Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Thanks Mando
I missed the last two lines in the quarterly report. I will now sit back and smile.
Sotolo
Surely the 3% we last received was the final dividend for last year. Or am I missing something.
I think the US debt ceiling is imaginary, or so the amount of US debt would imply; It's a bit like my ever owning an e-Type Jag or Lotus Elan!
Opinions on the US Debt ceiling suspension ending 31 July, and the end of commercial mortgage relief?
Time2retire I was just thinking the same thing this morning. Thanks for posting.
Sotolo, can you confirm where that dividend statement is posted, as I have not been able to find anything whilst looking around myself. Thanks.
Very unlikely for negative dividend news considering the positive quarterly announcement. Horgan's looking forward to announcing the dividend, not dreading it, so I'm thinking it's all good. :-)
"QUARTERLY Report for the three months ended 30 June 2021
MARTIN HORGAN, CEO, COMMENTED: "Centamin has delivered another solid operational performance and we remain on track to meet full year cost and production guidance. During the quarter, excellent progress was made with the Sukari waste-stripping programme which has significantly outperformed budget and resulted in record material mined. This is testament to our team at Sukari delivering improvements in operating efficiencies and further supported by the quick mobilisation and ramp up of the waste-stripping contractor. We look forward to announcing our detailed half-year financials and declaring the interim dividend on Thursday 5th August.""
They have already said they will make a final dividend payment of 6c, to make a total of 9c, $115m from memory, paid partly out of reserves as not enough profit this year and next to cover it; this should be announced with the interim results. I do hope your worry is not proved right, as it would be very surprising if they went back on this, and probably shocking for the share price
Wonder if there will be a dividend announcement in the interim results next weeks?
My betting is no.
It's not boring it's manipulated..
European stocks - in premarket trading on Friday as investors awaited an array of economic data, including GDP figures from Germany and the euro area, as well as Eurozone inflation numbers.
The FTSE 100 fell 0.62% at 7:14 am CET and the DAX slid 0.90% at the same time. The CAC slid 0.90% at 7:25 am CET.
The euro lost 0.08% against the dollar to sell for 1.18780 at 7:15 am CET and the pound was down 0.10% compared to the greenback, going for 1.39440 at the same time.
Breaking the News / NP
Happy weekend guys..
Well, now. In $US terms, gold reached just under $1920 in Sept 2011 (I think). It broke that level last August to reach $2075-ish, but couldn't hold it. Then it tried to break that $1920 level in June this year and got a slap. Are we about to have a third try to break that $1920 barrier? If you believe in Eliott Waves, in £ terms we are in a wave 3 uptrend now. I have no idea if that is true, but perhaps those whot were quoting Buffett last week, and saying that gold was boring, might just have been on to something. I hope this is not a false dawn.
Strong up 1.25% for today.
Thank you for the information Mr Tibbles.
There is a lady who lives in a nearby village who belongs to animal welfare/ anti-hunting organisations (the farmers hate her) whom I informed on Tuesday morning about the incident. So it is in hand.
Gnome I think Cey PE will be a fair bit over 20 this year, even with the halved share price, as earning will fall quite a bit more than the share price . Let’s see what first half results show shortly. However the plan is it should return to around 12 where it was in 2023, if things for once go according to plan, but will Barrick believe that, or believe they can make a plan work, and will they want to have in effect a minority share in a mine after profit share and royalty?
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Barrick is also about to become a money printing machine by year end...
Also the Geoengineering assault on our Planet.
https://www.geoengineeringwatch.org/geoengineering-watch-global-alert-news-june-12-2021-305/
Supermarket shelves are also lower!
UK supermarket shoppers are greeted with empty shelves where familiar products used to be. There are shortages of fresh vegetables at Tesco, shortages of frozen foods at Sainsburys and shortages of glitter cannons and divers’ helmets in the middle of Lidl.
But how much of what we are seeing is entirely down to the pingdemic - workers staying home after being told to self-isolate - and how much is the fault of you-know-what? When Leavers are asked where the blame lies, Brexit seems to be the hardest word.
Baking giants Warburtons say a lack of loaves is because of “higher levels of absence due to the rise in community infection rates of Covid-19 and the knock-on effect that has with more people having to self-isolate.”
But the company concedes its current problems are due largely to a national shortage of lorry drivers - and 25,000 EU haulage workers have gone home to Europe since the transition period ended. Could Warburtons’ reticence to blame the B-word be explained by the fact that their chairman Jonathan Warburton was a keen Leaver, writing in November 2016: “Brexit is a very good thing to have happened. We are well out of the rotting corpse of Europe”?
the Brexit-crazy Telegraph did not mention the effects of leaving the EU at all in its 978-word, front-page report on supermarket shortages last Thursday. Instead, it reported the shortfall of lorry drivers had been “caused in part by cancelled driving tests”.
With 600,000 told to self-isolate in England and Wales in the week between July 8-15 and supermarkets reporting delivery lorries queuing up with no-one to unload them, it would be just as misleading to pretend that pinged workers were having little or no effect on the lack of some goods.
In my view, CEY a buying opportunity at current price. Sentimentality appears to have gotten the better of much of the market, which offers up a great opportunity for those with a longer timeframe.
Really, some dont insto's have a lot of patience, and 35-45% in a few years is not bad money...money is money, and dont worry about sentiment too much...
Sorry Bristow!, but see how you go, you may have to pay a bit more ... but hats life, and you the p/e ratio on your side, like I am sure you know all about.
best
the gnome
Yep, I'm in nome's camp on this. - It makes a lot of sense and also has a rationale with what already has happened.
Most shareholders including institutional wouldn't want a takeover just now as it wouldn't be high enough.
The other point I forgot to mention is that Barrick gets share price appreciation on earnings increase, costs decrease (In Other words MINING)...NOT EXPLORATION. So get into Egypt under the pretense of Exploration, understand the lay of the land, build allegances and relationships, understand your prey...and then pounce.
The mroe I think about it the more I am of the opinion that this is what the game is about.
Value accretive acquisition on earnings
No debt or royalty inheritances, cash in the bank
better acreage for growth in Egypt through putting the exploration ground they are acquiring with that of CEY
and away we go. So if you like to make 30-40+% cap growth + 5-10% dividend pa...then get on board CEY
With us$20-25 trillion floating around with the Central Banks...interest rates prob not going to do a lot.
best
the gnome
It might make sense for Barrick to make an early move here. It wouldn't surprise me. - This plan has probably been on the slow-burner for quite some time. - Also, the chess-moves already made, Horgan, fall into place in supporting this logic. - It'll be interesting to see whether/if MARKET picks up on this possibility.
Hi Goldnome
Your P/E comparison between Barrick and Centamin 15/11 is quite revealing. - Indeed a 36% advantage to Barrick. - An excellent metric to use in terms of comparing value. - I think you might be right about the Cetamin takeover target. - The dots join up. Even more so when you consider that they are to work together in close co-operation over the next year in respect of the new licences.
AAL just posted great results. Dividend plus special dividend plus share buy-back. CEO was just on Bloomberg talking about an overall market shortfall of materials and especially a shortage for China of precious metals and his prediction for copper and precious metals to be in shortage for some time/throughout 2021.
Poly pushing also on the back of a similar strong results story the other day.
Gold price also did seem to bounce off that 1795 line from last week so far.
I'd say all this bodes well for CEY.