Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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That’s true and more bullish news in my book as JP. Morgan say gold will decline to $1520 this year: “An unwinding in ultra-accommodative central bank policy will be most outright bearish for gold and silver over the course of 2022… gold prices are set to steadily decline over the course of next year to a Q4 average of $1,520/oz." Hopefully the more are bearish the more gold may rise, though if they are right Centamin profits will be much lower than pre Covid and the share price similarly
Sorry meant to say we must hope that despite the City, LBME & Wall Streets influences on our politicians that that they have to comply with Basel 3 and that Sukari gets turned into the mine and Centamin into the company to deliver rather than disappoint!
Absolutely agree Mr Bond,
Can't recall two years that have been so depressing in so many ways!
Still hard to believe the way that Pardey.Josef and Youssef could have gotten away with such dereliction of duty and with misleading the share holders and the market for so long by claiming that all was well at Sukari and that 560,000oz was on the horizon, when the reality as we now know was very nearly the ruination of Sukari and the company to our expense!
The crooks in the city & on Wall Street have run the paper scam for so long I can't see them giving it up easily and there is certainly no political will with our present government to clear up corruption and bad practice in the City!
Keep well!
Best
Tibbs
Sotolo, you did not mention the UK and US finding themseves extra time for Basel111 to be
conforative.
It maybe they try and ignore ir ,if thet dare.
Nothing would surprise me in order to maintain control of AU pricing.
The fraud in paper futures is so lucrative.
Happy New Year, goodbye 20 and 21. Horrible years, lets all hope for a better future.
Price depends on when you take the price and divi is a % of that . Then divi paid is a bit confusing as the second dividend in year 2019 was paid in 2020 because of Covid worries, so 2019 4c 2020 6c 6c 3c. So 2020 PE looks much higher whatever share price it is calculated on . In truth dividend is around 9 or 10c a year. So about 7p so at current share price this year so at current share price about 8% but expecting a dividend fall next year, if earnings stay up because of rising gold nd dividend remains then expect a considerably higher share price to take dividend back to around 5% imho? Also of course unusually only one dividend this tax year I think
Equities in Europe traded mixed in the premarket session, as investors looked at what the latest spike in coronavirus cases would mean for markets. New records were set yesterday in Spain, the United Kingdom, and Italy with regards to the daily number of COVID cases.
The DAX increased 0.10% at 8:04 am CET, while the FTSE 100 was down by 0.11% at the same time. The CAC 40 stood flat a minute later. The euro declined 0.26% against the dollar trading for $1.13186 at 8:06 am CET, while the pound lost 0.08% against the American currency concurrently changing hands for $1.34750.
Baha Breaking the News (BBN) / OL
Why does everywhere dividend % is so different... Some shows 6% ,most around ~9% and LSE 11% ?
Ye thanks for the trouble Kando, I have been keenly anticipating a rise this Xmas after last year’s washout - I came back to Cey in a big way in early Dec 2015 and have, as you, enjoyed this big time first quarter repeat a few times…and not. Looking at the first first quarter this year gold fell 10% from 1891 to 1691, last year rose 3% 1547 to 1594 , year before level pegged 1287-1293, of course like all statistic depends on dates you choose, but my point is this usually gets going before Xmas, but sadly this year gold is down $60 since mid Nov, a sore disappointment as I had been hoping for it to get going over the last mont. so haven’t seen the signs tho of course ever hopeful. Good luck all
Hi Kando
Thank you from myself and on behalf of all the other members for compiling this information and posting it, just the type of post we need to get into the public domain to lift spirits and promote confidence in Centamin.
31/12/2013 - 14/3/2014 1201 -1379 = 14% gain
24/12/2014 - 20/1/2015 1173 -> 1300 = 10% gain
31/12/2015 - 11/2/2016 1060 -> 1247 = 17% gain
22/12/2016 - 27/2/2017 1128 -> 1257 = 11% gain
12/12/2017 - 25/1/2018 1238 -> 1362 = 10% gain
14/12/2018 - 20/2/2019 1237 -> 1343 = 8% gain
20/12/2019 - 24/2/2020 1474 -> 1672 = 13% gain
With respect Sotolo, you seem to have misread your charts. Only in 2021, when it was consolidating (into the aforementioned bull flag) after a massive 2 year bull run, did it have a flat month of january - although it did technically rise from 1775 to 1952 from the 30th of Nov to the 5th of January (a 9% rise), so make of that what you will, it did rally, just slightly earler than previous years. You can keep going back further than 2013, Gold routinely rallies ~10% in January. We're already off mid-December lows now at the end of December, all indications are this rally will likely carry on until February.
A 10% gain on December lows would put gold at $1938 in the next few months.
13/14% (like 2013/14 and 19/20) would put it at $2008.
17% (like 2015/16) would put it at $2061.
At any of those (potential) prices Cey (and in fact, most miners right now suffering from bond yield blues) are really excellent value right now. Cey would (likely) trade back in the 130s-140s at those margins.
2017, 19 and 21 gold didn’t have great first quarters; 2016 2018 and 2020 when it did it started the rise at the start of Dec, suggesting this may be another year without a first quarter rise.
If gold matches its average jan-march rally, it'll head back into 1900s, at which point Cent has scope to bounce around the 105-145 range. Still looks really swell value right now. Lower end 20% upside, upper only capped by the limits of FUD from the inflation narrative.
We'll see soon enough but gold is in a nice big bull flag just like Jan 08-Jun 09, an 18 month pause before the massive 150% 2 year rally. The current bull flag started forming 17 months ago in Aug 20, so I'd say it's about ripe to make its move.
Well my Xmas present was a book from one of my children.
"The City" by Tony Norfield. The City of course is in the larger city of London (deliberate small c, and the real City is the one which does all of the damage).
Long exposed as a tax haven of extraordiary proportions and the epicenter of the Wild Western Europe Financial circuit, I could thorughly recomend Tony's book, as one does get a clear sense of the games played, and how ethics doesnt (never did I suspect) live in the City. Built on the strained webs of empire, with rules and transparency out the door or window (whichever was closest), it does suggest how the UK, with its perpetual indecent trade imbalances, (etc) is counter balanced by the trade of the City!?
https://www.macrotrends.net/countries/GBR/united-kingdom/trade-balance-deficit
https://www.macrotrends.net/countries/GBR/united-kingdom/foreign-direct-investment
It does have some implications for gold, which are interesting, and the more people get educated the more they might appreciate the games. It does include the us$ and the beloved internatioal banking "system" and a lot more ...
None of games are to the long term sustainability of the global financial system, which is by design, unstable (to state the obvious)
So if the weather is not good and the family has given you a few hours off, then I would suggest a read.
best for the GOLDEN New Year
[ we are all getting locked up or out, run out of PCR tests, can't get results back from those tested, state boundaries are going up and down, quarantine periods are going down with every 50% increase in infections? and now sit at 5 days (in some states), and continually having the politicians talk of never ending pandedmic relief funding but otherwise the economy is booming? Strange world, next year will be better???)
the gnome...
Major European stock market indexes were in the red in the premarket on Wednesday, as Italy, the United Kingdom, Spain, and France saw record daily increases in COVID-19 cases the day prior.
Meanwhile, the United States Food and Drug Administration (FDA) warned that the Omicron variant of the virus could go undetected by antigen tests in certain cases.
The DAX dropped 0.93% at 8:02 am CET, while the CAC 40 lost 0.11% a minute later. The FTSE 100 was flat at the same time.
The euro and the pound both lost 0.1% compared to the dollar at 8:05 am CET, selling for 1.13010 and 1.34214, respectively.
Baha Breaking the News (BBN) / BU
As the "Christian" west is having a holiday, the east appears to be buying gold. Good news for Centamin and its shareholders.
Wish you all the best of Health, Love, Happiness and success for the holidays and the new Year.
God Bless you all,
Dan
Thankyou Burton for your post.
Doc Holiday comments on CEY
https://total-market-solutions.com/2021/12/guest-interview-vol-13-doc-holiday-part-2/
All the best Market and Miz - Agree about the blended whisky. - I like it in my coffee when I'm reading the longer compositions here - Tibbs - Nome - Cowichan et al. - Good luck.
Thanks mizolgit,Ratchett is like Attie Jaques in the carry on films telling me to put my money in the bank, and stop being up sneaking a drink and gambling on shares, Funny how life changes x
Market ,good to hear from you.
Happy New Year to you.
And of course your Nurse Ratchet, love that, keep in line ,ha ha ,
We all going to be foyunate to get the same, ;-).
Ask her for a tot of Famous Grouse ,not a pure Malt but a good blended Scotch.
The very best wishes from myself
Thank you Tibbs for your kind words, farther Christmas comes when you are older, people make a great effort to look after you. This board helps to keep my my ticking and not fold over so thanks again and Happy New Tear to all the mates I feel i Have on this board, Nurse Ratchet almost been broken
Mr Bond
That is astounding. The rumoured reports of Santa's demise in an air crash does not seem to be robust.
Good news for the grandchildren!! Flights will resume as soon as possible .. (love, Boris)
LOl
bring on the new year and the game ...
best ...
the gnome
For your sound advice and all you share with this forum.
Best wishes one and all in 2022!
Any one know the reason there far,far, less flights over Christmas Eve and day.
Think out of the box.
Its simple , Santa needs all the airspace. After all no one wants dead reindeer falling from the sky.,do they.