The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Dang it Razor - I think you may be onto something. Unfortunately for us LTHs Centamin's share $ for a takeover has been engineered lower via the waste moving 'deal'. For those looking to connect the dots see:
https://www.linkedin.com/in/malak-khalil-0b857a12/
Dual qualified lawyer (Egypt/England and Wales) specialised in energy, environmental and natural resources law.
https://www.adsero.me/
https://www.linkedin.com/in/henry-onslow-08b8633a/recent-activity/
https://www.linkedin.com/in/simon-bottoms/
https://www.linkedin.com/in/mark-lynch-staunton-660a3345/
https://www.linkedin.com/in/daniel-kock-3608a133/
Note: To make it happen it would greatly help if Centamin maneuvers 'preapproval' from it's biggest shareholders.
Is that the stage we're at, Alex?
With the closing price of 104.45 once again Centamin is in great territory to receive a triple A RNS.
If the company makes an announcement regarding a potential bid or possible conclusion/cancellation of the court proceeding then the share price could break the 52 wk high and beyond.
Surely Alexandra Barter-C**** will come up with something.
I assume they must get more right than wrong! Berenberg was established in 1590, and today are one of Europe's leading privately owned banks, focusing on the business divisions Wealth and Asset Management, Investment Banking and Corporate Banking.
Its a real yank ?ank in the US in crypto space. It makes me wonder not what they were thinking of, but whether they have any capacity to think. FTX’s new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse. Governance? Exchange rules?
Elon Musk says his $44 billion Twitter takeover might result in a bankruptcy filing. But there could be other options.
To make the deal work, Mr. Musk has been trying to add subscription revenue (unsuccesfully) and reassure advertisers about the platform’s future (doubtful). Twitter was losing money before Mr. Musk bought the company, and the deal added a debt burden that requires fresh sources of cash.
It is tough to determine the state of the company. Twitter no longer has to file regular financial reports to the Securities and Exchange Commission (LOL), which are crucial tools for determining a company’s financial health.
Away we go ...
best
the Gnome
Berenberg raises Centamin price target to 123 (115) pence - 'buy'
Stock exchanges in Europe traded mixed in premarket on Tuesday as investors looked for signals about the next monetary policy moves in recent comments by high-ranking European Central Bank officials. Elsewhere, British Prime Minister Rishi Sunak said that the United Kindom will "not pursue any relationship with Europe that relies on alignment with EU laws," while Brussels reportedly plans to introduce more sanctions against Chinese authorities over their human rights policies in Xinjiang.
The DAX was flat, London's FTSE 100 lost 0.09% and the CAC 40 rose by 0.27% at 8:01 am CET.
The euro was flat compared to the dollar at 7:59 am CET, trading at 1.02475. The British pound was 0.12% higher than the American currency, going for 1.18332 at the same time.
Baha Breaking News (BBN) / MS
https://twitter.com/centaminplc/status/1594748965869715462?s=46&t=d3rbunx7n_pYPBf0BLa2ag
nice!
JUWI says it has commissioned the world’s largest solar hybrid project at Centamin’s Sukari mine in Egypt, helping the gold miner save more than 20 million litres of diesel a year.
https://im-mining.com/2022/11/17/juwi-commissions-worlds-largest-solar-hybrid-project-at-egyptian-mine-site/
Major stock indexes in Europe edged higher in premarket on Monday as investors digested the latest inflation reports, alongside central bankers' comments regarding monetary policy, which reconfirmed further rate hikes are most likely to ensue as the fight against high consumer prices continues.
On the data front, German producer prices are expected to be released before the opening bell.
DAX gained 0.09% at 7:19 am CET, while CAC 40 added 0.15% and FTSE 100 rose 0.12% at the same time. The euro was down by 0.39% against the dollar at 7:24 am CET, selling for 1.02837.
The pound was 0.40% lower versus the greenback and went for 1.18358 at the same time.
Baha Breaking News (BBN) / AY
Happy Monday y’al
https://youtu.be/txRYMUvCGLA
discusses why the central banks have been big buyers in Q3
Yes Goldnome, looking at the volume of small trades ,Bears and Bulls each day recently.
The only real trades seem to be late trades.
Which each day end with a rise.
Its good to have an event that rattles the over-ripe fruit, to fall out of the tree. Cleans up the registry.
the gnome
Major European stock indexes traded above the flatline in premarket on Friday seemingly drawing optimism from the latest remarks by the European Central Bank that hinted inflation will likely fall back in 2023, after the annual inflation rate in the region came in at 10.6%.
The consumer confidence in Britain slightly recovered in November, however still remained near the historic low, while investors anticipated data on the UK's retails sales set for release before the opening bell.
Frankfurt's DAX increased by 0.31% at 6:35 am CET. At the same time, the CAC 40 and London's FTSE 100 rose by 0.38% and 0.17% respectively.
The euro was flat against the dollar, to change hands to $1.03666 at 6:52 am CET. However, the pound sterling gained 0.29% against the American currency, to sell at $1.18997.
Baha Breaking News (BBN) / AB
Happy Friday y’al
Enjoy your weekend.
Absolutely right. I sold mine at the same price but not sure about the re-entry poiny
I guess what I'm trying to say is that centamin has nothing to fear from the Egyptian government.
Egyptian legal system is legendary hence the government's desperate attempts with law 32 to try and protect government businesses contracts from it.
Had it not been for our Mr Alfrahani's illegall blackmailing spree the government wouldn't have needed to come up with law 32.
But this also demonstrates the government's willingness and determination to resolve this issue.
Its not in anyones interest to prevent businesses investing and expanding in Egypt.
Major European stocks traded mostly higher during Thursday's premarket session as investors awaited the British government's fiscal statement in which finance secretary Jeremy Hunt is expected to announce a package of tax increases worth about £35 billion and spending cuts of £20-25 billion.
The fiscal statement will come a day after the United Kingdom registered a new record high in the annual inflation rate, which soared to the highest level since 1981. The October inflation data for the European Union was set for release after the opening bell. Meanwhile, the latest missile attacks in eastern Europe prompted new uncertainties across the continent.
While London's FTSE 100 traded unchanged at 8:08 am CET, Frankfurt's DAX rose 0.24%, and the French CAC 40 gained 0.38%.
The euro fell by 0.19% against the dollar to sell for 1.03777, and the pound declined by 0.16% to push past $1.19.
Baha Breaking News (BBN) / ND
Spot the Civil law in UK is slow.
This is Egypt.
Then of course there is the Diesel subsidy ,that is still in dispute.
Legal in Egypt is very slow ,it has been rumoured they have not settled disputes fom the Pharoahs yet.
My take on this is ether outcome is good news.
If law 32 is approved then thats the end of it.
If its rejected then centamin can then go back to court with all the correct documents and armed with the fact that the very man who brought the case is now a convicted criminal for blackmailing companies not to take legal action etc.
In many ways law 32 has dragged this out further by prohibited centamin from finally settling this in court in the normal way.
The Egyptian government is trying its best to encourage the mining industry to Egypt so nothing ever was going to come from the joke legal challenge.
There was a time many years ago that this action weighed heavily on the share price but i don't believe that's the case anymore.
If if was settled tomorrow the sp would be the same i believe.
I doubt the egyptian govt would endanger the golden goose, and the mining industry...
But it appears the Government would like all disputes finished.
Which may be very good,by passing the judiciary.
Hopefully.
Like Siko announce Yeserday /
Depends on SCC Commisioners deceision ,not yet published,.
If it is negative, it is probably not good for CEY SP
Going back in hisory ,a big shock for most.
Council of Ministers Meeting # 217
Presided by Dr. Mustafa Madbouli Prime Minister
During today's meeting chaired by Dr. Mustafa Madbouli, the Council of Ministers approved a number of resolutions, namely:
10- The Cabinet has approved the recommendations issued by the Ministry of Justice's Dispute Ending Committees in 59 disputes, in the context of the purpose of ending all judicial disputes between the governmental sides and settling any disputes without resorting to the judiciary.
https://www.facebook.com/EgyptianCabinet/posts/pfbid0yY5pja8bhKkTBHoFJDr7HsGxbB5eLpw2dHeiCHhwV3uyr2jU46oDsGQEd9vRcntzl
--------------------------------->>>>
FWIW - don't know if this will effect any outstanding PGM related laws/cases
Equities in Europe traded lower in the premarket on Wednesday after two missile strikes hit Poland and killed two, for which Ukraine and Russia either directly or indirectly blamed each other. Warsaw itself said the origin of the missile is still unknown. Meanwhile, the international community expressed its deep concern over the event and offered Poland help in the investigation.
The DAX declined by 0.21% at 8:00 am CET. At the same time, the FTSE 100 fell by 0.08%. The CAC 40 dropped by 0.30%.
The euro grew by 0.27% against the dollar at 7:58 am CET to sell for $1.03818. At that minute, the pound sterling went up by 0.12% against the greenback, changing hands for $1.18759.
Baha Breaking News (BBN) / JR
Happy hump y’al
As predicted, his hat is in the ring, and the next "evolution" or "revoltion" of the USA begins. Donald Trump has announced he will make another bid for the White House and run in the US presidential elections in 2024. “America’s comeback starts right now,” Trump told supporters at his Florida resort on Tuesday night, US time. His speech included personal digs at President Joe Biden, who may stand (if he is fit to stand? and can still stand up) again for the Democrats. Trump’s team filed paperwork with the Federal Election Commission setting up a committee called “Donald J. Trump for President 2024?.
go gold
the gnome