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I thought black rock sold most of the gold t last year saying gold is no hedge against uncertainty anymore.
When they saw the RNS lol- 16th March.
Major European stock markets registered some gains ahead of Wednesday's opening bell, as new remarks from the European Central Bank suggested two possible interest rate hikes could take place this year.
According to Robert Holzmann, the ECB might announce the first interest rate increase in the summer and an additional one before the end of the year. As the earnings season continued, Rio Tinto revealed its full-year results for 2021 earlier today.
The DAX gained 0.12% at 7:55 am CET, while the FTSE 100 and the CAC 40 stood slightly in the green.
The euro traded flat against the dollar to sell for 1.13254 at 7:55 am CET, while the pound increased by 0.08% to $1.35953.
Baha Breaking the News (BBN) / ND
Happy hump y’al
Will do Cowichan, hopefully so will others!
Thank you Cowichan,
You are certainly attracting the right type of interested followers in your quest for answers!
Well done!
Thank you Sotolo for your calculations/estimate re POG.
1)
https://www.keystonelaw.com/lawyers/sandra-bates
Corporate lawyer Sandra is an expert adviser on cross-border corporate transactions, particularly those involving Africa, Canada or the US. Sandra’s expertise includes advising on IPOs and equity capital markets transactions, mergers and acquisitions, reverse takeovers, strategic investments and joint ventures.
Sandra is experienced in working with publicly listed and private companies in the mining, oil and gas, and technology sectors on equity capital markets and other corporate transactions. She advises many long-standing clients on investments and M&A strategies.
Sandra also has in-house legal experience having spent time as a senior M&A adviser at Citigroup in New York and acting as General Counsel to Avesoro Resources and Altus Strategies Plc.
2)
https://www.linkedin.com/in/tiffani-potesta-a55b9a5/
Chief Strategy Officer (CSO) at Schroders*
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Note: Schroders* owns around 7% of Centamin shares
Reminder - why not send a note to Centamin's IR about the missing HiSeis survey results? Can't hurt to ask.
https://www.linkedin.com/posts/don-lawson-98619370_centamin-gold-hiseis-activity-6901664738980315136-f7Dc
Gold is bought as a hedge against inflation, stagflation and in times of world turmoil. This is the perfect time for gold to shine and it should smash through $2000 shortly IMHO. With hopefully positive cey newsfeed coming out next month the sp should also smash through the £1 shortly too also IMHO.
If blackrock are buying then it’s time to be in gold, simple
Gold is different to PMs, a core influencer of course, but not the only one…
Gold is bought as a hedge against inflation. The inflation will most likely turn into stagflation which is also good for gold for the same reason.
Inflation bad for PMs, recent history has shown us that
Perfect storm for pog to reach for the stars what with inflation, stagflation and the potential of WW3 or at least a protracted cold war just beginning..
hi Halfpenny,
If corrupt governments want to condone or be complicit in morally wrong activities that suits hem then they churn out the good old excuse of its a "Traditional Activity" this is used as an excuse not to do the right and decent thing by so many of the worlds governments and encompasses everything from Whale/Dolphin/Seal slaughter,fox hunting,bear bile production,forest burning,and so many other abhorrent illegal,dangerous and unnecessary activities including Artisanal Mining"
News Wires
One person has been detained and an investigation opened to determine the cause of an explosion that killed scores of people at an informal gold miners market in Burkina Faso, a judicial source said on Tuesday.
Accidents are frequent at these so-called artisanal mines.
State television broadcast video on Monday showing bodies covered in sheets on the ground and young men with bloody wounds on drips at a hospital. The explosion had levelled tin shacks over a large area and felled a tree.
"There were bodies strewn everywhere. It was an explosion that managed to uproot trees and bring down houses,” said the judicial source, who visited the site to assess the damage.
“This is a traditional gold panning site. The miners come from different backgrounds, many displaced, from the north or the east. They resell to intermediaries in Gaoua,” said Sansan Urbain Kambou, a local leader in Gbomblora.
Very helpful Sotolo et al thank you, wont be banking on it but a nice to know just in case!
Russia's standoff with the West continues to intensify as Vladimir Putin announced he would recognize two self-proclaimed separatist republics in eastern Ukraine. The Russian president also went on to sign aid and cooperation pacts with regional leaders in Donetsk and Luhansk (which include the right to build military bases), at a televised Kremlin ceremony that was condemned by the U.S. and EU. "I consider it necessary to take the long overdue decision to recognize the independence and sovereignty," Putin declared. "Ukraine for us is not just a neighboring country, it is an integral part of our own history, culture and spiritual space."
Response: Some sanctions were announced unveiled by the U.S. and its allies as Putin planned to send in peacekeeping forces (see below), though Moscow has continued to deny plans of an invasion. Ukraine said it will also stick to a peaceful path, with President Volodymyr Zelenskyy emphasizing that Putin merely "legalized" troops already present in self-proclaimed republics since 2014. "We're dedicated to diplomatic means of solving this issue. We're not reacting to any provocations. This is our choice. We are on our land. We're not afraid of anyone and everyone."
Following the news, the UN Security Council held an emergency meeting, but with Russia being one of the five countries that hold veto power, measures like sanctions are non-starters. Russia also holds the rotating presidency this month, so it sets and chairs the agenda for council meetings, likely shielding itself from further trouble. Meanwhile, the U.S. State Department on Monday evening relocated its diplomatic staff in Lviv, Ukraine, to Poland, citing safety and security reasons.
Next steps: President Biden "reiterated that the United States would respond swiftly and decisively, in lockstep with its allies and partners, to further Russian aggression against Ukraine." The developments may also torpedo a last-minute summit with Biden, which was arranged by French President Emmanuel Macron over the weekend. The White House said it was prepared to meet with Putin "in principle" - if Moscow refrained from further invading Ukraine - but U.S. officials said they can no longer commit to a gathering that has a "predicate that Russia won't take military action, when it looks as imminently like it will." (1 comment)
Best not to send any lethal aid, the Ukraine semi professional reservist's will be slaughtered for no good reason, their country blown too pieces and it will give Putin the excuse imprison Ukrainians and to occupy Ukraine permanently.
Johnson is an idiot, a complete waste of money and shows how much he lacks in international diplomacy.
Instead of committing £80 million of UK taxpayers money on military hardware,Johnson would have achieved far more by committing £80 million to offer Ukrainian people permanent UK sanctuary and jobs in the UK, most Ukrainians are hard working and many are trained in the skills we need at present in the UK, especially post Brexit and the pandemic ,also this may well have encouraged the rest of Europe to do the same.
Putin desperately wants the Ukrainians to put up military resistance and then he will have the excuse to annihilate them and take their country for good, that in turn will lead to further atrocities and then later that may well lead to ethnic cleansing, just as it did in Bosnia and every where else after the WW2 carve up of the map by Stalin.
The other alternative is an escalation into a full scale war and then there won't be much point in worry about the POG, the markets because our world may well be ruined.
Our NHS is incapable of delivering its core services as it should during the pandemic, imagine how well it would cope with another European, possible even world war?
Putin is old enough not to care and mad enough to push the button ,and then it wont matter how many covid jabs anyone has had!
an extra $600 straight to bottom line, so assuming costs so profit more than doubles so share price should be a bit above 200
but depends on
a. whether trajectory of gold is still rising sharply in which case could be a bit higher as more drawn in and miners more desirable
b. if we get some better or worse news on production or costs
c. however I still think it is finely balance whether gold will rise or fall, and we are equally geared to that as a now costly producer so I wouldn't dust off the golden oil flops til/if we get there!
Gold at $2500 :
Depending upon whether it's being kept on a leash to accommodate a takeover. - If it is, I'll say £1.10 - £1.20. - Beyond this, who knows, but don't build your hopes up, not with Centamin.
The valuation would depend on WHY gold has it that figure.
Correct Sotolo, that's the official line on the divi.
Hi Subdeck54,
Possibly members like Sotolo or Tornadotony will oblige as near as they are able, although not easy with all the affecting factors in a state of flux I dare say it would probably be an estimate.
What's wrong with screaming babies on commercial flights. I took my daughter to Mallorca and she screamed the whole way.
Anyway I'm sure the Plymouth Brethren would help out Lizzie.
I wondered if anyone had done any calcs on potential valuation of Centamin and thus share price if gold hits $2500 as some people are predicting? I'm not sure how to work it out! TIA
Don’t think so, it has been slipping later for the last few years, April or May, will presumable be announced with the results, 16 Mar