Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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When comparing with the past, Reserves and resources plus cash in the bank need to be factored in. The best comparison is with H1 with average gold sold at 1935 say at 220,000 (425M revenue). Q3 probably 118,000 ounces but at 1925 price 227M revenue and Q4 with 60,000 hedged at 1900 and let us 1700 for 60,000 worse case (216M Revenue). the revenue is within $2M and if gold was 1800 average for unhedged it would be plus $4M. Although there is more Capex in H2 the reserves and resources are updated. H1 average price is 106p and we are nowhere near it.
Reading Kitco this afternoon, some say US interest rate will go up ,others say interest rate will be on hold.
In other words they dont know.
Dont trust any of them.
Look usa stock market moving up again they don't care about job data. Unfortunately, gold is stuck.
But any long term holder knows that this share price is just "Silly' , it was higher than now before Sukari stage 4 was completed, the CAPEX repaid and the commencement of profit share and payment of dividends !
It's pretty stupid that funds and institutions are buying into government bonds nderwritten by the creation of even more debt!
Looks to me like a load of part time, seasonal new jobs, as well as growth in government non-jobs. Not clear evidence of a strong economy at all, IMO.
But OK, let's see if they raise rates again. Heck, go straight to 7%. That will prove one way or the other if the US economy is strong :)
A lot of people do not believe the figures coming out of BLS on NFP anymore. They revised two earlier months higher as well. A lot of temporary workers were getting employed for Christmas run in and a lot of retirees getting replaced are listed as a new job number. So the revisions get made when the retired job gets filled or whatever. A lot of temporary jobs then disappear but some get counted again when temporary employment returns. In the meantime used as an excuse to lower gold prices and pump USD.
Not good news alas- data so far points to US doing better than expected, again (plus re adjusted last month up too), which means inflation concern monthly marker for FED, which points to continued hawkish stance on rates.
Wage growth not too high though.
It's all linked, the FED went to hit their inflation.
A miss on wage growth is more important to gold than NFP.
Pls job drop
Waiting for US data starting 13:30UK Time.
https://www.marketwatch.com/economy-politics/calendar
Look at the SP today never since that before moving near a straight horizontal line ??????
IS this a major support line or it waiting for the US job data?
Yep, inflation, inflation, inflation.
Centamin will host a virtual investor and analyst presentation and Q&A session on Thursday, 12 October 2023.
The event will start at 14.30 BST (UK time). Martin Horgan, CEO, and Ross Jerrard, CFO, will present the updated life of mine plan for the Company's flagship asset, the Sukari Gold Mine.
EVENT ACCESS
To join the webcast: https://www.lsegissuerservices.com/spark/Centamin/events/e9d8edd6-7536-4e63-810f-a08189c4f89b
Please allow a few minutes to register. A replay of the event and presentation material will be available on the Company's website
Major European indexes traded higher in the premarket on Friday as investors processed the recent comments by European Central Bank officials indicating that the current level of interest rates will have to be maintained for some more time. Additionally, data on British house prices and German factory orders are expected to be released before the opening of the markets.
The DAX gained 0.25% at 7:33 am CET, while the CAC 40 added 0.26%. The FTSE 100 rose by 0.13% and the Eurostoxx 50 increased by 0.29%.
The euro was down 0.10% against the dollar at 7:37 am CET, selling for $1.05387. The pound sterling lost 0.14% to go for $1.21752 at the same time.
Baha Breaking News (BBN) / JJ
*Weak share price is the market and the sector.
Happy Friday yâal
Weekend Dead Ahead, Enjoy!
Tornadotony called it - incomplete data on market screener or just glitchy - whatever the reason this is the website data shown today:
Van Eck Associates Corp.
110,273,580 9.519 % 123 M p
https://www.marketscreener.com/quote/stock/CENTAMIN-PLC-9730915/company/
The Federal Reserve's aggressive "higher-for-longerâ monetary policy stance continues to take its toll on gold as prices hold near their lowest levels since March.
While the precious metal has room to fall lower, one bank remains optimistic that despite the near-term weakness, prices can still rally above $2,000 an ounce next year and higher through 2025.
In her latest precious metals commentary, Ewa Manthey, commodities strategist at ING, said that gold prices have fallen more than 11% from their May highs above $2,000 an ounce as the Federal Reserve's hawkish outlook has pushed long-term bond yields to their highest level in 16 years. December gold futures last traded at $1,833.60 an ounce, relatively unchanged on the day.
https://tinyurl.com/5eprrzh7
Exactly the same as last night.
Get used it .
Not far off the 52 week low ,quite concerning
Https://www.usagold.com/daily-gold-market-report/
$250B increase in one day. End of next week we can hit $35 trillion at that rate. Wow USD stays stronger as well. like Alice in wonderland stuff.
Not far off the 52 week low
Daily RSI hit low 19 earlier today but managed to close at 20. The lowest in 13 years I have seen on gold was a daily RSI at 18. I have never seen the daily lower. The weekly RSI has just dropped under 33. I write it on here as not how massively oversold gold is on this day.
Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, CĂ´te dâIvoire, Jersey, the United Kingdom, and Australia.
Snowflake Analysis
Flawless balance sheet and fair value.
Rewards
Trading at 60.3% below our estimate of its fair value
Earnings are forecast to grow 13.23% per year
Analysts in good agreement that stock price will rise by 69.7%
Risk Analysis
Unstable dividend track record
Profit margins (9.5%) are lower than last year (17%)
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares
The analysts said that central bank demand is on course to see healthy demand for the year.
âThis recent buying suggests that we have now firmly moved past the net selling we saw in April and May, which was primarily driven by heavy, non-strategic selling from Turkey,â said Krishan Gopaul, senior analyst at the WGC, in the report. âWe are therefore confident that the long-term trend of healthy central bank demand remains in place.â
However, while demand has been robust, Gopaul noted that buying activity has been limited to a small number of central banks. China continues to dominate the market after it bought 29 tonnes of gold in August.
https://tinyurl.com/2h8unwws
Constant slipping. Simply wall st says:
Trading at 60.3% below our estimate of its fair value
Earnings are forecast to grow 13.23% per year
Analysts in good agreement that stock price will rise by 69.7%
so we're ****ed then!
Yes Robina ,seems you could be right.
Though there are many buys of just a few shares , maybe hoping to keep the price steady or hoping to raise it.
Dont worry ,at the current SP ,which is 20 pence less than the figures in the fundamentals which the basic value ,are just the crazy market makers .