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Cowichan
Yes, the Newmont takeover of GT Gold is a corker (for GT shareholders). Nearly as good as the Newmont $2.3 billion takeover of Fronteer Gold, which was a disaster, and in their own backyard!
https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/newmont-to-acquire-fronteer-gold-in-23-billion-deal/article564805/
Lets look at the GT Gold assets ... (read grade, read tonnage)
Indicated Resource of 298 Mt grading 0.28% copper, 0.36 g/t gold and 0.8 g/t silver for a total of 1.81 Blb of copper, 3.47 Moz of gold and 7.58 Moz of silver
Inferred Resource of 543 Mt grading 0.25% copper, 0.31 g/t gold and 0.7 g/t silver for a total of 2.98 Blb of copper, 5.46 Moz of gold and 11.64 Moz of silver
Because a company is big and has lots of cash to splash, does not mean they are smart.
BHP, Rio, Freeport....etc
CEY in great position. I am enjoying accumulating
good luck to us all
the gnome
Gold price going up
https://goldprice.org/goldprice.org
Equities in Europe traded higher in the premarket on Friday in anticipation of the European Union's latest report on the trade balance.
Meanwhile, Chief Medical Advisor to the United States President Dr. Anthony Fauci stated Johnson and Johnson's (J&J) vaccine against COVID-19 is effective against the Delta variant of the virus. Later, Moderna Inc. said its jab provides protection against the disease for at least six months.
The DAX went up by 0.06% at 7:28 am CET. At the same time, the FTSE 100 rose by 0.17%. The CAC 40 stood flat.
The euro grew by 0.06% against the dollar at 7:29 am CET to sell for $1.17379. A minute later, the pound sterling stood flat against the greenback to go for $1.38107.
Breaking the News / JR
Happy Friday y’al
I have been on this board for a good ten years plus , now redundant under the care of nurse ratchet. Centamin badly run and mislead by a member of the board for many years, great potential without doubt. But the smart investors play the stock , this great company has become a trading share relying on dividend payments to keep the average shareholder happy, the push to move from a one trick pony is essential and i truly believed in 2010 this was going to happen, but it has been a long wait. Love centamin and i cant help believing the loyalty of this board will be well rewarded. Market signing of x
Why would cey want to merge at a low SP unless there is a brown envelope to key people.
New CEO and a high profile chair, so probably on the road to future success given some time.
That's not to say merger or take over for the future but I hope it would be multiples of this and I prefer dividends for the next 20 years.. Anyway, sooner they they sort out pardeys mess the better and some good new s on the licences.
Hopefully EMRA are a defense also for t/o
Top up at 0.97
You are spot on.
Short termers do not bother posting.
You are just annoying and not much.
I have been sitting on the sidelines for W hole watching this share. Crikey how much lower can it go. Two positives for us. Retail investors and private equity firms are looking for underpriced shares, this is one massive one. Larger companies are looking for acquisitions, nobody would approve a takeover at £1.20-30. The board bought in much higher than that so would have to be £1.60-£2.50 which makes this a very exciting prospect. Investors on here, try to ignore the doom mongers, I’m absolutely sick of them. They’re on every board and simply gambling d heads. Good luck to all. Give it til September. Dividend will attract many. Rapidly rising covid numbers will push up price of gold. I work in hospitals across the uk so know where numbers are heading
Seible , IMO the market is notoriously bad at valuing companies - especially takeovers. Take GT Gold - it's 52 week low was $1.11 last November and yet it was purchased by Newmont in May for $3.25
So did Newmont overpay or was the market clueless ? I think we all know the market is full of clueless people...
BTW one of the orchestrators of that GT Gold deal with Newmont was Centamin's very own chairman - James Rutherford - I hope he's as savvy at getting a fair price for Batie West IF it comes to selling...
I am of the opinion Centamin is not for sale at any price.
Plunker said the same about FXPO in summer of 2020 when it was 180p and it is over 400p just now..
I hate it when people use the term folks...
Obviously I mean £1.20-1.30:))
Can we seriously be discussing takeover when there are so many uncertainties about the wall issue, licences etc? It's a question, I don't know the answer, but to me it would seem a bit odd. Would like the opinion of some gray-hairs, so to speak:) I would say a 1.20-1.30p takeover price is what one can realistically hope at the moment, unfortunately.
Topped up today. It’s at times like these, when sentiment is so negative, that I cannot resist investing more. CEY has been a very performer for me. I can only recollect disappointment followed by more disappointment since the day I entered. Unlike my other shares that have plummeted though, I still feel this one will come good in the future. Gold and CEY will come good, and I’ll just have to be patient I guess.
Don, yes, I get your point your investsorgal skills are excellent, if that word exists but "you get my point". :-)
still, you get the point !
I agree with you MrBond - Centamin got plenty to keep them busy.
Hemmed in was probably too dramatic but I do like to be flamboyant whenever possible.
As you say there is loads of elbow room!
Don't get me wrong, I do like the fact that Barrick is 'surrounding' us to the north, east and south - the more exploration done on the ground the better IMO
Yes. Especially if it yields 7% on dividends alone and has cash and no debt. I'd love a little takeover at 1.50 or so...
Cheer up. I've been buying as the price drops. Have a lovely load at under 97p per share. Yield almost 7% presently and will go up at some point... Probably soon.
Do as you are told and take your medication ,lol.
Don ,that map shows Barrick yes, but many miles away.
Hardly hemmed in IMO.
CENTAMIN got what they bid for, if they want more it would seem they will get it.
The Eastern Desert is not all Gold ,mainly very dry, and lacking water, and life.
https://twitter.com/DonLawson_/status/1425865529848389635
.@BarrickGold by process of elimination the remaining *possible* #Egypt #gold mining concessions awarded to $ABX - expect interest in @Centamin to pick up considering they are *possibly* hemmed in by a major
You would have though this is a prime takeover, who knows what's to come but I did not expect sub £1
The price of gold has come down due to supply outstripping demand at 1800. People get far too hooked up on short term gold price movements when it's the volume times average price for the period which determine how much money gold miners make. Those with all the data play into this, going long and short on the commodity and the miner at differ times in the cycle. Personally I think we are at a pivot point, but who knows, maybe the miners have further to fall.
"The main problem that gold has right now, is that the economic recovery is going too well,” says Charlie Morris of Fleet Street Letter fame. He’s right.
Meanwhile, as all this is going on in Western markets, watch the Chinese keep on accumulating...
https://moneyweek.com/investments/commodities/gold/603690/how-much-further-will-the-gold-price-fall