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Supercharger, encouraged by Horgan who I thought made a decent purchase, I have been very naughty and bought some more today, our share price is down near 25% since the start of this year while gold is up 10%, and our shares are down 10% just since earlier this week while gold is again up, the results weren't nice but as just as management said they would be, and it has been a market jerk as they hadn't read the last report; if Cey were fair value at the results as I think they were, then 10% off, improving ounces and rising gold could make decent money and I couldn't resist..like Horgan
And seems to be rising.
Glad I bought Sovreigns a month ago. :-)
Yes Tony- that’s what i’ve seen happen in the past- and more recent past, crypto also gets whacked , also something i’m not seeing, in fact the reverse this week
Seems any sale here this morning over done and certain senior management have taken the opportunity to buy some more shares too. Divi release looks tame but the short term value here looks very good as share holders start to sue Credit Suisse for mis statements and I see things differently in that the risks might be spreading to Insurers as well as other third parties who may have been shall we say sailing very close to the wind. This sees Gold and Silver prices moving strong with the Fed watching over their shoulders too may mean putting the brakes of any talk of a 0.5% rise!! If not a .25% they may even skip the next one due to their minds being directed elsewhere? Perhaps? V.uncertain banking sector at the moment. Glad most Uk banks have reined in their exposures (so we are told).
Robbie, agree with your post entirely, wouldn't do these directors any harm to at least buy the same, hopefully more shares than a number of members on here!
They certainly don't feel any of the pain we shareholders do!
As Steve and others have suggest the directors remuneration should be directly linked to share performance!
I understand what your saying as they would have to sell gold.
I'm not saying gold won't go past 1950 but it's not a banking crisis- if it was, like the last one, gold would get whacked just like everything else...
Fair enough Steve happy to see gold get back past 1950 gold and I am 50% in on the maximum Centamin position. Rest held back if it is a false breakout on Gold.
I disagree Tony- all it confirms is that 50bps is off the table, and 25bps is now even in threat- that's all - nothing else...
I do agree Mr T- whatever happened to performance related pay, linked to SP? SP was about 130 when he was appointed...
This was the Point I was making about the CEO's of so many companies, especially so in Mining!
Shareholders just get taken for idiots and thrown scraps!
Market unimpressed. To spend less than 3 weeks pay on buying shares is not going to cut it. Horgan now owns to 200,000 shares in total. Less than I do and he does not have to worry about paying tax on his salary in Jersey. He must think his investors are stupid.
Approaching a major breakout point at 1950 again.
If it breaks and holds for the close this weekend it confirms real problems in the financial system and what we are seeing in operation is another QE.
Added as well at 97.26. Up to 1/3 in play.
Well that is something.
I'd like to see more regular buys by the board. Im sure one of them a month could put their hands in their pockets.
It would help instil a bit of confidence in the share.
At least he’s bought some
Well they probably take the view that a debt facility was announced to pay for growth which was good in my view, but they cut divis despite production up (to pay for more growth??? or what???) with inflation heading south, cutting divi on this background doesn’t inspire confidence in their belief - especially when some costs will deflate i would have thought like energy… as i said before, i would like to see a more aggressive stance on future aisc reduction -
RazorsEdge ,you either have insomnia or on a cruise some where exotic. :-)
Yes seems gold has not run out of steam.
Enjoy your weekend.
Equities in Europe traded higher on Friday after the European Central Bank (ECB) cut its projections for inflation in the next few years, predicting it would average 5.3% in 2023. Additionally, ECB President Christine Lagarde expressed her belief the Eurozone's economy will recover in the following months and insisted the area's banking sector is resilient enough to withstand the ongoing global instability.
The DAX rose by 0.48% at 7:13 am CET. At the same time, the FTSE 100 increased by 0.61%. The CAC 40 went up by 0.70%. The Eurostoxx 50 advanced by 0.67%.
The euro grew by 0.35% against the dollar to sell for $1.06474 at 7:32 am CET. At that minute, the pound sterling gained 0.39% against the greenback to change hands for $1.21558.
Baha Breaking News (BBN) / JR
Gold currently + .64% at $1931.73
Seriously, the same price as prior to Cey’s fall lasterday!
(my daughters word)
Happy Friday and St. Patrick’s day y’al
Enjoy your weekend.
Liberum has suspended coverage of gold miner Centamin (CEY) as the dividend outlook appears shaky.
Analyst Yuen Low placed his ‘buy’ recommendation and target price of 119p ‘under review’ after the group cut its full year dividend by 44% despite maintaining output guidance. The shares softened 5.2%, or 5.6p, to 101.5p on Thursday.
Low said full-year 2022 production was 1% lower than the previous year, while earnings were in line and net profit slightly ahead by 4%. However, earnings per share were down 56%, leading to the steep cut in the dividend.
‘The balance sheet remains very strong, and the final divi was in-line,’ said Low. ‘However, unlike in 2021 and 2022, there does not appear to be a committed minimum dividend for 2023. We temporarily suspend our rating and target price while we review our post-full-year 2022 forecasts
https://www.investorschronicle.co.uk/news/2023/03/16/centamin-eyes-500-000oz-production-return/
Companies roundup: Retailers underwhelm and Centamin beats guidance
https://www.investorschronicle.co.uk/news/2023/03/16/companies-roundup-retailers-underwhelm-and-centamin-beats-guidance/
Daily Mail: The boss of Endeavour Mining saw his pay more than halve last year but still took home nearly £9m.
https://www.dailymail.co.uk/money/markets/article-11869625/Endeavour-mining-boss-saw-pay-halved-year-9m.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
** Status as of October 21st, 2022 **
PR-334 RENEWAL IN PROGRESS
PR-335 RENEWAL IN PROGRESS
PR-535 ASSET
PR-536 ASSET
PR-559 RENEWAL IN PROGRESS
PR-778 RENEWAL IN PROGRESS
** Status as of March 16th, 2023 **
PR-334 ASSET (expires 06/11/2024)
PR-335 ASSET (expires 06/11/2024)
PR-535 ASSET (expires 03/06/2024)
PR-536 ASSET (expires 02/28/2024)
PR-559 RENEWAL IN PROGRESS (expired 06/08/2022)
PR-778 RENEWAL IN PROGRESS (expired 05/14/2022)
Of course the most important permit is still in limbo, that being permit PR-559 (240km2) which contains all the Doropo gold deposits...
FOMC next week ,laser focused on meeting .
Tells all, we are invincable, so much confidence ,but they do not look at anything else other than their own announcements.
If they could talk to the world without threats as to their answers ,the story would be very different,maybe. ha ha.