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Nice but how much are you down on your holding? £60k?
European shares traded lower in the premarket hours on Thursday ahead of the European Central Bank's decision on its key interest rates.
Earlier, Deutsche Bank AG estimated that the ECB would decide on increasing its key interest rates by 50 basis points, while European Central Bank (ECB) President Christine Lagarde has previously remarked that Russia's military operation in Ukraine has revealed the openness and dependence on supply chains from abroad and reliance on energy.
The DAX lost 0.59% at 7:48 am CET, while the CAC 40 fell 0.71%, and the FTSE 100 declined 0.52%.
The euro improved by 0.09% against the dollar at 7:02 am CET, selling for $1.07254. In comparison, the pound fell by 0.05% to go for $1.25283 at the same time.
Baha Breaking News (BBN) / JG
To many holds! should check before posting
Looks like initial rain this weekend in some areas. This is important for the India farmers and could influence the gold price 3 months from now. Centamin sometimes rallies with the right monsoon rainfall in India. No hurricanes forming in the Atlantic thus far. Oil prices could hold therefore hold steady. Just need Centamin to deliver what they promised. Doropo reserves and resources is do any day now, their first target after paying themselves well (Centamin management) with free shares and dividend.
:) nice man very nice
With the printing around the world that we are about to go into over the next few years I have upped my CEY allocation of my portfolio to 20% cey 20% other goldies / copper 40% energy 20% cash for pull backs and I will keep topping up the cash of course
Hear hear goldgnome, too right
Switzerland’s Federal Administrative Court has decided in favor of four big gold refineries that were under pressure to disclose their gold suppliers. IS ANYONE SURPRISED? The Swiss have probably hid a litany of crimes, illicit transfers, tax evasion etc etc behind their wall so self serving secrecy.
This content was published on March 31, 2022 - 18:27March 31, 2022 - 18:27
Other language: 1 (EN original)
The Bern-based Society for Threatened Peoples (STP) said Thursday that it took note of the court’s decision to “protect business secrecy.”
“Importers can now hide behind trade secrecy and are not accountable to anyone regarding the origin of the raw material and associated risks,” the organisation said in a press release.
In February 2018, STP had submitted a request to the Federal Customs Administration to examine the files relating to the origin of gold imported in Switzerland .
This request was made due to “the complete secrecy in the gold trade”. The had STP raised the question whether Switzerland is a hub for risky goldExternal link in a report focused on gold sourced in the United Arab Emirates and Peru.
“Swiss gold importers fail to take their duty of care seriously enough when it comes to trading gold from the UAE and Peru,” that report concluded.
The Swiss customs authority rejected the request presented by STP, which then launched an arbitration procedure through the Federal Data Protection and Information Commissioner (FDPIC).
The FDPIC recommended that the demands of the STP be conceded and, as a result, the customs administration ordered the disclosure of the data.
Toothless due diligence
The gold refineries appealed against this order at the Federal Administrative Court, which decided in favor of the refineries and rejected the NGO’s request.
"Transparency in the gold trade is the be-all and end-all for a clean and fair gold business," says Christoph Wiedmer, co-manager of STP. "Without this, due diligence is toothless, as no one can verify the decisions of this audit."
The decision imposed procedural costs of CHF1,000 on STP and CHF 8,000 on the customs administration as compensation for the refineries.
The STP considers this a punitive measure that discourages simple requests for information that are in the public interest.
The gold refineries arguments – notably that trade relations are subject to commercial secrecy – persuaded the court!?
https://www.theguardian.com/news/2022/may/06/swiss-politicians-vote-against-loosening-notorious-banking-secrecy-law
https://www.occrp.org/en/suisse-secrets/historic-leak-of-swiss-banking-records-reveals-unsavory-clients
very poor form as usual!
Had to have a dig, so deserving
best the gnome
£6k coming my way on Friday all the same
They may talk hawkish but the reality is that the US economy is beginning to get hit. 22yr low in Mortgage applications just been reported and average rate at 5.4%. US 10yr treasury hit 3% which is causing pain even without two further hikes. My money remains firmly in the PM space for the foreseeable. Going to be painful the next year or so but as always the FED will re-start asset purchases .. Seems our rishi is always keen to spend what we haven't got.
found it ignore me :)
When was ex div date?
The government owned miner.
Is to auction 5 areas of th Eastern Desert, especially around the southern area,adjacent to their parent mine.
Interesting.But strange.
Major European stock indexes rose in the premarket session on Wednesday as investors across the bloc awaited economic data on the gross domestic product (GDP) and employment in the euro area, as well as data on German industrial production. Halifax will also reveal statistics on house prices in the United Kingdom, while shareholders receive reports on global construction PMI in the country later today.
Frankfurt's DAX and London's FTSE 100 increased by 0.25% respectively at 7:30 am CET, while CAC 40 grew by 0.17% at the same time.
The euro went down by 0.11% against the dollar, selling at $1.06895 at 7:38 am CET, and the pound was 0.14% lower compared to the dollar, going for $1.25726 a minute later.
Baha Breaking News (BBN) / AB
Happy hump y’al
Lodan, relax
Gold is a great investment. In 1972, the price was $38 and then raised to $42.22 in 1973, and so on, we have charged on, with the most outrageous Ponzi scheme ever created.
Led by Central Banks of various flavors, all acting in collusion, (illegal behavior amongst the peasants?) who are so blinded by their own ideologies they could not see inflation looming large, and those that did thought it was a spike?!
Being disconnected from the real world seems to be a key criterion for employment, as one wag suggested! Perhaps it might be a next career move for Boris?
So as the (bull) dust settles, gold will live on
CEY is trying to rebuild from years of "marginal management", and is in a good position I believe,
The gold exploration business has performed according to its historical performance, and failed to allow large companies to grow at a rate which replaces reserve and resource depletion. THats what happens when you get too big, and what happens when exploration (continues0 to underperform, despite the hot winds that blow.
If you want to make a quick buck, then go for trading, time the market, and good luck! Don't complain when you lose your shirt. I have not the time to time the market, so I am in for a longer run. Happy to get the dividends and I have not lost as I have not sold. Happy to see the pipeline develop, the mine develop on engineering grounds rather than whims of a Geologist, (always a good time to head for the exit in y opinion...geology and engineering is a problematical risk exposure I avoid)
CEY have a solid foot hold in one of the most prospective, and most underexplored, gold provinces in the world. Very itereested how they develop this strength!!!
good luck and good night!
the gnome
It's a ****e investment currently but with gold you'll be wrong for a long time until you're right but then when you're right you'll be very right...I'm really disheartened but I maintain why I invested and why ill stay invested and rather than cutting it at break even which a lot will do I'll maintain the faith in both gold being the next parabolic move and they cey turn around story
Well 3.98p per share will buy me a few good bottles of wine but I would rather see the shares back at break-even or better. This is the worst performer in my high div portfolio over the past year ! Massively eclipsed by the likes of APF, BATS and of course BP though.
Yep ,a pint of dividend has been costing a gallon of share-price. - It's not too bad when you've been given your shares for nowt, then the divi comes as an extra bonus..
shame cey has tanked so badly (as usual) last few months or so that holding has lost much more than any divi
European shares traded lower in the premarket hours on Tuesday ahead of the release of new economic data and new updates on the Ukraine crisis.
Investors expect the release of the German factory orders report and the EU investor confidence data for today. Earlier, European Council President Charles Michel accused Moscow of being "solely" responsible for the global food crisis by using the supplies as a "stealth missile against developing countries."
The DAX lost 0.80% at 7:18 am CET, while the CAC 40 fell 0.71%, and the FTSE 100 declined 0.39%.
The euro was down by 0.14% against the dollar at 7:22 am CET, selling for $1.06809. In comparison, the pound lost 0.43% to go for $1.24780 at the same time.
Baha Breaking News (BBN) / JG
In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Details of the Deferred Bonus Share Plan can be found in the Company's Annual Reports.
This announcement contains ongoing regulated information.
FOR MORE INFORMATION: please visit the website www.centamin.com
Dividend payment day this Friday
I don't know barhut, but I do not feel confident of the pound currency. We have red hot inflation in the UK and a lot of recession on the horizon. As prices go up hotels, restaurants and swathe of businesses are looking more empty. I would not like to say how bad it will get. One advantage of holding Centamin is that the share price might re-rate as the pound goes down the plug hole. If the clown prime minster continues then the idiocy of what we endure in the UK can only continue.
Another decent buy at 16,01 339373. shares .
Do you lot know something I don't know about pms.
a 685,000 share purchase seems to have just gone through. That could start things off