Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Spot on Mr Bond, don't come any better than Cornish bred miners!
Cheers Mr T
As for the Barrick recruits , I noticed at least one had attended the Cambourne School of Mining, still one of the best wordwide.
Mr Tibbles .
I didnt find David Tice very communcative.
Propably because of the political climate in the US , he is probably worried about Sanctions on himself , haha .
But cant say I blame him.
Hi Halfpenny,
I have a pub friend who works in a mining related industry in Egypt and they get to hear some of whats going on at the sharp end at Sukari as it were.
I don't want to drop anyone in it and obviously this is only what I have heard word of mouth and in good faith, it seems that the previous at the pit face/open pit crews were to say the least certainly not as well managed or incentivized as they should have been and most certainly failed to exploit the riches/reserves in certain areas of Sukari as well as they should have done, and completely missed some!
Since the new management took over the true future and indeed what was overlooked in the past is becoming ever more apparent and hopefully bodes well for the future.
"One that has been swept under the carpet was Cleopatra and the money spent there and why Ross jerrard is still there.?" highlighted in the past by Cowichan
It seems that certain top level employees agree with some of the issues Cowichan has raised in the past (such as the suppressed HiSeis 2D survey, etc) there must be good reasons to question what has been going on at Sukari in the past .?
"Sukari is supposed to be a teir 1 asset and agree it's not the best team to run the asset, there senior management tab on there web site is testament to that
Off site overheads are high as compared against there peers although there official office is in Jersey there is a satellite office in London.
Martin Horgan can sell ice to Eskimo's, he talks the talk, but does he walk the walk, that said with in excess of 10 expatriate staff from Barrick he seems determined to bringing in the much needed expertise and enthusiasm to deliver on his stated objectives!
Oops just realized that's for 2012, but the output is rising.....doh!
https://moneyweek.com/22331/centamin-doubles-profits-after-record-quarter-120130-0818-20746
100250, 103500, 107000 you get my drift?
EP.67: LFTV - Gold traded for Russian Oil? Paper market left behind. Feat. David Tice
In this week’s Live from the Vault, Andrew Maguire is joined by gold and silver mining stock expert, David Tice, well-known for founding and directing the Prudent Bear Fund (BEARX).
The two precious metals advocates weigh in on reports of Russia trading oil for physical gold, an economic shift with the potential to turn the paper market on its head.
Timestamps
00:00 Start
02:30 David Tice - Who is he and what is his background?
04:30 The Treasury yield curve inversion. What's going on?
05:25 Gold and silver mining - Why is Dave such a big believer?
07:30 Starving commodities. Russia is using gold to escape sanctions.
10:50 A word about paper, physical and stagflation.
12:15 Discounted Russian oil being traded for physical gold
14:50 The dissolution of the petrodollar
16:00 David loves silver in his portfolio!
17:00 Physical silver squeeze - is it possible to happen?
21:12 WallStreetSilver and the SLV Short Squeeze in February 2021
https://www.youtube.com/watch?v=bj9LfsuZEWk
Watch David Tice’s new documentary - GRID DOWN, POWER UP: https://youtu.be/KwBY90a997o
Or, visit https://griddownpowerup.com/
I shouldn't need to point this out, but for the sake of some please note-
"The opinions expressed in this video of Andrew Maguire and any guest,"
My thoughts are it'll be higher production than Q4 as they seem to have hit the ground running since their woes and subsequent quarters will also show improvement.
Let's hope so halfpenny!
If Q1 is equal or better than Q4 last year why wouldn't it be then up we will be.
Hi VonMoltke,
My wife's mother had a grandfather who held a commission in the Prussian cavalry and we also had an artist friend Elke who was of Prussian descent.
Anyway I wouldn't worry about nationalisation because the Egyptian government EMRA is already in a legally binding partnership(enshrined in law) with Centamin regarding the Sukari operation.
Also the Egyptian government is keen to reassure international investors that Egypt is a safe and stable country to set up business in, which is on e of the main reasons why the new mining laws were adopted.
Hi Tornado,
Fair comments indeed,
I recall a very down to earth factory superintendent my immediate boss at the time and at our weekly production meetings he would sometimes refer to his loft of racing pigeons saying how much he cared for them and how he always fed them the best corn, but then on occasions Lou would sometimes refer to some of the shop floor operators as not being worth their corn and that if they didn't improve then although we didn't want to do it we would need to wring some necks!
I am of the opinion that this is the case with our BOD & NED's!
My view of Centamin is that it is in a geostationary orbit over Egypt. Sometimes things move faster and the price goes up a little, soon to decelerate back to where it was. If you simply hold Centamin long term there's a distinct danger you end up out of pocket. That is why i try and make little bits where and when I can and squirrel them away. These amounts do add up with time. I'm back in the market today but couldn't extricate myself to effect. Probably one of the worse things that could happen is nationalisation by the Egyptian government. So Centamin has to keep them sweet. We need significant news which translates into extra bars of gold bullion for the price to move, or a sharp hike in spot gold price. This share is testing to hold. Anyone else thought of investing elsewhere, eg, currency trading, As regards crypto, I can't make sense of this apparition. I wouldn't touch it with a barge-pole. Anyway, a chance to live and fight (the markets -- not people!) another day on Monday . Very best wishes to all commentators and investors alike and thank you for your rich and varied opinions.
Sunshine
H1 60-65% annual costs vs 45% annual production. H2 35-40% annual cost and 55% annual production. We have another difficult quarter and the mood may well change here otherwise a lot of heat will be heading on management's door mat as folks will ask what are we paying these folks for if they do not deliver.
Tony
Hi Mrtibbles
Thanks for your reply and great to have you back. I hope and trust that you are fully recovered.
Yes, I have followed this share up and down, including the business of the pit wall, the change of CEO, the West African exploration etc etc.
Over time I have lost £ and made £ on CEY.
For now, I am out. I note that the price is not as low as it was quite recently. All this whilst POG has struggled.
GLA. DYOR
Hi Sunshine,
It used to be more positive, but unfortunately after a narrowly averted open pit wall collapse forced the disclosure of several years gross Sukari mismanagement and the way that share holders trust had been taken for granted and then betrayed by the senior management positivity amongst share holders tends to be in short supply!
Lots of negativity here re. CEY. Not sure its merited, though.
I have no position on CEY long or short so no axe to grind. But I am following the share since I might invest once more in it, depending....
Anyway, it seems to be holding up pretty well to me. POG not great, drifting, CEY price still north of 90p, only a tiny bit down on the day as I write this.
Perhaps there are positive signs for the share, peaking up above the undergrowth?
DYOR
GLA
it isn't just this company that is suffering on the sentiment front; most small producers have had a horrid time lately. I have two others on the flat line for months
Lodan.. I agree with you. The fact that 90% of the MPI business activity reports I've read this week show a decline or slower growth and higher costs doesn't seem to dampen market enthusiasm for piling into general equities. I am seeing red flags across the board for demand reduction in the face of inflation and yet the market; prices it as if people have bottomless pockets. Gold will fly once the ordinary folk vote with their feet on most goods and services; at that point then more than perhaps 1% of americans may realise that bloomberg et al' are talking rubbish. Time will tell but I have gold at a significantly higher level than current prices mid year. The only problem is a weakening dollar at that point doesn't help FX.
Research shows that quality and value are two powerful drivers of stock market profits. After the economic turmoil we've seen over the past year, it's possible that these two factors could have an influence on the Centamin (LON:CEY) share price.
For contrarian investors looking for shares that are being overlooked by the market, quality and value are vital clues. Academic studies show that good quality, cheaply priced shares can deliver outperformance on average over time. While no stock is immune from a sudden setback, focusing on quality and value are used by some of the world's most respected investors - from Joel Greenblatt to Warren Buffett.
The Centamin share price has moved by 1.16% over the past three months and it’s currently trading at 88.6p. But what's interesting about this share is its potential exposure to those influential profit drivers of high quality and a relatively cheap valuation.
Good quality stocks are loved by the market because they're more likely to be solid, dependable businesses. Profitability is important, but so is the firm's financial strength. A track record of improving finances is essential.
One of the quality metrics for Centamin is that it passes 5 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality.
Fair price
While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. With a weaker economy, earnings forecasts are unclear right across the market. But there are some valuation measures that can help, and one of them is the Earnings Yield.
Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share.
A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Centamin is currently 14.1%.
In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound.
https://www.stockopedia.com/articles/why-shares-in-centamin-may-be-able-to-withstand-economic-turmoil-266930/
https://www.stockopedia.com/share-prices/centamin-LON:CEY/?aid=266930&tid=1203&bid=553&sid=58191&ticker=LON:CEY&cta=inlinebutton
Very interesting discussion on gold, monetary systems, etc...by a non gold bug ....
https://www.youtube.com/watch?v=oWba9ixlLd8
the gnome
Major European stocks stood mostly flat in Friday's premarket trading as investors awaited the latest manufacturing and inflation data for the Eurozone, set for release later in the day. As the clashes in Ukraine continued, market estimates suggested the euro area saw another hike in consumer prices last month.
The DAX, the FTSE 100 and the CAC 40 all traded unchanged at 8:06 am CET, with both the euro and the pound remaining flat against the dollar at the same time to sell for 1.10673 and 1.31347, respectively.
Baha Breaking the News (BBN) / ND
Happy Friday y’al
Anyhow on a cheerful note pog is flying up once more just now..