Member Info for mrtibbles

Hi Mr Gnome,
Similar situation in the UK , result of low interest rates encouraging of estate agents, developers & sellers pumping up prices , governments should have capped the amount that a house price can increase by each year!
So if they can't afford houses at the present rates they certainly won't be able to after an interest rate rise.
BBC report
Young Australians can’t afford to buy a home where they grew up. This is because of a confluence of factors, and the "affordability crisis" has only accelerated during the Coronavirus pandemic. We’ll hear from Alison and Susan, both of whom have come to the realisation that it makes more sense to buy elsewhere. Mike Wood of Australian Broker tells the BBC's Frey Lindsay how the housing market has become so inhospitable to first home buyers, while veteran Australian economist Saul Eslake describes how government policy has pivoted from encouraging home ownership to propping up prices. And real estate economist Diaswati Mardiasmo lays out the various government schemes to encourage homeownership, and the risks involved.
https://www.bbc.co.uk/sounds/play/p09ylg68

HiTornadotony,
Thank you for the post, Well done Senator Warren for speaking out against the utter stinkers who are just in politics for their own benefit!
So much for Trump going to clear out the swamp, seems worse than ever!
Not just in the US though it's like it the world over, look at the bunch of liars we have in our present government!

Our governments could have brought in legislation like Norway to stop oil companies gas flaring that would have meant saving decades worth of north Sea natural gas which could have been stored and used now, but they didn't because they aren't really serious about saving the environment and are lapdogs of big business (oil companies).

10 Oct 2021

There are thought to be over 10,000 gas flares around the world that contribute to global warming by emitting tonnes of carbon dioxide and methane.

Flared gas is a by-product of oil extraction and is frequently used as a method of eliminating unwanted gasses in countries such as Albania, Algeria, Libya, Iraq, Russia and Nigeria.

Yet, year after year deadlines set to stop the practice are missed.!

The oil industry says better infrastructure is needed to stop flaring and some of the world’s largest producers of oil have committed to ending flaring by 2030. What will it take for that to happen?
https://www.bbc.co.uk/sounds/play/w3ct2dr4

I heard from Siko, he is well and with the help of friends still doing his Egyptian charity work which is going well.
No doubt when he has some new news he will post it on the this forum.
As they say no news maybe good news!

Good to hear from you Mizolgit, thanks for the article!

Thank you Candid!

View Of Kees Dekker mining analyst.
Re 2021 BMO Centamin BMO Conference

The tone of the presentation is a lot better than in the past. The next few years will involve much capital expenditure with much a higher waste/ore ratio being mined both in open pit and underground. As long as the precious metal prices hold they will easily cope.

Hi Mr Gnome,
We certainly need some green shoots in the UK but of the environmental kind because our lying government's policies are destroying rather than protecting it including going against the wishes of millions of decent ,caring responsible citizens by building HS2
https://www.independent.co.uk/news/uk/politics/hs2-cost-buy-billion-nhs-education-brexit-a9293021.html
Centuries of farming, building and industry have made the UK one of the most nature-depleted countries in Europe.
Extensive agricultural lands and road networks, in combination with other factors, have reduced the wildlife in the UK to a point hardly seen elsewhere.
While the UK has made some gains, natural landscapes have been so heavily degraded over decades and centuries that we are simply not doing enough to turn back the tide.
https://www.nhm.ac.uk/discover/news/2020/september/uk-has-led-the-world-in-destroying-the-natural-environment.html
The UK is one of the world's most nature-depleted countries - in the bottom 10% globally and last among the G7 group of nations, new data shows.
It has an average of about half its biodiversity left, far below the global average of 75%, a study has found.
A figure of 90% is considered the "safe limit" to prevent the world from tipping into an "ecological meltdown", according to researchers.
The assessment was released ahead of a key UN biodiversity conference.
https://www.bbc.co.uk/news/science-environment-58859105
Brexit has given a way out of complying with EU legislation restricting or banning the use of Bee other insect destroying chemicals
https://www.buglife.org.uk/news/wildflowers-to-be-contaminated-with-banned-insecticide-uk-government-says-herbicide-use-will-stop-flowers-poisoning-bees/
Friends of the Earth and our allies asked to see all the evidence? behind the decision as soon as it was made. But we only received the information in March - and only after submitting an information request under Freedom of Information rules
https://policy.friendsoftheearth.uk/insight/why-government-wrong-ever-allow-banned-neonics-our-fields
I'm' really not that worried about Centamin because I am confident all is going well now, what does concern me more is the state of the UK and our world, no point having loads of money if the environment around you is being destroyed at such an alarming rate!

Hi Mr Gnome,
Same situation in the UK, although listening to Boris and his shower of party faithful at their conference they seem to be living in another world , certainly not the one that most people live in, the UK is really buggered and Boris and the BrexIteers deny it despite everything falling apart!
Thousands of healthy livestock being slaughtered on farms and then sent for rendering because there is no way to get them to abattoirs and even if there was there is'nt enough staff to process them, in the meantime our supermarkets have empty shelves and increased prices on whatever is available
We need a good opposition leader, Kier Starmer seems to be in the wrong party, no fire in his belly, doesn't want proportional representation, despite the Tories changes to the electoral system to make it less democratic and harder to vote them out, Kier is certainly out of touch with the ordinary people, if Kier were a meal i would describe it as bland, very bland indeed !

Stupid indeed and expensive, but then Pardey is good at making promises and an expert at kicking the can down the road, not much else, but his sort always go away with a good golden handshake and references to avoid embarrassment for their former employer, so they lways seems to get a place on some board or other!
Drilling company and a corporate Office in Mauritius, not many gold mines there I would have thought, wouldn't be to avoid tax would it?
It's about time countries like Mauritius wised up realised they are being taken for patsies and started charging these companies more tax!

Sotolo,
Really can't see the divi being cut and confident it will easily be covered!
Read Goldgnomes post and stop worrying!

n this week’s Live from the Vault, Andrew Maguire explains why he believes gold is coiled to breakthrough crucial resistance and silver is extremely structurally bullish.
With Options Expiry price-capping playing out exactly as predicted, the precious metals expert reveals that Russia and China are seizing the opportunity to grow their already substantial physical gold reserves.
Shifting to the COMEX, Andrew Maguire crunches the numbers on the tonnes of gold and silver demanded for delivery into the October contract.
https://www.youtube.com/watch?v=0cbafHgqtZ0

Sotolo please note --The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.

Shame thatAndrew Sabisky did'nt spaek up rather than sitting on the fence if this superforecasting predicted what amess the UK would be in now Sotolo!

https://www.bbc.co.uk/news/uk-politics-51545541
https://fs.blog/2015/12/ten-commandments-for-superforecasters/

Unfortunately the UK government believed the lies told by their very special allies and got caught up two conflicts that were unnecessary wasting millions olives and billions of pounds//dollars !
America created the mess in Afghanistan and Trump compounded it because the idiot didn't have a properly planned exit strategy
America didn't win the war it started and it certainly didn't win the peace!!
Now, two decades later, the U.S. war in Afghanistan is coming to a close. And the Taliban, once threatened so bluntly by Washington with total annihilation, have never been stronger.
Taliban forces have taken control of an estimated 188 of Afghanistan’s 407 districts. They are close to seizing dozens of others. Some Afghan government forces have fled the country to escape Taliban advances, seeking refuge in neighboring Tajikistan and Uzbekistan. And amid the retreat, the militant group is seizing containers full of weapons and military hardware left behind by Afghan forces, in scenes some experts compare to Iraqi forces’ retreat from the Islamic State in 2014 that precipitated the rise of the Islamic State caliphate.

Same mess up in Iraq
Colin Powell has called his 2003 speech to the United Nations, laying out the Bush administration’s rationale for war in Iraq, a “blot” on his record. The speech set out to detail Iraq’s weapons program, but as the intelligence would later confirm, that program was nonexistent.
https://www.pbs.org/wgbh/frontline/article/colin-powell-u-n-speech-was-a-great-intelligence-failure/

Letter: Afghanistan was Bush administration’s fault
By Brett Delana
Updated: September 2, 2021 Published: September 2, 2021

The situation in Afghanistan was caused by the U.S. when President George W. Bush decided to go to war in Afghanistan and the Congress authorized the use of military force. The vice president was Dick Cheney. The president’s Secretary of Defense was Donald Rumsfeld. Both were recommended by the president’s father. The Secretary of State was Colin Powell, a seasoned veteran of foreign affairs. One of the three advisors asked, “What is our exit strategy?” He was ignored, and once again America went to war for the wrong reason (remember Vietnam?). This was George W. Bush’s war. This was the Republican Party’s war. If you are upset about the outcome, do not blame Colin Powell. Blame George W. Bush and the Republican Party. And then ask yourself, “What can I learn from what I have watched happen?” We should have learned from Vietnam. I lost friends in that useless war. No one runs the world. No one should try to run the world. All that have tried have failed. And we failed again!

— Brett Delana

Thank you Cowichan,Dasut,Candid ,

From Centamin

At Sukari we have significant low grade stockpiles as we report each quarter. Currently this material is scheduled to be processed at the end of the mine life. However, as part of the life of asset work streams we are reviewing heap leach solutions to potentially bring that cash flow forward. It is important to note heap leach often yields much lower processing recoveries but is a low cost solution to monetising marginal ounces. With regards to the contained gold content this is equivalent to c.200,000 in situ ounces (pre-processing) – it is best to reference the last published reserve estimate: https://www.centamin.com/assets/group-reserves-and-resources/.

Exploring the mining concession is purely about maximising the value and opportunities across our license package. This is low investment exploration which has the potential to yield little to no capital expenditure growth as any potential satellite feed can be processed through the existing infrastructure. With regards to the blast and haul capacity, I don’t follow the comment on there being spare capacity. Both Capital and Centamin’s owner fleet are focussed on maximising productivities and efficiencies to full utilisation of our available fleets.
This has been successful to date, as investors may recall from the slide in our recent presentations showing total material outperformance in H1.

The only thing there is no impending shortage of these days is blame. Boris Johnson and his government refuse to acknowledge how Brexit has is failing British business just at a time we can afford it least. It’s the road hauliers’ fault, it’s the meat industry’s fault, it’s drivers’ fault, it’s British business’ fault. It’s everybody’s fault but their own - and Brexit has nothing to do with it. That’s the narrative, and it’s as phony as a Nadine Dorries THERE IS NO PETROL SHORTAGE tweet.
But if we are looking for any signs that the nation has seen through the miasma of misinformation and is ready to call out Boris Johnson for his central role in our troubles, then I fear we will be disappointed!

Hi MrBond,
Very fair and valid comments, indeed , agreed it suits the US and indeed our lying, inept, parasitic governments ministers to divert the blame onto the Russians !

Gas markets whipsaw after Russia offers to stabilise energy prices
UK gas contracts for November delivery soar almost 40% before falling back after Putin’s comments

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/e06c3b5d-153d-4c86-8c49-0d5447d58e76

Gas markets swung sharply on Wednesday after Russia’s president Vladimir Putin said his country was prepared to stabilise the soaring global energy prices that are threatening to curb industrial activity and sharply raise inflation.

UK and European natural gas prices shot higher early in the day to trade at close to 10 times their level from the beginning of the year. But prices abruptly reversed course hours later when Putin hinted that Russia’s state-backed monopoly pipeline exporter, Gazprom, may increase supplies to help Europe avoid a full-blown energy crisis.

“Let’s think through possibly increasing supply in the market, only we need to do it carefully. Settle with Gazprom and talk it over,” Putin said. “This speculative craze doesn’t do us any good.”

Gas traders say one of the drivers of the rally in prices is that Russia is limiting its European gas supplies to the levels in long-term contracts, and has let Gazprom’s storage facilities in the continent fall to very low levels.

Putin said Gazprom was exceeding its contractual obligations for gas supplies through Ukraine this year.

His remarks appeared aimed at staving off criticism from Europe that Russia is holding back supplies as it awaits approval for the controversial new Nord Stream 2 pipeline, which bypasses Ukraine to send gas to Germany. That project edged closer to going live on Wednesday after a judicial opinion in the EU.

UK gas contracts for November delivery surged almost 40 per cent as trading opened to reach more than £4 per therm, having started the year below 50p. But after Putin’s intervention, they ended the day down 9 per cent, at £2.71.

The gas industry was shaken by the swings in the price. Tom Marzec-Manser at ICIS, a consultancy, said it was “the most volatile and unpredictable day that many in the industry will ever witness”

https://www.ft.com/content/e06c3b5d-153d-4c86-8c49-0d5447d58e76

Its about time these Casino antics with essential commodities were stopped!
Basel 3 for gold so they are turning to other commodities to gamble with!
Our politician's should legislate or ban this type of futures trading!

Wednesday, 10/06/2021 15:13
GOLD PRICES were little moved inside a tight trading range versus most major currencies on Wednesday as rising bond yields and interest rates were offset by fresh record highs in energy prices, spurring fresh fears of long-term inflation as European stock markets fell hard.

Western government bond prices fell again, led by a sell-off in UK debt, as the wholesale cost of UK electricity leapt 40% this morning alone on what one commentator suggested was stop-loss and short-covering moves by formerly bearish traders.

European gas prices also jumped yet again amid accusations that Russia is deliberately capping supplies.

Gold priced in US Dollars bounced $6 back to unchanged for the week so far at $1760 per ounce
https://twitter.com/notayesmansecon/status/1445680474718814210