Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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“There are tens of economic authorities in Egypt working with independent budgets which, in total, amount to the entire state budget. These economic authorities are technically guaranteed by the government and have access to state-backed loans that do not show on the budget,” explains Rashied.
“These unproductive entities receive the majority of available credit, add to the budget’s real deficit and effectively crowd out the private sector.”
https://english.ahram.org.eg/News/522892.aspx
Yep close but no cigar where golds concerned. Maybe after the next FED meeting.
It was the truth when I said it, so I am still left wondering how you got away with it, but well done
Don't be fooled by the MSM \ LLM (Lying Legacy Media) about Russia and the Wagner Group. The real enemies are the bankers.
"Russia is manipulated by the same elite financial interests that control the West"
https://expose-news.com/2024/05/02/russia-is-manipulated-by-the-same-interests/
Major European stock equities traded higher during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX gained 0.48%. The CAC 40 rose 0.42%. London's FTSE 100 jumped 0.44%. The Euro Stoxx climbed 0.29%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
*Earlier pre market comment removed and replaced.
Major European stock equities traded mostly lower during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX dropped 0.43%. The CAC 40 lost 0.36%. London's FTSE 100 was up 0.19%. The Euro Stoxx fell 0.85%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
Gold currently $2314.25
(Survived the night MrBond)
1 May 2024
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
DIRECTOR/PDMR Shareholding
Centamin announces that the 2021 share awards under the Company's shareholder approved Remuneration Policy and Performance Share Plan ("PSP") have partially (31.29%) vested.
The share awards are for ordinary shares of nil par value in the Company. As per the PSP, awards carry the right to dividend equivalents on the shares that vested.
For more details on the Company's long term incentive plans, including performance conditions of the PSP, please refer to the Remuneration Report within the 2023 Annual Report and Accounts, available on the Company's website https://www.centamin.com/annual-report-2023/.
DIRECTOR/PDMR NOTIFICATIONS
In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
All vested shares (net of tax) will be held by the Directors for a further two-year period and these shares will be retained towards the Company's in-employment and post-employment share ownership guidelines detailed in the 2023 Remuneration Report. Disposals referred to in this announcement are to cover tax liabilities on the vested share awards.
Yep Powell comes out toothless and fluffy pillows and up she goes. Stocks rose hard and fell back. Copper and silver trail gold and they've kept their gains tonight. The biggest moves often don't happen all at once - particularly when no-one expects them . I think this could be it !
Well so far ok, but morning we will see. So far its identical to the last pullback, so two more days to be certain.
🤗
Barely ahead- it has to do something, can't stay the same.
Will know more later, not many betting on a rise though, most on a cut, albeit albeit dates predicted keep getting pushed.
We'll know a bit later, but chances are will be the same comments, eg follow the data and do what's necessary (but I do recall his dovishness at the end of last year in the commentary which sent gold flying).
Of course, as normal, I'm not in when this occurs, but hopefully news will be good for holders and I can hop in again - easier to do when it's a rise :-).
We'll know shortly.
GLA!
Gold rising - Powell to speak and expectation is hawkish... but gold in the van ahead of silver and copper in that order. I don't know how a hawkish FED commentary can send gold up but the Nasdaq has been hit by AMD earnings and my feeling is this is crash time (though not for gold miners of course !).
Mr Horgan sold 95.8K from his 203k vested shares at price about 122 yestetday. Last year he did similar sale, then we all got a hard time. Cross finger, hope this time cey sp will not repeat last year's behavior
I dont bet on hiccups, it takes too much time and energy (generally losses, but I get a dopamine kick every now and again)
The paper stuff has real issues, and this is what you should focus your thoughts on. Ask yourself, how does the stuff get issued, who does this and why...at present interest rates is the debt servicable, if we have high inflaltion and disasterous productivity (not counting the clicks, likes, and favorable impressions brigade, ,or the hot air and BS of the Musk brigade) ..why does no one talk about productivity these days???
Gold is and will always be gold.
good luck to us all, we may need a lot of it ....
the gnome
Julian Assange
Well Tony, you leaving this forum didn’t last long lol- big announcement of leaving and then back again a few days later the minute gold drops a bit further lol.
Like I always said and keep doing so, trade the stock!
Most will have made a packet over this rise and the dips and rises too on the data point strategy I use.
And they will be out now awaiting to take advantage of new data.
Whereas just staying out since the start of April will have missed out on vast gains.
Happy trading and volatility your friend.
London's FTSE 100 index was flat during the premarket session on Wednesday as investors awaited fresh reports on housing prices and manufacturing sector performance scheduled for release later in the day.
The FTSE 100 traded flat at 8:00 am CET. Other European stock markets were closed due to the Labor Day holiday.
The euro lost 0.11% against the dollar at 7:58 am CET, selling for $1.06548. At the same time, the pound dropped 0.12% compared to the greenback, to go for $1.24769.
Baha Breaking News (BBN) / JJ
Gold currently $2287.63
Happy hump y’al
It's written in the constitution of many institutional Centamin shareholders that they are forbidden to invest in corrupt and oppressive regimes , certainly Eygpt unfortunately Eygpt under Sisi falls within that category so this may well be one of the reasons that institutions have reduced their positions.
Alexander Lukashenko is an evil bugger and bum licker of Putin, I can imigine Sisi rubbing along with them!
Belarus isolates political prisoners to break their spirit 7 August 2023
For almost six months, Maria Kolesnikova has been hidden from the world!
Arrested in September 2020, the Belarusian opposition activist has been held in total isolation in prison in the country since last February, with no phone calls or letters and no visits from relatives or her lawyer.
"They said, if you're 'political', then you'll feel it," Inga said, as she recalled her week at Okrestina detention centre in the Belarusian capital Minsk.
There were 14 women in a cell with four beds; no showers, toothbrushes or toilet paper.
Alexander Lukashenko has repeatedly claimed there's "not one" political prisoner in Belarus, because there's no such article in the criminal code.
But the respected human rights group Viasna currently lists almost 1,500 people imprisoned for their peaceful political actions or views.
One of its own activists, just released, was made to spend his last nine days in solitary confinement, sleeping on a damp concrete floor and using his fist for a pillow.
https://www.bbc.co.uk/news/world-europe-66384662
All these women are prisoners of conscience who suffered from the actions of the criminal Lukashenka's regime
https://belaruswomen.org/en/women-political-prisoners-in-belarus-pages
Alexander Lukashenko & Sisi are the same in many respects they should get on well together although the the world would be a better [place without both of them in my opinion!
A group of independent UN human rights experts said on Friday that there was “credible evidence” that inadequate prison conditions in which former Egyptian President Mohamed Morsi was held may have led “directly” to his death in June, and thousands of other detainees may be at “severe risk”.
https://news.un.org/en/story/2019/11/1050941
Morsi was denied medical care; his family was allowed to visit him in prison only three times; and he was held in solitary confinement for as much as 23 hours a day, which under United Nations guidelines classifies as torture.
https://www.aljazeera.com/news/2019/6/20/morsis-death-spotlights-systematic-mistreatment-of-prisoners
Gold has now lost major support as support line at $2291. Zero ounces left Comex yesterday as 58,000 ounces were deposited. The Chinese market is seeing signs of breakout yesterday on various stocks and so they may now be selling some gold to buy them and taking gold profits. USA data also gave red flags on inflation in that it is clearly going back up. Instead of rate cuts the data is putting pressure on for a rate hike. USD also went up and added to gold woes.
Centamin heading for 116p tomorrow in my opinion. Centamin support lines of note are at at 116p, 111p and 105p. Gaps in Centamin chart close off at 109p.
Last updated: April 30, 2024 3:07 pm
Egypt’s Prime Minister Mostafa Madbouly and his Belarusian counterpart, Roman Golovtchenko, witnessed the signing of several agreements and memoranda of understanding (MoUs) on Tuesday. These agreements aim to bolster cooperation between the two countries in investment, trade, and capital markets.
https://www.dailynewsegypt.com/2024/04/30/egypt-belarus-deepen-economic-ties-with-investment-trade-capital-market-agreements/
https://www.reuters.com/world/europe/lukashenko-talks-up-threats-belarus-justify-nuclear-deterrence-2024-04-25/
April 25 (Reuters) - Belarusian leader Alexander Lukashenko said on Thursday his country was facing grave threats internally and externally that had required it to change its security posture and allow Russia to deploy dozens of tactical nuclear weapons on its territory.
------------------------>>>>
The few remaining institutional Centamin shareholders will have less and less reason to hold their shares as Egypt becomes more aligned with Russia's axis of evil -
- the writing is on the open pit wall
After doing some research the general opinion seems to regard Jeffery Christian is an industry apologist with his own agenda!
Many of the precious metals professional traders including GATA have had a long running dispute with him!
Worth bearing in mind he disputed gold and silver manipulation years before, HSBC,DB etc. etc. and JPM was fined close to $1Billion for these denied manipulations and the DOJ naming them a criminal enterprise!
Hi Dasut,
Thank you
Not being an industry experienced professional I was hesitant to post in case it was likely to be too optimistic,or on the other hand worry or disappoint other holders.
So thank you for giving the benefit of your professional knowledge and reminding us of your conversation with Martin Horgan in the Q&A webinar.
Good to know that it wasn't a fob off, but as you say although not ideal it seems that they are at least making the best of what ore they have available helped by the strong POG!
Hope you have an enjoyable holiday!
Kind Regards
Tibbs
Tibbs, Paul sorry rushed my previous post because trying to get organised for travels later today. What I should have included that yes the detailed response certainly isn't a fob off response far from it because it is almost a bearing of the soul. I am somewhat surprised that the cut offs are so low particularly for the mill but it is amazing what a high gold price can do.
OK the heap leach providing it is well managed can be used for pretty much any grade providing the leach process is easy therefore weathered oxide ore is ideal. One of the issues on the heap leach can be compaction so as I say needs to be carefully applied/managed. With compaction the diluted cyanide solution doesn't penetrate efficiently but way cheaper process than through the mill.
Often see the heap leach at the start of an open pit mine operation with oxides prior to the mill being commissioned this gets the mine into gold pour early.
Tibbs guess your analyst friend will be critical of the low grades and it is easy to criticise but this is what flexibility is all about going with what you have got and making the most of it.
There isn't any mention of the slightly lower grade underground guessing the ventilation installation took them away from the more productive stopes.
Paul, As I have said many times the proof will be in the results after they have moved past the waste contract and are able to mine in numerous areas, albeit I am sure they are already benefitting from flexibility.
I like the idea of adding the cheaper heap leach process for the weathered low grade oxides because this will add production ounces, and contribute to profit rather than a cost which is what waste is.
Hi NoelShempsky, I got away with it because its the truth, people don't always want to acknowledge that though!
Thank you also Mr Gnome, you are quite correct !
So many of these any of these countries suffered exploitation of varying extremes under the various regimes of colonialism, so they fought for and now have self rule.
Now things should be so much better for the ordinary people of these now independent countries but instead t seems that in many instances their leaders and politicians in charge exploit their own people and their countries natural wealth even worse than in the past!