The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The market reaction seems positive, though possibly no reaction and it’s just correlated to the movement in gold spot price.
Possibly looking at options for raising capital? (A total guess, I don’t know enough to make an informed guess)
Shareholders thought s on this, is this decision to the good or bad?
RNS Number : 2302W
Centamin PLC
17 August 2022
17 August 2022
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
APPOINTMENT OF JOINT BROKERS
Centamin is pleased to announce the appointments of Joh. Berenberg, Gossler & Co KG ("Berenberg") and Peel Hunt LLP as joint Corporate Brokers to the Company, working alongside BofA Securities and BMO Capital Markets Limited ("BMO"), effective immediately.
ABOUT CENTAMIN
Centamin is an established gold producer, with a premium listing on the London Stock Exchange and Toronto Stock Exchange. The Company's flagship asset is the Sukari Gold Mine ("Sukari"), Egypt's largest and first modern gold mine, as well as one of the world's largest producing mines. Since production began in 2009 Sukari has produced circa 5 million ounces of gold, and today has a projected mine life of 12 years.
Through its large portfolio of exploration assets in Egypt and West Africa, Centamin is advancing an active pipeline of future growth prospects, including the Doropo project in Côte d'Ivoire, and approximately 3,000km2 of highly prospective exploration ground in Egypt's Arabian Nubian Shield.
Centamin practices responsible mining activities, recognising its responsibility to not only deliver operational and financial performance but to create lasting mutual benefit for all stakeholders through good corporate citizenship.
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc
Michael Stoner, Group Corporate Manager
investor@centaminplc.com
Buchanan
Bobby Morse/Ariadna Peretz/George Cleary
+ 44 (0) 20 7466 5000
centamin@buchanan.uk.com
Berenberg
Matthew Armitt / Jennifer Lee
+44 (0) 20 3207 7800
Peel Hunt LLP
Ross Allister / David McKeown
+44 (0) 20 7418 8900
The world is on high alert! Vladimir Putin’s invading forces shelled and took over Zaporizhzhia, Europe’s largest nuclear power plant.
As fighting intensifies, the danger of a nuclear catastrophe grows daily.
But next week key governments could decide on banning military operations near nuclear plants.
Top negotiators are telling our team that a show of global support can convince enough countries to win us the vote.
Avaaz’s allies will deliver our call straight to the negotiation table ahead of the crucial vote in New York:
https://secure.avaaz.org/campaign/en/protect_nuclear_power_plant_10/?crtqjhb
Sorry Mr Bond, meant to include you as well in the post re "Chips" for good!
Hi Gnome, as you may be aware members of the he Russian army (crooks & gangsters) have looted Ukrainian farm machinery and in such circumstances of theft such chips have proven their worth https://www.theregister.com/2022/05/02/ukrainian_tractors_deere/
https://www.youtube.com/watch?v=-CpD55XC1-c
https://metro.co.uk/2022/05/03/russian-troops-steal-ukrainian-tractors-but-find-theyve-been-locked-16576006/
So agree with what you say it is possible to use such chip control to the good!
That said the EU has acted in legal owners/consumers and the planets best s making manufacturers move away from glued IT products to those that are held together by screws clips with repair parts available to make their products repairable by their owners.
https://www.theregister.com/2022/04/27/apple_self_repair_service_launches/
Major European stock market indexes traded mixed in the premarket session on Thursday ahead of the latest economic data, the European Union Harmonised Index of Consumer Prices (HICP) and Construction Output data, set for release during the day.
Previously, the United States Federal Reserve published minutes from its July meeting, stating interest rate hikes will persist until the country sees a substantial change in inflation, while the United Kingdom announced that consumer inflation marked a 40-year high.
The FTSE 100 fell by 0.35% at 6:45 am CET, the DAX rose 0.13%, and the CAC 40 climbed 0.19% at the same time.
Both the euro and the pound stood flat against the greenback at 7:40 am CET to sell for 1.01745 and 1.20471, respectively.
Baha Breaking News (BBN) / MM
I don't invest in gold, but do in miners(obviously), and do in crypto.
Traditionally gold investors dislike crypto as see it as a threat as up until recent past it's progress against crypto as been perceived to be investing switching- this is evidently false- look at past years- in the same vain traditional stocks, and again evidently false. Over the past 5years there have always days when this is true, but trend states false. Equally, some gold commentators hate crypto because they wish they'd gone in early and it's progress is a confused annoyance and source of regret, and some just hate seeing cryptos go well because they don't believe in it and display a bad human trait to try to exert their opinion on others even though it has nothing to do with them.
Looks like GDX is currently catching a hospital pass take down this afternoon. GDX and Centamin sometimes follow similar chart patterns. 91p handle should hold for today at least.
Thanks Mr T,
Thats a great interview, on youtube, and some fabulous idea,s some of which have been abused, and will continue to be, c'est la vie!
My take is that the web does more good than bad, but is capable of infinitely more good than bad, and could even stop the lemmings jumping off of the cliff?
best
the gold gnome
Mr Tibbles I am not saying that will happen.
But it would and could happen for any country under threat, with orbital capability.
Would prevent Nuclear Holocost ,mabe a price to pay for a less less dangerous world.verything with a chip would be neutralised including satelites ,GPS.
Brilliant Tony,
It was so much more enjoyable to travel when people would talk to one another on the bus or train!
If Lowery were to draw today's society he would depict his matchstick people going around with their faces glued to smartphone screens!
Or possibly matchstick people loaded down with Apps so that government and big business can know their every move and habit and ultimately control them by App!
George Orwells 1984
https://www.youtube.com/watch?v=vEMlvpMY7yw
Some very interesting thoughts and comments on this, I especially like the idea of Mr Bond!
More than 30 years ago, Tim Berners-Lee invented the World Wide Web. It started out as a project for the betterment of humanity, but in the decades since, Tim has seen his creation abused by criminals and hatemongers. Tim wants to fix this.
https://www.lse.co.uk/ShareChat.asp?ShareTicker=CEY&share=Centamin-PLC&thread=9C146540-C98C-42DB-BCFC-ED1C513FE7B3&reply=true
More on how he plans to save the World Wide Web before it is too late, on the full episode of In Conversation with Tim Berners-Lee: https://youtu.be/g5AcmgFuOLU
People would actually look up around them and talk to real people again and develop some interpersonal communication skills, learn to add and subtract and actually watch where they are walking in the street.
Mr B I think the market is accepting a recession. It along with inflation, stagflation or worse so not necessarily a recession with falling real rates where investors run for gold?
Major European stocks recorded gains ahead of Wednesday's session as investors awaited the latest economic data on British inflation and the euro area's economic growth, set for release later today.
A somewhat positive sentiment marked the previous day on the international field. United States President Joe Biden signed the inflation reduction bill into law, widely considered the country's largest climate package to date. Meanwhile, the Biden administration confirmed it has settled "big issues" with Iran about Tehran's return to the 2015 nuclear deal.
The FTSE 100 gained 0.35% at 7:01 am CET, the DAX rose 0.33%, and the CAC 40 climbed 0.47%.
Both the euro and the pound registered slight gains against the greenback at 7:28 am CET to sell for 1.01785 and 1.21176, respectively.
Baha Breaking News (BBN) / ND
Happy hump y’al
If someone decides to explode several Neturon bombs in the outer atmosphere its back a century.
Its possible ,so keep your vintage cars and tvs and radios.
No more internet for years.
Nor pcs.
Just a thought.
Cowichan,
Some people have never been in a war. Some people have not gone through a climate event where their home and most of the possessions are destroyed. Some people have never experienced what its like to have no electrical energy and be in a power out situation for days on end. If you had a choice of having two empty margarine plastic containers filled with gold bars or any other kind of pure gold or a digital wallet on an I phone will probably depend on your age, your experience and your opinion of what people will accept in a future world situation. Bitcoin may be great in the world as we see it now, but that is not why many people own physical metals as it is for a real crisis. Tony
Or is Mr. Saylor just conveniently ignoring 5000 years of gold's history?
"Bitcoin is going to gradually demonetize gold over time, gold will go to the utility value of gold, but it won't be adopted as money in the 21st century."
https://youtu.be/aN-8x4iSgzo
<<<<---------------------------------
I know there are some here who like to invest in both gold & bitcoin - but why does it seem many bitcoin enthusiasts like to write-off gold ?
https://seekingalpha.com/article/4534802-centamin-turnaround-thesis-remains-intact
I would say the Countries of the world are becoming more and more Nationalist , but then they have been taught lessons from across the pond for many years.
Quite so Mr Bond,
They just haven't grasped or wont accept that their whole system is broken and even more unfit for purpose in today's world, but instead of learning from the mistakes of the past they seem too be intent on making the same mistakes all over again!
But it's not just the US politicians,its politicians the world over, they all need to accept that real change has to come because like it or not we are all part of a global community!
So then possibly the US market has decided to ignore the reality of the disastrous effects Trumps nationalistic and backward looking internal and international policies and the ineffective and unfit for purpose FED fiscal policies by creating the illusion of an investment "Utopia" that will continue to rise to the stars and exist in isolation from the realities and unprecedented ongoing events of the outside world!
So wonder what happens now?
Gold prices remain down as US hosing construction falls 9.6 % in July.
Illogical the US traders only listen to the FED Bilge.
So much for sense. They cannot accept the thought of possible recession.
I agree, charts are indeed looking back and although useful reference really can't predict the future, especially during such unprecedented ongoing global events!
Also the idea that the stock markets, any or commodity can be in some way isolated from the effects of what's happening globally and in every other walk of life is a ridiculous as the idea that after Brexit he UK could isolate itself from the effects of what goes on in the rest of Europe!
Ooops replace "misnomer" with "is why"