Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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NFP 943k above 870k estimate.
July unemployment falls 5.4% VS 5.9%.
Avg Hourly earnings +0.4% v Jun +0.4%, +4% YOY.
Pretty sure EDV peer group is the "top 10/15 gold producers" as they showed on their CMD. May not be showing Centamin because they don't fall within that peer group?? Possible? https://www.endeavourmining.com/investors/capital-markets-event
Hi
As a share holder here and GGP l am well aware of the corrupt way gold is manipulated, basel 111 looked the answer for us, but no the crooks are finding away round it, hope it bites em in the
a***
Shares on the major stock market indexes in Europe traded mostly flat in the premarket on Friday as the investors digested the latest batch of corporate earnings.
While pharmaceutical companies like Moderna, Regeneron, and Novavax posted results the day before, ING and Allianz both boasted strong second-quarter performances ahead of the session's start.
The DAX and the FTSE 100 stood flat at 7:45 am CET. The CAC 40 concurrently slid 0.06%. The euro and the pound lost 0.09% and 0.1% versus the dollar, selling for 1.18238 and 1.39172 at 7:48 am CET, respectively.
Breaking the News / BU
Happy Friday y’al
Hi Halfpenny,
You are absolutely right in everything you say about the manipulation of the precious metals prices and all part of the special relationship between the FED and the UK LBMA that the general public are ignorant of!
It is obvious now that Brexit was seen by Farage, Jacob Rees Mogg, Boris and other senior Tory party members as possible means of the UK City, LBMA avoiding compliance with Basel 3 along with the rest of Europe in order to keep the money making Comex scam going!
Rebess has a good point, they won't give up this manipulation any time soon, the City are already finding new ways of working to get around the Basel 3 requirements with our government and the BOE as complicit parters
Certainly makes a mockery of so called market regulation!
PM's have to be kept at a low price to give the illusion the fiat money is actually worth something if PM's were allowed to roll without manipulation they'd be many multiples higher. But it's getting harder to keep them contained imho.
A history lesson for the PM newbies :-
Comex gold contracts were brought to life in 1974. Correspondence between senior officials in and advisors to the Nixon Administration discussed the need to create an “investment” vehicle to “capture” institutional investment money directed into gold in order to prevent the rapid rise in gold after President Nixon closed the gold window.
In a nutshell the whole Comex system is corrupt with insider influence between US and the UK creating bogus orders. This is not allowed but I've seen first hand that it sure does happen.
Since the introduction of paper gold, the Comex -- gold and silver trading -- has evolved into what can only be described as a caricature of a “market.” The open interest in gold contracts is nearly 10 times the amount of physical gold reportedly held in Comex vaults. It's 60 times the amount of “registered” gold, the gold designated as available for delivery. ...
The shenanigans in POG over the last 2 years seem to blight other companies. IMHO some serious manipulation is going on there. However many shares are bought each day, any rise is smothered by an apparently endless supply of sells however low the price gets. At least the shorters will have to close at some point and with 6% of the stock on loan and 29% held by one investor, there is quite possibly going to be a major bear squeeze at some point.
Hi. It should be known as Conex not Comex meant to be supply and demand but no way..
Hi halfpenny
It has so far and I can't see them giving up on this milch-cow easily. - Base 111 or no Basel 111. - It is a way of taking advantage of a no-risk venture that always pays-out. - No sir, there'll be no laying down and accepting fate on this one. - IMO
Paper manipulation de rigor but it can't go on forever..
Not helping matters.
Look how we move so fast with some buys, would make sense for a small buyback programme, especially with the cash reserves Centamin have.
Bank of England to maintain 0.1% interest rate
895 Billion Bond purchases
Hi Sotolo thanks for posting your heklpful objective and well substantaited view on reasons for the SP.
Sadly the narket seems to focus on immediate cash now and not what is a clear and obvious future value.
02/09/2021 - https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=cey
When is the ex divi date please?
MrTibbles,
RE the truck bodies, that was my understanding from the call also. Lighter, greater load capacity, decreased tyre wear and emissions produced. Bodies being produced locally, benefitting Egypt as well and CEY. What goes around comes around.
Hi Paulmeet,
You aren't wrong about Martin Horgan , he is a completely different CEO to Pardey in just about every way, certainly no can kicker!
Cowichan's find on the trucks was particularly interesting, especially as the new load bodies they are being fitted Fitted with are 20% lighter,stronger, longer lasting and have greater load carrying capacity , but if I understand things correctly using them will result in less wear on tyres and increased fuel efficiency!
Even better these new bodies don't have to be imported, but are being produced in Egypt so ARE easily available and also providing new jobs and contributing the local economy.
Having just finished listening to the H1 results call, I personally found a lot to be positive about. I have 0 mining knowledge, so stand to be corrected on any points, and welcome alternative thoughts;
Costs remain static whilst having processed 22% more material
Cost saving projects have already achieved $56m of $100m target. Review of the processing plant for further cost saving options.
High spending on waste removal and solar project account for significant spending in H2 '21, with obvious benefits.
Solar project cost projected at $37m, saving $9m PA once up and running. Lifetime of Sukari being 12 years leads to long window for returns, especially considering where fuel / energy prices could go in the future.
Plenty of ongoing work to identify new project opportunities. Long term indication that Hogan has had good experiences in Sudan, but confirmed that CEY has plenty enough on its plate at the moment.
Doropo project drilling update due Mid 2022, with exploration of sites around Sukari (North and South) covering 3000 Sq. Km.
Overall FCF remains viable with gold price down to $1,500/oz.
Continued investment in workforce
No environmental incidents
On track for FY 2021 targets.
Negatives -
Further work on clearing the unstable open pit section planned for H2, problems here could cause an impact for H2 / FY 2021.
Deeper sections of Sukari not showing as high a gold content as upper sections (Can someone confirm this interpretation?)
Hi Paul
Agree, Martin Horgan is an unknown quantity at this time and to be fair, needs some time to prove himself one way or the other. But, he is just the CEO, following on from previous CEO's. - They take orders and guidance from others. Considering the sabotage and vandalism that took place under previous management raises the question as to the 'Ethos' that was in place that dictated/allowed such behaviour. - The big question for me is whether this Ethos is still in place. - If it is, Martin Horgan will have to toe the line just as others had to. - The jury is still out for me. - Time will tell.- Q3 is the truth quarter, let's see what emerges.
I think most of what is in the results has been expected. Id like to give a slightly different POSITIVE! look at the not too distant future. We are all hoping that Martin Horgan is a decent bloke, especially after what appears to have gone on at Centamin prior to him taking over. We also hope he knows his onions. Lets just suppose he is keeping his cardsclose to his chest for now and look at what COULD happen in the not too distant future.
(1) The new licenses will be signed off.
(2) work will progress clearing away the mess from previous years
(3) The energy saving and the Solar will start to kick in
(4) Just supposing, as I have no idea of its worth--------------that Batie West sold entirely , or some sort of agreement reached where it is sold at a discount but Centamin takes a % of any future profits. If it was sold entirely, then the money could go in the bank and/ or maybe used to fund a dividend.
There are a few other things that would be nice. Sorting out the court case being one!!! :-) . Gold slowly making its way upwards would be another nice one.
Didnt Cowichan find out that Centamin had taken delivery of some new Egyptian built trucks with others in the pipeline?
That is saying that things are looking to pick up ?
Anyhow, fingers crossed and hopefully the next 3 to 6 months things will start to get better.
Nice £3000 divi coming my way..
All aboard the cey choo choo as she's about to leave the station.