Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi Candid,
Unfortunately its too late ,the world has moved on 50 odd years and with the present shower of sh*ts in charge there will be no reset for the better , it was after all their party who did the selling off of our industries and utilities to foreign owners!
Goldgnome already pointed out why Brexit was seen as an opportunity by the City and by the LBMA to keep control of the POG, but that ploy has failed all they have is a delay until 2022 and are desperately trying to dig themselves out of a pit whilst the and the EU is abiding by Basel 3 and attracting more bank gold related clearing and so that will affect the world price of gold.
I appreciate that you are more akin to a trader rather than what I would term an investor, but good lick with your £1.35 you may well reach it sooner than you realise and then in the not too distant future you may wish you set your target higher!
Hi Mr Gnome,
I know you will be aware I certainly don't share Liberians view or heed their recommendations , they are taking advantage of the preset situation and almost certainly working to an agenda.
Although to be fair even though Liberian are desperately trying to drive the share Cey share price down for whatever reason, yet despite this they are forced to acknowledge that things are improving and despite where the share price things will get better, they know that if truth be known only idiots would be selling at this price!
To be honest I only have Liberians previous Cey report of 2020 at hand .
I do hope you put your questions into Centamin?
Cowicahn has been working much harder on share holders behalf than some on here will ever realise , he is to be commended!
It would be improper in some respects for me to go into details in an open forum such as this and even if I did some would only be sarcastic, so bugger them, but as a results of recent events I can honestly say I have every confidence in Martin Horgan as CEO!
Tibbs
Mr T. Before we went into the EU we had a massive steel industry , a car industry and numerous other industries . In my town a huge steel factory employing thousands of workers , now comprises warehouses and the like, employing a few dozen people .
The EU hasn't really served us that well, the FTSE 100 hasn't progressed since the level of 6930 on 31 January 1999...that was despite EU membership for all of that time . The EU became nothing more than a trade vehicle for Germany . When the EU was ever in the news, the only person I ever saw on TV to do with it was Angela f*****g Merkel with Macron following her like a puppy.
Brexit has given us an opportunity to press the reset button and start again .. Whether or not Brexit becomes a success, will depend on how the Government responds, with regard to supporting our industries here at home. Personally, I would start off with creating a world leading electric vehicle industry alongside industries supporting the gathering momentum fight against climate change . In short , starting up our own industries here, free from EU interference rather than outsourcing the ones we have to them .
For every £1 of goods and services they buy from us , they sell £1.50 to us . Not a good equation for me.
All.of which as I said before has little effect on world Gold prices ..
Wiscos,I would like to hear how you bought 130000 of CEY today it would take all day to do that.
I liked that post Cowichan . It resembles the share price
Thanks for you comments Cowichan , much appreciated . I do actually think Centamin is a good place to invest and as my other posts suggests , I am hoping to pull off a stealth move , hopefully within months . The point I was making is that history suggests it isn't a good place to buy and hold for a long time . Its share price moves up and down like a heart beat.
Centamin passed my initial test of trading at a one year low , which is my strategy. I look out for shares which trade at one year lows , examine share charts , financial statements and company presentations and test them to destruction . It's only then that I decide whether to invest or not .
Centamin emerged positively (although not unscathed) from these tests so I bought a lot of shares at £1.03 (£1.00 after dividend) I will remain true to my proven strategy and exit at around £1.35 ish
No more comments from me regarding whether or not it is a growth share ..you know my views. I just need its share price to grow by 35% above my entry price and then I will head for the exit .
Good luck in your investing and thanks again for your views
Well that was a little different . Thanks for sharing . I have watched most of your other videos . Regards to Janine. I do like her boot scooter.
There are games afoot! I sold a chunk of other stuff and bought 130,000 CEY earlier at average 89.6. Have now sold just over half and made a nice cash profit. If it drops more will keep doing the same...
A bit scary .I am tempted to sell.I may have to sell to complete my house extension.https://youtu.be/yQ0G6GLehXs
It's rather amusing how incredibly wrong the brokers appear to be almost across the board. Whenever I've spoken to those who interact with them, they always tell me the brokers they meet are young, lacking knowledge about the business, and almost totally fail to grasp the real issues that will impact the business. And they always have an ulterior motive. The shorting community is even worse. They should be hung from their genitalia and force-fed doughnuts until the increasing weight of their miserable bodies rips their family bits right off. Only joking.
Thanks Mr T
Perhaps you could also table the history of the analysts predictions. There are distinct disadvantages in predicting the share price of exploration and mining companies accurately if one has never worked on a mine nor knows anything about what happens in exploration and mining. The analysts in Oz, seem very willing to predict to their wants, or the wants of their firm, as odd as that may sound. That is if they want to buy, they tell you to sell, and vice versa. I got a call last week from some well meaning men in suits wanting me to sell a wad of my uranium stocks, as the "time was right to exit" (mine was a heavy position). The stocks have risen 30-40% since receiving the hot tip. Funny about that...but of course I could have off loaded the lot!?
Prediction as a theme has been getting a flogging here in Oz. The Epidemiologists have been showing some clean heals to the Economists, and have been a bit too willing to throw out a raft of predictions, none of which seem to have been correct in the last 18 months (been a never ending spray though, exhausting stuff!). Epidemic forecasting has a dubious track-record, and its failures became more prominent with COVID-19. Poor data input, wrong modeling assumptions, high sensitivity of estimates, lack of incorporation of epidemiological features, poor past evidence on effects of available interventions, lack of transparency, errors in diagnosis of deaths, uncertainty about mode of transmission, uncertainty about masks and tyes of masks (etc), lack of determinacy, consideration of only one or a few dimensions of the problem at hand, lack of expertise in crucial disciplines, groupthink and bandwagon effects, and selective reporting are some of the causes of these failures..in summary, garbage in and garbage out.
Not sure what the modelling algorithms are like at Liberium, but I do have my doubts abiut their veracity and predictive ability.
good luck to the punters
best
the gnome.
Liberium Cey@82p
Yuen Low values
+44 (0) 20 3100 2091
yuen.low@liberum.com
Ben Davis
+44 (0) 20 3100 2083
ben.davis@liberum.com
Tom Price
+44 (0) 20 3100 2085
tom.price@liberum.com
Q2’21 production was 100koz at cash costs of US$883/oz
and All-In Sustaining Costs (AISC) of US$1,290/oz (Q1’21:
104koz @ US$733/oz cash cost, US$1,091/oz AISC).
Centamin is therefore on-track to meet its full-year 2021
target of 400-430koz @ US$800-900/oz cash cost and
US$1,150-1,250/oz AISC. We see this as an important
‘result’ in that Centamin has been investing heavily for
operational reliability in order to restore market confidence
in the company’s ability to meet guidance.
Egyptian Bid Round exploration licence terms agreed
Earlier this month, terms were agreed over three gold exploration blocks
(incorporating 19 licences) covering 3,164km2
) in Egypt’s Arabian Nubian
Shield (subject to final legal formalities, which Centamin expects to complete
in Q3 2021). Terms were agreed under the new Egyptian mining code,
following a tax, rent & royalty framework (28% tax, 5% royalty and 15% freecarried interest for the government), with the new licences independent from
the Concession Agreement (CA) for Sukari. We understand that one of the
blocks is around Sukari, suggesting potential to discovering satellite
orebodies within trucking distance of the plant. How this would work in terms
of the interaction of the CA and the new framework remains to be worked out.
Centamin
22 July 2021
we had modelled 88.0% for H1 2021, versus the realised recovery of 88.8%
(with Q2 at 89.3%).
H1 unit costs at lower end of full-year guidance range
Total cash costs and AISC came in at US$883/oz and US$1,186/oz in Q2
2021, for H1 averages of US$807/oz and US$1,186/oz – i.e., at the lower end
of Centamin’s full-year guidance is for US$800-900/oz cash cost and
US$1,150-1,250/oz, respectively. We had modelled US$868/oz and
US$1,216/oz, respectively.
Capex guidance maintained, but more H2-weighted
Capex spend in H1 2021 amounted to US$78.3m, but full-year capex
guidance remains US$225m – i.e. 65% in H2 (previously 55%), due to certain
payments being rescheduled to Q3 2021.
Balance sheet remains strong
As at 30 June 2021, Centamin had US$312m of cash and liquid assets (March
2021: US$331m), after the final dividend of US$34.5m and Sukari profit share
distribution in H1 2021 of US$45.7m, with no debt and no hedging. Detailed
H1 2021 financials are to be released on 5 August 2021.
Phase 2 of Sukari Life of Asset (LOA) review by end 2021
An updated structural model was completed for Sukari in Q2 2021, which will
be integrated into the full geological model in Q3 2021. An updated resource
estimate will underpin Phase 2 of the LOA review, which Centamin continues
to expect to complete by the end of 2021.
I think 82p is Liberum's prediction.
138p Berenberg
150p Peel Hunt
I take little notice or broker targets, they all have their own agendas.
I really thought with immense amount of volatility drowning us gold would be our safest bet... It does not look so right now... Instead of reacting to the doom and gloom of the markets it seems gold is wallowing in it... when the tide never goes out and never come in, how will we know when CEY has reached the bottom?
Explain where you get 82p from? Plucked from thin air I'd believe. What's the lottery numbers for this week seeing as we're at the guessing stage? Idiot post if ever there was..
Always been intrigued as to what sort of mess can be created in the USA, and whether the oirginal snake oil really did come from down south?
THE MISSISSIPPI SCHEME = between 1719 and 1720,
Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry ‘em down;
Divide the empty nothing into shares,
And set the crowd together by the ears.
Defoe.
Some things dont change
best
the gnome
I added at 89.58p.
It's not a pleasing sign to see the investments go down the drain. Thought they have hit the bottom few months ago around 100p, but looks like this is in a relentless downward trend. With the likelihood of a fall in gold prices in the short term, i suspect 82P target looks a possibility.
Major stock indexes traded below the flatline premarket on Monday as concerns regarding the renewed surge in coronavirus cases weighed on investors' optimism. The British government said that it will not make green passes mandatory to access crowded spaces. European Commission's Valdis Dombrovskis stated that all members of the EU are expected to return to pre-pandemic GDP levels by 2022.
The FTSE 100 was 0.10% in the red at 7:42 am CET, while the DAX lost 0.20%. The CAC 40 decreased 0.36%.
The euro dropped 0.17% against the greenback at 7:43 am CET, selling for $1.17906. The pound was flat at the same time, changing hands for $1.38196.
Breaking the News / MD
What a pity so many chat room posters never put any of their questions in writing to the company?
Why not support Cowichan by putting your questions in writing to Centamin Investor Relations?
Agreed this requires some effort but surely for anyone holding shares it's far better than relying solely on information from chat forums posted by people who may not be whom they claim to be.
Quite so Tornadotony!
Oh dear Sotolo!
“Could be worse. Not sure how, but it could be!”
"It’s the only could in the sky and it’s drizzling, right on me. Somehow, I’m not surprised!"
"I never get my hopes up, so I never get let down!.”
"Don’t blame me if it rains!”
"It is very much possible that I’m going to lose it once more, anyhow.!”
Cheer up Sotolo!.
You know what they say;
Some things in life are bad,
They can really make you mad.
Other things just make you swear and curse,
When you're chewing on life's gristle,
Don't grumble, give a whistle,
And this'll help things turn out for the best, hey,
Always look on the bright side of life,
Always look on the light side of life,
If life seems jolly rotten,
There's something you've forgotten,
And that's to laugh and smile and dance and sing.
When you're feeling in the dumps,
Don't be silly chumps,
Just purse you're lips and whistle,
That's the thing.
And, always look on the bright side of life,
Always look on the right side of life,
For life is quite absurd,
An. death's the final word,
You must always face the curtain with a bow,
Forget about your sin,
give the audience a grin,
Enjoy it, it's you last chance of the hour.
So, always look on the bright side of death,
Just before you draw your terminal breath,
Life's a piece o' ****,
When you look at it,
Life's a laugh and death's a joke it's true,
You'll see it's all a show,
Keep 'em laughing as you go,
Remember that the last laugh is on you.
And, always look on the bright side of life,
Always look on the right side of life,
Come on, Brian cheer up,
Always look on the bright side of life,
Always look on the right side of life,
Worse things happen at sea, you know,
Always look on the bright side of life,
I mean, what do you have to lose?
You come from nothing,
You go back to nothing.
What have you lost? Nothing!
Always look on the bright side of life.
https://www.youtube.com/watch?v=-BZzfLZXeAc
Beer Stalker
Yes I bought in around the same time at the then one year low of £1.03 before dividend . Yes I think the market over reacted to the bad news and like you I think the share price will stage a recovery at some point.
Of course just because the share price, in my view, is under valued, doesn't mean it can't fall even further , which it is doing. I will remain patient as I say, until it reaches around £1.35 ish and leave ..that doesn't mean I don't think it could go higher , it's just that for me , a 35% profit over hopefully no longer than a few months will do me just fine.
I am reassured by goldgnome and others optimism . I am optimistic too , but as you can see from their reactions to my postings , I am not as optimistic as they are , and that is fine.
Good luck to us all.
To be Candid,
I think you should cut your losses and invest in Tesla, and do it now. Lets cut to the chase, and dont invest in something you dont understand.
best
the gnome.
The problem Steve, and others who look back at the higher share price, is that, despite higher gold price, ounces are down and costs have risen so much that profits look likely to be more than halved, hence much lower share price. IF the company can get costs including capex down from their currently outrageously high levels AND get ounce mined back up which helps costs, then our price should shoot back up. However given Centamin history and historic mining inflation this is an IF. Plus mining investors are worried that gold will fall when interest rates rise, and that gold shares will tumble as usual when the market crashes and demands lower PE’s imho