George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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That's correct and my understanding too
…is a minefield on the internet.
I emailed my broker last week regarding the payment details and this is his reply.
Hi Xxxxx
Had a look at this
They don’t go XD until 19th May with dividend paid 10th June
100,000 Shares 5 US cents/share (approx. 4p Sterling) = £4,000 Paid 10TH June
Cant tell you exactly as exchange rate will be taken as at 26th May
Hope that helps
Kind Regards
Xxxxxx
There you go Leeds.
https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-plc/dividends
https://www.centamin.com/investors/shares-dividends/dividend-information/
The dividend will be paid on 10 June 2022, in US Dollars ("USD") with an option for shareholders to elect to receive the dividend in Pounds Sterling ("GBP"). Currency elections should be made no later than 25 May 2022 (as published at the time on the website) so there is no variable there)
Thanks
"The AIRBORNE GEOPHYSICAL survey commenced flights during the quarter marking a first for Sukari and more broadly the mining sector in Egypt. The programme is scheduled for completion during Q2 and has been designed to identify potential exploration targets within the concession and further provide insights that could be used as we explore our highly prospective exploration ground secured in the Eastern Desert."
AIRBORNE GEOPHYSICAL SURVEY? Thats a Helicopter Electromagnetic Survey. NOT AIRBORNE MAGNETICS. Lots more information, but at 5 times the cost? ATTENTION TO DETAIL?????
I only just picked this up ... so thanks
CEY! LOOK AT YOUR COMMUNICATIONS, YOU ARE APPALLING. ISNT THERE SOMEONE WHO HAS THIS SKILL IN A BILLION DOLLAR COMPANY, UPGRADE NOW!
SIMPLY NOT GOOD ENOUGH,...
the gnome
You can elect to be paid in us or gbp refer Centamin dividend payment website, exchange rate based on gbp/ usd on 26th may.
Agreed Mr Gnome,
That's what the laws of supply and demand dictate and on the market stalls if potatoes pasta are in short supply then the buyers are charged a premium, but the market stall holders can't print paper potatoes and pasta!
Can't really see the housewife being willing to take home a bag full of paper potatoes and pasta even if she was given a few extra for taking a paper settlement!
It's time that politicians were willing to shut down the markets futures contract's scam which thrives on panic thus feeding inflation and is a primary cause of the worlds problems, but it keeps the buggers that operate the scam very rich,the masses at heel just above the bread line and buying ever more stuff on credit they never realised they had to have and of course the poor very poor!
Fair comments Mr gnome,
The politicians and bankers have just want to keep kicking the can down the roadd and the merry-go-round of unfit for purpose monetary systems turning!
Unless I misunderstand, you get 5 cents and whenever you convert that, that's the rate you get. Nothing to do with when the divi is paid.
Ex dividend on the 19th, will we be paid on the current exchange rate 5c = 4p or some less preferable historic exchange rate?
Major stock indexes in Europe were mostly higher in the premarket session on Tuesday as investors expected data on Germany's economic sentiment, as well as earnings reports from Bayer due to come out today. In addition to that, European Central Bank will deliver remarks on the latest economic changes later today.
Shareholders also monitored recent developments in Ukraine as Japan decided to impose additional sanctions against Russia.
The DAX and the CAC 40 increased by 0.32% and 0.14% respectively at 6:42 am CET, while London's FTSE 100 stood flat at the same time.
The euro traded 0.13% higher against the greenback selling at $1.05755 at 7:06 am CET, while the pound was 0.27% higher against the dollar going for $1.23654 a minute later.
Baha Breaking the News (BBN) / AB
One of the surprising things (not) is that the RSERVES of GOLD held by the top 20 or so companies is going down and has been for many years..and there are very few new discoveries on the horizon,
The SCORECARD
YEAR M OZS of GOLD RESERVE
2007 700
2008 830
2009 849
2010 898
2011 959
2012 967
2013 860
2014 818
2015 766
2016 744
2017 713
2018 614
2019 584
2020 582
Source: S&P Market Intelligence, Company Filings, Public Disclosure
THE COMPANIES: Companies include Agnico Eagle, AngloGold Ashanti, Barrick, China National, Freeport McMoRan, Gold Fields, Goldcorp, Harmony, Kinross, Navoi Mining & Metallurgy Combinant,
Newcrest, Newmont, Nord Gold, PJSC Polyus, Polymetal International, Randgold Resources, and Shandong Gold.
and whilst the amount of gold reserves is going consistently down, the amount of debt is going consistently up, and there are NO CAPS on the most magnificent of debt issuers, the USA (despite the odd rumblings)..
The debt just goes on and on , upwards and upwards.
So logic in a free, fair and transparent market would argue that where there is limited supply of something (lets assume demand is a constant) for the next several decades of gold, then the price of gold should go up especially in terms of pricing using the endless IOU's which have and will continually increase over the next several decades.
But it is not like that?
the gnome
I am far more concerned about the relative economies once the pandemic support trillions are withdrawn. Support for the paper IOU's not looking that flash...Lot of the rhetoric of economic recovery was built on prodigious money printing, and loose free flowing debt, to those who soon will not be able to pay the interest rates as they cruise to 3%. The bank said it expected many recent borrowers to cut discretionary spending next year given they had less time to build up buffers, poor souls?. We have the fallout of the ridiculous “wagyu and shiraz” case, in which the Federal Court found Westpac had not broken responsible lending laws by loose lending practices (surprised??)...and we are off to the races again, but with a twist which will not end well for many.
Perhaps CEY needs to add a twist into its asset base and see if they have any Lithium on their leases.
the gnome
The company has higher production and far lower costs in H2 of this year. We finally complete a huge investment next month with a solar farm removing 16% of diesel cost in production by very early July. The company has 5.2M reserve ounces of gold at Sukari with in the ground value of at least 50.8p per share. The company resources were quoted for a $2,000 ounce gold price and so if 20% is removed to be in line with with $1800 per ounce it would deliver at least 20p in the ground value. Cash in the bank adds another 17p. I therefore conclude the current pull down in price is approaching below value of gold in the ground and money in the bank valuation. I topped up at the close and will see how this plays out. A similar pattern is emerging for many other gold miners. The UK currency has also dropped substantially of late and probably may have improved yield for UK holders. A case of looking pass the short term for what appears more promising later in the year.
TORONTO, May 9, 2022
- Increased rig fleet to 74 rigs with the expansion of the Company's client base in Egypt;
- Drilling underway with 6 Rigs drilling on the newly awarded Centamin underground contract on the Sukari Gold Mine in Egypt
- Generated record revenue of $33.4M & record net income of $6.0M
Tin hat on for the next few days Tibs...if it breaks that 87 support and gold keeps dropping it might be a mess for a few days...my mantra is very, very, very extended buying period...deep breath in, deep breath out
The difference between miscalculation and lunacy is an extremely important distinction to draw.
The portrayal of adversaries as driven by insane compulsions to reckless aggression have been used again and again to block negotiations with those adversaries, and to argue not just for the most militarized U.S. responses, but also for confronting those adversaries everywhere, regardless of the importance of the actual issues involved.
https://responsiblestatecraft.org/2022/05/03/reckless-and-ruthless-yes-but-is-putin-insane-no/
Well still dropping despite Centamin actually producing gold, Marker seems oblivious to that and instead is intent on pricing the company at levels it was before capex was repaid, stage 4 was still uncompleted and profit share was a dream some way off and the Arab spring was in full flow!
So will it drop back to 37p I wonder as in the past when the Sukari concession license was declared not valid, Oh of course that case is still awaiting a ruling and then there is the $25-$30 million diesel subsidy previously part of the original agreement and then withdrawn by the Egyptian government which is still awaiting a ruling
Still don't want to rush things, what#s a decade to a Centamin share holder!
How did NATO survive the changes of the 1960s? Did the Harmel Doctrine reunite it behind a new sense of purpose; or was it merely an exercise in papering over the cracks?
https://www.youtube.com/watch?v=luzAoQUM8Kg
A member of the Human Rights Council, Svetlana Gannushkina, talked about election fraud on Kanal 24 (as replayed on Ukrainian television), declaring that the Crimean vote “discredited Russia more than could be dreamed up by a foreign agent.”
Will the West let Putin get away with it again?
UPDATE: This article has been updated to include a screenshot of a report from the Russian Human Rights Council, and revised to reflect the turnout and voting ranges reflected in that report. The original version of this article only discussed the 15 percent figure cited in Ukrainian media.
https://www.forbes.com/sites/paulroderickgregory/2014/05/05/putins-human-rights-council-accidentally-posts-real-crimean-election-results-only-15-voted-for-annexation/?sh=6cb93502f172
Reporting for TODAY from Moscow, NBC’s Kier Simmons speaks with Russians about the attack on Ukraine and takes a closer look at how it is being received by the public there. While there is mixed reviews, most are not in support of Putin’s attack.https://www.youtube.com/watch?v=ziRI-mJPI_U&t=24s
Crimea was a free and open referendum with a 90 % Pro Russian vote
The invasion of Ukraine is the result of decades of NATO encroachment and 8 years of bombing in the Dombass
Dollar still dominates despite being based on debt and backed by paper!
https://www.bullionvault.com/gold-news/gold-prices-050920222
Monday, 5/09/2022 13:59
GOLD PRICES dropped Monday as further falls in global stock markets saw risk-averse demand for Dollars push the US currency up to 20-year highs on the FX market after speculators continued to reduce their bullish betting on gold for the 3rd week running, writes Atsuko Whitehouse at BullionVault.
Spot gold prices fell 1.3% to $1859 per ounce after recording their 3rd weekly decline, extending the drop to nearly 7% since Federal Reserve Chairman Jerome Powell affirmed in mid-April that a half-point rate hike was on the table for May – a move delivered at last Wednesday's policy meeting, and the first such hike since May 2000.
Oil prices also fell, down more than 2% by lunchtime in London, despite the G7 group of nations agreeing plans to block imports of crude from Russia as part of tighter sanctions over Moscow's invasion of Ukraine.
Latest data show that hedge funds and other leveraged speculators in Comex gold futures and options cut their bullish betting for the 3rd week running in the week-ending 3rd May and increased their bearish betting.
Overall, the data collected and published by US regulator the Commodities Futures Trading Commission (CFTC) say that pushed the net long position of Managed Money traders to the smallest in over 3 months. The net bullish positions shrunk 43% in the last 3 weeks.
https://twitter.com/centaminplc/status/1523659649773355008?s=21&t=Uol5ODEjg2cybgZtwu1b0w
A Full Fact campaign for honesty in politics
As our elected representatives, MPs owe us the truth. And yet, we have a political system that operates as if honesty doesn’t matter.
There is a formal process for correcting the official record in Parliament. Most MPs aren’t allowed to use it. Even if they wanted to, they wouldn’t be able to put right their false or misleading claims.
And those who can correct themselves? Government ministers, our most powerful elected representatives, too often choose not to.
When our politicians don’t correct their mistakes, everybody loses. The public’s trust is undermined and bad information can spread further, with consequences that affect all of us.
MPs were chosen to lead, not mislead us. A functioning democracy depends on good information. We need your help to make sure that MPs finally give us the truth, and own up when they get their facts wrong.
MPs need to agree new rules for Parliament that make it easy to correct mistakes—and sanction those who don’t.
Will you add your name to ensure that your MP stands up for honesty?
https://fullfact.org/
Nobody should be surprised that the man who called the unraveling of the Soviet Union “the greatest geopolitical tragedy of the 20th century” has been trying to reverse history. He took the first step in Crimea in 2014, and in the early morning hours of 24 February he ordered a large-scale invasion of Ukraine.
https://spectrum.ieee.org/russia-ukraine-fossil-fuels
https://www.rferl.org/a/ukraine-discovers-oil-field/25044815.html
Ukraine’s state gas and oil company Naftohaz has reported discovering a sizeable oil field on the country’s territory.
Nafothaz said late July 11 that the discovery was one of the largest oil fields found in Ukraine in some 15 years.
Naftohaz believes the Budishchansko-Chutovskoyefield in eastern Ukraine’s Poltava region, contains some 12.8 million tons of oil.
Naftohaz has been working the site since 2011 and the company's public relations department said it was the first oil field owned solely by the Ukrainian company.
Ukraine’s government is attempting to wean the country off its dependence on Russian energy supplies. Kyiv has placed a priority on developing the country's own energy resources and diversifying sources for importing energy supplies.
The Forgotten Potential of Ukraine’s Energy Reserves
10.Oct.2020
https://hir.harvard.edu/ukraine-energy-reserves/