George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Spot on as usual Sotolo.
Shares on the major European stock market indices traded in the green in the premarket on Wednesday, as the investors awaited the purchasing managers' index (PMI) figures for Germany, the United Kingdom, and the euro area. Eurozone's retail sales, another weather vane of the economic recovery, are scheduled to go out after the open.
The DAX rose 0.22% at 7:50 am CET, while the CAC 40 gained 0.23% at the same time. In London, the FTSE 100 moved up by 0.24%.
The euro and the pound strengthened 0.07% compared to the dollar at 7:51 am CET, selling for 1.18726 and 1.39263, respectively.
Breaking the News / BU
Happy hump y’al
Rebess ,twice Sawaris has tried to get a foothold in Egyptian Banking or his family, and failed.
EMRA are watching carefully, he has got in, now quietly,through the back door, with a very knowledgeable Campbell but gov will watch carefully .
Conclusion . Sawaris is not a favourite in Egypt ,it's possible he has political ambitions which could prove disastrous. For him or the country.
IMHO. ;-)
Hi Cowichan
What a wriggling can of worms, or should I say snakes, we have going on in this Egyptian crime-thriller. - The dots join-up everywhere. - And, in my opinion, still ongoing, and that includes Centamin. - Horgan could well prove to be the 'Messiah' that many are claiming, for all our sake's, I hope so. For now, it's impossible to say one way or the other. However, for me, until he's proved it, he remains a part of the intrigue, the sub-plot, that is currently in play.
Question for $CEY - why hasn't management disclosed a maiden resource for all the drilling outside of Batie West - namely Napelepera & Wadaradoo deposits in #Burkina?
Is the plan to divest below it's real value to @EndeavourMining ?
https://twitter.com/DonLawson_/status/1422610105007329282
------------------------------------>>>
Join us on Thursday (5 Aug) @ 09.30 BST (UK) for our H1 webcast presentation, when our CEO #MartinHorgan and CFO #RossJerrard will discuss our results.
Webcast: https://loom.ly/jD3FS3w
Dial-in:
UK (and other locations): +44 203 936 2999
Participation code: 835947
#CEY $CEY
https://twitter.com/CentaminPlc/status/1422497635785527296
“We are delighted to welcome Mark to the Altus team, reflecting our commitment to establish a significant gold exploration and development business in Egypt. Mark is based in Cairo and has unparalleled expertise, spanning three decades of operating in the natural resource sector in Egypt. He is the retired former President & CEO of Aton Resources and has previously been a consultant to Pharaoh Gold Mines, a subsidiary of Centamin.
https://www.miningreview.com/gold/altus-strategies-appoints-new-chairman-and-director-for-akh-gold/
---------------------------->>>
My Thoughts: If you can't beat em, join em...
Looks like iis buying back in too
Late reported 500K O trade, certainly averaged, surely must partially be the cause of today's rise into 5th August.
They are all arms swining at Diggers...
"Miners of metals linked to the decarbonisation trend are being “priced like internet companies” and the rally may be too good to be true, according to one of Australia’s top gold bosses.
Investors have rediscovered their love for commodities like lithium, rare earths, cobalt, nickel, copper and graphite over the past nine months as a global economic recovery combines with a slew of enhanced emissions reductions pledges by major economies like the United States, Japan, Korea and China."
p/e ratios above 20 are not sustainable in the mining business ... get in, get out ...quick
Analyses
http://www.pilbaraminerals.com.au/site/PDF/c4349e0f-d3f6-4e27-a967-7b41f7be8f49/DiggersampDealersConference2021Presentation
Mkt Cap A$5.7b
p/e ratio ... now. 5 years time?
Your thoughts?
best
the gnome
Equities in Europe traded in the mixed-to-lower territory in the premarket on Tuesday as several major firms revealed their earnings in the second quarter of the year. Standard Chartered PLC observed an annual drop of 20% in its profit. Bayerische Motoren Werke (BMW) AG warned of "a number of prevailing risks" that will result in the company having a "more volatile" third trimester.
Traders will also keep an eye on Stellantis NV and BP PLC's second-quarter earnings reports, as well as on the latest update on producer prices in the Eurozone.
The DAX and the CAC 40 stood flat at 8:00 am CET. At the same time, the FTSE 100 lost 0.12%.
The euro stood flat against the dollar at 7:57 am CET, selling for $1.18730. The pound sterling rose by 0.06% against the greenback a minute later, going for $1.38912.
Breaking the News / JR
And nothing wrong with a 6% dividend yield at 9c and can only get better if a special dividend is paid in the next 6 months. No doubt the interim results will give us some guidance about where we are headed up to 31 December. Bring it on !
Before setting any horizons possibly better to hy not wait until after
NOTICE OF INTERIM RESULTS
Centamin will announce its interim financial results for the six months ending 30 June 2021 this Thursday, 5 August 2021.
WEBCAST PRESENTATION AND CONFERENCE CALL
The Company will host a webcast presentation and conference call to discuss the results at 09.30 BST on Thursday, 5 August 2021. A replay will be made available on the Company's website.
Webcast link: https://www.investis-live.com/centamin/60ded8e70ed69a0a00290d6e/nvms
Conference call dial-in telephone numbers:
United Kingdom +44 (0) 203 936 2999
United States +1 646 664 1960
South Africa +27 (0) 87 550 8441
All other locations +44 (0) 203 936 2999
Participation access code: 835947
FOR MORE INFORMATION
The word around Kalgoorlie watering holes ...
best
the gnome
The good Professor (KEY NOTE SPEAKER) has predicted a gold price of ....
Professor Goldin ( former vice-president of the World Bank) , warned Australia that its sabre-rattling was a mistake and would continue to escalate tensions between Beijing and Canberra., delivering the keynote address at the Diggers & Dealers mining conference in Kalgoorlie, said he was bullish about the gold price given the pandemic, the threat of a new Cold War and as central banks continued to print money as part of stimulus packages.
“My own view is it stay around $US2000 an ounce,” he said. “I do think gold will hold its own.”
Perth Mint recorded demand from customers looking to store wealth in 2020-21 with gold, silver and platinum worth close to $6 billion now stored in its vaults...
and on goes the show.
the gnome
$105m is 9cents, unless gold and hence profits suddenly soar.
The company has stated that the dividend for 2021 will be 9c equivalent to $105m so lower your horizons
Sorry but Fridays close was 107.05.
The dividend is 15c which is 11p. The share price is £1.06 so the dividend yield is more than 6.5%
10.2% more like.
Vettel disqualified from Hungarian GP , promoting Hamilton to second.
Reason for the disqualification was that Vettel had less than the required amount of fuel remaining in this car after the race.
More championship points for Lewis.
Major European stock markets registered gains ahead of the session on Monday in expectations of the release of July data reports on manufacturing. Germany, the United Kingdom and the European Union will release manufacturing PMI reports shortly after the opening bell.
The DAX and the FTSE 100 rose 0.55% at 7:38 am CET. The CAC 40 gained 0.58%.
Both the euro and the pound stood flat against the dollar selling at 1.18717 and 1.39064, respectively.
Breaking the News / ND
Well we are nearly all locked up, locked out, or about to be at thought of a cough. The larikin charactor of Australia has left the isle, all in a few years. Our magnificent political leaders have again deferred to the ultra-cautious health advice, based on epidemiological modelling, which none of them understand, and the modellers themselves do not have enough robust inputs to get any meaningful result out, but on we go, we know not where?
But wait, there is an ever green bud appearing, and is the DIGGERS AND DEALERS Coneference (Swim through?) in Kalgoorlie. The guest speaker is Professor Goldin (Oxford), In 2014 Professor Goldin famously predicted that a pandemic would be the most likely cause of the next financial crisis...a sobering topic, but I doubt it will curtail alcohol consumption
For those wishing to attend, virtually
https://www.diggersndealers.com.au/
What is consumed apart from an astounding lot of nonsense and hype ...?
700 kilograms of beef
300 kilograms of lamb
8,000 bread rolls
400 loaves of bread
50,000 pastries
20,000 cold ****tail finger foods
4 tonnes of fruit and vegetables
John Langford, the organiser of the 2017 conference, said the three-day event was "bigger and better" than ever.
He said the event, which ships food and 1,560 bottles of wine almost 600 kilometres inland from Perth, was a logistical challenge.
Transport:
2 refrigerated semitrailers
2 equipment semitrailers
A 100-seater jet
A 50-seater bus and a 25-seater bus
I expect the skimpies will all be wearing masks, and the MandA teams will be in full swing
Good luck to us all
the Gnome (attending virtually)
Hi Cowichan - Indeed far too big a question for any of us to answer.
The boasts of heraldry
The pomp of power
For all that beauty and all that wealth er gave
Await alike the inevitable hour
The paths of glory lead but to the grave.
Hi Rebess,
Waxing philosophical on a Sunday are we?
Your question is far too big for any of us to answer, I think. Perhaps a poem on the subject of life being unfair, the things that are more important than money, etc....
I'll leave it to Tennyson & Keats to answer!
The reason they prefer to cull Badgers is their urine and the droppings spread TB to cattle, and at £2000 per cow and the herd culled ,plus loss of milk for months = no income.
Hay and silage are ok hay being dried in strong UV light and silage ,the fermentation process kills all.
My position is a reflection..
I have a decent portion on the cards but I fear the gaping door will have closed somewhat by the time I’m in receipt.
Oh well, such is life.
I like cows and cheese