Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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If the price of gold does continue increasing and stays hight, what price could CEY reach?
Tough one to estimate Bob as not on the inside. However, I would not disagree with Sotolo here- rationale: 1)improvements since wall issue 2)met targets since then too (albeit they were very conservative) 3)they don't need to sell out so won't be a low ball bid 4)new Egypt concessions are at improved rate compared to Sukari deal so this can only stay the same or get better, not worse 5)much of what is said in his recent presentation 6)what he said on a results RNS webcast- can't recall exact date but do remember he saying all of work puts in better position to be in the m&a arena
Normally 20 or 25% premium,but with Cey having improving prospects I would say 150p or a bit over would do it as I would put it in an equally bombed out rival but have a third more capital in the new investment to grow.
Hi Steve,
In that the Endeavour take over bid rejected by Centamin and voided by Endeavour on the 27-29 January 2020 at 127p per share, and that gold in January of that year was 1550 - 1580 dollars per ounce what do you feel would the Institutions holding Centamin feel an equitable and acceptable bid price would be now. I ask the question on this basis as although private investors will have possibly strong views the decision would be in the hands of the Major Institutional share holders. The views of others with considerable expertise on this would be most welcome .
Bob
Centamin are trying to divest to themselves of Batie West. Asset divestment is one of the areas of expertise mentioned.
Will larger mining companies try to take over smaller ones in anticipation of rising gold prices?
Not for me would welcome a takeover as expect a nice premium on current sp
Is this potential bad news?
Major stock markets across Europe stood mostly flat ahead of Thursday's session, with investors waiting for the latest PMI data set for release after the opening bell. Meanwhile, German flag carrier Lufthansa reported its fourth-quarter earnings results.
The DAX gained 0.16%, while the FTSE 100 and the CAC 40 traded flat at 8:06 am CET.
The euro lost 0.20% against the dollar to sell for1.11046, while on the other hand, the pound gained 0.11% to $1.34164.
Baha Breaking the News (BBN) / ND
The newest 'poke around' guys checking me out on LinkedIn:
Dimitrios Zouzias, PhD 2nd degree connection2nd
Consultant Geologist in Mining&Metals | Equity Researcher
https://www.linkedin.com/in/dimitrioszouzias/
M&A ADVISORY & CAPITAL RAISING
NRG IS COMMITTED TO PROVIDING HIGH QUALITY ADVICE AND TRANSACTION SOLUTIONS
Our understanding of the industries where we operate enables us to engage with clients during all stages of the life cycle, and our in-house technical and operational advisory capability provides the skillset needed to optimise the potential returns of a project and / or the value of a mature asset. This, combined with our global network and A&D experience, enables us to deliver high quality advice with regard to financing solutions, joint ventures, asset divestments, the appraisal of investment opportunities and acquisitions.
http://www.nrgcapitalpartners.com/advisory/
And then a new Centamin LinkedIn reply followed (a day or so ago):
"Don Lawson, the Company have not made any false statements. We have clarified this point with you several times but if you have any further questions, our offer still stands to arrange a call."
https://www.linkedin.com/feed/update/urn:li:activity:6904372198862393344
--------------------------->>>
My Thoughts:
Maybe it's all connected?
Also, while I do appreciate the offer to talk with Centamin - management could just choose to unambiguously answer the outstanding questions re: the missing HiSeis data and the suppressed (vs not suppressed?) multi-deposit discovery.
They is zero chance of this SP being below 100 if gold hits 2000 like you say- zero.
"overbought" technicals etc mean nothing in a commodity driven stock.
However, if results are poor or a dodgy RNS appears, that's a different matter.
Hi Hedged,
It is possible but with miners the movement in the underlying commodity is a key driver. I take CEY's recent upward trend as being due to gold's solid performance of late. If gold stay north of 1920 I would like to think we will stay north of 100. Having said that CEY is always quasi impossible to call.
Best wishes,
Prof
Technically, this is overbought and will fall back below 100, potentially to 94. If Gold can remain above 190p and head to 2000 the CEY will bounce off 94.
I think it was back in June on another LSE board, don't know if it includes all LSE boards but hasn't posted anywhere here since, I see his penultimate LSE post was on EUA when he was rather disparaging about the share and its then market cap, it looks like it is now about three fold lower, he can be found over on the ADVFN boards including Tharisa and currently appears keen on Evraz for the brave
I hadn't realised either. - That's a pity. - How does he get unbanned?
Hi Sotolo,
Didn't realise Tiger had been banned from this forum?
Yep Halfpenny- hopefully gaining pace now
Just a reminder that the cey sp can and does rise rapidly just looking at the past chart, if you're out you'll lose out.
https://total-market-solutions.com/2022/03/guest-interview-vol-14-doc-holiday/
i'm heavy PMs, have been for some year now for many different reasons. if institutes choose to buy then back to the average mean of 1.5% invested in PMs against all asset classes will push the prices forward massivley. i think for many reasons including now a commodity run and inflation coming through massively we are going to see high inflation and urkraine has a long way to play out
Thank you Viable, I continue to think Tharisa is a well run and undervalued company, though who knows where Platinum group metals will go, as fear and a coming recession fight it out. Happily the market is catching up, and it is up 60% in little ove 3 months, and this week just passed its old all time high so hopefully in blue skies, somewhat making up for my Centamin losses. However my interest is entirely thanks to a most informative post here a year ago by Tiger on the Tail, sadly banned from LSE for his honesty, a bit like in Putin’s Russia. I for one miss his posts here, along with the likes of Uncertain, and other appreciated stalwarts, like Prof, who now posts so rarely.
https://twitter.com/bmometalsmining/status/1498469350541565959?s=21
Equities in Europe traded mostly higher in the premarket on Wednesday ahead of the second round of peace negotiations between Russia and Ukraine, scheduled for later in the day. Earlier, the United States and the North Atlantic Treaty Organization (NATO) reaffirmed they will not be joining the clashes in the crisis-hit country.
Traders will also keep an eye on the latest results in Britain's housing prices, Germany's unemployment rate, and the Eurozone's Harmonised Indices of Consumer Prices (HICP).
The DAX rose by 0.06% at 6:59 am CET. At the same time, the FTSE 100 rose by 0.31%. Meanwhile, the CAC 40 stood flat. The euro lost 0.17% to the dollar to sell for $1.11120 at 7:10 am CET. In the same minute, the pound sterling fell by 0.14% against the greenback to go for $1.33050.
Baha Breaking the News (BBN) / JR
Happy hump y’al…
In my experience Geologist have neither the training, depth of experience or financial knowhow to manage feasibility studies or mining development programs, or in fact mines. What qualification did the previous Centamin CEO have? A PhD in geology is defintely not a requirement for doing feasibility studies, in fact it seems to act it he opposite direction.
The litany of mistakes in mining companies is gigantic.
Some of my "quiet" experiences
the CEO who had no idea what the cost of mining was? He had asked sevearl times.
the mine development which followed the wrong quartz vein (it was barren), and then they checked for gold ...geologist got in front of the cart? too smart???
the mine manager who put the tailings dam on the ore extension
the major company which shorted on the metalurgical studies and only sampled the oxide ore, and so designed the processing plant. It was later found that >80% of the ore was refractory.
the major company which made a new discovery, did some preliminary scoping drilling and work, decided it was too small at 150k ounces, and sold it for a song. It was later found to have dearer 5 m ounces of gold, a slight miscalculation?
the major company which discovered a massive porphyry deposit in the philipines, and then found out the levels of corruption, not to mention local terrorism , were outside the boards stringent guidelines (tail wagging the dog???), prohibited the company from doing any development of what they found...
and so on, and so forth
say no more...
the gnome
Goldgnome - thanks for sharing that eye-opening study
As a side note - that Hope Bay mine that Agnico Eagle just shut down - guess who did the original feasibility study and went on to build and commission it as CEO of TMAC Resources in 2013 to 2017?
Dr Catherine Farrow
https://www.linkedin.com/in/catharine-farrow-78535617/details/experience/
Perhaps the TMAC/Hope Bay mine's extensive history of poor performance and failure was a valuable learning experience for this Dr Farrow?
Actually, it must have been a superlative lesson because some genius saw fit to reward Dr Farrow's failures by hiring her as one of Centamin's non-executive directors in late 2019 - where she still sits... (Rebess - your last post was so on the money!)
One can review Dr Farrow's mine building catastrophes as CEO of TMAC/Hope Bay here:
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1727-tsx/tmr/32370-tmac-resources-reports-operating-and-financial-results-for-q1-2017.html