We chatted to IronRidge Resources' CEO Vincent Mascolo who explains why the company has become a lithium explorer. Watch the video here.
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Can't work it out, totally oversold to the point of silly now I am at a 12k loss and I thought I had got a bargain " obviously not" OK gold price has dropped a bit but almost 50p drop in seven days? Well I am holding and will ride this out and pick up my divi, in time sp will recover I have set a sell price not checking anymore even if I takes years.
Good luck all.
Europe trades higher during premarket
Major markets across Europe were in the green during premarket trading in London, Frankfurt and Paris on Monday as investors took signals from the Asia-Pacific session where stocks in mainland China rallied on reports that Washington and the Beijing were nearing a trade deal. Apart from increased optimism surrounding trade talks, discussions on extending Article 50 seem to fuel investors' confidence.
The FTSE 100 was 0.31% higher at 8:08 am CET, while the French CAC 40 increased 0.49% at the same time. The German benchmark DAX was up 0.43% at 8:09 am CET.
The British pound gained 0.24% against the greenback to change hands for 1.3234 at 8:10 am CET.
Breaking the News / BM
High of the day $1297.13
+ 0.23% $3.01 $1294.43
High of the day $1978.13
Gold corrected downward in the US on Friday after the UK close.
Youcan stop them using ur CEY shares to short by putting a sell price on 90 days, for example £3
Another reason why stockbrokers may not like Crest accounts.
If your shares are held in a personal Crest account, the stockbroker cannot earn money on them by loaning them out to shorters.
I have arrived and yes it is winter..a Toronto winter at that! I will report back to you and Mrtibbles
a very cold old gold gnome..!!!
Rebess is right , thanks to him, it seems that Centamin Investor Relations are within their rights if they choose to ignore enquires from anyone holding shares in a Nominee Account.
This would explain why my letters to the company secretary have gone unanswered in the past .
The Share Society have been trying to get this changed https://www.sharesoc.org
So in essence, the nominee system not only makes it difficult for shareholders to vote (and act as owners of the company which is what in essence they are), but it also fatally undermines your rights as a shareholder.
Use a Personal Crest Account rather than a Nominee Account
There is one simple answer to this problem that all shareholders should be aware of:
Do not hold your shares in a nominee account. Hold your shares so that you appear on the share register of the company. You can guarantee this by holding a paper share certificate (not particularly recommended in the modern age), or by being a Personal Crest Member (which is highly recommended). The latter is an electronic share registration system which operates similarly to a nominee account and is usually no more expensive. However only a limited number of stockbrokers support such accounts – some of them are Charles Stanley (not CS Direct), Brewin Dolphin (inc Stocktrade), Killik, Redmayne Bentley and W.H. Ireland (you can find a complete list by using the search facility on the Wealth Management Association’s web site here: www.thewma.co.uk/buy-and-sell-shares/find-a-firm ).
Sorry GoldGnome , I hadn't realised that Centamin wouldn't be attending this conference in which case you won't be able to ask the questions I posted.
Still you could suggest to the Egyptian government reps that if they want to attract more mining companies then Law 32 needs ratifying.
you could also suggest that it may be a good idea to have representation present from Sukari Egypt's only producing gold mine to help answer questions from potential new investors.
You know it's the middle of winter in Toronto, eh? Don't forget to pack a toque and mukluks!
But if you are going to be at PDAC note that it's not Centamin presenting but the Government of Egypt's mining industry rep's.
I'd love to know if they have a timeline for the amendments to the mining law passing thru parliament.
An EMRA spokesman had suggested the amendments could be passed before the end of 2018 BUT here we are in March 2019!
Stay warm goldgnome! Cheers
Quite so I am aware and appreciate all the points you makre however Keith Neumeyer is an ex fund manager who is actively campaigning against the detrimental affects of the precious metals price manipulation that takes place in the markets.
He is proactive as CEO and has done a good job in helping to increase the fortunes of First Majestic and is I believe more than capable of helping to tackle some of the ongoing issues at Centamin.
I certainly don't think Keith Neumeyer would have buried his head in the sand for eight years whilst bogus court case against the validity of his company operating licence dragged on like our present management have1
Centamin could have gone to the international court they would have ruled on this by now (even if it took six years)
Good idea Mick-B, I shall investigate it.
Although if they are only going to respond or ansewr communications from certificate holding share holders then it should state that on the website investor relations page.
In any case as long as the enquirers full address and contact detail are given on any communication then the IR department should at least have the courtesy to give a response explaining why they are unable to provide the information asked for, that is after all common courtesy and good corporate practice.
Very fair comments on all points GoldGnome,
Especially the idea that if they fail to perform then their remuneration should be reduced on a pro rata basis.
You guys might want to consider your position in the light, that you can be wishing the shares lower, which might be to your disdavantage.
Any suggestion the remuneration refusal last year is cause of the poor performance is delusional. It does not follow that if they put in a bad performance they will get the remuneration recomdendations through again this year, and as I said I would certainly be voting all against it. If these guys cant perform, they should go and get a job elsewhere, which rewards non performance. They are all very well paid for the perfromance level they demonstrate. If not too well. I would like to see them take a pay cut equivalent tot he pay cut the shareholders have been forced to take, ...
Maybe a cheap way around nominee accounts is to buy say a small holding of 100 shares in certificate form
Added trading costs of around £20.....but cheap to get a voice
Just an idea
Most of the shares held by PI's are held in 'Nominee' therefore any e-mails sent cannot be tied-in to a specific shareholder. In fact, anybody can send an e-mail claiming to be a shareholder without the company being able to verify the fact. - It might account for their refusal to reply. - The 'Nominee' the 'Broker' is the one that should communicate complaints, whereupon they would have to respond. - So, a campaign communicating with our 'Brokers' might carry more weight and produce results.- As I hold share-certificates I am able to indicate my unique 'Shareholder reference number' (SRN) confirming that I am a registered shareholder. Impossible if you are a 'Nominee' I should imagine that if sufficient numbers campaign through their brokers there would have to be a response. - Just a thought.
I.ll second that Mick b.
First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe. Its segments in Mexico are Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin and La Guitarra. Its segment in Canada is Coins and Bullion Sales, and the segment in Europe is Silver Sales. The Company owns and operates approximately six producing silver mines: the La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine and Santa Elena Silver Mine. The Company's subsidiaries include First Majestic Plata, S.A. de C.V., Minera El Pilon, S.A. de C.V., Minera La Encantada, S.A. de C.V., Majestic Services, S.A. de C.V., Santa Elena Oro y Plata, S.A. de C.V. and FMS Trading AG.
Directors: Douglas Penrose (CHM) 70, Keith Neumeyer (CEO) 58, Raymond Polman (CFO) , Dustin Van Doorselaere (COO) , Martin Palacios (OTH) , Connie Lillico (SEC) , Marjorie Co (IND) 49, Robert McCallum (IND) 81, David Shaw (IND) 66,
No. of Employees: 4,154
Sorry typo should read "If they can't perform then they should ship out!
We need a CEO like Keith Neumeyer CEO of First Majestic Silver!
If they acn't produce results the they should ship out!
Not interesting in problems and endless excuses about why they can't deliver the guidance they claimed they could!
Investors shouldn't be expected to waste their time trying to troll through the endless pages of technical information that the management produce, this is just a smoke screen to confuse and try to keep investors quiet.
The manegment need to start delivering gold not excuses!
Nothing seems to have gone right since the remuneration rejection at last years AGM. - Are they putting 'the boot in'? - Is what's going on their way of getting their own back? - Fanciful I know, but it makes you think. :-)
Thank yo for your reply, it is appreciated, it has always been my intention to help other investors ovoid some of the pitfalls that I have encountered over my years of investing.
If you want any more information then please ask.
I have lot's more information on Centamin going back over the years and if it should be that my trust in the company and it's manegment has been misplaced then I am certainly not going to take it laying down.
I have contacts in the media that will be more than willing to help and I shall have no hesitation in making as many people and potential investors aware of why they should consider very carefully before committing to investing in Centamin.
I do hope that my suspicions of the what has been going on are proven to be groundless, but if not then I am am quite prepared to involve the regulators.
I do hope that other investors will back me up on this.
Please make other forums you may be members of aware of our dissatisfaction with the performance of the Centamin manegment and the appalling way retail investors are being treated..
Thank you so much for your VERY COMPREHENSIVE posted today, detailing the troubled history of Centamin