The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Went up initially
CPI 0.9%, Exp. 0.5%
Core CPI 09%, Exp. 0.4%
CPI Y/Y 5.4%, Exp. 4.9%
Core CPI Y/Y 4.5%, Exp. 4.0%
They're still battering gold down/sideways off the back of THOSE numbers.
It's nothing but outright theft.
Since CPI Figures came out at 5.4 , above expectations
We have been fed a lot of manure in Oz( forever instant karma) (and I suspect the manure has been spread a lot further?), and its a continuing trend. Talk about all doing well (University sector [4th biggest export earner] in disarray, corruption, wokes and spokes, and Missing in action foreign students. We have ex Foregin Minister picking up a lazy $800k pa, for consulting work, whilst not an employee nor a lobbyist (whats left), but lets not ask too many quesitons, the fashion set is bootifool? We have a Nation within which the peoples of different states need a visa to vist another state, and some states have turned back residenced people returning to their homes. unless there is a death in the family?
We have talk of everyone being vaccinated, but the government makes the decisions about which vaccine, because of contracts which are paid by the tax payers, but are so sensitive they cannot be released to the tax payers. A bit like buying something which you do not have the right to know what you have paid for. And of course you have no choice?
Such a funny old world?
best
the gnome
Well done RedS, I think there are some other body parts that do get washed a lot, but I wont go there.
There does seem a shortage of grey matter on the planet right now, and I believe this is more of an issue than climate change!
Love the stuff coming out about Greensill, and why would anyone read fiction these days?
https://www.abc.net.au/news/2021-07-12/lex-greensill-capital-investigation-four-corners/100279294
What a crashing business model?
best
the gnome
I'm yet to see SP rise in line with rise in POG and other positive news. Anyone know a reason as to why? Update due next week from CEY
Yes, its a fair bet that IR people are a waste of space. A company I am involved in, signed up for a large fee, to use IR people as the CEO was locked un in a covid inspried arrangement, courtesy of Boris and his men and women. Net result nothing. Lots of well meaning words, a few foto ops, some social media presence. SP did nothing...
There is so much BS around ...
Hugely over rated.
betst
the gnome
There are three stages to a golden cross. The first stage requires that a downtrend eventually bottoms out as selling is depleted. In the second stage, the shorter moving average forms a crossover up through the larger moving average to trigger a breakout and confirmation of trend reversal. The last stage is the continuing uptrend for the follow through to higher prices. The moving averages act as support levels on pullbacks, until they crossover back down at which point a death cross may form. The death cross is the opposite of the golden cross as the shorter moving average forms a crossover down through the longer moving average.
The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts.
Now that they have been signed, can we have some details please? - Or must the prolonged torture continue like the CC and every other damned thing.
New contracts worth a few hundred million help - but I see us also rising inline with annual cyclical moves as the results for the half year are being calculated for release. I see today Fres, followed by Hoch and CEY all responding very positively soon, especially when considering what yield they will offer with share dividends due this year on the rising commodity prices.
It needs something to move this share price price now, gold on the rise would do it.
At the moment it is being held back by someone .
Today the SP should have been rising .
50 MDA . 1836.50
200 MDA 1837.30
It's on the cards, in the stars and written in the tea.
What planet has this minister been on for the past decade to have the cheek to be calling on the mining companies to speed up!, he ought to be asking his fellow ministers to be putting boot up the ar*e of the couldn’t be asked SCC who have been procrastinating on the Law 32 since 2017 providing the judiciary with an excuse to get out of making a ruling on a court case lasting nearly a decade based on admitted false accusations of a convicted felon!
CAIRO – 12 July 2021: Minister of Petroleum and Mineral Resources of Egypt, Tarek El Molla, witnessed the signing of 4 new contracts to search for gold and associated minerals and exploit them in 15 new sectors between the Egyptian General Authority for Mineral Resources and the Australian companies Centamin and Canada's B2 Gold, with investments exceeding $17 million.
“The minister praised the results achieved by the bidding so far, calling on the winning companies to speed up their activities in light of the momentum provided by the political leadership and the government to advance the mining sector”
Also the issue of the Diesel subsidy which has been in limbo it seems since 2012 involving USD 22 million of extra AISC despite which Cenamin has continued to abide by the profit share agreement!a) In January 2012 Chevron informed CEY DFO (Diesel Fuel Oil) would be supplied to the mine at Sukari at international prices instead of at local subsidised prices.
b) In November 2012, Chevron demanded repayment of fuel subsidies for DFO supplied from late 2009 through to January 2012, the claim is EGP403 million (approx US$22.9 million).
It seems Chevron were forced into a) and b) by EGPC who in turn were informed by the Department of the Council of State that companies operating in the gold mining sector in Egypt were not entitled to DFO subsidies.
c) In June 2012 CEY lodged an appeal against EGPC£s decision in the Administrative Courts.
d) As a practical measure has paid the full "international price" for fuel since January 2012 however no provision has been made by CEY in the company accounts for the USD 22 million.
CEY management believes that, notwithstanding an unfavourable State Commissioner’s report, the prospects of a court finding in its favour in relation to this matter remain very strong.
I have found investor relations at a number of companies to be an utter waste of time and money except for distributing news releases. No point in asking IR for information and best to speak to the head honcho Martin. I met him at his office in London when he was with Toro Gold (private). Hopefully there will be a comprehensive update in the very near future.
For the last 2 or 3 days there has been someone selling 100k blocks. Difference today is some one bought a 100k block within 11 seconds. The same just happened with a 90k bought within 14seconds.
Either someone wants this down or someone wants out.
For the last 2 or 3 days we have had someone selling blocks of 100k shares. Today someone bought one of 100k shares within 11 seconds. Same just happened with a block of 90k bought within 14 seconds. I think there has also been a selling algo working here for some time either someone wants this down or there is a seller.
Equities in Europe traded in the flat territory in the premarket on Tuesday amid concerns the rise in infections from the Delta variant of COVID-19 could endanger the continent's recovery from the still ongoing pandemic. French President Emmanuel Macron warned his country is facing a new crisis linked to the new strain and announced new measures to contain its spread. British Prime Minister Boris Johnson also urged caution with the public despite England's plans to reopen on July 19.
Traders will also focus on the reports on Germany's consumer prices and Britain's financial stability, which will be released later this morning.
The DAX, the FTSE 100, and the CAC 40 all stood flat at 8:00 am CET. At the same time, the euro and the pound both traded evenly against the dollar, selling for $1.18598 and $1.38862, respectively.
Breaking the News / JR
good find
Hi Lukee,
Sorry I didn't see your message on Twitter. You could be right, perhaps management is waiting for renewal of concession before answering - but I have been asking the same question for years - the previous management chose to ignore my question(s) and so far the new management too...
My latest tweet was here https://twitter.com/DonLawson_/status/1410991071996170246
I've come to believe investor relations at Centamin has no purpose or value - perhaps they are only interested in talking to institutional holders
Good to hear that news from B/F.
The new licences equally so.
And of course everyone has to understand, if it turns out another Sukari there will be no profit share , so possibly even more lucrative.
I am sure the areas the the Board have chosen will be good if not excellent, with the many years of experience of that area.
Keep well.
Cowichan, I know you question why we have no news on this, I did message you on Twitter.
Maybe no news has been released currently as we are waiting for an extension on exploitation licenses as currently only valid until November 2021.
Thanks Siko for the links confirming the breaking news from MrBond - now the work begins to find the next Sukari !
In other news - looks like our work in Burkina Faso is not over just yet - Centamin has just hired an ex Roxgold employee following the completed tie up between Roxgold and Fortuna
Mr. Yelkabo SOME
Community Relations Manager at Centamin West Africa
Burkina Faso
Previously
Coordonnateur des Relations Communautaires
Roxgold Sanu SA
Dates Employed Jun 2014 – June 2021
https://www.linkedin.com/in/yelkabo-some-21870739/
Hopefully this means we will keep some of the concessions just across the Cote D'Ivoire border
Unusual Mrtibbles I have recent experience of signing and counter signing where one solicitor obtained a signature from his client and the other solicitor obtained a signature from his client on a copy of the same contract.
Both solicitors confirmed to each other that both clients had signed a copy of the contract and then through the passage of time one main contract was signed by both clients.
Michael Horgan was on a zoom screen so although he was holding what looked like the same document as the Egyptian government officials were signing I could well see how a week or two could lapse before official confirmation is released by Centamin.
Then again they might confirm tomorrow at 7 AM
Hi Razor's,
You may well be right becuase although signed there are still some ponits to fanalise, or so I am led to believe.