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more date just released to show US economy and housing market slowing ... UST bill yield down to 2.75. All gold for gold; just need the $ to weaken which in will in time :)
European stock exchanges were lower premarket on Tuesday after Western and Ukrainian officials gave no positive signals about a possible peaceful solution to the crisis in eastern Europe. Meanwhile, in Switzerland, International Monetary Fund Managing Director Kristalina Georgieva revealed yesterday that the projections for economic growth are even lower than what the latest estimates have shown, while Bank of France Governor Francois Villeroy de Galhau warned that cryptocurrency regulation in Europe is a "matter of emergency."
The DAX declined 0.64%, London's FTSE 100 lost 0.70%, while the CAC 40 was down 0.84% at 6:56 am CET.
The euro was 0.24% lower against the dollar at 7:14 am CET, trading at 1.06645. The British pound decreased 0.17% compared to the greenback, going for 1.25665 a minute later.
Baha Breaking News (BBN) / MS
I fully agee .
Thanks Dusterman ,I ,missed that one.
Martin had no hesitations and no sips of water.
A man determined on a mission. Well done.
Thanks Duster
Very happy to be a shareholder, very clear
best
the gnome
Lets hope that this is the start of a few more buys by them and also the start of better times for Centamin and us LTH.
NOTICE OF DIRECTOR DEALING
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 (Withdrawal Act 2028), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Today, Martin Horgan, Chief Executive Officer, purchased 65,788 ordinary shares in the Company at a price of £0.835 per share. After settlement of the transaction, Martin will hold a total of 107,193 ordinary shares in the Company.
On 19 May 2022, Ross Jerrard, Chief Financial Officer, purchased 67,000 ordinary shares in the Company at a price of £0.825 per share. After settlement of the transaction, Ross will hold a total of 567,000(1) ordinary shares in the Company.
On 20 May 2022, Mark Bankes, Non-Executive Director, purchased 30,000 ordinary shares in the Company at a price of £0.836 per share. After settlement of the transaction, Mark will hold a total of 319,000 ordinary shares in the Company.
RNS Number : 3493M
Centamin PLC
23 May 2022
23 May 2022
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
Director/PDMR Shareholding
Under the shareholder approved Remuneration Policy and Centamin Incentive Plan ("Plan"), which aims to align Executive remuneration with that of the shareholders and long-term performance of the Company, contingent awards over ordinary shares of nil par value in the Company were made to the following Directors and Persons Discharging Managerial Responsibility ("PDMR").
Subject to clear performance conditions, the awards to the following participants will partially or fully vest after three years, on 20 May 2025 and are subject to a further two-year holding period. In the normal course, the Plan participants are required to be an employee of the Company at the time of vest.
For more details on the Plan, please refer to the Remuneration Report within the 2021 Annual Report and Accounts, available on the Company's website at www.centamin.com.
Director / PDMR
Number of Plan Awards
Martin Horgan
Director
979,000
Ross Jerrard
Director
821,000
Amr Hassouna
PDMR
492,000
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 (Withdrawal Act 2028), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
This announcement contains ongoing regulated information.
FOR MORE INFORMATION: please visit the website www.centamin.com or contact:
Centamin plc
Michael Stoner, Group Corporate Manager
investor@centaminplc.com
Shared from before but a decent interview with Martin. A road to 550,000 ounces and low AISC of around $1000 would be amazing
Please find a re post from March 2022
Kitco.com, the pre-eminent media source for gold stories. It is a good summary of where are and where we are hopefully going to!
https://www.kitco.com/news/2022-03-10/Centamin-s-Sukari-advancing-to-become-tier-one-asset.html
Added again this morning, as I feal confident we will not see this lower then 80s anymore as the only way is UP!
Added:
Earlier, Ukrainian President Volodymyr Zelensky said that Kiev is trying to end the war as soon as possible. At the same time, the United Kingdom will ensure Ukraine can export grain and other national food products. Besides, the European Centre for Disease Prevention and Control (ECDC) is expected to recommend that bloc countries prepare vaccination plans for monkeypox.
Major indexes in Europe traded higher in the premarket on Monday ahead of new economic data and amid the military operation in Ukraine and its global implications.
The DAX gained 0.87% at 7:05 am CET, while the CAC 40 added 0.49%, and the FTSE 100 rose 0.43%.
The euro improved by 0.24% against the dollar at 7:08 am CET, selling for $1.05892. In comparison, the pound grew by 0.41% to go for $1.25451 at the same time.
Baha Breaking News (BBN) / JG
Happy Monday y’al
Gold in recovery mode
Currently $1855’ish + 55%
Exactly, but many things have changed ,at least no more waste d moneyon BF ,and no longer a one cow farm.
Chickens coming home hopefully to lay.
New concessions under new terms and possibly ,eventually Cote De Ivorie.
The Soap Opera continues, with new hope ?
Thank you Razor's , I understand, hard to take in sometimes, such a change from where things were then to where they are now, so unexpectedly and to such an extent!
I must admit that when the crack in the pit wall was first announced and the share price dropped to £1.70 I stayed put because I thought that Martin Horgan would make a statement on what was being done to rectify the situation and then the share price would gradually recover from there, unfortunately at that stage neither the gravity of the situation or the amount of remedial work needed to put things right wasn't apparent as we now know only too well!!
Hello MrTibbles I originally didn’t quote the date because it is listed as 2111 days ago but as soon as I went ahead and posted I seen the date listed elsewhere as 08/10/2016
I think it means 10th of August rather than 8th of October but hardly makes any difference.
What interested me was as a long suffering Cey holder I got an idea of how positive the market could react to Centamins share price if Martin Horgan and co. do manage to up the production successfully.
“… shares soared 177.95% since the beginning of the year.”
Enough to get me and my dog salivating at the possibility.
Yes indeed, good point, run the operation on a wing and a prayer with regular doses of media baloney for as long as they could until the inevitable crash (or crack) exposed the true facts!
Although to be fair Kees Dekker had pointed out the flaws i the way Pardey was running things as far back as 2016, then again in 2018!
How I wish I had taken Kees more seriously rather than believing Pardey!
Thing is though that there are still other miners that are even now running on the wing and a prayer principle !
2016 from what's in the text and sounds about right back then- shows what u can do when you don't worry about doing it properly lol
*Please find a re post from March 2022
Kitco.com, the pre-eminent media source for gold stories. It is a good summary of where are and where we are hopefully going to!
https://www.kitco.com/news/2022-03-10/Centamin-s-Sukari-advancing-to-become-tier-one-asset.html
Feel free to share with others they may find it offers some explanation of why AISC have risen for the short term and hope that things will get better because at last things are being done as they should have always been !
Worth a watch -if they have 17 minutes to spare – it’s a long piece!
Tibbs
Hi Razor's,
What date was that published?
Certainly shows how things can change!
Centamin Q2 profits surge; shares trading up
London-listed gold miner Centamin plc said that its second-quarter pre-tax profit rose to $73.4 million from $18.8 million recorded in the same period of last year, according to a report published on Wednesday. Revenues increased to $180.1 million from $124.2 million a year ago while earnings per share rose to $6.3 from $1.7.
The miner produced 140,306 ounces of gold in the three months to June, an increase of 12% compared with the previous quarter and 30% year on year. Citing a strong start of the year, Centamin upped its 2016 annual production guidance from 470,000 ounces previously expected to a range of 520,000 to 540,000 ounces. The cash cost of production fell to $461 per ounce during the second quarter from $706 per ounce booked a year ago.
The FTSE 250 constituent's stock traded up on the announcement, increasing 2.26% to £175.48 at 10:46 a.m. CET. Its shares soared 177.95% since the beginning of the year, with stellar gains following the Brexit referendum in June, as investors piled into gold and other safe haven assets.
Image: EPA / Narong Sangnak
Baha Breaking News (BBN) / IB
Thank you pkumar84,
Really good explanation of how the big guys , banks funds , market manipulators are two faced, but always win and take advantage of retail investors naivety in many respects on how things really work in the markets who then get reeled in on hype and end up getting screwed!
Hindsight is a great thing of course, but guys like this are all too often not taken as seriously as they should be because they are telling the uncomfortable truth, just like Andrew Maguire, Kees Dekker and others !
What about the gold market?
Goehring is very bullish on gold in the long-term, projecting the bull market to peak at around $15,000 per ounce by the end of this decade.
"There is a massive bull market right in front of us. In the last month, we have started to increase our gold exposure. We are getting close and closer to this massive blow-off that will happen in the gold space," Goehring pointed out.
However, in the short-term, gold could still see a move back to $1,600 an ounce, which is a great point to get into the market. The reason for the retreat in May is the Federal Reserve stepping up rate hikes.
"When the Fed starts to raise rates, that puts downward pressure on gold. [But] I am a raging bull," Goehring said. "We are confident that we are getting closer to a resolution to the upside, especially with gold and silver physical ETFs strongly suggesting that western investor interest is returning and gold trading cheap relative to oil."
The only thing is timing ,when.
The market is spooked ,and it could get much worse yet.
GL.
I have been listening to couple of investors and one has been really good it’s the maverick of Wall Street. I have been listening to him since he had 200 followers. Last year after listening to him I sold all my socks from US market hence I’m not holding a bag ??. Now, is the best time to invest in goldmining companies. This stock is best valued at the moment in the market. SP should go over 90p at the end of the month.
Thanks
https://www.youtube.com/watch?v=VvZ9cFQgmKg
Bit weird CELTF closed at USD 1.00 which is about 80p, compared to CEY close the arbitrage spread is now over 4% - I know trade in CELTF is thin & it is a pink sheet/OTC stock but the spread does not normally gap out so far. Anyone have any thoughts, being tucked away in the antipodes I don’t have a full grasp on the vagaries of your markets?
Spot on Rebess!, the LBMA is as crooked as Boris & his cabinet of stinkers!