Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hopefully one of the mining bods on here will be along to explain the drilling results. I think Gnome previously said they were really good?
Also--do they think that Martin Horgan knew what he was letting himself in for with Centamin. I think he must have had a good idea and saw the potential after clearing up the previous lots mess. He doesnt seem the sort who would bother with a lost cause even for a good financial package.
I think (HOPE!) the news will get better and I can see either an increased next dividend or a small special dividend to reflect this.
At lease the share price hasnt taken a knock with these results.
Id be interested to see what Gnome, Cowichan and Mr T think of this later on after the call.
They announced previously that the dividend target for the year was 5c.
so on target....
Also, I wish all my shares paid as high a dividend....cant grumble about this share....
excellent drill results were achieved which continue to support the zone's potential to provide Significant high grade gold production to supplement the existing working areas.
Im not an expert but those drill results from Horus Deeps, ptah, Amun and bast look incredible.
Solar plant will also help
"we also look forward to a strong pipeline of news that will highlight the organic growth potential we see across our portfolio of assets".
Looks like Mr Horgan is dusting off the good news department.( what, you didn't know we had one! Lol )
Got a good feeling we're on the up .
So as all expected, and looks on track, plus Horgan looks optimistic, hopefully the share price will begin to recover
Cash down to $175m
Aisc up to $1400
And this is the dividend history that says it all really, with the dividend now near halved on an already reduced dividend, as we have expected after the troubles leading to much reduced profit. and explains the share price fall of the last couple of years, If shares were back at £2 Cey would be yielding just 2%.
Dividend history in US cents
2016 16
2017 12.5
2018 5.5
2019 10
2020 9
2021 9
2022. 5
I for one am pleased the dividend is reduced as paying it of saved cash rather than too small profit is silly especially now. We badly need to keep cash in my opinion as if gold falls back below $1400 and we are making losses, and borrowing super expensive, we need that fast decreasing cash pile to tide us over
However as usual the year after next looks good….if gold recovers by then as I hope after the oncoming tumble
old news... clearly while getting all your trading predictions wrong you haven't read previous company reports .. LOL
It was 9 cents the year before...
With no debt and $170m in cash, I expected more than $29m to be distributed as dividend TBH.
But hey, as always there is a pot of jam for tomorrow.
clown. the full year div guidance was 5c, these are interims. A bit like your other posts - Wrong LOL
They cut the div in half to only $2.5....ouch. That's not good sign
https://www.investis-live.com/centamin/62bc44c5d9438014000fb454/ewer
#CEY has delivered strong
performance against
guidance and our long-term
plans, and we are now
starting to see the benefits of
the reinvestment programme
https://twitter.com/centaminplc/status/1555074888100188160?s=21&t=swx1RWsLXNL6SVtu3S1N2w
Hold on to your hats !
Major European stocks stood mostly higher ahead of Thursday's session as investors looked toward the Bank of England's upcoming interest rates decision, with markets expecting a 50 basis points hike to 1.75%. Today's session will also be marked by the latest batch of economic data and corporate earnings.
The DAX jumped 0.89% or 121 points at 8:03 am CET, while the CAC 40 rose 0.35%. On the other hand, the FTSE 100 lost 0.23%. Both the euro and the pound stood flat against the dollar to sell for 1.01641 and 1.21472, respectively.
Baha Breaking News (BBN) / ND
Happy Thursday y’al
May gold and Centamin continue to rise.
The Inflation Reduction Act is the latest example of the trend that has transformed the U.S. government into a gigantic bank. The U.S. now lends or guarantees loans totaling over $5 trillion in areas including housing, education, small business, energy, disaster relief and transportation. This figure doesn’t include the assets of semipublic corporations such as Fannie Mae, Freddie Mac and lesser-known government-sponsored enterprises, which total more than $6 trillion. The world’s biggest bank, the Industrial and Commercial Bank of China, has slightly more than $5 trillion in assets; America’s biggest, JPMorgan Chase & Co., less than $4 trillion.
The federal government appears to have become the biggest bank in the world. How? Over the past century, Congress realized it could create programs to win allies now and absorb the costs years or decades later when the loans default. As early as the New Deal critics assailed President Franklin D. Roosevelt’s spending through lending, or “splending” policy, and warned of the dangers this practice carried for future taxpayers.
The government has endured generations of defaults on its lending programs. Solyndra, a solar manufacturing corporation, defaulted on $535 million in loans guaranteed under the 2009 stimulus act. Few remember the default of the $1.54 billion federal loan to the Great Plains Coal Gasification plant in 1985 or the multibillion-dollar losses the Farmers Home Administration incurred after farm prices dropped in the 1980s. And those defaults are trivial compared with the $188 billion bailout to Fannie and Freddie Mac after the 2008 financial crisis.
Defaults would be less of a problem if Congress was honest about their likelihood and cost. But in 1990 lawmakers passed the Federal Credit Reform Act, which set the current lax standards for government loan accounting. A studyby the American Action Forum found that federal lending programs cost at least $90 billion more than congressional accountants estimated. One reason is that, as Lawrence Summers, then a White House economist, wrote in a 2011 email in the aftermath of the Solyndra default, “gov. is a crappy vc,” or venture capitalist. It has little incentive to make good investments.
When loans don’t default, Congress has found the political pleas of borrowers irresistible. In the early 20th century, the government began by extending payment deadlines on irrigation loans to farmers, but eventually gave up on collecting on billions of dollars in loans. The federal government later forgave many loans made to cities during the Great Depression. Demands by student borrowers for forgiveness and extension are the latest variation of an old story.
The Inflation Reduction Act would set up innumerable opportunities for defaults and forgiveness. The government would be authorized to guarantee loans of up to $20 billion for tribal energy projects,...and so on and so forth
Robust financial system eh? Believe in Gold?
GG
Centamin 2022 Interim Report presentation.
The live webcast will take place at 9:30 BST on Thursday 4th August 2022.
Really looking forward to the up date!
Hi Spoonigton,
What exactly is "Left wing tommy rot", why not enlighten us?
Well if you have some news or something you would like total about on Centamin, then please post it, I appreciate that you told us about Sami El Ragy's ability to a few stones about and discover gold, unfortunately though his family weren't that proficient in running the Sukari operation properly which is why it has taken nearly four years to clear up the open pit.
It has always been the tradition on this forum that we discuss all manner of things, certainly because like it or not all current affairs and especially international conflicts politics and governmental fiscal policies are very much related to the stock markets and the POG
I'm afraid you misquoted me , what I actually said was that I wouldn't be surprised if Mearsheimer was on Putin's payroll, although as it is he is onto a nice little earner touring the lecture circuit!
You may like to read https://fullfact.org/about/frequently-asked-questions/#funding
That "Smug idiot" you refer to Alexander Stubb has held far higher office and is eminently more qualified and experienced that Mr Mearsheimer whom he traeted wih courtsey
Unfortunately Mearsheimer is just churning out the same old rhetoric which is many respects is now yesterdays heresy and pretty pointless because Putin has invaded Ukraine and nobody made him and his army has committed war crimes, what does Merasheimer have to say about these facts , certainly can't blame NATO
What has Mearshimer to say about these facts?
https://www.youtube.com/watch?v=qva8xMCtfAQ
//www.bbc.co.uk/news/world-europe-62412429
The incredibly story of Ivan Skyba, the sole survivor of one of the worst atrocities of the war in Ukraine. In March 2022, Russian troops shot dead eight unarmed men in a mass execution in the town of Bucha, outside Kiev.
https://www.bbc.co.uk/programmes/w3ct303t
https://www.gov.uk/government/news/bbc-gets-emergency-funding-to-fight-russian-disinformation
The majority links I provide are bona-fide sources of information that have need substantiated.
So Spongton what have you got to tell us all about Centamin, probably about as much as some of the others who want to discuss Centamin in isolation but in reality have nothing to offer themselves but are hoping to pickup some inside news for nowt!
Bye for now Spoonington!
But if we the people decide to hunt protein with bows and arrows....and trade withPMs....we can do it! we can laugh at their agenda...that's why we are the enemy....or we can just go with the flow and let them make the decisions for us ...to have AI installed into our brains to live our matrix virtually rental reality...while they harvest our brain collectively to drive the whole system..and harvest our organs for spares!
..remember my earlier post ........".just shows how important the $POG @US $1764/65 is........currently at $1,764.73......they beat us down to this resistance/ceiling......but we can take it again and then on to $1,849"
The close is $1,765.24....funny that?
Perhaps the Central banks will decide that paper dollars are better than gold....and sovereign wealth robbers will leave gold in the vaults...and take the paper instead...a lot lighter for the Hercules/Cargo planes etc,...how many trips did it take to transport UKR gold to safety and Rehypothecation..?
Certificate some of your holding! GLA
Thanks for that Mrtibbles, watched that smug idiot do nothing but spout baseless personal opinions in a futile attempt to counter fact based assertions, has strengthened my belief in Mearsheimer’s well made points.
As for FullFact they sure as hell use Google’s & Facebook’s money, they are reliant on it. Do you really think this money comes without the ability to influence who works at FullFact & the material they put out?
You previously made the baseless & ludicrous suggestion that Mearsheimer was receiving some benefit from Putin in exchange for his opinions. The more I see of your posts I think it may be you who are receiving benefits from backers of your extremist left wing tommy rot - it would explain why you devote such a large amount of time to circulating such clap trap on a public forum devoted to a completely different topic.
Keep at it though, I find some of the links you use as support of your position to be most amusing & demonstrative of how devoid of facts & substance your arguments are :)
It has managed to 85.6p so we have not been cheated before USA open.
Chart gap closed at 85.18p. Probably the best we get today as other gold miners getting stuffed.
I noticed the same.
Very strange,or is it just this site.
Investors sell yesterday was above 85.6p on the sell side. The UT brought it down to 85.14p and the highest this morning was 84.88p on the buy side. The real gap to UK market investors this morning. Although the material gap is just 84.88p to 85.14p it has been a morning hatchet job. At some point it should go all the way back up to 85.6p at the very least.