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All eyes are on Dubai as global leaders and scientists meet today for the 28th UN Climate Change Conference (COP28).
The Ganges is one of the most sacred rivers in the world and yet is also one of the most polluted. Oliver Franklin-Wallis discovers the true cost of cheap leather goods.
https://www.bbc.co.uk/programmes/m001sv3l
Hi Somnamna,
I have expressed to Centamin IR many times over the years that it needs to be "Blowing its own trumpet".
It was Buchanan that persuaded Centamin to start doing the investor meet web presentations but the new PR company seems to gone to sleep!
I just think it's another example where the charts are just a pure 50/50 gamble- a stock can only go up or down so it's 50/50. I prefer key data which drives SP, charts just reflect this data.
It has become way overbought and continues to go higher. RSI now approaching 80. When shares get overbought it is tricky to join the rally as at some point one expects a consolidation pull back for 2 or 3 days. Yesterday ended up flat but the RSI hardly called down at all. Certainly lively this morning.
Without jinxing it, it is nice to see gold seems to be holding up fairly well over $2000 and nearer $2040 (Hoping there isn't a Friday smackdown) .
I think Centamin were working on an average gold price of $1850 for the year and I'm pretty sure we have been above that for most of the year. How will this affect profits?
Also with regards to hedging the gold price at $1900 ( i think), well it seems a bad move now, but was probably a good move as cover. I'm pretty sure that they (and us) wont mind the cost of the hedging, if gold stays around this level or rises.
Hi Tornado, probably a sensible approach, but again "wait and see", what I would like to see is something more positive and proactive, e.g. CEY "blowing its own trumpet"and feeding positive news to alleviate the present negative perception of CEY. We know the press are cut and paste merchants and analysts need feeding with information.
If the chart said overbought a couple of days ago so why does it keep going up?
Somna
Lets wait for drilling results first.
Ok all is good in the world the court cased is closed but what is CEY doing to promote this tremendous event? Also what is CEY management doing to communicate the yremendous impact on development opportunities? Seemingly zero on both counts? If I am wrong l will be happy to issue a retraction.
Major European stock indexes traded higher on Friday during the premarket session in anticipation of the German, United Kingdom, and Eurozone PMI manufacturing data that will be released in the coming hours. In addition, UK housing prices will be revealed today as well.
The DAX added 0.13% at 8:00 am CET. The CAC 40 improved by 0.19%, and the pan-European Euro Stoxx 50 rose by 0.40% at the same time. The FTSE 100 increased 0.37% at 8:13 am CET.
The euro traded 0.22% higher compared to the dollar at 7:58 am CET, going for $1.09095. The British pound gained 0.13% against the greenback to sell for $1.26401.
Baha Breaking News (BBN) / DD
Happy Friday y’al
Enjoy your weekend.
POG currently $2041.36
Daily RSI goes higher to 78 and slow stochastics on daily are at 100. Some of the other miners stay flat as they try and consolidate.
What we have to hope8# that gold repeats its rise of many years from Nov to spring/summer, so far so good, these are rises from end Nov (ie as now) all approx
2015/16 +20%
2016/17 +13%
2017/18 +20%
2019/20 +30%
2022/23 +15%
No impediment at all to taking over Centamin(at the right price) as Endeavoir tried (but not thought enough) but as I was saying and you point out they only get half of Sukari which they have to share with Emma which might put off many large miners? So we quiet agree
Ah ok cheers Mr T
Hi Somnamma and 3bear, I appreciate that the last paragraph in my post may have sounded critical or sarcastic, it was badly worded, if I can expand on that, I was wondering just why the appointment was being made and the reasoning from both of you for the appointment seem very reasonable and make good sense!
Thank you
Tibbs
Hi Sotolo - There is no impediment to the taking over of Centamin. - Centamin is owned 100% by Centamin. - Are you confusing Centamins 50% stake in Pharoah, jointly owned with EMRA?. - A takeover would include this arrangement along with Centamin's assets in other ventures, including the new Egyptian licences.. - By all means come back at me if you think this is not the situation. - Always willing to learn.
We shall soon find out if a bull trap is being set up for later on.
Steve,
Euro has fallen this morning and USD gains. Centamin RSI is through the roof around 77 on daily. We had some 9 am buying to get us back to flat on the day. Gold double topped briefly overnight. With two red hot months we could see a pullback next week just to get rid of all the overbought signals on gold and gold miners like Centamin. I expect it to to go higher in January and maybe later on in December as we get more RNS outputs from Centamin. Things do not go up or down in straight lines for the most part. Tony
Depends on gold- US weekly initials again today, require no surprises.
Yesterday was very much overbought above bollinger bands. Perhaps a consolidation day to ease overbought.
Also I wonder if the mill going down due to a maintenance issue that cost three weeks' production in Q3 has resulted in this appointment. If so, good.
Major European stock indexes traded higher on Thursday during the premarket session with all eyes on new reports on German retail sales and unemployment rate, and the Eurozone inflation set to be released during the day. Additionally, several European Central Bank officials are expected to give speeches today.
The DAX added 0.24% at 7:36 am CET, while the FTSE 100 increased 0.23%. The CAC 40 improved by 0.25%, and the pan-European Euro Stoxx 50 rose by 0.22% at the same time.
The euro traded 0.08% higher compared to the dollar at 7:48 am CET, going for $1.09808. The British pound gained 0.10% against the greenback to sell for $1.27960.
Baha Breaking News (BBN) / JJ
Pog flat at $2044.43
Hi Tibbs, the reason for hiring people such as Jaques Calvert in a commercial contracting environment is they are a "known quantity" with known and demonstrated skills and experience, a proven track record and someone who will fit in well with the CEY existing team.
CEY are fishing in a small pool and I don't see anything untoward in recruiting known experienced personnel.
Indeed a common practice in oul and gas whete teams or at least a good number of personnel would move from one project to another
Jacques Calvert 3rd+
I'm excited to start my new role as Plant Engineering Superintendent,with Centamin PLC, at Sukari Gold Mine in Egypt.
https://www.linkedin.com/posts/jacques-calvert-529072b8_im-excited-to-start-my-new-role-as-plant-activity-7133138269776551936-thiU
Plant Engineering Superintendent
Centamin PLC · Full-time
Nov 2023 - Present
Egypt · On-site
HOD for the gold plant maintenance at Sukari Mine in Egypt, overseeing a multi cultural team in optimizing equipment availability.
Toro Gold Limited
6 yrs
Maintenance Manager
Apr 2019 - Oct 2023 · 4 yrs 7 mos
One has to wonder what the benefit is in hiring so many former Toro employees and who was in the post prior to Jacques arrival and why are they being replaced?
Ofwat published its annual assessment of company operational performance and a summary of the financial resilience of companies. Both the Water Company Performance report 2021-22 and the Monitoring Financial Resilience report 2021-22 have identified areas where water companies are letting down their customers, and the environment.
https://www.ofwat.gov.uk/pn-39-22-worst-performing-water-and-wastewater-companies-called-out-in-latest-ofwat-assessments/