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Good for you halfpenny, It's sad that the "Shysters" were in charge for so long at Centamin and Sukari! I do believe that that Martin Horgan is a man of integrity and more than capable of the task in hand, so I really do hope that things are different his time as we share holders are really owed deliverance on so many previously broken promises! But that said it's definitive results we need to see, no more window dressing and promises of things to come!
Hi Steve, Fair comments, to be honest as it turns out Centamin has certainly proven to be on par with most of the most lucrative pyramid schemes! Over a decade and more I have lost count of how many times we have listened to "Good times around the corner!", "Excellent drill results coming next time, probably!" 'On track for 660,000 0z's!" 'Law 32 soon to be ratified!" "Court case verdict eminent!" "Promising drill results in WA !" whilst being shown the pages and pages of coloured "Pardey poo" never ending drill results (Utter Bullshi(t!")to encourage share holders to keep putting their money in, whilst the BOD and other lazy wastrels are awarded bucket loads of free shares, then Oh Josef El Raghy CEO is stepping down to do other things, he had probably realised that the Sukari sham scheme was likely to be exposed,then lazy Youssef sells his free shares, nothing to worry about it's to invest in property deals,but then Oh Fu*k the pit wall starting to fall in, but never mind Pardey is off with saddle bags of swag to run yet another pyramid scheme ( see Mining News). So what to do, Well the Jersey BOD were simply unaware that Sukari was being run on a wing and a prayer as it was slowly being submerged under a pile of uncleared crap! In the meantime the SP is in free fall and the AISC takes off like a rocket for the next how many years, but the way out of this is to dump the WA asserts, they were never tight for us anyway, so forget the $30 odd million, cut the divi and award directors lots of free shares! Then after getting in a credible CEO who really does know about mining to make lots of slick presentations of good times coming (sometime)at yet another Egyptian conference announcing the things have changed, well not quite yet, but who knows a decade or two on! Well if Cey PR or IR are looking in then watch this to see how many of us shafted share holders feel about your presentations https://www.youtube.com/watch?v=FVAX166QwrU Also note - The Competition and Consumer Protection Commission (CCPC) is warning consumers not to engage with the scheme, which appears to be particularly targeting students and younger people. The watchdog said it has been contacted by consumers who have been invited to take part in what they suspect is a pyramid scheme, in which they were encouraged to make an initial investment of €150 and then recruit others to invest. https://www.thejournal.ie/flower-leaf-pyramid-scheme-people-warned-5372239-Mar2021/ ttps://www.irishexaminer.com/news/courtandcrime/arid-40237643.html
Exactly my point- I trade both cey and crypto so comment on both whereas some criticise crypto without ever owning or trading it, say it's high risk and constantly ignore the fact of how high risk Cey is
U.S. stock futures drifted lower at the start of the second half of the year, with investors bracing for more volatility amid heightened inflation and expected interest-rate increases.
Futures for the S&P 500 shed 0.6% Friday. The broad index closed out Thursday lower, heaping on additional losses to mark the worst first half of the year since 1970. Contracts for the tech-focused Nasdaq-100 retreated 0.7% and futures for the Dow Jones Industrial Average fell 0.5%.
In premarket trading, shares of Kohl’s fell 16% after the retailer said Friday that takeover talks with Franchise Group ended without a deal. Memory-chip maker Micron Technology shares fell 4.7% premarket after the company issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter.
Investors remain focused on persistent inflation that has forced central banks to reverse years of easy-money policies and accelerate interest-rate increases. That change in position has bolstered fears of slowing growth that could lead to a recession. Central bank officials globally have signaled that they are more concerned about taming inflation than an economic slowdown. ...bets on a recession
Gold’s slide has hit shares of mining companies. U.S.-listed shares of Barrick Gold Corp. fell 28% this quarter and Colorado-based Newmont Corp. slipped 25%. Both stocks noted the largest percentage decline since the quarter ended September 2015.
One factor that could help lift gold from its rut: Some investors worry the Fed’s tightening could tip the economy into recession, lowering bond yields and weakening the dollar. Fair bet, and the Fed has form in getting it wrong.
Many also still view gold as a way to protect portfolios against inflation and market swings heading into an uncertain second half.
“There’s a big conundrum right now of, ‘What are people supposed to do with their money?’” said Bill Herrmann, partner and co-founder at Wilshire Phoenix. He expects gold’s appeal as a haven to propel it toward $2,000 by year-end.
Housing is set to sink in Oz, 20-40%?
The narratives on the future are all over the shop. Undoubtedly someones prediction will be right, but who and when.
Best not to chase the Lemmings, cool head, the gnome
Dollar strength is the only reason gold is being sold off. Always the same as the market get spooked; especially before a recession. it will change over the next quarter as our spoilt yankee cousins start the see the trees and the wood. Balls deep in gold stocks now and staying that way as the history of gold is on my side, time and again. Could be wrong but hey its only money and inflation will eat it up anyway :)
@SteveJones . lol that is a strange reply. Someone points to a Ferrari crashed at the side of the ride in a mess... the Ferrari driver points to the Lambo who also crashed in the other lane totally separate to his crash and laughs... hurm yeah logical
It still doesn't stop crypto being a cruddy investment does it? wasn't that the point of the thread? look at that crashed Ferrari over there!
Shutterstock Things are looking pretty shaky in the cryptoverse as a continuous flow of damaging headlines continues to rock the sector. The staunch believers are calling it a "crypto winter" before things heat up again, while the naysayers are pointing to the final demise of "tulip mania" they have been warning about for years. Those in between are acknowledging that a shakeout is underway, but feel that only the strongest players will survive in a similar fashion to the aftermath of the dot-com crash. Bitcoin (BTC-USD) is trading under $20,000 again on the developments, and only time will tell which camp prevails.
The latest: The failure of the TerraUSD "stablecoin" project in May sent shockwaves through the crypto market, while the Celsius Network froze accounts and now is preparing for a possible bankruptcy. Popular crypto-focused hedge fund Three Arrows Capital was also ordered to liquidate on Wednesday and crypto exchange CoinFLEX issued new "Recovery Value USD" tokens in an attempt to resume withdrawals. Meanwhile, Coinbase (NASDAQ:COIN) and BlockFi have said they would slash their workforces by a fifth, though others remain undeterred, like MicroStrategy's (NASDAQ:MSTR) Michael Saylor, who scooped up another 480 Bitcoins for $10M despite undergoing massive unrealized losses.
Growing concerns over the industry even prompted the SEC to deny an application to convert the Grayscale Bitcoin Trust (OTC:GBTC) - which has $13B of assets under management - into the first spot ETF. The move would have potentially led to more institutional investment, but instead turned into another negative headline surrounding the sector. Grayscale is suing the SEC in response, after the agency felt that its product failed to meet requirements "designed to prevent fraudulent and manipulative acts... and protect investors and the public interest."
DeFi outlook: Sam Bankman Fried, the 30-year-old billionaire founder of FTX, believes that more failures among crypto exchanges are coming amid the ongoing slump that has wiped off $2T in market value since November. "Some third-tier exchanges are already secretly insolvent," he told Forbes in an interview. Increasing worries are also enveloping the broader DeFi industry, such as crypto lenders whose loans are backed by little collateral and lack access to liquidity in the event of a downturn. "It's just a risky structure," said Eric Budish, an economist at the University of Chicago Booth School of Business. "It strikes me as diversified as the same way that portfolios of mortgages were diversified in 2006. It was all housing - here it's all crypto."