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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Thank you RR for this presentation. I have learnt more about CEY , its current situation, performance and potential from this vid than any other source for an amateur investor like me (allthough every day is a school day re mining and its operations on this forum). Also good to get the intel on the region financial and political stability factors. Of course the current Yemen sea lanes etc threat and its affects on the Suez and drop in income for Egypt coffers is a concern for knock on effects throughout the country and that casts a big shadow, however in general am encouraged by your research and hopeful that the geopolitical situation will get sorted out diplomatically ....or in otherways soon, and as you say should the CEY reported figures turn into positive reality then plenty here to keep the hope candle burning! On the strength of this I am encouraged to hang on in there for a bit.
thanks sotolo.
the relationship between gold and interest rates is not quite as straight forward as one might think. aren't the interest rates a tad high, and gold at its (sustainable?) highest level ...
i take a view that gold is more of a defensive asset, that tends to fly when people lose trust in the systems, and uncertainty grows. in war time (we have a few on the go now) especially, government debt (already at extreme levels) and currencies (whose vaue is set by market forces, wink, nudge) can see extreme levels of volatility, and gold tends to serve as a defensive investment on the expectation that it will hold its value and be more steady than investments exposed to the global or political conflict, and so on and so forth.
you can see some science (sorry to mention this on the chat forum) testing of gold prices expressed in u.s. dollars, british pounds, euros, and chinese yuans finds evidence that gold returns respond positively to a rise in a set of uncertainty variables, suggesting that gold can be viewed as a hedge against uncertainties.
https://www.sciencedirect.com/science/article/abs/pii/s0301420721005535
i only watch tv for sport and a bit of black comedy (starring imran khan these days, sadly), the rest is just bs and filling in time which i dont have much of...could we see both the new pm of ****stan and the president of us both operating out of jail, lol, funny ol world
whats your prediction of the gold price at close of 2024? $2400?
https://www.jpmorgan.com/insights/global-research/commodities/gold-prices
good luck the punters and investors...
the gnome
Thanks
This Linkedin thread was highlighted by another investor,although there appears to be no information or particulars (as in how much%) this may have on any existing of proposed mining projects within this jurisdiction, no doubt Centamin will factor this to the Doropo mine decision?
GPMCI’s Post
View organization page for GPMCI
GPMCI
12,148 followers
1w Edited
[CAFE MINES 2024]
The Professional Group of Miners of Côte d'Ivoire - GPMCI through its Legal, Tax and Customs Commission organized its traditional presentation session of the 2024 tax annex, this Thursday, January 25, 2024 from 9:00 a.m. to 11:00 a.m. at the headquarters of the said institution.
This activity, which was marked by the active participation of many GPMCI member companies, was an opportunity to present the new provisions of the 2024 tax annex, as well as their impacts on mining operations in Côte d'Ivoire.
Note that this tax annex includes a total of 31 measures including 20 major measures, impacting mining operations. These measures revolve around the following three (03) categories:
✅Increase in State tax revenue (05 measures);
✅Technical and rationalization measures of the tax system (09 measures);
✅ Support for businesses (06 measures).
For mining professionals, it was a moment rich in exchanges, sharing of experience and knowledge around the new tax provisions.
#fiscal annex #GPMCI #cafemines
Your presumption is correct .
Are Centamin involved in prospecting in Saudi Arabia ?
I presume not , but I thought I remembered this from a while ago ....
Hi Pam, welcome to the world of Centamin share ownership! I've been holding/trading this one for a couple of years and the price has ranged from 76p-125p visiting both extremes or close twice in that time. Many holders here made a lot of money when the shares hit £2 in 2020 but others also bought in at those levels and are pretty fed up, to put it mildly
FWIW I think the share price sinks on news of regional political instability, any hawkish news on central bank rates (higher rates = lower GP) and high costs of production and exploration.
On the plus side this is a world-class asset churning out 14-15 tonnes of pure gold every year and it is about to get better. Building doropo ($400million perhaps?) and continuing EDX and pit maintenance mean the company is ploughing an awful lot of that cash back into the ground and - as you point out they - have to give half their profits back to the egyptian government.
If the shares are £1 the company is valued at 1£.2billion or so which is around 10 times profit. so my rule of thumb is if the shares are trading at much less than a quid they're a bargain and at much over £1 it's time to take a little profit but that's just me. Anyway it's an intersting share to own and I wish you the best of luck with it.
Hi Guys,
At a weekend dinner party one of he guests asked if I was still in Centamin as the company seems stuck in limbo, I asked why he thought this was, he replied that it was most likely because of the very high costs of clearing huge volumes of waste and mining generally unreliable low grades at Sukari.
He also mentioned that some are still very wary of Centamin and think that the profit share of 50% is out of date and overgenerous .
Since then I across this site-
Centamin (CEY) Risk Checks
Rewards Trading at 45.1% below our estimate of its fair value
Earnings are forecast to grow 18.58% per year
Analysts in good agreement that stock price will rise by 42.9%
Risk Analysis
Profit margins (9.5%) are lower than last year (17%)
Unstable dividend track record
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares
I really don't know what to think?
Pam
Like your last line justifying putting this social media diatribe on the Centamin investment board. I could answer about US politics, whether Obamacare better than before it etc, but here is not the place and what is the point in the face of the usual u fightable long term cyclical advance of ghastly strong men from Al Khameni in Iran to Putin in Russia Xi in China, Haniyeh of Hamas, Netanyahu, Erdogan, etc etc, all promise what you suggest Trump does, winning wars; logically not all can as even USA found from Vietnam to Iraq. Some of us still champion democracy as best of worst but as you say fewer, you think all this should be good for gold but its price seems more driven by real interest rates that its quick knee jerk reactions to outrages, so maybe gold will be up a bit this year but maybe not the soaring you see from the TV star you appear to champion, late stage Rome boo hoo
Hi,
Anybody got access to Level 2 Console on here?
Wondered if there was a tech problem because some of its missing .. ? (!)
Apparently X was meant to mean mixed.
The headline was changed minutes ago.
Major European stock indexes traded X in the premarket session on Monday, as investors awaited the latest PMI reports from the Eurozone, Germany, and the United Kingdom, scheduled for release after the opening bell. Additionally, German trade balance data for December is expected to be published before the markets open. In business, UniCredit S.p.A. revealed its financial results for the fourth quarter of 2023.
The DAX went down 0.14%, and the FTSE 10 was up 0.06% at 8:00 am CET. At the same time, the CAC 40 0.08%, and the Euro Stoxx 50 0.12%.
The euro lost 0.14% against the dollar at 7:58 am CET, trading at $1.07786. Simultaneously, the British pound fell by 0.20%, to sell for $1.26111.
Baha Breaking News (BBN) / JJ
Happy Monday y’al
An Analysis of Centamin : https://www.youtube.com/watch?v=o3DhXyBF93g
There's no wonder that the jobs market is showing an increase with 11'000 Americans retiring every day and set to increase.
https://www.cbsnews.com/amp/news/retirement-medicare-401k-what-to-know-peak-65/#amp_tf=From%20%251%24s&aoh=17070364957740&referrer=https%3A%2F%2Fwww.google.com
What motivates Trump supporters? Simple: They want their country back.
WSJ: They might have lost a loved one in Iraq or Afghanistan. What was the sacrifice for? In the botched peace and withdrawal, they concluded that the foreign-policy elite don’t know what they’re doing. They are hesitant about Ukraine, Iran and Taiwan because the same crew is in charge. They’ll back an America that fights to win, but they don’t want their sons and daughters to die for America only to lose slowly.
In the 2007-08 financial crisis, they lost a house, a job or a business. They learned that the people in charge of the financial system don’t know what they’re doing (been going on for decades). ObamaCare sent them a health-insurance card that doesn’t work well when they get sick (?). They wonder: Do any of the policy wonks who promote this stuff actually use it themselves? They looked at Hillary Clinton and saw her insincerity, her nonprofit collecting millions, the way she said Trump supporters belong in a “basket of deplorables.” They gambled on Mr. Trump.
Then the establishment blew up. They saw the Federal Bureau of Investigation harass Mr. Trump’s appointees, much of official Washington fashion itself “the resistance,” the Russia-collusion hoax, years of pointless investigations.
In 2020 Covid hit. Trump supporters initially went along, trusting institutions. But the pandemic soon exposed the politicized incompetence of the Food and Drug Administration, the Centers for Disease Control and Prevention, and the scientific establishment. Lockdowns destroyed lives. Officials made up rules and ramped up censorship. Inquiries about whether the virus came from a lab leak, or anything negative about masks or vaccines, became “misinformation” subject to censorship. Trump supporters saw media, tech companies and national-security bigwigs suppress the news of the Hunter Biden laptop just in time for the election.
When schools went remote, parents found out what was actually going on inside the classrooms. Teachers were coaching students to hate themselves, their country and their religious traditions and sexualizing young children...
and so on, should be a bumper year for gold, going into the mayhem of a US Election
good luck punters, and investors...
the Gnome
The fed will reduce rates as inflation targets are being met.
Trump to FEDs Powell.
Your fired if I get re-elected.
Hence interest rates will go lower,to help Democrats in November.
Not really a surprise ,the way the FEDs actions have been in the recent past.
Enjoy your weekend all LTH.
Gold closes at $2039.95. ,clearly shows who is in control-
An excellent recovery, from US job figures.
Spot gold becoming more and more in control.
The price of precious metals dropped on Friday after the release of the nonfarm payrolls report for January, which revealed the addition of 353,000 jobs. This figure exceeded the analysts' forecast of 185,000.
According to the report, the unemployment rate in the country stood at 3.7%, lower than the estimated 3.8%. This indication of a robust labor market seemed to divert investors' attention away from non-interest-bearing metals.
Gold fell by 1.28% at 9:06 am ET and sold for $2,029.17 per ounce, while silver slumped 2.85% to go for $22.53 per ounce at the same time. Platinum declined by 1.22%, going for $905.45 per ounce and palladium lost 1.32%, selling for $944.35 per ounce.
Baha Breaking News (BBN) / RR
Quite so Mr Bond, but then we long term holders wouldn't really expect anything any different than the usual Friday smack down based on flawed and manipulated data!
The CFD traders and the like will all be bailing out to avoid the possible Monday morning gap down bashing them through their stops!
POG already recovering!
Oh what a surprise, apparent bad news for PMs on a friday.
I wondered all week what was going on , very quiet ,gold rising with no response from the US, they chose Friday ,with very revised figures from December ,how could they get those figures so wrong, but useful for future revisions.
Not very good with figures are they, but very useful for revisions when needed, ;-)
Could BRICS nations drag the US back into the gold standard?
Ron Branstetter of Ron’s Basement to discuss the accelerating pace of change that silver stackers should experience in the months to come.
https://www.youtube.com/watch?v=zsxynYs0naM
Danielle DiMartino Booth with The David Lin Report
Companies expected to ramp up white collar tech company lay-offs come March, according to research by Danielle DiMartino Booth, CEO of QI Research.
https://www.youtube.com/watch?v=ovXaIFPy-ks
(*This video was recorded on January 22, 2024)
Data release at 13:30, so I baled out again on the button. Lovely 24hours though.
This data normally not support for gold and CEY.
GLA.