Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Go figure :)
Gold $50 from setting a new ATH - $2,020 right now.
Late H1 2022. I imagine a better update is due at the FY results later this month.
Source - May 2021 - https://www.centamin.com/media/2385/cey_rns_solar-contract-awards_final_040521.pdf
Blackrock incr holding from 4.87 to 5.2%
... yesterday.
So gold is well up but unfortunately oil is too so our costs are increasing dramatically; does anyone know when the solar plant will be complete and producing power for us?
No matter what the short term chatter in gold prices is the gold futures graphs are very interesting
https://www.wsj.com/market-data/quotes/futures/GC00?mod=md_cmd_overview_quote
The price of nickel traded in London rocketed as much as 90 per cent to a record high as fears of a Russian supply shock .... short-term squeeze in one of the wildest sessions in living memory.
The metal, which is a key component in lithium-ion batteries and stainless steel, leapt to nearly $US55,000 a tonne, surging past the previous record of $US51,800 reached in 2007. It settled at $US50,925 a tonne, up 76 per cent, marking the largest single day gain for nickel in the three-month LME contract’s history.
good quality nickel deposits are in very short supply as well...
Expect over the longer term, this is where the price has to head for nickel ...
get set, go
Equities on European stock markets were below the flatline in the premarket on Tuesday after Russia and Ukraine held another round of talks to resolve the outstanding issues between the two countries without a major breakthrough. Today, the two eastern European neighbors will be looking to finally implement their agreement on civilian evacuation. Meanwhile, concerns about the effect the sanctions against Russia may have on Western economies seemingly continued to dominate sentiment on all global markets.
The DAX declined 1.85%, London's FTSE 100 decreased by 1.07%, and the CAC 40 lost 1.74% at 8:00 am CET.
The euro was 0.09% lower against the dollar at 7:59 am CET, trading at 1.08601. The British pound was flat compared to the American currency, going for 1.31029 at the same time.
Baha Breaking the News (BBN) / MS
Ditch Russian oil, I’ll walk!
And a through minutes later through$2020.
It will almost certainly fall back but we are seeing lower lows and higher high which is clearly very bullish.
Gold just through $2010 so up 1.5% on when London stock market closed yesterday. Should be a good opening for CEY.
The price of gold broke through $2,000 an ounce on Monday as London’s market suspended the sale of Russian bars.
Subscription only:
https://www.telegraph.co.uk/business/2022/03/07/gold-hits-2000-amid-market-scramble-precious-metals/
Here is a look at the supply side from exploration in gold...and it is going to get a lot worse!
https://www.spglobal.com/marketintelligence/en/news-insights/blog/a-decade-of-underperformance-for-gold-discoveries
Its not so much commodities are running out, but it is a case ...
1. that the mining head grades are decreasing and costs are increasing. So it follows that the price of commodities are going to go up or it will be uneconomic to mine, and furthermore
2. the prices are so low, such that the reward is too small, for the risk which is now signficantly increasing in exploration away from mines, HENCE EXPLORATION will now SOON NOT be justifiable or investable, and GREENFIELDS WITH A PROBABILITY OF LESS THAN 1/1000 WILL BE OUT OF THE QUESTION.
3. The risks are getting significantly greater every year. Technical risks as we dig deeper, environmental risks, change of government risk, change of legislature (see my post on the TITLE FIGHT), access to water..all compounding...
4. The Mining industry is (and will not) NOT seen as a go to employer for smart young people. Go to low carbon, feet under the desk, comfortable int he city jobs hitting a key board....
So now the risks are increasing year on, the mines and cost of mining is increasing, the grades are decreasing, the mines are getting deeper, The rewards need to go up, and this means the commodity prices will have to go up to keep pace. mine margins (notable exception of Iron Ore) need to stabilise or get better. The Miing industry badly needs to attract bright people..very few in the industry is my take.
Why bother on a punt on some 2 bit junior exploration company in the DRC, when you can stay at home and invest in the latest crypto?
"Sydney-based crypto platform Immutable has soared to a $3.5 billion valuation after closing a $280 million funding round, led by Singaporean sovereign fund Temasek, with money from gaming star Animoca Brands and Chinese tech and video gaming giant Tencent. The funding round comes just six months after Immutable raised $82 million and also includes investments from local venture capital firms AirTree Ventures and King River Capital, which both have dedicated web3 investment funds. Robbie Ferguson, who co-founded the company with his brother James and engineer Alex Connolly in 2018, said the fresh capital will mostly be used to expand the fast-growing team and snap up other crypto businesses."
THats a ten bagger in 3 years or a bit more ... the mining industry will not be able to compete for the investor $$$, unless a few significant things happen, and cant see it myself.
So companies with proven reserves, know major mineralisation event, good managment, good board will do very very well.
good luck all
the gnome
The mining speculators...will battle ...
best
the gnome
MrBond - you've been quiet recently so I thought you buried the hatchet? No such luck.
My point is Aton confirms Barrick's upper management did come to Egypt during the same time period our CEO visited Sukari - a point you've repeatedly try to discount and refute.
Why? Who are you Mr Bond? Genuine Centamin shareholders would like to know.
Aton is npt Sukari as you well knpw.
"...it was good to see the Barrick guys in Cairo a few weeks ago, and to see them getting going on the ground in Egypt"
https://twitter.com/AtonResources/status/1500843100494778377
--------------------------------->>>
This is yet another independent source to confirm that Barrick CEO Mr Bristow did indeed stop in Egypt (to visit Sukari?) at the time our CEO Mr Horgan and some of the team were also visiting Sukari
IMO Barrick's M&A interest/involvement has moved beyond conjecture/coincidence
Therefore IF any Centamin shareholders are so inclined please contact Centamin IR to clarify the outstanding issues I've tried raising on LinkedIn:
here:
https://www.linkedin.com/posts/don-lawson-98619370_centamin-hiseis-activity-6905954089801265152-uw4Y
and here:
https://www.linkedin.com/posts/don-lawson-98619370_centamin-plc-announces-sukari-operational-activity-6890419280710631424-14cq
FYI : I've already received some interest from key individuals working for The Takeover Panel and The Investor Forum CIC
Hi Everyone
I know it's a fool's game trying to predict share price, especially in the current volatile marker. But I'll ask the question anyway.
Where do we see SP end of week and month?
I know it's a loaded question with many factor's at play. But if POG continues to say 2150-2200. Where is SP in relation to that ? 1.25-1.30?
Hoping for decentish results mid March, to cement upward move.
GLA
DaggerMal
Just The Money Guys doing what they do.
No question re the breakout here to my eye:
https://twitter.com/bonker_99/status/1500891268959846400?s=20
Please note Broadcast 4 Mar 2022
Andrew Maguire is joined by Dr Stephen Leeb, a renowned American economist and a financial author to contemplate the impending commodities shortage and the dramatic consequences of a silver scarcity for the developing countries.
The precious metals experts discuss how China’s growing prosperity affects the global economy, as the superpower’s appetite for gold-backed currencies keeps increasing.
00:00 Start
02:10 What are the major market drivers today?
04:00 China’s goals & basket of gold-backed currencies
11:11 Inflation, sustainability and getting back to the gold standard
22:45 The indispensability of silver for the developing society
25:55 Dramatic suppression of gold and silver prices
32:25 Gold must be revalued! How much is gold really worth?
36:00 Steven’s advice for an average person to protect themselves
39:25 A throwback to Andrew’s Whistleblowing experience
https://www.youtube.com/watch?v=SQY3otNBEo0
All a bit bonkers at mo
LBMA suspended six Russian Gold & Silver refineries from Good Delivery to the London market - presumably that's also going to pressure the Gold price upwards.
Yes, but presumably when the music stops, someone will be holding a very hot potato!?
Not in US till the end of December 2022.
Check the ruling.
"selling their paper"
I don't understand who would want to buy it. Surely it's worthless? Presumably they have to buy real gold to match the amount they have in paper? /shrug
Every day this year will be pretty much the same, at 2 pm our time the US traders get selling their paper , driving the price down, and there is plenty of that.
As for CEY SP ,I prefer gradual increases . 2 pence per day ofter a month in theory is good, but of course this is being traded So that keeps its rises slower.
Either that or some individual is interferring, I see no clear evidence of that so far.
No large sells from institutionals, that is good, may it continue.
But what does anyone know ,at this horrible time.
GLA.