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Sorry , I posted the previous message on the wrong thread .
Regarding the broker ratings ..just ignore them .
Liberum have them as a sell with a target price of 82p whereas Berenberg have them as a buy at £1.38 ..
Berenberg then changed it to £1.37 !!
FFS...I can't believe how anyone pays any attention to them . The price forecasts were calculated by ex public school boys with posh voices who are well overpaid and probably spend their excess earnings visiting Madame Whiplash to have their bottoms spanked !
So Jeremy resigned from Centamin on nearly the same day Mr Horgan arrived. Why? Maybe something to do with his Endeavour work history (and the failed takeover by Endeavour)
And now he works in Canada as COO of Artemis Gold
Artemis Gold Inc. (TSX-V: ARTG) is pleased to announce the appointment of Jeremy Langford as Chief Operating Officer of the Company effective January 06, 2021.
About Jeremy Langford
Mr. Langford has large multi mine gold producer company experience and an extensive proven on-the-ground track record internationally in managing operations and the development of scale greenfield assets, continually delivering operational success over the past 15 years.
Notably, Mr. Langford served most recently in the role of COO of Centamin Plc and prior to that COO & EVP Construction and Technical Services with Endeavour Mining Corporation, at which time he had the responsibility of advancing Endeavour’s development assets. During his time with Endeavour, he led the successful development and ramp-up of the Agbaou, Hounde, ITY and the Nzema gold projects in West Africa, along with the implementation and integration of owner mining activities across various operations.
--------------------------------------->>>
My Thoughts:
Artemis Gold Inc is at least as far away from production as Centamin's Doropo project and yet it already has a market cap of $ 827 million! (it was valued at around $100 million a year and a half ago prior to announcing its development plans)
The company's forthcoming processing plant & related infrastructure is estimated to cost $ 650 million so they will have arrange for considerable financing or a new share issuance too.
Given that information, how much do we think the market is valuing Centamin's West Africa resources? Zero!
I hope Centamin will seriously consider the benefits of spinning out its West Africa projects into a new entity so current shareholders can see some meaningful value creation in the short & long term while preserving the piggy bank to explore and develop Egypt.
Well I know what support and resistance is and what it means but I share your scepticism about it .
What I do pay attention to though is direction of travel of the share price over a 6 month time frame .
If you Google Cey share price and click on the chart and then on the 6 month time frame you can see a downward momentum from £1.215 in May. Since then the pattern has consistently headed downwards , like a downward moving escalator , and it still doesn't seem to have broken away from it ...until there is a clear break in the pattern , then it could continue on its cycle downward , past the previous low of 89.9 pence
I don't think it will though ..but I don't know if that is more wishful thinking than anything else
What do others think
Lets be honest the country with the largest standing army, most nuclear warheads (etc, etc) hasn't won a war since 1945. But keeps doing the same old thing...seems a strange thing to do, some would say stupid.
best
the gnome
I think we coud get another surprise on the Nfp,not so bad as last month but not peras as good as expected
The pattern is the pattern until it changes, then it’s the new pattern … never really on a pattern, always keep an eye on key data points … NFP tomorrow at 13:30 is one
MORGAN STANLEY RAISES CENTRICA TO 'OVERWEIGHT' (EQUAL WEIGHT) - TARGET 75 (58) PENCE
Broker ratings give no timeline.
From what I have observed over the years is many are simply pedicting with no reasons.
At this moment in time ,"The new World" , it is almost impossible to predict what news comes tomorrow let alone in future.
As has been said throw the rule book out, the irrational market moves control the market prices .
The market is only interested in self preservation, fundamentals of companies no longer of major importance nor are chart which give only history in normal times, if indeed those times were normal, ;-).
If the need is to cover potential losses on Casino plays they will liquidate everything to cover themselves.
To much credit in the market causes panic moves .
IMO.
Share price always seems to be higher in the morning and then as soon as data is released in the Usa at 1.30 our time the price of gold and the share price falls again
Perhaps we may see a bit more interest in Gold from China now there holiday week has ended
Unfortunately the UK government believed the lies told by their very special allies and got caught up two conflicts that were unnecessary wasting millions olives and billions of pounds//dollars !
America created the mess in Afghanistan and Trump compounded it because the idiot didn't have a properly planned exit strategy
America didn't win the war it started and it certainly didn't win the peace!!
Now, two decades later, the U.S. war in Afghanistan is coming to a close. And the Taliban, once threatened so bluntly by Washington with total annihilation, have never been stronger.
Taliban forces have taken control of an estimated 188 of Afghanistan’s 407 districts. They are close to seizing dozens of others. Some Afghan government forces have fled the country to escape Taliban advances, seeking refuge in neighboring Tajikistan and Uzbekistan. And amid the retreat, the militant group is seizing containers full of weapons and military hardware left behind by Afghan forces, in scenes some experts compare to Iraqi forces’ retreat from the Islamic State in 2014 that precipitated the rise of the Islamic State caliphate.
Same mess up in Iraq
Colin Powell has called his 2003 speech to the United Nations, laying out the Bush administration’s rationale for war in Iraq, a “blot” on his record. The speech set out to detail Iraq’s weapons program, but as the intelligence would later confirm, that program was nonexistent.
https://www.pbs.org/wgbh/frontline/article/colin-powell-u-n-speech-was-a-great-intelligence-failure/
Yep agree Razor- if we can meet expectation or exceed extra confidence will boost the SP, especially with the recent presentation
Letter: Afghanistan was Bush administration’s fault
By Brett Delana
Updated: September 2, 2021 Published: September 2, 2021
The situation in Afghanistan was caused by the U.S. when President George W. Bush decided to go to war in Afghanistan and the Congress authorized the use of military force. The vice president was Dick Cheney. The president’s Secretary of Defense was Donald Rumsfeld. Both were recommended by the president’s father. The Secretary of State was Colin Powell, a seasoned veteran of foreign affairs. One of the three advisors asked, “What is our exit strategy?” He was ignored, and once again America went to war for the wrong reason (remember Vietnam?). This was George W. Bush’s war. This was the Republican Party’s war. If you are upset about the outcome, do not blame Colin Powell. Blame George W. Bush and the Republican Party. And then ask yourself, “What can I learn from what I have watched happen?” We should have learned from Vietnam. I lost friends in that useless war. No one runs the world. No one should try to run the world. All that have tried have failed. And we failed again!
— Brett Delana
Support and resistance can be a bit futile, I prefer buy and sell zones. 85p to 90p buy, topped up around then. 109p to 113p resistance from the downtrend which has been in affect since it fell off a cliff last year. We've also had a 100% retracement of the prior uptrend move which started in March last year so a bottom may have formed. Time will tell of course. Just my opinion, probably wrong, usually am.
Figures include WASTE and ORE
2014 40 Mt
2015 58 Mt
2016 61 Mt
2017 70.8 Mt
2018 77.8 Mt
2019 74 Mt
2020 79.6 Mt
2021 H1 47Mt ( extrapolate to 94Mt+ for full year )
note: some years the totals were taken from graphs (for speed) - so not exactly precise
The latest:
"48Mt total material moved for H1. A total 2Mt was contributed by Capital"
"The waste stripping programme is key to improving medium to long term operating flexibility in the open pit. A record total of 41Mt of waste material was moved in the open pit, 7Mt more than scheduled. This is testament to the owner-operator team at Sukari delivering improved operating efficiencies including better fleet utilisation, better blasting and fragmentation, and further supported by the quick mobilisation and ramp up from Capital"
So I suppose that would mean 7Mt of the 48Mt [ 48 - 41 ] was ore of grades above .2 g/t
Bottom Line:
Management really is getting far more tonnage hauled than in the past. Thus my recollection that Centamin had its own spare haul capacity was true up until recently - no doubt a result of having Captain Horgan at the helm.
I’d be in agreement with you Steve.
I also believe that a bottom to the current trading range has been formed.
All we need to maintain it is for the pog to remain steady until the 19th and for more positive points than negative to be made when the Q3 figures are released.
Surly that’s not too much of an ask, fingers crossed.
I don’t believe in support or resistance - always seems pointless to me
95p support level ? Is it not resistance level instead .?
The support level is around 90p
Still can't seem to hold that 95p support - as can kick on from there. Let's see
lol there is millions of illegal aliens come into usa this year already......i saw 4200 lined up in just 1 bit at the border at 1 part of a day......none are jabbed or threatened with it and some have diseases......plus all the afghans (some of which KNOWN violent criminals) flown in
americans have to pay for all these folk
Good to see on broker ratings.
US Jobless claims caused the drop in gold. NFP tomorrow at same time- expect movement then too.
BERENBERG CUTS CENTAMIN PRICE TARGET TO 137 (138) PENCE - 'BUY'
JEFFERIES CUTS CENTAMIN PRICE TARGET TO 170 (175) PENCE - 'BUY'
The rise today is the markets in general + gold.
Inflation is still the driver for me it should be at least. With macro news pointing to higher inflation, I'm surprised at the low PoG. Today's rise has more to do with broker upgrades
See many Western investors and fund managers coming in for euro stocks and particularly precious metal stocks such as this if the future of the Dollar at this level is raising eye brows.
What a great currency play if you were a USA investor coming in here to Centamin on the Footse.