Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Of the two yes Powell pehaps is considered the hawk. There was an increase in long gold positioning on the CFTC last week from 250k to 259k perhaps this was in anticipation of a new Fed Chair in which case we could have seen $1900 POG today. If these extra longs liquidated it would explain the sudden gold price drop. Still looking for $1930s next for POG
Anybody here still bullish on gold? My feeling is that BTC has taken most of the investors. Only ones left are central banks and they move at the pace of a snail.
Biden has picked Powell and he is considered the hawk! Laugh out loud.
Anybody now fail to see how all of these mine issues are just peripheral to the main show, which is GOLD........ CEY will fall a LOT more if gold does.
Gold is heavily down; breakout has reversed.
HOC sector effect plus week market and pog 50/50 -- MMs playing a blinder today and picking up plenty of shares to bounce back at around 95p imho
not followed much lately - why the drop todaY?
“Sukari ahead of schedule…”
Capital’s Executive Chairman, Jamie Boyton
(Video 4 minutes long)
https://www.capdrill.com/news/q3-trading-update-jamie-boyton-interview
Capital’s Executive Chairman Jamie Boyton visits Sukari
https://twitter.com/_capitallimited/status/1446341970394112002?s=21
No not touch with a barge pole I remeber CEY too wel,although I managed to buy at the bottom.
But more luck than judgement,in the days when I traded.
Long gone.
I read or heard the ceo of Capital say that the company is ahead of schedule with their Centamin contract, made me wonder if Centamin could update the market also with a “ahead remark” and possibly a positive mention of increased production.
We really are at the mercy of the market pressures.
The very name of the upcoming event on December the 8th is enough to send shivers through the most positive Centamin investors.
Hi MrBond,
I think I would stay away from HOC , lots going on in Peru
Seven of the country's previous ten leaders have either been convicted or are under investigation for graft
Peruvian President Pedro Castillo accepted the resignation of his prime minister Wednesday and replaced him with a female environmental activist.
Under Peruvian law, the prime minister's resignation automatically triggered that of the entire cabinet.
https://dialogochino.net/en/climate-energy/43411-perus-presidential-hopefuls-are-uninterested-in-the-environment/
https://www.worldnomads.com/travel-safety/south-america/peru/crime-in-peru
Corrupt politicians and companies have a lot to answer for, not saying that Hoch is guilty of anything of course, but who really knows what has gone on?
Yes indeed. Hoc up 33% since I suggested popping in half an hour ago, what a rollercoaster! Maybe time to pop out again if you popped in. I am just sitting it out as usual
Their situation is horrible, brings back bad memories of CEY when the CC license fiasco happend.
I am not suggesting Hoc isnot being punished by the government but you said markets could be heavily punishing on poor results , in this case the price fall is realistic if you listen to the currently on air Hoc conference call where ceo just saying right now that if this is correct they must stop all operations and close down immanently, the market price is still saying 50% chance this will be withdrawn and Hoc mines continue ,
Tripe of course it's being punished, are you blind? Cited as environmental however but buyer's beware do your homework on the new president, very leftwing. This board is going to the dogs, although it gives me a good laugh especially the posts from the weekends.
The problem is the law was changed many years ago so the heads of banks cannot be jailed.
These type of institutes are protected by an Act ,that high up officialdom is virtually immune.
Individuals who act on their own ,are a different story.
A few have ended up in the slammer but not many.
I cannot remember exactly where and when allowed ,but I am sure someone on this BB does.
The government closing your mines shortly and permanently is rather more than punishing an update. Methinks however that at 75p Hoc could be an interesting buy?
Hoc now down 60%. Just goes to show how the market punishes lets hope our update doesn't disappoint.
Fair comments MRBond,
In reality these fines are less than a slap on the wrist and who really pays, it's the share holders in the bank's and the customers who continue to receive derisory rates of interest.
It's time to start giving custodial sentences to a few of the top instigators of this fraud up for a year or two and start taking away he licences of these banks.
The other problem is that if regulator tries to do their job properly they get leaned on or moved on!
Like they'll give a monkey's what you do.
On a more sensible note, hoc being hammered this morning, -40% at time of writing, due to new hardliner in power only doing what he said he'd do, so investors should've seen that one coming. At least we've a more facilitating government in power in Egypt atm.
It's not even a slap, it's a tickle.
Shares in Europe traded mixed in the premarket on Monday after Germany set a new record COVID-19 incidence rate and mass protests against new restrictions over the weekend were held in a number of European cities. Meanwhile, Bank of England (BoE) Governor Andrew Bailey said that he was concerned about inflation and that rate rises will have to be considered.
The DAX was up 0.05% at 7:20 am CET. At the same time, the FTSE 100 was down 0.12% and the CAC 40 dropped 0.06%.
The euro was down 0.11% against the dollar to sell for $1.12760 at 7:22 am CET. The pound sterling was flat against the greenback, going for $1.34414.
Breaking the News / IB
Its a start.
No more than that .
Unlikely to stop it at the moment.
Needs at least another nought adding,.
But will it happen?
Doubfulll.
Wow, the Grenadier is seriously retro inside. I want one!