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Sometimes miners move pre-emptively. Miners have underperformed recently even though the gold price didnt really move indicating to me that the people buying miners anticipate a correction in the gold price. Now that a large gold price correction has occurred the gold miners may be anticipating higher gold prices in the future, again pre-emptively.
In the past two days gold has continued to slide and yet Centamin has rallied quite sharply. I try to follow the many excellent posts on this board but I don't understand why this has happened. Is there to be good news in August - or what? Could someone please enlighten me?
282 kg is a very low number. Q1/18 averaged 407kg/shipment & production 124 koz. Q2/18 shipments averaged 350 kg and Production 92 koz. As I mentioned earlier, Q3/18 shipments may have to average > 400kg to give a production of 135koz & Q4/18 shipments may have average> 450 koz to get > 155koz. Then only Year 18 could reach about 505koz. Of course this is only a very approximate guestimation.
Can anyone tell me if CEY's PE is calculated before or after profit share?
yes our divo will be down and gold still falling, in face of expected rise in interest rates
HOC results today which interesting to compare to CEY as v similar size.
HOC predict mining 514k oz, CEY 505-515k oz so identical HOC aisc 975 CEY 825 so CEY much better
so with gold at $1325 cey makes $500 per ounce, HOC makes $350 with gold at $1425cey makes $500 HOC makes $350 with gold at $1225 cry makes $400 HOC makes $250 with gold at $1125 cry makes $300 HOC makes $150 with gold at $1025 cry makes $200 and HOC makes $50
So CEY much better with falling gold price, HOC far more geared to rising price
Of course CEY p[ays 50% profit share (and still has court case unresolved) HOC pays $55m tax and royalties CEY pays $111m in profit share in and this will rise 20% when profit share goes from 40% to 50%
CEY capitalisation 1.35bn HOC capitalisation. HOC capitalisation .9bn
Centamin bought another crusher some time ago which is still undergoing commissioning?
Usually a crusher has ample capacity (running at 60% of the time compared to the mills at +90%). Is the new crusher to increase capacity, or to grind the product to a smaller size for the mills to better handle the feed?
Gold Prices Slip as Fed's Powell Speaks, US Consumers 'Spending Savings' as Trade War 'Threatens Growth' Tuesday, 7/17/2018 13:39 GOLD PRICES failed to hold a $5 overnight rally in London trade Tuesday morning, slipping back below $1240 per ounce as US Federal Reserve chief Jerome Powell prepared to appear before Congress to speak on monetary policy.
Ahead of Powell's semi-annual testimony, betting on the Fed raising its key interest rate twice more in 2018 rose to a new record, with more than 60% of speculative positions on CME interest-rate derivatives now forecasting a hike to 2.5% or above by year's end.
Higher rates and thus a stronger Dollar "naturally presents a downside risk for gold prices," says a new gold-price analysis from Chinese-owned investment and bullion bank ICBC Standard.
"[But] we remain sceptical about the Fed's ability to deliver, because [US] consumer spending growth is likely to come under pressure from a combination of higher interest rates and unexceptional real wage increases."
"Our major concern is [how strong retail sales growth] has been driven by consumers spending more at the expense of saving less," writes ICBC Standard's analyst Marcus Garvey.
"Indeed, the US personal savings rate continues to hover around decade lows of 3%."
IF I understand Kinesis the problem is if you had opened a Kinesis account with gold at $1900 you would have halved your money is sterling now, plus no interest which will begin to matter as interest rates rise (and largely why Inthink gold falling) So while @few like us may want to gamble on the price of gold I don’t quite see why most people will There are many many many digital alternatives competing I may misunderstand Kinesis, but I am not expecting it to change the gold price. As ever I hope I am wrong, as gold continues to fall.
Hedgehogg, I realise you probably already know. - With Kinesis, the proposition is that you can spend your gold using Visa and Mastercard at Tesco or wherever and because it's gold/silver in your account whatever you choose to save keeps pace with everything and not subject to zero/negative interest rate policies. - In addition, it can also attract a yield that is added to you account - Now there's a thing - Not a lot of people know that. - But they soon will.
I know, I'm turning more into a gold bug than I would ever of liked, its starting to affect every part of my spending and life! - Oh dear! Its like the matrix when he swallows the pill and discovers the truth, sometime I wonder if it would be better not to know...
Currently reading about the 'Weimar republic and the destructive effects of hyperinflation. - When stability returned, the sum of paper marks needed to buy a gold-mark was precisely equal to the number of square millimetres in a square kilometre. - Now there's a statistic to try to get your head around
The more I understand of kinesis the more I like it. I see the papers are talking about 'Glint' as a mastercard that you can spend gold on, ie, buy something for £61 and you've spent two grams of gold you have purchased. Only problem is I dont think you can withdraw the gold. However there website has some very good arguments as to why fiat money is so terribly terribly poor. https://glintpay.com/perspectives/
Oh I do hope so and AM is finally right, I have nothing against him and really hope one day he will be proved right, just so far ....let’s speak after the Kinesis launch and see where gold and cey Nice to see cey holding up well against other miners And Rebess May I highly recommend a book factfulmess about how the world is improving and mainstream journalism from the Times and BBC get more honest and hold the world to account. Unless you live in Tonbridge Wells where of course everything is getting worse and all from journalists bankers politicians and investors are unkind people out to get us. Do read factfulness if you get a moment as may cheer you up!
Indeed tibbs - without the acquiescence of the mainstream-media virtually none of the smoke and mirrors politics that now pervade our lives could take place. - Once the champions of the rule of law, now, through blind-eyes and vested-interest, enablers of deceit. IMO