Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I always follow the data around delivery times- gold can up or down, so I prefer to do it this way. Gold will go up if the drivers are there for it and down if they go against it- I've developed my own drivers for it (economic) and work on the basis on more right than wrong, and disciplined on the S/L and mostly on the T/P limits!
Been a good few days trading- this is a great trading stock as always.
Collecting divi on 75% of the holding as long. Keeping 25% on as short.
Centamin and Shanta not doing that much. Suggests the gold rally may not have that much to run. Gold spot is at significant resistance.
To state the obvious for most (but not all), if you want your 2 cents, you need to be holding by close of play today.
And the SP open at the close price, minus the 2 cents tomorrow @08:00 for normal traders.
Equities in Europe traded higher in the premarket on Wednesday in anticipation of reports on Germany's inflation and the Eurozone's consumer confidence.
The DAX gained 0.07% at 8:00 am CET. At the same time, the FTSE 100 rose by 0.11%. The CAC 40 grew by 0.10%. The Eurostoxx 50 advanced by 0.15%.
The euro lost 0.12% to the dollar at 7:58 am CET to go for $1.08664. A minute later, the pound sterling went down by 0.16% against the United States currency to sell for $1.26240.
Baha Breaking News (BBN) / JR
Happy hump y’al
Holding well and Asia followed rise from USA yesterday as per norm. FTSE futures up again, on top of recent large gains.
Data this week:
https://www.marketwatch.com/economy-politics/calendar
Not a bad start to the day.
Will it last?
Https://www.zerohedge.com/markets/western-world-about-deliver-some-very-bad-news-its-young-adults
OOps wrong link
Https://www.indexmundi.com/commodities/?commodity=nickel&months=120&commodity=goldhttps://www.zerohedge.com/markets/western-world-about-deliver-some-very-bad-news-its-young-adults
I suspect the culture war that has been playing out in both the UK and USA is like the dead cat on the table hiding the fiscal mess which needs to be dealt with. Tony
Correct link below
The new BRICS memberships will take effect from January 1, 2024
https://tinyurl.com/mr32thd2
The new BRICS memberships will take effect from January 1, 2024. However, out of the six new members, Saudi Arabia is yet to officially confirm, with the country’s Foreign Minister Prince Faisal bin Farhan stating, “We await further details” and “based on this information and in accordance with our internal procedures, we will make the appropriate decision.”
https://tinyurl.com/4y8y7xrt
Https://cointelegraph.com/news/btc-price-2-week-highs-grayscale-sec-bitcoin-etf-win
Tony, No worries. Thanks
The data collections and reported in August and September are renowned for being off the mark as sampling data is very low because of staff holidays. I sense the rise in gold is a possible bull trap. The more important data is later in the week.
Congratulations in buying in at the very lowest point/day in the last 8 years
Overall, I like the look of Centamin shares andmy investment is currently up close to 20%. Thefact that it is trading at a penny share level withan enticing yield is positive for me, as I’m going to buy some further shares for my holdings.
The post
Here’s why I bought this exciting pennyshare with its 4% payout
appeared first on
TheMotley Fool UK
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Here’s why I bought this exciting penny share with its 4% payout
Sumayya Mansoor 11 August 2023
One penny share I added to my holdings some time ago is Centamin (LSE: CEY). At the time, Ifelt it was an opportunity not to be missed. I still feel the same way. Here’s why.
Centamin is a mineral exploration, development, and mining business. Its primary asset is the Sukhari Gold Mine in southern Egypt. It also mines ore minerals and processes it at its own on-site plant. Furthermore, it owns potentially lucrative exploration and development assets in Burkina Faso and Cote d’Ivoire.
It is worth remembering that a penny share is one that trades for less than £1. So what’s happening with Centamin shares currently? Well, as I write, they’re trading for 91p. At this time last year, they were trading for 94p, which is a3% drop over a 12-month period. The shares issues have pulled the markets and many shares back in recent months.
Why I bought Centamin shares and would buy more
During times of economic crisis, like now, due to soaring inflation and rising interest rates, safe-haven metals like gold offer protection in an investment portfolio as the prices of these commodities rise. This can boost performance and returns for firms like Centamin.
I’m not one to invest for short-term gains. With that in mind, I’m buoyed by Centamin’s long-term growth aspirations. In its recent updates, Centamin confirmed that it is on track to produce half a million ounces of gold in 2024, its highest amount. In addition to this, there are positive signs coming from its exploratory assets, especially the one in Burkina Faso. All these things could boost future earnings and investor returns.
Moving on to the fundamentals, Centamin shares possess a dividend yield of 4%. This yield is above-average for a penny share. However, I do understand that dividends are never guaranteed. In respect of the dividends I’ve received to date, I plan on reinvesting these to buy more Centamin, or other UK shares to boost my holdings.
Next, Centamin’s valuation still looks decent tome on a price-to-earnings ratio of 16. This could tempt me to add some further shares to my holdings.
A penny share with risks but potentially lots of rewards
Despite holding Centamin shares, I am wary of some issues that could impact my investment and the business. To start with, Centamin shares and performance could be adversely impacted ifgold prices were to fall. I’m not too worried about this personally as I believe that due to the current economic outlook, gold prices could continue to rise towards record highs.
The other issue Centamin could face is that exploratory assets may not end up yielding anything of note. This would be a big blow that would most definitely impact performance as well as investor sentiment and returns.
Hi Don, Thank you for the post
In this week’s episode of Live from the Vault, Andrew Maguire covers the latest developments on the intensifying paper versus physical battle and the ongoing central bank gold-buying sprees as Kinesis powers gold adoption in Indonesia.
The precious metals expert and whistleblower provides an update for silver stackers before revealing the global ramifications of the BRICS summit and their upcoming commodity-backed currency poised to compete with the US dollar.
https://tinyurl.com/2s496ap5
A SWIFT transfer, also called an international money transfer, is a secure and standardised method of sending or receiving money from banks anywhere in the world.
https://www.keycurrency.co.uk/swift-transfer/
As they ban countries from SWIFT the dollar percentage will obviously rise
Aug 23, 2023
(Bloomberg) -- The dollar’s role in international payments has never been stronger, according to the latest transaction data compiled by global financial messaging service Swift.
The figures show greenback-related trades rose to a record 46% in July, compared with slightly more than one-third a decade ago. The dollar was the top currency as measured by transaction count, followed by the euro, pound, yen, and yuan.
Large global banks use Swift, or the Society for Worldwide Interbank Financial Telecommunication, to communicate with each other and facilitate interbank currency deals. The information Swift tabulates — like some 200 million FX trade confirmations annually, for example — has offered a window into global flows since the consortium began compiling it in 2010. The latest figures reflect a technical upgrade based on changes this year to how trades are reported.
While Swift’s data doesn’t encompass the whole currency market, it bolsters the idea that the greenback’s role in international finance remains robust — even as some efforts emerge toward more diversification. For example, the multilateral lender founded by the BRICS group of emerging-market nations aims to lift the share of funding it raises in local currencies to 30% from less than 20%.
The dollar’s increasing tally of Swift transactions has largely come at the expense of the euro, which peaked at a 46% share in 2012. Last month, the European common currency’s share of trades was its lowest on record, at slightly less than a quarter.
Swift’s data also reveals the increasing frequency of yuan-related transactions as the Chinese currency gradually becomes more embedded in global foreign-exchange flows. In July, for just the second time on record, more than 3% of instructions sent via Swift involved the yuan, while in 2010, that figure was roughly 0.03%.
https://www.bloomberg.com/news/articles/2023-08-24/dollar-usage-in-global-payments-in-july-rises-to-record-swift-says#xj4y7vzkg
--------------------------------- >>>
If the Euro , after so much integration of policies, laws and regulations between neighboring nations has struggled to replace the dollar, indeed - has perhaps reached it's peak a decade ago - how improbable is ;
1) a BRICS common currency to emerge (who would dictate the interest rate?)
2) an integration of economies between such divergent & far flung nations
the rich get richer and the poor get poorer - same goes for nations
Major European stock indexes traded higher in the premarket on Tuesday as investors awaited the latest data on consumer confidence in Germany. On the agenda, this week, are also inflation prints from the aforementioned country and the Eurozone.
The DAX gained 0.17% at 7:47 am CET, while the CAC 40 added 0.22% and the FTSE 100 advanced 0.83% at the same time. The Euro Stoxx 50 increased 0.19% concurrently.
The euro stood flat against the dollar at 7:49 am CET, selling for 1.08241. The pound was 0.23% higher against the greenback and went for 1.26306 a minute later.
Baha Breaking News (BBN) / AY
Hi Tornado,
Thank you to you for acknowledging your oversight and also for the correction, considering the complexity and amount of the information delivered by different members of management at these quarterly updates it's hardly surprising if something in the detail gets overlooked or misinterpreted , so it's great that Dasut picked up on the oversight, seems like its better news than originally thought !
Thank you also to Dasut!
Tibbs
Dasut
I discovered at least two major errors this evening when I doubled checked previous data. The company has extracted ore from the waste mine tonnage to deliver ounces (some therefore not waste) and the company was also doing planned mine stripping the company usually does on an annual basis. Apologies for missing a few comments that were given by the CFO on this. My earlier figure is therefore well off the mark and is lower per tonne when assigned to the actual overburden. Quite possibly by more than 50% on the figure given before. What I have learned was that the contractor was doing a lot more than getting rid of previous waste and so any commentary inferring that is all they were doing is wrong by a significant margin. Thanks for challenging the figure and making me look at again. An apologies if it had misled anybody here or who read that comment as that it was not intended, Tony
Hi Franky,
I remember the Acacia case, it seems the shareholders really did get shafted.
But to be fair the Centamin Sukari situation is somewhat different as the original concession terms are enshrined in law and the company is in equal partnership with EMRA the government agency.