Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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. . . but WHEN?
CEY has become one of the biggest conundrums encountered.
Okay, there was the west wall fiasco.
The knock-on effects have however been largely inexplicable.
A higher AISC could be contributory.
Perhaps it will be mitigated by >$2,000/oz.
Cheers Mr.Bond you’re telling me what I want to hear but both could actually become reality.
Have a good b/h weekend, you’re lucky you’re there and not here as I think my dog needs a colonic irrigation... OMG!
Thank you Marmot for your explanation and indeed confirmation of the continued attempted gold price repression and manipulation by the usual Cartel members (BIS & Co) and also the exposed and underhand, but failed strategy by Liberum's "Shyster's in suites" to cause panic and crash the Centamin share price.
So many people are worried about becoming victims of financial fraud and yet they put their money/ portfolio's and their financial futures in the hands of the likes the shower of banking parasites that inhabit Liberum.
No doubt this will not be the last attack by parasites or predators whilst Centamin is regarded as at a disadvantage during the implementation of Martin Hogan's recovery strategy, but the window for predators attacks is become ever smaller as time goes by whilst Centamin becomes ever more fit and able to actually deliver on a sustainable output rather than lurching from one unexpected crisis to the next as in the past!
Also Basel 3 next month should help!
Have a good Bank Holiday!
Tibbs
Yes iglu Yr right...when gold is above $2000 nobody will listen to these stupid bearish brokers looking to let there mates in on the cheap...let the gold price do all the talking
Razors considering its the final trading day of the month and Gold at this moment $1900 .
Along with Bidens proposed 6 Trillion extra for the economy, things look well placed for Gold hopefully higher.
Lets also someone is interested in B/F.
Then all would look rosier. IMO.
Over the last year or so when referring to assets Martin Horgan has regularly ended comments with a similar remark along the lines of.... “ the asset doesn’t meet the company’s investment criteria.
I never commented (more because I don’t usually, than anything else)
It’s like the ceo was using the market update to suggest “we’d sell the asset “ to other miners.
Who knows what might happen in the future.
One comfort at the current time is gold is on an upward trend, it may be resting yesterday and today but I don’t believe it’s finished.
It’s a bit of a pain that the share price recovery has suffered a setback but I think it’ll recover in due course.
https://www.mining.com/investors-frown-at-centamins-west-african-portfolio-review/
My guess is that they and their acolytes will be somewhat disappointed on Friday afternoon and probably hoped for a bigger follow through decline and anticipated that today's BIS gold swaps and options expiry would add to the downward pressure. But the BIS hit on gold at lunchtime taking the price down $14.5 lasted only an hour before the price made an impressive surge back to unchanged.
Comex will be closed for the bank holiday on Monday which increases the chance of gold rising to start the new week and month. Gold is on course to close up for 5th month in a row and back to unchanged for the year. The key gold miner ETF GDX set a new high for the year at $40 this Wednesday.
Centamin will have better days and weeks to come. Have a good bank holiday everyone.
Amun / Ptah: Detailed review of the geological database indicates that there is approximately400koz of inferred material located close to existing underground mining infrastructure in the Amun and Ptah areas of the underground. A programme is underway to upgrade the classification of this material with the aim of supporting an assessment of its potential for mining. Given this material's proximity to existing underground infrastructure, if ore delineated can be quickly brought into the mine schedule, not only increasing the reserve base, but improving operational flexibility with limited development costs. (This is where my 150,000 ounces I mention earlier comes from being converted from inferred to proven reserves).
Also signals Central Bank buying! Headlines Bloomberg commodities.
Now got to be a strrrrong Buy!! Spot and Comex just up. Good entry point in my opinion. My wife holds some but I need to buy as I sold sold some at last tax yr end to real back in my Capital gains for the year.
Gold over $2000 will sort everything out..and that’s where it’s heading...don’t panic & buy the dips.
Should turn precious metals to a higher level in half an hour? Fingers crossed. And that's before Biden's open wallet spending!
Lol. That is sure to fire him up CHRI55 !
Where are you? He used to post practically every day about CEY! Anyone?
Everyone has different strokes Mr Bond. That's the beauty of a BB. I post to be either agreed with or contradicted or told to shut up. Spendid stuff.
Every time this company has a blip, there is always a rush of new ,self proclaimed ,"Statisticians" ,explaining the reasons for the SP to drop even lower. ;-)
Strange. Lol.
Hi Sotolo. A very rarely watch the opening bell on L2 but did so yesterday and sold at 8:02 for 1.18956p . As I said , thanks to the poster who alerted re the ridiculous 82p valuation. I will wait for things to calm down.
Shanta looks as if its the only riser. Poly, Fres, Humm, HOC, Serabi, AAZ, Greatland etc all down. Centamin is not alone getting hit.
So frustrating to watch a month's or so profit wiped out in one day on what it seems to me was good/neutral news. POG at $1900 just adds to the frustration - we are basically at the same levels where we were when POG was $1670. Ridiculous. Does anybody have any idea about when the new licenses might be awarded. I think there were posts a couple of months ago with links to Egyptian press saying that there was a lot of progress in there. Don't know - really starting to thing that a bid with 20% premium will save us all from this misery.
Quite so Momo2058,
Although I heard yesterday that the Liberian comedian is working to an agenda, Mr Gnome has the firm summed up perfectly, in a perfect world certain facts wouldn't be know to brokers analyst's prior to official realise by the company, but with a company the size of Centamin and considering the number of "Rat's in the kitchen" in the past, not to mention how leaky things can be in Eygpt it would be naive to assume the release of this note was'nt part of a carefully planned and intended undermining of returning market investor confidence as a result of Martin Horgan's strategy for the future.
Unfortunately the distrust and suspicions caused by the years of Pardey and associates inept mine management,inconsistent performance and deliberate withholding of facts ,or even deceit of share holders and the market has made it all to easy to get a bad opinion accepted about the comapny, rather than a good one, Liberian have exploited this perceived weakness whilst they are able to for whatever reason.
Martin Horgans announcement seemed to be an honest acknowledgment of the state of the West African assets and his intent to concentrate on what is in the best interests of Centamin and dispose of anything that is'nt.
Tibbs
Thank you Mr Tibbs. Some may prefer a %age levy but we are where we are.
Personally it doesn't seem too bad.
All costs covered and 50% split of the surplus after royalties but no tax.
Sentiment changes fast, in my opinion the damage was done due to the ridiculous broker target and not the rns. Nothing is 100% regarding the asset in Africa. They might even oven ready it and sell it concentrating on new assets in Egypt. If they get licences for surrounding lands to Sukari that would be fantastic. All other brokers employ a buy rating much higher than today’s crazy price....it’s a good entry that’s for sure
Marybr190 understood but the topic is Fair Value SP not valuing a Company.
There may be similarities but the two are not same and should not be confused
Of course the Fair Value SP consists of facts + subjective / reasoned variables
It is a calculation from which a maximum, minimum and likely can be produced.
As Tornadotony and Sotolo have kindly explained
Nothing to do with Market Price.
Aha playingtheoods, maybe I bought the shares you sold yesterday morn, I payed 114.6
AS usual a well reasoned explanation. Thanks Sotolo.