Member Info for mrtibbles

Our Glorious Up His Own Rear End PM!
Rishi Sunak was escorted through central London by a motorcade featuring dozens of jogging police officers - with social media users slamming the procession as “over the top”.
https://uk.yahoo.com/news/dozens-jogging-police-officers-escort-165238086.html
Interesting though I didnt know that many coppers could run!

Hi Dasut,
I agree with your appraisal about why things went so wrong and how to put things right and I feel pretty sure that Kees Dekker would feel the same , especially about the strip ratio!!

Yes very sad Mr Gnome, it is apparent that moral rectitude is a very scarce commodity in Africa!

Thank you Mr Gnome, seems to confirm just why Africa isn't the place to try to carry out any legal business!

Hi Mr Gnome,
New investors are often puzzled why the share price seems to languish at lower than what might reasonably expected values and why the market seems unimpressed and lacking confidence in the company's, by comparison longer term investors are all too painfully aware of the reasons and how many times the guidance promises and promised updates on other projects have failed to rematerialise at the last minute!
As i have stated in the past we shareholders have been taken for granted and deceived by the previous management far too often , in fact deception and lies seems to have been the custom and practice of the previous management which is why we are where we are and that shouldn't be forgotten, I agree unforeseen occurrences can happen in mining, but the consequences bad mining practice at Sukari which has led to our present dilemma was warned about in 2015 and subsequently denied and ignored by the previous management!
So so now is not the time for sweeping under the carpet the years of deliberate bad mining practice and erratic performance until the promised results are delivered, until then people need to be on their guard!!

hi Dasut,
I was seriously considered considering going to the FCA concerning the Josef El Raghy sale of 20 million of his shares in 2017 which seems suspicious when considering he had privileged access to information regarding the future grade problems that Sukari would suffer in 2018.
Like many other share holders I feel that we have been deceived because it is not easy for ordinary people to understand the geological and analysts reports, that said though ordinary investors should able to rely on the company being honest about future production predictions, possible problems etc.
I did try to find out from Centamin at the time the reason why the CEO was disposing of so many shares, 20 million all at the same time, I was told that they weren’t sure, but likely he was probably just diversifying his portfolio, or that he wanted to use the money to set up a new mining venture, what a crock!
In the 2018 Q1 Andrew Pardey was still predicting that 580.000 oz were possible for that year, yet three weeks later Centamin issued an RNS warning that production guidance was going to around 505.000 due to poorer than expected transitional ore grades, difficult geological strata and problems with plant, which it is now apparent was the sole but inadequately maintained LHDR on which the understated, but so very essential underground contribution to overall production relied!
In 2015 the glossing over of inherent open pit grade problems was denied by Andrew Pardey who claimed Kees Dekker was wrong, but when Kees asked Andrew Pardey to provide the full production stats so as to avoid Kees having to make roundabout calculations, the correspondence ceased!
As you point out they should have tackled the problems far earlier, Kees Dekker mining analyst believed their forecast open pit grade could never materialise as they seemed to consistently overestimate it, or underestimate the dilution!
I am aware that I am nowhere near as knowledgeable on mining as you, or other former mining professionals on here, however I do resent being lied to and recognise "Bullsh(it' it is painfully apparent we were given plenty of that by the previous management!

Hi Mr Bond,
Mr Tibbles was a very clever cat who knew what he liked, snoozing on the back seat of one of the top end saloons in the showroom after he had finished greeting early morning service customers or carried out a patrol of his empire to ensure it was rodent and strange cat free, after which he would enjoy a snack of finely sliced smoked salmon or tuna chunks, although he was also partial to the grilled diced chicken thigh's which a neighbour brought into the garage every Monday morning, as well as the cat nip and other treats left by a number of the customers who still still fondly remember the way he used to meet and greet them in the reception and used car showroom!
Best
Tibbs

Major structural changes within the options market, exposing COMEX machinations that were forcing gold to fall into the predetermined price range for decades.
https://www.youtube.com/watch?v=6vfrPo_E99Y

Hi Dasut,
Yes exactly as you say!
Tibbs

https://positivemoney.org/climateflation/?link_id=0&can_id=7912b55e72d6174409e36b7a8226a78d&source=email-your-weekly-shop-is-soaring-firstname-default-friend&email_referrer=email_1887838&email_subject=_-your-weekly-shop-is-soaring-firstname-default-friend-_

Hi Dasut,
You are of the same opinion as Kees Dekker "Mining Analyst" these improvement in results are as forecast by him last year. and Kees is of the opinion that with Martin Horgan's present strategy this will continue going forward.
As you observed the stripping ratio is still very high as above 9, the cash margin is very low and possibly negative when considering capex associated with the open pit!
As Kees previously pointed out in his reports his reports of 2015 & 2018 it is the underground mining is the real source for cash flow at the moment, although as we are painfully aware at the time this was denied by Andrew Pardey CEO at that time!

Sorry typo should read Solar!

The role potentially played by climate change, as reflected in global temperatures and the increasing cost of fossil fuels.
https://eciu.net/analysis/reports/2022/climate-change-fossil-fuels-and-uk-food-prices

Food, fuel and energy bills are out of control and one of the reasons behind soaring prices is Fossilflation.

Watch now to find out how fossil fuels are making life miserable for all of us and why we need to reroute our whole system towards renewables to help bring prices down once and for all.

Sign the statement to demand Jeremy Hunt takes action now: https://actionnetwork.org/petitions/b...

https://www.youtube.com/user/PositiveMoneyUK

Underground mine backfilling is a form of ground improvement that has to be carried out in the mine sites. The backfilling provides ground support and regional stability, thus facilitating ore removal from nearby regions. The large underground voids created by the ore removal are backfilled with the waste tailings in the form of paste fills, hydraulic fills, and others. The tailings are placed in the form of slurry that undergoes self-weight consolidation. A small dosage of binder is added to paste fill and cemented hydraulic fill to enhance strength. Considering the high cement cost, mines are using fly ash and **** to partially replace cement with blended cements. This paper gives a practical overview of underground mine backfilling in Australia using paste fills and hydraulic fills. The mining methods and different types of backfills are briefly discussed, with major focus on paste fills and hydraulic fills.
https://link.springer.com/article/10.1007/s40891-015-0020-8

Grinding Balls and Other Grinding Media: Key consumables
Cutting consumable costs is important for all mining operations, but not at the expense of quality. Grinding media represents low hanging fruit for most miners. Most often, the grinding media in question are grinding balls. In some mid-cap mines, grinding media makes up ~10% of total mining operational expenses (OPEX) and significant savings can be achieved.

Selecting the best-quality grinding media balls is considered a key step towards reducing mining costs. This post discusses grinding balls and quality control procedures that can be employed in order to select the best grinding balls for particular applications.
https://kemcore.com/blogs/news/grinding-balls-and-other-grinding-media-key-consumables

Grinding Balls and Other Grinding Media: Key consumables
Cutting consumable costs is important for all mining operations, but not at the expense of quality. Grinding media represents low hanging fruit for most miners. Most often, the grinding media in question are grinding balls. In some mid-cap mines, grinding media makes up ~10% of total mining operational expenses (OPEX) and significant savings can be achieved.

Selecting the best-quality grinding media balls is considered a key step towards reducing mining costs. This post discusses grinding balls and quality control procedures that can be employed in order to select the best grinding balls for particular applications.
https://kemcore.com/blogs/news/grinding-balls-and-other-grinding-media-key-consumables

Ball mills have been the primary piece of machinery in traditional hard rock grinding circuits for 100+ years. They are proven workhorses, with discharge mesh sizes from ~40M to <200M. Use of a ball mill is the best choice when long term, stationary milling is justified by an operation.

What if you could reduce your operating costs by 10%, or sustain mechanical availability above 90%? What if you could build a culture of zero-incident performance on your site? Or improve your operational performance and put more to your bottom line? Our team of mining experts can make it happen.

Beyond the products we provide, our mining knowledge and expertise is what sets us apart in the industry. We’re not just an equipment manufacturer; we’re a mining company. We have teams of people with decades of experience working in the industry. They have hands-on knowledge of mining machines and applications, site operations and equipment maintenance and repair, mining technologies, safety solutions, fleet management— and more.
https://www.cat.com/en_US/by-industry/mining.html
https://mbmmllc.com/products/ball-mills/

The Function of a Ball Mill

To perform its functions, the ball mill operates on the principle of impact and attrition. This principle entails that the balls are dropped from near the top of the shell in order to bring about size reduction impact.
https://raregoldnuggets.com/?p=6740

In particular, "Money managers are concerned that troubles brewing in the US and European commercial real estate markets could set off a broader credit crisis,
https://www.bullionvault.com/gold-news/gold-silver-pgms-041920231