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I'm hoping for 118k minimum. I cannot see them getting 128k but I will take 118k at these elevated gold prices. They may surprise to the upside. They did say because of the shut down the line had a good pile up of decent high grade ore.
I'm hoping that as they mentioned about "maintaining" half way thru the quarter they must be confident that it will be there or thereabouts.
Heres hoping anyway....
Anyone still left here, like to put in your prediction.
Mine is 112 thousand troy ozs, just interested. Sorry not posted much lately ,but have been feeling ill,not over it yet but fingers crossed.
So good luck to all long termers still invested.
Morning all. I'm in at 35.9p. I think the FED at the end of the month with keep rates as they are so we'll get an uptick in gold.
Have a grand week everyone
Major European stocks traded higher in Monday's premarket session ahead of the World Economic Forum (WEF) opening. From January 15-19, world leaders will meet to discuss pressing economic and geopolitical issues.
In addition, German gross domestic product data for 2023 will be released on Monday, as well as Italian inflation data for December and the eurozone trade balance for November.
The DAX gained 0.14% at 8:02 am CET, while the CAC 40 fell 0.27%, and the FTSE 100 rose 0.20%. The pan-European Euro Stoxx 50 inched up 0.37% a minute later.
On the currency front, the euro and the British pound improved by 0.10% and 0.08% against the dollar at 8:00 am CET, selling for $1.09628 and $1.27550 simultaneously.
Baha Breaking News (BBN) / JG
Happy Monday y’al
Gold currently +.37% $2055.05
an additional or alternative investment to centamin?
re capital, the business is going well. it is much less risky than developing/producing gold from an asset in the middle of the desert!!
the relatively poor rating of the stock (ie undemanding p/e) is more of a broader small cap malaise with the market.
little volume in share trading as the majority of the register is made up of blue chip institutional investors, who are sitting there for a good yield, and an expectation of capital growth when the next big contract comes along.
“headwinds” are that the centamin/sukari mining contract finishes this year – and that has been in the market for the past 4+ years, so is expected anyway – but this is a natural conclusion, yet they are very involved in drilling (production mainly – grade control and blast hole) at sukari, and will continue to do that for years to come.
other ‘risks’ include their exposure to west africa, which seems to have coup every other month, but we all know mines are largely insulated from these events. keep an eye on their expansion outside of africa – they are already in saudi, ****stan and ever increasingly in north america. this won’t be enough as yet to de-risk african exposure, but may do in due course…we shall see, but this growth is mainly fuelled by one strategic client, which is barrick (and to a lesser degree newmont, the world’s largest gold miner – barrick is no2).
capd are hoping to have out their q4 trading at some point next week!
There seems to be no evidence as yet of a blockbuster discovery from their exploration so far, although to be fair that may still happen, but clearly hasn’t as yet!
Although as things stand It may be there is nothing more they can say at this stage beyond what they issued in this RNS.
That said and 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!
Whilst its understandable that Centamin's need to 'present' results for the EMRA then we must hope the board is still able to make decisions based on its shareholders best interests over the EMRA - although in a way the EMRA might be considered Centamin's most important shareholder!
Tibbs
Members of Facebook groups and Reddit message boards dedicated to Costco and gold post alerts when the gold bars are available. Those who miss out on the fast-moving items often grumble, while those who made purchases often report their success, sometimes including pictures and prices paid.
Costco declined to comment about its gold-bullion product. In earnings calls during 2023, finance chief Richard Galanti acknowledged the popularity of the gold bars, saying that when the retailer loads them on the site they are typically sold within a few hours. Even with a limit of two per member, Galanti said in Costco’s fiscal first-quarter earnings call Dec. 14 that the company sold over $100 million in gold during the quarter.
SOMETHING NEW, BUYING GOLD BARS WITH YOUR GROCERIES ON THE NEXT SHOPPING TRIP....
US$2500 PLUS FOR POG
the Gnome
What we should expect as 2024 trading begins - will we see a gold price over $2500 by the end of the year?
https://www.youtube.com/watch?v=mTafCMBGuKk&t=15s
The prices of precious metals continued to rise on Friday due to the uncertainty surrounding the impact of increasing inflation in the United States on the Federal Reserve's decisions regarding interest rates. As a result, higher demand for safe haven assets among investors.
At the same time, the ongoing conflict in the Middle East has further fueled the demand for precious metals as a safe haven. This comes as a US-led coalition launched multiple attacks on Houthi targets in Yemen.
Gold went up by 1.61% at 9:32 am ET to sell for $2,061.07 per ounce. At the same time, silver added 3.00% to go for $23.43 per ounce. Platinum went up by 2.09%, selling for $938.15 per ounce. A minute later, palladium rose by 1.17% to go for $986.86 per ounce.
Baha Breaking News (BBN) / RR
Gold currently +1.29% $2053.29
The prices of precious metals increased on Friday in the aftermath of the United States and the United Kingdom's joint actions against the Houthi movement in the Red Sea as investors assessed the potential consequences of that move and turned to the commodities as a safety net.
Gold went up by 1.11% at 7:16 am ET to sell for $2,050.07 per ounce. At the same time, silver gained 1.24% to go for $23.03 per ounce. Platinum advanced by 0.78% at 7:17 am ET, selling for $925.96. At that minute, palladium rose by 0.13% to go for $975.75.
Baha Breaking News (BBN) / JR
Gold currently + 1.43% $2056.74
Thank you Dasut, I hadn't realised that Tony had posted the link ,I had been trying the Centamin regulatory news, but as I explained II had the pop ups on the left side of my laptop screen and just hadn't realised that I needed to open the pop up to full screen for the links would become apparent,
I have let Centamin know about this in the webpage design, although a way to avoid such confusion is to make the links more easily visible.
Tibbs
Tibbs Tornadotony gave us the link on 9th which prompted my initial comments.
Fingers crossed.
I hope that at least have reached the lower level of guidance. If they haven't then that looks bad.
If they have at least reached it, I think with the recent higher gold price it will have helped profits a bit. I'd settle for a "Steady as she goes +"
I don't thin kHorgan is the type to shout from the rooftops and over promise --------but the last lot did that and it did not end well for a lot of investors. If Horgan keeps it steadily improving, then eventually the market will take it into consideration--------------but then again, they tend to like a bit of trouble to shift the price and takes their trading fees.
Centamin PLC Full Year Results
Hi Dasut,
I owe you an apology, you are correct the maps are there, I hadn't realised that in the regulatory new the links to the maps weren't visable unless the pop up window was opened up to full screen!
For anyone else looking for the more details and maps, open up the pop up widow and find the links here-
In regulatory news if you click on Encouraging Maiden Drill EDX results January 2024 07:00 then open up the pop up window then as you scroll down there are several links offering more information,
Nugrus 2023 - Maiden drill targets (LINK)
The maiden RC drill programme was completed in Q4 2023, having drilled 16,216 metres. Drill fences were spaced at approximately 50-150 metres and drill holes at approximately 50-100 metres along the fences depending on target size and accessibility.
The Little Sukari prospect returned the most encouraging results of the programme. Zones of consistent gold mineralisation up to 30-60 metres wide occur over a strike length of at least 250 metres and extend at least 230 metres downdip to a vertical depth of approximately 200 metres below surface. Mineralisation remains open at depth.
Little Sukari derives its name from its geological and geochemical resemblance to the Sukari deposit, with mineralisation developed in a geochemically distinct granodioritic intrusive, emplaced in a shear zone that is developed within an ophiolitic "melange" succession like the wider host sequence at Sukari. The Little Sukari prospect is situated approximately 28km west of the Sukari Gold Mine.
Image 3: Little Sukari - Plan view of 2023 drilling collars, gold mineralisation outline and cross-section locations (LINK)
Image 4: Little Sukari - Cross-section LS270 - 5990 showing drill holes and gold mineralisation (LINK)
Image 5: Little Sukari - Cross-section LS270 - 6080 showing drill holes and gold mineralisation (LINK)
Image 6: Little Sukari - Cross-section LS270 - 6140 showing drill holes and gold mineralisation (LINK)
I have downloaded the maps from one of these links , this may be the information I wanted!
Tibbs
Hi Dasut,
I referred to the Centamin website, Regulatory News and then the pressed release on “Encouraging Maiden EDX Drill Results”.
There are definitely no maps and cross sections included?
These are supposedly regional results although you state "they haven't drilled down to underground levels”, which surely indicates near mine drilling, so without maps how is it possible to know where the drilling was carried out?
Obviously we need to know if Centamin has positive or negative results, hopefully more of the former! But that said in this RNS the numbers are the numbers and on the information as it stands as yet they are not drilling anything that is worth getting exited about!
We all hope It may turn out to be better in future, but so far that remains to be seen!
Tibbs
Thanks tibbs.
This really is mortgaging the future isn't it. - Of course they already have an IMF liability to cope with. - I wonder where funds will come from when the bonds mature in x years time. - That problem is for then I suppose, the immediate problem is maintaining life & limb for now. - Suez canal and oil& gas assets dwarf Centamins role I would suggest. - It'll be interesting to learn the details. - I'll be surprised if Saudi Arabia doesn't figure prominently in the new Monopoly game and possibly even China. - IMO
Major European stock exchanges traded with gains in the premarket on Friday as economic information from the United Kingdom poured in. Today, on the agenda, are the country's gross domestic product (GDP), trade balance, and industrial production. Meanwhile, French and Spanish final inflation reports will also be released later.
The DAX rose 0.17% at 8:00 am CET. At the same time, the Euro Stoxx 50 gained 0.60%, the CAC 40 improved by 0.45%, and the FTSE 100 expanded by 0.24%.
The euro was flat against the dollar at 7:59 am CET, selling for 1.09753. Simultaneously, the pound traded 0.12% above the dollar, going for 1.27762.
Baha Breaking News (BBN) / AY
Happy Friday y’al
Enjoy your weekend.
Gold currently + .37% $2035.26
Question to Centamin Investor Relations
Re INTERVIEW- Egypt’s securitization of FX revenue: Risks and prospects
https://english.ahram.org.eg/NewsContent/3/12/515450/Business/Economy/INTERVIEW-Egypt%E2%80%99s-securitization-of-FX-revenu-Risk.aspx
Dear I.R.
I thought this article was interesting when considering that most FX revenue which comes into the Egypt government is likely from oil/gas & gold and so I wonder if this intended FX securitisation will have any effect at all on Centamin or its revenues?
I would be most grateful if you could get back to me regarding this matter.
Kind Regards
Name
UK Retail Shareholder
Thanks for the clarification Dasut.
Your comments together with those of Tibbs make interesting reading.
I agree with you about the future potential, pity the traders obly look to gold price.
But then that is what they and not investors.
Tibbs I am not saying it is commercially viable and certainly not what Horgan and his team are saying but if you are a miner you have to start somewhere and finding resources is what the job is all about, because without additional opportunities the business has limited scope.
Steve mentioned to me that Centamin's recent RNS didn't include results hence no impact on the SP.
Results as far as I am concerned are history and the strength of an investment as far as I am concerned is the future potential. I didn't initially invest in Centamin based on results because at that time there wasn't any but the then potential was considerable.
As I say credit where credit is due as it is a step in the right direction.
Thank you Dasut,
I will have another look, but after past experiences and disappointments although this looks promising they have yet to be proven as to commercial viability so we shouldn't build our hopes up too high just yet.
Tibbs
Alhamd
Thank you for the update on Sukari gold production and for letting us know that targets are being met.
"بارك الله فيك" (baarak allahu feek
Tibbs
Agreed Dun,
The present stock market system is corrupt to say the least, it's all about making money for the stock market by churning the share prices and indices up and down trading in undelivered futures contacts for paper or non existent commodities priced in reaction to manipulated data.
What's even more obscene is that the leverage (short term loans) of £ billions for CFD trading are usually interest free if within a trading period or less of fractons of a percent , tax deductible and these are subsidised by the majority of ordinary people who have to endure austerity public service cuts and resort food banks, but then the people on hard times can always try to get a short term loan at 50% interest and more because they are desperate and so might be a bad credit risk!
The whole market system is broken , unfit for the 21st century!!
Tibbs