Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Well that's fair enough Spoonington
https://twitter.com/centaminplc/status/1602693664865763329?s=46&t=-Qdslabj2Jl74BGu4XqfuA
GO nunquam!!!
The prices of gold and silver extended gains on Tuesday following the better-than-expected inflation data from the United States, with investors now expecting the Federal Reserve to slow down the pace of rate hikes.
The November core CPI also marked a decline last month, for the first time after a prolonged period of elevated price growth. The Fed's monetary policy statement is scheduled for tomorrow afternoon, and markets expect a 50 basis points rate increase.
Spot gold jumped 2.45% to sell for $1,824 per ounce at 10:01 am ET, reaching the highest value since the end of June. Meanwhile, silver rallied 3.16% to $24.04 per ounce at the same time to reach levels prior to the July sell-off.
Baha Breaking News (BBN) / ND
Back in profit at last. :)
Being patient with this share will shape up to be one of my best investing decisions.
Nice move :))
Gold at 1809 USD as I speak.
Boom! Like I predicted the inflation tops/drops continues hehe- this is why I trade on markers :-)
Steve Comex prices at the moment are still in control, though looking at the buying price for Bullion or coinagage, you will find a different story .
Out of stock and contact for prices.
2 weeks to go to see if US are going to comply with Basel 3 accord.
Impossible to predict the result.
Could drive many Comex dealers into Bankruptcy.
Here's hoping for lower CPI in the US today to match or be even lower than predictions... a good level here will cement FED path further and gold will rise as will we... although ensuing commentary on background data remains key as always
see when it sinks in, take a few days,no doubt.
Excellent News .
Be interesting to s
https://www.lse.co.uk/rns/CEY/sukari-resource-reserve-update-80jbmcm8cvbnwov.html
Major European markets traded higher on Tuesday premarket amid the release of new economic data and with all eyes on inflation.
Today, market participants are receiving the latest unemployment figure for the UK as well as reports on economic sentiment and CPI in Germany. In addition, investors will be looking ahead to the release of the latest US inflation data.
The DAX gained 0.20% at 8:01 am CET, while the CAC 40 added 0.39%, and the FTSE 100 was flat.
The euro improved by 0.13% against the dollar at 8:00 am CET, selling for $1.05499. The British pound grew by 0.15% to go for $1.22889 simultaneously.
Baha Breaking News (BBN) / JG
You do not have a knowledge of gold mining
What is even more interesting the maximum depth of 3 D . Compared to drilling.
Yes drilling seems expensive,but in the end gives ore samples from whatever depth you wish to investigate.
Open pit ,being far different than deep mine.
for those that do not understand drilling ,it can be complex, not verticle ,but at an angle to find more and the spacings of the loade.
Drill more if it looks promising.
The early core samples at Sukari are geological specimens,worth far more than the gold ore in them.
Take a look at Centamin website.
For the few that are interested.
be very interesting. Given they sample os little of the orebody, and the orebodyies are so in****genous in 3d, one does wonder how they ever think they are gonig to get lcose without getting a lot closer drill sapcing, which costs too much, and delays the whole process.
regards
the gnome
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European stocks declined in Monday's premarket trading as investors awaited a string of economic data from the United Kingdom and anticipated the United States Federal Reserve meeting scheduled for later this week.
The FTSE 100 lost 0.30% at 7:31 am CET, the DAX fell 0.53% and the CAC 40 was down 0.43% at the same time.
The euro decreased 0.15% compared to the dollar to sell for 1.05138 at 7:32 am CET and the pound declined 0.27% against the greenback to go for 1.22235 at the same time.
Baha Breaking News (BBN) / NP
Happy Monday y’al
Friday’s volume ratio was hot, that’s if you believe that sort of thing.
Vol. Sold 1,072,527
Sold Value £1,159,102.44
Vol. Bought 3,193,267
Bought Value £3,458,751.44
—————-
*Booster rockets primed Huston!
The evidence of inefficiency is more the lack of evidence for the necessity to engage in such a large waste movement program at the clear expense of short term production & profitability. We as shareholders have received no real justification for this and certainly no cost benefit analysis of the extent of the program.
In the absence of information I rely on my knowledge of long established gold mining practices one of the key ones being that you always try to exploit your resource to produce as much gold as possible as early as possible in order to generate maximum cash flows quickly.
The way the waste movement program has been executed flys in the face of efficient gold mining practices based on the information we have been given. As Cowichan notes this has lead to the enrichment of other parties at the expense of shareholders which is a very poor outcome.
At then end of the day, the quality of the Sukari resource will shine through & I am confident the share price will recover accordingly however the price we have paid in the short term in terms of reduced dividends and reduced capital access is something I do not appreciate & believe that the current management should be required to explain.
Bruce Lilford - Study-Project Manager at Centamin PLC
Jun 2021 - Present
My experience includes technical investor and shareholder interfacing, compiling exchange announcements and investor presentations. I am adept at negotiating contracts and am familiar with FIDIC and Australian contract law. I have successfully completed due diligences, studies and projects in Africa, Canada, Australia and the Asia Pacific regions.
https://www.linkedin.com/in/brucelilford/
-------------------------------------->>>>
Specifically M&A Q&As
re: Capital Drilling must be making 20% margin
Yes indeed - in 2021 their ROCE was 22.7% allowing then CEO Boyton to exceed expectations and double his remuneration for the year.
The question was/is - could Centamin have done the same job but much cheaper?
Obviously we know the answer to that question is yes. Switching to owner operator is cheaper and is one of the reasons Centamin did so underground, replacing Barminco.
As far as cost of capital - Centamin's market cap is 7x that of Capital Drilling therefore have much more clout fiscally speaking. Leasing/financing the haul trucks would be equal or lower to anything Capital could negotiate , esp since Centamin has the relationships in place with Mantrac Egypt already.
As far as urgency, no reason Capital could do it faster. They hired Egyptians, many who already worked for Centamin in the past and were trained on site at Sukari previously.
Think about it - the Capital Drilling waste moving contract cost its CEO and now CFO their jobs.
https://www.capdrill.com/media/investors/Announcements/CAPD_CFO-Announcement-RNS_Website_FINAL_20222201.pdf
https://www.linkedin.com/in/gileseverist/
The nontendered, sweetheart deal made a few individuals some extra money off the books to start - and a boatload of money since.
Centamin shareholders will have overpaid to move the waste by the tune of $ 65 million when it's all said and done. Profit that wrongly went to Capital shareholders which should have stayed with Centamin shareholders.
Good work thinking for yourself 3bear - too many Centamin shareholders are afraid to do the same.
FY23 guidance is key. IF there's a strong production forecast with MASSIVE drop in AISC for 2023 we will have lift off.