The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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No doubt Adrain77 will have some purile unsubstantiated deramping comment or is he hiding behind the sofa.
It isn't just Centamin, though, Cowichan. My Canadian miners have been smacked; look at Pan American Silver - just as awful as Fresnillo, if not more so. It is a time for building postions in gold and gold miners at the moment. There are good opportunities for traders in this market, but for long-term holders, the benefits will come from next year onwards when there will be great political unrest. I just hope that when gold does begin to take off and those longer term holder of Centamin finally turn a profit, they don't sell up too soon and allow someone else to make all the money. It's best to keep holding, invest the dividend, and sell those shares when the crowd appear and say Centamin to £10. It happened recently with Bitcoin on this board - we were accused of being old fogies and unsophisticated for not buying Bitcoin. Where are our tormentors now?
It's frustrating, I know, but that's just the way of gold. Good things don't come easily.
Major stock indexes were higher premarket on Thursday as investors prepare for today's Bank of England interest rate decision and the economic data reports.
The FTSE 100 traded 0.16% in the green at 7:57 am CET, while the DAX grew 0.32%.
Both the euro and the pound were virtually flat against the dollar at 7:4 am CET, changing hands for $1.19257 and $1.39618 respectively.
Breaking the News / MD
#CEY is my top pick for what it’s worth having turned down a much higher bid fairly recently...
https://twitter.com/DavidBurton1971/status/1402875225885323266
Share tip: #CEY (hold) Centamin has been a serial disappointment, but even its curtailed targets for this year imply...
https://twitter.com/TelegraphInvest/status/1399627053645897729
Interesting to see #CEY pull back this week. Despite putting out good looking exploration updates...
https://twitter.com/GeologyCharlie/status/1398624945438183426
Here's my piece on $CEY 5%+ dividend yields nd that is one reason...
https://twitter.com/Macro_Think/status/1402642617268064261
The Centamin $CEY share price surged in 2020 only to fall back down again. What's causing this...
https://twitter.com/ZBoyrazian/status/1401253777605378051
Got to say, I’m getting very annoyed with my favourite gold stock. Small swings up on big gold price rises and huge dumps on small gold price drops...
https://twitter.com/Brandon121Walsh/status/1397854978862157826
$CEY Centamin to start pre-feasibility study at Doropo project following review of West African exploration portfolio...
https://twitter.com/proactive_UK/status/1397824407603757057
Agreed Mr T. I think it is good time for people to review where and how they get their information. A lot of it is misinformation, ...poorly informed, has remarkably little scientific veracity or input...etc... The covid related reporting has been a case in point. In Australia people watching the TV are now on a fever pitch form of hysteria (the mass media is really little more than the mass hysteria here) about the virus 24/7, not realising that more people are dying from the "normal flu" and pneumonia, or in fact the vaccine of choice (which our politicians do not take?) for the over 50's or over 60's as it is now.
Following the above, one of the more informative sites for covid related is below
https://thebulletin.org/2021/06/caltechs-david-baltimore-discusses-the-debate-over-origins-of-sars-cov-2/
Why is there not more infromative discussion and debate on gain in funtion research?
Its a strange worled where we can have access to so much information at the touch of the screen, yet so much is useless, life drianing, life wasting and dare I mention manipulative. I feel for the Lemmings
best
the gnome
I think b2 gold would be a very good fit with CEY. The synergy in West Africa. The development capacity of the team in b2. The balance sheet and cash flow would be a lot stronger. Both have a committment and tethos of paying out a dividend. There would be admin savings, and a single stronger board, with a few seat warmers moved on.
best
the gnome
June 23
Capital (LSE: CAPD), a leading mining services company focused on the African markets, announces that Brian Rudd, a founder and Executive Director of Capital Limited has indicated his intention to sell approximately 3,000,000 ordinary shares in the Company which represents approximately 1.6% of the Company's issued share capital.
https://www.**********.co.uk/rns/announcement/64fc54b0-5511-400c-80d9-335ce87ecf71/
Note this is subsequent (read hot-on-the-heels) to Capital issuing fresh company shares to finance the open pit waste clearing project at Sukari. This transaction, however, is a personal disposal of existing shares held by Rudd.
Also note Capital has contracts with newcomer Altus Strategies in Cote D'Ivoire & now Egypt from 2021 onward (Naguib Sawiris being the major shareholder in Altus) and existing contracts with Endevour Mining in Burkina Faso & Cote D'Ivoire (Naguib Sawiris as well...)
That makes Capital and Rudd privy to loads of insider info.
Reminder: Buchanan is the IR company for both Capital and Centamin.
https://www.capdrill.com/media/investors/Presentations/CAPD-FY-2020-Results-Presentation_FINAL-20210319.pdf
https://twitter.com/DonLawson_/status/1407752315658928132
Anyone considered whether B2Gold $btg should work with Centamin $cey ?
Just throwing out thoughts, centamin also have an interesting but maybe marginal west african portfolio. B2Gold might be able to work it.
Waffling it may be however
"the upticks in the GOLD prices were further bolstered after US Federal Reserve Chairman Jerome Powell confirmed that interest rates would not rise too quickly, based only on the fear of coming inflation. The fresh dovish view of the Fed acted as tailwind for GOLD. This turned out to be one of the key factors behind a sharp uptick in the prices of the yellow metal."
Just hope it continues
June 20
In this #WorldRefugeeDay , I thank the Special Envoy of the High Representative of
@Refugees Angelina Jolie for her visit to #BurkinaFaso .
This visit is an eloquent testimony of friendship and affection towards the Burkinabè people.
https://twitter.com/rochkaborepf/status/1406739066213838851
I agree Mr T!
off to the races IMO - let's go!
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As anti-democratic governments and other actors weaponize social media to harm us, it is on us to protect freedom of expression and our information ecosystem. Clear, transparent regulations are needed now more than ever. This conference is designed for us to find the best ways to do that.
One of our most recent reports has shown how, one year after the start of the pandemic, Facebook is still failing to protect Europeans from dangerous COVID-related disinformation (Politico, Vice, Forbes, Le Figaro, El País, Repubblica, Estadão). Our work has contributed to convince the EU of the need for more ambitious action.
But now we need to make sure that these proposals are not watered down. The Avaaz Webinar on Thursday will show them that citizens are watching!
https://www.eventbrite.com/e/towards-a-paris-agreement-for-disinformation-tickets-158408503097?aff=AvaazMembers
Hi Mr Gnome,
Re Deutsche Bank AG trader to a year and one day in prison !
When you consider how much this case will have cost and how many times the Deutsche Bank have condoned allowed or instigated this type fraudulent activity the sentence is an absolute joke!
Ordinary people get far more severe sentences than this for what in comparison is petty crime!
Deutsche Bank should be taken to court and a few 5-10 years sentences handed out!
Also Deutsche Bank should have its trading license suspended for a time!
Hi Mr Bond,Mr Gnome and other member who have posted on this,
Today's governments do excel in "Waffling" "our own PM Boris Bullsh*t) is a master of the craft perfected from writing copious amounts of it in the UK mainstream media. this skill is now used most days during prime ministers question time to avoid giving a truthful or straight answer to the leader of the oppositions question, instead Boris Bullsh*t grins and grunts before uttering a stream of completely irrelevant "Waffle!"
It appears that the market is in forever waiting mode for the next Jeremy Powell/FED statement which is almost certain to be yet more "Waffle" but providing the market with the perfect excuse for churning the shares one way or the other!
As Centamin share holders are now painfully aware Andrew Pardey has proven himself to be unquestionably inept at running Sukari,although his mastery at "Waffling" and his ability to "Keep kicking the can down the road!" are undeniable!
Gold prices rose on Wednesday after U.S. Federal Reserve Chair Jerome Powell pledged to keep interest rates near zero for some time, although gains were capped by a slight uptick in the dollar as investors waited for further clarity on inflation.
Elsewhere, Russia's wealthiest man Alexey Mordashov disappointed mining traders by pulling Nordgold's stock market float because of swings in the gold price,
That may have to be a chocolate e-Type Jag or a Dinky toy.
Major stock exchanges in Europe were mostly flat in premarket trade on Wednesday as investors awaited manufacturing and services data reports for Germany, the Eurozone and the United Kingdom, due to be published later in the day. Yesterday, European Central Bank (ECB) Executive Board member Isabel Schnabel projected that the euro area inflation will reach its peak at the end of the year, while the European Commission approved Italy's €191.5 billion economic recovery plan.
The DAX and the CAC 40 were flat at 7:21 am CET, while London's FTSE 100 increased by 0.08% at 7:25 am CET.
The euro was 0.19% lower compared to the dollar at 7:26 am CET, trading at 1.19182. The British pound lost 0.16% against the American currency, going for 1.39265 concurrently.
Breaking the News / MS
Happy hump y’al
The language coming out fo the Fed is once again up to to the totally incredulous standard it used to be when Alan Greenspan used to mumble chaotically (borderline incoherent) to the bretheren. One day the Chairman of the Fed uses the words that we are living in times of EXTREME UNCERTAINTY (this implies there ecomoic models have no predictive power)...thats not just uncertainty but EXTREME uncertainty.
Now we hear words like...
Powell admitted that these temporary effects on INFLATION "have been HIGHER than WE EXPECTED, and they MAY turn out to be MORE PERSISTENT than WE EXPECTED."
However, he did state that the incoming data is still CONSISTENT with the view that these factors will "WANE OVER TIME" as the Fed continues to monitor them carefully. "We SEE STRONG DEMAND, while the supply side has been CAUGHT A LITTLE BUT FLAT FOOTED."
LOL, I would place more faith in the Easter Bunny delivering me an e-type Jaguar next April, or better still a ton of gold!
best
the gnome
A Chicago court has sentenced a former Deutsche Bank AG trader to a year and one day in prison on Monday on fraud charges for manipulative trading in precious metals futures, saying the scheme undermined confidence in the markets.
According to the Reuters report, U.S. District Judge John Tharp Jr stated that the sentence for James Vorley, 41, from England was warranted to broadly deter other traders at banks from manipulative conduct.
He went on to say "Everyone who works in the financial markets has to be reminded and understand that attempts to manipulate the market by any means will expose them to substantial criminal sanctions,".
Prosecutors noted at trial that Vorley and his ex-colleague Cedric Chanu defrauded market participants by placing and then cancelling decoy orders to move commodities prices between 2008 and 2013.
Chanu, who is of French and Arab origin, was convicted on seven counts of wire fraud and is scheduled to be sentenced on 28th June.
Avi Perry, assistant chief of the Criminal Division's Fraud Section, argued for a sentence of four years and nine months, saying the sentence was needed to deter others and restore faith in the markets.
"The conduct here perpetuates the perception and unfortunately, the reality, that our markets are unfair," he said.
Vorley and Chanu participated in a multi-year conspiracy to defraud other traders through spoofing, this
you might want to watch this --> (start watching 2:30 minutes in)
https://youtu.be/-whuXHSL1Pg
Then perhaps read this thread too -->
https://twitter.com/Frank_Giustra/status/1407430570322272257
What more too expect, a load of waffle ,that is rubbish.
Platitudes to keep everything on a FED even keel.
Nothing here too see ,move on.
WASHINGTON, June 22 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday reaffirmed the U.S. central bank’s intent to encourage a “broad and inclusive” recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.
"We will not raise interest rates preemptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances," Powell said in a hearing before a U.S. House of Representatives panel.
Recent price increases "don't speak to a broadly tight economy" that would require higher interest rates, Powell said, but come from categories "directly affected by reopening" of the economy.
In setting upcoming monetary policy, the Fed chief also said the central bank would keep its eyes focused on a broad set of labor market statistics, including how different racial and other groups are faring.
"We will not just look at the headline numbers for unemployment," Powell told the members of the House Select Subcommittee on the Coronavirus Crisis. "We will look at all kinds of measures ... That is the most important thing we can do" to ensure the benefits of the recovery are more fully shared.
Lawmakers pressed Powell on how the Fed was balancing rising inflation risks with its promise to ensure the economy recovers all the jobs lost after the onset of the coronavirus pandemic.
"We have unstable employment and higher inflation," said Representative Jim Jordan, an Ohio Republican, referring to the Fed's congressionally-mandated goals of ensuring maximum employment and stable prices. "Something has to give."
https://www.reuters.com/business/us-lawmakers-likely-press-powell-feds-hawkish-turn-2021-06-22/
Sorry, got my Benns and Foots mixed up - just come in from the garden, thinning the Victoria plum. Mind numbing, as you can see!