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Flog that horse Mr T, one day you will resurrect it.
I find it amusing that you put yourself forward as a long term holder & therefore an expert.
You certainly have not been in this share for a long time compared to those of us who invested well before Centamin was listed in the UK.
As for your expertise, your one-eyed, ill-informed comments speak for themselves - your constant attempts to indoctrinate unsuspecting people with your baseless and frankly moronic repetitions suggest that either you have ulterior motives or you are just a bitter individual looking for a scapegoat for your poor investment decisions.
Mr T, thank you for your explanation allways an interesting read when you post so take no notice of them that don't like your posts.
At the moment Im not worried if the price of the share doesnt go up with the price of gold. At least the company will be making a profit and we might see a bigger dividend. If you are reinvesting the divi then you get more shares for your money.
If you do not get a dividend from a share then really the price is a pyramid scheme! Look at Ocado. I dont think they have ever paid a dividend but the share price went into the highg£20's !!???? before coming back down to to below £5 ( I think). It is now around £7. Some people will have bought low and sold on the way up to the £20's (was it £28?) and some will have bought at that price and have lost out a lot.
I bought some shares here before the wall thing happened, when there was talk of £3 a share. So i bought some at over £2. It is highly unlikely that we will see that price in the near future, so I have probably lost out even taking the dividends into account. I reinvested the last dividend in the mid 80's , so if at some point I decide to sell some of them (at hopefully nearer £2 than £1!) then I will be in front and had the dividends as well.
Years ago there was someone on here who seemed to do well buying and selling on the rises and drops, but he got out around 55p. We are now double that and have had about 8 years of dividends.
So swings and roundabouts for some of the day traders as well.
Hi Ken & Patry,
I don't know how long you have both been invested in Centamin, so as a long term holder perhaps I can enlighten you the reason why Centamin is languishing at this level, loss of market confidence in the integrity and ability of the company to deliver what it promises and a huge increase in AISC!
This has been brought about by the previous management,including Andrew Pardey, & Youssef El Raghy intentionally using bad mining practice in the running of the Sukari mine to boost guidance and using ongoing media publication for the short term of what they knew to be unsustainable and for the most part unachievable guidance since at leat 2015, despite twice being warned of the consequences until a narrowly avoided pit wall collapse in 2020 exposed the cracks under the gloss!
This fiasco necessitated the appointment of a new and very experienced mining professional Martin Horgan as CEO who with his new team are having to totally reshape the Sukari operation for which we shareholders are paying a heavy price of around $460 m!
This is why we are where we are, it just fortunate that the POG is where it is otherwise things would be very much worse!
When will things really get better, well that's the question we all want the answer to!
Had hoped we'd heard the last from you
Steve, CEY is a funny share, I remember back in 2013 to 2015 gold just kept dropping for around 18 months but over that period cey managed to double in price so it's not always the gold price that moves cey
Agree- expected a much better climb today but the day is but young here in u.k. But annoying, all my other stocks are up more eg non mining and my even my crypto portfolio's up ~40% year to date - come on cey, get with the game
Gold will be above 2000 tommrow!
I’m puzzled myself why the Goldie’s are down in Europe, barric gold gained 2% last night…
Price of gold up nicely again but does nothing for the centamin proce as we still remain at mid December levels when gold was $90 lowered than today.
Quite an amazing drop from 126 when golds been appreciating in price.
Major stock indexes in Europe traded mostly higher in the premarket on Thursday as investors anticipated the latest interest rate decisions from the Bank of England and the European Central Bank. The Federal Reserve made its monetary policy move yesterday.
Meanwhile, earnings continued to pour in, with Deutsche Bank, Santander, ING and Roche all posting their quarterly results, while Shell will follow suit soon.
DAX advanced 0.35% at 8:00 am CET, while CAC 40 increased 0.80% and FTSE 100 was flat at the same time. The Euro Stoxx 50 added 0.82% simultaneously.
The euro was up by 0.16% against the dollar at 7:59 am CET, selling for 1.10056. The pound traded 0.08% above the greenback and went for 1.23845 concurrently.
Baha Breaking News (BBN) / AY
Gold holding $1954.53 at the moment
https://www.linkedin.com/posts/yasmin-ahmed-425485175_%D8%A8%D8%A7%D9%84%D8%AE%D8%B1%D8%A7%D8%A6%D8%B7-%D8%A7%D9%84%D8%AF%D8%B3%D8%AA%D9%88%D8%B1-%D8%AA%D9%86%D9%81%D8%B1%D8%AF-%D8%A8%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-activity-7026496564424519680-YbCp
shalateen company is going to announce the launch of the new bidround for 5 blocks which known of their heavy gold potential (Atud,barramyiah,um ud,hangaliah ,hamatah and fatteri). STAY TUNED!
#mining #investinegypt #goldmining #goldnews
https://www.linkedin.com/posts/sayed-elabnody-77322323b_%D8%A8%D8%A7%D9%84%D8%AE%D8%B1%D8%A7%D8%A6%D8%B7-%D8%A7%D9%84%D8%AF%D8%B3%D8%AA%D9%88%D8%B1-%D8%AA%D9%86%D9%81%D8%B1%D8%AF-%D8%A8%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-activity-7026497094261616640-26li/
Posted 13h ago
Egypt is preparing, during the next few weeks, to officially announce the launch of a global bid for the richest areas for gold in the world in Marsa Alam and Edfu in the Eastern Desert.
The bid is put forward by the Shalateen Company on behalf of the Mineral Resources Authority, as it holds the concession for 5 of the richest regions in the world in geological formations that bear gold ore, with rates that may reach more than 20 grams per ton, which represents about 15 times the proportions of gold in quartz veins Sugar [Suakri] mine.
Al-Dustour obtained maps and details of the international bidding that will be launched soon for the richest regions for gold in Egypt, especially after the Mineral Resources Authority and the Shalatin Company obtained all security and environmental approvals, and it also finished setting all the conditions that would attract major international companies to enter the bid.
Bidding, the most important of which is participation rates and the financial and technical ability of companies wishing to enter the bidding, provided that these companies have precedents in research, exploration and gold production, whether in Egypt or in foreign countries.
The maps obtained by “Al-Dustour” indicate the number of 5 regions in the Eastern Desert and Marsa Alam, including areas:
maps images via link : https://www.dostor.org/4299643
Major international companies have also expressed their willingness to enter into the new bidding, which will be launched soon, with a profit-sharing system, given the importance of these areas for the presence of gold in large proportions, based on the geological research that was carried out in the region through the missions of the Mineral Resources Auth.
--------------------------------------->>>>
Note: Atud (177km2) & Hangalia / Umm Ud (529km2) are the concessions adjacent to the new Sukari concessions
Finished at $1966. hopefully holds up overnight in the Asian markets. if it does, we should get a nice little bump tommorow hopefully! Think CEY was holding off for the fed speach....
Just broken through $1950
And they don't know before retail investors- the fed always speak at this time -
if your in USA markets it's within trading hours for example and of course the 24*7 crypto world and of course, you can cfd the gold price easily if you wish
like i said- powell, the fed - sorry to bang on every month like a broken record- but data points and markets it's really that simple - the hard bit is knowing which way!
What the hell caused that spike in POG. Outside of Comex trading period. Some leak as to Central Banks positions. The market always knows before retail investors. Interesting day tomorrow . That is unless a gap to create a shorting position to Institutional Investors to shear the retail sheep. Fascinating stuff. No Geopolitical reason I can see at this time.
No nothing Bob
well i did say it's all about the fed this week - it's all about the commentary that drives sentiment- the commentary and analysis drives things- will see how it ends up 08:00 tomorrow
Currently + .64% at $1940.87
Long time until 8am though
business
Typo ;-(
rt.com/businss/570746-warning-issued-for-petrodollar/
Note the date!
Monetary Fund
March 23, 2006
Presentation by Saleh M. Nsouli1
Director, Offices in Europe
International Monetary Fund
At the CESifo's International Spring Conference
Berlin, March 23-24, 2006
I. Introduction
The surge in oil prices in recent years has been taking place in an environment of rising global imbalances. Starting around 1996, a large current account deficit in the United States has been matched by surpluses primarily in other advanced economies and in emerging Asia, and has been accompanied by corresponding shifts in net foreign asset positions. To promote adjustment, policy advice has focused mainly on the need to promote savings in the United States and to foster expenditure in Asia, while moving to more flexible exchange rates arrangements. The impact of these recommendations has been limited so far, and large imbalances persist.
https://www.imf.org/en/News/Articles/2015/09/28/04/53/sp032306a
The dollar's global stature and wide use stem from the U.S. economy's leading global role and its openness to foreign trade and investment.1 These advantages proved irresistible to oil exporters, and their reliance on the dollar in turn extended its dominance.
https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp
Re Spoonington's misconception
KAU & KAG are hardly unique, they are just another stablecoin theoretically backed by a specific asset in this case gold & silver
Thank you for your enquiry,
It is healthy to question offerings, and we are producing lots of short explainers so as people can understand these complex products better, such as this blockchain explainer…
https://kinesis.money/blog/blockchain/understanding-the-kinesis-blockchain/
Regards
Andrew Maguire
Thanks Tibbs
Well written piece - Good Info. - Cheers.