Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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5,000 of those buys went into my ISA. Averaged down to 95.x on all the holdings. 60% in so far.
Yep plus the Ukraine war pushing up energy and food staples, shutting and opening economies multiple times at a whim causing massive supply chain issues pushing up prices. And of course brexit. I do recall the word “transitory” being used a lot on the rise, but alas now I hear far more “sticky”…
If Mr Rutherford were a meal to be described in gastronomic terms then "Bland" comes to mind!
The two old friends scrutinise the FDIC’s rapidly swelling list of “Problem Banks” that are on the brink of bankruptcy, discussing the deepening American banking crisis which has seen 4 too-big-too-fail institutions collapsing in a 6-week period.
https://www.youtube.com/watch?v=xa_Zwl9l3sw
With mainly Berenberg employees
https://www.linkedin.com/posts/berenberg-conference-and-events-952398215_yesterday-we-hosted-the-annual-berenberg-activity-7077918193209499648-NMnK?
posted 9h ago
Yesterday, we hosted the annual Berenberg Thematic Mining Afternoon and Summer Drinks Reception at the Marylebone Hotel. The afternoon consisted of two panels; 'The Energy Transition Theme: Assessing Where We Are in The Journey' and 'Funding The Next Generation Of Mines To Drive The Energy Transition', followed by a drinks reception in the courtyard.
Thank you to our excellent panelists and to everyone who joined the event.
First panel: Paul Gait (Anglo American), James Whiteside (Wood Mackenzie), James Rutherford (Centamin PLC)
Second panel: Marc Bishop Lafleche (Ecora Resources PLC), George Cheveley (Ninety One), Menno Sanderse (Rio Tinto)
------------------------------->>>>
but also reps from Centamin's 7th largest shareholder Ninety One
https://ninetyone.com/en/united-kingdom
THU., JUNE 22, 2023 MARKETBEAT
OLD Mission Capital LLC bought a new stake in shares of Centamin plc (LON:CEY - Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,143 shares of the mining company's stock, valued at approximately $579,000. OLD Mission Capital LLC owned approximately 6.23% of Centamin at the end of the most recent quarter.
https://www.oldmissioncapital.com/who-we-are/
https://www.marketbeat.com/instant-alerts/lon-cey-sec-filing-2023-06-22/
------------------------------->>>>
Not sure if the % owned is factual/accurate - as a "a privately-held firm" are the disclosure rules for Centamin different? But if true it would put their ownership stake equal with Blackrock - thus 2nd or 3rd largest ownership - yet not included on the following disclosure page
https://www.centamin.com/investors/shares-dividends/shareholder-information/
ps don't shoot the messenger - just reposting what's on the www for all to search
Vol. Sold 832,379
Sold Value £761.82k
Vol. Bought 2,190,038
Bought Value £2.00m
Sudan’s brutal military dictators have opened the floodgates for Russian mercenaries, providing them carte Blanche to plunder Sudan's precious gold.
What do they gain?
Sudan’s dictators get weapons—weapons that fuel a civil war where hundreds of innocent civilians are losing their lives and millions are made homeless.
The Russian government sells the blood-soaked gold and uses the money to avoid sanctions as it murders Ukrainians.
But hear this: Together, we can choke the life out of this bloody gold trade.
Front companies tucked away in the United Arab Emirates are cashing in on Sudan's gold, carrying out these transactions under a veil of secrecy.
US President Biden and EU Commission President Von Der Leyen wield the power to end this blood gold trade. They can cast the UAE into the glaring international spotlight, forcing and end to this trade. But they won't take a stand against their fossil-fuel rich allies in the UAE unless we make them feel the heat of our movement’s worldwide pressure.
https://shorturl.ac/7ajbs
The Bank of England has printed £895 BILLION of new money since 2009, most of it in 2020. You cannot swamp an economy in almost a trillion quid's worth of mickey mouse cash and not expect inflation to tick up a bit.
That’s a great name for it Tony- not heard the phrase but 100% agree with what you are saying. I was playing golf earlier and we talking about the brexit debate on question time last night- I said I thought inflation remains sticky as it’s flipping high and many people are just whacking up the prices a bit as people are expecting a rise- it’s disgraceful but alas a consequence of rapid inflation rise. People are running out of money and this will bring it down, so then prices will fall- this is why I don’t follow and haven’t followed, the bail out of equities some people bang on about.
Steve have you heard about all the greedflation by SP500 companies. They have been pumping up prices all over the place especially staple foods, pepsi cola, consumable durables and the like. Companies have been bragging about it in financial reports and then doing share buy backs with some of the money.
Alas appears short lived... we really need a decent CPI print next time along with other supporting data like Jobless Claims up, NFP down and so on. This has been taking way to long- sticky inflation is the problem- as many long term posters will know, I thought that inflation would top and drop quicker, when in fact it did to pa bit later, then drop a bit, but not quick enough. An acceleration will made a big difference here- so here's hoping :-).
The prices of gold and silver rose on Friday after Federal Reserve Bank of Atlanta President Raphael Bostic shared he would not be supporting further interest rate increases in 2023.
Bostic previously stressed that the economy should be given time to adjust to the tighter monetary policy before more firming takes place. The comments seem to have given traders some hope that there is a chance the Fed might skip hiking rates at its next meeting despite Chair Jerome Powell's remarks.
Gold advanced 1.12%, to go for $1,935.44 per ounce at 9:31 am ET. Silver increased 1.17%, selling at $22.52 per ounce at the same time. Meanwhile, platinum was flat, standing at $925.06 per ounce at 9:32 am ET. Palladium traded 0.73% lower, to go for $1,279.05 per ounce concurrently.
Baha Breaking News (BBN) / AY
INFLATION!!!
Trading numbers are low.Fewer people buying shares ,especially gold mining shares until the gold prices stabilises ,but buyers of gold buying in the dips. in the dips. Summer is noted as being a quiet time for gold and Poells utterencies do not help. But really not much has changed.
January 23, 2023
GP = 1930
SP = 116
June 23, 2023
GP = 1926
SP = 91
???????????????????????????????????????????????????????????????????????????????????????????????
The good thing is that Centamin earns in USD and pays its workforce and local suppliers in EGP. This goes a long way to lessen the effect of Egyptian inflation I believe.
Thanks. Price of gold is the major determinent for Centamin share price. I have recently bought some Barrick Gold as I can now buy US and Canadian shares with my Barclays account. Egyptian inflation is high and presumably this will affect Centamin 's wage costs. I think I may tend to buy more US and Canadian shares as I am not optimistic about UK economy post Brexit and with a probable labour Government in the fairly near future. I might consider further property investment next year if buy to let property becomes much cheaper. My main financial concern are future care cost in old age for my self and my wife ! Cost at the start and the end of life are very expensive !!!
Nice to see you a bit more positive about Centamin now Mr T. I'm hoping from here that gold and the share price will start to climb a bit. With the recent drop in price, at least we will be getting a few more shares with the reinvested dividend (I think it should be paid today?) .
I suppose gold mining is very difficult to predict as you never know how much gold is actually in the ground in an area until you mine it.
If the price of gold holds or rises, then things might start to look a bit better in the coming months. With the waste clearance having opened things up a bit and then getting an updated estimation of when the waste clearance will be finishing, that should give us a boost. I think once we get a date for that the market will like it. That should bring down costs by a lot and boost profit. Along with the solar and the grid connection that should really help.
A bit of good news about the court case and the other parcels of land would also help.
A decent increase in the dividend would make me happier as with the recent rise in interest rates, you can now get a similar return from a building society as the dividend here, without the risk.
Its funny isn't it? That on the boards you always get the rampers, de rampers, gob sh-tes, know it alls and rude people who dismiss everyone else. This board can get a bit like that at times but the core of people is generally gentlemanly on here.
Have a good weekend Mr T.
Maybe wishful thinking Terry,
This share in many respects, not least of all because of the inappropriate mining methods being employed by self serving senior management resulting in a near catastrophe at Sukari has been knocked down to the very bottom of the bargain bucket.
But that said Sukari is still capable, and is still producing very respectable gold output the profits on which will improve once the high AISC brought about by the re sculpting of the mine start to fall ff significantly in 2024.
So there is great potential here despite what happens in the short term to the POG due to the market knee jerk reaction of interest rates reaching levels they should have been decades ago had our politicians not carried on kicking the can of the reality of failed political politicises of underinvestment in environmental infrastructure . NHS and other public services , not to forget ever rising personal debt down the road for far too long.
Far too much short term trading in the stock markets rather than real investment for the long term sustainability is one of the main reasons the world is n the sorry state it is !
European stock markets were lower ahead of the trading session on Friday. Private sector activity data for Germany, the Eurozone and the United Kingdom are due soon after the exchanges open.
The DAX fell by 0.76%, London's FTSE 100 moved 0.35% down, the CAC 40 declined 0.69% and the EURO STOXX 50 lost 0.64% at 7:20 am CET.
The euro was 0.23% lower compared to the dollar, changing hands for 1.09304 and the British pound decreased 0.30% to $1.27536 at 7:34 am CET.
Baha Breaking News (BBN) / MS
Happy Friday y’al
Enjoy your weekend.
*Dividend payment day.
I seem to recall in the past directors part of the T&C on on the awarding of bonus shareS to directors was that they held them for a minimum term of two years.
Centamin PLC
June 5, 2023·5 min read
Centamin PLC
In this article:
CEY.L
Watchlist
CELTF
DIRECTOR/PDMR SHAREHOLDING
PERTH, AUSTRALIA / ACCESSWIRE / June 5, 2023 / Centamin plc ("Centamin" or "the Company") (LSE:CEY)(TSX:CEE)
Centamin announces that the 2020 share awards under the Company's shareholder approved Remuneration Policy and Performance Share Plan ("PSP") have partially (63.1%) vested.
The share awards are for ordinary shares of nil par value in the Company. As per the PSP, awards carried the right to dividend equivalents on the shares that vested.
For more details on the Company's long term incentive plans, including performance conditions of the PSP, please refer to the Remuneration Report within the 2022 Annual Report and Accounts, available on the Company's website
https://shorturl.at/gBQY8
https://shorturl.at/CLPS0
https://www.1stformations.co.uk/blog/transferring-and-issuing-company-shares/
Both Bloomberg and the other website only reprinted the rns from June 5th and nothing more.
After his share purchase on March 17th Martin Horgan’s holding was confirmed at 206,507 add to that the amount awarded on June 5th 372,290 less the amount sold ‘on the same day’ of 174,976 brings the total and current holding to 403,821
I arrive at the belief that MH opted to receive a portion of his allocation in cash by the fact that the 174,976 shares were disposed of on the day they were issued.
Not one press report exists that states ‘Martin Horgan, Centamin CEO sold shares’ but yet this board that as far as I’m concerned serves to welcome and entice new investors who show interest in the stock, keeps repeating the same nonsense that’s helping no one.
I believe the company will begin to show positive results and a recovery of the share price with it.
Same time period as Horgan selling, VanEck ETF dumped 0.7% of total cey shares, about 7 million. Coincidence?
That's the article I read.