The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Put some lavender in, it looks good, smells nice & the bees love it and in turn move on to your fruit trees :)
The use of electric equipment is underway in Australia albeit on a relatively small scale so far.
The initial feedback is very positive, although there is increased capital cost up front, the reduced operating costs particularly maintenance is well & truly compensating. The benefits in underground mining have been highlighted as the use of electric vehicles dramatically reduces the ventilation requirements which can save big bags of cash.
Although the above sounds good so far I have had comments from friends who work hands on with the equipment suggesting quite a bit of the positive feedback is due to companies wanting to be seen waving the green flag rather than true practical benefits - only time will tell how beneficial electric equipment will be to the mining industry but I am quite hopeful :)
I recommend caution with Kinesis Sotolo, if you scratch the surface & explore their business model it has some terminal flaws & is essentially a Ponzi scheme hidden behind a veneer of respectability. I also am wary of businesses that set up operations in such reputable jurisdictions as Lichtenstein & the Caymans.
Just my opinion though :)
So mama, I came to Australia from England in 1974 when I was a kid, at school I was called a pommie bast*Ed & I can assure you Pom was not a term of endearment.
In Australia newspapers, television presenters, etc are allowed to refer to English as poms without any problem but use a nickname to refer to other races & you will be prosecuted.
I couldn’t care less about being called a Pom but I hate hypocrisy & double standards. I have been tempted to launch a racial vilification action to make a point but I am too damn lazy :)
On there website, CEY shows a mineral resource of 10M oz at the end of 2021 with 4M oz already mined.
Going back nearly 20 years I have seen very compelling information indicating there was a resource of at least 20M oz just in Sukari & not even counting the huge & largely unexplored surrounding area, a lot more than the 14M oz combined total.
Of course you are not allowed to claim that level of resource with out doing significant drilling & it is not cost effective to do all that drilling up front just so you can lay claim to a resource, however, I am extremely confident that there is gold in the ground to keep us all in generous dividends & an accordingly decent share price for many years to come - they just have to stop fannying about & dig it out of the ground :)
Hi Gnome
Another Aussie up when our friends in the mother country are in bed.
Off topic, but have a look at POLY on the LSE - can be hard to find a broker who will buy for you (IBKR & Commsec won’t, NAB will) due to Russian operations but a very interesting play - either lose 100% or potentially gain 1000% + :)
I get the impresssion you might like these sort of plays & reckon you are well capable of satisfying yourself as to whether the risk/return is right for you so I’m just giving you a heads up.
Have a nice afternoon/evening :)
Cheers
Spoony
Horgan can do as he pleases with his money but he should do his job.
In his results commentary he claims great success in reporting increased resources/reserves when many have known that these were in the ground for over 20 years!
At the same time he continues to hide behind previous management to explain Centamin’s woes despite the fact that he has been in the chair for close to 2 years.
I am tired of hearing promises of improved operational performance when the actual results fail to materialise - it is time for Horgan to achieve some significant advancements or make way for someone who knows how to mine gold rather than do deals and give meaningless investor briefings!
Invaders never do well unless they really open up with the big toys - just look at Afghanistan, Iraq, Vietnam, etc. despite a massive advantage in troops & weaponry none of those went too well for the US. Just a shame we humans are too pig headed to learn a lesson :)
Because my Aussie online broker uses a US intermediary (Pershing) to trade on LSE I have been advised that they will not buy POLY for me.
Interactive Brokers have said they will not allow buy orders because POLY is “too risky” this is despite the fact they are a non-advisory service!
Quite frankly I am stymied & ****ed off and intend to spend my Friday evening sulking :(
Good luck to you all who are actually able to buy some :)
Would some of the doom merchants please dump their shares. My GBP funds are finally available & I have a purchase order in for 25k @ 1.30. I know I’m being a bit greedy but with the volatility I am hopeful :)
Situations arise where market cap & balance sheet fundamentals become completely disjointed - I consider this one of them. There is cash in the bank to pay the divi, manageable debt levels & undrawn finance facilities available accordingly whilst not set in stone there are good indications of a capacity to pay & it is also in the company’s/management’s interest to do so.
If I do lose my shirt I have plenty more in my wardrobe so I am not overly concerned - I suggest you grow a pair & consider the risk/return numbers of this play :)
Good day to you all from sunny Western Australia don’t know about balls of steel but as soon as my moron bank credits by GBP account I am buying some of these!
They aholes have taken the money out of my AUD account hours ago but still no GBP :(
If I lose the lot so be it but the potential upside is just too juicy, the US 52c divi rebate which seems to be quite likely to go ahead is also quite encouraging :)
Good luck to you all & have a nice day
No my friend you will receive all my praise!
Anyone who loves doggies is a truly *****in person!
My lady has cured me of smoking + drinking addictions that for 35 years I could not correct - it is quite unfathormable
Mr t, thank you for your kind words regarding the Lady Spoonington.
We have disagreed on other matters in the past however my realisation that you are a doggie lover & accordingly a wonderful person makes me withdraw anything I have said or implied. I apologise Sir!
Please accept my best wishes together with a warm woofing from the Lady :)
Liars & cheats follow each other :)
All the ongoing conjecture brings me back to my strong opinion, we currently lack the technical expertise to properly/efficiently develop our wonderful resource.
Enough of deal makers, ESG exponents & assorted other pussies, give me a team of impassionate geos & ginger beers to release the value which I know (or am pretty damn certain) is contained in our grounds!
As an aside it is the birthday of my doggie the true Lady Spoonington Woofalot today (4 feb if time differences cause discrepanciy). Despite any animosity towards me, you are all required to put out the flags & bunting to mark this auspicious occasion! She is a rescue doggy who was terribly treated as a puppy, she is getting a prime wagyu beef steak for her birthday dinner followed with daddy’s own recipe raspberry cake. Failure to properly respect the Lady will result in terrible consequences :)
I don’t like to speak against the elimination of poverty but the problem is at the moment if we eliminate poverty we will simply increase the speed at which we are making the planet uninhabitable for humans (maybe not such a bad thing).
The planet cannot support the current human population even with a significant number living in varying degrees of poverty, imagine if we were all consuming at the level most of us take for granted.
The root cause of all humanity’s problems whether economic, environmental or social stems from our mindless goal of achieving perpetual growth in an environment with finite resources, unless we take action to cease population growth & indeed dramatically reduce the current human population we, as a species are doomed. Considering our inability as a society to make hard decisions that involve us putting up with any form of hardship I personally am betting on the doom outcome :)
Hi Dasut
From what Information I have seen I am of the opinion that the amount of waste being stripped up front is more than is required. If the waste stripping up front is reduced it allows for a steadier increase in production levels as opposed to a more sudden jump which will occur under the current apparent strategy.
I believe the steadier production increase is more favourable to shareholders whereas the sudden jump is likely to create greater benefit to executives by way of performance based remuneration. I do not begrudge executives performance based remuneration but I do take umbrage when I perceive there exists gaming of the system at the expense of shareholders.
I would love to see the release of more detailed information concerning the current pit problems & the overall mine plan as this may assuage my worries however the information has not been released which only serves to further increase my concerns.
Turnaround?
Ratings adjusted upward?
I can only think we are talking about different companies.
After selling the majority of my CEY position at 2 pounds (missed the peak but very profitable) in 2020 , I then significantly increased my holdings again at around 1 pound (missed the bottom but I still believe it will prove very profitable) so I simply don’t understand your conjecture that people did not wish to take a position - I am very comfortable with my position & am sure their are many others who are in the same position. I simply believe that the remedial work could have been done more efficiently which would have resulted in a far better share price than we are seeing at the moment. This adversely affects my capital management & accordingly annoys me - it does not change my view on the true value of the Sukari project which was created long before Horgan came on the scene & will remain long after he has departed.
As for West Africa, there are plenty of very successful projects taking place in West Africa so I don’t think a dump everything attitude whether it be yours or Kees Decker’s makes economic sense. Conflict & political turmoil are simply an unfortunate part of Africa & have been for a long time, this does not mean successful projects cannot be developed & without development the beleaguered people of West Africa have little chance of improving their lot in life so I find your dump & run attitude to be quite callous as well as lacking proper economic analysis.
Just my opinion & you are fully entitled to yours.
I am not implying anything Tibbs, simply repeating a comment you posted concerning Horgan - to be quite frank your opinion as to whether Horgan is a decent chap or not has not one jot of relevance to his suitability nor performance as CEO.