The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Thank you Alhamd for enlightening us on this news.
"May piece be upon you"
Tibbs
Thank you Razor,s, and thank you Mr Bond you raise a most pertinent point!
Major European stock exchanges traded mostly higher in the premarket on Wednesday as investors anticipated the latest data on German industrial production and the United Kingdom's house prices. In addition, Total Energies will reveal its latest earnings results.
The DAX rose 0.15% at 8:00 am CET, while the Euro Stoxx 50 gained 0.21%. The FTSE 100 was flat at the same time. The CAC 40 increased by 0.10% simultaneously.
Both the euro and the pound were flat against the dollar at 7:58 am CET, selling for 1.07607 and 1.26034 concurrently.
Baha Breaking News (BBN) / DD
Happy hump y’al
Gold currently $2033.96
Https://www.youtube.com/watch?v=o3DhXyBF93g&pp=ygUIY2VudGFtaW4%3D
Van Eck still selling….or someone else?
When you look at the value of each sold trade versus bought trades the bought are 10 times more.
this must distort the share price, small value traders. Up 10 quid then off to weatherspoons to celebrate.
Number of Trades 618
Vol. Sold 468,425
Sold Value £438.83k
Vol. Bought 1,288,256
Bought Value £1.21m
Firstly I can sympathise with you over the loss of your friend to cancer and the frustrations of dealing with the disjointed NHS departmental system, I too recently lost a friend of over forty years to leukaemia and the situation was much the same as you experienced,
The NHS has far too many trusts, this has led to lack of continuity, inconsistency in costs, ineffective purchasing and a postcode lottery obtaining successful treatments and procedures , I also agree that data should be shared , but it seems that in many instances like your friends there is a general ignorance of the data protection act amongst staff.
You are quite wrong to blame the media tough , they are doing their job, exposing the situation
The reality of the effects of the lack of NHS dentistry is that the government over the past 12 years has worsened the dentists contracts to such an extent that they were carrying out many NHS procedures at break even or a loss.
I have owned properties since 1979, however during the Thatcherite years councils were forced to sell good quality social housing at up to 40% discount but they weren't allowed to use what money the did receive back from sales to build more social housing, despite there being thousands of people in most areas on the social housing waiting lists,
This was also an opportunity for the private landlords to exploit the homeless and needy.
Local council.s were also prohibited from acquiring capital assets, that included refuse trucks, highway plant, photocopiers and all manner of owned equipment, instead they were compelled to lease hire equipment, this was far more costly as councils are tax exempt anyway however pushing up costs for councils was all part of the justification to privatise public services.
Thatcher also scrapped the 1930 public transport act which safeguarded the standards of safety and affordable reliable frequent bus services , Local councils like ours were forced to sell off their municipal bus companies to the private sectors best offer which invariably as in our council case was less than half of their true worth, however this was also a way to get rid of the union membership and so an opportunity to scrap pensions schemes and worsen the staffs terms of employment
https://www.bma.org.uk/advice-and-support/nhs-delivery-and-workforce/pressures/nhs-backlog-data-analysis
https://www.mirror.co.uk/news/politics/department-health-slammed-stats-watchdog-31972187
https://www.independent.co.uk/news/uk/rishi-sunak-nhs-adam-kay-stephen-fry-jo-brand-b2472950.html
Quarter of population now on the NHS waiting list, poll suggests in warning to Rishi Sunak
https://inews.co.uk/news/politics/quarter-of-population-now-on-the-nhs-waiting-list-poll-suggests-in-warning-to-rishi-sunak-2655681
Coming up is one of the holiest months of the year, Ramadan. Knowing how prices are at an all-time high across Egypt, the country is preparing for the holy month ahead of time in anticipation of making sure food is both available and affordable for the entire population. The moment January arrived, Egypt launched the 3-month ‘Ahlan Ramadan’ fairs.
They usually take place 2 weeks before Ramadan, but this year, they kicked off 3 months before the holy month to make sure the population is stocked with discounted food before prices peak even more.
Each governorate has at least 5 outlets for the Ahlan Ramadan fair that are made up of commercial chains and pavilions. Along with the food fair, the government is offering coupons to vulnerable families in Egypt, which can be used to buy essential food from consumer complexes.
There will also be mobile vehicles that’ll be stationed in squares and places where consumer outlets aren’t available and will be selling food items and fresh and frozen meat products for citizens. It’s yet another way to supply food before the holy month.
Beyond the fair, the Egyptian government is working on securing discount deals with major food producers and global suppliers to buy bulk orders in anticipation of the holy month.
Among the food items that they’re getting with discounts is yameesh, which is a collection of nuts that are imported from Syria and other Levant countries and are used in many Iftar dishes across Egypt.
According to the Ministry of Supply and Internal Trade, “We are intensifying efforts to search for local and global companies to provide large quantities of various food items, especially Ramadan yameesh, at reduced prices in preparation for the holy month of Ramadan.”
All these efforts will help to ensure that Egyptian citizens and families are ready for the upcoming holy month.
https://scoopempire.com/in-a-tough-economy-egyptian-government-offers-various-aid-methods-ahead-of-ramadan/
may Allah richly bless our Sisi , protector of his people , helper of the poor
Gold + 0.62% $2037.50
Not the case Mr T- UK House prices were on average approx £140k and in Nov 2023 they were on average £280k, so a doubling in 20 years. I've owned properties for 35 years.
Agree on UK state pension is very poor. People often ask why over the past 50years why there is a UK obsession on buying a house compared to many other countries, well the answer is clear- how on enough can you pay the rent when you're over 67 if you didn't buy a house? Other countries state pensions are generally far superior, so this rent issue for pensioners is no where near as severe.
The biggest problem is the rent rise over the past 20years.
All govts in UK have generally been poor. The same media commentators are moaning about the debt are those same people who more lockdowns and furlough- bonkers... and causing enormous govt debts.
Agree on dentists and NHS in general. Again, media are generally to blame too. A friend recently had cancer, was passed from pillar to post to get it sorted, so many departments and hand-offs involved where rationale given was "we can't see this data due to data protection, go to this dept" and so on, causing huge delays...
If an AI data sharing utopia there would have been access to millions and millions of scans where scan images could be compared in a second to ascertain likelihood of cancer issue, whereas all they could see was some local data to compare and then it's up to the local experts to take a view before proceeding to next stage which of course is very limited.
Limited data sharing, beaurocracy built up other many years to "protect data" due to the 1 in a million chance of an issue and litigation has meant probably about 40% of the entire NHS is spent on beaurocracy causing bonkers delays!
Rant over...
Mr Gnome , the UK is in a worst state than I can ever recall, in short it has became and ever more divided by wealth prejudiced society!
Over two decades of ridiculously low mortgage rates have led to ridiculously high house prices, it was glaringly obvious that greedy estate agents and banks were just going to jack the house values because buyers could afford to take out ever bigger mortgages, this may have been of benefit to some owners , but in reality it also raises everyone living costs such as council taxes and other related cost such as house insurance with another Tory stealth tax of 12% IPT.
The UK state pension is a joke and it's impossible to find an NHS dentist , see a GP in a reasonable time and even when you do it's likely that you will have to wait over two years to see an NHS consultant assuming that you can get on the waiting list!
Yet for the past 14 years our UK Tory government has continued to take peoples National insurance contributions and use them for anything other than their intended purpose whilst systemically dismantling and privatising our health and social services!
People are encouraged o take on ever more debt to buy all the things they don't really need to keep the consumer based system turning, most never pay off there debts, they service them and take on more each time the interest tare drops which all seems fine until they are unable to work, possibly through not being able to access medical treatment!
Yesterday in Bristol there were over 2000 people some who were trying to register at a community dentists because of the dire shortage of NHS dentists!
https://www.theguardian.com/society/2024/feb/05/queue-new-nhs-dental-practice-bristol-st-pauls
The surge in the US dollar rate in the parallel market comes amid widespread anticipation that Egypt may implement a fourth wave of currency devaluation against the US dollar.
'Amid this challenging foreign currency crunch, importers in Egypt are pricing commodities in the local market at EGP 85 per USD.'
https://english.ahram.org.eg/News/516932.aspx
Major European stock market indexes traded with gains on the premarket on Tuesday as a new batch of earnings is just around the corner. BP and Linde will release their business data today, while UBS already revealed their fourth-quarter results, missing estimates.
The DAX increased by 0.15% at 8:00 am CET. The Euro Stoxx 50 gained 0.47%. The FTSE 100 rose by 15%. At the same time, the CAC 40 was up 0.30%.
The euro was 0.09% higher against the dollar at 7:58 am CET to sell for $1.07525. The British pound rose 0.13% against the greenback at the same time, to sell for $1.25535.
Baha Breaking News (BBN) / DD
Gold currently $2026.80
Thank you RR for this presentation. I have learnt more about CEY , its current situation, performance and potential from this vid than any other source for an amateur investor like me (allthough every day is a school day re mining and its operations on this forum). Also good to get the intel on the region financial and political stability factors. Of course the current Yemen sea lanes etc threat and its affects on the Suez and drop in income for Egypt coffers is a concern for knock on effects throughout the country and that casts a big shadow, however in general am encouraged by your research and hopeful that the geopolitical situation will get sorted out diplomatically ....or in otherways soon, and as you say should the CEY reported figures turn into positive reality then plenty here to keep the hope candle burning! On the strength of this I am encouraged to hang on in there for a bit.
thanks sotolo.
the relationship between gold and interest rates is not quite as straight forward as one might think. aren't the interest rates a tad high, and gold at its (sustainable?) highest level ...
i take a view that gold is more of a defensive asset, that tends to fly when people lose trust in the systems, and uncertainty grows. in war time (we have a few on the go now) especially, government debt (already at extreme levels) and currencies (whose vaue is set by market forces, wink, nudge) can see extreme levels of volatility, and gold tends to serve as a defensive investment on the expectation that it will hold its value and be more steady than investments exposed to the global or political conflict, and so on and so forth.
you can see some science (sorry to mention this on the chat forum) testing of gold prices expressed in u.s. dollars, british pounds, euros, and chinese yuans finds evidence that gold returns respond positively to a rise in a set of uncertainty variables, suggesting that gold can be viewed as a hedge against uncertainties.
https://www.sciencedirect.com/science/article/abs/pii/s0301420721005535
i only watch tv for sport and a bit of black comedy (starring imran khan these days, sadly), the rest is just bs and filling in time which i dont have much of...could we see both the new pm of ****stan and the president of us both operating out of jail, lol, funny ol world
whats your prediction of the gold price at close of 2024? $2400?
https://www.jpmorgan.com/insights/global-research/commodities/gold-prices
good luck the punters and investors...
the gnome
Thanks
This Linkedin thread was highlighted by another investor,although there appears to be no information or particulars (as in how much%) this may have on any existing of proposed mining projects within this jurisdiction, no doubt Centamin will factor this to the Doropo mine decision?
GPMCI’s Post
View organization page for GPMCI
GPMCI
12,148 followers
1w Edited
[CAFE MINES 2024]
The Professional Group of Miners of Côte d'Ivoire - GPMCI through its Legal, Tax and Customs Commission organized its traditional presentation session of the 2024 tax annex, this Thursday, January 25, 2024 from 9:00 a.m. to 11:00 a.m. at the headquarters of the said institution.
This activity, which was marked by the active participation of many GPMCI member companies, was an opportunity to present the new provisions of the 2024 tax annex, as well as their impacts on mining operations in Côte d'Ivoire.
Note that this tax annex includes a total of 31 measures including 20 major measures, impacting mining operations. These measures revolve around the following three (03) categories:
✅Increase in State tax revenue (05 measures);
✅Technical and rationalization measures of the tax system (09 measures);
✅ Support for businesses (06 measures).
For mining professionals, it was a moment rich in exchanges, sharing of experience and knowledge around the new tax provisions.
#fiscal annex #GPMCI #cafemines
Your presumption is correct .
Are Centamin involved in prospecting in Saudi Arabia ?
I presume not , but I thought I remembered this from a while ago ....
Hi Pam, welcome to the world of Centamin share ownership! I've been holding/trading this one for a couple of years and the price has ranged from 76p-125p visiting both extremes or close twice in that time. Many holders here made a lot of money when the shares hit £2 in 2020 but others also bought in at those levels and are pretty fed up, to put it mildly
FWIW I think the share price sinks on news of regional political instability, any hawkish news on central bank rates (higher rates = lower GP) and high costs of production and exploration.
On the plus side this is a world-class asset churning out 14-15 tonnes of pure gold every year and it is about to get better. Building doropo ($400million perhaps?) and continuing EDX and pit maintenance mean the company is ploughing an awful lot of that cash back into the ground and - as you point out they - have to give half their profits back to the egyptian government.
If the shares are £1 the company is valued at 1£.2billion or so which is around 10 times profit. so my rule of thumb is if the shares are trading at much less than a quid they're a bargain and at much over £1 it's time to take a little profit but that's just me. Anyway it's an intersting share to own and I wish you the best of luck with it.
Hi Guys,
At a weekend dinner party one of he guests asked if I was still in Centamin as the company seems stuck in limbo, I asked why he thought this was, he replied that it was most likely because of the very high costs of clearing huge volumes of waste and mining generally unreliable low grades at Sukari.
He also mentioned that some are still very wary of Centamin and think that the profit share of 50% is out of date and overgenerous .
Since then I across this site-
Centamin (CEY) Risk Checks
Rewards Trading at 45.1% below our estimate of its fair value
Earnings are forecast to grow 18.58% per year
Analysts in good agreement that stock price will rise by 42.9%
Risk Analysis
Profit margins (9.5%) are lower than last year (17%)
Unstable dividend track record
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares
I really don't know what to think?
Pam
Like your last line justifying putting this social media diatribe on the Centamin investment board. I could answer about US politics, whether Obamacare better than before it etc, but here is not the place and what is the point in the face of the usual u fightable long term cyclical advance of ghastly strong men from Al Khameni in Iran to Putin in Russia Xi in China, Haniyeh of Hamas, Netanyahu, Erdogan, etc etc, all promise what you suggest Trump does, winning wars; logically not all can as even USA found from Vietnam to Iraq. Some of us still champion democracy as best of worst but as you say fewer, you think all this should be good for gold but its price seems more driven by real interest rates that its quick knee jerk reactions to outrages, so maybe gold will be up a bit this year but maybe not the soaring you see from the TV star you appear to champion, late stage Rome boo hoo
Hi,
Anybody got access to Level 2 Console on here?
Wondered if there was a tech problem because some of its missing .. ? (!)
Apparently X was meant to mean mixed.
The headline was changed minutes ago.