Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yes, the full results will confirm all the other things during the year, and costs, profits overall and so on.
Yes I thought we had already had the figures and that Aprils Q1 would be a better guide--------But that is another month away! Good news about "little Sukari" and a dividend would cheer me up a bit.
Gold is probably averaging around $2050 the last few months and any increase is nice, but I'd be fairly happy if we could stay above $2100. That price and lower AISC should give us a dividend and the share price a decent boost.
I don't think the market confidence has been restored in Centamin yet.
Hi Paul - just to mention final results for 2023 will be a repeat of the numbers released in January - 450,058oz produced, revenue $892m at AISC of $1220. They will announce the dividend though and I'll be listening out for any update on the discovery at Little Sukari - which might be the tip of a gigantic new orebody. Or not.
Then its on to Q1 2024 results on April 18 which will include sales to March 31 with new numbers for production oz, sales and AISC. Current record highs in the GP will contribute to these figures so let's hope they're stellar. GLA
What do we reckon for the final results next week? A "Steady as she goes +" or better? I cannot see them having mined much more than predicted (but you never know) . Maybe the AISC are a bit better than predicted?
The recent rise in gold the last few months should help and maybe (fingers crossed) a bit of a bonus dividend.
I'm hoping that gold can hold these levels and that would enable us to get a decent dividend later in the year and also get the cash reserves up a bit and move forward with other projects.
Starting on one of the parcels of land they got in the auctions would make sense-------even though it would still mean they are a bit of a one trick pony.
The price of spot gold continued to increase on Friday, breaking new records and reaching $2,168.73. This was seemingly driven by further convictions that the United States Federal Reserve will start easing its monetary policy in the near future. Previously, Fed Chair Jerome Powell reaffirmed that the central bank is well aware of what could happen if it were to cut interest rates "too late."
Meanwhile, later today, investors will be focusing on the latest nonfarm payrolls data.
Gold rose 0.37% at 3:31 am ET, going for $2,166.01. A minute later, silver advanced 0.72%, selling for $24.50. Meanwhile, simultaneously, platinum lost 0.25%, going for $918.04, and palladium declined 0.13%, selling at $1,021.59.
Baha Breaking News (BBN) / AY
Gold currently $2166.69
Major European stock indexes traded mixed in premarket on Friday as investors awaited fresh reports on German industrial production and producer prices. Additionally, the latest data on the European Union's gross domestic product and unemployment are expected to be released during the trading session. Traders also assessed yesterday's European Central Bank's decision to keep interest rates unchanged.
The DAX was flat at 8:00 am CET, while the FTSE 100 gained 0.14%. At the same time, the CAC 40 lost 0.07%, and the Euro Stoxx 50 added 0.11%.
The euro and the British pound were both flat against the dollar at 7:58 am CET, selling for $1. 09483 and $1.28098, respectively.
Baha Breaking News (BBN) / JJ
Happy Friday y’al
Enjoy your weekend
Gold currently $2161.33
While Gartman is bullish on gold, he said he is putting money in the VanEck Gold Miners ETF (NYSE: GDX). Outside of short-term treasuries, his stake in senior gold producers is the biggest position in his personal portfolio.
“The relationship between GDX and GLD has gotten so one-sided in favor of GLD. GDX is ridiculously undervalued, and the gold miners are oversold to a preposterous degree,” he said.
Gartman noted that gold miners are as cheap as they have been in decades, and they offer investors value as the broader market starts to weaken.
https://tinyurl.com/yjvkh3c5
Golds rally is an impressive breakout of real consquences - David Gartman.
Article by introduced by Neils Christenson.
Gartman said that its only a matter of time before investors become more worried about Goverment debt levels,and that is the reason why he beleives gold prices have room to run.
Sentiment I personally think is the name of the game,it seems to be rapidly changing in gold and next miners favour, especially miners with very good fundamentals , of which Centamin is in a good place.
Night all.
Cheers Tony - Spring it is. Let's hope 2100 is the new support level. Setting up nicely for a good FY results show on Mar 21
Perhaps winter appetiser as i get ahead of myself
3bear
Things were massively overbought so a pullback here and there is to be expected. I have 10% of my gold miner longer term but did take profits on 15%. Eventually gold is likely to return to 2050 and if it does we probably get a mega summer rally. This recent rally was the Spring appetiser.
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, and Charles Payne, Host of Making Money on FOX Business Network, discuss his latest book ‘Unbreakable Investor.’ Payne gives his investment insights, sharing precise stock picks for this year. He also weighs in on the Federal Reserve and the surging U.S. debt levels. Payne discusses the accelerating global de-dollarization trend, gives a timeline for when the U.S. dollar can permanently lose its reserve currency status, and weighs in on what could replace it.
https://tinyurl.com/4uxyatv3
GP now at 2156 and Cey heading south - this stock does my absolute head in.
Stock markets in Europe were flat to lower in Thursday's premarket trade in anticipation of the European Central Bank's policy meeting, during which officials are expected to hold their interest rates steady for the fourth consecutive time.
Meanwhile, investors also braced for the data releases on factory orders in Germany, the Swiss unemployment rate, and British housing prices.
Frankfurt's DAX and the Euro Stoxx 50 were flat. The CAC 40 dipped 0.12%. London's FTSE 100 fell 0.40%. The euro and the pound sterling were flat against the dollar, changing hands to 1.08996 and 1.27372 respectively at 7:57 am CET.
Baha Breaking News (BBN) / AB
Gold currently $2155.61
Ie. also known as real buying price.
Closes, at 2148.
Which is $20 up on lasts nights close.
The Global south apparently value it far more , than the west.
Not difficult to figure why, ETF s paper futures just a virtually non backed paper fiat pretence.
No wonder they go to BTC another "Casino" with possibly less risk.
Completely ,at the moment, out of Government control.
Strange old world.
Hold on to your hats, I think she's gonna blow!
Gold bugs theory - retail investors are selling goldminers and Gold ETF to buy bitcoin. Central banks are buying physical gold - hence the lag between GP and miners. Neat theory huh? Wonder if its true
Why Dollar Could Colapse.
The US Dollar Wll lose its Reserve Status, "In my lifetime" Charles Payne , introduced by Anna glamourous Gulubova.
In my humble opinion, sounds right ,its just a matter of time. Everything is in place with the spending habits of governments.
Would have loved to have watched it happen,but unless there is a rapid collapse ,I will be long gone.
This could play some role too. Egypt secures $8bn IMF deal after removing currency controls - https://on.ft.com/432uV3Z via @FT
Wednesday, March 06, 2024 04:42 AM | Invezz via QuoteMedia
Centamin (LON: CEY) share price has gone parabolic in the past few days. It has jumped for five straight days and moved to its highest point since December 27th of last year. Data by "Trading View" shows that it has soared by over 30% from its lowest point in 2023.
https://tinyurl.com/9wra8pjh
Yep- pure joy :-). Happy for all traders and Long Term Holders especially :-).
GOLD 2146 !
Https://www.cnbc.com/amp/2024/03/06/adp-jobs-report-february-2024.html
I have quite a bit in FRES so a 20% fall in the peso next would be very welcome
Bonker good news for biz, as that wipes 20% off local opex, wages etc etc
CAIRO, March 6 (Reuters) - Egypt's central bank said on Wednesday it had hiked interest rates by 600 basis points at an unscheduled meeting and would let the pound trade freely in an apparent move to restore economic stability with the help of Gulf investment inflows.
https://www.reuters.com/world/middle-east/egypt-raises-interest-rates-by-600-bps-pound-tumbles-2024-03-06/