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Quite so Mr Bond,
This is confirmation of what a precious metals trader friend has been stating for some time, although they felt that the figure stated here isn't up to date or very conservative to say the least for some reason.
Thought this might be of interest for weekend reading and crypto education.
https://treasury-management.com/blog/digital-gold-creating-yield-for-treasurers/.
https://on.rt.com/b8qu
What is good for Gold is good for us ,in Centamin.
I'm glad I didn't buy any bitcoins recently even though I really must have a very small dabble into the crypto space at some time in the future to learn the technology.
I sincerely don't mean to sound sarcastic when I say it just goes to show how some 'off topic' posts on here can be of tremendous value. When I started reading the Centamin board, very little was mentioned about cryptocurrencies. However, as the price of Bitcoin has risen, so the posts promoting its worth have become more frequent on this board and it has been a very good indicator to signaling some form of top, albeit possibly only a temporary one. I can't even predict the price of gold or Centamin, so I'm not even going to try it on Bitcoin.
The question now, as some people have posted recently, is whether some of that enthusiasm for cryptocurrencies will now transfer to precious metals?
I'm pleased I hold Centamin shares and gold. So many investors are still very bearish on both and I feel that's a good signal for me to slowly accumulate both when the opportunity arises. Buying gold gives me a sense of distancing myself from all the nonsense in the world.
It's another rainy Sunday - where have all the flowers gone?
Hi Mr Gnome,
I am sure that most of us share holders agree with you, certainly Cowichan and it would seem Martin Horgan, he certainly seems to want some financial justification and return on Pardey's never ending drilling spree!
If Pardey had remained in post then the Centamin West African areas would have ended with more holes than a Swiss cheese and Sukari would have imploded under a pile of waste and clapped out plant (LHDR etc) whilst the cash reserves went down the lavatory, although Capital may have got plenty of work before Centamin got bought out for few pence by Endeavour!
Give Pardey his due though though he excelled at producing meaningless colored charts, unfulfilled promises ,unexpected low grade ore, ever more inventive excuses and was undeniably highly skilled, in fact a master in the art of kicking the can down the road !
Considering his dubious talents if Pardey fancied a change of career direction I have no doubt that Boris Johnson would find him a place in the UK cabinet to work on a new trade deal over the next decade or so!
The BeerStalker
With an average Centamin share price of 125p, you've got a lot to look forward to over the coming years.
The most I've paid for Centamin was around the 160p mark - in 2018. In early 2019, I read a Martin Armstrong article on his blog - I've provided the link. It was suggesting that Centamin was about to have a 'waterfall' event, which freaked me out, I can tell you. So I sold the majority of my holding for about 145p - a profit overall (just) and kept a small core holding bought years before. Well, as we know, Centamin rose much higher and I didn't think much about MA's prediction. Then we had that waterfall event and I was glad I missed it all (except I kept the small core holding which obviously took the hit).
Armstrong claimed his AI computer program predicted the fall, but he knows the gold mining industry so well I'm sure he, and many other, knew the goings-on with Centamin and were bailing before it became public knowledge.
Anyway, that's all in the past and I'm sure there is an exciting future - for the right reasons.
https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/panic-cycles-v-waterfall-events/
An interesting comparison although the metallurgy ips significantly different. the economics of Batie will be driven by the POG and the cost of energy...plus any smart met.
I remain intrigued as to how CEY can do so much drilling and NOT PRODUCE A RESOURCE UPGRADE. There are interesting laws about continuous disclosure and ethical questions about Owners Rights to be informed. I await with a great deal of interest and am relieved the last pack of management were sent packing. Nowhere near good enough in my humble opinion
Best
The Gnome
Why would that be?
If you have some thoughts why please kindly share.
Can’t remember exactly when I bought my first tranche of CEY shares - sometime last summer at 164; have since averaged down. Initially, I jumped on board following temporary closure of part of Sukari mine due to instability (rectifiable), and a decent share buy-in by directors. Average price for me is now 125. Looking forward to watching this go back into profit shortly, and push on from there, which I believe it will do. It is my biggest share holding, and I’m pretty comfortable with that. GLA - have a good weekend.
Sorry off soleCentamin topic!
This week, Andrew Maguire targets the crucial stairsteps for gold and silver amidst the current volatile mix of a strong dollar and rising bond yields, and offers a marketwide update heading into a fast-closing Basel III window.
The precious metals expert breaks down the CME’s seemingly counterintuitive decision to reduce margins into a rising gold price, and shares price expectations for gold and silver ahead of next week’s BIS options expiry.
Turning to the silver squeeze, the long-time wholesaler runs through the knock-on effect of Reddit -driven physical silver demand forcing discipline on the 500-1 leveraged paper markets!
https://www.youtube.com/watch?v=G9uMmBnyZKo
T.
As we await the Konkera/Batie West resource update & development decision here's a similar sized project that's also been on hold since 2012/2013. Originally a Volta Resources asset that B2 Gold acquired around the same time we scooped up our West Africa deposits from Ampella
Interestingly our management is likely faced with the same dilemma - go big now or wait and add processing capacity down the road. I hope we go big now considering all the satellite deposits.
KIAKA PROJECT
One of the largest undeveloped gold resources in Burkina Faso
4.86 million ounces in Measured and Indicated of which, 3.89 million ounces is in Proven and Probable
Mostly contained in a single, large open pit containing a wide orebody leading to a low stripping ratio of 2.95:1
Gold recoveries of circa 90%
Option 1 --> 12 million tonnes per annum plant, producing 340,000 ounces per year
Option 2 --> coherent higher grade zones offer option of selective processing of higher grade ore in a smaller 6 million tonnes per annum plant, reducing CAPEX requirements, producing 170,000 ounces per year
Multiple additional targets in similar structural settings located on the 183.8 km2 property
The bulk of the gold is contained within a single open pit in the circa 200m wide and 1.5km long KMZ orebody. Approximately half (2.04 million ounces) of the Measured and Indicated Resources are contained within continuous higher grade lenses with a grade of 1.52 g/t gold surrounded by the balance (2.07 million ounces) in a lower grade halo at a grade of 0.77 g/t gold.
http://www.voltaresources.com/s/kiaka.asp
-------------------------------->>>
We'll know which option Centamin chooses for Konkera/Batie West soon enough
Obviously I don't have access to any market sensitive information, however I feel very confident that share holders won't be disappointed when the long awaited updates and news is released.
Centamin's true potential should become more apparent to the market & share holders before too long!
I trade a lot Mr T. but I've kept this and added, the hit was taken in Oct2020 which we all know about- since then as time has gone by I've remained impressed by what has come out- just waiting on the license news, I worked in tech all my life, so not a mining whizz, but understand economics, and futures is everything in sale of business, I was lucky enough to work in a PE business that failed to sell due to lack of expansion story- this was rectified and 2 years, international expansion capability story had flesh on it and the business sold for a very big profit... of course, in mining it will take time with new mines, but to move from single source(and a very good one at that), should see the SP move significantly higher- keeping an eye out for license news before 01June2021(end of Q2).
Quite so Steve, you have always advocated holding , so "Respect!" to you.
More free drinks and golden flips flops to come though for those that hold on tight!
T
"Tamped" down by CRIMEX but record-breaking PMI figures just dropped - the hyperinflationary stagflation era is most definitely upon us ...
GOLD will be flying into next week as we are closing above 1860, in a parabolic way this is going 2300!!!
Next Tgt 1905-1920
If they're not, they should be :)
Nice "free" divi... :-). Well done all holders :-)
About to FLY NOW!!!!
Are any the regulars here holding PAF?
No sooner does one go back up, another totally unrelated in another sector goes down lol.
Hey Ho, seesaw lol GLA ;-)
Looks like Gold breakout to me right now - I'm eyeing $1,920 - $1,950, subject to the usual CRIMEX shenanigans of course.
It's almost as though gold is a high jumper, looking at that bar of $1900 and deciding its tactics. Hopefully, gold has had plenty of Lucozade Energy and will be ready to leap soon. With any luck, it'll be a good sprinter too after the hurdle - targetting the $1950s before another rest. Let's hope its wearing a Centamin shirt when it does all this.
There, a nice little bit of athletics talk for a Friday lunchtime. Not too off topic, I feel.
Cey back up today as expected after yesterdays standard ex divi day dip. Gold price looking good again $1879 - surely this will have a decent leap up day at some point.. its lagging behind golds recovery.
Smart contracts are the future but not ETH more like TRX or ADA, or something not yet made with higher TPS, and use. If your buying bitcoin now expect to potentially lose it ALL as it’s clunky slow tech and not power friendly! It’s a good idea help stop all the idiots making and printing more money! But this coin which will be expanded (pos) increasing coin supply which can happen! or swapped with something similar, backed by intrinsic value. I’m backing company’s now being in crypto prior 2017, this could be a massive bubble but I believe in decentralising the internet and other tokens/platforms that are able to provide utility will be a good choice. I personally think TRX is a good bet as one of the only coins not to surpass All time high, its likely to make your million with compound interest while you wait. But what do I know? Enough to make and transfer into companies such as here and live to tell the tale. Blockchain is very capable tech but we are primitive with its use as what we do with most technology.