Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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The exploration update states:
"During May 2022 the final environmental permits were received, enabling the commencement of exploration activity on the Nugrus Block."
So, we all know there are currently artisanal miners across Egypt's eastern desert plundering tax/royalty free gold 24/7
But somehow it's taken nearly a year since Centamin's Nugrus concession was awarded just to get an environmental 'permit' to BEGIN exploration. Think about it. How serious or inept are these Egyptian officials in running the whole damn operation?!
One thing is clear - if the EMRA doesn't get its act together we will continue to see frustratingly slow progress.
I see the Calvary coming in the the production numbers.
If they only meet the company estimate all the analysts that are covering the company have to rejig their recommendations.
It makes for exciting anticipation for July 20th.
Delivery preference: Immediate delivery
Centamin Keeps Outperform Rating at BMO Capital Markets Following Exploration Update
2022-07-07 11:23:27 AM ET (MT Newswires)
11:23 AM EDT, 07/07/2022 (MT Newswires) -- BMO Capital Markets on Thursday reiterated its outperform rating on the shares of Centamin (CEE.TO) with a GBP1.30 price target after the miner offered an update on exploration programs at its properties.
"Impact: Slight Positive. Centamin announced an update on the exploration work currently being undertaken across its portfolio of assets," analyst Raj Ray said in a note. "Results from Sukari underground exploration continue to highlight potential for near-term addition to reserves and resources at better grades, which bodes well for increasing production and margins for the company. The Sukari surface exploration program has also identified potential satellite targets that can help improve operational flexibility. Centamin is targeting completing an updated reserve and resource estimate for Sukari by Q4/22 based on the drilling completed to date."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 1.25, Change: +0.06, Percent Change: +5.04
GLTA,
Dan
Dipped off a bit but hold for me - especially after the RNS- needs more time to sink in
80.76
+4.68 (+6.15%)
*Interesting that Bank of American cut a string of miners right across the board but raised their target price for Centamin.
I trust Centamins down days are number.
Great to see the original 160km Sukari concession now being mentioned with some fantastic grades. No longer confined to the 3km by the sounds of things and a huge potential beyond that. The big players are clearly fishing for intel with staff poaching. Lets hope we dont succumb to a silly offer before we realise everything out there. Be nice if we hit some really big bonanza grades in the next couple of quarters.
Mmmmmmm China doing a bit of sabre rattling atm.
Lol DJ- just ignore what you don't want to read
Most likely dj tried the rest but realised that LSE Cey is the best!
yep... but foolish me thought the share related news today was good, so wanted to read about our Channel Island registered, Egypt centred mine. And yet here were are still reading loads of rubbish and opinion on UK politics. All politics is crass and just noise. I suppose one thing about a dictatorship is that you have more stability like in china , cant argue with that over a ballot box or opposing veiws... :) LOL
Thought you said you were gone DJ lol
This board should be re-named 'Tibbles political news and views thread'. He can't help himself, such is the need to be seen as a self appointed moderator. Of course none of his readers could possibly get the same news from elsewhere, it is not as if it is on main stream media anywhere. What a public service you are doing! sad.
Wall Street Breakfast Thu, 7 Jul at 12:36
U.K. Prime Minister Boris Johnson resigns,Sterling regained some lost ground on the reports, with traders pricing in an end to the chaotic situation on Downing Street. On Wednesday, Johnson saw more resignations from his Conservative government in one day than any other prime minister in history, but was defiant and stressed his intention to stay on as leader as of late last night.
Commentary: "The U.K. political soap opera doesn’t matter much for sterling unless it opens a door to easier fiscal policy (sterling-positive) and allows a more constructive approach to trade relations," wrote Kit Juckes, chief FX strategist at Societe Generale.
Johnson has faced increasing pressure to resign after a series of scandals, including "Partygate" and allegations of misleading the public over the appointment of former deputy chief whip Chris Pincher. The momentum to oust Johnson grew with the resignations of Chancellor of the Exchequer Rishi Sunak and Health Secretary Sajid Javid on Tuesday, but quickly escalated into a full scale party mutiny. Nadhim Zahawi, who was appointed as Sunak's successor, even issued a letter this morning saying the prime minister must go following an announcement last night that he and Johnson would detail a plan to combat economic problems in the U.K.
What's next? A Tory leadership content will now ensue, with bookmaker William Hill putting Sunak as the favorite at odds of 4-1. The new prime minister will have to contend with a troubled economy, with persistently high inflation that reached 9.1% in May. A spike in energy costs from the war in Ukraine is plaguing many industries, while the country is still dealing with the full impacts of Brexit more than two years after leaving the European Uniion
Yep Q2 is critical- a good one will cement all that's been said recently
A good Q2 report
Quite so , Thank you to our own Mr Goldgnome for his analysis of the RNS!
Absolutely agree Steve,
As Dasut and others have already said "At last!", a long and somewhat frustrating wait, but that said at least this time the exploration data update seems quite different from those in the past given by Pardey & Co which turned out to be unrealistic and undeliverable!
This time the good news and grade predictions are backed up with credible evidence, it just needs to be delivered on sooner rather than later!
Another six months.
Increase output, reduce costs and gold price up is what will increase sp. Not easy task in today's climate, everything is struggling
What will it take for the SP to be consistently above the 80p mark? This has been meandering this range for ages!
Hi Paul,
Excellent video, Thank you!
What a pity that Boris Billy Liar is to stay on as caretaker, although all this bullsh*t from former cabinet members and senior Tories about doing their duty and acting in the best interests of the country is only because they are desperate to keep their seats on the gravy train!
The odious Tory cabinet party has been complicit in allowing Boris to deceive and lie from pre election, pre and post Brexit, but now Boris has told so many lies that they know that if they don't stab him in the back now they will be out and the the public that voted for them will finally realise what the Tory party really stands for!
It looks like the UK will have a winter of discontent and his time the Tories can't blame it on the other other parties ,or the EU because they are clearly responsible for the UK going down the lavatory!
Remembering BILLY LIAR - Starring Tom Courtenay and Julie Christie
https://www.youtube.com/watch?v=Wz3mBlGrblA
GP tanks.... Cey UP
Bank of America raises Centamin price target to 140 (130) pence - 'buy'
Berenberg cuts Centamin price target to 112 (114) pence - 'buy'
Here you are Mr T Maybe a little smile fron you today? https://www.youtube.com/watch?v=a1zphVSkWx0