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https://www.investorschronicle.co.uk/news/2021/11/17/markets-waking-up-to-inflation-threat-and-sending-gold-higher/
"Polymetal’s (POLY) forward price/book ratio is 3.3, although this is also well below its peak last year of over 4.5 times, while silver miner Fresnillo is at 2.4 times, down from 3.6 times. Hochschild Mining (HOC) is at a similar level to Barrick on this metric. Single-asset operators such as Centamin (CEY) and Hummingbird Resources (HUM) could be among those targeted in the next stage of consolidation – both trade cheaply, at 1.2 times and 0.5 times book value, respectively, but each one experienced production difficulties right as gold was soaring last year.
Shares in Europe traded mixed in the premarket on Thursday amid the ongoing economic difficulties caused by the COVID-19 pandemic. The day before, the United Kingdom revealed the highest monthly rise in inflation in ten years. Meanwhile, it was reported the European Parliament has agreed on the rules concerning the big technological companies' anticompetitive activities.
Lastly, Germany's ThyssenKrupp AG stated its net sales in the fourth quarter of the year saw yearly growth of 18%.
The CAC 40 stood flat at 7:03 am CET. At the same time, the DAX gained 0.07%. On the other hand, the FTSE 100 lost 0.12%. Both the euro and the pound sterling stood flat against the dollar at 7:10 am CET to go for $1.13194 and $1.34894, respectively.
Breaking the News / JR
Tietto Minerals - Cote D'Ivoire
- In Q2 2019 Abujar gold project gets updated JORC resource
- In October 2020 project receives environmental approval
- In December 2020 project receives mining license approval
- In October 2021 Definitive Feasibility Study Completed
- In Late October 2021 Tietto announces it will fast-tracking the development of the Abujar Gold Project in Côte d’Ivoire, West Africa, targeting first gold in Q4 CY2022.
https://www.tietto.com/investor-centre/presentations/
-------------------------->>>
My Thoughts:
Behold! Tietto's clear, concise timeline. No ambiguity. No infinite delays. Actual communication with shareholders - delivering on all that 'creating value' talk.
Contrast that with Centamin's progress (or lack thereof) in Cote D'Ivoire.
- In 2017 Doropo Project, Côte d’Ivoire gets an updated JORC resource est 1.35Moz indicated
& 0.9Moz inferred
- years and years pass...
- In May 2021 Doropo PEA was released - at which time
- Board approves US$14 million spend to advance the project to PFS stage by mid-2022
Whoa! Slow down there cowboy - are you sure we can handle moving that fast?
It really is total BS - and I say it's time the current slate of Centamin board members bugger off to another company and SLOW THEM DOWN. Please and thanks.
Now I'm sure somebody out there is going to say Centamin takes their time so they don't rush in and make costly mistakes. Ya right. They can make costly mistakes just fine after a decade of wait-and-see delays.
Somebody please share this post with Centamin.
I note the 400k buy @ 17:36 £424.45k originated from Canada (Can$1.79).
If gold makes a break, its price will superimpose the CEY fundamentals on top of a rising price curve, else the reverse. It's that simple.
OK, balls-on-the-line now. It would not surprise me to reach $1,900 within the next week! Any other news is peripheral to the CEY price now.
Excellent article shared by Goldgnome re: West African Resources.
Details the success that can be had with MODEST operations in Burkina Faso - compare that with Centamin's debacle in Burkina Faso.
To ignore the past is to repeat it!
"If you had invested in [West African resources] the company five years ago while it explored, studied, funded and delivered its Sanbrado gold project in Burkina Faso, you would be sitting on a more than 400% gain."
So where are we with Batie West TEN years later? Zero value creation so far. Can't even get a response from management as to the status. Are we selling? IMO some new Centamin directors are needed, pronto.
https://www.westafricanresources.com/investor-centre/presentations/
Any progress with the Batie West #gold deposit? The directors needs to act before relinquishing more gold reserves - just as they lost the 1.4 million ounce Wadarado deposit 2 years ago. $CEY
@northernminer @CityAM @MiningNewsNet @PanmureGordon @PerseusMining @SIBSTILL
@MinesAndMoney
https://twitter.com/DonLawson_/status/1461030247151800328
https://www.linkedin.com/feed/update/urn:li:activity:6866653693563985920?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6866653693563985920%2C6866798950725259264%29
Gold looking undeniably bulllish on the weekly chart. I'll grow horns when we're above $1,900 for a week; maybe my CEY position if we get to $1,930.
Hi bigbob,
Sounds a good investment to me. I have added also, but I wish I could bought amounts at your levels :)
Good luck
Hi bigbob
You've missed out your address, password, telephone no. and bank details.-
Today I have doubled my holdings, can only see this going one way with inflation heading towards 5%We have dealt as agent on your behalf:
Order type: AT BEST PURCHASE
Order dealt on: 17NOV2021 at 13:54:00
Venue: HSBC GLOBAL MARKETS
Settlement date: 19NOV2021
Stock name: CENTAMIN PLC
***DEPOSITARY INTEREST***
Stock ISIN: JE00B5TT1872
Dealt quantity: SHS 100,000
Dealt price: GBP 1.04800
AVERAGE PRICE
Conditions:
Gross amount: GBP 104,800.00
Charges applied as follows:
TRADING FEE : GBP 10.50
PTM LEVY : GBP 1.00
----------------------
Settlement amount: GBP 104,811.50
I can confirm that the Sukari life of mine presentation will be hosted on Wednesday 8 December. Please find attached the details of the event.
Centamin will host a virtual investor presentation on Wednesday, 8 December 2021. Members of the Executive and Senior Management team will present the updated life of mine plan for the Company's flagship asset, the Sukari Gold Mine, including further identified opportunities, framing the long-term vision of the asset.
The event will start at 10.00 GMT and expected to end no later than 11.30 GMT, including a Q&A session.
EVENT ACCESS
To join the webcast: https://webcasting.brrmedia.co.uk/broadcast/618e790238a15b548bb9077d.
Please allow a few minutes to register. A replay of the event and presentation material will be available on the Company's website.
QUESTIONS
Investors are welcome to submit questions prior to the event via the above link or by emailing investor@centaminplc.com.
I concur
Is it possible that both dates are still in play? - One for the announcement, followed by the investor-link one week later. This will allow time for the first announcement to sink-in.
As I’ve said before- intra day gold price cause movements not necessarily absolute price- not always the case but more often than not will all else being equal
https://twitter.com/centaminplc/status/1460887981137485830?s=21
Thanks Mr. T. It is confusing as they said "publish" on 1st when they said it a while ago and "present" when they mentioned in the RNS the other day... so I assume they will present the published info- good luck :-).
Shares in Europe traded mostly lower in the premarket on Wednesday ahead of the release of multiple economic reports throughout the day. The United Kingdom will reveal its latest results in consumer and producer prices. The European Union will post updates on its consumer prices and construction output.
Earlier, Germany unveiled that its seven-day incidence rate, the number of individuals infected with COVID-19 per 100,000 people, reached another record-high of 319.5.
The CAC 40 stood flat at 7:15 am CET. At the same time, the DAX lost 0.19%. Meanwhile, the FTSE 100 declined by 0.33%. Both the euro and the pound sterling stood flat against the dollar at 7:17 am CET to go for $1.12985 and $1.34248, respectively.
Breaking the News / JR
Happy hump y’al
Great to see a genuine success story, in Burkina Faso. Started in 2007/8 runing into the financial meltdown, and onwards. Basically developing form a Greenfields discovery, now worth $1.4 b .. employ 90% local staff ... led by 2 Geologists
and one since inception.
https://stockhead.com.au/resources/west-african-resources-boss-richard-hyde-on-why-its-the-place-to-be-for-a-new-gold-miner/
Makes the CEY effort in Burkina so far very ordinary, but still time to learn. It ca be done, and has been and they are building
best
the Gnome
Would seem that way .,,
I will see if i can get some clarity on this and let everyone know.
Tibbs
That’s what I thought too, I had a post prepared this morning above the fact that the cc was dated exactly one week after the reports publication but the way the “calendar” now reads on Centamins website it’s no longer clear if the report is due on the 1st or the 8th
Clarity needed!
I took it the report comes out as an RNS on 1st Dec and the presentation is week later eg time to digest and compile questions- but obviously I could well be wrong.the bit at the of the RNS asks for questions beforehand
The bit at the bottom of the RNS is:
QUESTIONS
Investors are welcome to submit questions prior to the event via the above link or by emailing investor@centaminplc.com.
From Q3 Report:
"The Company will publish updated Sukari Mineral Reserve and Resource statements and the results of the Sukari Life of Asset (Phase 2) optimisation work programme on Wednesday 1 December 2021."
From Yesterday:
"Centamin will host a virtual investor presentation on Wednesday, 8 December 2021. Members of the Executive and Senior Management team will present the updated life of mine plan for the Company's flagship asset, the Sukari Gold Mine, including further identified opportunities, framing the long-term vision of the asset."
Not that a single instance matters - but changing a date should be followed up with an explanation.
Why? Because it's been a horrible habit over the years with more important stuff. For example - we are promised resource update for project X during consecutive quarterlies then suddenly you hear nothing for 12 months. Then nothing for two years. Then you ask. Then you are ignored. Then the project never existed.
Accountability - from the little details to the multimillion dollar boondoggles - it's all related.
Disclaimer: I hold the long term directors and tenured management to account. Our CEO doesn't yet have the history to be included in such criticisms.