The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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OK - Old news. - Interesting though that they are to work with other participating exploration & mining companies, over the period of 1 year to finalize terms. - 1 YEAR !!!!! - So, don't hold your breath, especially if it's an Egyptian year. - It's going to be some time before we see this news reflected in the SP I feel. -
http://www.barrick.com/English/news/news-details/2021/barrick-secures-egyptian-exploration-licenses/default.aspx
Thanks Mr Bond, if there is a shady deal going on then old Sawface will be uoto his neck in it!
https://enterprise.press/stories/2021/07/28/la-mancha-fund-aims-to-raise-usd-300-400-mn-investments-48151/
Better to buy a bordello franchise?
Australia is paying the price for it slow vaccine rollout (won't go on the blame trail, but its the usual suspects) and the Gold Miners have warned of steep rises in production costs because of labour and skill shortages exacerbated by random (but of course divinely inspired?!) Intrastate and International border closures (in a pandemic, any government border will do?). Would anyone self respecting Geologist want to go bush? etc and if they did what would they discover, given all of the low hanging fruit has been discovered/
Newmont chief executive Tom Palmer said the company was expecting cost escalation of up to 5 per cent for materials, energy and labour as the COVID-19 pandemic drove inflation around the globe. He maybe conservative, as inflation has popped up with (a spike obviously, LOL)....a 3.8 per cent annual rise in the consumer price index which will not trouble the RBA...who know not what they need to know (how the world works).
So the cost of mining goes up (significantly), the cost of discoveries even more... and has already gone up significantly and will continue to soar, and the price of gold, controlled by the ..xx people.. will do what the ..xx people.. want, until there is a significant disconnect, and then the price of gold will lurch forward, as the shorters and the rorters get caught out?
Well my tip, .... the POG must rise, or the game will be up, and I think all prefer the gold price to go up, especially those in China who are the worlds biggest gold producers and hoarders.
"The bells of hell go ting-a-ling-a-ling for you but not for me"
The POG will go ting-a-ling-a-ling-a-ling for us, all but not for some?
best
the Gnome.
Shares on major European stock markets were mixed during premarket trading on Wednesday with corporate earnings season and the Federal Reserve's upcoming monetary policy statement in focus.
Earlier, Deutsche Bank posted a higher-than-expected profit for the second quarter of 2021 and raised its revenue target for next year. Meanwhile, the Fed was set to announce its latest policy decision with investors gearing up for possible hints on when the central bank might start tapering its asset purchases.
The DAX rose 0.22% at 8:00 am CET. In Paris, the CAC 40 declined 0.11% at the time . Finally, the FTSE 100 was flat.
Breaking the News / JC
Happy hump y’al
Gold currently + .39%
Enterprise News Egypt. This morning.
Check out Sawaris now turning La Mancha into a fund ,buying small to medium sized companies in financial difficulties.
Good ploy if mugs invest !
I second that Mr Bond,
Also of interest- Some Investors have no idea of the operating costs/risks incurred by the miners they are invested in?
Rick Rule, president and CEO of Sprott US Holdings Inc, joins Small Caps to share his views on the gold and uranium markets and where he sees them heading in the coming years. For Small Caps subscribers, Rick Rule has offered to look at your portfolio and rank it from his perspective.
https://www.youtube.com/watch?v=Lwohm_D79Hw
Thanks Rebess good interview with Andrew.
I don't understand your Apologies bit, but it dosn't matter.
I have been in Restaurants in Cornwall with those City Spivs, sooner they take a hit the better.
Total arrogant b/sards.
It's funny how Centamin's affairs are still being connected with Endeavour's. - They were the pariah that had the nerve to attempt a takeover of Centamin, ably aided and abetted from the inside. - More to it than meets the eye I'm thinking. - Mind you, it wouldn't be Centamin and it wouldn't be Egypt if there wasn't.- Someone earlier suggested that the worse is now behind Centamin. - I'd wait until after Q3 before venturing such a suggestion. - Q3, the 'Truth' quarter, has yet to play out. - It's when we'll find out whether the fancy icing contained in the narrative, is after all just bullsh*t
Hi Duster, no disrespect intended I fail to see how it can be priced in because as yet its really only the signing ceremony that has been publicised , the negotiations now are now ongoing regarding the final terms,and if they can't be agreed on then there won't be any development, or mining taking place .
Also at this stage no one knows anything for certain about the allocated areas, AISC, grades, etc,etc, apart from some blokes posing with a pen which means very little as long termers here realise , nothing has changed, despite what is announced in the Egyptian media nothing is certain until it actually happens, and from past experience that can take a very long time, so with with that in mind even the slickest broker or analyst would be talking out their rear end if they claimed to be able to price anything in anything apart from what we already have at present, simply because the quantity, quality and indeed timescales of production and when and if it ever starts are all unknowns.
Sincere apologies to Mr Bond but I think he will enjoy this.
https://www.youtube.com/watch?v=-wKe5BRFnzw
Why not listen to US Congressmen speak about the Digital Era - the hearing is humorously named
“Cryptocurrencies: What are they good for?”
https://www.banking.senate.gov/hearings/cryptocurrencies-what-are-they-good-for
note: skip to 15 minutes in
Summary: congressmen have been spurred to act/speak out on behalf of the Big Banks monopoly - follow the money!
Our #strategy is clear and consistent: maximise long-term FCF generation, maintain an active growth pipeline and deliver sustainable returns for our stakeholders. This is achieved through our 5 Strategic Pillars. Read about each pillar here: https://loom.ly/Zg-vzms
https://twitter.com/CentaminPlc/status/1420044038170980353
------------------------>>>>
And some random, overly-concerned investors reply:
Pillar 5 "...good governance, ethical conduct & transparency"
transparency = disclosure
CEO Horgan - disclose Batie West's true resource incl 600k m drilled at Napelepera & Wadaradoo b4 divesting to @EndeavourMining for less than it's worth
@BlackRock_UK @Buchanan_PR @mining
https://twitter.com/DonLawson_/status/1420054558428987392
Note: rumor is this random guy is still waiting for a response from Alex @ Centamin's IR dept for the last few months... he has learned not to expect one, though
That's true everything should be priced in & markets are forward looking into a recovery I think. The worst is certainly behing CEY now one would hope. Remember we are still way over 100% away from the highs of last year so at these sp levels it's a bargain dividend paying share with huge upside potential
Hi Siko,
Hope all is well with you!
I take it this just the official announcement for publicity purposes, final contact terms are still to be negotiated and agreed by both parties. just as Centamin are doing at present.
Thanks Siko. - Hope you are well. - Good luck
https://economyplusme.com/71458/
Barrick Gold signed their contract with Egypt.
You can understand how "Sawface" became a billionaire, he is good at making things look far more attractive on the surface than they actually are!
No doubt some will see this as an attractive offer, however after Cowichan was good enough to post I made some inquires,
Although there is a glossy exterior the reality is It’s just an interesting development in their business strategy – inviting external investment, i..e not their money if it goes tits up!
From a well informed source --"It’s important to note that US$1.3bn of the US$1.4bn is already invested in Endeavour, Golden Star and Altus , it appears some people have read the news to mean La Mancha has US$1.4bn of capital to invest in new precious metals projects.!"
Its staggering the poverty there is in Egypt yet there is an upper class like Sawiris and other rich families that are always claiming to love Egypt yet do little e to help improve the lot of the poor whilst bleating that they themselves despite their billions are hard done by!
Quite so Mr Bond, it doesn't hurt when you are chucking share holders money down the lavatory for the directors of a company on the scale of Rio, especially when you get a bonus for not doing your job properly , an excellent bonus for doing what you should be doing anyway and an exceptional bonus if by luck things should go well!
Having said that after the mess that Pardey created at Sukari he should have got a pay cut, certainly no bonus shares and that lazy bugger Youssef should have been sent down the yellow brick road long ago!
I fail to see how former the qualifications of an Egyptian police captain are really that relevant in managing a gold mine!
Goldgnome I agree ,their have been many f### ups with shareholders funds.
IMO CEY did right offloading Acacia .
HAVE A GOOD DAY all.
Major European stocks registered losses in the premarket trading on Tuesday as companies continued reporting their financial results for the second quarter of 2021.
Following the closing bell on Wall Street, tech giants Alphabet and Microsoft are set to publish their corporate earnings. Meanwhile, Bitcoin had a turbulent day by making a leap past $40,000, only to return to around $37.000 shortly after.
The DAX lost 0.18% at 7:21 am CET, while the FTSE 100 fell 0.15%.
The euro stood flat against the dollar to sell for 1.18019, while the pound gained 0.06% to $1.38268 at 7:22 am CET.
Breaking the News / ND
Rio has made some mammoth st%ff ups. The Mongolian disaster is enough to sink most companies, I doubt whether it will return its capital?
Great development teams are few
best
the gnome
Not a strong portfolio, best to offer to the public!
A look at [sixteen] equity returns of mine developers in the 2 year period to commercial production and 1 year post production. 13 of 16 developers gained on average 77% to production and 11 of 16 held those gains for an average of 93%.
Buying the right developers works. $ORE; $MOZ; $RIO; $LGD, $OSK and $ITR
https://twitter.com/RonaldS_AuCu/status/1416133573392863237
--------------------------------->>>
Note: a chart of all sixteen companies included on Twitter link