Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It is a growing concern in Australia. Inflation unchecked. Unfunded social policies..etc..etc, but we see from afar .... we are not alone
Britain is caught in a paralyzing “winter of discontent” as rail workers, nurses, airport immigration officers, school teachers, mail carriers, bus drivers, university professors, highway officers and ambulance drivers go on strike. Britain has not seen so much labor unrest since the 1970s, when garbage collectors stayed home and grave diggers refused to bury the dead. Conditions were so dire in those years that the country had to be bailed out by a loan from the International Monetary Fund, and there was talk that Britain would end up the “East Germany of the Western world.”
That paralyzing turmoil set the stage for the Thatcher Revolution, which over several years reduced government domination of Britain’s economy and got it working again.
There has to be some interesting socuial revolutions coming up soon, and lets hope they accomodate those that have worked and saved hard.
Then there is the USA .... good grief ....
I fear
best
the Gnome
MaryBr190, with much negative talk on here, well done ignoring the noise. 19th Jan RNS says 'Robust balance sheet: cash and liquid assets of US$156.6 million, as at 31 December 2022' despite the noise here !!
Best wishes and continued success to all who can trade profitably on short term
puts and calls . I thought I had the pinnacle of trading opportunities but Marconi Logica BTG Santander et al proved ne totally wrong .
I refer to my previous posts . Balance sheet, time , Resource sustainability. management. divi return percentage. geo political factors. Global (IMF0 support. Future advancement prospects. Possible M.A action.
Holding. albeit multiples below current SP as bought in when just an old map on the wall. Currently trading Raytheon Lockheed etc as a no brainer. But well wrong before.
Bob
80-120 is a trading range although it took a while to breakout over a £1. Dividend is good to collect, a bonus.
It oversold at the moment so I took a 1st tranche of 10 back in around 104.
Will add down to 80s and reduce if it rises.
GL.
Agree 3bear. I'll be adding also in low 90's if it gets there !!
was my main holding, but sold out on 9th and 20th January. I can't say that I had any great reason for selling other than having made a good profit on the fairly rapid rise; just looked as if gravity would set in. Stockped grade CEY as a superstock. Central banks are buying heavily in to Gold. Share price dropped through 30 and 60 moving day averages, and looks as if its on a perpendicular to cross the 120 day soon. SP now entering the oversold area on the relative strength index. Estimated revenues appear to be rising, operating margin, cash flow, and cash appear to be falling. Torna raises some good points below. Gold mining companies can be fickle and not have the 300%+ rise that big mining such as Glencore has had over 3 years, but a low point must be on the horizon and opportunities for re-entry or new buyers to step in.
Thanx all for replying, seems that for now 90-£1 range is where we belong, reason why I invested in Centamin is because of the size of mine and future potential of SP increase…, is anyone here in Anglo Asian by any chance bought a few there as well as their dividend is good…
The clues on Centamin retreat from recent high.
1. Q4 report has Q1 2023 on lower production numbers as they reminded everyone of maintenance schedules and the like.
2. CEO say CEY 80's price was really cheap and we are finally at fair value.
3. The USD on RSI falls near to an oversold trigger that it has only done so 6 times in recent two decades. Implies gold has to retreat at some point and the trigger was pulled on Friday with USD up and gold USD down.
4. China returns to work after New Year holidays. Often get pullbacks as physical peak buying cools and paper trades have more sway.
5. GDX ETFs stall out with buying support exhausted.
6. More Gold eagle articles appear suggesting February pull back in gold, mainly sentiment indicators. (Large/Medium miners respond in advance).
3 Feb 2023
China keeping precous metals stocks secret!
Hedge fund expert and author of the Mining Stock Journal, Dave Kranzler, joins Andrew Maguire to discuss the potential effects of pricing silver in gold grams, gauging the chances for the silver squeeze to unfold.
As more Eastern and Gulf region countries consider settling global oil and commodity trades using alternative currencies, the two industry leaders debate the power of tokenised, allocated gold in shaking the dollar-based monetary regime
https://www.youtube.com/watch?v=eTdau5UwS3w
Silly Money!
https://www.youtube.com/watch?v=9z70BKwfSUA
https://www.moreaboutadvertising.com/2022/10/why-we-need-a-new-bird-and-fortune-to-explain-a-financial-world-teetering-out-of-control/
Explaining the financial criss
https://www.youtube.com/watch?v=hXBcmqwTV9s
Mr Bond & Cowichan
This forum is what it is because members help and support each other and unlike most other forums don't take offence with one another because they may have a different belief or opinion on an issue, also most members don't tend to delight in someone else's misfortune,brag about their trading prowess,feel embarrassed to ask questions, or even admit making mistakes!
This is why we are able to cope all the better with the snakes and ladders game of holding shares in Centamin!
We are after all all human and the market is hardly a level playing field for the likes of us retail investors!
Keep well!
Tibbs
Patryk. the share price has returned to realistic value, though if gold price falls shares would be lower, current dividend is about 4% so share price is hardly too low, nor much too high looking forward. For IF production rises as predicted and IF costs remain under control and IF gold stays around 1900 hopefully it will rise, but as said realistic for now
Although it is going back to many years ago ,You may be interested in Acp, an investment for the future .
I do not remember Avocet.
Maybe for you
Good luck in your future investments.
Sincerely.
I am very old ,and get confused.
;-)
You are wrong .
It was years ago , you really had to search ,didn t you ,
it was just a little anoyance ,no more really.
What about you with CEY ,did you buy at 2 Quid, and now you say you have sold all, I think you tell porkies. Thats why you are bitter. HA HA HA, good night.
: -)
I agree Tibbs - hopefully this latest tragedy isn't swept under the rug
007
you know exactly what I'm talking about - your investment in Avocet bit you in the behind big time when they dissolved - and that after the management wouldn't answer questions or explain the real situation on the ground
- kinda like Centamin, but go ahead and voice your enthusiasm to buy more, double down
Hi Cowichan,
I fail to see how any decent company could wish to do business in Burkina Faso whilst such abuses of human rights are taking place!
Amnesty International condemns in the strongest possible terms the massacre carried out by unidentified armed men in the village of Solhan(Sebba commune, Yagha province)on the night of 4-5 June 2021, resulting in the deaths of at least 130 people. Thiswas the deadliest attack oncivilians since armed groups began operating in Burkina Faso i
https://www.amnesty.org/en/documents/afr60/4249/2021/en/
https://www.amnesty.org/en/location/africa/west-and-central-africa/burkina-faso/report-burkina-faso/
Villagers said that heavily armed Islamist fighters killed civilians during attacks and planted deadly improvised explosive devices (IEDs). Fighters in dozens of cases raped and otherwise abused women and girls who were foraging for wood, traveling to and from the market, and fleeing the violence. The fighters also burned villages; commandeered ambulances and looted health centers; destroyed crucial water, telecommunications, and electricity infrastructure; and engaged in widespread pillage. Many villagers described seeing numerous child soldiers, some as young as 12, within the armed Islamist ranks.
https://www.hrw.org/news/2022/05/16/burkina-faso-armed-islamists-kill-rape-civilians
If Centamin delivers on its guidance for 2023 then Q1 results are going to cause some short term pain with production of around 100,000oz and AISC of $150m you're looking at a Q1 AISC/oz sold of 1500+ just like last year. I would not be surprised to see the GP back in the 90s on this news, and I will be piling in at that point as Q2, 3 and 4 will all steadily improve and years 2023, 24 and 25 will each be better than the last
What on earth are you rambling about , not that it is important.
A human rights NGO in Burkina Faso has accused the army of killing at least 25 civilians, including a woman and a baby, in the east of the country this week, according to a statement carried by AFP on Friday.
Neither the army nor the Burkinabe government reacted initially to these accusations. The east of Burkina Faso is one of the regions most affected by the violence of jihadist groups, fought by the army and its auxiliaries.
On Wednesday evening (1 February), "the Collective against Impunity and Stigmatisation of Communities (CISC) was seized by several relatives of victims" reporting "allegations of summary executions of civilians attributed to the Burkinabe Defence and Security Forces (FDS) in the localities of Piega, Sakoani and Kankangou", said a CISC statement received by AFP on Friday.
The executions took place as a convoy of "more than a hundred vehicles" left Wednesday for the Boungou gold mine, "escorted by dozens of 4x4 pick-up vehicles carrying several FDS in military uniforms", in these three localities along the National Road 4 (RN4), according to the CISC.
Twelve deaths (including three women and a baby) were reported in the village of Sakoani, about 125 km from Fada N'Gourma, the capital of the eastern region, seven (including four women) in the village of Piega, 60 km from Fada N'Gourma, and six in the hamlet of Kankangou in the territory of the village of Sampiéri, according to CISC.
Inhabitants of Sakoani contacted by AFP testified to the discovery of "eleven bodies" without life after the passage of the convoy.
"The death toll continues to rise as the information reaches us from the field," the ICSC said.
https://www.africanews.com/2023/02/03/burkina-faso-ngo-accuses-army-of-killing-at-least-25-civilians/
----------------------------------->>>>
My Thoughts:
How long can Endeavour's share price avoid getting clobbered by these deaths? And now it's the army/security forces who are the ones alleged to be responsible! If this massacre can be attributed directly to Endeavour security (either thru contract workers or what have you) what will be their liability ? Terrible situation.
007
There was a time you spoke quite vociferously against the poor management and lack of accountability of Avocet Mining PLC
And so you should have - if only to warn other investors of the dangers - even though it seems you lost money in Avocet by not heading the warning signs in advance
now you seek hard proof from your fellow Centamin investors why they are less than enthusiastic
but the red flags with Centamin are numerous - and shared ad nauseum by myself - but you are willing to accept them
Of course this recent fall in Centamin's share price is solely due to the falling POG - but is it any less irresponsible to voice high conviction while operational red flags are present?
Avocet Mining's failure is my hard proof that exiting a position based on management's failure to be forthcoming is better than blind faith in a CEO based on hope
If it does go to pound or lower ,I am going to buy another 100,000 quid in this.
It seems some think its on its **** ,ok your opinion, to me a good buying opportunity , getting out of some spare fiat currency.
Tell me why not, if you can prove it, I would be interested, if not I will buy gold coins, pity cey did not sell direct as a sideline.
I can assure you all I am genuine, some may think foolish ,so be it.
Its my opinion. :-)
Parky
The day isnt over yet see what the price of gold is at close,but yes it will more than likely go back to £1.I would be ineterested to hear why you choice this share it hasnt really got much going for it with high costs and it doesnt even pay a good dividend anymore.
This share is completely hobbled at present by the $467m to clear up the mess left by chancers Andrew Pardey & Youssef El Raghy who in order to gloss over the cracks were high grading for well over five years which has increased the AISC astronomically and so until there is some real evidence that the Sukari operation clear up is completed and going to deliver a sustainable and respectable guidance there are only promises of what might be achieved, some time down the road!
So 1880 broke today :( what is your view on bottom here £1 or are we going back to the 80-90 range again? What are the lth realistic views here? as watching this through years my guess is it’s difficult to predict, I was under the impression that once the issues with collapsed wall get resolved, Cey would return to realistic value…
Patryk, gold miners tend to lead the gold price, as other note gold had gone up too far too fast and miners have been anticipating that for a couple of weeks, plus with Cey add on the results. Miners tend to be a surprisingly good leading indicator of the gold price, hopefully it is just a big correction but gold is fickle, the miners should give us. Little advance notice