George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Https://twitter.com/joburgindaba/status/1673653029613043712?s=61&t=wPRUR5w_YhDaiuhBs7gRKQ
Terry by the time it gets to aquiring plant ,Sukari should be turning a very healthy profit.
There is still the PFS to complete then the Bankable feasability study.
Possibly a minimum of 3 years maybe 5.
Terry by the time it gets to aquiring plant ,Sukari should be turning a very healthy profit.
There is still the PFS to complete then the Bankable feasability study.
Possibly a minimum of 3 years maybe 5.
Https://twitter.com/centaminplc/status/1673605913603653633?s=61&t=wPRUR5w_YhDaiuhBs7gRKQ
More like 'in the bunker'
Lol- after 9 holes and it’s lost half it’s gain ffs- but just hold for sure
A golfing term Steve… Looks like Centamin is “at the turn”
Not before time… away from the pc on this joyous occasion .
Real time + 5%
I sense the bottom is in play on Centamin. It is seriously undervalued as we go into H2 as production is planned to be 22% higher than H1 and we still have gold futures in the 1930's. If a July summer rally in gold takes place we could see Centamin testing 125p again.
This is why I bought in yesterday as posted
Good job I was 85% bought in at the close yesterday. The rest can be held in case the bottom is not in. The Doropo study shows the company could earn around $185M if they sold it as an asset.
The capex is big at $350m..I guess the dividend would have to stop so they can fund the build
Thanks Razor- just got to golf, and this is good news- will it move the SP up, who knows as generally actual results are the things that do this, but I cannot find a negative here and a big positive for potential and money not wasted
WEBCAST PRESENTATION
The Company will host a webcast presentation with the interim results on Wednesday, 26 July 2023 at 08.30 BST to discuss the results and Doropo Gold Project, followed by an opportunity to ask questions.
*This is the same day that the Q2 numbers are scheduled for release.
MARTIN HORGAN, CEO, commented: "The results from the Doropo PFS demonstrate an economically robust project that meets Centamin's hurdle rates to proceed with a definitive feasibility study. A life of mine average production rate of approximately 175kozpa at US$1,000/oz AISC over 10 years delivering an IRR of 26% at a gold price of US$1,600/oz in a well-established mining jurisdiction represents an excellent outcome. We have identified opportunities to further optimise the project which will be assessed as part of the DFS which is scheduled for completion in mid-2024. A substantial part of the DFS fieldwork has already been completed in 2023 which derisks the timeline to completion and further confirms our faith in the potential of Doropo to support a commercially viable project which will bring significant investment and job creation to northeastern Côte d'Ivoire."
https://www.lse.co.uk/rns/CEY/positive-doropo-gold-project-pre-feasibility-study-z43tb54e4w3aser.html
Blimey, finally Cowichan and I the last time I posted on inflation which I've continually posted about about for soooooo long and you said I talk absolute ****- the worm has turned.
Major stock indexes in Europe traded higher in the premarket on Tuesday as investors awaited speeches from various European Central Bank policymakers, who will be participating in the ECB Forum in Sintra. On the agenda this week is also the Eurozone business climate report, alongside German consumer confidence and inflation, and the United Kingdom's gross domestic product.
The DAX gained 0.26% at 7:29 am CET, while the CAC 40 added 0.35% and the FTSE 100 rose 0.32% at the same time. The Euro Stoxx 50 increased 0.28% concurrently.
The euro was up by 0.17% against the dollar at 7:29 am CET, selling for 1.09275. The pound was 0.19% higher against the greenback and went for 1.27376 a minute later.
Baha Breaking News (BBN) / AY
Quarterly average all-in Sustaining Cost (AISC) for #gold mining rose to US$1,358/oz (+6% m/m, +10% y/y). This a new high
https://www.gold.org/goldhub/gold-focus/2023/06/evolving-picture-global-gold-production
https://twitter.com/KrishanGopaul/status/1672174973283074048
----------------------->>>
Thoughts:
When will inflation abate? How will miners pay for exploration? Are dividends safe?
IMHO , If CEY Div is not a fair performance to date ???? Its simples ?? Just get on with it and ....Move on to another stock mmm , easy. Money is to be made on LSE .
As always DYOR . I'm never married to a stock . Patience and research is key IMHO.
To all true Investores Have a good trading time ahead.
Cheers ,
Buck - enjoy a pint or two ;-))
Along with these heavy hitters:
https://www.londonindaba.com/other-indabas/the-london-indaba-2023
2023 Speakers
Robert Friedland - Founder & Executive Director & Co-Chairman, Ivanhoe Mines
Neal Froneman - CEO, Sibanye-Stillwater
Martin Horgan - CEO, Centamin
Tom Attenborough - Head of IBD, London Stock Exchange
Mark Bristow - CEO, Barrick Gold Corporation
Matthew Chamberlain CEO, London Metal Exchange
George Cheveley - Portfolio Manager, Ninety One
Martino De Ciccio Deputy CFO & Head of Investor Relations, Endeavour Mining
Martin Horgan, CEO, Centamin, will discuss his company and the Nubian Shield at the inaugural #londonindaba, 26-27 June #joburgindaba http://londonindaba.com
https://twitter.com/joburgindaba/status/1672938014077591554
---------------------------------->>>>
Thoughts:
- Ninety One has been meeting oft with Mr Horgan lately ( top 7 shareholder )
- Barrick has been rebuffed several times already this year by mids & majors alike not keen on a zero premium merger, but at Centamin's current share price, even a 25% premium would look good on paper to both parties , and maybe even some LTHs tired of the battle
Https://mausam.imd.gov.in/responsive/monsooninformation.php
The monsoon was 7 days behind rainfall patterns early on and now down to just 4 days and catching up to normal.
This should give us a tailwind in the not to distant future.
Hanna Liubakova, a Belarusian journalist and researcher, said the deal shows that "Lukashenko plays the role of Putin's puppet"!
Steve Rosenberg says Putin began yesterday by saying Russia had been “stabbed in the back” by the Wagner Group’s attempted mutiny.
By the end of the day its leader Yevgeny Prigozhin, whom Putin had labelled a traitor, had all the charges against him dropped.
“We don’t know all the details of the agreement that was reached between the Kremlin and Wagner,” he tells the BBC’s Laura Kuenssberg.
Marina Litvinenko - whose husband Alexander Litvinenko was a critic of Russia’s President Vladimir Putin, before being killed in 2006 - has said the attempted rebellion reveals Putin's weaknesses.
t shows Putin's "brutal" image is "just for frightening people", she tells the BBC's Laura Kuenssberg show.
She also warns against praising Wagner chief Yevgeny Prigozhin.
"Prigozhin is not a hero, he is a criminal, and he committed a lot of bad things in Ukraine," says Marina Litvinenko!
https://shorturl.at/dhxX4
Am back in now too
Up to 75% in.
Most European markets rose slightly in premarket trading on Monday as investors digested the attempted Wagner Group rebellion in Russia. After taking control of Russia's military headquarters in Rostov and Voronezh, Wagner leader Yevgeny Prigozhin accepted Belarusian President Alexander Lukasneko's proposal to retreat and the Kremlin said the charges against him will be dropped and that he will leave for Belarus.
The Euro Stoxx 50 added 0.09% at 7:22 am, the DAX rose 0.12%, the CAC 40 was up 0.10%, while the FTSE 100 traded flat at the same time.
The euro gained 0.11% against the dollar to go for 1.09070 at 7:31 am CET and the pound increased 0.15% compared to the greenbackbto sell for 1.27366 at the same time.
Baha Breaking News (BBN) / NP
Happy Monday y’al
*last week in Q2 + end of H1
RNS possibility this week high surely.
Mediocre dividend !