We spoke to new Sterling Energy CEO Tony Hawkins about the latest changes happening at the company. Watch the full video here.
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Major stock markets in Europe were higher in premarket trade on Monday as traders monitored developments related to the post-Brexit talks between the European Union and the United Kingdom. British Prime Minister Boris Johnson reportedly told French President Emmanuel Macron and German Chancellor Angela Merkel that a trade agreement would bring benefit to both sides, but noted that London is prepared for a no-deal scenario. According to media reports, European Commissioner for Trade Valdis Dombrovskis urged the United States to drop tariffs on imports from the EU stemming from the Airbus-Boeing dispute, warning that the bloc may retaliate in the same manner.
The DAX increased by 0.61%, while London's FTSE 100 gained 0.14% at 7:26 am CET. The CAC 40 advanced 0.70% at 7:35 am CET.
The euro was 0.08% lower against the dollar at 7:27 am CET, trading at 1.18212. The British pound was flat compared to the American currency, going for 1.30406 concurrently.
Breaking the News / MS
Gold is flat at $1930 which is slightly higher than Friday’s close.
Ken -I feel a lot better knowing I am not the only one that has to cope with the oldies views on stimulating conversation is with disagreement. I also seem to remember when we moved Dad over to be closer to us he broke the removal companies record of over 258 box's and they told me the worst people to move are Vicars and School teachers. It appears they always have a large collection of books, are untidy and can never throw anything away!!
I also agree with you that this board is one of the better ones for a mature conversation unlike others I have been on.
Still back to Centamin I have just seen the headlines of Boris and Merkel not yet solving Brexit and the Fed, Tump and Pelosi still playing games. Also the Mail on Sunday referring to the possibility of negative interest rates and we see Gold and Silver prices not surprisingly moving up again which I cannot see faltering for sometime yet. Perhaps yet again as when Brexit first took hold the precious metals miners is the place to be. ATB & Good luck for when we open trade Monday.
Hmmm, Lady Hale is compromised by her backers too. FT is a leftie rag. On the whole I concur that Johnson is a lazy bumbling fool. In fact the whole parliamentary process are. Take a look at the Bills waiting to be debated and question if this is a civilised forward-thinking nation or pontificating has beens...
I got in at 230p so hoping for big gains!
Well anoher breathless weekend in Oz. Virus this and Virus that, and a bit of MandA wafting through the rafters.
Still trying to find out who was responsible for making the decision to employ the private security firm in Victoria..won't someone int the government stand up (Ans: NO!), and what happened to the concept of leaders taking responsibility? As Henry Ergas commented" the cruellest thing one can do to Daniel Andrews’s explanation of Victoria’s strategy for dealing with COVID-19 is to read it a second time. After all, given the costs that are being inflicted on Victorians and on the country as a whole, one might assume, on a first reading, that a cogent justification for the strategy lay hidden in the explanatory material "..no such luck, like looking for the person who made the catastrophic decision on security. The virus has accounted for 890 of the 92,000 deaths since the virus hit the shores of Oz, and apparently there are less than 50 people in hospital on the day the Liberal Govt announced the "justifiable" worst budget in terms of short and long term debt in the history of the country...I can see a banket ban on getting out of bed looming fast in Victoria.
Great to see the MandA action in Oz, and the Golden Mile now is under one owner, for another decade or 5, until the walls of the pits fall in. The cutbacks must be unimaginable, and not sure how the city of Kalgoorlie is going to survive the next cutback...?
Diggers and Deales kicks off in the mighty Kalgoorlie, and it will be interesting to see the evidence for social distancing. Laptop dancing has been banned (at least in public places) but still the crowds throng...and no spare rooms! Expecting to hear more on the MandA front, there are no great greenfields discoveries. Bellvue Gold is going from strength to millions of ounces of high grade, so everyone is watching the action there. Benz Mining in Quebec is roaring ahead as well, and the use of DHTEM is allowing these companies to be far more effective in their exploration.
Finally the ghost of Ghandi flickers..."To everyone in Melbourne, the lockdown and the restrictions can end with us. It doesn't have to be violent. We all must engage in an act of mass civil disobedience. Open all businesses, have a picnic outside, enjoy yourselves at beaches and parks. "
Good luck to us all, and go Gold!
as the printing presses are going into overdrive for the forseeable future!!!
Thank you for posting and thank you for the kind comments, when I was in local government and also as a trade union convenor my collages and work mates often refereed to me as the "Jack Russell!" .
Please do keep posting , there are so many helpful, decent people on here, its also most probably the best informed Centamin forum on the web!
I seem to have built up a bit of a rapport and understanding with Centamin over the years.
I was as disappointed as everyone else over this last set back, but stay strong it is being dealt with properly.
i havnt posted on this board for a very long time but pop in now and then toread the posts.
I had the same with my father very inteligent guy even to the end he was always good a a debate gd rest his soul.
Guys and girls if there are any on this board i love to read your comments and must say they are very informative.
Mr Tibbles i admire your tanasity in questining the PR team of CEY and loveved the post when they warned you off trying to forward questions through the various broker haha they dont like you probing for the real facts.
Anyway guys this is a great board unlike some keep up the good work all that contribute good positive posts.
Thank you to everyone for your thoughts.
Thanks Mr T for your comments on Dad - I love him to buts but he can be a nuisance he enjoys a good old rant (I try to avoid arguments with him) but he likes them as he says it stimulates the brain? I suppose he is used to confrontation with angry parents, ha.ha.
For the Gold/Silver miners I saw comex and spot moving up very fast late Friday and so we could I agree be in a very good place here next week.
I can see a full lockdown coming at the rate of the new viruses coming. Someone once said it the whole world had a lock down at the same time for two weeks the virus would have nowhere to go. However it would be impossible to implement and lets face it the drugs companies would not like it either. Do they actually want the virus to blow away on its own natural course anyway as after all they has been a hell of a lot of money going their way at the moment? Or am I being too outspoken?
Hi Mr Tibbles!
Don't overestimate Boris's intelligence. It's actually rather stilted and limited. He's naturally lazy, over-privileged, and completely incurious. Those are hardly the traits of a first class mind.
Boris is also willing to shill for whoever pays him. And to generally say whatever he thinks his audience (be it a woman, the readers of his articles, an after dinner crowd, or the country) want to hear.
He does have a decent turn of phrase, and he does have an impressive memory for light verse, and he wraps up his narcissism in a false bonhomie. But finally he's a pebble rolling round an empty pot. I worked that out thirty years ago.
His natural level is that of a devious hack writing mildly amusing but not very truthful opinion pieces for some right wing news rag. He's just been promoted massively beyond his abilities. Unfortunately, by us!
We'd have done better electing a koala.
Back to gold. I believe we may have stopped consolidating, and we may be due the next wave up in this gold bull market. So I'm also hoping for a good week.
Yes Mr T ,I still do 7 km early morning, it's peaceful .I like watching nature in constant motion.
Twice a week visit the salt flats to observe the flamingo's, who do not migrate, as with the weather and food supply constant. is never cold enough to force them out.
Heres hoping for a good week .
Hi Mr Bond,
Thank you for this article , I shall pass it around, indeed the article makes some very worrying observations about Boris and his government, he is very skilled at portraying himself as such a likeable funny chap, just like Farage convinced the public he was an ordinary beer drinking man of the people and they fell for it!
Boris is very clever and equally devious, like some in his cabinet.
Farage is sly and deceitful with no integrity,although he has become very rich out of deceiving the masses about Brexit!
Still at least you can still have your nice walk., as far as I know!
In the UK our government wasting £69 billion and destroying large swaths of ancient woodland & wildlife habitat building an unneeded and out of date railway HS2., when instead they could fund proper treatment for Covid -19 instead of futile lock downs!
Hope Mr Gnome will sign?
"Gladys Berejiklian: Save Port Stephens Koalas" and wanted to see if you could help by adding your name.
Our goal is to reach 25,000 signatures and we need more support. You can read more and sign the petition here:
The recently completed Upper House Parliamentary Enquiry into Koala Populations and Habitat in New South Wales predicts the extinction of koalas by 2050, unless immediate action is taken. The NSW Government has just listed the Brandy Hill Quarry Expansion to be fast tracked. This proposal will see the bulldozing of over 50 hectares of koala habitat. It would be insanity for the Berejiklian government to ignore this report and allow the destruction of koala habitat in this area.
The benefit of this project is minimal. Hundreds of trucks will leave the quarry each day, many making a 5 hour round trip to Sydney, clogging the already deteriorating roads for a load of gravel.
No matter what my personal preferences are about m&a with Centamin I think Berkshire Hathaway buying into Barrick so recently suggests how real the possibility of M&A really is even if cey isn’t involved, at least in the sector which would always have a positive impact on the price of all mining companies.
And this is a clip from “Barrick Gold’s Wikipedia page”
Berkshire Hathaway disclosed that it purchased $562 million in shares of Barrick during the second quarter of 2020, immediately making it the eleventh-largest shareholder in the company. The new position is 20.9 million shares, which is 1.2% of the company's outstanding stock. Berkshire CEO Warren Buffett and his key business partner Charlie Munger have a history of dismissing gold as an attractive investment, saying a fine business run by good managers with cash flows and paying dividends is more productive than the precious metal. Buffett has previously said owning shares of quality companies is more valuable than owning gold itself.
I found the original post, posted by “Longimaner”, a new poster (with 8posts)
“Barrick as you know is completely, single-mindedly focused on tier-1 assets, and so it’s going to be of interest to us because there aren’t many tier-1 assets left that we don’t own or own part of,” he said.
Tier-1 gold assets are generally considered to have output of at least 500,000 ounces a year and long-term costs at the lower end of industry averages.
Fair comments Mr Bond, very true!
Your Dad did very well indeed considering the situation for ordinary people when he was a child.
The Acacia share holders have been treated very shabbily to say the least, but then in my personal experience of several buy out's of companies doing well I lost out on what the companies were really worth whilst the predator's enjoyed all the benefit of the takeover.
It would have bee a similar story if "Slimy Seb and Endeavour had succeeded in their bid for Centamin.
I would be very surprised if the "The White Hunter" would sort out the court case and he would most probably make things worse if he tried to bully the SCC.
Well if he dosn't like paying dividends ,Centamin will not suit them.
On top of that ,effectively Emra get 50% of profits, which puts production below his cut off of 500000oz. IE , 50% of production is for EMRA.
If Centamin were to double production, then maybe we would be a target.
At least that is what I am hoping.
Hi Chaps thanks for the comments -yes pretty proud of Dad he was the longest serving headmaster in london (Sidcup area of Bexley) and got there from having nothing as a child (sometimes not even any shoes to go to school with after his own father died when he was only 2 - no welfare state in those days ).
For the White Hunter yes he said when taking over Acacia that he was not interested in smaller mines less than 500,000 oz a year, and so sold off their Mali and was in the proceeds of doing so in of interest Burkina Faso. He still owes Acacia shareholders for those divis as I have not had anything paid to me yet. (perhaps they have not yet been paid?). So lets see but he likes buying and then developing further so he might see a growth potential at the very moment we have in Egypt. He does talk a good game (as well as shooting it) so we are facing a Challenge from someone experienced in sorting problems? He particularly likes sorting out those in court and with govts (ring any bells). However last week on Bloomberg the white hunter was talking about more consolidation is required in the Gold industry? I wonder why?
If White Hunter gun toting Bristow wants to get hold of Centamin then he will have to dig deep and be thinking about £5 a share, however should he do so he still has to rub along with EMRA and that would be interesting, quite a change from what he is used to!to bully them!
He won't want to do that he is far too arrogant and greedy!
If you check back to the 8th I posted the Jefferies note
Well done supercharger know easy task and Dad is lucky to have your support, wishing you both best wishes. Lovely to hear on all points
Just noticed lead time for physical gold has gone up from 1-3 days to 2-3 weeks! POG only going one way and we shall soon be back above £2.
Thanks Razors. Before the last production problem I was seeing 250 this year and 300+ at some point next. Depending on the scale of the production issue (21 Oct will be interesting), the life of mine report later in the year, POG and of course what production is called for next year, I still reckon we could move to between 250 and 300 next year.