The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Joh. Berenberg, Gossler & Co KG (“Berenberg”) and Stifel Nicolaus Europe Limited (“Stifel”) have also been appointed to act as Endeavour’s UK & European broking advisers to further assist in raising its capital markets profile.
https://www.endeavourmining.com/media/news/endeavour-appoints-corporate-brokers-ahead-its-london-stock-exchange-listing-june-14
Mr Tibbles, I am afraid it was a dissappointing interview.
Basically all the guest said was without a rise in metals prices his US mines were not economical.
ce est la vie .
Agreed Cowichan, what a dead dog of a share!
https://www.morningstar.co.uk/uk/news/AN_1660725956795469300/hochschild-mining-profit-dives-due-to-covid-and-fire-related-costs.aspx
https://www.proactiveinvestors.co.uk/companies/news/990337/hochschild-mining-reports-34-drop-in-earnings-amid-global-turmoil-990337.html
In this week’s Live from the Vault, Andrew Maguire is joined by CEO and president of Gold Express Mines, John Ryan, speaking on a succession of mining projects unearthing the US’ rich metal reserves.
In such a turbulent inflationary environment, the precious metals expert addresses the gross undervaluing of gold and silver and shares the market indicators that would signal the downfall of the paper markets.
2:56: An American Heritage of Gold Mining
6:59: Revitalising US Mines - Uplifting Community and State
15:23: The Physical Operation
20:56: Gold - What’s the break even price?
31:17: Supply Demand Price Last Seen with Nixon
35:36: The fight against decimation by paper market influence
https://www.youtube.com/watch?v=YJouH6WklI0
Not exactly.
Peel Hunt has been appointed as joint Corporate Broker to Hochschild Mining PLC, as announced on 1st June, 2022.
What a dog of a share... what a dog of a company. So what can Peel Hunt do for them other than find a buyer?
And another mutt in the Peel Hunt dog pound :
Peel Hunt has been appointed joint Corporate Broker to Tullow Oil plc, with effect from 22nd June, 2022.
Wowzers.
For some fun go to http://www.hochschildmining.com/en/home
and read their Corporate mantra:
- Creating Value
- Responsible and Innovative Mining
- Acting Responsibly
A lot of good that has done LTH's
Without diversification of assets Centamin faces the same fate
Paul
You do realise that HUI Arca, GDX and GDXJ have been falling the past few days and Centamin has held 93p-94p. Normally this would be in the region of 89-90p. Additionally gold has also fallen. Tony
Combine their more open appetite for gold with their undisclosed additions to their holdings & the fact they are more peeved with the US than usual at the moment & there is a good chance China may be advancing its alternate currency ambitions faster than originally planned.
With their falling industrial output & shaky property industry the central government has some compelling reasons to create a worldwide economic shake up.
I am with you gnome, I am very comfortable with my physical gold holdings & exposure to gold miners if for no other purpose than as insurance against financial turmoil which I see as inevitable - to me the question is when not if.
China stepped up its gold imports from Switzerland in July, purchasing the most bullion in more than five years, according to the Swiss Federal Customs Administration.
CHINA IS THE BIGGEST GOLD PRODUCER AND IT DOES NOT SELL ITS GOLD...BUT IT DOES AHAVE A GOOD APETITE FOR MORE, A LOT MORE ...
Demand from China is starting to pick up over the summer months, with Switzerland shipping 80.1 tonnes of gold to China, worth $4.6 billion.
This is a monthly increase of 146% and the biggest cargo since December 2016, Swiss customs data showed Thursday
Its about time we got a few substantial director buys isnt it? Try and keep the recent , post update, upward momentum going.
It might cheer us up a bit to see a few decent sized buys. :-)
Hi Sotolo
When you say gold is going down in price, you imply the value of the USD (or other fiats) is going up. Lets look at the reason for this expectation, epecially when the history of the USD is ... it goes consistently down over time. And in more recent times you have seen rather startling phenomena
1. More Money has been created out of less thin air than every before
2. More debt has been piled on than ever before
3. Interest rates have been the lowest for longer than ever before, creating a bubble bath, but still the interest rates were kept lowest for longest.
4. The trust in the Fed Reserve and Central Bankers is near its lowest: so low in Australia that we have a government review LOL https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/review-reserve-bank
5. Trust in governments is at close to a all time low. We have the Trump bumping along, Biden biding his time: Geoffrey Robertson remarked in his show last night in Oz, that it was good week in UK politics as Boris had not got anyone pregnant in the last week at a staff function, and the Australian past PM had not remembered anymore portfolios he had given himself ministerial powers in (not to mention the extraordinary secrecy surrounding the whole exercise) (the count is 5 at the moment LOL)?
https://www.abc.net.au/news/2022-08-18/scott-morrison-secret-ministerial-roles-lack-trust-extraordinary/101343202
6. Leadership in the police force seems to be grinding down to new lows, with more guns blazing in the USA and shots tot he feet in Oz. The Queensland Deputy Commissioner referred to a friend of his as a "vagina whisperer" during a speech to 100 staff members at a conference in Brisbane in April, now been outed and has resigned.
So be interested in your reasoning.
I am staying the course with gold and a few gold miners. There are a few gold miners that are definitely on my avoid list though, and CEY is not one of them
best
the gnome
They raise funds too so what about expansion and taking over and merging with others proactively
If I wanted to take a gold mine over I would keep my older dry wait for gold to fall a fair bit further and get it for much less. Unless I was a company like Hoc that had to buy 6 months ago as their gold running out
Equities in Europe traded mostly lower in the premarket on Friday as Britain revealed a monthly rise of 0.3% in its retail sales, while Germany unveiled an annual increase of 86.1% in its energy prices.
The DAX declined by 0.23% at 8:00 am CET. At the same time, the CAC 40 decreased by 0.25%. Meanwhile, the FTSE 100 stood flat.
The euro lost 0.07% to the dollar to sell for $1.00801 at 8:02 am CET. At that minute, the pound sterling fell by 0.14% against the greenback to go for $1.19142.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend.
Brokers are one of the key interefaces between investors and the company. If they are doing their job right (and the company is doing their job right), then they should add value to the share price and volume to the amount of trades per day. To get the volume they need to have many brokers/offices and people who are opinion makers, thought leaders, well respected( by performance on their recomendations). How much do they cost? Depends on the fee structure negotiated. There is generally an upfront or engagement fee, which is a nominal charge to get to know the company, and then some monthly charge based on sales performance, share performance (%SP gain, volatitility, volume)...devil in the detail here, and I dont know what they have negotiated. Be stupid if it was not heavily weighted to SP performance.
The best corporate defense to MandA is a strong share price, and the best outcome for investors is a strong share price. Lets hope the contract is reflected in the SP; then its a great move !
best
the gnome
With the Share Price where it is, makes Centamin a very attractive takeover target again !
He did some training at Sukari a few years back...
Summer training for students at SGM to develop their technical skills in geology, mining exploration, I trained for a week in a surface mining open pit and some of processing operations.
----------------------->>>
posted 10 hours ago
I'm happy to announce that i have joined to Barrick Gold Corporation ,#Egypt.
as a #junior exploration geologist.
https://www.linkedin.com/posts/mostafa-ibrahim-ab4a81166_egypt-junior-ugcPost-6965913470982647808-4Vg8
You don't add unless needed- so they will be doing something...
Tibbs raises an interesting topic.
These additions come at a time of greatly increased expenditures and inflation.
So why add costs IF it isn't completely necessary?
When one recalls that there have been several mining specialty advisory firms recently visiting Sukari one has to ask are these visits strictly routine?
Also to keep in mind - we already had 2 of the top 10 M&A advisory firms on board before this latest edition (namely BMO & B of A) - so what value/purpose do these new firms add ?
------------------>>>>
Top 10 M&A financial and legal advisers in metals and mining sector for H1 2022 revealed
A total of 660 M&A deals worth $30.1bn were announced during H1 2022.
https://www.mining-technology.com/news/top-10-ma-financial-and-legal-advisers-metals-mining-sector-h1-2022/
GDX gap closed with no drop in Centamin share price.
Has not been anywhere near the current gap size for past month. London has broken away from USA close positions. At some point GDX gap will get closed.
I really don’t think it is the web that is bad - it is like everything, if you involve humans in any process something bad is going to come out of it.
For all our abilities & the natural resources that have fallen in our lap we really do tend to make a mess of things :)
Lol- spot on!
I wish CEY would outperform.
Ha ha bloody ha.
RBC raises Centamin price target to 165 (155) pence - 'outperform'