relative to 10-year."
Go deeper on yields: The Fed's hawkish signaling, with 50-basis-point rate hikes expected over the next few meetings has sent Treasury yields sharply higher. An inversion in the 2-year and 10-year Treasury yield curve was pointed to as a signal of an upcoming recession. But the inversion was short-lived and that curve has started steepening again.
Yields are up again and the 2s/10s are steepening again this morning. The 10-year Treasury yield (TBT) (TLT) is up 6 basis points to 2.87% and the 2-year (SHY) is up 5 basis points to 2.49%. Real rates, which the Fed also wants to see rise, are climbing as well, with the 10-year inflation-protected yield about 10 basis points away from positive territory.
"Despite the embarrassing panic about the wrong yield curve measures flattening/inverting earlier this year, the curves that actually forecast recessions remain steep and have been steepening," MKM's Michael Darda said in a note.
"The long Treasury rate (or 10-year Treasury yield) minus the 3-month Treasury bill yield has inverted before every recession since the mid-1950s." That spread is now around 200 basis points. Still, traders see little respite from the bond selloff in the near term. “We’re coming out of one of the worst quarters in history .. and the big bear market in bonds continues,” Thanos Bardas, global co-head of investment grade at Neuberger Berman, told The Wall Street Journal

Thank you Sotolo for your thoughtful and balanced post on these issues.

On the contrary, this is the UK's Prime Ministers breaking the very law his party enacted into law, called an act of the legislature, or a statute.
Prime Minister Johnson and his cabinet broke the law by partying whilst the people were abiding by the law,and in many cases were unable to visit old , infirm dying relatives to say their goodbyes, this has caused some people to suffer all sorts of mental illnesses including PTS and anxiety which they will suffer from for years to come.
The war in Ukraine is terrible and we want to do all we can to help those e suffering from such unjustifiable aggression and acts of war inflicted upon them by Russian dictator Putin and his cronies.
But that said, the situation is being used by Boris Johnson s government to divert the public's attention from their own law breaking and the disastrous effects on the UK economy by Brext and the years of back door privatizations of the NHS and our other public services!
Yes,we certainly do care about getting the priorities in life right, which the majority of members on here do because they are decent people who aren't selfish.
Centamin will come right, its the other things that may not be as easy to cope with and will have far longer and far reaching effects on everyone's future.

From LSE political news
(Alliance News) - The opposition Labour party has called UK Prime Minister Boris Johnson's involvement in the partygate saga "indefensible" as fresh allegations emerged about Johnson's conduct.

The Sunday Times said Johnson is expected to deliver a statement when members of Parliament return to the Commons on Tuesday, where he will not deny wrongdoing but will point towards the wider context, including the war in Ukraine.

But the newspaper also revealed fresh claims that Johnson was not only present at a leaving do for his former press chief but that he led the celebrations.

It comes after Johnson, his wife Carrie, and Chancellor Rishi Sunak were all issued with – and paid – fines for attending a birthday bash held for the prime minister in June 2020.

The Sunday Times reported the prime minister's official photographer had captured photographs of Johnson holding a beer at the gathering, and Sunak with a soft drink.

But Johnson is understood to have been present at at least six of the 12 events being investigated by the Metropolitan Police for breaking Covid rules, and is braced for more fines potentially to come.

One of those included in Operation Hillman is a leaving do for the former director of communications at No 10, Lee Cain, on November 13 2020.

A source suggested to the Sunday Times this had started as the press office having drinks to finish off the week, but turned into a party once the prime minister arrived, poured drinks and made a speech.

The newspaper said a No 10 source did not deny the characterisation of the gathering, but denied Johnson was the instigator.

The Sunday Mirror said No 10 had refused to answer questions about the birthday gathering submitted through a freedom of information request, because of national security reasons.

Downing Street declined to comment when approached by the PA news agency and has repeatedly said it would not comment until the police investigation concludes.

Labour's deputy leader Angela Rayner said: "While the British public was making huge sacrifices, Boris Johnson was breaking the law.

"If the latest reports are true, it would mean that not only did the prime minister attend parties, but he had a hand in instigating at least one of them. He has deliberately misled the British people at every turn.

"The prime minister has demeaned his office. The British people deserve better. While Labour has a plan for tackling the cost-of-living crisis, Tory MPs are too busy defending the indefensible actions of Boris Johnson."

By Geraldine Scott, PA Political Correspondent

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

mark99999,
I am assuming you are eligible to vote and I could probably hazard a good guess whom you are likely to choose!
I don't seem to recall when you were appointed as moderator to this forum, possibly you could enlighten us all when it was ?
As I have explained before if you are unhappy about the content of a posting on here then you have the option to complain to the Moderator via the report tag.
It's also worth noting that this forum has always been one of open debate on a wide variety of subjects which believe it or not are all related in one way or another, and certainly as you may be aware are related to the price of gold which is governed to a great extent by political fiscal policies and central banks
I am assuming that you were fortunate enough to have taken advantage of a formal education, however that said from your what appear to be intended verbal insults or abuse towards me I can only assume that you aren't, or don't appear to be familiar, or if you are don't appear to practice the basic protocols of etiquette ?
It's certainly not my intention to appear to offend in any way, so may I respectfully suggest that you practice some of the usual forum decorum in your future posts, indeed it would be much more pleasant and less likely to cause any offence to any other members.
In the meantime thank you for your forum participation,all be it rather a short one in the present debate.

Happy Easter!

electric vehicles, as their supporters claim, were truly likely to reduce air pollution and tackle climate change. But are they?
https://www.politico.com/agenda/story/2018/05/15/are-electric-cars-worse-for-the-environment-000660/
We show how carbon and nature offsetting does not work. And we argue that it cannot be made to work at scale, undermining the claims that offsets are a valid part of net-zero strategies.
https://policy.friendsoftheearth.uk/insight/dangerous-distraction-offsetting-con
https://friendsoftheearth.uk/climate/stories?page=12

Hi Cholly,
Very interesting thank you for sharing your knowledge and gained professional experience on this very relevant and topical subject !

Hi Mr Gnome,
Strange is'nt it how so many of the "Toss Pots" flit from one set of "Pound Seats" to the next, the same goes on in politics in my experience politicians advance up the greasy pole by towing the party line and ingratiating themselves with the electorate bu saying whatever is the populist opinion at that time until they get promoted to such high office they are completely out of their depth and things go horrendously wrong (As in the UK at present where the lies and deceit of the case for Brexit, the two decades of cuts to the NHS, the breaking of their own Covid laws are ever more apparent!)
But we are told its just not practical to kick the ar(ses of these current cabinet sycophantic wastrels down the road when we are at war (the UK isn't at war,) so for the sake of the country they must be supported and allowed to stay in office, Oh and lie their way out by blaming the other lot, or asylum seekers, or food bank scroungers, or Europe, yes that's it!
But what does the political party do with these ministerial, self serving parasitic self serving ,lying Toerag's, they can't be sacked, that would show the party up for what it is , so best to divert the public's attention to the war (what war?), just like Thatcher did with the Falklands and then make the stinkers out to be strong and acting the in best interests of the people, then they be awarded a life peerage and they can step down with a ministerial pay off and non contributory pension to take a seat or two on some company boards who always want lobbyists and already donate to the party funds !
Similar situation with some companies , what does the BOD do with over promoted self serving parasitic, lying Toerag's, they can't be sacked, that would cast suspicions on the actions of the BOD or if it was fit for office, or may encourage close scrutiny of past practice or company accounts, so the usual preferred option is to shed some crocodile tears and wave the inept wastrels a goodbye with a golden handshake and glowing references so they can take up a "Pound seat" on another company board and assist with screwing the share holders again until the next time that the cracks in company policy can no longer be glossed over !

Hi Dasut,
Thank you for your explanation, I had feeling that you would be able to enlighten us on the feasibility of this monster battery powered shovel, doesn't surprise me considering the way the public are being hood winked over how environmentally friendly electric cars are, when in fact the production of the batteries and their disposal at end of life is hugely damaging to the environment.
I really appreciate all you have taught me about the realities of the at the face side of mining!
I always enjoy your lessons on actual at the pit face mining and I am sure I am not alone!

Cheers!

Tibbs

the author of the Mining Stock Journal, Dave Kranzler, joins Andrew Maguire once again to contemplate the changing dynamic of how paper and physical gold markets interact.

As the Russian currency keeps strengthening, the two precious metals experts delve into the monumental ramifications of pegging the Ruble to gold, and the possible emergence of a new monetary system.
https://www.youtube.com/watch?v=-riVXhvfFaI&t=11s

As always please note
The opinions expressed in this video of Andrew Maguire and any guest,

Hi Dasut,
Good points about how to power the lifting gear etc,
https://www.osti.gov/servlets/purl/990290
https://electrek.co/2019/01/29/caterpillar-electric-excavator-giant-battery-pack/
https://www.angloamerican.com/futuresmart/stories/our-world/environment/mining-with-renewable-energy
On January 27 2022, Sany Heavy Industry’s first 300 t electric-drive front (face) shovel, SY2600E, officially rolled off the production line in Kunshan Industrial Park in Suzhou, it says “once again achieving a technological breakthrough in the field of super-large excavation.

https://im-mining.com/2022/02/09/sany-heavy-industry-unveils-new-sy2600e-300-t-class-electric-drive-hydraulic-face-shovel-suzhou-factory-china/

Good news Cowichan, thank you!

Should I buy an electric car?

https://www.pistonheads.com/gassing/topic.asp?h=0&f=135&t=1982601

entamin plc (LON:CEY – Get Rating) has earned a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 120.33 ($1.57).

Several analysts have issued reports on CEY shares. Royal Bank of Canada reissued an “outperform” rating and set a GBX 120 ($1.56) price target on shares of Centamin in a report on Monday. Morgan Stanley reissued an “equal weight” rating and set a GBX 100 ($1.30) price target on shares of Centamin in a report on Thursday, March 24th. Liberum Capital restated a “buy” rating and issued a GBX 108 ($1.41) price objective on shares of Centamin in a research report on Wednesday, March 16th. Peel Hunt restated a “buy” rating and issued a GBX 130 ($1.69) price objective on shares of Centamin in a research report on Wednesday, January 19th. Finally, Berenberg Bank boosted their price objective on Centamin from GBX 108 ($1.41) to GBX 114 ($1.49) and gave the company a “buy” rating in a research report on Tuesday, April 5th.
https://www.defenseworld.net/2022/04/14/centamin-loncey-rating-reiterated-by-royal-bank-of-canada.html

Nails on the head Cowichan!
As we are aware there has always been rivalry between the ElRaghy family and Sawiris who has been pushing his claim of being treated unfairly for a long time with with Egyptian government officials.
In the main though it seems that foreign investors like us are the ones who tend to be treated unfairly considering how long the Sukari license court case and the challenge to the withdrawal of the previously agreed diesel subsidy have been languishing in the Egyptian court system.
Remember Law 32 , there doesn't seem to be any intention of ratifying that anytime soon!

Hi Dasut,
If you recall thr LHDR wasn't the cause of the crisis , it was the hitting of unexpected low grades, in the open pit which in fact Pardey was made aware of two years previously. but he denied it and carried on glossing over the cracks by high grading.
It was just unfortunate that the LHDR decided to self destruct at the same time they hit the low grades in the open pit meaning that they couldn't supplement i the lower open pit output from the underground,
I understand your point about it not being cost effective to have a second LHDR on site, however that is assuming that the operation was being run properly, which we now know it wasn't, so considering what we know now and the amount of money the BOD has squandered elsewhere I feel the cost of a LHDR pales into insignificance!
However all these issues aside which I agree we have different opinions on, the simple fact is that Pardey lied, not just once, but on many occasions!

Hi Dusut,
I too recall some media reports naming Capital for the underground mess up, absolutely wrong as you say nothing to do with Capital.
One of our forum members and former share holder lives in Jersey, he certainly didn't have a very high opinion of Pardey or his professional abilities, in fact he sold a very considerable Centamin share holding because he felt Pardey was way out of his depth and wasn't being honest with shareholders!
This former share holder said that Pardey certainly spent far too much time away from mining operations and that Youssef was regarded as a clown by most staff and he was disliked by certain members of the Egyptian government.

While the company does have a high rate of return, its low earnings retention is probably what's hampering its earnings growth.
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares/news/centamin-plcs-loncey-financials-are-too-obscure-to-link-with