Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Thank you Mr Zambianminer, your comments and contributions are always welcome and appreciated.
I do like a blue Friday for Gold.
$1,771
Well said mrtibbles.
Yes Market "It has become a trading share" it is obvious by some of their posts and lack of knowledge.
But we have to put up with them, these BB s are specifically designed for day traders ,for more commissions.
In reallity, gamblers not investors.
Shorting should be banned, it certainly undermines investment, but then the market loves volatility because it creates lots of panic trading and lots of commissions , most brokers aren't interested clients long term wealth creation , only haw may time they can take trading commissions from their clients!
It's not allowed to borrow someones car/house sell it and then buy it back to return to the original owner, yet this practice is allowed by the banks who don't even charge interest on the loans/leverage for the first 24hr period, neither is any stamp duty payable!
Sorry,
I should have added I don't think the market is not that smart
Have a great weekend all, masks on, and go for it like there is no tomorrow!!!
best
the gnome
Hi Market,
Fantastic to hear from you , it would be hard for anyone to disagree with your statement, especially considering your previous professional market experience and indeed your time in Centamin!
Far too much self serving family interests,nepotism and over promotion of unsuitable and inadequately qualified supposed professionals with too much glossing over the true facts, this with general lack of integrity to share holders on the part of some has resulted in Centamin scraping it's ar(se along the bottom of the bargain bucket instead of achieving its full potential and being up with the stars!
A farcical court case based on politically driven admitted lies and innuendo by a now exiled felon against Centamins partner EMRA stuck in limbo for a decade by a "Mad Hatters" legal system has provided an excuse to cast doubt over the validity the Sukari concession agreement resulting in a 20% reduction on the Centamins share price (market cap), then there is an outstanding $20 million or so fuel duty subsidy owed to Centamin as part of the original agreement which the government would need to pay back in agreed instalments, possibly via some reduced profit share, assuming some agreement is ever reached that is!
But at least with Martin Horgan as CEO sit seems many of the cans that have been kicked down the dusty road for so long are being picked up and dealt with at last and there is the professional ability and intention to deliver on the promises made so long ago to the so very patient shareholders!
Keep well Market!
WorldQuant will close/ reduce in my opinion, from watching how they operate on other stocks they do seem to short based on momentum, quantitative strategies they are not conviction shorters. Talking of conviction shorters I read recently Muddy Waters fund ($250m AUM ) has only made an 11% return since 2015 so looks like they are struggling to average 2% per year.
Cowichan
Yes, the Newmont takeover of GT Gold is a corker (for GT shareholders). Nearly as good as the Newmont $2.3 billion takeover of Fronteer Gold, which was a disaster, and in their own backyard!
https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/newmont-to-acquire-fronteer-gold-in-23-billion-deal/article564805/
Lets look at the GT Gold assets ... (read grade, read tonnage)
Indicated Resource of 298 Mt grading 0.28% copper, 0.36 g/t gold and 0.8 g/t silver for a total of 1.81 Blb of copper, 3.47 Moz of gold and 7.58 Moz of silver
Inferred Resource of 543 Mt grading 0.25% copper, 0.31 g/t gold and 0.7 g/t silver for a total of 2.98 Blb of copper, 5.46 Moz of gold and 11.64 Moz of silver
Because a company is big and has lots of cash to splash, does not mean they are smart.
BHP, Rio, Freeport....etc
CEY in great position. I am enjoying accumulating
good luck to us all
the gnome
Gold price going up
https://goldprice.org/goldprice.org
Equities in Europe traded higher in the premarket on Friday in anticipation of the European Union's latest report on the trade balance.
Meanwhile, Chief Medical Advisor to the United States President Dr. Anthony Fauci stated Johnson and Johnson's (J&J) vaccine against COVID-19 is effective against the Delta variant of the virus. Later, Moderna Inc. said its jab provides protection against the disease for at least six months.
The DAX went up by 0.06% at 7:28 am CET. At the same time, the FTSE 100 rose by 0.17%. The CAC 40 stood flat.
The euro grew by 0.06% against the dollar at 7:29 am CET to sell for $1.17379. A minute later, the pound sterling stood flat against the greenback to go for $1.38107.
Breaking the News / JR
Happy Friday y’al
I have been on this board for a good ten years plus , now redundant under the care of nurse ratchet. Centamin badly run and mislead by a member of the board for many years, great potential without doubt. But the smart investors play the stock , this great company has become a trading share relying on dividend payments to keep the average shareholder happy, the push to move from a one trick pony is essential and i truly believed in 2010 this was going to happen, but it has been a long wait. Love centamin and i cant help believing the loyalty of this board will be well rewarded. Market signing of x
Why would cey want to merge at a low SP unless there is a brown envelope to key people.
New CEO and a high profile chair, so probably on the road to future success given some time.
That's not to say merger or take over for the future but I hope it would be multiples of this and I prefer dividends for the next 20 years.. Anyway, sooner they they sort out pardeys mess the better and some good new s on the licences.
Hopefully EMRA are a defense also for t/o
Top up at 0.97
You are spot on.
Short termers do not bother posting.
You are just annoying and not much.
I have been sitting on the sidelines for W hole watching this share. Crikey how much lower can it go. Two positives for us. Retail investors and private equity firms are looking for underpriced shares, this is one massive one. Larger companies are looking for acquisitions, nobody would approve a takeover at £1.20-30. The board bought in much higher than that so would have to be £1.60-£2.50 which makes this a very exciting prospect. Investors on here, try to ignore the doom mongers, I’m absolutely sick of them. They’re on every board and simply gambling d heads. Good luck to all. Give it til September. Dividend will attract many. Rapidly rising covid numbers will push up price of gold. I work in hospitals across the uk so know where numbers are heading
Seible , IMO the market is notoriously bad at valuing companies - especially takeovers. Take GT Gold - it's 52 week low was $1.11 last November and yet it was purchased by Newmont in May for $3.25
So did Newmont overpay or was the market clueless ? I think we all know the market is full of clueless people...
BTW one of the orchestrators of that GT Gold deal with Newmont was Centamin's very own chairman - James Rutherford - I hope he's as savvy at getting a fair price for Batie West IF it comes to selling...
I am of the opinion Centamin is not for sale at any price.
Plunker said the same about FXPO in summer of 2020 when it was 180p and it is over 400p just now..
I hate it when people use the term folks...
Obviously I mean £1.20-1.30:))
Can we seriously be discussing takeover when there are so many uncertainties about the wall issue, licences etc? It's a question, I don't know the answer, but to me it would seem a bit odd. Would like the opinion of some gray-hairs, so to speak:) I would say a 1.20-1.30p takeover price is what one can realistically hope at the moment, unfortunately.
Topped up today. It’s at times like these, when sentiment is so negative, that I cannot resist investing more. CEY has been a very performer for me. I can only recollect disappointment followed by more disappointment since the day I entered. Unlike my other shares that have plummeted though, I still feel this one will come good in the future. Gold and CEY will come good, and I’ll just have to be patient I guess.
Don, yes, I get your point your investsorgal skills are excellent, if that word exists but "you get my point". :-)
still, you get the point !
I agree with you MrBond - Centamin got plenty to keep them busy.
Hemmed in was probably too dramatic but I do like to be flamboyant whenever possible.
As you say there is loads of elbow room!
Don't get me wrong, I do like the fact that Barrick is 'surrounding' us to the north, east and south - the more exploration done on the ground the better IMO
Yes. Especially if it yields 7% on dividends alone and has cash and no debt. I'd love a little takeover at 1.50 or so...