Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Please share!
As I have a few bots that search the web for investment related posts I did 'energize' the issue by posting the following link - but if you know that to incorrect please enlighten us. It's not as if I am the controller of defenseworld.net
https://www.defenseworld.net/2023/06/07/centamin-plc-loncey-insider-martin-horgan-sells-174976-shares.html
Posted by Defense World Staff on Jun 7th, 2023
Centamin plc (LON:CEY – Get Rating) insider Martin Horgan sold 174,976 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of GBX 99 ($1.23), for a total transaction of £173,226.24 ($215,348.38).
Also,
Where did you get the info that Centamin's CEO opted for cash in lieu of shares? And did you say he then used the cash in lieu of shares to buy shares on the open market? That would be pointless, no? And perhaps implausible?
The Treasury and the Bank of England are exploring the introduction of a digital pound and they want to hear from us, the public. Do we think it should be run by private or public organisations? Do we think it should protect our privacy? Email them now to tell them what you think. We’ve made a start to help you. The deadline to have your say is 30th June.
Money is an essential utility. Like water and electricity we rely on it everyday to live our lives. But over the last few decades our money and payments system has been privatised right under our noses. Right now the only form of public money available to ordinary people is physical cash. Without cash, we’re forced to rely solely on private banks and card companies to make electronic payments. And when the big banks get into trouble, governments jump in to bail them out with taxpayers money because we need them to run our online payments system. Positive Money believes a digital pound is our chance to return electronic money into public hands. [1]
The collapse of Silicon Valley Bank, Credit Suisse and First Republic Bank this year alone show how risky and unstable the financial system is. Running alongside physical notes and coins, a digital pound would disentangle our money and payments system from risky private banks and keep our money system - a vital public good - in safe public hands.
The Bank of England is running a public consultation until 30th June with an online survey of 12 questions on a range of topics and technicalities. [2] You can either respond to the survey or email the consultation directly with your thoughts (digitalpoundconsultation2023@bankofengland.co.uk). To make things a little simpler, we’ve drafted a template email you can email to them directly, or edit as much as you like, making the case for a public digital pound that’s truly inclusive, accessible and privacy-enhancing.
This is a rare chance for us to get our voices heard by the Bank of England and Treasury and push for a truly publicly owned money system. Together, let's urge the Bank of England to build a public money and payments system we can trust, to break free from the big banks, and to build a fairer and more democratic economy.
https://rb.gy/sr4fd
All that rubbish about gold being best against inflation . look like never happened these last few years
we need worlds war 3 to see Gold move... (hopefully it won't happen)
I read that as technical MrTibbles.
Hi Razor's,
We did also get an RNS on this-
https://finance.yahoo.com/news/centamin-plc-announces-director-pdmr-154000341.html
https://www.bloomberg.com/press-releases/2023-06-05/centamin-plc-announces-director-pdmr-shareholding
Directors Deals for Centamin PLC (CEY)
Announced Traded Action Notifier Price Currency Amount Holding
05-Jun-23 05-Jun-23 Transfer From Ross Jerrard - - 246,090 866,090
05-Jun-23 05-Jun-23 Sell Martin Horgan 98.74 GBX 174,976 403,821
05-Jun-23 05-Jun-23 Transfer From Martin Horgan - - 372,290 403,821
23-Mar-23 22-Mar-23 Buy Ross Jerrard 100.30 GBX 52,490 620,000
23-Mar-23 21-Mar-23 Buy Ross Jerrard 100.00 GBX 510 620,000
17-Mar-23 17-Mar-23 Buy Martin Horgan 100.68 GBX 99,314 206,507
23-May-22 19-May-22 Buy Ross Jerrard 82.50 GBX 67,000 567,000
23-May-22 20-May-22 Buy Mark Bankes 83.60 GBX 30,000 319,000
23-May-22 23-May-22 Buy Martin Horgan 83.50 GBX 65,788 107,193
31-Dec-21 31-Dec-21 Notification of Holding Marna Cloete - - - 15,000
31-Dec-21 30-Dec-21 Buy Mark Bankes 87.28 GBX 29,000 289,000
29-Sep-21 29-Sep-21 Buy Mark Bankes 92.43 GBX 40,000 260,000
14-Sep-21 13-Sep-21 Buy Ross Jerrard 91.70 GBX 15,000 500,000
29-Jun-21 28-Jun-21 Transfer From Ross Jerrard - - 102,000 485,000
26-Mar-21 25-Mar-21 Buy Ibrahim Fawzy 104.86 GBX 140,000 140,000
25-Mar-21 25-Mar-21 Buy Martin Horgan 104.50 GBX 25,000 41,405
24-Mar-21 23-Mar-21 Buy Catharine Farrow 1.84 CAD 30,000 30,000
24-Mar-21 23-Mar-21 Buy Sally Eyre 1.79 CAD 15,000 15,000
23-Mar-21 23-Mar-21 Buy Mark Bankes 104.65 GBX 30,000 220,000
23-Mar-21 23-Mar-21 Buy James Rutherford 103.85 GBX 50,000 250,000
08-Dec-20 07-Dec-20 Buy James Rutherford 120.10 GBX 100,000 200,000
07-Dec-20 04-Dec-20 Buy Martin Horgan 121.84 GBX 16,405 16,405
07-Oct-20 05-Oct-20 Buy Ross Jerrard 147.88 GBX 15,000 365,000
06-Oct-20 05-Oct-20 Buy James Rutherford 151.68 GBX 100,000 100,000
11-Nov-19 08-Nov-19 Buy Marna Cloete 112.50 GBX 15,000 15,000
05-Jun-19 04-Jun-19 Transfer From Ross Jerrard - - 350,000 770,000
05-Jun-19 04-Jun-19 Transfer From Andrew Pardey - - 276,000 2,295,268
05-Jun-19 04-Jun-19 Transfer From Josef El-Raghy - - 56,000 10,710,909
14-Jun-17 13-Jun-17 Sell Josef El-Raghy 173.00 GBX 5,000,000 35,950,000
14-Jun-17 12-Jun-17 Sell Josef El-Raghy 177.00 GBX 5,350,000 35,950,000
06-Jun-17 04-Jun-17 Transfer From Andrew Pardey - - 440,000 3,132,601
06-Jun-17 04-Jun-17 Transfer From Ross Jerrard - - 420,000 420,000
06-Jun-17 05-Jun-17 Sell Andrew Pardey 168.00 GBX 33,333 3,099,268
15-May-17 09-May-17 Buy Trevor Stanley Schultz 153.90 GBX 2,600 32,600
01-Mar-17 27-Feb-17 Sell Josef El-Raghy 173.40 GBX 5,000,000 46,300,000
27-Feb-17 23-Feb-17 Sell Josef El-Raghy 179.00 GBX 4,040,000 46,300,000
23-Feb-17 20-Feb-17 Notification of Holding Josef El-Raghy - - - 53,849,372
22-Feb-17 21-Feb-17 Sell Josef El-Raghy 175.70 GBX 5,000,000 33,399,372
22-Feb-17 20-Feb-17 Sell Josef El-Raghy 178.20 GBX 5,000,000 33,399,372
10-Feb-17 09-Feb-17 Sell Josef El-Raghy 173.00 GBX 5,000,000 43,399,372
13-Jun-16 10-Jun-16 Sell Josef El-Raghy 111.00 GBX 5,000,000 53,849,372
07-Jun-16 04-Jun-16 Transfer From Andrew Pardey - - 690,000 2,692,601
07-Jun-16 04-Jun-16 Transfer From Ross Jerrar
I don’t think Martin has ever sold any Centamin shares.
I believe he took a portion of his bonus allocation in cash and then later he bought some.
I also believe that someone who is energising this issue also know the truth.
Quite so Steve,
But that said but he is hardly strapped for cash after the sale of Toro that is not allowing for his handsome CEO salary , and if he believes in his own strategy then he should demonstrate it to other share holders to invigorate trust or confidence by the market ,and of course then reap the benefits of his investment!
With peanuts for dividends you can only expect this to romp back down to support.
Does any of this really matter? All the charts and stats, bottoms, double bottoms and so on have demonstrated zero use as per normal
Sub 91p. Low RSI as daily hits 26.
And maybe he wanted to invest the cash into an AI company or another company who’s SP rises or maybe he bought a stack of crypto lol (this is all tongue in cheek so not meant to start an attack thread!). He is, of course, entitled to do what he likes with his shares. CEY is currently getting whacked like the majority of other miners in this high, way more stickier than expected, inflationary environment.
Most likely he sold cos he was given shares and not cash as his bonus. He gets cash like anyone else who sells their shares so wanted the money.
European stock exchanges were lower in premarket trade on Thursday ahead of interest rate decisions by the Swiss National Bank and the Bank of England. The persistence of high inflation in the United Kingdom is expected to lead to another rate increase by the BoE.
The DAX decreased by 0.39%, London's FTSE 100 lost 0.53%, the CAC 40 was 0.41% lower and the EURO STOXX 50 declined 0.65% at 8:01 am CET.
The euro was flat compared to the dollar at 7:59 am CET, trading at 1.09862. The British pound was 0.12% lower than the American currency, going for 1.27536 at the same time.
Baha Breaking News (BBN) / MS
Hi SeaHorse, Fair comment, why not put that question to FTI or Centamin investor relations?
Be very interested in their answer!
Hi Rebess, Certainly do remember the last time when Josef sold shard loads of his shares supposedly so that he could take a back seat!
The use of the "Investor Meet" portal might be portrayed as improving communications with investors, however it's also a great way of being able to censor out the awkward questions, also why the change of PR company at this critical time to one that likely knows far less about Centamin's time in Eygpt to FTI for what appears nothing more than a case of the old pals act!
Weeks ago, Horgan mentioned gold mining sector need a consolidation, then he sold a lot, what that mean?
Playing their games or a big red-flag wave? - Remember the last time?
Average after 25 weeks is 105.8p. Assuming 43% production target hit. Average futures price since 1 Jan is $1939. Pound was 1.22 USD to Pound and is now 1.27p. 91.9p Centamin share price equates to an average gold price from tomorrow to 31 December at $1800 per ounce with currency exchange being constant and production forecast split at 44/55% H1/H2 split at medium target being hit.
The question therefore is whether gold has a rally or not in the following six months. If gold remains at 1800 average USD for all of the remaining part of 2023 then price per ounce average futures price for all of 2023 will be at $1865 per ounce.
Mortgage rates keep climbing
Mortgage rates keep climbing, with more rises expected following today’s higher inflation reading.
According to Moneyfacts, the average two-year fixed residential mortgage rate today is 6.15%, up from 6.07%. The average five-year rate is up from 5.72% to 5.79%.
Rates are also up for buy-to-let deals, with two-year rates increasing to 6.44% and five-year rates to 6.31%.
Lenders continued to pull products, with 143 less products on the market.
29 minutes ago
Economists predict Bank will jump straight to 5%
Economists at Capital Economics now expect the Bank of England to hike rates straight to 5%, rather than the previously forecasted quarter-point rise to 4.75%.
“In response to May’s inflation data, released earlier today, we now expect the MPC to raise interest rates by 50bps to 5.00% at tomorrow’s meeting,” group chief ecnomist Neil Shearing said. “A lot of attention has focussed on the fact that inflation failed to fall in line with expectations last month and was instead unchanged at 8.7%.
“But the bigger concern in our view is that core inflation rose yet again, hitting a 31-year high of 7.1%. This marks the UK out from other advanced economies, including the euro-zone and the US, where core inflation has started to fall.”
33 minutes ago
Lloyds and NatWest shares under pressure, FTSE 250 down 0.8%
The UK-focused FTSE 250 index today felt the force of today’s shock inflation figure, falling by 0.8% or 144.92 points to 18,601.24.
The FTSE 100 index, which is dominated by oversea-earning stocks, fell 0.4% or 27.62 points to 7,541.69 in a performance still weaker than those seen in Frankfurt and Paris.
Recession fears caused by expectations of even higher interest rates meant shares in UK-focused lenders NatWest and Lloyds fell 3% and housebuilding stocks Taylor Wimpey and Barratt Development lost more than 2%.
In the FTSE 250, stocks under pressure included British Land as its shares fell 3% or 9.8p to 326.1p.
35 minutes ago
Chamber of Commerce research boss warns of ‘wage-price spiral'
David Bharier, head of research at the British Chambers of Commerce, said that the current inflation crisis is now showing signs of a wage-price spiral.
“Today’s CPI rate of 8.7% shows that inflation is remaining elevated for longer than expected,” he said. “After 18 months of price shocks, the impact of sustained inflation remains the top issue for the vast majority of firms we speak to. What started as a commodity price shock has now created a wage-price spiral.
“However, much more positively, the producer input price (PPI) rate has slowed significantly once again to 0.5%. With our research showing that gradually fewer firms expect their own prices to rise, energy and commodity costs may fall away as drivers of consumer inflation.”
40 minutes ago
6% rates fully priced in
City traders are betting that 6% interest rates are all but certain, after to
Major European stocks posted losses ahead of Wednesday's session as investors assessed the latest inflation data from the United Kingdom. Today's release showed that British inflation exceeded market expectations last month, putting new pressures on the Bank of England, with core CPI reaching a 31-year high.
The FTSE 100 declined by 0.29% at 8:12 am CET, while the DAX fell by 0.11%. The CAC 40 lost 0.17% and the Euro Stoxx 50 slipped 0.15% at the same time.
Both the euro and the pound traded mostly unchanged against the dollar at 8:13 am CET to sell for 1.09106 and 1.27698, respectively.
Baha Breaking News (BBN) / ND
Happy hump y’al
*Midsummer's Day.
The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you've just ordered, order it first, then raise the price before your order is complete.
https://www.youtube.com/watch?v=lVgSF8CzSy4
https://www.dailymotion.com/video/x3ofbav
Being as I only ever post on BTC and/or crypto in response to others posting when it drops- so here’s my first proactive post on a jump lol
https://www.cnbc.com/amp/2023/06/20/bitcoin-hits-new-high-for-june-as-more-financial-incumbents-signal-commitment-to-crypto.html
I love that people think there is someone in control it’s like religious people’s views of life. The market is the market, no one is in control, just play it as is it is… I also have zero faith in gold flying should equities drop sharply and quickly, this is represented in the historical facts. Just play the markets guys and gals, it’s really that simple, you cannot control it.
Than he paid just 3 months earlier ?
------------------------------------------>>>
Posted by Defense World Staff on Jun 7th, 2023
Centamin plc (LON:CEY) insider Martin Horgan sold 174,976 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of GBX 99 for a total transaction of £173,226.24
https://www.defenseworld.net/2023/06/07/centamin-plc-loncey-insider-martin-horgan-sells-174976-shares.html