Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Glad you see the point.
Kitco.Investors pile into cash,but snap up Chinese stocks in tricky markets .Well worth a read.
Have a good enjoyable weekend all.
https://www.newsfilecorp.com/release/163921
Some serious players here that could actually grow into something significant plus have assets in Côte d’Ivoire and ground in Egypt- maybe they could clean up CEY or certainly get them to get on and actually do something
Bah.
Don't be drawn into the narrative by gold bug delusionists who say China is rising up into some global leader - especially its rate controlled (pegged) currency which stands unmoved at just over 2% of global payments according to SWIFT. https://www.swift.com/
Indeed the yuan's share of cross border payments rose to a 13 year high but dig deeper into the why and you'd see the ratio is based on the volume of all types of transactions, which includes security trading thru mainland and Hong Kong capital markets . It doesn't represent transactions used by the rest of the world i.e. sales of goods and services which in the real world contribute to GDP numbers.
China is a communist wasteland of economic manipulation that for some reason appeals to gold bug aficionados who are waiting eternally and joyfully for the demise of capitalism - ironically to their own doom should it ever happen.
A related story:
PUBLISHED APRIL 25, 2023
Ontario Teachers' Pension Plan (OTPP), #Canada's 3rd largest pension fund, closed down its #China equity investment team based in Hong Kong last week
The Hong Kong’s Securities and Futures Commission (SFC) website shows licenses of five employees of the C$247-billion($182-billion) pension fund were revoked on April 18.
The staff were with OTPP’s proprietary trading team in Hong Kong, covering Greater China stocks, two of the sources said.
The decision comes amid growing tensions between China and the West and a challenging equity investment environment due to the rising global interest rates. It also comes as more foreign investors trim their China exposure amid persistent geopolitical risks.
https://www.theglobeandmail.com/business/article-ontario-teachers-pension-plan-has-closed-down-its-china-equity/
If you aren't convinced look at Xi's resent visit with Putin. What world leader coddles up to and praises the closest thing to Hitler 2.0 we've seen since WW2 ? China can go F itself.
Just watch the sinking of the US$...term : dedollarisaton
US jobless data is just one of the many pieces of data that impacts markets and gold/silver etc. It's impact is generally less than say NFP monthly data (unless wildly an outlier), but, like another data, it's impact depends on the state of any other data released at the same time and/or the state of many any data points at the time of release.
As always- life is never as simple as your question requests alas.
If the last low was 99p,how can it's next leg start here at 107p ?!!!!!!!!!!!!!!!!.Another thing,does the U.S. jobless figures really make that much difference to these shares on a short or long term basis ?.
All data released is lagging data, the US Jobless less so than most as weekly stat
Last day of the month regulatory announcement.
Major stock indexes in Europe traded higher in the premarket on Friday as investors awaited key economic data. On the agenda, today, are Germany's gross domestic product (GDP) and inflation reports, alongside the country's unemployment rate and Eurozone's GDP. Meanwhile, Mercedes-Benz, Eni and NatWest are delivering their quarterly earnings.
The DAX gained 0.37% at 7:20 am CET, while the CAC 40 increased 0.33% and the FTSE 100 grew 0.32%. The Euro Stoxx 50 rose 0.37% simultaneously.
The euro was 0.10% below the dollar at 7:23 am CET, selling for 1.10168. The pound lost 0.12% against the greenback and went for 1.24830 concurrently.
Baha Breaking News (BBN) / AY
Happy Friday y’al
Enjoy your weekend!
“Whether you think you can, or you think you can't – you're right,”
Jobless numbers are a lagging indicator.
Good point Gnome and well said
..really hope nobody listen to my predictions.
Mr T
I think we can do a lot on this web site, by bading toether. We need to be a bit more coherent than we are, and more united.
From small things big things can grow !
best
the gnome
There is no doubt about it despite what the company IR may claim we individual investors don't have any clout when compared to the institutional investors and funds who are quit happy to go along with the present directors remuneration packages and the way that "Bonus shares" are awarded irrelevant of any hitting of real targets or on individual performance.
After yet another RNS of claimed unforeseen problems in 2018 and no reply to my emails to Centamin I wrote to RBC corporate brokers basically asking why their analysts never seemed to have realised what was going wrong at Sukari , instead I was contacted by Buchanan claiming that they had received a number of complaints from corporate brokers that I was becoming a nuisance and I was informed by Buchanan that I shouldn't contact the corporate brokers in the future!
The present UK stock market system allows companies to treat us retail investors almost with contempt!
ShareSoc is dedicated to the support of individual investors (private shareholders as opposed to institutional investors – although directors or employees of institutions can join as individual members if they wish). Our aim is to make and keep you better informed so as to improve your investment skills, and protect the value of your investments. We won’t shirk from tackling companies, the Government or other institutions if we think you are not being treated fairly.
https://www.sharesoc.org/
Also US Jobless Claims may support U$D, is likely that to push gold at higher levels, the market needs very convincing increase of jobless claims. Anything around previous levels won't do.
IMO
Deutsche Bank came out with good numbers
later on the day expected US GDP forecasted at 2% from previous 2.6%.
IMO a bit too low and likely to be beaten hence gold may be ready for a retrace lower...
Major European stock markets saw losses ahead of Thursday's session amid renewed concerns the banking crisis in Europe and the United States may not be over. While a recent report hinted that the US government isn't interested in bailing out First Republic Bank, investors looked for signals of the sector's health in the latest earnings from Deutsche Bank and Barclays.
The FTSE 100 lost 0.33% at 6:56 am CET, while the DAX slipped 0.21%. The CAC 40 declined by 0.34% at the same time, and the Euro Stoxx 50 decreased by 0.41%.
The euro and the pound each added 0.10% against the dollar at 7:15 am CET to sell for 1.10536 and 1.24807, respectively.
Baha Breaking News (BBN) / ND
Small-scale mechanised mining takes place on the Sukari licence area, but generally at remote sites where it neither disturbs nor presents a risk to mine operation. It is an unauthorised, clandestine activity that employs a relatively small number of people. Our exploration and security teams occasionally encounter the presence of illegal mining within our Sukari licence area and have been trained to respond in conformance to the VPSHR. Information concerning these encounters is shared with the public authorities.
----------------------------->>>
never mind the lost gold without profit share to the government - how about geological damage? Lost data?
the above excerpt taken from the 56 page Sustainability report https://www.centamin.com/media/2969/cey_sr22_sustainabilityreport_final_250423.pdf
IMO more time and effort is spent on creating these enormous fluff reports than growing the company or dealing with ongoing problems like illegal mining - they've only had years & years to get security figured out
meanwhile the time is ticking on Doropo - several concessions are set to PERMANENTLY expire in 12 months - that means PERMANENTLY lost resources for Centamin shareholders - let alone lost exploration $$ & time spent building a resource
Mr Horgan should be personally visiting the government offices in Cote D'Ivoire getting the last 2 concessions renewed NOW or the concessions hosting the satellite resources which are adjacent will be orphaned
But will he? Probably not - as long as these fat cats get a salary & bonus shares issued without performance hurdles they are laughing all the way to the next gig
some here with coddle & shield the performance of these experts - blaming circumstance, mother nature or bad economics but compared to 90% of its rivals Centamin's management has proven themselves negligent and incompetent in numerous ways - especially in keeping the facts hidden from shareholders
https://portals.landfolio.com/CoteDIvoire/en/
I’ve been posting my views on this board on crypto for years- people know my position and views :-)
Steve on bitcoin
Here's another one from investing.com- I hope this comes true lol.
I wont invest too much money on it, if any at all....
Crypto is up too-
without clearly defined
Got to say I dont like easy award of shares with clearly defined metrics and not easy targets.
However, the other questions what is the market rate for a CEO for centamin size and where are we heading??? expansions/successful diversification.... Maybe this is better than a high salary as he doesn't perform the SP is flat
Tibbs,
This is what is known as a one way bet.
No performance conditions attached to this award whatsoever.
What would happen if there was a bid for the company would this award lapse or would the option be triggered and the management could walk away with the cash and try to the same thing all over again ?