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@Somnamna: I agree with all your coments. I was oversimplifying things. I appreciate the criticality of the other things you mentioned. I guess what I should have said was that the gold price was necessary, but not sufficient. i.e. even if gold rises, there is no guarantee that CEY would rise and that all of the other things you mentioned are vital.
Not bad at all
Hi Canetoad,
I understand your frustration but don’t agree with
"You can research the CEY fundamentals all you like, but without the gold price rising, CEY will not rise. I don't think many people here get that..."
In fact ignoring significant risks, CEY has three main drivers:
a) gold price
b) ounces produced
c) total costs (AISC + CAPEX)
As we have experienced, items b) and C) have a major impact on the SP and that is what Martin Horgan and CEY Management Team are working hard to improve.
Result of their efforts will be a profitable company even if POG retraces from USD 1,790.
Item a) can indeed have a big impact on SP, but is in fact either money for nothing (if gold rises) or a kick in the teeth (if POG falls).
Also something that Martin Horgan et al cannot control, but it is something they are making provision for by making a low cost gold producer.
I too share your frustration but as can be seen it is not only an increase in POG (welcome though that would be) that will improve the SP.
MrT
Your are right in what you say,lets hope that either Horgan or Bis will make a difference
Nb
I cant help that i dont have any patience
The share price is where is due to the ineptness of the previous management, the gold price is where it is due the the manipulation of the Comex cartel.
Martin Horgan and his team are making great progress in improving production at Sukari and reducing AISC to restore more profitable and reliable output.
Unfortunately the restoration of a respectable POG in the short term is going to be a much greater challenge, let's hope that Basel 3 will have some success in 2022!
Fair comments Nunquam!
Hi Iztar, Djryan,
Having witnessed what takes place in the public social housing sector I entirely sympathise and have some similar views/ opinions on this pressing and thorny issue that many people including our politicians are reluctant, or even just unwilling to regognise and debate urgently needed solutions to this problem.
I would say more but fear it may offend some.
In my opinion over population has been the principle human problem since the industrial revolution. I agree with ,think globally act locally. In a small way I have helped in that all my children are foster children ! But it is a huge and morally very difficult problem and I do not think that there are any easy answers. I think education and particularly women's education is vital. I think population is a much more morally difficult problem to solve than global warming and is the root cause behind global warming. Humans tend to like solving problems . But one does not want the solution to be worse than the initial problem . But I accept that these are just my views and others may violently disagree .
I add- 1st Dec key on Sukari- faster recovery, for me to get us over the 500k again. This will restore confidence and add big weight to abilities to deliver on new initiatives in the pipeline- there has been a lot of positives here so far, and single source mine, even before the Oct2020 issue was always a concern.
This will move the SP upwards.
Thanks Cane
Appreciate your view.
Perhaps suggest bitcoin or a low ESG Crypto
regards
gnome
People here over-analyze. As I've said 50 times, there is ZERO (0) chance of CEY rising substantially until gold rises. Currently, there is no convincing evidence that gold is rising. It's that simple.
Like it and to be fair you probably have a point - easy to say the below and I do think you need to live by what you preach. Luckily enough I am selfish enough not to take up your kind suggestion
Perhaps you'd like to set an example and start the cull?
Over population like charity begins at home
totally agree - knew even as an overly deep thinking child many, many years ago that the world would get into serious trouble unless we stopped breeding - we have decimated everything else but continue to over populate all areas of the world tearing up habitats and green spaces - not a pleasant species (with some wonderful exceptions)
Progress is always filled with benefits and regrets and one persons benefit is another persons regret.
Humans have always been competitive , have the desire to impose their views as believe them to be right.
All organisms, have the primary desire to populate, the planet has one too, and humans are by and away the biggest threat.
hi Mr Bond,
All valid points!
Tech regret: Five inventors who questioned their creations
https://www.bbc.co.uk/news/newsbeat-39002417
These days the Web can seem like a dark place, filled with internet trolls and divisive discourse. But the man who invented the World Wide Web 28 years ago is still optimistic (sort of).
https://www.npr.org/sections/alltechconsidered/2017/04/04/522593360/the-father-of-the-web-is-worried-about-how-ugly-its-become?t=1635301958711
https://www.bbc.co.uk/news/newsbeat-39002417
"I don't regret creating the web," Berners-Lee told POLITICO at Web Summit, a technology conference in the Portuguese capital.
But, he added: "A couple of years ago, I realized there was a change of attitudes. We can't assume that connectivity will inevitably lead to more understanding."
https://www.lse.co.uk/ShareChat.asp?ShareTicker=CEY&share=Centamin-PLC&thread=F881A8CC-2F79-4EEA-81D8-34EEDE956811
Hi Mr Gnome,
Thank you for posting such very informative and important information on the damaging environmental impact on Bitcoin and some other crypto currencies.
Research increasingly seems to confirm that Crypto / Bitcoin users are either blissfully unaware or choose to ignore the damaging environmental impact being caused by their choice and use of certain crypto currencies.
More peoples and indeed governments need to be made aware of the the environmental damage being caused by some forms of "Crypto" currencies and encouraged to, or if that fails forced by international legislation to change to alternative environmentally friendly forms of Bitcoin/Crypto currencies.
Indeed such policies by governments would be very popular amongst the majority of the electorate and appear to be an easily achievable and painless opportunity for governments to make no cost but substantial contribution the the reduction of the worlds carbon footprint.
"The rise of crypto mining in the country has prompted government members to consider steps to tax the industry."
“Under normal circumstances, companies that are creating value in Iceland pay a certain amount of tax to the government,” Smari McCarthy, a member of Iceland’s Pirate Party, told the Associated Press. “These companies are not doing that, and we might want to ask ourselves whether they should.”
https://www.weforum.org/agenda/2018/02/iceland-may-use-more-electricity-to-mine-bitcoins-than-it-does-to-power-all-of-its-houses-this-year
https://www.finextra.com/blogposting/20762/can-bitcoin-solve-its-green-problem
Given the exponential rise in ESG as a metric for investors, I doubt whether BitCoin is going to remain attractive.
https://digiconomist.net/bitcoin-energy-consumption/
There are lower cost algorthims that give the same secure outcome, with lower energy consumption and lower environmental impact.
https://www.leafscore.com/blog/the-9-most-sustainable-cryptocurrencies-for-2021/
Bitcoin might have been first, but it is not the last, and one could argue is an inferior product by ESG standards.
So in the history books for sure, but not on my investment list
best
the gnome.
Imagine if internet went offline permanently, if you can.In case of war or big catástrofe .
Who do call to check on your crypto.
With things in play at the moment it is possible .
No more crypto asset, or have they got that covered?
A simple question from someone ignorant.
Is this a valid point or am I missing something.?
Crypto is an asset paid for by consumed electricity, and time in computacion much of which is illegal electricity.
Yes extreme ,but where has your paper gone you buying digital?
Where?
People said "I would be hesitant at buying BTC when over $1,000" and this hesitancy stays, and will always stay, and the number just goes up and up and up- sure, big drops along the way but facts are facts. Joe public take up is there(was massive in the early days- remember all the facebook/social media ads?), but now more and more institutional investment coming in now on crypto, and this will only increase with more regulation.
PMs are bad performing stocks once established- just look at CEY and others (admittedly there will always be some good ones, POLY) but overall outperformed hugely by other industry equities, esp tech. CEY poor for 5 years, even when you add in divis. Plus a divi is always at risk, PMs are trading stocks, but not quite as risky at crypto- but I would add I spread my cryptos on the one I believe in, same as gold stocks- and don't go single source.
Just because gold has been around for 1,000s of years and people will always like bling, doesn't mean it's a great investment or hedge, the evidence is plain to see. The next big tech thing that shows signs of MASSIVE expansion capability globally will always attract, most established global things just don't have this.
Why do I continue to hold CEY? I trade it less now as am waiting for "jump news" be it Sukari recovery acceleration / takeover as I believe the price is low and worth the gamble. I trade it around US data points where gold price most likely to move to sell to avoid a drop and and buy back at reverse. Sometimes to skim profit when I think a drop is coming after a rise. Sometimes I get it wrong, but am not afraid to buy in again at higher than my sell price if my indicators warrant it.
At the moment I don't like to be out for long, as at this SP, takeover can happen from those in the know if Sukari is once again accelerating, and will push up the volume to over 500k again.
I will continue to hold cryptos, and if I lose the lot, I've already covered my original investment 3fold(some would say lucky, but I went with what was not established and had the potential of massive global expansion).
I hold other equity investments and property - diversification is key.
Obviously, the biggest gains are always in the most risky, which is why I only have a very small % of my portfolio in crypto, but for me, has proved worth the risk, and continues to be so. I've not increased my investment in crypto as it is the highest risk- but it's value has most certainly increased massively.
Who cares where it's coming from... if BTC has a $ for every moaner on crypto, it would $1m now lol.
more and more people are going in, institutions going, get with the game and take some risk instead of whinging... or just ignore.
Quite so Volvic,
There is also the political agenda it does'nt suit politicians to have their countries central banks Fiat paper abandoned in favour of real gold, especially when central banks vaults don't hold the gold they claim to , it highlights the ineptness of our governments elected leaders and the serious flaws in their fiscal policies!
The problem we have is that gold has failed to maintain the value of people's money. For those who bought at the 'wrong time' in 2011, they'd have seen ~zero appreciation against USD in a ten year period. But in that same time, USD has lost value... And there is no guarantee that it's going to rise from here. I personally think it will, but that's just speculation and wishful thinking. Very few people realise that *all* asset prices are subject to a fickle public.
And while lm on a bender gold is being manipulated by the so called legal banks, hedge funds
Gold paper selling crooks
Myself l question were some of the bitcoin money is coming from, my guess it is a great place to launder illicit gains, untraceable, untaxable, not for your average dad, mum, two kids
with mortgage and cars on the never never.
So ask yourselve who has 45k to risk for 1 bitcoin, ponzi scheme,
Tulip mania, South Sea bubble
to me, just lasting a bit longer
the perfect storm
IMHO
volvic