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Hi Mr. Bond, I've skimmed Hinderburg's short dossier, which is fairly convincing as these docs go. Note Nikola have just issued a general denial and a threat to sue, and they have not answered even one of the specific allegations made in the dossier. Frankly, Nikola looks even ropier than Tesla at first sight. What did the great scientist Nikola Tesla do to deserve the dubious "honour" of having these two companies named after him?
Hi Sotolo - For tax reasons, I thought you always sold your shares prior to ex-div and repurchased after price-drop following ex-div. - Instead of 37% on divi's you go for 20% on CGT. - Perhaps I've misunderstood.
Tibbs, I remember you doing that. A couple of year ago I got £50 from Barclays, last year a gift pack of a malt whiskey and glasses, but last divi was just as slow; Cey shot up and I was many thousands out of pocket but no apology, so this time not even thinking about it. Maybe Cey will be cheaper by the time it eventually comes. It is another worrying time for us as range bound gold decides whether it breaks up or down. My sharecentre divi arrived this morning and I reinvested in Hoc as seem cheap compared to Cey just now, though will of course fall more sharply than Cey with silver, if PM’s break down not up
I agree Prof, A couple of years ago my dividend payments were late , so I put in an official complaint to first Direct (HSBC do their trading, Darren Lemasurier Centamin company secretary was most supportive to me in the complain procedure. Anyway I received a letter of apology from HSBC and £200 compensation, since then the payments have speeded up somewhat, although with staff working at home during the pandemic the last dividend payment took a little longer, be interesting to see what happens this time, the pandemic is a great get out of jail card for big organisations although it usually seems to work in their favour!
Morning Sotolo, I despair whenever dividend payment time comes around and we hear of the delay in payment. How can a bank keep a straight face when it uses as an explanation for a week long delay in paying the share holder their money, that it takes them that long to process/ clear/ convert the currency? This is the 21st century and all of that is their job. If this was the other way round, and a delay was not to their advantage, I can't help think it would be close to instantaneous. Hope you are keeping well and here is looking to 250 (as a staging post en-route to 300). Best wishes, Prof
Gold has risen £60 from its recent low and is only £40 off its August high, and remember gold in sterling is what matters to our sterling profits and dividend translated into sterling. I wonder how long I'll have to wait this time for Barclays to pay the dividend, and what the share price will do over the next week till I can reinvest; Barclays insist on taking the dividend in dollars and then exchanging for sterling, which is why they pay late as they say it takes them a week. However the good thing this time is the exchange rate was I think $1.31 on 20th Aug when Centamin did the conversion, now it is $1.285
Selling off paper, all depends of course, if they can find buyers. Too large a spread between physical and paper will clearly show that.Unless there is a sudden crash in stocks similar to March. Then for a while the lot goes down the pan. IMHO.
Major European stock indexes traded mixed premarket on Friday as investors awaited the latest batch of important economic data. Meanwhile, the focus also fell on the ongoing spat between Brussels and London. United Kingdom's Chief Negotiator of Task Force Europe David Frost claimed that Downing Street "remains committed to working hard" to reach a deal with the bloc despite introducing the agreement-breaking legislation.
The FTSE 100 was unchanged at 7:36 am CET. The DAX advanced 0.09% concurrently, while the CAC 40 fell 0.15%.
The euro increased 0.17% against the greenback to go for 1.18353 at 7:35 am CET, while the pound gained 0.15% to sell for 1.28249 dollars.
Breaking the News / MD
Happy Friday y’al May Centamin break it’s 52 wk high of 233.30 either today or in the coming week.
Billionaire Eric Sprott invests in silver11 Sep '20
First Majestic Announces CDN$78 Million Bought Deal Investment by Billionaire Eric Sprott Vancouver, BC, Canada - FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or “First Majestic”) is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as underwriter (the “Underwriter”) pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 5,000,000 common shares of First Majestic (the “Common Shares”) at a price of CDN$15.60 per Common Share for gross proceeds of CDN$78,000,000 (the “Offering”). The sole investor under the Offering will be Canadian billionaire businessman, Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially controlled by him. This investment will result in Mr. Sprott holding approximately 2.3% of First Majestic’s issued and outstanding common shares, post-closing. Mr. Sprott, commented, “We believe there has been a lack of appreciation for First Majestic’s equity in 2020 and we are happy to align ourselves with Keith who recognizes the mispricing of silver in the marketplace and has been a stalwart for silver.” Keith Neumeyer, President and CEO of First Majestic Silver, commented, “We are very pleased to welcome Mr. Sprott as a significant shareholder in First Majestic. As a fellow silver bull, Eric has been recognized as one of the most influential leaders within the silver investment community and this deal represents his largest treasury investment in a silver producer, let alone the entire silver space.” The Company expects to use the net proceeds of the Offering, together with the Company’s current cash resources, to develop and/or improve the Company's existing mines and to add to the Company's working capital. The Offering will be by way of a prospectus supplement (the “Prospectus Supplement”) under the Company’s existing Canadian short form base shelf prospectus (the “Base Shelf Prospectus”) dated November 5, 2018. The Prospectus Supplement will be filed in all of the provinces of Canada other than Québec and, together with the related Base Shelf Prospectus, will be available on SEDAR at www.sedar.com.
another “rigged sell-off" in the paper markets.11 Sep '20
Andrew Maguire explains how last Friday’s release of the nonfarm payroll data, enabled insiders to orchestrate yet another “rigged sell-off" in the paper markets. The precious metals expert breaks down the recent movement in the gold and silver markets and explains why insiders are extremely long gold and silver, ahead of an anticipated price reset. https://www.youtube.com/watch?v=kQ29CNDWY1k