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Sorry thought it was 1.9trillion, and with Kamela casting vote would be passed shortly? As said gold due a bounce and hence us
No one knows what is priced in, especially for when not directly in the company- eg licenses not priced in to SP. Hitting targets now a given and priced in (I had thought there would be a bigger bounce on Jan RNS as though that drops in Oct2020 were overdone, but it didn't happen- gold drag didn't help here). Any downside on CEY never seems to be priced in lol, but upside does :-). On gold, so many moving levers now into the mix, exponentially increasing. Yields spiked/rose in last 12days on economic recovery from pandemic, inflation likely on stimulus but thought to be short lived and any on-going and the FED likely to look at rates increase earlier, which will whack down gold, so in this scenario the inflation induced stimulus whacks gold... which is why the FED is just waiting... forecasters are generally down on gold, but up mid year onwards. This is one reason why I stopped doing CFD with high leverage on gold a couple of years ago, got burnt on a couple of trades and never went back to it. CEY, hit PROD targets and if we get the expected licenses should get a rise, or at least make us far more likely to be a takeover target at a good price increase (expansion is like gold-dust in mining)- people buy companies on future expansion and capabilities. Sukari is being sorted and will be back to 500k at some point, , plus the divi, plus the price is soooo low now, plus Egypt publicly announced big % of GDP expected via mining in the future.
I agree Razor's & Iglu, true there is usually some movement one way or the other on rumour or speculation ,but for any longer lasting and credible effect on a share price there needs to be official confirmation of the of the full details or facts.
The outstanding and unresolved Centamin court case is a a prime example, over time it has been claimed by some that the court case is now irrelevant, because a ruling in Centamis favour is a certainty and fully priced in,I remain very sceptical of such claims!
True in the early days some brokers were discounting the share price between 20%-30%, but over time many have reduced this discounting, but not entirely, as this is Eygpt and until there is a final and binding ruling then a more accurate effect on market and investor sentiment cannot be factored in with any certainty.
As many of us are aware the market doesn't like uncertainty, especially where Centamin is concerned, but a final ruling from the Egyptian judiciary must be viewed as a official binding endorsement of Centamin's credibility as a preferred partner and so give a great boost to market sentiment and investor certainty!
Must be good for at 10%-15% initially as the stock would be more attractive to more institutional investors and other funds.
Can't really see how Biden's stimulus package could be priced in, it's value is unknown until after final approval.
Iglu back in the day I was following Tesco, mid quarter they announced they’d sold something for £650m.
On the day of the announcement their shares reacted positively but it wasn’t until the results day that the market really gave them credit.
No siding with anyone here just pointing out from an experience in the past.
Sotolo I don’t believe it is priced in....a lot of uncertainty was around the senate passing the bill. If gold was reaching highs I would agree that maybe it’s already priced in but it’s not. I suppose we will see soon enough
It is already dry known and in the price, however gold is looking for a reason for a temporary jump so this could be it imho
I recall 14th March as deadline?
Quoted from the news “ A deal has been reached in the Senate to pave the way forward on President Joe Biden's Covid-19 relief bill after activity in the chamber ground to a halt for hours tonight”
If passed it goes back to the house for a final vote.
If the package does get passed I wonder how big the effect on gold could be?