Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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It's opening next month in Marsa Alam - obviously strategically placed close to Sukari to service Centamin, among many other newcomers. Video describes current fire assay method vs new and improved Chrysos method which will be added in Egypt as assay demand grows. (MSALABS is a division of Capital Drilling)
A Capital spokesperson also appears on the video outlining Capital's history in Egypt and future ambitions. Says they are basically an 'Egyptian company' as that's where they began 16 years ago with Sukari in 2005.
https://youtu.be/fjzji0SSgj4
I really couldn't care a fig, all the more to snap up on divi payment day ready for the inevitable recovery of the share price!
Gold will recover it's being held back by the four main clearing bank's who are buying physical bullion under the radar.
Perhaps now could be a good time for the board to actually consider a share buyback - it could also possibly arrest some of the decay in the share price at this present time
Cey has f**ke me up well wel
Always a tricky day. The uncrosses after close can be surprising.
kitco.com/news/2021-09-17/Powell-juggling-policy-and-renomination-now-faces-an-ethics-blowup.html
Some CEY exposure despite now being ex dividend
https://www.fool.ca/2021/09/16/2-bargain-deals-no-more-than-5-and-get-paid-6-dividend/
Correct, esp. when you add in the divis paid over this period too.
Uncrossing trade at 10.15, looks like we went into auction there, strange, after hours trades could be interesting today.
As does oil companies sp move with the price of oil of course PM miners sp will move with the price of PM's. It's not rocket science. Obviously the sp will also move on a companies personal circumstances. I take a view that the bad news we've had is factored into the sp and I'd like to think the sp will rise with reported evidence of correction on these problems. I also believe that PM's will go much higher going forward, or I wouldn't be invested here. They also pay a handsome divi much much more than I'd get with my money in the bank. I also enjoy the daily movements in the sp and play it like a game of chess, but then I can afford to do that.
Ken
I believe you make an excellent point there especially with your referance to the current SP following the wall collapse against other PM SP's
Be interested to see Goldnome and Mr T's views on this
Good Luck with your trading
ATB
G
Thanks for your replies.
Steve 999 CEY are doing quite well then is you knock 25% off for wall failure as other miners are down 50% plus from their highs with no major issues like CEY had last October
Ken, i don't necessarily believe CEY and Gold move in tandem but correlation is not about looking at only 2 data points, it's about taking, for example, daily data points over a 1, 3 or 5 year time horizon and looking to what degree these two are correlated. This is a pretty standard measure of correlation. Your example is meaningless.
It’s because cey and other PMs tend to move on intra day gold moves plus the wall issue wiped around 25% off us. Also ftse and U.K. listed stocks in general have been flattish since brexit decision 5years ago whereas other markets, esp US, have flown
We will rise when the big boys have their long positions. True for the whole sector. I assume they are quietly accumulating with these low prices.
DYOH
The reason Ross Jerrard bought 15k shares and not 100k is because he knows the company is sound but he’s not sure on the direction of the price of gold.
China, Russia U.K. and the USA playing war games gives a clue but other than that the POG is crystal ball stuff.
European stock markets registered gains during Friday's premarket session ahead of August consumer prices scheduled for release shortly after the opening bell.
Ten additional companies are set to join the DAX starting from September 20, while the MDAX will get reduced from 60 to 50 members.
The DAX increased by 0.50% at 7:43 am CET, while the FTSE 100 rose by 0.48% and the CAC 40 advanced 0.66%. The euro stood flat against the dollar to sell for 1.17694, while the pound inched up by 0.11% to $1.38086.
Breaking the News / ND
Happy Friday y’al
If CEY share price is controlled by the price of gold can someone tell me why in June 2013 CEY was trading at 35p gold was at 1395 then 2.5 years later in November 2015 gold was trading at 1075 and CEY was at 66 which is almost double their share price of 2013 let alone gold has fallen more than $200 an oz so how is CEY correlated to the price of gold.
I’m very interested to your remarks on the above.
Don't worry Patryk ,
All is going well at Sukari, the AISC will start to decline in 2022 and continue to do so whilst production will steadily increase into 2023, POG may pull back, but once the clearing banks have finished covering their paper sell positions then it is more likely to rise in 2022.
Oh dear Sotolo,
Well who would have guessed the Centamin share price is geared to the price of gold?
if you have the holding you claim then as well as expressing your despair on here your time may well be far better spent writing to Martin Horgan expressing your concerns, possibly asking him to explain his strategy and time frame for a return to lower AISC and a return to 500,000oz per annum at Sukari.
if you haven't done so already then you should watch Martin' Horgan's broadcast from the Denver forum, it may at least help you feel better, if not then you really ought to consider the reasons why you continue to hold this stock.
So this weekend why not compose that letter and get it off to Martin Horgan, he wants to hear from retail investors and you will have done something positive which may help you feel much better, it will at the very least make the management aware of another private investors views.
Cowichan..
Quite a few dogs down under, all gold miners! to put it mildly. Gold spot down by 2.3% but Gold Futures down by...not much....
So great time for the long term investors to take a position in a profitable gold mining company, no debt, no exposure to interest rate, positive change management coming down the back straight. Evolution Mining down 26% year to date, Northern Star down 29% YTD, St Barbara down 39% YTD Tough life for all gold miners at the moment...but watch the gold futures, the AISC margins, and EXPLORATION SUCCESS!!!
So winners on the gold EXPLORATION front, Predictive Discovery PDI:ASX great discovery in Guinea..took 15 years but thats life in the exploration business....Benz Mining BNZ:ASX Canada, African Gold A1G:ASX Cote IVoire and Mali to name a few ...
IN sharp contrast... 678 pre-revenue explorers on the ASX raised $2.54 billion in the June quarter (!!??), the third consecutive period of record cash inflows following low interest rates and soaring prices for commodities such as lithium, zinc, copper, nickel, coking coal, thermal coal, aluminium and uranium to name a few (gold missing)...and you can guess how many of these will be absolute dogs in the next 1-3 years. Some are nothing a re-hash of some deep low margin mines, long passed their use by dates. Some do OK...with near mine exporation success...see 29metals,
So Dogger sounds a bit down, hopefully he has a diversified portfolio. My Uranium stocks are going great, and my Sydney Airport shares also, up 50% in last 12 months...we are about to sell our main airport to global Infrastructure, not sure why we muck around worrying about having a defense force, everything worhtwhile is getting sold to foreign interests LOL. I do feel sorry for the French with their submarine building ... but when push comes to shove, they are ... French ...
best
the gnome
Kinross, Barrick, Yamana & B2Gold all most active in Toronto today and all at 52 week lows... complete dogs every one.
Next stop 60p for this one. Complete dog of a share.
Patryk the difference is last time gold was trading at $1300 Cey was making big profits on it, now if it traded at $1300 they would be making big losses. As such a high cost producer our profits and share price are currently very geared to the price of gold.