GoldTent Oasis is dedicated to our friend and founder John F. Murphy (Wanka) of Key West, Florida without whom this website would not exist. Gone but never forgotten.
ENTER ~ Post by the Golden Rule. Gentlemanly conduct is the attire of the day. GoldTent Oasis is not responsible for content or accuracy of posts DYODD. ~~~~~~~
Nevadas running out of water, California oil. He’s working on imports too by harassing truckers.
Valero Energy Corporation announced it will shut down its Benicia refinery in Northern California by April 2026, citing high operating costs and strict state environmental regulations. The company plans to transition the site, potentially reducing in-state production, while continuing to supply California with gasoline via imports.
California State Portal | CA.gov +4
Key details regarding the April 2026 exit include:
The Facility: The Benicia refinery, which employs 400 people, will cease operations, marking a significant decrease in Northern California’s refining capacity.
Company Decision: Valero cited years of regulatory pressure, fines for air quality, and high compliance costs, taking a $1.1 billion charge on its California refinery operations.
Supply Strategy: While refining will stop, Valero plans to import fuel, maintaining some market presence.
Broader Impact: This follows other industry contractions, including Phillips 66 planning to shut its Los Angeles refinery and Chevron moving its corporate headquarters to Texas.
The whole reason for the pm manipulations all these years has been just to annoy and stick to the few dozen of us here at the oasis, and since gold-eagle days.
😁😅🤣
While the neos on both sides need more war. Now they can print and manipulate the POG but only so long. As far as oil and manufacturing how long will it be till the miners do the same as the others, pass the cost on to the consumers. It’s not like the central banks and industrials that need it have a choice which might make the neos without a cause their nemesis. Perhaps in long term mines can get some of their own power like Bitcoin and other techs are working on.
I sure don’t understand it! It’s probably just speculation gyrations with our usual pals and their thumb on the scale. I can’t see it as a long term thing. But what do I know! I’ll let the genius’s figure it out. 🙂
War bad for Gold….I can’t get my head around that one …..I’d like to think the mkts sees more argueing, as the closer to the end we get, as the regime has zero chance vs the US and Israel…..but it is far more likely the mad correlation Algos that saw Gold trading the SM and now link the two !!!!! …go figure.
This came out of nowhere. As deer79 mentioned, they must have done some probing and found some holes. It was straight down for a while there. I actually thought we might bounce after the first hour. This has been a long correction. Hoping that earnings will help but not holding my breath.
There’s no volume and no interest. Can’t say I blame them.
keep the boot on our necks and totally demoralize. Check, and check. Another perfect day for the scum. Over and out, until another repeat performance tomorrow. Have to crush NEM no matter how good their earnings may be….
West African Resources Limited (‘WAF’, ASX:WAF) advises it has held extensive discussions with the
Government of Burkina Faso regarding the ownership structure of its Kiaka Gold Operations. On 16
April 2026, the Government published Decree No. 2026-0287/PF/PRIM/MEF/MEMC (Decree) in the
Official Journal of Burkina Faso. Publication of the Decree follows a meeting of the Council of Ministers
of the Burkina Faso Government held on 19 February 2026 that considered a draft decree to authorise
the Government’s acquisition of an additional 25% equity interest in Kiaka SA.1
The Decree authorises Société de Participation Minière du Burkina Faso (‘SOPAMIB’) to acquire an
additional shareholding in Kiaka SA and also details that:
the additional shareholding by SOPAMIB in the share capital of Kiaka SA is set at 25%, and is to
have a value of seventy billion (70,000,000,000) CFA francs (approximately A$175 million);2
and
the Minister of Economy and Finance and the Minister of Energy, Mines and Quarries are
responsible, each within their jurisdiction, for the implementation of the Decree.
WAF will work cooperatively with the Government to finalise the terms of SOPAMIB’s acquisition of a
25% shareholding in Kiaka SA. We will aim to have this completed by the end of CY 2026. WAF plans
to distribute the cash proceeds received from the sale of its 25% interest in Kiaka back to shareholders
by way of a special dividend.
WAF’s Sanbrado and Toega operations are not the subject of a request for additional participation by
the Government and are not referred to in the Decree.
West African Executive Chairman and CEO Richard Hyde commented:
“Publication of the Decree removes uncertainty regarding the Government’s interest in Kiaka. WAF will
proceed to finalise a transaction with SOPAMIB, which we aim to have completed by the end of CY 2026.
WAF plans to distribute the cash proceeds received from the sale of its interest in Kiaka back to
shareholders by way of a special dividend.
“Our discussions with SOPAMIB have been extensive and robust. During these discussions, we have also
explored opportunities for a mutually beneficial long-term partnership on advanced gold projects within
SOPAMIB’s current portfolio.
“I look forward to releasing WAF’s quarterly activities and cash flow reports later this week, which are
anticipated to report a record high cash position for WAF.”
WAF confirms it is in compliance with the ASX Listing Rules, including Listing Rule 3.1, and that this
announcement is intended to lift the trading halt of WAF’s securities and reinstate them to trade. This
announcement was authorised for release by WAF’s Executive Chairman and CEO Mr Richard Hyde.
Loading ...
California State Portal | CA.gov +4