George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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https://www.youtube.com/watch?v=c13O6Amn1lQ
Interesting thoughts and observations
best
the gnome
Dream on, for many reasons.
On the up and if it break that key level next week above 1800/50 we could see $3000 in 12 months. Covid will push this higher quite quickly. All we need is a takeover and leadership giving reassurance to potential buyer
Assuming a 22 month delay between $m2 and inflation. Then the USA inflation rate should rocket in February 2022. This assumes that the velocity returns to historically normal vale. Rather than it's current extreme low value. Today's Moneyweek quotes someone saying it is difficult to be bullish about precious metals on one page and then on another emphasis the need to hold gold as part of a portfolio!. Personally I do not think it is, however, there are times when a gold miner is an excellent investment. This week I have done well with KMR (an ilmenite miner). Last weeks Money-week quoted someone being very bullish about gold. Apparently a week is a long time in magazine editing!. I recommend to everyone Russel Napier's views on gold and inflation. I am not completely convinced but I do think everyone who holds any gold mining stock will be every interested!. It has been a roller-coaster week with an excellent ending for me!. I am staying with CEY.
Thanks Mr Tibbles, Andrew on top form.
The only way to stop the bandits is educating the masses.
There could be another dumping or two before the end of the month, IMO
GOOD WEEKEND ALL LTH s.
Prices of precious metals increased on Friday, with gold gaining over 1%, and silver jumping more than 2% as the investors' interest in the so-called safe-haven assets was reheated amid worries over the spread of the COVID-19 Delta variant.
While United States' top epidemiologist Dr. Anthony Fauci asserted that a booster shot of a coronavirus vaccine will be a necessity for almost everybody around the globe, German Health Minister Jens Spahn reportedly fears that the virus containment measures need to remain in place until the spring of 2022.
Gold climbed 1.68% to $1,773.14 at 10:17 am ET, while silver jumped 2.62% to $23.79 at the same time. Platinum increased by 0.72% to $1,030.32 an ounce a minute later, while palladium concurrently moved up by 1.34% to $2,662.80.
Breaking the News / BU
Great to hear your opinion Marmot!
Andrew Maguire exposes the insider manipulation behind Monday’s counter intuitive gold and silver crash, which saw the gold price driven $90 lower.
The precious metals expert explores the connection between Basel III and the orchestrated price move, and declares the stage now set for gold and silver to rally.
00:00 Start
01:00 Monday’s orchestrated gold and silver smash explained
10:09 Gold and silver set up for rally
12:23 Basel III connected to gold and silver smash
15:28 Short medium and long term outlook for gold and silver
25.50 Basel IV - 2023 - What can we expect?
https://www.youtube.com/watch?v=aTczMyGSS5c
Agree with your Centamin viewpoint. This sunday is the 50th (Golden) Anniversary of President Richard Nixon's "temporary" closure of the gold window. Holding physical gold and silver and historically undervalued gold miners today allows us to be our own central bank for the inevitable great debt reset to come. The IMF is calling for a new Bretton Woods agreement. The drum beats are getting louder by the week...
The US petro dollar is dying as a control mechanism and buyer of US debt. The scorn from OPEC in response to Biden's demand for increased production this week confirms this. China and increasingly India are the primary commodity buyers and their toleration of Western banker rentier practices to control markets and prices via paper markets is now being increasingly challenged.
Note how it has only taken 4 days for the paper gold price to recover from the -$100 paper gold price slam down on Globex on Sunday night 8/8. The cartel banks need sellers so that they can buy back their $30bn+ paper gold short book. But at $1670-1700 they were met with a cohort of bargain hunting buyers. The banks will have to start buying their paper shorts back they haven't got another 6 months to engineer another waterfall smash. As of 1/1/22 Basel 3 will be in force.
A reckoning is coming and hiding out in cheap hard asset gold miners is as good a place as any while they are still on sale.
Kees agrees with you Mr Gnome!
I agree with the sentiments of “Gnome”. some investors have made an excellent return on GT Gold five-folding their money within 6 months!
However it was wise to sell out when diamond drilling of the Saddle South area showed the gold to be present in narrow, inconsistent deposits.
Also when Cu-Au porphyry was discovered at Saddle North it was too low grade and too deep.
I never understood Newmont paying so much for it?
They must either be tremendously bullish about copper, or take a very long view?
Thank you Mr Zambianminer, your comments and contributions are always welcome and appreciated.
I do like a blue Friday for Gold.
$1,771
Well said mrtibbles.
Yes Market "It has become a trading share" it is obvious by some of their posts and lack of knowledge.
But we have to put up with them, these BB s are specifically designed for day traders ,for more commissions.
In reallity, gamblers not investors.
Shorting should be banned, it certainly undermines investment, but then the market loves volatility because it creates lots of panic trading and lots of commissions , most brokers aren't interested clients long term wealth creation , only haw may time they can take trading commissions from their clients!
It's not allowed to borrow someones car/house sell it and then buy it back to return to the original owner, yet this practice is allowed by the banks who don't even charge interest on the loans/leverage for the first 24hr period, neither is any stamp duty payable!
Sorry,
I should have added I don't think the market is not that smart
Have a great weekend all, masks on, and go for it like there is no tomorrow!!!
best
the gnome
Hi Market,
Fantastic to hear from you , it would be hard for anyone to disagree with your statement, especially considering your previous professional market experience and indeed your time in Centamin!
Far too much self serving family interests,nepotism and over promotion of unsuitable and inadequately qualified supposed professionals with too much glossing over the true facts, this with general lack of integrity to share holders on the part of some has resulted in Centamin scraping it's ar(se along the bottom of the bargain bucket instead of achieving its full potential and being up with the stars!
A farcical court case based on politically driven admitted lies and innuendo by a now exiled felon against Centamins partner EMRA stuck in limbo for a decade by a "Mad Hatters" legal system has provided an excuse to cast doubt over the validity the Sukari concession agreement resulting in a 20% reduction on the Centamins share price (market cap), then there is an outstanding $20 million or so fuel duty subsidy owed to Centamin as part of the original agreement which the government would need to pay back in agreed instalments, possibly via some reduced profit share, assuming some agreement is ever reached that is!
But at least with Martin Horgan as CEO sit seems many of the cans that have been kicked down the dusty road for so long are being picked up and dealt with at last and there is the professional ability and intention to deliver on the promises made so long ago to the so very patient shareholders!
Keep well Market!
WorldQuant will close/ reduce in my opinion, from watching how they operate on other stocks they do seem to short based on momentum, quantitative strategies they are not conviction shorters. Talking of conviction shorters I read recently Muddy Waters fund ($250m AUM ) has only made an 11% return since 2015 so looks like they are struggling to average 2% per year.
Cowichan
Yes, the Newmont takeover of GT Gold is a corker (for GT shareholders). Nearly as good as the Newmont $2.3 billion takeover of Fronteer Gold, which was a disaster, and in their own backyard!
https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/newmont-to-acquire-fronteer-gold-in-23-billion-deal/article564805/
Lets look at the GT Gold assets ... (read grade, read tonnage)
Indicated Resource of 298 Mt grading 0.28% copper, 0.36 g/t gold and 0.8 g/t silver for a total of 1.81 Blb of copper, 3.47 Moz of gold and 7.58 Moz of silver
Inferred Resource of 543 Mt grading 0.25% copper, 0.31 g/t gold and 0.7 g/t silver for a total of 2.98 Blb of copper, 5.46 Moz of gold and 11.64 Moz of silver
Because a company is big and has lots of cash to splash, does not mean they are smart.
BHP, Rio, Freeport....etc
CEY in great position. I am enjoying accumulating
good luck to us all
the gnome
Gold price going up
https://goldprice.org/goldprice.org
Equities in Europe traded higher in the premarket on Friday in anticipation of the European Union's latest report on the trade balance.
Meanwhile, Chief Medical Advisor to the United States President Dr. Anthony Fauci stated Johnson and Johnson's (J&J) vaccine against COVID-19 is effective against the Delta variant of the virus. Later, Moderna Inc. said its jab provides protection against the disease for at least six months.
The DAX went up by 0.06% at 7:28 am CET. At the same time, the FTSE 100 rose by 0.17%. The CAC 40 stood flat.
The euro grew by 0.06% against the dollar at 7:29 am CET to sell for $1.17379. A minute later, the pound sterling stood flat against the greenback to go for $1.38107.
Breaking the News / JR
Happy Friday y’al
I have been on this board for a good ten years plus , now redundant under the care of nurse ratchet. Centamin badly run and mislead by a member of the board for many years, great potential without doubt. But the smart investors play the stock , this great company has become a trading share relying on dividend payments to keep the average shareholder happy, the push to move from a one trick pony is essential and i truly believed in 2010 this was going to happen, but it has been a long wait. Love centamin and i cant help believing the loyalty of this board will be well rewarded. Market signing of x
Why would cey want to merge at a low SP unless there is a brown envelope to key people.
New CEO and a high profile chair, so probably on the road to future success given some time.
That's not to say merger or take over for the future but I hope it would be multiples of this and I prefer dividends for the next 20 years.. Anyway, sooner they they sort out pardeys mess the better and some good new s on the licences.
Hopefully EMRA are a defense also for t/o
Top up at 0.97
You are spot on.
Short termers do not bother posting.
You are just annoying and not much.
I have been sitting on the sidelines for W hole watching this share. Crikey how much lower can it go. Two positives for us. Retail investors and private equity firms are looking for underpriced shares, this is one massive one. Larger companies are looking for acquisitions, nobody would approve a takeover at £1.20-30. The board bought in much higher than that so would have to be £1.60-£2.50 which makes this a very exciting prospect. Investors on here, try to ignore the doom mongers, I’m absolutely sick of them. They’re on every board and simply gambling d heads. Good luck to all. Give it til September. Dividend will attract many. Rapidly rising covid numbers will push up price of gold. I work in hospitals across the uk so know where numbers are heading