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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Hi Xxxxx,
Thanks for getting in touch. I will keep an eye out for Centamin notes and make sure I cover it for you when one drops into my inbox. I’m guided by which analysts are putting out notes when it comes to Xxxxxxx xxxx and haven’t seen a Centamin note for a while!
All the best
Xxxxxx
@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.
Steve
I believe a lot of retail buyers are acquiring physical gold out there as a genuine concern about inflation. Every pullback on gold of late is probably being met with real physical orders getting placed. If they want to make gold cheaper in the paper market, more physical will get bought. At some point the ratio of paper ounces to physical gold has to be readjusted and allow a higher gold price to match with everything else going up in price. Tony
A false dawn... again...? but it's up again, so fingers crossed for another green day
Major European stock markets were flat in premarket trade on Thursday, as investors mulled earnings reports from Unicredit and Airbus ahead of other major reports from Volkswagen, Shell, Stellantis and others. German unemployment and inflation data are due later in the day, as well as an interest rate decision from the European Central Bank.
Meanwhile, Vladimir Putin instructed Gazprom to raise Europe's gas supply and the United Kingdom is considering scrapping the travel red list and hotel quarantine ahead of the COP26 climate summit.
The DAX and FTSE 100 were both 0.02% in the green at 7:19 am CET.
The euro and British pound were also both flat against the greenback at 7:20am, changing hands for 1.16043 and 1.37607 respectively.
Breaking the News / IB
A magician of spin perhaps
I agree a very conservative estimate, but then again the Tories exclude things like utilities costs energy, water, social care ,council tax , diesel, petrol, rent, and base their estimate for the ordinary people on a basket of shopping!
Sunak is out of touch with realty and a complete "Tw**!".
Not bad at all
Nice one Cowichan!!
Barrick - Vale - Newmont - They don't come any bigger!
It shows the interest there is in Egypt. - Amazing.
For a bit of fun, I'll have a little side wager on Barrick.
Well over a thousand interactions and rising fast - the most notable LinkedIn members include
19 people from SRK Consulting
16 people from Centamin PLC
3 Gold Pyramid Group
8 Barrick Gold Corporation
5 The Egyptian Mineral Resources Authority
3 Shalateen Mineral Resources Company
4 Vale
4 SUKARI GOLD MINES
4 Newmont Corporation
plus 14 Executive Director's of unknown origin
If somebody other than B2Gold wants to get in on the Egypt action - now is the time to make an offer...
https://www.linkedin.com/feed/update/urn:li:activity:6855191601048772608/
PS Rebess , LinkedIn 'fame' isn't all it's cracked up to be ;-)
I thought this may be of interest to our 'Gold community'.
https://www.businesswire.com/news/home/20211027005487/en/Kinesis-Money-Partners-With-Atlas-Vaults-and-Atlas-Brokers-in-Latin-America
Sunak say's it's to persist and to average 4% next year. I'd say he's conservative :-)
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!
Wow JMP500 I see you don’t post often but I see for the rest of us it’s worth the wait.
Thank you, this may not have a direct effect on the share price immediately but it will in the future provided the search is successful.
Thanks for posting.
Today, #Centamin's regional exploration drilling started on the #Sukari Mining Concession for the first time in several years! We're excited to get the 10,000m surface exploration programme underway. To read more: https://t.co/Q08ePlnm4Y
#CEY $CEY #egypt #gold #growth #yield https://t.co/JxU0MbEL6u
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