Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Sold yesterday for a weeprofit after sat on 95p buys for weeks . Just feel there’s better opps out there.
Hope gold gets back above 1800 and lths make some cash.
cheers. so far so good. I moved the money to IAG which is doing ok so far of the back of the news on the US starting to accept flights in November.
GLA
I Don’t think you have made a mistake Mando, and sadly think you will appear prescient; I hope of course you are proved wrong , tho unlikely. I wish I was as brave and wise but would mean taking a large loss. Gold has failed to hold 1800 again so tumbling and agree testing $1680 again is on the cards, plus remember we have some horrible figures coming out in the annual financials next quarter. The only thing that keeps me going is falling real interest rates, and that bitcoin which has taken advantage of them to become the new haven, collapses leaving us, but when….
I just sold at 99.40 with a minimal profit.
Probably a mistake. I often sell at the bottom and this is probably one of those times. Gut feel is often wrong. But I don't like the look of the gold trend at the moment.
No doubt this will age very poorly, probably within the next 5 minutes, but looking at the weekly charts on gold and silver and the relative general good sentiment in the markets and strong business performances being reported at the moment, I can see gold continuing to decline down to maybe 1725 or even 1685 in the next couple of weeks. Like I said, I'll probably be very embarrassed about this post very soon, and will probably re-buy back in at a loss later.
GLA
Always stinks for Gold
Was really hoping we’d finish the week above 100p!
This is amusing in some ways, the underground operations have been in production for 7+ years!
However, the threat of a takeover is never far away from talk when it comes to Centamin!
Hoping for positive Q3 production report on Tuesday next week - there will be a group call at 8.30am.
If you’re of a nervous disposition, and care about SP, dump before the RNS- sometimes you can miss out on a quick jump on opening, but sometimes can get in the rise and further rise- if a miss- the whack happens- it’s all depends as always on your own position and view of risk
Hopefully some good news Mr T. However , I think that Martin Horgan will play things pretty cagily and if we have exceeded the production figures by a fair amount, will keep some back so they can show some real progress for the next production quarter. Im not too bothered about the share price at the moment, but hope it doesnt go down. So long as we are making a good profit and getting a good/ really good or great dividend then that would do for me, as I have been reinvesting the dividends. At some point I will start to take the cash.
Hi Candid,
I appreciate it's frustrating for us all, but Pardey was out of his depth and thought he could buy time with spoof until things came good, unfortunately we are now being punished for his failings!
Still hoping for a good Q3!
Thanks Mr T. You have valid points there. It will be interesting to see 3rd quarter production figures next week and see how the market reacts .
Hi Candid,
It's due to Andrew Pardey's spoof and unreliability of guidance forecasts in the past the market now wants proof that the management can be rlied upon to deliver on their predictions and claims.
Martiiin Horgan is well aware that that possibly his biggest challenge is the restoration of market confidence and that will only be achieved by delivering guidance and not lame excuses!
Major European stocks registered gains during Friday's premarket trading ahead of a key meeting between British and European Union officials on the issue of Northern Ireland.
Later today, United Kingdom's Brexit negotiator David Frost will meet Commissioner Maros Sefcovic to further discuss Brussels' new proposal on goods checks entering Northern Ireland from Britain. The two officials will likely talk about the role of the European Court of Justice.
The FTSE 100 gained 0.16%, while the DAX increased by 0.35% at 7:27 am CET. The CAC 40 advanced 0.35% at the same time. A minute later, the euro rose 0.09% against the dollar to sell for 1.16080, while the pound inched up 0.11% to 1.36874.
Breaking the News / ND
Happy Friday y’al
It is a concern of mine, that a gold price of $1800 has only translated into a £1.02 share price.
How high does gold have to be, to bring about a re-rating of the share price.
Hi Tibbs
How I wish I had your certainty on what the BBC has to offer . Also the parlous situation that capitalism has had on the working man's life prospects. Almost makes you wish to emigrate to North Korea , Beijing . Venezuela , or Beijing.
But of course their population troubles are entirely due to the fed , global banks , market philosophy and oppression from fraudulent market forces. Oh dear
The very kindest regards (sincerely meant)
Bob
B2Gold's management has postponed its update for its Burkina Faso ready-to-develop project 'Kiaka' several times over the last 18 months.
Comparing the metrics of Centamin's orphaned Burkina Faso project it's clear Batie West would be a smarter development - twice the grades of Kiaka (only .69g/t) and further along in the de-risking of resources.
But Batie's exploitation license expires next month, so either:
1) the Batie project reverts to Burkina Faso - millions of gold ounces lost, again
2) the Batie project finds a willing co-developer
Remember B2Gold needs to diversify country risk given its current troubles in Mali
I hope option 2 is realized before it's once again too late for Centamin shareholders.
Our company directors wouldn't be foolish enough to cost its shareholders hundreds of millions in losses again, would they?
https://twitter.com/DonLawson_/status/1448726408851705875
Been dumping before close and back in first thing- missed out on a little, but these cey have burnt me before ! Oct 2020 last time …
It's definitely looking like IT is finally starting for gold miners.
All my gold miners have been quietly rising for a couple of weeks now; I only really noticed it the past couple of days though as the progress picked up speed. Some of the small ones are really starting to fly.
Fingers crossed. Wood touched.
Oct 14, 2021
Egyptian billionaire Naguib Sawiris said he is focusing on gold mining in Egypt...
In statements to Al-Sharq, from the city of El Gouna on the Red Sea, Sawiris said that he is currently working on gold mining in Egypt, after Altus, a subsidiary of La Mancha, won five gold prospecting sites, and attributed investment in this sector...
Note: La Mancha owns 35% of Altus
https://www.asharqbusiness.com/article/27420/%D9%86%D8%AC%D9%8A%D8%A8-%D8%B3%D8%A7%D9%88%D9%8A%D8%B1%D8%B3-%D9%84%D9%80%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D8%A3%D8%B1%D9%83%D8%B2-%D8%B9%D9%84%D9%89-%D8%AA%D8%B9%D8%AF%D9%8A%D9%86-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%88%D9%84%D9%86-%D8%A3%D8%BA%D9%8A%D8%B1-%D9%86%D8%B8%D8%B1%D8%AA%D9%8A-%D9%84%D9%80%D8%A8%D8%AA%D9%83%D9%88%D9%8A%D9%86
As I now have a fair sum of CEY stock the Toronto ticker has been added to the desktop. The habit has assisted with TAL(PTAL) and TXP on several occasions.
https://money.tmx.com/en/quote/CEE
Suggestion is made to open a moving arbitrage link/window as further guidance.
Would be great to see Liberum update their pathetic price target and for the mining analyst to be named.
BOOM!
95p well gone and support of £1, well in place what with pog...£1.05 short term next stop - roll on £1.20
Claims that Russia is using the high gas price as a political weapon are "drivel", according to President Vladimir Putin. His comments come as there is intense focus on the energy markets. Energy prices in the UK, Europe and Asia have hit record highs in recent weeks triggering inflation concerns. The International Energy Agency says that targets to limit global warming are in very real danger of not being met. Their chief energy economist Tim Gould explains what's going wrong and we get reaction from Simon Harrison, head of strategy at consultancy Mott MacDonald, which advises governments and businesses on how to move to cleaner energy sources. Also in the programme, China's banning of Bitcoin mining has prompted what some have called the great mining migration. Alex De Vries, who runs the Digieconomist blog, explains where the miners are going and how much energy are they consuming. Plus, the BBC's Frey Lindsay reports on what's being called a housing affordability crisis in Australia, where the cost of buying a home has risen sharply relative to what people earn. And our regular commentator Stephanie Hare makes the case for actively using our senses to transform our experience of the world of work.
All this and more discussed with our two guests throughout the show: in Taiwan, Samson Ellis, Taipei bureau chief for Bloomberg News and Takara Small, technology reporter for CBC News in Toronto, Canada
https://www.bbc.co.uk/programmes/w172xvql360qbw8
Is the American Christmas time shopping bonanza under threat? US President Joe Biden has announced that the port of Los Angeles will be working extra hours to try to overcome supply chain problems in the run up to the festive season.
Hurricane Pamela has hit the west coast of Mexico. We'll have the latest on its impact
And William Shatner - who's 90 and most famous as the Star Trek character Captain Kirk - reflects on the experience of a real life journey into space.
https://www.bbc.co.uk/programmes/w172xv2wgpk7jkt