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AISC is going to drop off now, ounces to increase from now onwards. It seems the worst is behind CEY. So a great time to buy if you think gold is going prices are going higher, which I certainly do :))
I knew this would happen that's why I sold on the bell...just bought back in with 7% discount...forward looking statements are getting better, gold to move higher. I'm happy with that....ohh and the divi soon too :))
Might be a great entry point as outlook positive plus you get the divi.
Finding buyer support between 91.5p-92.5p. The company did warn everybody that Q1 was a costly difficult quarter. At some point Q1 is old news and the forward outlook will prevail. 1/3 of the capex is done for the year. Its a good job it was done at a high gold price. Huge amount of stripping out of the way.
Down more than the divi and again when goes ex, not been a good investment at all
On a positive you could top up for the guaranteed 5c divi.
Razor, I think that's the most positive one can be on the results.
The $1533 AISC particularly is not great - albeit it's common across other gold miners I follow. I had hoped the solar array would shield us from energy increases, but alas no.
The huge drop in margin across gold mining is going to impact supply at some stage. But there's a plethora of new supply in process of the current investment cycle so this is a few years away.
The wider perspective is CEY is cheap on historic measures, debt free, building its JORC reserves, and is looking to improve operational efficiency, so is pursuing the right strategy. So looking beyond the quarter is holding for the long run is my perspective here.
Headline statements of positivity and jam tomorrow again, don't hide the figures - low ounces with ensuing high AISC etc etc etc
Centamin reiterates its 2022 full-year guidance
Equities in Europe traded lower in the premarket on Wednesday ahead of the release of the newest reports on Germany's producer prices, and the euro area's industrial production and trade balance. Investors will also keep an eye on the developments in the conflict in Ukraine, particularly after Russia gave that country's army an ultimatum to leave Mariupol by 2:00 PM Moscow time.
The DAX declined by 0.12% at 8:02 am CET. At the same time, the FTSE 100 decreased by 0.15%. The CAC 40 fell by 0.15%.
The euro gained 0.28% to the dollar at 8:02 am CET to go for $1.08176, while the pound sterling increased by 0.26% against the greenback to sell for $1.30319.
Baha Breaking the News (BBN) / JR
Good luck today y’al
Let's hope gold bounces back tomorrow too...if it continues to drop that won't do any favours for mediocre results...expected are not
My guess is a hopeful 100,000 ounces which might give the SP a chance but won't be enough for an end of quarter profit.
Dear Mr Horgan,
The following paragraph appeared in the last quarterly update of January 19th, 2022 ;
"In Q4, surface exploration on the 160km2 Sukari Mining Concession commenced with a prioritised 10,000m drilling programme, targeting potential satellite deposits to the Sukari processing facility. The programme is near completion and assay results are expected in Q1 2022."
Therefore, please start delivering on the expectations set from quarter to quarter and give us some results from the 10,000m drill program circa Q4 2021.
The decade-long pattern of management failing to deliver on stated outcomes needs to end.
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4028831&lang=en-GB&companycode=au-cey&v=
I'm a bit more optimistic than ya'll then.
Followed CEY for years but it always missing targets and the SP languishes often 90p - expect itll be back there tomorrow on another average trading update - remember it going to 180 years ago, then that 220, but as usual its tumbled back to sub £1 again. till 2morro
pulls not pools
LL I have a trading pool of stock that has a breakeven above 100p. If it pools back to low 90's or high 80's I can buy a shed load from cash added to the portfolio.
So have you all got your shorts lined up then?
The rush is still on to swap the paper for real assets that generate income, large moats etc... In fact now the race is on for funding strategic mineral companies ... by governments ... what a marvelous world?
The US government has joined Australia’s biggest superannuation fund and electric car giant Tesla in backing Syrah Resources with a $145 million loan.
Disruption coming to the gold industry and to Egypt...The Chrysos process uses high-powered X-rays to bombard rock samples and activate atoms of gold and other metals. A detector can determine their concentrations in minutes. The large testing units are about the size of three shipping containers, positioned side-by-side.
Large samples of up to 500 grams can be assessed using the technology, without being destroyed as they are in the traditional process, which involves sending samples away to a laboratory and heating to 1200 degrees to discover how much gold the samples contain. That traditional process takes more than 24 hours.
Chrysos states in the prospectus that at February 2022, the company had total contracted value of $448 million under its 33 existing contracts for the machines, with 25 of those still coming down the pipeline. Real assets, so in the investors pile, but there are cheaper options
https://portableppb.com/our-technology/
May fast track the competition in the gold exploration space ... for 0.5% of the price, gold assays in a day
Whichever way, gold prospecting/exploration is going to get faster and more effective ...
CEY should move along....quickly, do the deals etc...
the gnome
Expecting the report to get a bad reception tomorrow. Highest quarterly costs for the year versus lowest production. The higher gold price sold in Q1may help a little. The only thing that may prevent it is a breakout on the gold price above $2,000 an ounce and CEY edges back to around 107-109p as before. We need that solar farm up and running by July 2022.
Major stock indexes in Europe traded mostly lower in premarket on Tuesday as the conflict in Ukraine continues. Shellings have been recorded both from the Russian and the Ukrainian side. Ukrainian President Volodymyr Zelensky stated that Russia started a large-scale offensive in eastern Ukraine.
DAX lost 0.62% at 8:01 am CET, while CAC 40 was down 0.74% at the same time. FTSE 100 was flat at 8:01 am CET.
The euro traded 0.08% lower against the dollar, selling for 1.07745 at 8:02 am CET, while the pound fell 0.13% against the greenback, to sell for 1.29961 a minute later.
Baha Breaking the News (BBN) / AY
Poor old cey tanks on every rns the last year...but our time will come
Or not, dont trust the markets.
Interesting to see the update on Wed and with gold looking good we could see a bounce
Yes not many charger in deserts are there.
As a previous article explained modern petrol engines have much less polution and far less hidden pollution to the environment-
I short nowt is cheaper , just pressure groups and bent politicions pushing their agendas , for the benefit af their friends.
Tesla is overprised hype ,another big con.
IMHO.
Your article was interesting marketing.-
Thank you.