The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Actually it would be very good for CEY SP to be over 1.1304 then the colour of my holdings will change from red to green.
We may not get over 110p but gold will be over $2000 that's 100% certain.
It would be great to break £1.10. See increasing gold prices/demand as unstable European situation continues.
Could this be the big correction?
Fridays normally the big sell off.
Somethings afoot, Monday will be interesting.
But the MMs play their cards cageilly ,so anything is possible.
Could easily be a crafty diversion,though markets are generally down today.
Good weekend all.
Gold at $1,960 - MMs playing it coy I think!
No doubt the 'Comex Philharmonic' will be playing as loud as they can to try to distract.
It's looking like the market does not want to be out of gold over the weekend. - In the current situation, so much can happen in such a short time.
On the practice ground now Rebess.
My Dad is good looking lol, but not Hector. He moved from Liverpool to down south before I was born. Yes, golf is fab- and I have to switch my phone off now- course etiquette.
Have a good weekend.
Hi Steve - I know you like your golf. - I believe you mentioned your father as being a good low handicap golfer. - Many years ago I lived and worked in Liverpool and new a Hector Jones, who as well as being quite a good-looking guy was also a very good golfer. - It can't be him can it? - :-)
Yep, am in sea of red today except for CEY.
Time for golf and have long weekend.
GLA
Premarket US indices all turning down..
Evraz PLC - London-based steel maker in Russia - James Rutherford resigns as non-executive director, effectively immediately. Rutherford is non-executive chair of Egyptian gold miner Centamin PLC and had joined the Evraz board only in June last year. Evraz and compatriot Polymetal International PLC, gold miner, are set to leave the FTSE 100 index this month after their shares have collapsed in value since Russia launched its attack on Ukraine.
Current stock price: 62.15 pence, up 18% on Friday
12-month change: down 89%; and down 87% in the past month alone
my apologies, the prediction was for very year, for the next 20 years, based on a 5 year moving average ...lol
The wokes, brash blokes and other lunatics are firmly in control.
Want a US$, I got da plenty!
You gotta da credibility?...donna know where to buy that stuff..tried for decades
Just u buy a da us$, I got plenty.
best the gnome
Predictions?
1. The purchasing power of fiat currency will go down year after year (as it has for 100 years?)
2. More debt will be issued, at infinitem and without constraint (as it has for 100 years?)
3. The Federal Reserve, a privately held powerful institution, will lose its power rating, and this is over due. No credibility
Not elected. Not democratic, and past a joke
4. Trust in the "system" will continually erode.
5. Bill Clinton will push Joe Biden aside, after consuming a carefully measured amount of viagra... LOL Trump will arise from the dread...
good luck to us all, May your dreams come true ....
Invest in real things, not fiats
best
the gnome
European equities were lower in the premarket on Friday after concerns about a fire at a nuclear power plant in Ukraine seemingly impacted investor sentiment. Yesterday, the second round of peace talks between Moscow and Kiev ended with limited success. Market participants in Europe will pay their attention to the Eurozone retail sales report after Germany's trade balance figures.
The DAX declined 1.57%, London's FTSE 100 decreased 1%, and the CAC 40 lost 1.32% at 8:01 am CET.
The euro was 0.42% lower against the dollar at 7:59 am CET, trading at 1.10160. The British pound was flat compared to the American currency, going for 1.33348 at the same time.
Baha Breaking the News (BBN) / MS
Have a good weekend y’al
Last month JPM was predicting 5 US interest rate hikes whereas now they believe the US will see 7 25bps hikes. This was before the invasion of Ukraine.
Rates are still going up.
JPM predict a gold spike but will be below 1900 by year end. Silver follows a similar pattern.
Extended mine life, bonanza zones, yield and growth, West Africa on track to produce by 2025. Pressing all the right buttons there Mr Horgan especially loving the 7 kilo's per tonne part. Good stuff indeed thanks for posting Softrock.
Interesting slide.. Martin Horgan in Highlights and bold, Centamin in lowlights....hmmm a concern.
My understanding: It s a good policy to engage with the Board on a takeover, as the Board is compelled by law to act in the best interests of the shareholders. This plays out informally, but can go to formal and hostile in a public forum, and according to the rules of the Market Place. The offer is in writing and describes in detail the value of the offer. If the board rejects the offer, then they must do so in writing and in the public forum detail why they have rejected. If the Offerer thinks the board is acting unreasonably and not in the shareholders interests, can seek approval from the Market Owners (TSX, ASX) to approach the shareholders individally...and so on.
The Management Manages the operation of the company (hpefully) and does not deal with shareholders or represent the company on such matters.
So if I desired to takeover a company, I would engage with the Chairman or MD in a friendly chat about out the benefits, and if there is an amber light, then put my offer on the table in writing to the Chariman/MD.
the gnome
Factor in that interest rates won't be going up anywhere as much now as originally anticipated just one month ago.
Massive inflation on the way, all the consumer spending stocks are witnessing increased declared short positions opening as each day passes.
Commodities roofing it in general.
If the war wasn't getting blanket news coverage they would be highlighting we are heading into a double digit inflation period.
Strong macro environment for precious metals to just keep on rising further.
Personal targets of Gold @ $2100 & Silver @ $30 over the next few months.
The interviewer retells a conversation he had yesterday with B2Gold CEO Clive Johnson where Clive expressed frustration over approaching other companies with an offer & having that company's senior management not convey the offer to their own board or shareholder base - thus B2Gold is considering having to make hostile takeover offers directly in order to complete a transaction.
The comment starts 7:20 into video
https://www.kitco.com/news/video/show/BMO-Conference-2022/3889/2022-03-03/More-MA-is-on-the-way
Thanks for sharing Softrock!
Mr Horgan presents Centamin's strategy very well - we are fortunate to have his caliber of leadership
Also, nice to hear his confirmation the airborne survey over Sukari was completed in Q1
Yes it could return to 200 if gold price went to 2300, and if not accompanied by a market crash lowering PE’s in a general rush to liquidity imho
See it here:
https://bmo.qumucloud.com/view/2022-gmm-centamin
Interesting comments on capital structure building on previous presentations. Thus outline strategy and possible numbers on a credit facility.
For those interested in M&A, a teaser given on possible project/asset acquisition once Doropo is further advanced.
I understand Endeavor has just joined the ftse100?