George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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(Alliance News) - Chancellor Jeremy Hunt will tell political and business leaders at the World Economic Forum that the UK is "on the up and open for business the chancellor will use his visit to champion the UK's ambition to be a science and technology superpower and pitch that the country is ripe for investment from the international business community.
https://www.lse.co.uk/news/uk-is-on-the-up-and-open-for-business-hunt-to-tell-davos-summit-o7ri548fi8d2xot.html
The green trade row dividing the Davos elite
16 January 2023
https://www.bbc.co.uk/news/business-64296229
10 things you didn't know about Davos World Economic Forum (WEF)
https://www.bbc.co.uk/news/business-46895332
40% of Physical gold at Comex goes on its departure travel to Hong Kong.
And of course their Election sherard.
Well Razors Edge ,for the US market to put importance on Christmas December sales figures is nothing more than a smoke screen.
The busiesies month of the year for even poorer homes ,trying to celebrate the season witn presents and food.
Januaries figures will show a huge drop in retailing. The US and the Fed doing what they think is correct,to maintain confidence in their precious dollar,and of course maintain the confidence in the worlds trading currency. The truth is they are Bankrupt. Buying Gold as paper promises , maybe because they remember the 1930s confiscations.
Hi Henderson,
No doubt that's why Pardey and the rest of the previous Centamin management got in such a mess !
But have things really changed or are still being fed the same old baloney with a slicker presentation?
Lets see what happens tomorrow!
hi tony,
how ridiculous is this, the pundits predicted and taking in to account this is the christmas period a rise in retail sales of wait for it a whole 0.4%, but what happens retail sales up a blistering 0.6%!
what a load of horse ****!
but never mind desperate times demand desperate measures and its a greta excuse to dish out a severe spanking for the gold price!
of course the pog will recover over the next few days !
Precious metals traded with losses on Wednesday, with gold dipping to its lowest point since mid-December 2023, as investors fretted over the future steps of the Federal Reserve.
With hotter-than-anticipated retail sales data in the United States and the most recent remarks from Fed Governor Christopher Waller, hopes that the central bank could start cutting interest rates as early as March seemingly diminished, raising further concerns about the Fed's monetary policy path. This apparently sent US Treasury yields up and gold in the opposite direction.
Gold tumbled 1% to go for $2,008 per ounce at 10:55 am ET. Silver slid 1.34%, selling at $22.61 per ounce a minute later. Platinum plummeted 2% to $882.79 per ounce at 10:56 am ET. Palladium plunged 2.91% to $898 per ounce at the same time.
Baha Breaking News (BBN) / AY
Should say January month in previous.
The worse month for gold I have seen in the last 15 years. The excuse today was December sales in what is a Christmas month.
Tibbs the maiden drill results are very good given it is what it says the maiden drill, to be honest I was very surprised how good the results were.
Blockbusters are few and far between like winning the lottery.
The Egyptian stakeholders I am sure would be impressed that Centamin have something positive so quickly to be honest as I say I was amazed to see anything as good this early in proceedings.
Don't get me wrong it isn't going to be anytime soon that they are extracting gold from these areas but small steps in the right direction.
Tornadotony
If you tell the truth, you don't have to remember anything.
As I see it:
Last financial year 440,974 - AISC 1,399 - Av Gold Price 1,794
Q4 last financial year was 109,564
This Year so far:
Q1+Q2+Q3 = 321,921, therefore 128,079 needed to meet the minimum for the year:
Q1 AISC was 1,348
Q2 AISC was 1,228
Q3 AISC was 1,226
If the min annual guidance gets hit- the Q3 to Q4 increase will be very large and also Q4 last year to this year; the annual amount mined will be an increase also although slight.
If the AISC is similar to the first 3 quarters this year it will be in target and a fair slug lower on Year On Year, and within target.
Therefore, if the OZ target is met I would have thought the market would react accordingly, especially considering the annual gold price will higher.
It's, as always, how you feel if you trade:
1) are you happier to miss out on a possible jump and try to get in on a rise, but remove the risk of a drop if results are poor?
2) are you OK with a possible loss but don't want to miss out on possible jump?
On the 19th Oct (OK so only about 3 weeks into Q4, Horgan stated in the RNS that the annual guidance will be met despite the bumper Q4 needed, albeit lower end, and the AISC will be in the lower end).
Only you can make this choice...
GLA.
With the solid gold price in the forth quarter there could be some surplus cash leading to a one-off dividend or talk of dividend reinstatement.
🤗
Cmon Tibbs the maiden drill results are excellent - little sukari and umm majal both look as if they could be commercially viable and EDX has only been going a year or so?
Thank you Henderson!
HI Dasut,
i have a nagging suspicion that we are still living in false hope of anything above mediocre and yet more promises of some time in the future the good times are coming , they may be for these on the top table who likely will get more free shares for basically not doing anything really apart from spinning us along with the same old rhetoric, just like our government really!
I asked an insider why the lack of any real news from Centmin and about the less than inspiring Encouraging Maiden Drill EDX results January 2024, see their answer below
I think the lack of response re Centamin is to do with the lack of a blockbuster discovery from their exploration so far. That may still happen, but clearly hasn’t as yet!
I would have thought there is nothing more they can say at this stage beyond what they issued.
Reading between the lines, they also had to come out with something positive to make sure their Egyptian stakeholder (ie the government) is aware that they are doing what they said they would be doing.
Henderson may well be better informed then we are all aware as yet!
Jeremy Hunt increased the duty on tobacco and alcohol so of course they have gone up in price, supermarkets profit margin per litre on unleaded in 2019 was 3.5p in 2024 profit margin is 10p.
Inflation falling later in the year my a(rse!
Mhenderson
I hope it was not a big lie.
Tony
I am not sure guessing tomorrow's numbers does us any good. As Steve says results are all that counts and tomorrow we will find out whether Centamin can meet the low end targets which I feel will be a disappointing year. To achieve the low end numbers they will need a close to record performance. Is this achievable yes it is as they have the equipment to move the tonnage, a number of benches to work from and they had some ounces sitting on the ROM after shortfall 3rd Qtr but it will depend on ore grades.
Gomez9
No one can disclose his sources .
For the lie I will keep it for awhile now, will be posted soon.
again don't worry they got 450k this is the truth now.
Hi Tony,
Being an election year its all about political rhetoric to justify a system that is broken, the FED is short on truth and the market doesn't care about truth as long as theirs an excuse to churn the shares!
M Henderson
This is not a dig, as you were correct last time- would be good if you clarify what you said before please:
You also said “ and for the answer for your question ..there is another Lie by the end of year to trying to achieve the year target numbers.”
Was it from your same source that now invalidates this by making 450k?
Thank you 3bear , mrtibbles for your words.
I am a very reserved person , I only speak when I am 100% confident in what I say.
Stocks came in wobbly this morning, as the bipolar market stance towards Fed rate cuts went bearish again.
This despite the shockingly bad Empire State Manufacturing Index.
And so the Dollar rallied quite handily.
Gold and silver fell.
VIX rose, but fell back in the afternoon as stocks managed to pare most of their losses.
The geopolitical situation is getting increasingly ugly.
Mispriced risks abounding.
It is difficult to take most of the short term moves in the markets too seriously.
Kind of like the results of the lightly participated Iowa caucus which garners attention only because of its early scheduling.
New Hampshire will be significantly more interesting as always.
There will be the monthly stock option expiration on Friday.
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Empire State manufacturing Index was -48%. In the background jobs data was pointing out a loss of 100,000 jobs in warehousing. Short term moves just following FED utterances until more bad data arrives. Sanders claiming Biden making USA look like Germany post world war 1 is also quite something. Yet USD goes higher.
The number two gold miner announced its preliminary full year and fourth quarter 2023 production results yesterday.
Copper dipped, too, 420 million pounds in 2023 compared to 440 million pounds in 2022. Barrick noted that both copper and gold production was within its guidance. Gold production was also up for Q4 compared to Q3.
In Q4 the average market price for gold was up, $1,971 per ounce compared to $1,726 per ounce a year ago.
Barrick Gold dropped 5% to $22.44 a share. It was a down day for the gold miners with the GDX off 3.94%.
http://tinyurl.com/2p9rp74x