The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The valuation would depend on WHY gold has it that figure.
Correct Sotolo, that's the official line on the divi.
Hi Subdeck54,
Possibly members like Sotolo or Tornadotony will oblige as near as they are able, although not easy with all the affecting factors in a state of flux I dare say it would probably be an estimate.
What's wrong with screaming babies on commercial flights. I took my daughter to Mallorca and she screamed the whole way.
Anyway I'm sure the Plymouth Brethren would help out Lizzie.
I wondered if anyone had done any calcs on potential valuation of Centamin and thus share price if gold hits $2500 as some people are predicting? I'm not sure how to work it out! TIA
Don’t think so, it has been slipping later for the last few years, April or May, will presumable be announced with the results, 16 Mar
Link malfunction..
https://amp.france24.com/en/africa/20220221-dozens-killed-in-explosion-at-gold-mine-in-southwest-burkina-faso
Is the next dividend being paid on March 5?
Is the
Sorry Mr Sergei Lavrov about the background noise, I'm on a commercial flight with screaming babies as mrtibbles on lse said so. I'm also connected to the regular WiFi so it isn't encrypted so don't say anything either.
No Foreign Minister in the G20 gets commercial flights, she isn't a local city council leader.
The UK has sent thousands of anti armour NLAW missiles to support Ukraine, which is much more than the rest of Western Europe combined. Ukraine requested 100,000 helmets from Germany as they wouldn't send lethal aid, they sent only 5,000.
Its no use trying to play the sexist get out of jail free card, the article isn't sexist the same would apply to any gender when considering the so far ineffectual and shambolic approach demonstrated towards foreign affairs by our present cabinet, the two hours travel would make no difference to defusing the Ukraine tensions, it would however be most beneficial to reducing carbon climate emissions.
Why not conduct the meetings by video, Skype or zoom, effective ,far less costly and faster!
Unfortunately Truss is a far from a competent Foreign Secretary,her diplomatic skills are around the same level as that of the rest of the cabinet, seriously lacking, or not apparent at all!
Truss is regarded as a joke by other countries and she is as ineffectual as the sanctions that she is preparing against Russia will prove to be.
When the US (Trump) decided to abandon the mess it had created in Afghanistan by pulling the rug out from under the feet of its allies and the Afgan people that sent a very clear message out to Putin that he could do what he liked because he would only face empty threats and ineffectual sanctions.
Putin is behaving just how Hitler did prier to the WW2 when took Poland first and then when he realised that he faced no serious effective resistance moved on the rest of Europe & the world.
Hi Cowichan,
Although I abhor Bristow's big game hunting hobby (Hunter has an overwhelming advantage) and I suspect the man to have narcissistic tendencies , I have agree he is absolutely right about wanting BOD & NED's to make site visits on a regular basis!
If only the Centamin BOD & NED's had taken the trouble to visit Sukari after the warning's of 2015 and 2018 they would have been aware of the failure to put in place fit for purpose waste management and most probably saved the $260 million clear up bill and the 60% reduction in the share price!
Equities in Europe traded deep in red during Tuesday's premarket after Moscow officially recognized the Donetsk and Lugansk People's Republics and Russian President Vladimir Putin sent "peacekeeping" troops to Donbas.
Additionally, HSBC Holdings plc announced on Tuesday that its total revenues for the fourth quarter of 2021 reached $12.6 billion, more than triple the amount for the same period of 2020.
The DAX traded 2.19% lower at 8:00 am CET. At the same time, the FTSE 100 declined by 0.93% and the CAC 40 dropped by 1.32%. The euro lost 0.10% at 8:01 am CET to sell for $1.13033, respectively. At the same time, the pound sterling declined 0.11% against the greenback to go for $1.35871.
Baha Breaking the News (BBN) / SP
- Bristow says Barrick is looking to buy copper assets and wants to focus on areas that some rivals find forbidding.
“These are clearly countries where we have a competitive advantage over traditional copper miners from the Western world that are too scared to go to those countries,” he said. “We are comfortable in the African environment.”
- Barrick aims to boost its gold production to 4.8 million ounces annually by the end of decade
- The company says it owns or has stakes in six of the 10 top gold mines in the world—defined as those with at least 500,000 ounces of annual production, a 10-year reserve life or more and below-average costs globally
“If you’re going to run a world- class business, you have to be global and Barrick is global,” Bristow said. “You can’t keep running back to the safe havens in the world. Some of the assets are not going to be in perfect addresses.”
- Operating in Africa, the developing world –and anywhere — means forging ties with political leaders and employing local people at the mines and as managers
* “In every single country in which we operate, I know the leader of that country personally—except for the U.S. I can pick up the phone and call them or send them a WhatsApp or email and they will respond to me because we have built a relationship.”
- Bristow, a swashbuckling South African who likes big-game hunting, keeps a punishing travel schedule, visiting each one of Barrick’s 17 global mines each quarter over a six-week period.
“We start in North America and go to Africa and then Papua New Guinea and then to Argentina and Chile and up to the Dominican Republic and come back to Toronto for the quarterly” results, he said.
** He wants Barrick’s directors to see the operations and holds two board meetings a year at a mine.
---------------------------------->>>>
*I wonder, does Bristow already have President Sisi's number in his phone?
**Also, I like the idea of holding board meetings at a mine site - as long at the BOD's fly commercial of course
Bristow must be the most informed & hands-on CEO in the mining industry if the above travel details are indeed true
https://www.barrons.com/articles/why-barrick-golds-ceo-is-looking-to-boost-its-copper-business-51645281013?redirect=amp
Gold is going to 2500usd ... MO.
Johannesburg, 24 January 2022
Announcement relating to the proposed acquisition of the Santa Rita and Serrote mines in
Brazil : On 26 October 2021 Sibanye-Stillwater announced that it had entered into purchase... 100% of the Santa Rita nickel/ Serrote copper mine, both located in Brazil, for a cash consideration of US$1.0 Billion
The Company has been advised a geotechnical event occurred...
Accordingly Sibanye-Stillwater, has today given notice of termination...
(And the sellers reply)
Response to Sibanye-Stillwater’s termination of agreement to purchase Brazil assets
Appian notes Sibanye-Stillwater’s surprising announcement dd. 24 January 2022, and believes there to be no basis for Sibanye-Stillwater to lawfully terminate...
The geotechnical event that Sibanye is referencing amounts to a localized fracture that occurs in normal course open pit operations. To remedy the condition of the area in question, some amount of additional waste will need to be mined earlier in the mine plan...
...which equates to less than 1% of the mine’s volume over a 34 year mine life. Appian does not agree that this constitutes a material adverse event.
Appian is currently assessing all of its legal options and will take all necessary action to enforce its legal rights.
------------------------------->>>>
The situation is not unlike what happened at Sukari - i.e. a 'localized fracture' blooming into a sudden imperative to expedite waste clearance -
Makes me wonder if perhaps the Brazilian locals didn't want to be acquired by a SA company -
Regardless Appian stands to lose, they being the intermediate between parties
She's the Foreign Secretary and needs access to the outside world through official channels at all times.
That isn't going to be possible on commercial transport with the encrypted comms they use. Such a non story, it's embarrassing it is a story and feels a bit sexist as was never an issue when we had male Foreign Ministers.
Anyways gold looking good and still so undervalued. GLA.
Liz Truss has once again taken a trip by private jet – this time to a destination accessible within two hours by direct train.
As social media users were quick to point out, flying by private jet for the meeting was not strictly necessary considering a direct train service runs between London and Brussels.
A Eurostar journey typically produces more than 90 per less CO2 than an equivalent flight.
The Independent has contacted the Foreign Office for comment.
Ms Truss hit headlines last month for flying by private jet to Australia.
A Eurostar journey typically produces more than 90 per less CO2 than an equivalent flight.
The Independent has contacted the Foreign Office for comment.
Instead of travelling from London to Sydney on one of the daily Qantas departures, Ms Truss flew the 22,000 miles to, from and within Australia aboard the private government Airbus A321.
The aircraft type holds 235 passengers on easyJet flights, but the government’s version is kitted out with a VIP interior – including lie-flat beds.
The mission to Australia and back burnt an estimated 150 tonnes of fuel and generated nearly 500 tonnes of CO2.
https://uk.yahoo.com/news/liz-truss-slammed-taking-private-141309132.html
https://www.wind-watch.org/news/2022/02/21/wind-farms-were-paid-not-to-generate-half-their-potential-electricity/
Fraudsters are exploiting the cost of living crisis by sending text scams that prey on households facing soaring energy bills, banks have warned.
UK Finance, the banking trade body, urged people to be vigilant after noticing a rise in the number of “smishing”, or SMS phishing, which are scams that impersonate energy companies. Recipients are told that their energy supply has switched to a new provider and that they should set up a new direct debit.
It comes as 27 energy companies have gone bust since August on the back of soaring wholesale gas prices, meaning millions of households have been transferred to new providers. Household energy bills will rise by almost £700 this year after Ofgem, the energy regulator, said earlier this month that it would lift the price cap by a record 55 per cent to £1,971.
'Ofgem would never sell you energy'
Conclusion: Gold Bullish momentum remains strong!
Overall, gold continues to look promising here as the bullish momentum remains strong. Hence, Gold is probably on the way towards US$1,950 and US$1,975, with a slight chance for an overshot to US$2,000. But of course, given the rather overbought daily chart, the risk/reward is not that good anymore. Silver and many of the smaller mining stocks, however, might still offer a chance to play the ongoing rally over the next few weeks.
Once gold tops out in spring, expect a big pullback. Maybe even back towards the higher trending 200-day moving average (currently at US$1,808) at some point in midsummer. But that is all somewhere in the future. For now, the bullish momentum remains strong.
Overbought?
If more people are buying and their is a shortage of physical bullion then how can gold be overbought?
What stupid terminology, just illustrates that is all a big game to churn the indices up and down for the convenience of those who run the market racket!
Wind farms have been paid to refrain from producing up to half of the electricity they are capable of generating, according to research that led MPs to warn that "inappropriate" decisions on wind power were "forcing excess costs onto consumers".
An analysis found that, in 2020, three large wind farms in Scotland were paid a total of £24.5 million to fail to produce about half of their potential output.
Researchers said the "constraint payments", which are ultimately added to consumer bills, were being fuelled by a high concentration of onshore wind farms in Scotland often leaving the electricity grid unable to cope on windy days.
The Renewable Energy Foundation, a charity that publishes energy data, said the problem would continue until "until there is more than sufficient interconnection between Scotland and the centres of demand in England". The analysis comes ahead of an expected spike in electricity bills.
Craig Mackinlay, who leads the Net Zero Scrutiny Group of Conservative MPs, said the constraint payments were an example of unnecessary costs being charged to consumers.
A government spokesman insisted the payments were "not a viable income stream for onshore wind developers", but a new analysis by REF found some individual wind farms were agreeing to not produce up to half of their potential output in order to avoid overwhelming the grid.
Excess costs ‘forced onto consumers’
In one case, £7.7 million in "constraint payments" handed to the operator of a 23-turbine scheme in Scotland in 2020 led to the wind farm deliberately failing to produce 51 per cent of its potential output. In another, SSE, the operator of the 33-turbine Strathy North wind farm in the Highlands, was paid £5.9 million to avoid producing 48 per cent of its capacity.
Last year, which saw particularly low wind speeds, the 59-turbine Dorenell wind farm in Moray, owned by EDF Renewables, was paid £1.5 million to avoid producing a total of 179 gigawatt hours – 35 per cent of its potential output.
Dr Lee Moroney, REF's principle analyst, said: "When wind farms have been so poorly sited that they are discarding up to 50 per cent of their annual output, the public has every right to ask how on Earth these projects came to get planning permission."
Mr Mackinlay said turbines appeared to be constructed "in inappropriate locations, forcing excess costs onto consumers and harming our precious natural heritage in the process".
More renewables ‘will protect customers’
A government spokesman said: "Gas is expensive and wind power is cheap, so we need more renewables to protect consumers. Constraint payments remain the most efficient option for National Grid to keep Britain's lights on, and are only used when there is excess supply."
A spokesman for EDF Renewables said it had to respond to National Grid's constraint requests "in order to manage the system and keep the lights on".
https://www.lse.co.uk/ShareChat.asp?ShareTicker=CEY&share=Centamin-PL
Thank you Rebees!
Some may find this of interest. - Hope you found 'The paradigm of money' of interest.
https://www.midastouch-consulting.com/gold-chartbook-20022022-gold-bullish-momentum-remains-strong
live FTSE prices
https://www.ig.com/uk/indices/markets-indices/ftse-100