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I was invested here before. Sold some time ago as I think the market cap is too big and future big rises will be more difficult to achieve. Check out HUM, it’s currently producing around 100,000 but has a new mine coming online soon…first gold pour imminent with AISC around $1000, that’s going to take them over 200,000 ounces per year. Currently the market cap is 100m. Debt will be paid off fast as it’s only just around 120m….this could easily go to 400m market cap company…..just making you all aware.
102p handle area is $1949 futures ounce. Centamin so far moving in advance of gold pull back later on.
Major European stocks stood mostly unchanged in Thursday's premarket trading as markets awaited Germany's latest GDP and consumer confidence data. The previous day was marked by news that Fitch Ratings placed the United States AAA credit rating on negative watch over uncertainties related to the debt ceiling.
The FTSE 100 and the DAX recorded little change at 7:13 am CET, while the CAC 40 rose by 0.08%, and the Euro Stoxx 50 added 0.09% at the same time.
The euro lost 0.13% against the dollar to sell for 1.07362 at 7:18 am CET, while the pound declined 0.20% to $1.23408.
Baha Breaking News (BBN) / ND
money for nothing – yes, that money for nothing; the song of inescapable refrain, haunted by the spectre of sting wailing that he wants his, he wants his, he wants his m-t-veeeee – has been "banned" by the csbc. specifically, it's been "banned" because it repeats the word "******" three separate times.18 jan 2011
https://www.youtube.com/watch?v=qmrzbknbtsy
i want my, i want my mtv)
(i want my, i want my mtv)
(i want my, i want my mtv)
(i want my, i want my mtv)
now look at them yo-yos, that's the way you do it
you play the guitar on the mtv
that ain't workin', that's the way you do it
money for nothin' and your chicks for free
now that ain't workin', that's the way you do it
lemme tell ya, them guys ain't dumb
maybe get a blister on your little finger
maybe get a blister on your thumb
we got to install microwave ovens, custom kitchen deliveries
we got to move these refrigerators, we got to move these color tvs
see the little ****** with the earring and the make up
yeah, buddy, that's his own hair
that little ****** got his own jet airplane
that little ******, he's a millionaire
we got to install microwave ovens, custom kitchen deliveries
we got to move these refrigerators, we gotta move these color tvs
we got to install microwave ovens, custom kitchen deliveries
we got to move these refrigerators, we got to move these color tvs
looky here, look out
i shoulda learned to play the guitar
i shoulda learned to play them drums
look at that mama, she got it stickin' in the camera man
we could have some
and he's up there, what's that?
hawaiian noises?
bangin' on the bongos like a chimpanzee
that ain't workin', that's the way you do it
get your money for nothin', get your chicks for free
we got to install microwave ovens, custom kitchen deliveries
we got to move these refrigerators, we gotta move these color tvs
listen here
now that ain't workin' that's the way you do it
you play the guitar on the mtv
that ain't workin', that's the way you do it
money for nothin' and your chicks for free
money for nothin', chicks for free
get your money for nothin' and your chicks for free
ooh, money for nothin', chicks for free
money for nothin', chicks for free (money, money, money)
money for nothin', chicks for free
get your money for nothin', get your chicks for free
get your money for nothin' and the chicks for free
get your money for nothin' and the chicks for free
look at that, look at that
get your money for nothin' (i want my, i want my)
chicks for free (i want my mtv)
money for nothin', chicks for free (i want my, i want my, i want my mtv)
get your money for nothin' (i want my, i want my)
and the chicks for free (i want my mtv)
get your money for nothin' (i want my, i want my)
and the chicks for free (i want my mtv)
easy, easy money for nothin' (i want my, i want my)
easy, easy chicks for free (i want my mtv)
easy, easy money for nothin' (i want my, i want my)
chicks for free (i want my mtv)
that ain't workin'
money for nothing, chicks for free
money for nothing, chicks for free
Published last week. FED corruption for personal benefit. If you give people total power without any proper accountability you get what the Senate were discussing. FED only serves itself and ultra wealthy.
https://wallstreetonparade.com/2023/05/serial-ethical-lapses-at-the-federal-reserve-will-come-under-scrutiny-in-a-senate-hearing-tomorrow/
And the band was Dire Straits , quite appropriate dont you think?
Its normal.
Traders love the excuses to take a small profit,the Brokers even more, "Moneys for nothing and the chics are free". ;-).
But only short term.
Prices of precious metals declined on Wednesday as traders examined new statements by the United States central bank officials and awaited the summary of the Federal Reserve's latest meeting.
Fed Governor Christopher Waller said earlier in the day that he does not "expect the data coming in over the next couple of months will make it clear that we have reached the terminal [interest] rate," hinting that additional monetary policy tightening will be needed to beat inflation.
Gold decreased by 0.68% to $1,961.73 per ounce at 1:20 pm ET. Silver lost 1.34% to land at $23.14 per ounce at the same time. Platinum fell 2.60% to $1,029.14 per ounce at 1:21 pm ET. Palladium declined 3.87% to $1,390.86 per ounce concurrently.
Baha Breaking News (BBN) / MS
Paul The open pit at the end of 2020 was pretty much mining one ore area and the aim is by the end of this year the 2 year accelerated waste programme will have moved 222 million tonnes of waste (Centamin's fleet moving 160 million tonnes and Capital moving 62 million tonnes) and they will then have 4 open pit ore areas so providing for a more flexible pit.
Https://www.linkedin.com/in/sayed-elabnody-77322323b/
Stay tuned for an important event in Egypt next week
Wait for us next week, God willing, in a very important event in Egypt. Alone
photo shows government minister? overlooking the desert, presumably near Sukari - several of the comments refer to gold mining - maybe an announcement regarding electrification ?
note Sayed's profile picture includes Centamin CEO Mr Horgan - must be a fan
https://www.linkedin.com/feed/update/urn:li:activity:7067124385089732608/
Happy Birthday. I keep on retiring and then going back to work. I am not good at saying no. I think I have done about 6 retirements so far.
Many happy returns RazorsEdge, very appropriate 2024 especially.
I remember mine, thinking do I retire,but no ,a couple of more years.
Then off on the long road through France and Spain.
I have a business friend who always says “They don’t know if you don’t tell them “
Having received 7 likes for an everyday post, on this my 65 birthday, Ieaves me not so sure that he’s right.
Cowichan, Tibbs sorry for being naive but what has this got to do with Horgan?
Major European stocks registered losses ahead of Wednesday's session as investors awaited the latest batch of economic data from the United Kingdom. Before the opening bell, markets expect April's inflation and retail sales data. The previous day was marked by the IMF's report that the UK's economy will avoid recession this year, as well as Lenovo's earnings results for the fourth quarter of its fiscal 2023.
London's FTSE 100 fell by 0.48% at 7:34 am CET, while Frankfurt's DAX declined by 0.53%. The CAC 40 in Paris lost 0.46%, and the pan-European Euro Stoxx 50 slid by 0.49%.
The euro added 0.10% against the dollar to sell for 1.07812 at 7:41 am CET, while the pound rose 0.18% at the same time to reach $1.24333.
Baha Breaking News (BBN) / ND
Happy hump y’al
How Private Placement Affects Share Price
What Is Private Placement?
Private placement is a common method of raising business capital by offering equity shares. Private placements can be done by either private companies wishing to acquire a few select investors or by publicly traded companies as a secondary stock offering.
When a publicly-traded company issues a private placement, existing shareholders often sustain at least a short-term loss from the resulting dilution of their shares. However, stockholders may see long-term gains if the company can effectively invest the extra capital obtained and ultimately increase its revenues and profitability.
Understanding Private Placement
Private placement is an issue of stock either to an individual person or corporate entity, or to a small group of investors. Investors typically involved in private placement issues are either institutional investors, such as banks and pension funds, or high-net-worth individuals.
A private placement has minimal regulatory requirements and standards that it must abide by. The investment does not require a prospectus and, quite often, detailed financial information is not disclosed.12
https://www.investopedia.com/ask/answers/052815/how-does-private-placement-affect-share-price.asp
The Company has received irrevocable undertakings from each of the Directors and certain of the senior management of the Group who have an interest in Common Shares and certain other shareholders, representing in aggregate 59,812,031 Common Shares, representing 43.7 per cent. of the company’s issued common share capital to vote in favour of all Resolutions to be proposed at the General Meeting.
DIRECTORS’ INTENDED PARTICIPATION IN THE PLACING AND RELATED PARTY TRANSACTIONS
Each of the following Directors has advised the Company that he intends to subscribe for Placing Shares:
- Jamie Boyton, Executive Chairman
- David Abery, Non-Executive Director
- Michael Rawlinson, Non-Executive Director
- Alexander Davidson, Non-Executive Director
Mr Boyton is a substantial shareholder of the Company and his intended subscription for Placing Shares will constitute a smaller related party transaction for the purposes of Listing Rule 11.1.10R. Any participation by Mr Boyton in the Placing will be on the same terms (including as to price) as all of the other investors in the Placing.
Under the terms of the Relationship Agreement between the Company and its Founder Shareholders, including Mr Boyton, each Founder Shareholder is required to abstain (and procure that his connected persons abstain) from voting at any general meeting of the Company on any resolution concerning any transaction, agreement or arrangement
between him (or any of his connected persons) and any member of the Group. As Mr Boyton intends to participate in the Placing, this undertaking would prevent Mr Boyton from voting on the Resolutions to approve the Placing
The Company may vary a provision of the Relationship Agreement if the decision to grant such variation is taken by the Company’s independent non-executive directors, being David Abery, Alexander Davidson and Michael Rawlinson. Such independent non-executive directors have agreed to grant a waiver of this restriction in the Relationship Agreement to
allow Jamie Boyton and his connected persons to vote on the Resolutions. The waiver constitutes a smaller related party transaction for the purpose of Listing Rule 11.1.10
The Independent Directors (being each of the Directors other than Jamie Boyton) who have been so advised by Berenberg, consider the terms of Mr Boyton’s intended participation in the Placing and the waiver of the Relationship Agreement to enable Mr Boyton and his connected persons to vote on the Resolutions, each as described above, to be fair and reasonable as far as Shareholders are concerned. In providing its advice to the Independent Directors, Berenberg has taken into account the Independent Directors’ commercial assessment of Mr Boyton’s intended participation in the Placing and the waiver of the Relationship Agreement
------------------------------ >>>>
Note the waiver granted to Capital Drillings largest shareholder Mr Boyton
It was a scam from the start, Mr Horgan steering
Sorry should read $259.2 million.
Cowichan question where do you get a contract value of $295.2 million as my information tells me $235 million up to $260 million with inflation, and this includes the 15 month drill and blast extension?
Thanks
At 4:30 the pog was minus .3% and is now +.25%
Cowichan
What facts? Your over 100 million dollars into the coffers of Capital.
My numbers for cost per tonne are approximate as stated previously because I don't know the exact split between waste and the added 15 month drill and blast contract so took $240 million as the waste contract to keep maths simple.
If you know for a fact that the contract value is $259.2 million and the cost to Centamin is $2.16 per tonne great now lets debate what that brings into the Capital coffers. 30% profit (or 30 ROI ?)means that Capital need to run at a cost to them of $1.66 per tonne and achieve a gross profit of $78m, I would say best of luck with that.
I don't know many if any 4 year contracts that don't cover an inflation clause so this comes as no surprise and Centamin doing the work themselves would also incur inflation.
I know and have said that it would be cheaper to do the waste contract in house if you can write machines down that have a residual value BUT the contract that Pharoah Gold has with EMRA says that after the contract the equipment reverts to EMRA so effectively no residual value. So the whole of the equipment value has to be written off over 4 years so this gives a massive edge to a contractor doing the work cheaper.
Now if this is incorrect then yes we have been misled and if you know that this fact isn't correct then yes we need to ask why we have been misled.
And the 2.5 US cent dividend got a 99.99% for v .01 against.
I wonder if James Rutherford will buy a few more. He bought well a few times while the share price was on its way down. I’ll take reassurance from anyone.
While you have obviously nothing to do, take a look at the voting percentages in the AGM, those are facts ,.
They were not attacks on you,just plain facts.
You were the one throwing insults as you still do. You are irrelevant as are all PI.
But according to yourself no longer invested. Buy Barrick Cowichan and criticise Bristow.
If you dare.