Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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This happens more often than not- but sometimes we get a little boost like the other day when we were better v peers- general markets impact too as we are a stock after all.
Day traders play the odds, but of course, not always right.
Gold is now climbing back up- but still below this time yesterday, as are the markets.
The odds now (10:49) is that PMs should increase SP- but the odds are odds and of course no guarantee.
Poly and fres both have pretty much same % of more buys to sell today and are down similar amount- as I said gold price and gold price sentiment - intra day. I always check other PMs
Vol. Sold 748,784
Vol. Bought 1,679,481
It’s intra-day movement of gold price (within U.K. stock markets time zones) and gold sentiment that makes the SP move.
Steve Jons999 Sterling terms makes it slightly different - doesn't it ? 01 March 21 Gold £1245 , cey 103P , 29/10/21 gold £1300 , CEY 95p - despite the good news.
Last Friday in October - The 4 weeks of November plus a couple for the interrupted month of December and that''s it. - The theory goes that all books will have to be square to accommodate Basel when he let's the 'New Year' in. - I'm beginning to have serious doubts as to the reality of this emerging scene. - For a start, the U.S. will still be suppressing gold-price to protect the dollar, so I can't see that changing much. - As for Basel 3, I'll be surprised if they haven't already invented a new instrument/device/derivative - whatever - that allows them to circumvent and leave everything as cosy as it previously was.
There's just too much at stake. - We'll soon know.
No- purely following gold price
Downward pressure til 1st Dec - when the final piece of the jigsaw for due diligence for any acquisition becomes available. Offer at 1.35 -50% above market price and somebody gets a bargain. ?
Yes Cherrybun, gold is finding it very hard to make it thru $1800, as sellers come out each time it gets there, having learnt from experience that it will then fall and they can buy back lower. However gold is coiling like a spring and the longer this continues, like a finger in a dyke, the more it may move when it does finally break out. It could go either way, straight to $1835 and hopefully $1900, or back down to its current range in mid 1700’s or even $1685 or further. Currently it looks marginally likelier it will rise given the economic scenario but who knows, and if I think so it will probably tumble. I quite agree with Candid that it is this gold move that will really shift Centamin, rather than the steady as we go news that will just move us slowly up, but be swamped when that finger comes out of the dyke. Imho
Apple and Amazon both miss earnings forecast falling by 5.4% and 4% respectively after results announcement. Hard hat time for the tech stocks today.
Major European stock markets were lower in premarket trade on Friday, after mixed earnings reports from Daimler and BNP Paribas and following the European Central Bank's decision to leave interest rates unchanged. German GDP, United Kingdom mortgage approvals and European Union GDP and inflation data releases are expected later in the day.
Meanwhile, the United Kingdom confirmed the removal of all countries from the red list for international travel and also summoned the French ambassador over the detainment of a British ship.
The DAX and FTSE 100 were 0.46% and 0.40% in the red respectively at 7:26 am CET.
The euro was down 0.07% against the greenback at 7:29am while the British pound was flat, changing hands for 1.16722 and 1.37942 respectively.
Breaking the News / IB
Happy Friday Y’al
And so ends October trading, whatever significance that entails only that Centamin’s true success still remains a secret. Anyway have a good one!
*updated numbers*
21 people from SRK Consulting
18 people from Centamin PLC
13 Barminco
3 Gold Pyramid Group
11 Barrick Gold Corporation
5 The Egyptian Mineral Resources Authority
3 Shalateen Mineral Resources Company
5 Vale
4 SUKARI GOLD MINES
4 Newmont Corporation
plus 17 Executive Director's of unknown origin
Note: All the views from Barminco are brand new as of today - the others have merely increased. Most corporate views are geotagged from London UK, Perth Australia (where Barminco head office is located) and Toronto Canada (where the corporate finance brokers for such a tie-up / sale of assets ) would probably be located
Notably absent is any views from B2Gold but I could only find 2 contacts from B2 management that are active on LinkedIn anyways
If you would like to discuss this on the live Telegram that's available for Shareholders just replace the underscores _ with slashes /
https:__t.me_joinchat_HPGMMyoUKE00M2Nk
We need gold above $1800 for at least a couple of weeks in order to have an impact on this share. Amazing how the US market has slammed gold down at their opening for the past few days except today !!
dj I do not think gold overpriced and as all ,aware of inflation.
To control Gold you can be sure every trick in the book will be used to enable covering of paper fraud ,that has gone unchecked,now could come some spectacular institutional failings ,so prices will be kept as low as they possibly can .
I am surprised how well Gold seems to be hanging on around $1800.
I can only put that down to a surge in Physical orders for delivery.
Along with quiet buys from Banks and institutions.
Which should increase up to New Year, along with seasonal demand.
@nofear52: "Gold is flying!!!!"
It's up 1/4 % ..........
You must be investing in some very low volatility assets if you think that's 'flying'...
Very interesting.
If it's FDIC insured I can see it gaining some clients; presumably they have a banking licence. It's basically a return to gold-backed money!
As some long term members are aware respected mining analyst Kees Dekker produced two critical reports on the way Sukari was being operated and warned of the potential consequences!
Both reports were denied by Andrew Pardety who claimed they were based on flawed information.
However subsequent events proved that the Kees Dekker reports of 2015 & 2018 were both remarkably accurate!
With these facts in mind I find Kees Dekker's opinion of this presentation very reassuring!
"In particular the better understanding of the controls of the mineralisation at Sukari bodes well for the future!"
Gold is flying!!!!
The US Kinesis VISA card features, include:
All the functionality of a US Bank account
$20,000 max limit
Global ATM withdrawals in local currency
$920 daily ATM withdrawal limit
$5,000 daily POS purchase limit
Free fiat transfer between KM platform and card.
FDIC Insured up to $250,000
Members of the US Kinesis Visa card and hybrid banking program will be charged a $1.99 monthly fee.
The integrated bank account enables Kinesis cardholders to receive their salaries directly into their Kinesis account. This feature makes it easy for users to immediately convert their income into the stable value of physical gold or silver each payday. Giving users the ability to instantly spend their precious metals for routine payments and everyday purchases. Alternatively, users can simply choose to invest a percentage of their monthly earnings in precious metals to put a little something aside for the future.
https://kinesis.money/company-news/us-kinesis-visa-card-public-launch/
Banking
Kinesis just launched a public private partnership with the government of Indonesia to provide a new payment system for their entire postal service. Of Indonesia's 275 million people, it is estimated that two thirds do not have a bank account or have very limited banking access. Now, if you have a smartphone you can use Kinesis as your banking system. Kinesis is building a gold and silver vault in Jakarta to service the country's needs. Indonesia, the worlds most populated Muslim majority country, previously banned all cryptocurrencies in 2017; fortunately, the Kinesis gold and silver system is Sharia (Islamic) law compliant because it is not based on debt and interest collection.
https://seekingalpha.com/article/4422965-kinesis-savings-payment-system-backed-by-precious-metals
Very interesting.
From what I can tell, these are digital tokens (i.e. crypto), which are backed by Gold/Silver. A bit like the USD before Nixon abolished the Gold Standard.
I think they'll find it hard to compete with PayPal, which would be a direct/bigger competitor. It's interesting though. I see they also have a 'coin' which is backed by Emeralds... Lots of companies have tried to enter that space, e.g. Binance who offered 'coins' backed by stocks at one point (before being banned). Personally, I can't see the point.
I'm surprised they can achieve such a high yield. It would be interesting to understand how they generate that yield.
I also wonder if they will have regulatory problems in the USA as it's one area of the crypto market that Gary Gensler and the SEC are craking down on (want to oulaw). They're going to start to demand that anybody paying a yield would need a full banking licence. Maybe Kinesis already have that?
Ho Ho Ho..
Kinesis announce that the annualised return figures for the historic Holder’s Yield have now been released. Based on the payout made to Kinesis holders from October 6th 2020 - 2021, the yield paid to our holders was an average of 6.99%* on KAU holdings.
Kinesis has paid the world's first non-debt-based, passive yield on physical gold and silver.
The Holder’s yield is a proven, debt-free yield that competes with and, in many cases, outperforms traditional options in the market today, such as property, bonds, bank deposits and dividend-yielding stocks.
With the payout reaching a total of 2.84 million dollars’ worth of gold and silver, the Kinesis Monetary system is strongly positioned as a leading platform for purchasing and owning precious metals, forging a path to make precious metals accessible, available and usable for everyone
.https://kinesis.money/