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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
GDX chart looks potentially bullish to me. I wonder at times if the market gives any future positives to particular precious miners at all. The costs are due to drop by $200 an ounce and production is going up substantially in the second half of the year. The Doropo mine has new resources and reserve data scheduled for release this month.
About to get Bullish.....this should start to creep up...
Market must believe Boris is safe
Major European stock indexes rose in the premarket session on Monday as investors closely followed recent developments in Ukraine. The European Union began to plan the seventh sanctions package against Russia in retaliation for Moscow's military actions in Ukraine. Ukraine's President, Volodymyr Zelensky, has accused Moscow of "destroying Ukraine's cultural and historical heritage" by targeting the country's churches and memorial sites in its military operation.
London's FTSE 100 increased by 0.57% at 6:50 am CET, while the CAC 40 gained 0.12% at the same time. The DAX was closed for a public holiday.
The euro was 0.15% higher against the dollar, selling at $1.07350 at 7:11 am CET. The pound sterling was up by 0.10% compared to the greenback, going for $1.25020 a minute later.
Baha Breaking News (BBN) / AB
Happy Monday y’al
When you cannot grow by exploration success, and you need to grow or diversify your earnings , then MandA is the way. This is the history of the larger gold companies, and here we go again. The trick is to not overpay.
Exploration success int he gold industry, is very poor, and replacing gold ounces by exploration is a rarity.
With the acquisition oy Yamana by Gold Fields which will add much needed diversification, with projects in Canada, Brazil, Argentina and Chile to its mines in South Africa, Ghana, Australia and Latin America. The combined company will have a market capitalization of $15.9 billion, making it the world’s fourth-largest gold miner, behind Newmont Corp., Barrick Gold Corp. and Agnico Eagle Mines Ltd.
...an attractive takeover because of its existing mines and pipeline of projects in the Americas. Gold Fields has in recent years worked to diversify its operations outside of South Africa, where it faces declining and increasingly hard-to-reach gold reserves and other issues (!).
Expect this to continue at the larger end of town, and CEY is well positioned (as a target) with a pipeline of near mine opportunities. Trick is to make your bid at the right time and price.
Egypt is looming now is the most under explored gold province in the world, and with regulatory reform to boot. West Africa held that mantle for decade or 2, and is still a very good place to explore
Going to be an interesting next 6-12 months!
best
the gnome
https://www.hagerty.co.uk/articles/electric-cars/what-nobody-tells-you-when-you-buy-an-electric-car/
https://www.weforum.org/agenda/2021/07/electric-cars-batteries-fossil-fuel/
https://www.bloomberg.com/news/newsletters/2021-05-18/hyperdrive-daily-nobody-wants-china-s-used-evs
Hi Razor's,
Thank you for posting, also worth noting that this publication has published articles that highlighted past bad mining practice at Sukari by the previous management , so with that in mind this article should give some reassurance to investors that things are at last changing for the better!
Keep believing!
https://seekingalpha.com/article/4515780-centamin-ignore-the-weak-q1-results
If the largest battery factory in the USA, that of Tesla in Nevada needs to produce for 500 years to build enough batteries to hold the present electricity consumption for 1 day in the USA!
This gives a good idea of the massive amount of investments required for renewables !
Not surprised- over hyped cars, over hyped company, massively over priced- fossil fuels still needed for transition for a long long time yet- I'd be worried if I were him!
Another stupid link..
San FranciscoTesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives on Thursday seen by Reuters.
The message came two days after the world's richest man told employees to return to the workplace or leave the company.
Stock exchanges in Europe were in the green in the premarket on Friday as investors prepared for services sector data from Germany and the Eurozone as well as trade balance figures from Germany. Furthermore, the retail sales report for the euro area is also coming up before noon local time.
The DAX rose by 0.82% and the CAC 40 was up 0.68% at 6:56 am CET. The London Stock Exchange remained closed due to a public holiday.
Both the euro and the British pound were flat compared to the United States dollar, changing hands for 1.07488 and 1.25713, respectively, at 07:09 am CET.
Baha Breaking News (BBN) / MS
Happy Friday y’al
Prices of precious metals rose on Thursday as investors analyzed the latest batch of employment data from the United States. Automatic Data Processing (ADP) reported that the number of jobs in the US private sector rose by 128,000 from April to May, falling short of market expectations. Concerns that the nation's economy might be facing a slowdown seemingly sparked the demand for safe-haven assets such as gold.
Gold grew 1.18% to $1,868.20 per ounce at 10:16 am ET. Silver was up 1.96% to sell for $22.27 per ounce at the same time. Platinum rose by 1.64% to change hands for $1,015.25 per ounce at 10:17 am ET. Palladium increased 1.10% to $2,020.60 per ounce at the same time.
Baha Breaking News (BBN) / MS
Currently + 1.16% @ 1868.01
Most precious metals are up 2%+
What'd I miss?
---------------------------->>
RIYADH: Shareholders of Saudi Arabian Mining Co., also known as Ma’aden, have approved a capital hike plan in addition to the board’s proposal to withhold dividends for 2021.
The company is looking to double capital from SR12.3 billion ($3.3 billion) to SR24.6 billion by issuing bonus shares, according to a bourse filing.
The Riyadh-based firm’s shareholders will get one bonus share for every existing share, whereby the number of outstanding shares will increase from 1.23 billion to 2.46 billion.
Ma’aden said the move comes in a bid to “strengthen its capital base,” which contributes to boosting the future growth plans.
https://www.arabnews.com/node/2093301/business-economy
Sorry tyro below!
Should read "All things considered understandable the turnout was low?"
Major European stock market indexes traded higher in the premarket session on Thursday, as investors continue to monitor the situation in Ukraine. Ukrainian President Volodymyr Zelensky accused Russia of not valuing "human life at all." Meanwhile, Russian officials warned that Ukraine is planning to attack them with the rocket systems the United States has supplied it with.
On the data front, reports on the Eurozone producer price index and the Swiss consumer price index are to be released later in the day.
The DAX rose 0.11% at 6:50 am CET, while the CAC 40 added 0.17% at the same time. The FTSE 100 will be closed today due to the Spring Bank Holiday.
The euro was flat against the dollar at 7:13 am CET, selling for 1.06567. The pound lost 0.07% versus the greenback and went for 1.24776 at the same time.
Baha Breaking News (BBN) / AY
former Centamin boss Youssef Al Raghy was quoted by Asharq as saying. Al Raghy praised the ministry’s move to ditch the tenders, saying that most countries don’t run bid rounds for gold exploration as they’re “not suitable” for the industry.
The Oil Ministry will not launch new tenders to explore for gold and will instead move to the direct awarding of concessions after low turnout for this year’s bid round, Bloomberg Asharq reports, citing a ministry source. Fewer private firms bid in this year’s tender than in the 2020 bid round due to fallout from the covid-19 pandemic and a lack of “promising” areas on offer, the source said.
https://enterprise.press/stories/2022/05/30/rip-gold-tenders-72268/
This junior gold find reads like an Indiana Jones / Dan Brown novel all-in-one
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2080-tsx-venture/aru/122149-aurania-and-metron-find-lost-city-of-gold-in-ecuador.html
Dear Dr
You should not assume all of the players in the market are intelligent. Nor should you assume the market is fair and equally well informed. At one level it is a chaotic clash of get rich
the gnome