Ashford United East Kent Youth League under 13s took on Monkton away on Sunday. With United only having 10 players […]
With United only having 10 players and centre back Joshua Foster-Naisbitt playing in goal, and Daniel Stringer playing centre back it was always going to be a hard game.
Ashford started well with some good passing which led to new striker Daniel Wootton passing the ball across the goal for a tap in for captain Jack Cooper, 1-0.
Halfway through the first half a handball gave Monkton a free kick to which our keeper unfortunately dropped into the feet of a Monkton youngster to equalise.
Ashford continued to pile on pressure with Luc Rolfe almost putting Ashford back in the lead by almost lobbing the opposition goalkeeper.
With two minutes to go in the first half, United won a corner and newcomer Wootton put a peach of a ball in the box, unlucky for Monkton, the ball came off their own player and into the net.
The second half started and the 10 men of Ashford were under pressure from the start but they defended their hearts out with George Mason battling just infront of the defence and stand in goalkeeper Josh Foster-Naisbitt saving many shots. Not bad for a centre back ay!!
Half way through the second half, Ashford started to fight back with some great passing in the midfield and almost took the lead with some fine shooting from both Jack Cooper and Daniel.
Five minutes from the end, Daniel Stringer went shoulder to shoulder with a Monkton player and the referee gave a free kick. From that, Josh saved well, pushing it to the side only for a Monkton head to equalise.
A great little stat here: Matt Rolfe’s under 13 side are still 2nd in the under 13 East Kent Youth League with 4 games in hand and only 8 points behind top spot and are unbeaten in 18 months. Great stuff!
“As manager of this team since these boys were 9 years old, I have seen the team grow from strength to strength and after being runners up in division 4 they were more hungry and are on course to win league, and also are in a cup semi-final which is a great achievement for all involved and the club as a whole”.
Many thanks to manager Matt Rolfe for providing us with this match report. We hope to feature more of the youth sides in the coming months.
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WITH the short-term outlook for commodities remaining negative there is little likelihood of any relief for the next 12 months, which means more belt tightening, more mine closures and job losses, more financial hardship and more pain.
According to Thomson Reuters GFMS, the world’s top 10 miners have lost around half their market value in 2015, wiping out an estimated $280 billion. The clock has turned back on commodity prices and revenue to levels last seen in 2008, while over the same period debt on the combined balance sheets of the 10 is more than 50% higher. The story is worse for mid-tier and junior miners.
Fitch Ratings’ outlook for the mining sector in 2016 is also negative, reflecting its view that Chinese demand will weaken further and that commodities will remain unpopular with investors. Fitch says the slowdown in Chinese demand has created substantial oversupply in some commodities, including iron ore and aluminium, and it expects this to continue in 2016 as China’s economy undergoes a gradual deleveraging and transition from investment to consumer-led growth. Average prices for these two commodities are likely to be lower as are prices for copper and zinc. Nickel could be an exception due to mine closures and falling Chinese nickel pig iron production.
Companies are expected to continue to focus on cost control and short-term liquidity management but Fitch says they will find it harder to use cost cuts to aid debt reduction because the falling diesel prices and beneficial exchange rate moves that helped them in 2015 are unlikely to be repeated.
It is difficult to find good stories but important to focus on the few that are around, such as the Oyu Tolgoi (OT) underground development in Mongolia and the Portia Gold Project in South Australia. The US$4.4 billion financing package for OT is among the biggest the mining industry has ever seen and hopefully will lead to increased foreign investment in resource-rich Mongolia. The protracted negotiations between miners and the government took a major toll on Mongolia’s development but the OT package is a big step in the right direction.
In these toughest of times for juniors, demonstrated by plunging share prices, lack of capital and next to no investor interest, the story of Havilah Resources’ Portia project is more than worthy of recording. It is almost impossible to find starter projects in the junior sector but a unique partnership arrangement with contractor, CMC, has seen Havilah start mining. CMC is undertaking all mining, including removing 70 metres of overburden, at its cost but will split the proceeds of the gold won with Havilah. It is a big wager for CMC but one that seems certain to pay off without diluting Havilah’s shareholders and without Havilah taking out big loans.
The industry may also gain encouragement from statements by PwC in its annual analysis of the 50 biggest ASX-listed mining companies with market values under $5 billion. PwC says the pipeline of M&A activity suggests a belief that we might be nearing the bottom of the commodity price cycle. PwC mining leader Chris Dodd says, “The majors continue to divest non-core assets, so mid-tiers should be positioning themselves to be opportunistic with M&A. In the right hands, and with greater focus and attention, assets that the majors consider peripheral will deliver medium term dividends. We also expect to see mid-tiers launching joint bids for larger projects, and a strong preference for brownfield projects.”
The report also states that another positive to emerge is the focus on innovation. Leading miners are looking to technology to deliver improvements. Chris Dodd said. “Companies that can master their cost and productivity initiatives, move quickly for the right assets, and embed an innovation strategy will prosper.”