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US CPI data coming in higher
All looking good.and then a slight push down on the gold Price to $1847 at US.market open
Hi Mr Gnome,
Oh I don't think Pardey was such an idiot, he was however lacking any integrity and greedy for quick profit to make himself look good to his masters!
Pardey realised in 2015 he had dug the operation into a deep hole that was rapidly filling up with waste, but instead having the professional integrity to admit that a bad situation could only get worse unless painful admissions and decisions were made to put things right he carried on with compounding the bad practice and the deception until the near ruination of Sukari!
To be fair the BOD could and should have done their duty, but they were "Unaware"!
Fair comments Sotolo!
100p had ben reached
Spoonington,
"Self praise is no virtue"
Anyone can claim to be whomsoever they want to be on internet forums and the same goes for claiming success or to possess more trading prowess than others who may have made a mistake by being decent enough to believe what they were boing told!
It is those that die the deceiving and failed to have any real integrity hat should be ashamed!!
Try being a nicer person, you may fee better about yourself, or even enjoy this forum a little more!
Tibbs
Thank you Goldgnome for your very realistic post.
Totally right, good night from Southern Europe.
Bondi.
Goodness, that is a touch rash ...
As a general rule, shallow mining has higher margins than deeper (esp for open pits) mining, irrespective of the stupidity of the CEO or mine manager. Simply the strip ratio increases, which means you move more waste to mine than ore, and travel distance you have to drive your trucks increases with vertical depth. So unless grade increases you will have to pay more to get the same return.
If you are not vigilant on pit walls, there is a problem as you go deeper, as you have more vertical meters of walls. The tendency for the greedy and incompetent mine managers and CEOs is to try and increase the angle of the pit walls (move less dirt). Problem is that when you have not done proper geotech, and looked for subvertical structures properly, [rather relied on sub vertical holes to define subvertical fault planes]...then you are exposed... and your profound greed and stupidity is about to be exposed...., and when the wall decides to fall in, it falls in and nothing will stop it. Greed and stupidity exposed, as is suggested by recent history.
Then when the CEO who managed this fiasco has to be replaced (some survive !!!), the new CEO has not only to remove the excess that has fallen in from the last CEO, but has to cope with the high strip ratio, and has probably realised the idiot before him just made everything too steep for stability and sustainability. So rather than maintain the unsustainable pit angle, he has to "stand back", which means more dirt has again to be moved because of the greed of the last CEO, and hence margins further impacted.
Just basic science and engineering, and a good spreadsheet to do the calcs.
I think the Horgan is doing a solid job, underpromising (which always gets the wind bag anaylysts pi$sed off, who get paid on % of selling/buying of shares) and delivering firm but good results. He is positioning the mine in a good operational space, and has a lot of optionality being built into the operation, which is boring to the analysts, but very good management.
So CEY doing well.
The gold price is amazing, as there is no rationality in its behaviour at all in my view. Its monetary value defies logic, as money has been motonically decreasing in purchasing power for decades, and this is what it is designed to do? On the other side the supply of gold is not sustainable, and exploration has not been providing a replacement capacity.
The market is not fair, transparent and unmanipulated obviously.
goodnight all, don't watch the cricket in India please.
and good luck ...
the Gnome
SP could easily bounce from the 150 days Moving average.
Chart with 150 days MA... https://uk.advfn.com/p.php?pid=chartscreenshot&u=MFU11k/lBBNPss9GjCmEzR4pb0%20Cj8A7L/kjM4ElEsg=
In a 3 monthly chart
GOLD v C£Y
CEY is well underperforming the Gold price
Chart Gold v CEY .. https://uk.advfn.com/p.php?pid=chartscreenshot&u=urjYNkoPPPDrIMmhRRDavCESsyKfecf8oue0VmwEOsQ=
Either view could be right so just nice to respect each other. On the one hand Pardy et al presided over a high divi and partly hence high share price policy. And Horgan 3 years in is still presiding over lower dividends that look like falling further, and. 3 years is quite a long time. On the other maybe Pardy et al’s policy led to the wall fall which has made Horgans job hard. However after the wall Horgan did say it would be a couple of tough years. Now we have had three. So really this year is the crucial year to see if he is better than the last lot or worse imho so either side might be proved right. My feeling is Spoonington’s view is slightly likelier and he won’t make good, (I think he wasn’t boasting about his prowess but the money we could make under Pardy) but then many here think Horgan has just had a bad set of cards and even three years on we should be prepared to give him longer. So as said either might be right so let’s try to respect and understand each other just as with the other big issues of the day from Brexit to woke, there is far too much vitriol censorship and intolerance of others’ views for it to spill here. And all of us know whatever we think of Centamin future we may be quite wrong. Have a lovely day, fab weather for those not expat.
Well spotted
Steady drop fro 120s
Major European stock equities were mixed in the premarket session on Tuesday as market participants awaited the release of data on the gross domestic product (GDP) in the bloc, with initial reading for the fourth quarter pointing to moderate economic growth.
Britain will see the report on the country's unemployment rate, while traders will also keep an eye on the publication of the consumer price index (CPI) in the United States later today.
The Euro Stoxx 50 rose 0.07% at 8:00 am CET, while Frankfurt's DAX was flat. At the same time, the CAC 40 gained 0.16% and London's FTSE 100 fell 0.12%.
The euro traded 0.21% higher against the dollar, to sell at $1.07450 at 8:02 am CET, and the British pound pushed stronger versus the dollar by 0.25% to change hands $1.21676.
Baha Breaking News (BBN) / AB
Re: Cey news flow.
Looking at the RNS history suggests
the next significant data date is
circa March 16th. Just about a
month to go for the final results and
the dividend declaration.
Unless of course something
unexpected happens beforehand.
Happy Valentines y’al.
Spoonington,
"For me it was a copious amount of profit" well done with what you've done but I don't think there's many people on here care a"jot"what your made, everyone is interested in there own decisions and most don't get pleasure or brag about there own good fortune here, it doesn't really impress anyone.
Cowichan I thought you’d be interested.
Nonetheless, the unexpected is bound to happen, while the anticipated may never come! (I’m thinking court case)
Sick as a parrot if a bid came the share price jumped 25% back to where it was 4 weeks ago.
Still I hold, now waiting for the “unexpected”.
So much for B2Gold making a play for Sukari!
And given the cost to develop the Back River mine in Nunavut can't see B2Gold spending much effort (or $$$) to explore their concessions in Egypt.
Perhaps waiting 18months (and counting!) for the EMRA to reach a conclusion on exploitation terms was a sign Egypt isn't the place to invest shareholder capital.
For me it was copious amounts of profit, I care not a jot for those who did not participate :)
Need to be stay alert and nimble but lots of chartist predicting the pullback to $1800.
Absolutely no concerns for those holding and not trading as the same chartist are saying retest of that $1800 then gold going on to establish New ATH's.
Those glued to screens will be scaling in as the price action unfolds.
it can be dangerous waiting for a price to come to you as when it doesn't you can be left kicking yourself
GLA
@TTony good analysis - I have been watching cey for a while (as a second, more established gold play to join SHG in the portfolio) and targeting a 90p entry, may go slightly higher if the gold pullback looks like its ending. Good luck all
I don't think it works like that Tony:
14Nov22 = gold @~1780. CEY @106 and so on.
Centamin retreat is priced in at $1845 gold price on futures.
90p = $1810 gold price per ounce
94p= $1828 " "
B2Gold Corp. Announces Acquisition of Sabina Gold & Silver Corp.
https://twitter.com/b2goldcorp/status/1625160659171254274?s=61&t=VQJRzisw5AWkrHhNmWtLzA
Obviously the high dividends were nice but we are paying for it now with lower ones. If they had gone slow and steady, we would have got the same average dividend over the period of years.
What they did was a bit naughty.
I've been told that police cars are serviced at certain intervals and if you buy one at auction you may be lucky and get a good one that has just been serviced and had worn parts replaced OR you could get a dog, that a lot was worn out on.
Some people were lucky with this share and got in then got out when it was over £2 -------------others bought in at that price and are suffering / losing out because of the previous deceit.
I reckon that if the share was now the £3 you were forecasting before the troubles, you would not be bothered about a low dividend as you would cash out?
Anyone interested in Barricks results on Wednesday.
https://twitter.com/barrickgold/status/1625140258114347008?s=61&t=shzmR5TtDMhEtq9AgPhSXg