Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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According to the regulator, The London stock exchange, Centamins declaration date is 21 Feb 2022 (Mon). On the day Centamins board of directors will announce the amount of the final dividend payable for the six months ended period ending 31st of December 2021
inside source that Basel III compliance has driven a top-tier bank to unload the last of their unallocated gold contracts.
With the gold market ready to explode, the London whistleblower digs deeper into the BIS revelations, drawing even more focus to the smoke and mirrors world of ETFs, the last holdout to accept the NSFR rules.
00:00 Start
01:30 What is happening so far this year
06:45 A Little bit deeper into the ETF topic
14:30 The physical vs. paper fundamentals
16:00 Big Basel III revelation, Bombshell Information!
21:00 What to expect in the very short term?
24:50 What is happening now in the silver markets?
https://www.youtube.com/watch?v=yDkEsGF42zc
Sotolo,
AISC is a very flawed metric that can easily be manipulated and does not reflect the true cost of mining. See my article attached, which was published by Crux Investor as an “Analyst’s Note”.
- It is simplistic to believe that gold mines will be mothballed when they cannot produce at positive cash flow. There are a myriad of gold producers that have to go back to the market continuously for funding with gullible investors prepared to do.
- The AISC cost does not cover ALL cash outlays required to keep mining
The question was asked on the last Q&A call, and there is no change in dividend policy.
What that payout will look like will be decided nearer the time when Centamin announce the FY financials on 10 March 2022.
The more cheer leaders the better.
At times I think centamin is more secretive than the CIA
https://etfdailynews.com/news/centamins-cey-outperform-rating-reiterated-at-royal-bank-of-canada/
Monday February 21st
Am I the only one thinking something is obviously wrong in this statement since 17th February was most definitely not a Monday this year.
Also best to take facts from the company rather than speculation from dividend max who frequently get dates wrong....
DYOR
Nothing on the Centamin web site.
I'm guessing that the dividend will not be declared until the results on the 16th of March:
https://www.centamin.com/investors/investor-calendar/
https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-plc/dividends
https://www.google.co.uk/search?q=Declaration+date&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
Equities in Europe traded mostly lower on Friday amid several earnings reports released throughout the day. Renault SA unveiled an annual rise in its 2021 revenue. Later, NatWest Group PLC and Eni SpA will reveal their latest financial results. Traders are also waiting for the newest update on the United Kingdom's retail sales and Eurozone's construction activity.
The DAX went down by 0.34% at 8:00 am CET. At the same time, the CAC 40 declined by 0.29%. On the other hand, the FTSE 100 advanced by 0.10%.
The euro gained 0.10% to the dollar to sell for $1.13710 at 7:59 am ET. At that moment, the pound sterling stood flat against the greenback to go for $1.36188.
Baha Breaking the News (BBN) / JR
Have a good weekend y’al
Keep at it mate. Always good for management to know that someone out there will hold them to account.
An excerpt from Centamin IR latest reply (parenthesis all their words - not mine)
" Accusation of misleading statements in the Annual Report - Centamin have not made any misleading statements in the Annual Report... "
"... the Sukari 2D seismic was a trial of the technology. That means the technology was trialed over known gold structures. No material information from that study has been withheld. The technology confirmed several of the structures, but management concluded not to allocate capital to the 3D seismic survey..."
-------------------------->>>
My Thoughts:
Figured I needed to keep fellow shareholders in the loop as to Centamin's replies. If anybody has had other replies regarding the HiSeis survey and they would like to share - please do.
A few points of contention:
1) The original response I got from Centamin said "in 2019 we trialed a 2D seismic survey to see what the data showed. The quality of the data was inconclusive"
How then in their latest response can they say the HiSeis survey "confirmed several of the structures" Either it did or it didn't!
2) Remember that Centamin's Audited Annual results of 2019 states " ...initial data interpretation is very encouraging, identifying multiple potential gold systems and exploration targets..."
3) To date NO HiSeis data, graphs or details other than that extremely positive statement in Centamin's Annual Results has been shared with Centamin shareholders or the general market.
The HiSeis survey results however can and probably already has been shared with interested 3rd parties.
4) The 10k meter brownfield drill campaign around Sukari (which is now likely concluded) relied on the data obtained from the HiSeis survey to pinpoint drill targets - which makes the seismic survey data highly, highly relevant and most certainly 'material' which means they are legally bound to share it with the market
I continue to call on Centamin's management to release the results of the HiSeis survey to its shareholders and the general market immediately.
Please share this chat post with Centamin IR if you too agree
here's the linkedin post IR has an issue with
https://www.linkedin.com/posts/don-lawson-98619370_centamin-sukari-gold-activity-6897246917709955072-Mzmo
Sotolo,
Shareholders were all made of the reason that AISC would increase albeit in the medium term in order to make the necessary changes to Sukari for the benefits of the longer term.
I couldn't care a jot about HOC, it's a pile of poo in comparison to the potential prospects for Centamin.
As Dasut explained on several occasions there really is no alternative way of rectifying the results of years of bad mining practice than what Martin Horgan is doing now.
As Kees Dekker remarked with the new strategy Centamin investors can now just sit back and enjoy the dividends whilst the recovery takes place!
You really are worrying about things you have no control over,and its pointless, just wait and see, or bail out into some other mining company, but most likely they have their problems which they won't tell you about.
Options Expirey Day.
Will be interesting/
As for CEYs AISC, that is temporary.
maybe some good news soon.
This share. is always following others and AU like the proverial tortoise.
Unless there is crap news then it drops like a stone.
Thanks Prof, I think the big disappointment is the hui gold mining index is up 15%, the Gdx over 20% so we should be laughing, yet Centamin and Hochschild lag way behind with Cey up 10% and Hoc up a measly 2%, partly I think as their high costs mean investors seem to think there are better mining alternatives immediately than speculating on shares like these coming good. Let’s hope they start playing catch up, who could have believed both these around £1 with gold at $1900 but then who could have believed costs also going up to 50% higher obviating the gold rise.
If this continues surely £1 a share must be a strong possibility…
Gold at 1901 now
Sotolo,
I agree that pessimistic comments on this boards are key to balance. It is very easy for us all to end up rebreathing each other's overly optimistic air. After all most people who are on a company BB hold that company and are therefore (presumably) positive about it.
Let us hope that we have many more days like today. Gold just at few hundreds of a cent off $1900 a short while ago.
Best wishes,
Prof
M&A takes time, and it could happen at any time, as we won't be privy to this info.
Any concrete rumour causes a jump (if a favourable one of course).
You won't get advance notice unless on the inside- so if you don't hold stock, you miss out.
Bristow the typical narcissist loves himself and hearing himself pontificate even more on just how great he is !
Anyone who thinks that Centmin have poor at investor communications should try getting anything other than corporate baloney and bullsh*te out of Barrik, truly an awful company specialising in exploitation of employees, shareholders and the natural environment!
If there were M&A or takeover talks going on , and I very much doubt there are, then they would be subject to the usual market rules of disclosure, so much as we would like to know more sooner than anyone else it ain't going to happen until the regulations allow by the appropriate means.
Yes Bristow is 7% up as well , his own ar*se that is !
patryk, yes gold up 7% but so is inflation
Well Prof it has been a lousy year with this which has fallen more than two fold, and worse Hoc, as you mention, down by over three fold, both hit by lower ounces and more important much higher costs that will only be rising further with inflation. So the question with both is can they and the gold price improve faster than inflation pushes their costs ever higher; ever hopeful but what a hit! The good thing has been what is now my largest holding and I have mentioned a few times here, Tharisa that has risen 25z since Xmas, and 50% since Nov and is still super cheap valued at under half Cey while pushing out much bigger profits, that are fast growing; and my investment is entirely thanks to Tiger on this board, who did sell out around 200 and recommended Tharisa here. It shows how useful pessimistic comments are on these boards as well as the more usual optimists