Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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The support line area is quite strong and the descending resistance channel has nearly run out of room. Like a triangle with less space between support and the resistance.
director/pdmr shareholding
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://www.centamin.com/annual-report-2022/).
director/pdmr notifications
in accordance with the requirements of article 19 of the uk market abuse regulation (regulation (eu) 596/2014, as it forms part of uk domestic law by virtue of the european union (withdrawal) act 2018), the company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
all vested shares (net of tax) will be held by the directors for a further two-year period and these shares will be retained towards the company's in-employment and post-employment share ownership guidelines detailed in the 2022 remuneration report. disposals referred to in this announcement are to cover tax liabilities on the vested share awards.
this announcement contains ongoing regulated information.
for more information please visit the website www.centamin.com or contact:
centamin plc
alexandra barter-c****, head of corporate communications
investor@centaminplc.com
fti consulting
ben brewerton / sara powell / nick hennis
+442037271000
centamin@fticonsulting.com
notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 details of the person discharging managerial responsibilities/person closely associated
a) name martin horgan
2 reason for the notification
a) position/status director - chief executive officer
b) initial notification/amendment initial notification
3 details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) name centamin plc
b) lei lei 213800pdi9g7ouklpv84
4 details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) description of the financial instrument, type of instrument
identification code ordinary shares
isin je00b5tt1872
b) nature of the transaction vested share awards that were granted in june 2020 under the terms of the company's performance share plan
c) price(s) and volume(s)
price(s) volume(s)
nil 372,290
d) aggregated information
- aggregated volume
- price
372,290 cey shares
98p support line doing okay this morning and a possibility for a bounce to top of the down channel around 100.5p area if gold holds or edges a bit higher. Overnight Asia markets favouring a FED pause however that view can change back quickly. AT least FED members are in black out with media. Gold in USD appears to like pause message as USD edges back.
Major European markets traded flat on Tuesday's premarket session. Among yesterday's top stories, it was known that, according to Sentix, investor confidence in the eurozone worsened in June. In addition, S&P Global and Hamburg Commercial Bank (HCOB) reported that business conditions deteriorated in May.
At 7:20 am CET, major European indexes, the German DAX, the CAC 40, the FTSE 100, and the pan-European Euro Stoxx 50 were flat.
Two minutes later, on the currency front, the euro and the British pound improved by 0.14% and 0.13% against the dollar, selling for $1.07280 and $1.24523.
Baha Breaking News (BBN) / JG
Hi Tornado,
Your post confirms what a wholesale gold trader told me.
Hi Astro,
Valid comments!
'Farage was never the hard up ordinary bloke he liked to promote himself as,
One close colleague says he has the strengths (and weaknesses) of his former career as a commodities trader. "He can spot openings in a market and take snap decisions, but he does not think strategically. He thinks and acts on the spur of the moment, as you would expect of a trader."
https://www.bbc.co.uk/news/election-2019-50565543
JP Morgan points to
Not the only comment I have heard today, on te topic ,from Kitco news.
Overall everyone needs patience,but in the end ,looking good for Gold price and later Centamin.
June is traditionally slow for gold, but for the rest of the year, it should logically rise.
Astro
https://english.alarabiya.net/News/world/2023/06/05/-India-s-rainfall-delayed-by-another-2-3-days-weather-officials
They will have a good idea how much rain is arriving by late June. A good rain, is a good harvest which leads to heavier physical gold buying later on as jewellery makers get busy for weddings later in the year. We tend to get dips in June spot prices as the jewellery makers want a lower price to cover their margins.
https://markets.ft.com/data/bonds/tearsheet/charts?s=US2YT
In addition two year Treasury yields have moved up as well.
I presume the us employment data is causing some major effect on the gold prices.
More Likely chance of another US interest hike this summer before it goes down .
if the rate pauses and drops. gold definitely rebounds.
or china attack Taiwan this summer blockbuster (i don't want it to happen of course)
Brexit was truly the rich becoming richer (mooge)...... the poor and middle class become more poor.
Farage not sure what he gets out of it now.... he lost his job in the EU and can't get celebrity deals with US (they don't want him).
lucky he got a job in GBNews with mooge and sell some gold on youtube.
Hi Angelis,
Your obviously unfamiliar the way members have in general behaved towards on this forum for feel more content on one of the other forums where the members seem to derive great pleasure from bragging about their trading prowess and ridiculing or being spiteful towards anyone whom is honest enough to admit making a mistake.
The information on GDP posted to help you understand the damage that Brexit has done to our UK economy.
It's regrettable that you seem to have some anger or aggression issues, possibly you need to contact a therapist for some help.
Try not to take the trading chat too seriously, we can do little to influence or change the way the market moves that's already decided by those shadows in the back room, despite what anyone claims its still down to luck!
Have a lovely day and try to be more pleasant and you will feel better for it!
We can all learn something from his clip https://www.youtube.com/watch?v=dOUfDNP_QJU
First support being around 99p,
98p strong support line.
96.3 and at 94.6p
94p strong support line.
Gold breaks to 1900 area, I would expect support lines getting tested. First support line confirmed as broken and top of down trend channel confirmed at 100.1p.
Helps my reading the Board more grown up and less teenager hiding behind the sofa.
SlowTony, I prefer Quality over Quantity.
Dealts, i dont find copy and pasting a 300 line definition of gdp remotely interesting in a potential debate.
SlowTony, Yes i know your game. Oh and his 13,000 copy and paste brain farts.
Stock market indexes were mostly lower ahead of the first session of the week with several economic reports on the horizon. Traders were bracing for data on the services sector and overall business activity for Germany, the Eurozone and the United Kingdom, Swiss inflation, Germand trade, as well as euro area investor confidence and producer prices.
The DAX decreased by 0.15%, London's FTSE 100 gained 0.20% and the EURO STOXX 50 declined by 0.10% at 8:00 am CET. The CAC 40 lost 0.09% at 8:02 am CET.
The euro was down 0.08% compared to the dollar at 7:59 am CET, trading at 1.07006. The British pound was 0.19% lower than the American currency, going for 1.24280 at the same time.
Baha Breaking News (BBN) / MS Happy Monday y’al
Hi dealts,
Your taking the trouble whilst you are going through what must be such a worrying time with your family to respond with your opinion is greatly appreciated by me, my thoughts are with you all.
So wha about Centamin, well you will recall the only analyst Kees Dekker who first in 2015 and then in 2018 had warned that things were not as well as we were being led to believe by the management has as we are now painfully aware been proven very right!
That said Kees remains of the opinion that what is being done now at Sukari although painfully expensive really is the best and only way to turn Sukari into the operation it should have always been by making the mine safer whilst offering much greater operational flexibility which will ensure a much more reliable and sustainable output.
As you are likely aware Buchanan were Centamins previous PR company for around 14 years and although I agree there may have been times when they could, or should have been more proactive in promoting the company and keeping shareholders informed they were also having to abide by the company brief whether they liked it or not!
That said Buchanan did have to negotiate through some pretty difficult situations such as when the Sukari licence was suspended with the Egyptian courts and also as far as I am aware have a far better understanding of the gold mining industry and certainly the over bloated Egyptian political and judicial systems than the new company fti do.
I am suspicious and quite concerned that this change to fti has come about at the wrong time and in the wrong circumstances, and for the wrong reasons, also I very much doubt it is to keep us shareholders better in informed, quite the contrary!
fti may be slick but I fear that they may also prove to be sly and more expensive for no good reason!
Best
Tibbs
Angelis, If there is something wrong to have varing opinions if you dont like it then ignore it! As far as I can see there is no news to report, so what harm is it to voice about other subjects. As far as I am concerned Tibbs has contributed many news articles about Centamin which have been very informative and interesting!
Hi Torado,
So speaks the voice of experience, rationality and reason, long may it continue to do so!
Thank you
Tibbs
Angelis,
I understand that due to you being a relatively new visitor then you aren't familiar with this forum and that you may not realise it isn't unusual that we discuss all manner of topics during weekends and periods when there is very little if any news from the company.
It's somewhat naïve to think that Centamin can be treated in isolation or ring fenced in some way from all the other events and influence that are taking place in the rest of the world. like it or not as already explained to you all these events influence the way that market moves and indeed the fortunes of Centamin.
I posted the links to the fullfact to provide you with some relevant information..
We would of course be delighted if you are able to provide some new information on Centamin or if you would like to find out some more about the history of Centamin and why the share price so depressed at present then this board has some very knowledgeable long term holders.
Angelis with 300 odd posts versus Mr Tibbs above 13,000. Angelis instead of shooting from the hip there is tool called filter which has a green button above any script when you want to write a message next to the share chat in red if you are not colour blind. You can put me on ignore, Mr Tibbs and anyone else who you do not want to see what they choose to scribe instead of mouthing off. Anybody within reason can write what they want if they are scribing a message to the readership. The frustration with an utterly incompetent, corrupt and immoral political administration is something that most people in the UK would like to see the back of. How is it relevant to Centamin is that our currency is going down the toilet probably in a few months time and Centamin priced in a weak currency will obviously increase sharply along with gold when priced in sterling. Some of us want prices of both to go down as low as they can in the very short term so that we can back up the truck and buy as much as we possibly can rather than holding FIAT currency being inflated to kingdom come.
This isnt your personal brain fart copy and paste blogg. Stick with news about the company and relevant information.
Whatever Chris Pattern's age , he is very knowledge and experienced and he must be applauded for having the courage to broach a thorny issue of the results of the way the general public were lied to and misled by Boris Johnson, Jacob Rees Mogg, Michael Gove and Nigel Farrage over Brexit which all of whom along with their cronies have profited from!
Unfortunately in the UK unlike other countries all too often we do not value the knowledge and experience of our more mature members of society as much as many other countries do .
The mess our present government is in is partly because it is arrogant and inexperienced
GDP measures the size of economies, in this case regional economies, but not all of the income produced is claimed by people in those regions. For example, people that live overseas can make investments in London, and then claim income from them.
That means that GDP per person measures the wealth of regions, and Eurostat says it does not “measure the income ultimately available to private households of a region” - i.e. how "rich" or "poor" they are .
Also, when producing the figures, Eurostat adjusts GDP for price differences between countries, so you can compare the economic activity of different regions, regardless of their price levels. But this amount is set at a national level, so doesn’t account for the fact that price levels in some regions may differ from other regions within the same country (London is a much more expensive place to live than the rest of the UK, for instance).
So some regions with price levels lower than the national average may appear poorer than they actually are, and vice-versa.
The analysis compares the UK regions against nearby countries
The Inequality Briefing poster compared UK regions to other regions in “northern Europe”. Specifically that’s regions in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Luxembourg, the Netherlands and Sweden.
The analysis also excludes overseas territories (such as some of France’s overseas territories in the Caribbean which would otherwise be included in the bottom ten).
Inequality Briefing say they chose those countries as they’re economically similar and nearby.
What you include in “northern Europe” is subjective but, for instance, the UN includes the Baltic nations (Estonia, Latvia and Lithuania) in the category of “northern Europe”. All these countries would be in the bottom 10 regions for GDP per capita, if included. The UN also includes countries not covered by the EU data, like Iceland, in northern Europe and exclude countries including Germany and France (they’re in “Western Europe”).
Going beyond northern Europe to other high-income EU countries, Spain and Italy have regions with lower GDP per person than the poorest UK regions.
This map shows how GDP per person varies across the EU, the more red a region is the further below the EU average it is in terms of GDP per person, the more green it is, the further above the EU average.
Wealth across the EU
GDP per person as a percentage of EU average (purchasing power standard)