Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Mr B , I suggest you put your big boy underpants on and deal with views contrarian to your own. Diverse opinions add value to chat forums such as this .
If you read my post you will see that it was in support of an earlier posting by Steve J regarding an exit point. . I highlighted an opportunity which might be coming up to do this
Interesting that you didn't accuse SteveJ of the same .
No reply necessary.
The best way to show displeasure, is simply to band together and vote out the directors who are sitting on their hands, as has been done recently by a very minority group of investors at Exxon
"May 26 (Reuters) - A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company’s leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change.
The success by hedge fund Engine No. 1 in its showdown with Exxon shocked an energy industry struggling to address growing investor concerns about global warming. It happened on the same day activists scored a big win against another oil major, Royal Dutch Shell - a Dutch court ordered the company to drastically deepen pledged cuts to greenhouse gas emissions"
Even the dinosaurs did not see their demise coming, until it was too late
This week’s main event is the final Federal Open Market Committee meeting of the year on Dec 14-15. Some market participants expect the rate of asset purchase tapering to double; others think it will stand pat with the current pace. The arguments on either side are balanced. Persistently high inflation and improved recent labor market data favor a faster tightening. Lack of clarity about the impact of the omicron variant of the coronavirus is a reason for caution. Whatever the pace, though, the Federal Reserve is now set on a tightening course, and economic fundamentals will keep it there. As the labor market tightens, demand pull will keep pushing up inflation until the middle of 2022. At that point, the productivity boost from the capital spending boom of the past two years could become a moderating force. But US inflation will likely hover above the Fed’s 2% inflation target for most of next year.
best
the gnome.
Many thanks to the various contributors who responded to my current predicament!
Your overview of recent broker notes/targets was very useful to get an overall feel Halfpenny with NewSids advice kept in mind.
Your additional comments were also appreciated mrtibbles not least the line to the effect that Sukari was being run by Josef, Youssef and Pardey 'like any other pyramid scheme'. In Egypt. Nice :)
And thanks for the thoughtful post Tornadotony (thoughts with all those affected in Kentucky btw) and briefly reply to your points that:
1. Never been inside a betting shop but would take a calculated risk
2. No longer any assets to pay off and only using 'money allocated that I can afford to lose'. For CEY will probably be cashing in on some of my 35% rise in my Blackrock Energy ETF.
3. Primarily an invester. I manage my own portfolio (past 35 years or so) using the Interactive Investor platform.
4/5. Have a core portfolio but prepared to trade around that. Sleep not an issue thanks.
6. My request for 'education' was actually only with regard to the apparent decreasing annual dividends which I am now understanding is arising out of rising AISC amounts required in a bid to turn things around to a more dependable model by the current management.
Have a substantial (for me) silver ETF holding so as this is a geared play on gold very interested in what happens in this market.
Thanks too for the Stockopedia tip (can't just find who that came from) which is where, olderandwiser, it appears the 2021 5.3% divi estimate came from! So we've got roughly divis of +13% for Centamin's 2020 year, 7.2ish for 21 and 5.3 for 22 - so bearing that theme in mind in my ever more fraught decision to purchase!
Might simply rest on the case that there's enough going for it to justify a bounce plus the possibility of an updraft of an increasing gold price in the new year.
Will see what happens tomorrow.
Hence the importance of a progress report..
The west wall is what crashed the sp.
Candid if that is how you feel the solution ,as you say ,is exit
Getting tired of hearing moaning groans, as possibly more are.
Good luck . Stay well.
Steve J. I think that's an excellent post regarding exiting Centamin and doing so around a positive RNS.
I think that the " roadmap to producing 500,000 ounces per year ", combined with yet another " year of transformation " amounts to nothing more than cheap spin. I was underwhelmed by it , I am sure many of you, if you are honest about it might have felt the same way
The Q4 update due next month will report a one off 50% increase in gold production compared to Q4 of 2020, because Q4 of last year was when production was curtailed
Any resulting uptick in SP might present a good opportunity to exit
The comms were poor.
The comms were poor.
Obviously if that were the case it should have been highlighted in the 8th? After all the west wall is an integral part of the Sukuri mine is it not?
Centamin are not flawless and for that reason I indorse Cowichan’s use of twitter to help keep Cey awake.
From Capital Ltd it is known that they’re ahead of schedule with the waste removal.
Does that mean that Centamin are ahead on the mine repair work, I don’t know.
They also didn’t mention that they have had a new crusher installed, yet here is a great report from the company that supplied it.
https://im-mining.com/2021/12/01/centamins-sukari-gold-mine-improves-efficiency-quick-flsmidth-gyratory-crusher-upgrade/
This too shall pass, I just hope we end this coming week at no less than at least the current share price.
Smart companies understand the markets, and communicate effectively. Non smart companies do the opposite and their shareholders foot the bill.
However, it’s not just the comms is also what the situation is that’s the issue
AISC :-)
No detailed progress update on the west wall at Sukuri and increased ASIC..
Quit so Razor's!
This is the same market that puts huge values some mining companies who lie about the AISC quality and the potential life span of their existing and new finds to con investors and then there are the type of companies in other sectors which have huge debts but skyrocket in values to ridiculously high values is based on nothing more than the latest in crowds social media hype and what might be delivered in the future.
Yet by comparison Centamin is a company which has no debt, quite the contrary, money in reserve and pays a divi, has huge untapped soon to be accessible and other exploitable resources and a CEO with integrity and a credible plan to deliver on and indeed exceed on on expectations!
That said I agree,why so much surprise about the rise in AISC, it was to be expected from the site clearance costs and is anyway only temporary and will be reducing through next year!
Unfortunately nowadays the market and many brokers and traders have no patience and regard 24hrs as long term
Look after the dog that's the important thing!
Centamin published a life of mine report. Plus they informed the market that production will ramp up to 500oz plus, in two years time.
The only down side to their market release was that the AISCs will rise, and the market reaction is qualifying by the rise in costs. Of course the market being a market fines the stock for the higher costs but didn’t reward for rise in production.
The current price of Centamin is unnecessarily low.
It’s unjustified.
Peel Hunt restated their buy rating on shares of Centamin (LON:CEY) in a research report sent to investors on Wednesday morning, Price Targets.com reports. Peel Hunt currently has a GBX 140 ($1.86) price objective on the mining company’s stock.
A number of other brokerages also recently issued reports on CEY. Morgan Stanley reissued an equal weight rating and set a GBX 100 ($1.33) price objective on shares of Centamin in a research report on Thursday, November 11th. Berenberg Bank cut their price objective on Centamin from GBX 137 ($1.82) to GBX 134 ($1.78) and set a buy rating for the company in a research report on Tuesday, October 19th. Peel Hunt reissued a buy rating and set a GBX 150 ($1.99) price objective on shares of Centamin in a research report on Tuesday, October 19th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 88 ($1.17) target price on shares of Centamin in a research report on Tuesday, December 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of GBX 116.40 ($1.54).
Shares of LON:CEY opened at GBX 85.74 ($1.14) on Wednesday. The business has a 50-day moving average price of GBX 95.95 and a 200 day moving average price of GBX 100.44. The company has a market capitalization of £991.54 million and a price-to-earnings ratio of 9.42. Centamin has a 12-month low of GBX 83.90 ($1.11) and a 12-month high of GBX 137.12 ($1.82).
In other Centamin news, insider Ross Jerrard bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 13th. The stock was purchased at an average price of GBX 92 ($1.22) per share, for a total transaction of £13,800 ($18,299.96). Also, insider Mark Bankes bought 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 29th. The shares were acquired at an average price of GBX 92 ($1.22) per share, with a total value of £36,800 ($48,799.89).
Hi Agricore,
Quite agree with all you say and applaud efforts to clamp down on artisanal mining!
In many respects Centamin is setting the standard that others need to follow, also unlike many miners Centamin is being truthful and honest about AISC!
Crypto is a confusing mish mash and the majority of schemes are unregulated and open to manipulation
As you say unbelievable SP and also unjustifiable considering the future potential, also we now have a very experienced well respected and competent CEO with integrity!
Environmental legislation would more likely be an opportunity for CEY. Worldwide There’s a clampdown on artisanal mining (which I think is a good thing) and new restrictions often have the perverse effect of benefitting incumbents and squeeezing out the juniors. CEY are way ahead of the curve on ESG including its solar power generation - as I can see how fuel cost is driving AISCs higher in gold mining.
Meanwhile the crypto speculators’ Ponzi scheme will come crashing down and that will be incredibly bullish for gold.
Demand is strong in Asia for jewellery.
CEYs forecast aisc is coming down and the market has ascribed zero value to its resource update. There’s a strong floor in the high 1700s - at which price gold miners are making lots of money!
I find it incredible that CEY is at this price tbh.
Hi Sid,
Also very relevant points!
Some wise advice Tornadotone, a useful lesson indeed!
if only some of us had realised that the Josef, Youssef and Pardey weren't to be trusted, but complicit in a ramping up excessive guidance by corner cutting and sharp practice we would have taken an excellent profit and gotten out at £2, but instead it suited some of us to trust that all was well and the brokers prediction of £2.90!
Now the reality is apparent under the Josef,Youssef and Pardey Sukari was being run like any other pyramid scheme and we are now paying the price.
Dec 08th was not only a confirmation of the true future potential but also the appalling mess that has been created at Sukari and although very competent no doubt Martin Horgan has a formidable task in clearing it up and turning Sukari into a fit for purpose world class mine, unfortunately it will tale some time and as we know the markets and traders want everything in 24 hrs!
Hi Razors,
Fair comments and good points,
Mining income
Gold mining company Centamin (LSE: CEY) also has exposure to climate change risks. The mining industry is notorious for having a poor environmental record.
Overcoming this record will be a significant challenge for operators during the next few years. It could lead to increased costs and additional regulations, which would almost certainly impact profit margins.
Still, I think Centamin is well prepared. The company’s balance sheet is stuffed full of cash and gold bullion, and it is planning to ramp up annual output to 500,000 oz per year over the next five years.
Profits and cash generated from this additional output should support the group’s dividend. It has an excellent track record for returning excess cash to investors.
The stock currently supports a dividend yield of 13%, although analysts believe this will drop to 8% next year. Higher capital spending requirements could impact overall cash generation, but the firm’s outlook also depends, to a certain extent, on gold prices.
https://www.fool.co.uk/2021/12/12/3-dividend-shares-yielding-10-to-buy-today/
Zacks scoring is more reactive and lags circa 7 to 10 days behind the market. It's meaningless if the SP is volatile, which is the case with CEY.
Look at the full analyses by Stockopedia. CEY is currently contrarian and needs a catalyst to push it back to its rightful place.
"the time to buy is when there's blood in the streets."
I will add some more over the next week or so
apropos1
1. Have you ever been in a bookies office to bet on horses and greyhounds or whether snow will fall on 25 December in your area. In other words are you someone who is prepared to lose money on a bet that can win or lose. If you are too nervous, than you can not afford to take the risk.
2. Do you have other assets like property that is not fully mortgaged or other funds that keep you in your life style that are well separate from the equity market as although cash loses against inflation, most of us need some to pay credit card bills and so forth and may need to fund emergency use.
3. Do you prefer a company like Hargreaves and Lansdowne that run funds on your behalf. They take a cut but their funds are either sector based, diversified or whatever. It does not stop you having some funds set aside to stock pick on a couple of companies and take a chance in a separate account but you play with small amounts.
4. Are you a trader, an investor or someone who wants to start with trading to build free carry profit that you later regard as part of your long term investment. There is a difference and you need to know what you want to be.
5. If your investment is 30% down at any point will you be sleepless at night, have anxiety or depression or are you optimistic and resilient enough in that it does not bother you. Equally if your investment is 30% up that you can resist greed by not adding what you can not afford onto a winning investment position. Handling emotions is vital.
6. You asked for education tips but the first place to start is yourself. Can you put time into doing research. Do you want to understand all about the gold commodity and what affects it as this in turn impacts gold mining companies. It takes years to make money from doing this and it only takes one very bad year to have 3 or more years to get back to where you were before. If you make 5-6% net over 10 years every year by doing everything yourself that includes a few minus years against the odd year that you got 20% or more than you may have protected yourself against inflation and then you have equalled the same performance from buying gold bars at or above 1 ounce that you bought from a National mint recovering their premium overhead and the differential between buy and sell prices.
All the best Tony