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A drill for the newly acquired acreage.
Closed gap on buy side. Short closed with small loss. We may break through this time.
All depends on where they are still clearing waste from now.
Otherwise, Q3 will simply be an update of the current production, so dont raise your hopes just yet.
Yes Tibbs, they will have been getting around $1920+ for most of the quarter. Horgan likes a strong Q3 to give them an easy run to delivery of guidance in Q4. So I'm hoping for some big numbers and an SP booster.
This will be the "Teller" 3bear, if things have gone as well as we have been led to believe then there should be some respectable improvements in profits and share price, if not and we get excuses then be prepared for the share price to get a real spanking!
90.80 make or break. Waiting for us market to open to see.....
Senior Management representative from Centamin including the head of investor relations are touting for new business in North America this week!
Possibly that market offers more opportunities than the London exchange which is fast losing its influence attraction to companies especially since Brexit!
Not denying the other day to day influences but in compassion they are minor a few pence here and there for anyone who wants to bother, but any as long term holder knows the really major influences on this share price have been the loss of market confidence and the huge increase in CAPX after crack in the wall forced he admission of high grading for far too long by digging themselves into an ever deeper far too small diameter hole with walls of far too steep inclination.
If and when the Capital contract is concluded then with present gold prices the full benefits of open and underground operations will be reflected in the profits which from past experience should have a very positive effect to the good on the share price.
Q3 results presentation is October 19
IS the next earning date coming soon?
Q3 production to exceed 130,000oz for first time since July 2020.
Q3 revenue to exceed USD240,000,000
You heard it here first.
Some other influences? These are the main one as proven all the time.
There are more traders on here than you think Mr T- they just spend their time posting all the time.
Many read it for the views on the key SP movers- eg the economic indicators and RNS comments.
He must be a young man, and if so good luck to him.
To spend much of his life p$ssing into the wind is an interesting if not fool hardy strategy.
best to all~the gnome
Astro
The sell volume is way higher than the buy volume so the market maker has pushed the sell price higher and then dumped stock. In theory it should retreat, but we shall see if an institutional buyer is on the other side picking up stock at a higher price. It is always uncomfortable starting the day with a share having a large price gap up. It has remainder higher on the Friday close all of this morning on the buy side.
Centamin could go higher during the week. The Asian market has gapped gold higher for USA market this morning and . I am not sure if USA will sell miners and gold early on this afternoon.
Steve
It would be naive of anyone, trader, shareholder even potential investor to think that any posts on this forum or indeed any internet forum could influence the share price of any stock, so one can only assume there must be some other reasons why any of those groups should bother to visit or contribute to any such forum.
Around a decade or so ago when Centamin was indeed going through some very turbulent times this forum was a source of information from Egypt, most of which wasn't in any of the main stream and market until the following week or later media and the forum was also a source of actual mining related and legal information from professionals who were invested which provided great help and support to members of this forum.
As you point out this forum has no effect on the share price so why should anyone visit it,possibly they just enjoy the contact, or regard it as a place to chat or vent off frustration, nothing wrong with that if it makes them feel better.
Personally I'm glad that people like Cowichan take the trouble to post information and articles such as the one on the Capital waste contract which is after all a major component of CAPEX and a major drain on profits.
Whilst I'm not denying the some of the other market influences on the share price I feel quite confident that when the Capital waste contract comes to an end it will be a great boost to market and investor sentiment generally and the share price will respond accordingly.
By the way you may find the T2W forum of interest it is more about trading than this one.
Tibbs
So not going up then......
Market maker made a pigs ear this morning with wide spreads on Centamin. Precious little volume.
Ideally needed to be below and break the upper resistance line. Otherwise it looks like a bull trap. It may then fail with a lack of volume follow through. We shall see.
Looks like I hit a nerve with Cowchain, and it was supposed to.
Nothing he posts impact the SP, many of us are traders and not holders, he is neither, and he cannot abide any form of comment or anyone who would dare critic his posts.
His scattergun approach is yet to provide anything to impact the SP.
Economic indicators and company RNS info, of course do, and have consistently provided the necessary SP movements and not his scattergun specutlation.
Major stock indexes in Europe traded lower in the premarket on Monday in anticipation of the latest Eurozone and United Kingdom inflation data that will be published this week.
The DAX lost 0.14% at 8:00 am CET. The CAC 40 and the FTSE 100 fell by 0.19% and 0.07% at the same time. The Euro Stoxx 50 decreased 0.26% concurrently.
The euro was up by 0.08% against the dollar at 7:58 am CET, selling for 1.06692. The pound was 0.11% higher against the greenback and went for 1.23964 simultaneously.
Baha Breaking News (BBN) / DD
Happy Monday y’al
Gold positive at $1929.42
10:07-17 September 2023
An Egyptian lawmaker has revealed that the first review by the International Monetary Fund (IMF) of Egypt’s economic reform program, initially scheduled for September, has been postponed for the second time.
It is now anticipated to take place in the first quarter of 2024.
“The initial review by IMF experts this month will not proceed due to the government’s delay in fulfilling some of the commitments it made with the IMF under the recent agreement,” said Yasser Omar, the Deputy Chairman of the parliamentary Planning and Budget Committee.
https://english.aawsat.com/business/4551346-imf-economic-review-egypt-delayed-q1-2024
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Also, Egypt's Supreme Administrative Court had set September 2 , 2023 to consider Centamin's appeal:
"As per the provisions of Egyptian Civil Procedures Law, Centamin's subsidiary, PGM, has submitted an application to the SAC to resume the Appeal proceedings and request the SAC to reject the original case in its entirety in accordance with the provisions of Law 32"
but that came and went, too
2023/09/14
The Egyptian government has reached an agreement with Gulf sovereign funds that invested in Egyptian companies to postpone the distribution of dividends for three years, according to sources familiar with the matter. The sources told Daily News Egypt that the Central Bank of Egypt will guarantee the necessary dollar liquidity to transfer the investors’ profits into foreign currency after the end of the period.
The agreement is part of the investment guarantee agreement signed by the government with Abu Dhabi Developmental Holding and the Saudi Public Investment Fund, which are among the most prominent investors in Egyptian companies. The government also pledged to protect the value of their investments and provide a guaranteed return of 8% annually for four years, after deducting taxes and exit fees.
The agreement covers the recent investments made by Abu Dhabi Holding in three government companies: National Drilling Company, Egyptian Linear Alkyl Benzene, and the Egyptian Ethylene and Derivatives Company, worth $800m. It also covers the investments made by the Saudi Egyptian Investment Company, affiliated with the Saudi Public Investment Fund, in four major Egyptian companies: e-finance, Abu Qir Fertilizers, Misr Fertilizers Production Company, and Alexandria Container and Cargo Handling, worth $1.3bn. These investments were announced in August 2023.
In addition, the agreement includes the investments made by Abu Dhabi Holding in five companies listed on the Egyptian Exchange, worth $1.85bn. These investments were announced in April 2023.
-------------------------------->>>
Somewhere in his palace in New Cairo Sisi is smiling wryly while listening to the Eagles...
Last thing I remember, I was
Running for the door
I had to find the passage back
To the place I was before
"Relax," said the night man
"We are programmed to receive
You can check out any time you like
But you can never leave
Thank you Cowichan very interesting!
Excuse me Cowichan.
Your final sentnce, are you referring to yourself and our endearing MR T ?
22 August 2023
Project completions –Séguéla (Côte d’Ivoire), Motheo (Botswana), Bomboré (Burkina Faso), Talison MSA (Western Australia), Cobré Ball Mill 6 (Panama), Navachab (Namibia), Sukari Paste Plant (Egypt)
https://www.listcorp.com/asx/lyl/lycopodium-limited/news/investment-presentation-fy2023-2912659.html
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Also, it's revealing how those who offer/post zero genuine input about Centamin's business spout criticism about others 'not knowing' about Centamin
Such mucks are not investors, they are lug nuts with too big a diameter hole