Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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True enough Razor - although Canada has rejected several proposed acquisitions in the mining space from Chinese 'companies' presumably for their lack of transparency and/or connections to the Party.
African countries are proving themselves much less persnickety.
Cowichan the article I posted comments China has an appetite for gold that it is unable to satisfy internally and is being forced into international mine/minors acquisitions.
The fire is beginning to warm up.
You appeared in xyz searches this week
Where your searchers work
Investment Banking Analyst 10%
Public Relations Specialist 10%
Business Analyst 10%
Corporate Finance Specialist 7%
Legal Contract Administrator 7%
Centamin, SRK, Endeavour, Barminco & these guys https://www.hatch.com/Projects top the list
PS MrBond --> Good advice re: not holding grudges against Endeavour/Sawiris. The possibility exists we may soon be partners in Burkina Faso.
As another forum member posted earlier this week:
-------------------------->>>
"His ( Naguib Sawiris) gold fund has agreed to sell its controlling stake in Golden Star Resources Ltd, one of three gold companies under its control, to China’s Chifeng Jilong Gold Mining Co Ltd. The Chinese company said on Nov. 1 it had agreed to buy Golden Star for $291 million.
“The new funds and the cash coming from the sale will be reinvested,” Sawiris told Reuters in an interview
“So the fund will also be looking at these opportunities, and we’re also continuing to do its traditional work, acquiring gold assets and building them up into much bigger companies.”
<<<---------------------------
One thing is certain - for his age Sawiris has a lot of irons in the fire - our comparatively 'young' board of directors could learn something from that old man's drive to succeed
“Like a game of musical chairs, with gold miners buying each other and the potential spate of Chinese buyers, there won’t be many chairs left for investors“
Mmmmm
Sleep easy Zzzzz
Makes an interesting summary of gold and miners.
Scroll way down until you see a gold chart.
“Breaking Out
Gold breached a long-held trendline after the CPI print.
Apparently Eldorado and Centamin remain consolidation possibilities.
https://www.gold-eagle.com/article/gold-greenback-emissions
Should read - for the first time in over a year. - Apologies if anyone became too excited. :-)
“ Gold Price this time next year will be $ 2,700 an ounce “
Just a reiteration of my post last Sunday when gold price was around $ 1,760
You heard it here first ….
Yes after last nights chips fish and mushy peas I did the same.
Please excuse my sense of humour Rebess.
It's not much to report but it is a positive. - This week, for the first time in over two years, the SP breached the 200-day moving average.
If Centamin sharehoders get something to compensate, then all the better, no use holding grudges ,though would have prefered another.
Sounds like a done deal.
Endeavour's Burkina Faso country manager Adama Soro enlists True Method Mining Recruitment (London) to find :
'French speaking HR Manager for an international mining operator in West Africa. Experience in leading Human Capital best practices, Labor Law and Industrial Relations Management in the project mining set-up are essential.'
But a new mine for Endeavour in Burkina Faso isn't in the works, or is it?
Hi Steve ...I have been away for a few days so I have only just read your reply .
Yes I understand where you are coming from with respect to cryptos and where it fits in your overall portfolio and it all makes sense
Like many other people I am ruing the opportunity I missed, by not getting into cryptos when my son did , but that was the past and so be it .
From where we are now I won't be entering the crypto market ; for me the excessive rewards are in the past.
I think the risk of investing in them now are greater than the possible reward , but I may change my mind if there is a subsequent crash..or major pull back ..never say never
My equity part of my overall investment strategy is to select a very small number ( 3 - 5 ) conviction holdings of shares that I strongly believe are significantly undervalued. Centamin is one of the three I hold at the moment . The bonus with Centamin is that it offers a dividend while I wait for the re-rating to take place.. . Centamin is now beginning to bare fruit and is also gaining momentum which looks promising .
Long may both of our respective investment strategies be a success . Mine have been so far , but that doesn't mean to say there weren't any failures along the way.
Regards
Many thanks Tibbs
Nope, will not be a Lehman Brothers moment- completely different world economy and set of circumstances now.
mrtibbles, you sound like a bitter remainer and Labour member who failed to listen to the electorate over the past 4 elections and still hasn't come to terms with why you keep losing.
Lastly b4 I catch my flight.
https://news.bitcoin.com/chinas-real-estate-giant-evergrande-narrowly-dodges-default-for-third-time-in-30-days/
Rumble in various media that Evergrand is not making all its interest payments and that bankruptcy is indeed imminent. If so expect this to be a Lehman Brothers moment. Below is taken from a recent newspaper article.
Although some reports claimed Evergrande had managed to avoid defaulting on bond payments on November 10, experts have insisted the company is set for bankruptcy. Such is the large debt facing the real estate giant, Evergrande is predicted to go bankrupt "in days". Dr Marco Metzler, senior analyst for Deutsche Marktscreening Agentur (DMSA) claimed Evergrande had in fact defaulted on the $148.2million (£110million) payment on Wednesday.
Glad you informed me.
And there I thought a Narciccist was someone who loved and lived for Narciccisi.
;-) .
Either way not worth the time of day.
Have a good weekend Mr Tibbles and all LTH.
Hi Mr Bond,
The person is question is some sort of Troll that most probably is insecure in many ways and is suffering from Narcissistic Personality Disorder (NPD) —
People with NPD expect to get special treatment.
They exaggerate their own smarts, success, power, and looks.
The lack of empathy leads them to take advantage of people, with no regrets.
Narcissists may be extremely jealous and ultra-sensitive.
Because they tend to be very thin-skinned, they may angrily lash out at any criticism or push-back.
Narcissists also may lash out when they feel like they’re not getting special treatment.
Underneath all of these traits is a deep sense of insecurity.
And — no big surprise, when you consider all these traits — narcissists may find it super-difficult to have healthy relationships, and have loads of trouble at work or school!
Boris Johnson, Trump, Farage and some other senior Tory politicians all demonstrate similar traits.
i still have contact with those in the Greater London Authority who were left with the aftermath of Boris's term of office as mayor to cope with.
As Mayor Boris could never be bothered with the detail of anything he was involved with ,he just wanted the kudos of each project before moving on and when things went wrong he always blamed others.
Boris is behaving exactly the same now, he lied he lied about Brexit and Tory policy during the election campaign and he has lied about just about everything else ever since..
Boris doesn't care, he just wants to be king and fornicate as much as possible before he moves onto something else!
I agree that some that the rude remarks made by certain Labour party MP's were inappropriate and unfortunate, but possibly down in some part to pent up frustration, although unfortunately that type of behaviour is counter productive in many ways..
Its very difficult to be a strong opposition with such a small majority and this is a direct result of the present present first past the post electoral system, rather than the fairer method of proportional representation.
Also the mainstream media is only really interested in concentrating on controversial subjects or individuals ,which evil clown Boris is well aware of when he plays the bumbling fool!
Whatever ones party the present UK electoral system is certainly not democratic in its present form
https://www.electoral-reform.org.uk/
https://www.makevotesmatter.org.uk/
Hi Jarvaman,
Because Centamin is dual listed no stamp duty is payable so you don't need to worry.
Nice bonus in some ways, although at times it can be a double edged sword because it can encourage those traders who want to make few pence per share over short term which depending on volume can lead to volatility.
i.e. Some share transactions are exempt from stamp duty. These include: shares in a company that is not incorporated in the UK and doesn't maintain a UK based share register. ... shares traded on the London Stock Exchange's AIM market or on Exchange Traded Funds (ETFs)
You have bought in at a really good price and at a time when great change is taking place at Sukari to lower AISC which should increase profits and free cash flow on a more sustainable way for the future.
Good luck with your holding and welcome to the forum.
Tibbs
Hi - hope someone can help me. I’ve been invested in Centamin for a yr or so but recently topped up. I noticed my contract note from Interactive Investor had the “Type of Trade market” shown as Venue ID XLON and yet I had been charged no stamp duty on my investment.
I rang Interactive Investor to check and was told that Centamin are AIM-listed which is why no stamp duty was payable.
I have just looked on the Stock Exchange website and Centamin is shown as “main market” with a market identifier code of XLON and not AIMX. Should my transaction not have been subject to Stamp Duty???
This isn’t the only purchase this has happened with (the latest being Petrofac) and I would like to know my ground before speaking with them again.
Other Companies I have invested in which are definitely AIM are correctly shown as AIMX on the Interactive Investor contract note with no stamp duty payable and still others also correctly documented as XLON such as BT.A and stamp duty charged accordingly - can’t work this out??
Can anyone tell me why I wouldn’t or shouldn’t be charged stamp duty for buying Centamin shares?
Thanks in advance for any helpful comment. . . . .