The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Hi Done,
I agree entirely with your thought's on a job for life, but that requires commitment and trust on both sides and few employers are willing or able to offer a guarantee of job security, which has benefits for both employer and employee.
Th NHS might be considered, possibly the police service are two of the few reaming employers that is able to offer any long term job guarantee, but even then the terms and conditions of your employment contract are likely to change whether you like it or not.
We can thank Thatcherism and her decimation of he unions and to some extent the privatization of most of the public sector and utilities sector.
Tormadotony,
For some reason my last post uploaded before I had checked it for typo's,so apologies for that.
You mentioned an approaching hospital stay, so I do hope that everything goes well for you.
Tibbs
Point taken Goldgnome. Giving all you got for a fixed period of time then moving out to give the next man or woman a shot does have its merit. I wonder if that same rationale works for all industries or careers though. My brother is a postie (is that what there called in Oz?) and it probably wouldn't do well to walk after 3 to 5. Neither the nurses and pharmacists or doctors building relationships and specialties. Gosh, all my favorite teachers are (were) still at their posts well after I graduated and I certainly appreciated their dedication to an institution. Call me old fashioned but I still think there is merit in long-term commitment to a single employer - especially when you are successful in your role.
I could see it being logical if this employee was finished with Cote D'Ivoire but that is not the case. He's now going to use his extensive knowledge of the country, his connections and on-the-ground know how for a rival company (which gives Andrew Pardey and tangaresources.com.au
great excitement!)
Centamin has many more concessions in Cote D'Ivoire waiting to be drilled out besides those already with a resource (I counted nine under Centamin and a couple under Ampella - see screen shots here - areas with red outlines -->> https://twitter.com/DonLawson_/status/1405189535131074564
I would like to know if we have a better in-country replacement? And if so where is Centamin's hoopla welcoming him or her into the fold?
A company is only as good as its people and if you have some valuable talent those individuals need to be nurtured, challenged and yes even lauded or you won't keep them around.
thank tony.
Seems Cey is making a comeback
Astro,
The Chinese decided to hammer the other commodities except gold, when they said they were curbing future contract buying as the prices were to high (Bloomberg this morning) and hence Poly and Fres that sell a fair amount of non-gold mining product got more of a spanking. Tony
Tornadotony,
Thank you for the reply, there wouldn't have been an election in 2019 were it not for Joe Swinson who had her bum in the party leaders seat she pursued the misguided notion of becoming P.M. somewhat unlikely though without proportional representation only the two main parties stand a chance of a majority to form a government.
Having said that the choice was somewhat limited in fit for purpose candidates accross all parties , although party leaders change, unfortunately what we ended up with as a government was'nt at wise choice to say the least.
I quite appreciate your point concerning differing opinions on share performance, however often less experienced traders or investors don't have your experience and may well regard a brief statement of "The chart not looking good "as confirmation of impending meltdown.
It is understandable that newer entrants to the markets may get the impression that the charts are reliable indicators, BUT in reality they are only records of what happened at a given time under certain circumstances in the past, as we know we can all be experts in hindsight, although predicting the future is quite different, especially with the present contradictions and lack of credibility in so many governments policies and statement's the world over.
If charts were such a reliable means of predicting the markets then surely it would be a simple case of buying the appropriate software, familiarising one's self with it's use and then get down to trading making handsome profits, buying and selling at just the rights times until the desired fortune is amassed and then sail off into the sunset to a sunny retirement, but how many chartists achieve that, very few!
Possibly chart's are more of an aid to those that manipulate the markets than many realise , the dance masters (MM) are aware that many traders and investors will be following the same secquebs of movements in and out of the last waltz up and down the indices so the markets makers know just where to put in all the trips to knock the particapant sout of step and falyt on their face!
Why Cent doing so well another miner SP Fres and poly are in red? plus gold price has drop today?
Mrtibbles
I take great pleasure in knowing that I did not vote for the current idiots in power. Sadly the choice available back in 2019 was rather poor. I also was not amongst those in need of healthcare in 2016 and actively using the NHS to go out and vote for Brexit that has resulted in a massive shortage of NHS and nursing home staff. Sadly stupid people do harm to themselves and everyone else around them. Intelligent people help others where it has benefit to themselves as well and they are neither helpless or acting as bandits in what they do.
It looks as if CEY has held 110p today. June has only 10 trading days left and a bottom goes in at some point. I should also comment whatever gets written on here on share performance is only opinion and everybody should do their own research. It does help sharing opinions if the aim is trying to be intelligent.
All the best (I am in an NHS hospital on Friday but hope to be in action again by Monday) Tony
hello Siko
any update with reference new licence agreement in Egypt? please email me gjparackal@hotmail.com
many thanks
George
Torandotony,
Yesterday you stated "Chart is not looking good for Centamin at this time." strange statement for an "optimist" and likely to cause unnecessary panic amongst some newer investors. possibly causing then to make hasty sell decisions.
Yet instead you could have calmed concerns and offered newer investors some reassurance by posting what you already know from your past experience and you posted this morning,
"Centamin and gold are doing what they have done quite frequently in the month of June. In fact if we put in a low this month the probability from fundamentals and charts is for a mid-summer rally"
The present government policy on Covid is shambolic to say the least and cannot be relied upon !
It's all very well being optimistic but there is also a strong need to face the true facts which are that the NHS is no longer providing the service it should and Covid is being used as an excuse for failed government policies.
Any essential business or public service should have spaer capacity and contingency plans to deal with the unexpected (Pandemics), accepted there may be some initial interruption in the provision of routine surgical procedure's and treatments, but 18 m0nths is unacceptable !
Its somewhat difficult to see how anyone who is now going to be waiting four years rather than two for surgery can be optimistic!
Agreed RedSparrow!
The world needs more people like Cowichan and Mr Gnome, unfortunately people of their caliber with honest values, integrity,understanding, compassion, technical and professional experience, even plain common sense rarely stand for parliment any more, and even if they did their inability or refusal to lie, deceive and thoroughly gorge themselves to bursting point from the over flowing trough of political privilege and plenty whilst the people and our world are treated with contempt and disregarded would prevent their chances of ever rising up the greasy political career pole!
Our present government of odious lying, greedy, deceitful parasitical and thoughtfully obnoxious and inept politicians are a testament to that!
There are good decent unselfish people the world over that achieve many marvelous things despite of, not because of the majority of those that are in charge!
Is this the floor ????? Surely if inflation rises, then gold rises , I hope that if gold rises, then Centamin also rises. But I could be wrong !
Morning.
UK #inflation rises to 2.1% in May, first above 2% reading since July 2019.
Core #inflation hits 2%, 0.5% higher than expected.
Quadruple that for the real-world reality of course.
Equities in Europe traded higher in the premarket on Wednesday after the European Union and United States President Joe Biden agreed on how to enhance cooperation between Brussels and Washington. Meanwhile, the United Kingdom is about to release its latest reports on consumer and producer prices.
The DAX rose by 0.06% at 8:01 am CET. At the same time, the FTSE 100 advanced by 0.11%, and the CAC 40 went up by 0.16%.
The euro stood flat against the dollar at 8:01 am CET, selling for $1.21276. The pound sterling grew by 0.08% against the greenback at 8:03 am CET, changing hands for $1.40950.
Breaking the News / JR
Happy hump y’al
Thank you for all the comments and likes yesterday.
The tone of commentary by the professional investment community about the Fed Policies is starting to get deafening. No doubt even the Fed will hear and change...not sure when. But the policies are clearly not sustainable, and the ethics of kicking the can (soon to be a barrel!!) down the road is questionable at best.
“You’ve got the “You’ve got the craziest mix of fiscal and monetary policy since the Federal Reserve Board was created,” he said.
If, at its meeting this week, the Federal Reserve says the US economy is on the right path, “then I would go all-in on the inflation trade, buy commodities, crypto and gold,” Mr Tudor Jones said. “If they course-correct, you will get a taper tantrum and a sell-off in fixed income and a correction in stocks.”
“We’re still acting like we’re in a black hole. In fact, the economy has accelerated,” Mr Druckenmiller
https://en.wikipedia.org/wiki/Stanley_Druckenmiller
If the central banks treat these numbers with nonchalance, then I think it’s just a green light to bet heavily on every inflation trade.
— Paul Tudor Jones
The warnings from the hedge fund world are echoed by some prominent economists. Larry Summers, the former US Treasury secretary under president Bill Clinton, last month accused central bankers of “dangerous complacency” in the fight against inflation.
all grist to the mill
best
the gnome
Thanks Cowachin
My personal take is that as an Exploration Manager, or in any position for that matter, 3-5 years is the length of residency. Give it your best in that time, and then hand the baton to the next person. So I see change as being very heathy. Its a pity CEY did not change a few of its Directors more regularly in the past, and of course now.
Lovely to see the Doropo Deposit rated at 5.4 M Ozs. A quick fact check suggests 3.5 M Ozs MandI Jorc, so perhaps Pardey is up to his old tricks. Steven Michael another NED on the company worth a fact check (highly recomend people do this!!) has some interesting history with Arrow Minerals (look via LinkedIN profile and follw the connects). Historically with a reputation more as a life style choice than an aggressive exploration focussed company. Of interest was the eye watering $Salary plus perks he used to pull as the MD of the company = $460kpa, and thats for an accountant running a Junior Exploration company which went nowhere year after year? Page 20 link below ...
https://arrowminerals.com.au/wp-content/uploads/2020/08/AMD-Annual-Report-2018.pdf
It amazing how quickly one can do some background checks these days...and its well worth doing them to have a look at some of the "key players"
No more fact checks for me on this company, I am out of the door...and down the road...good luck to the bled talent!
best
the gnome
Comes to mind
Anyone here thinks that today’s RNS might ring a bell with a buy out...we all seem to concentrate on the SP fall which we know is temporary...
This talented fella now works for Andrew Pardey. Yes, THAT Andrew Pardey...
23 March 2021 ASX Announcement
Tanga’s Chairman, Andrew Pardey, commented:
“We are delighted with the appointment of Pierrick, whom I have personally worked with for many years. Pierrick has been an incredibly successful explorer in Côte d’Ivoire and is highly familiar with the country, its people and most importantly, the geology. I am looking forward to working with Pierrick again and to getting under way in what will be a busy field season in Côte d’Ivoire for Tanga.”
Pierrick Couderc - Exploration Manager
Over 20 years experience in a range of commodities and geological settings.
Most recently, Côte d’Ivoire Exploration Manager for Centamin Plc.,
responsible for leading the team who discovered the 5.4Moz Doropo Project
and the 2.2Moz ABC Project.
https://www.tangaresources.com.au/
Mr Couderc's LinkedIn profile
https://www.linkedin.com/in/pierrickcouderc/
Exploration Manager Cote d'Ivoire
Company Name: Centamin PLC
Dates Employed: Aug 2014 – Jan 2021
Employment Duration: 6 yrs 6 mos
Location: West Africa
----------------------------------------------->>
My Thoughts: Label me the perpetual bearer of bad tidings but isn't it incumbent on Centamin's management to issue market updates when key employees leave ?
Mr tibbles and other readers,
Centamin and gold are doing what they have done quite frequently in the month of June. In fact if we put in a low this month the probability from fundamentals and charts is for a mid-summer rally. So any chart perspective on the down turn is all within 4 weeks or so and makes no difference to LTH plays.
As for the delay on opening up it may deliver the following; a lower sterling rate which helps lift CEY, greater immunity apparently in the population for the winter so a third vaccine jab might not be needed, acceleration of Covid-19 therapies entering the market from October that work against all Covid-19 variants and keep people out of hospital. There is a lot to be hopeful for in the coming months. In the meantime some of us who sold stock at 119-122p will be buying Centamin in the coming weeks and are part of the comeback story when Centamin moves back up again. Finally optimists have a much higher life expectancy than pessimists. So I for one look at the positives and hope for a healthy innings.
Did you get a good price for your dividend reinvestment? The Divi hit my ii account today but I've recently stopped getting their automatic reinvestment as it always seemed the share price was on the high side. The volume was just below average today so I wonder if the price will fall further in the next few days once all the divi's have been reinvested? I will probably buy some more next week if the price weakens a bit more.
A very special message to Boris https://www.youtube.com/watch?v=-Ro4DrewXHE
The French have the right attitude towards politicians, although I wouldn't guillotine them, just pack them up oven ready fashion and export them off to Australia or Norway by the cheapest method, give them the choice though!
Hi RedSparrow,
However long your posts and on whatever subject they are always of interest and long may that continue,
Forget this market madness , what will be will be, enjoy the sunshine and the bird song, at least they are free from lock down, for now!