Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Razor, I think that's the most positive one can be on the results.
The $1533 AISC particularly is not great - albeit it's common across other gold miners I follow. I had hoped the solar array would shield us from energy increases, but alas no.
The huge drop in margin across gold mining is going to impact supply at some stage. But there's a plethora of new supply in process of the current investment cycle so this is a few years away.
The wider perspective is CEY is cheap on historic measures, debt free, building its JORC reserves, and is looking to improve operational efficiency, so is pursuing the right strategy. So looking beyond the quarter is holding for the long run is my perspective here.
Headline statements of positivity and jam tomorrow again, don't hide the figures - low ounces with ensuing high AISC etc etc etc
Centamin reiterates its 2022 full-year guidance
Equities in Europe traded lower in the premarket on Wednesday ahead of the release of the newest reports on Germany's producer prices, and the euro area's industrial production and trade balance. Investors will also keep an eye on the developments in the conflict in Ukraine, particularly after Russia gave that country's army an ultimatum to leave Mariupol by 2:00 PM Moscow time.
The DAX declined by 0.12% at 8:02 am CET. At the same time, the FTSE 100 decreased by 0.15%. The CAC 40 fell by 0.15%.
The euro gained 0.28% to the dollar at 8:02 am CET to go for $1.08176, while the pound sterling increased by 0.26% against the greenback to sell for $1.30319.
Baha Breaking the News (BBN) / JR
Good luck today y’al
Let's hope gold bounces back tomorrow too...if it continues to drop that won't do any favours for mediocre results...expected are not
My guess is a hopeful 100,000 ounces which might give the SP a chance but won't be enough for an end of quarter profit.
Dear Mr Horgan,
The following paragraph appeared in the last quarterly update of January 19th, 2022 ;
"In Q4, surface exploration on the 160km2 Sukari Mining Concession commenced with a prioritised 10,000m drilling programme, targeting potential satellite deposits to the Sukari processing facility. The programme is near completion and assay results are expected in Q1 2022."
Therefore, please start delivering on the expectations set from quarter to quarter and give us some results from the 10,000m drill program circa Q4 2021.
The decade-long pattern of management failing to deliver on stated outcomes needs to end.
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4028831&lang=en-GB&companycode=au-cey&v=
I'm a bit more optimistic than ya'll then.
Followed CEY for years but it always missing targets and the SP languishes often 90p - expect itll be back there tomorrow on another average trading update - remember it going to 180 years ago, then that 220, but as usual its tumbled back to sub £1 again. till 2morro
pulls not pools
LL I have a trading pool of stock that has a breakeven above 100p. If it pools back to low 90's or high 80's I can buy a shed load from cash added to the portfolio.
So have you all got your shorts lined up then?
The rush is still on to swap the paper for real assets that generate income, large moats etc... In fact now the race is on for funding strategic mineral companies ... by governments ... what a marvelous world?
The US government has joined Australia’s biggest superannuation fund and electric car giant Tesla in backing Syrah Resources with a $145 million loan.
Disruption coming to the gold industry and to Egypt...The Chrysos process uses high-powered X-rays to bombard rock samples and activate atoms of gold and other metals. A detector can determine their concentrations in minutes. The large testing units are about the size of three shipping containers, positioned side-by-side.
Large samples of up to 500 grams can be assessed using the technology, without being destroyed as they are in the traditional process, which involves sending samples away to a laboratory and heating to 1200 degrees to discover how much gold the samples contain. That traditional process takes more than 24 hours.
Chrysos states in the prospectus that at February 2022, the company had total contracted value of $448 million under its 33 existing contracts for the machines, with 25 of those still coming down the pipeline. Real assets, so in the investors pile, but there are cheaper options
https://portableppb.com/our-technology/
May fast track the competition in the gold exploration space ... for 0.5% of the price, gold assays in a day
Whichever way, gold prospecting/exploration is going to get faster and more effective ...
CEY should move along....quickly, do the deals etc...
the gnome
Expecting the report to get a bad reception tomorrow. Highest quarterly costs for the year versus lowest production. The higher gold price sold in Q1may help a little. The only thing that may prevent it is a breakout on the gold price above $2,000 an ounce and CEY edges back to around 107-109p as before. We need that solar farm up and running by July 2022.
Major stock indexes in Europe traded mostly lower in premarket on Tuesday as the conflict in Ukraine continues. Shellings have been recorded both from the Russian and the Ukrainian side. Ukrainian President Volodymyr Zelensky stated that Russia started a large-scale offensive in eastern Ukraine.
DAX lost 0.62% at 8:01 am CET, while CAC 40 was down 0.74% at the same time. FTSE 100 was flat at 8:01 am CET.
The euro traded 0.08% lower against the dollar, selling for 1.07745 at 8:02 am CET, while the pound fell 0.13% against the greenback, to sell for 1.29961 a minute later.
Baha Breaking the News (BBN) / AY
Poor old cey tanks on every rns the last year...but our time will come
Or not, dont trust the markets.
Interesting to see the update on Wed and with gold looking good we could see a bounce
Yes not many charger in deserts are there.
As a previous article explained modern petrol engines have much less polution and far less hidden pollution to the environment-
I short nowt is cheaper , just pressure groups and bent politicions pushing their agendas , for the benefit af their friends.
Tesla is overprised hype ,another big con.
IMHO.
Your article was interesting marketing.-
Thank you.
Hi Mr Bond,
Oh I wasn't expecting you to buy one, neither shall I !
Just thought you may find the article interesting considering the problems with your sisters Range Rover, it would be interesting t see how these eclectic versions got in in the outback ?
MR tIbbles ,I have no intention of buying any all electric vehicle.
not only lack of range and charging times but doubling my electric bill.
Maybe another 10 years before batteries are built sufficient for heavy duty.
The same applies to heavy equiptment for mining.
As Dasut said ,to much downtime, and not at all practical.
Hi Mr Bond,
I'm afraid that today's Range Rovers are overpriced and have far too many electronics, apps and other semi conductor built in obsolesce on them for my liking, not the vehicles they once were and the new ones certainly won't last as long as their predecessors.
You might find this of interest though.
This car isn’t being brought to market by Land Rover, but instead by Liberty Electric Cars. Liberty is a relatively recent start-up company, and the E-Range is the firm’s main product.
Everything about the E-Range is high-end. The car itself starts life as a new Range Rover, then Liberty removes the diesel engine and replaces it with electric motors and batteries. The main lithium-polymer battery pack sits underneath the car and there are four electric motors, one for each wheel. At 75 kW, the battery is the largest battery pack that has ever been used in an EV, and the unit is expected to have a life of 300,000 miles or 13 years. Liberty manufactures its own batteries in-house.
https://www.greencarguide.co.uk/features/liberty-electric-range-rover/
This is the Ineos Grenadier – an all-new car from an all-new company, but one with a distinctly familiar look. Just three years ago, in 2017, Ineos Chairman and car fan Sir Jim Radcliffe decided to do something other car makers seemed to be shying away from: produce a vehicle with off-road ability at its heart, a utilitarian car where form followed function. This is the result, the first model from Ineos Automotive, and a car that takes its name from the pub where the idea was first formed. Auto Express was invited to Ineos HQ to take a look at the Grenadier and meet some of the team behind it.
https://www.youtube.com/watch?v=PJguNBmlvuot
The Goldman Sachs economics team says that there is now a 35% chance of a U.S recession over the next two years, with the labor market a particular problem for the Federal Reserve. The large gap between jobs and workers, which keeps wage growth elevated, has historically only declined during periods of economic contraction, chief economist Jan Hatzius and team wrote in a note out on Sunday. Predictions for a recession have been growing as the Fed tries to negotiate a soft landing for the economy at a time when inflation is at a level not seen in four decades.
Deutsche Bank was the first big Wall Street bank to forecast a recession, saying in the first week of April a recession in late 2023 is now their base case.
Quotes: “Taken at face value, these historical patterns suggest the Fed faces a hard path to a soft landing,” Hatzius said, according to Bloomberg. But other strategists are more cautious.
Wells Fargo stock strategist Chris Harvey said in a note last week that despite "daily calls for a recession from anyone with a megaphone, we do not expect one of the next 12 months. Rather, stagflation (high inflation/slower growth) likely will prevail."
Credit Suisse says it is not underweight equities (SPY) (QQQ) because: "i) equities are fair value (not overvalued) with equities being an inflation hedge compared to bonds; ii) monetary conditions are very loose; iii) we only tend to get recessions 9 months after 3-month money inverts relative to 10-year."
Go deeper on yields: The Fed's hawkish signaling, with 50-basis-point rate hikes expected over the next few meetings has sent Treasury yields sharply higher. An inversion in the 2-year and 10-year Treasury yield curve was pointed to as a signal of an upcoming recession. But the inversion was short-lived and that curve has started steepening again.
Yields are up again and the 2s/10s are steepening again this morning. The 10-year Treasury yield (TBT) (TLT) is up 6 basis points to 2.87% and the 2-year (SHY) is up 5 basis points to 2.49%. Real rates, which the Fed also wants to see rise, are climbing as well, with the 10-year inflation-protected yield about 10 basis points away from positive territory.
"Despite the embarrassing panic about the wrong yield curve measures flattening/inverting earlier this year, the curves that actually forecast recessions remain steep and have been steepening," MKM's Michael Darda said in a note.
"The long Treasury rate (or 10-year Treasury yield) minus the 3-month Treasury bill yield has inverted before every recession since the mid-1950s." That spread is now around 200 basis points. Still, traders see little respite from the bond selloff in the near term. “We’re coming out of one of the worst quarters in history .. and the big bear market in bonds continues,” Thanos Bardas, global co-head of investment grade at Neuberger Berman, told The Wall Street Journal
Thank you Sotolo for your thoughtful and balanced post on these issues.
On the contrary, this is the UK's Prime Ministers breaking the very law his party enacted into law, called an act of the legislature, or a statute.
Prime Minister Johnson and his cabinet broke the law by partying whilst the people were abiding by the law,and in many cases were unable to visit old , infirm dying relatives to say their goodbyes, this has caused some people to suffer all sorts of mental illnesses including PTS and anxiety which they will suffer from for years to come.
The war in Ukraine is terrible and we want to do all we can to help those e suffering from such unjustifiable aggression and acts of war inflicted upon them by Russian dictator Putin and his cronies.
But that said, the situation is being used by Boris Johnson s government to divert the public's attention from their own law breaking and the disastrous effects on the UK economy by Brext and the years of back door privatizations of the NHS and our other public services!
Yes,we certainly do care about getting the priorities in life right, which the majority of members on here do because they are decent people who aren't selfish.
Centamin will come right, its the other things that may not be as easy to cope with and will have far longer and far reaching effects on everyone's future.