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Tiger has already suggested it, anything below 111 will also motivate the market but in the opposite direction I feel. -
Hope you're right ton-fra-cen. - Every extra 1koz reduces the task of meeting forecast. 120k would motivate the market I feel.
I expect Q2 to surpass 120 koz
I expect Q2 to surpass 120 koz
Hi Tiger - Can't fault your arithmetic relevant to mid-forecast (505). - So, as you say, 111 for Q2 added to 116 for Q1 would maintain target as depicted in the 45/55 H1/H2 split forecast. - However, H2 would require a 22% increase in output to achieve overall forecast and not the 10% as the 45/55 appears to suggest. - 22% is a huge increase I would suggest and would represent a formidable catch-up handicap.
n 2006, as many as 5,000 modern electric cars were destroyed by the major car companies that built them. (Who Killed the Electric Car?).
There you go Mick, just type in the title and you will find it
Strong sales in US dollar vs Egyptian pound will also bare well in financials IMHO, plus converting to sterling
Tiger, very reasonable and sensible post.
Hopefully, the increase in GOLD Price over the last 4/6 weeks should be to our benefit also.
I'm going to say 120k production
and some surprise news on Ivory coast project
Well put, with some trepidation I think they will have corrected. Im a little optimistic with a target of 120oz. There again I never got close to those oz competitions we used to run, remember? will it be 145koz or 151 koz, ahh those days.
Centamin have guided 490K-520K gold production for this year at $890 to $950 AISC, with a 45%/55% production split between the first and second halves of the year.
They also guided 105K-115K gold production for Q1, but beat that with 116K. AISC for Q1 also came in at a pleasingly low $898.
So, if the 45%/55% half-yearly production split is maintained, then that implies Centamin need to hit 111K in Q2 to hid midpoint of their guidance (505K pa). Production of less than that I fear would disappoint the market.
IMO, 116K again will be welcomed moderately, and anything over 120K will see sustained buying, as it would imply that guidance may be increased (120K implies 525K annual production).
Anything under $900 AISC again would also be a strong result.
Comments, thoughts, anybody?
Europe trades lower in premarket ahead of inflation data
Europe was lower in premarket trade on Wednesday as investors awaited inflation data from the European Union and the United Kingdom. Focus in politics remained on Brexit after the EU picked Ursula von der Leyen to be its new European Commission president. In her speech before MEPs on Tuesday, Von der Leyen said she would be willing to grant the UK a second Brexit extension, past October 31. Meanwhile, reports suggested Tory leadership race front runner Boris Johnson would like to hold a general election in the UK sometime in the next 12 months.
The DAX declined 0.10% at 8:52 am CET while the FTSE 100 in London fell 0.20% at 8:53 am CET. France's CAC 40 lost 0.19% at 8:53 am CET.
The euro declined 0.08% against the dollar to go for 1.12018 at 8:54 am CET. The pound fell 0.17% against the greenback to 1.23859 at 8:55 am CET as it fell further after hitting 2017 lows a day earlier.
Breaking the News / VP
Bit of a fall back in $POG (temporary I suspect) but £POG still very close to record highs as a result of the slump in the cable (£/$ exchange rate).
Interesting article on gold mining and investment in Egypt published yesterday in 'Egypt Today'. Quite a few references to Centamin and quotes from some of the senior team.
Pushme, The profit share, iit is after all only what it was always going to be at this stage!
Any long term share holder is by now well aware of what the profit share is and was always going to be
AiSC haven't really risen that much and in any case are whatever they are,
Perhaps Dirty Harry sums up the Centamin share holders dilemma far better then Barclays analysts ever could!
Clint Eastwood as 'Dirty Harry 'the master of minimalism, he caused a seismic shift in how men communicated back then with less words and more action, women were frustrated but satisfied!
So regarding Thursday you've gotta ask yourself a question: 'Do I feel lucky?
Can’t wait for Thursday.
Earnings per share and dividend are down three fold since 2016, on Barclays research centre, hence share price fall
The recent rise in gold will help but too late for the last half, and $100 mopped up by increased costs. And the increased profit share gobbles more.
So will cey have got production back up?
And even more, as Barclays Pont out today, gold miners have underinvested through this tough downturn, hence rising costs as they have to invest now. So as usual I will be watching the aisc closely. Will they have got that down again?
Cey seems to me around fair value now with the reduced output, increased aisc and profit share, resulting in the far lower profits and dividend, especially as have recently increased by 40%, 3 times faster than the price of gold as it should be, as the first $900 of the gold price used in costs, and half the remainder to Emra. Let’s just hope the news is upbeat rather than flat, and we don’t take/deserve another tumble. On tenterhooks....
I have some CFD IN CITY INDEX. PRICE SHOWN IN SCREEN 1.15 I TRIED TO SELL AT 115.05 CONFIRMATION GOT 1.13 This happened at 10.28 am. since then I can see any trade price at that price . how this happen ?
if anybody have idea please send message
Many thanks George
Brussels had already rebuffed such a plan when the Brexit secretary, Steve Barclay, who is now part of Johnson’s campaign, met the EU’s chief Brexitnegotiator, Michel Barnier, last week.
In what was seen as “spinning for a Boris plan”, Barclay told Barnier that the backstop was dead five times during the meeting. Sources say he told Barner that they wanted a series of mini deals and alternative arrangements for the Irish border.
He was told that was Brexit fantasy and a non-starter, and that the “mini deals” outlined in EU contingency plans were temporary and only covered the “bare bones” such as aviation, mobile phone roaming and haulier driver licences. They did not include the major issues such as trade or the Irish border.
2h ago 11:53
No-deal Brexit sends pound sliding to 27-month low
NEWSFLASH: The pound has just hit its lowest level against the US dollar in over two years, as fears of a no-deal Brexit grip the financial markets.
Sterling has fallen to just $1.2420, shedding a whole cent today, to its weakest point since April 2017 (shortly before Theresa May called her ill-fated general election).
The pound has also sunk to a fresh six-month low against the euro, at €1.107.
Michael Gove has actually done quite a good job in his present role.
Boris was an absolute disaster as London mayor, did nothing, never went into the detail and wasted load of money (water cannon), he was even worse as foreign secretary!
The the old Commonwealth exists in name and that is about all, as to trading with us most of what they produces isn't such good quality as much of the produce from Europe and could be better used feeding and helping their own people, it also makes no sense to pollute the atmosphere and global environment by transporting many of these products half way around the world when better stuff is less than 110 miles away!
the EU isn't playing silly buggers, the UK was a member of a club and we agreed to abide by the rules the same as we expect them to.
The UK has received billions of euros in grants from the EU over the years and this seems to be forgotten by Farage.
Since the referendum the myths spread by Boris & Farage have been exposed and many people have realised they were duped by the claims of so called savings, also the electorate has changed, some even died and others have now become eligible to vote in the 3 years plus since ill-informed voted to leave.
"Most importantly businesses would be investing for the future and entrepreneurs would be looking to develop new products and markets ... all of which is still on hold right now"?
Yet many businesses have received grants from the EU and they already have access to a huge EU market place,also the EU has just agreed a huge South American trade deal.
For every successful and decent entrepreneur there are scores of deceivers who screw the system, or some like James Dyson take the production of a good product to India , cheapen it's build quality and then charge twice as much for it when sold in the UK.
Boris and Hunt are both happy to spend over £52 billion on HS2 and tear up ancient woodlands and destroy peoples homes just so trains can can get to the outskirts of a northern city 20mins sooner
Wouldn't £52billion be better spent on the NHS and other public services all over the UK?
As a member of the UK has strength and negotiating power, if it leaves it will be at the beck and call of the likes of Trump, is that an improvement?
Europe mixed ahead of crucial EU parlt vote
European markets traded mixed in premarket trade as investors awaited a vote on the new president of the European Commission in the European Parliament. German Defense Minister Ursula von der Leyen, who is the European Council's nominee for the position, will give a speech before MEPs this morning to lay out her vision for the EU. During the first hours of the trading day data on unemployment in the United Kingdom and the EU trade balance is set to be published.
The DAX was 0.12% higher at 7:48 am CET. Meanwhile, the FTSE 100 lost 0.04% and the CAC 40 was flat, declining 0.01%, both at 7:49 am CET.
The euro increased by 0.02% against the dollar to change hands for 1.1260 at 7:50 am CET. At the same time, the pound lost 0.04% compared to the greenback and went for 1.25109.
Breaking the News / VP
Courtesy of the POG board:
Istabraq - since things are rather dull at the moment on the POG front - we trundle along making painfully slow progress under the same management team we had in 2016 , I'll introduce a little what-if for everybody to comment upon, if they feel inclined.
What if Michael Gove hadn't knifed Boris back in 2016 ?
Boris would have been PM instead of Theresa May and Gove would probably have been given the Chancellorship instead of Philip Hammond. My guess is Gove would have done much like Hammond and been fiscally restrained but I think he has some added intellect and would have come up with a few financial tricks to boost the economy. Boris would have given us more of a feel good factor and would probably have just pushed on with Brexit regardless. I think we would have exited 18mth-2yrs ago and after about 6-9mths of the EU trying to play silly buggers they would have realised that co-operation was the best course of action and we would by now have 95-99% of all UK / EU activity running smoothly and a lot more flexibility for UK to trade with the old Commonwealth countries again as well as BRICS & US. Most importantly businesses would be investing for the future and entrepreneurs would be looking to develop new products and markets ... all of which is still on hold right now.
By gut instinct is that economically we would hardly notice the difference - no major recession or GDP bump, house prices and Sterling not that dissimilar but 90% of people in the country would be feeling a bloody sight happier ... what do you think ?
Cey should be much higher than this with gold at this price. All the goldies should.
Please ignore my post mr Tibbles
The article is there....just have to scroll down further TO SEE IT
This item is no longer available....Mr Tibbles
True Dasut not all Americans are Trump supporters. let's hope they vote him out!
Although GM cars are in the main poor quality and the parts are overpriced, certainly that's my experience from my time spent at my friends Bosch garage.
Tesla cars are also greatly overrated and overpriced when compared to some of the top notch European brands
Talking of electric cars this site may interest you?