The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi Razor's.
Thank you for the update, this seems quite impressive, however what we need is some news when the clear up costs will reduce greatly to the norm because until then the share price is buggered !
European stock exchanges were higher in the premarket tradomg on Wednesday with a slew of data expected to come out today.
Investors will keep their eye on the release of consumer and producer prices data in Britain, as well as Eurozone's inflation data and construction output report.
London's FTSE 100 added 0.18%. The CAC 40 grew 0.06%. Frankfurt's DAX gained 0.21%. The Euro Stoxx 50 rose 0.40%.
At 7:57 am CET, the euro was flat against the greenback, selling at 1.12326. The British pound was down by 0.07% versus the dollar to trade at 1.30275.
Baha Breaking News (BBN) / AB
Happy Hump y’al
This day week is lucky numbers day!
8.7% in May down to 7.9% in June- this is UK and good news, plus core down.
Absolutely agree Paul, "steady as she goes" is all well and good, but it shouldn't be used as an excuse to underperform!
Until the cost of waste clearance is greatly reduced this share is going nowhere!
Prices of precious metals increased on Tuesday after several economic data reports out of the United States failed to meet expectations. Fears about the state of the world's strongest economy could be pushing traders toward assets considered safe in times of instability.
Gold increased by 1.35% to $1,981.34 per ounce at 10:23 am ET. Silver gained 0.62% and reached $25 per ounce at the same time. Platinum advanced 1.32% to $993.21 per ounce at 10:24 am ET. Palladium climbed up 2.12% to $1,299.35 per ounce concurrently.
Baha Breaking News (BBN) / MS
*Paulmetcalfe…. Agreed,agreed and agreed!
And lets hope it carries on climbing!
One of the things that I try and take as a positive through the recent long slump in the share price is that I think they estimated gold at an average selling price of $1850 and I'd guess we have been $80 or more above that for most of the year? If as Sotolo says, we are roughly geared to 3 times any movement in gold, then that $80 above estimates has got to help profits a bit and mitigate the AISC and the pain of clearing the waste.
An update on the waste clearance and an estimated completion date would help matters a fair bit I would have thought.
I'm hoping for a bit better than a "Steady as she goes" update next week.
Gold + $26.34 + 1.34% $1981.24
Gold + $14.33. + 0.75% 1969.70
In Eygpt thousands of donkeys are cruelly slaughtered annually for their skins.
SOS also bravely intercepts traders attempting to transfer donkeys to Egypt, where donkey slaughterhouses are suspected to be active and serving the insatiable Chinese donkey skin trade.
https://www.youtube.com/watch?v=5lWGmvVfpFI
I have no problem with sponsoring this as long as it leads to something positive for the company, how many of these taking shops and corporate and governmental beano's have resulted in nothing!
Https://twitter.com/centaminplc/status/1681221866210353152?s=61&t=wPRUR5w_YhDaiuhBs7gRKQ
Major stock exchanges in Europe were flat to higher in the premarket hours on Tuesday, with the Eurozone currency surging to a new peak against the US dollar, reaching its highest level since February 2022 to hit $1.12626 at 7:15 am CET.
Meanwhile, Novartis reported better-than-expected second-quarter results, with its earnings per share skyrocketing 44% in comparison to the corresponding quarter the year before.
The Euro Stoxx 50 added 0.12%. Meanwhile, London's FTSE 100, Frankfurt's DAX, and the CAC 40 were flat at 8:01 am CET.
At 7:55 am CET, the euro rose 0.15% against the greenback, trading at $1.12530.
Baha Breaking News (BBN) / AB
Sorry the cross ramping will be only this one post.
You may know HUM already. H2 results due on 25th July, with plenty of updates coming.
IMO, HUM has much more sp appreciation potential than CEY.
Hurry up...
Centamin the company is run just like any other pyramid scheme on bulls9hit and broken promises !
Cowichan, I don’t think the 50% profit split plus extra 2.5% royalty is that bad, many miners pay that much in tax, and often those taxes rise and rise
The SP has risen last 12months - but they would have lost out big down in previous years- and should be clobbered for it, but there is zero incentive, they get their salaries no matter what and along with 3 rd party contractors- this is where all the share money poor long terms investors has gone to.
They don’t care- as all the directors get huge salaries and bonuses so do very well indeed- as I’ve been saying for years , about one they got paid on SP ONLY- at the VERY LEAST it should be their salary minus or plus the SP % change in previous year.
Now there's a thing Cowichan!
Now what's EMRA actually contributing into the development of these mines, let me guess sweet F*** all!
Our CEO, Investor Revelations or FTI shook a leg in order to try and invigorate this share price!
Possibly they are all content with their lot, don't care a fig will sit on their hands whilst it drops own the lavatory into the penny share section!
Gold down a tad today, but a good kick in the crotch for the Cey share price so its once again dragging its ar(se along on the bottom of the sea of hopelessness!
July 17, 2023
EGYPTMINING
Arab Finance: The Egyptian Ministry of Petroleum and Mineral Resources will sign seven contracts with Centamin and Barrick Gold this week for the commercial exploitation of gold discoveries, Asharq Business reported on July 16th, citing unnamed sources with the matter.
The deals will allow the government to obtain 50% of the net profit achieved from the commercial operation of the gold mine when it is operational, according to one of the sources.
https://www.zawya.com/en/projects/mining/egypt-to-pen-gold-exploration-contracts-with-centamin-barrick-gold-within-days-g2on7gu5
----------------------------->>>
As we know, the NEW terms are supposed to be a more attractive tax & royalty scheme - reverting to a 50% profit split would be back to the old terms
A interesting concept because the Sukari project may be regarded as already 50% privatised or 50% nationalised, Centamin being the private party and EMRS being the Eygptian governments representative, if everyone recalls this was what the court case was all about and why it went on for so long!
Whatever though, my overriding concern is that the share price remains on it's ar(se because neither of the two joint parters behaved honourably or with due diligence, that being Centamin carried out bad mining practice for over decade which the Jersey BOD and EMRA both went along with because all they were concerned about was getting as much profit as possible in the shortest possible time without out a care for the shareholders, or the long term consequences!
In short this seems like the perfect partnership between a pair of "Shysters"!
I do hope that Centamin and their new PR company FTI read this!
If you really want to look at Egypt basics- see here:
https://tradingeconomics.com/egypt/foreign-direct-investment#:~:text=Foreign%20Direct%20Investment%20in%20Egypt%20averaged%202947.09%20USD%20Million%20from,the%20second%20quarter%20of%202002.
Here is the details on the link below
The Madbouly cabinet’s big privatization presser did not disappoint. The government has already signed agreements worth USD 1.9 bn to sell state-owned assets, Prime Minister Moustafa Madbouly said at the press conference.
The state has sold stakes in three oil and petrochemicals firms, its hotels holding company, and Ezz Dekheila Steel. Named buyers include Abu Dhabi sovereign wealth fund ADQ and Talaat Moustafa Group subsidiary Icon Investments. We have the full rundown — including details of further transactions in the pipeline — in this morning’s news well, below.
https://shorturl.at/mqPR5