Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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The misconceived and deeply damaging invasion of Ukraine by Putin has not only exposed the dictator is his true colours but has transformed the long term outlook for gold. This is a turning point for cey which can lead to a fundamental reassessment of its prospects for the future. Google Pierre Lassonde for a detailed analysis of the consequences of Putin`s actions for the gold price in the short to long term.
If shareholders were lied to by Pardey and the rest then the toothless regulators in the CITY should hold them to account and block their current shareholdings or impose massive fines. Let them appeal at their own cost.
Hi Paul,
Agreed , seems like the bad mining practice for short term gain by Pardey & Co has taken us back in time by around 4 years, that's the really galling thing about this, we were lied to and the BOD & NED's claim they were unaware of the true state of Sukari!
I had a quick scan through the first bit ( running late today--late breakfast after doing the shopping). It struck me that Sukari is down as 160km so even without the court case being settled , it looks like is is agreed about the size of Sukari. The case has being going on for so long , Centamin could probably claim "Squatterrs rights" on the land anyhow :-)
The cost cutting seems to be going well and while ounces mined is good, if they are expensive to mine that is not so good. Get the costs down and its better than working harder to stand still.
Looking at the predicited ounces going to be mined, it doesnt look like any rash predicitions, but lets hope the targets are met and exceeded.
Im not gettng any younger. It would be nice to get the flip flops before a shroud!
Crypto continues to rise … google for possible rationales…
“ Russians worried about the stability of their currency and financial system may see bitcoin as a way to protect their savings, he said. ”
Conversions between bitcoin and both the Russian ruble and Ukranian hyrvnia spiked to their highest levels in months immediately after Vladimir Putin ordered the invasion last week, according to data released Monday by Kaiko Research.
“We see some evidence of an increase in bitcoin-ruble volume,” Blockchain.com research chief Garrick Hileman told The Post, cautioning that it was unclear if Monday’s price movements could be completely attributed to such trades.
“There’s certainly a big uptick there compared to what the norm was historically,” said Hileman, who’s also a visiting fellow at the London School of Economics. “Is it significant enough to kind of move the price to this degree? Can’t say.”
Hileman added that bitcoin’s surge could also potentially be attributed to people converting fiat into cryptocurrencies in order to donate to the Ukrainian military and Ukrainian charities, which have raised more than $22 million in crypto over the past five days, according to data from crypto compliance firm Elliptic.
Ukrainian Territorial Defense fighters test the automatic grenade launcher taken from a destroyed Russian infantry mobility vehicle.
Russia-Ukraine news: 70 Ukrainian soldiers killed in artillery strike, says official
It could also potential be due to non-war-related factors like a short squeeze, he said.
“It’s very hard to make a clear interpretation here,” he said.
Many major crypto exchanges including Coinbase and FTX do not operate in Russia. Therefore, many Russians have turned to Cayman Islands-based Binance, which is the world’s largest crypto exchange and offers trades between the ruble and bitcoin.
After Ukraine’s vice prime minister Mykhailo Fedorov called on crypto exchanges on Sunday to block Russian users, Binance refused.
“We are not going to unilaterally freeze millions of innocent users’ accounts,” a spokesperson for Binance told CNBC. “Crypto is meant to provide greater financial freedom for people across the globe. To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists.”
Russia
Crypto exchange Binance has refused to block accounts belonging to Russians.
Bloomberg
Cryptocurrencies fell in tandem with stocks last week when Russia initially invaded Ukraine but have since outperformed. Bitcoin is up 10.8% over the past five days, while the Dow Jones Industrial Average is down 1.0%.
Equities in Europe traded lower in the premarket on Tuesday ahead of the reports on Germany, the European Union, and the United Kingdom's manufacturing sector. Britain will also reveal its latest performance in mortgage approvals. Later in the day, European Central Bank (ECB) President Christine Lagarde will deliver a speech on the current economic situation.
In the field of politics, the crisis concerning the clashes in Ukraine continued, with many countries and alliances imposing sanctions on Russia over its invasion. Spanish Prime Minister Pedro Sanchez threatened the EU will keep its measures active until Moscow withdraws its troops. His British counterpart Boris Johnson remarked his country and its allies will "continue to bring maximum pressure to bear" on Russia.
The DAX traded 0.27% lower at 8:00 am CET. At the same time, the FTSE 100 declined by 0.21%. The CAC 40 dropped by 0.52%.
The euro stood flat against the dollar to sell for $1.12084 at 8:01 am CET. On the other hand, the pound sterling gained 0.09% to the greenback to go for $1.34246.
Baha Breaking the News (BBN) / JR
Pancakes, lemon and enough sugar to make them crunch..
Happy shrove Tuesday y’al
https://www.centamin.com/media/2479/cey-investor-presentation-28-feb-2022.pdf
https://twitter.com/BMOmetalsmining/status/1498469350541565959
Martin Horgan, CEO of Centamin, outlined the company’s renewed operating model, its strategy for growth and diversification, and its capital allocation priorities, which look to balance shareholder returns with growth capital expenditure. $CEY #bmometalsmining #BMOConference
The message yesterday:
Hope you are doing well. Just wanted to quickly follow up on my previous message. As we are nearing the 3rd Egypt International Mining Show, scheduled for 28th | 29th March 2022 ( virtual connect), I wanted to know if you would like to participate ?
For event updates follow our page on
LinkedIn : https://www.linkedin.com/showcase/egypt-international-mining-show/
Event Website : https://egypt-mining.com/
best
the gnome
Yes but they have a lot to get backed by end of year compliance, if indeed they comply with Basel 3.
Now they will continue to keep Gold manageable.
USA finding it difficult to get pog below $1900 so far today with their paper contract shuffle..
Fiat verses Gold .
For the US is very important.
For loss of confidence in the petro Dollar, they will do anything to avoid it happening.
This war has been going on for a few years now.
It all depends on China , they need to trade ,the rest of the world needs their low priced producuctivity.
Difficult to see where and how it will end.
IMO.
predictable selling pressure now that the States are open
it really is a fiat vs gold east west divide
100 is psychological for humans not computers- 100 exceeded
astro999,
Because of strong selling in the high 99 range. 5% rise in a day is good for CEY perhaps traders ( read Blackrock ) think it could drop back a bit.Not if POG goes through $1965 INMHO !
Seem to have alot resistance 100 mark ?why?
Almostdone,
A number of Cental Banks have been buying gold, but notably China and Russia, I beleive this is to challenge the Petro-Dollar, with talk of a Gold Backed Petro-Yuan going back some years. Looks like now could be the time this plan is put into action.
Russia and China have been buying gold and reducing dollars, especially Russia. Still I think there’s only so much they can do
Oil prices swung higher once again, with the price of a barrel of Brent crude oil lifting 3.42 per cent to 101.28 dollars.
However, the situation was far more dramatic in Russia, where the country's central bank raised its key rate in a desperate attempt to shore up the plummeting rouble and prevent the run of banks amid crippling Western sanctions over the Russian war in Ukraine.
The bank hiked the benchmark rate to 20 per cent from 9.5 per cent.
It followed a Western decision yesterday to freeze Russia's hard currency reserves, an unprecedented move that could have devastating consequences for
https://www.dailymail.co.uk/news/article-10559545/BP-shares-slump-4-faces-25BILLION-Russia-hit.html
I’m sure last year it had been reported that Russia and china have been buying gold. If true, they could have been preparing for this outcome for some while.
Once over the weekend, and again this morning, I visited the Royal Mint website to check the spot price of gold. On both occasions I’ve had to wait in a virtual line to get on to the website which I haven’t experienced before.
Got to be a low key bullish indicator?)
Halfpenny, gold is gold so where it is from makes little difference, if the Russians need money and lower their asking prices they will be able to sell gold. Who would have thought the Russians would raise their nuclear war footing, and gold would be back below 1900? However better than the post on the advfn Cey board “ Nuclear war would kill millions in the first week. ..but gold would rise. We gold investors could do with such a lucky break.”. Lucky…? It is been heartening to read so many decent posts here. I still believe that low real interest rates and high inflation will in the end help gold as long as Russia doesn’t/isn’t able to flood the market.
European stock exchanges traded with losses in the premarket session on Monday as the situation in Ukraine remained in the focus of investors. Kiev and Russia are set to hold negotiations later in the day after the European Union announced new sanctions against Moscow yesterday.
The DAX declined 1.36%, London's FTSE 100 decreased 1.62%, and the CAC 40 lost 0.71% at 8:01 am CET.
The euro was 0.94% lower against the dollar at 8:02 am CET, trading at 1.11580. The British pound was 0.31% down compared to the American currency, going for 1.33709 a minute later.
Baha Breaking the News (BBN) / MS
Happy Monday y’al
An update from...Oz?
https://www.youtube.com/watch?v=whnhIrtd9Fc
From about 7:50, Dirty Laptop, Biden, Censorship, US Elections and Ukraine - what is possible?
https://www.youtube.com/watch?v=5TBn4Fy7jMo
It does make me wonder just who knows whats really going on ...
The continual breakdown of trust is a great thing for gold ....
Just my humble opinion
the gnome
Ha Ha.
Think about it ,Gold will drop , .
Who will they blame .
No prizes for guessing.
The perfect time.
We will soon see.