Member Info for SunshineOnKeith

Supercharger, what you got on Burkina Faso?

Pray tell.

Addendum: Mining Weekly is quoting the CEO of the (Australian) Association of Mining and Exploration Companies, Warren Pearce, in the text below

below

Sorry for the double pasting above.

Sorry if this has already been posted.

2021 Western Australian (WA) state election/Date: Saturday, 13 March 2021, i.e. very soon. The Pilbara is in WA.

To many commentators, Labor look strong coming into this election, maybe / maybe not they win both the upper and lower WA legislative houses . Pollbudger (William Bowes) has an election guide here (see different tabs for details), judge for yourself: https://www.pollbludger.net/wa2021/Overview.htm?

The upper house is harder for Labor to win due to outsize electoral weighting of rural areas. But it is possible, too.

Hence the following news may be seen as significant:

"PERTH (miningweekly.com) – The Association of Mining and Exploration Companies (Amec) on Wednesday welcomed a pledge by the Labor party that it would not pursue an increase in gold royalties should it be re-elected in the March election.

Instead, the gold royalty would be maintained at 2.5%.

'With today’s commitment, all three major parties, Labor, Liberal and National, support no change in the gold royalty; this means that regardless of the election outcome the gold royalty will not change.'

'This provides gold companies the certainty they need to attract further investment and to push the button on the development of new mines.'

'The gold industry continues to make a remarkable economic contribution to Western Australia. It has led the recovery in exploration and investment in 2019 and 2020, with major gold exploration activity taking place across the Goldfields and the Pilbara...'”

"PERTH (miningweekly.com) – The Association of Mining and Exploration Companies (Amec) on Wednesday welcomed a pledge by the Labor party that it would not pursue an increase in gold royalties should it be re-elected in the March election.

Instead, the gold royalty would be maintained at 2.5%.

'With today’s commitment, all three major parties, Labor, Liberal and National, support no change in the gold royalty; this means that regardless of the election outcome the gold royalty will not change.'

'This provides gold companies the certainty they need to attract further investment and to push the button on the development of new mines.'

'The gold industry continues to make a remarkable economic contribution to Western Australia. It has led the recovery in exploration and investment in 2019 and 2020, with major gold exploration activity taking place across the Goldfields and the Pilbara...'" Source: https://www.miningweekly.com/article/royalty-stability-promised-for-wa-gold-2021-02-24/rep_id:3650

I found the above pleasing to read, but, as ever: Do your own research.

GLA .

fair enough

Is the forthcoming Western Australia a concern, with Agnew Gold Mine in mine, in terms of any possible (who knows?) increase in the royalty rate?

Genuine question: how worried - if at all - are people here by the forthcoming Western Australia (WA) election coming up, and with Agnew Gold Mine in mind?

Labor might win (who knows, but it is possible) control of both the upper and lower legislative chambers. They have tried and failed to get higher gold royalties in place in WA before, but were thwarted by opposition in the upper chamber.

How concerned should I be that it might be different this time?

Thank you.

Enough ad hominem attacks. Let's all move on.

Ragnarok (as per old Norse religion, not the movie) is a series of events including natural disasters and a large battle where Thor, alongside other gods, die.

Oh, and the world is submerged in water.

So, let's not wish for that, eh?

Hope so.

Interesting reaction so far in terms of the SP to the RNS. I'm watching and holding.

Fundamentals look good to me. DYOR GLA.

Sotolo - Hoc is an interesting one. If it was (is?) trading at a discount to other PMs then at least some of that is surely link to political risk, e.g. Peru. But Peruvian political risk may recently have abated. The SP is up today, and more so than FRES, and I think that makes sense. I am tempted to jump back into the share, having made a modest profit (but still a profit) when here last. Having said that, HOC often seems to trade at a discount to other PMs, even when a political risk premium argument is not so clear cut to make. Here in Scotland we call where I am at with HOC "swithering", or being really uncertain which way to face.

On another point, does anyone have any sense re. HOC's rare earths project, is that going well or not? Rare earths are really tricky to mine profitably and cleanly. I've read HOC's rationale for the project and an update from June, but it still feel in the dark on it for the most part.

GLA DYOR

are we at a football game?

Today's RNS?