Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Over $220M in the bank.
thank you. yes they have cratered not sure why that is. since gold price is actually holding up. but in CEY are there any imminent cash calls on the horizons? sometimes companies are well capitalised but bad management decisions can quickly end up with equity raises. i will of course take a look at all financial reports. i quite like to ask here for a first impression so to speak.
As a general piece of advice do not go all in one stock, do not go all in with a single buy. This one pays a dividend. It has good prospects for the second half of this year from July onwards according to the CEO. It is what you think will happen to the gold price that is most important. Take time to read company presentations and the last few quarterly reports. Gold miners everywhere have tanked.
i am looking to invest in some good gold miner and not sure about CEY. i havent done much research on it. is it a buy at this seemingly low price? any suggestions for other gold stocks appreciated. thanks
Am I deluded in thinking we have stagflation. Hopefully this is a bottom on Centamin.
Major European markets plunged in premarket trading on Thursday as high inflation continued to worry investors following the latest report from the United States. Market watchers also kept an eye on corporate earnings from companies including Allianz, Siemens, Commerzbank and RWE and economic data from the United Kingdom.
The FTSE 100 dropped 0.50, the DAX slid 0.44% and the CAC 40 plunged 1.74%.
The euro lost 0.10% against the dollar to go for 1.05036 at 7:51 am CET and the pound fell 0.40% compared to the greenback to sell for 1.22015 at the same time.
Baha Breaking the News (BBN) / NP
In the post two years , whats that £5million or so plus experiences! , quite a nice little earner when compared to what the shareholders have had to stomach albeit with yet more promises of better things to come, although nobody knows when, or what they may be ?
Seems to be the same old song even though Martin Horgan came along!
https://www.youtube.com/watch?v=CkKJy4UaPHM
I absolutely concur with your views!
In short if Mr Rutherford’s contribution to the running of the company thus far and indeed his contribution to the AGM presentation today were likened to a culinary verdict of a meal then “Bland” would seem to be overly generous, some considerable room for improvement, or far better to take it off the menu all together!
As to the rest of the BOD with the exception of Martin Horgan, well if thy were racing pigeons then they are certainly not worth their corn and it would be a case of letting them fly, or if they refused to leave then wringing their necks!
New ceo 2 years in the role shadow boxing what is Rutherford actually doing beside preening his hair in the ever expanding posh London office whilst Jerrad prances around Jersey !!!!
Just to say I agree with the previous 3 chaps. If anyone from Centamin is reading this you should be hanging your head in shame. Hopefully rather than tin can down the road kicking, a bit of a-se kicking will be the order of the day.
I agree Tibs...we will just have to hope that the new ceo will be the architect of the turnaround...he inherited a lot of **** so it will take time
I agree with Tibbs - A BOD that admits that it was unaware of the problems at Sukari, the same BOD that over the years has enjoyed the 'golden largesse' of bonuses and share options on top of their generous salaries, beggars belief.- The rewards for bringing the company down to its present level are simply mind-boggling. - As Tibbs says, it's hardly surprising that trust has evaporated.
Hi Lodan,
Without doubt if the BOD & NED's had been as half as good at discharging their duties with the appropriate due diligence as they have been been in allowing ineptness and nepotism to prevail to such an extent at Sukari that the all market confidence and trust is down the lavatory then this share would now be at nearer £5!
Instead this share is well and truly buggered until there is more than just bullish statements!
Hi Mr Gnome,
I know you have an interest in political corruption so if you wish to corroborate anything regarding what is going on in the UK this is a good site
https://fullfact.org/
https://fullfact.org/economy/solar-installations-vat-eu/
link to the agm webcast if anyone is interested.
Watch a replay of the webcast ??https://loom.ly/6rjj9pQ
European stock markets traded higher in the premarket trade on Wednesday as investors waited for the April data on German inflation, which is expected to remain unchanged from March at 7.4% on a yearly basis. E.ON published its earnings report, recording a 60% jump in sales and forecasting it will achieve its earnings targets for 2022.
The FTSE 100 increased by 0.51% at 7:52 am CET. The DAX gained 0.47% at the same time, while the CAC 40 added 0.61%.
The euro traded 0.17% higher against the dollar and went for 1.05466 at 7:52 am CET, as the pound traded 0.14% higher, selling for 1.23333.
Baha Breaking the News (BBN) / DJ
Happy hump y’al
In a new report, MONEYVAL, the Council of Europe’s financial crime research arm, offers a scathing rebuke to governments across Europe for failing to tackle illicit money flows.
MONEYVAL prominently credits the work of the International Consortium of Investigative Journalists, which for the past decade has published extensively on the flow of dirty money through Europe to the rest of the world. "ICIJ’s repeated exposure of the role of lawyers and accountants in aiding money laundering caused the group to focus its attention last year on these so-called “gatekeeper” professions."
https://www.icij.org/investigations/pandora-papers/pandora-papers-shed-light-on-gatekeepers-of-dirty-money-says-european-watchdog/
Atone have a board consisting of an investment banker, an Egyptian entrepreneur and a former derivatives and financial engineering specialist.
Any Met studies?
Hope they have a good handle on Geomet?
Have you calculated the stripping ratio?
"Hamama West is by far the most advanced
gold project in Egypt, and closest to
development"......well, well , heard of Sukari
Good luck with this punt Dan
Looks a but speci to me
the gnome
Or I might be totally wrong and we're all doomed :D
I believe this is an intermediate cycle low...once gold breaks the rising trend line (which it is currently doing) I think we'll see a good move upwards. I also think the dollar is triple topping at 1.04 and will see a marginal break above and then will rollover
As usual it should drop the amount of the dividend less the rise or fall of the day. However this si small beer compared to how gold miners have been crumbling in expectation of lower gold prices and much lower profits. Centamin’s profits will be around a third down on gold at $2000, so the share price has held up remarkably well making it more vulnerable; another 10% fall could knock a further 50% off profits and could take us back below 50p. So the big question is not what will happen on divi day which is pretty immaterial, but how far the gold crash will extend. imho
What do people think? Will it drop further with upcoming ex dividend on 19th may? Usually it doesn’t and hasn’t gone lower than this when we have dropped before. Like to know what people are thinking ??
https://twitter.com/centaminplc/status/1524033891354529798?s=12
hi Dansul,
Take your point on grades, although as we know that's dependant upon many factors, not to mention how the results are interpreted.
Also Atone doesn't have the mine infrastructure or the processing capability?
So its a punt on future predictions I suppose, although who can tell what investors like us can really trust?
I've come to the conclusion after years of investing that we private investors get taken for a ride by the BOD of most companies and then the brokers and market makers screw us,and after that the government screws us!
I don't trust any of them ,so may as well stay in the one that's already screwed us so many times that the share price is on its ar(se anyway!
Sounds like Aton Resources will be petter investment than Centamin
Aton drills high grade sulphide mineralisation at Rodruin, with 39.4 g/t gold and 261.7 g/t silver over 9.9 metres, within an overall intersection of 88.6 metres grading 5.76 g/t gold, 42.0 g/t silver, 0.31% copper and 2.40% zinc
https://www.atonresources.com/news/2022/aton-drills-high-grade-sulphide-mineralisation-at-rodruin-with-39.4-g-t-gold-and-261.7-g-t-silver-over-9.9-metres-within-an/
Good luck to all,
Dan