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What moves markets ? = fundementals eventually
What moves share prices in the short term = Greed and skulduggery
The pullback to 108 has been completed and the S.P. is now at a critical point.We don't really want to go below 108 again,that would be very disappointing,and very bearish.So we need to see some headway from here.
Some,(or most ) things in life are puzzling,the S.P. of this company for example.Plenty of people on here pointing out all things bullish.But is there something else going on ?.Something more Dark and disturbing ?.
Put it this way,if everything was as simple as just reading the fundamentals and analysing them,everybody would be rich.
There is something else going on,that moves a share price.Is it that difficult to be a successful investor ?.
Or is it that those who know what moves markets simply don't tell ?.
I hope that Liberum are now shown up for being "Shysters!"
We asked top hedge funders: Does Showtime’s drama ‘Billions’ reflect financial reality?
Published: June 12, 2018 at 11:48 p.m. ET
https://www.marketwatch.com/story/we-asked-anthony-scaramucci-and-other-financiers-how-realistic-is-showtimes-hedge-fund-drama-billions-2018-03-21
I do hope that some of Liberum's clients shorted the shares based on their price target . Looks as if we might break above £1.20 very soon plus dividend being paid on 15th June.
Playing
Sorry bud, what have I missed? Axe Capital?
DaggerMal
What just happened at the end?
Watching at the moment. For Axe capital read Liberum. Shocking behaviour.
Ah thanks Cowichan- I thought I heard this on a web call, but I may of got confused with West Africa update which we have now had
They have made no such promise - that I know about. Could take all year or it might never happen. That is the reality of dealing with Egypt.
Do I expect they will come to an agreement eventually? Yes. Just not holding my breath or expecting a quick tradable event.
Thanks Cowichan- was I correct in my thinking that we are due the new license news before end of Q2?
- Working on expats recruitments and contracts follow-up.
considering Centamin doesn't propose to have many non-Egyptians as employees maybe something 'developmental' is happening — or not!
https://wuzzuf.net/jobs/p/unmlHQif4zxQ-HR-Supervisor-Sukari-Gold-Mines-Red-Sea-Egypt?l=cpp&t=cpj&a=Sukari%20Gold%20Mines&o=1
June 2, 2021
Mr. Patrick Downey, President & CEO stated, “We are extremely excited to be the first mine in Burkina Faso to use a LNG and solar hybrid power supply. Besides being an excellent cost-effective choice for Bomboré, we also see this new power solution as being a very positive step for the Burkina Faso mining and electricity generating sectors. LNG power systems, coupled with solar, will enable energy intensive industries such as mining to reduce fuel consumption, decrease energy costs, and significantly cut greenhouse gas emissions. We are very pleased to partner with Genser, an internationally recognized power provider, in this landmark arrangement. We would also like to thank the Government of Burkina Faso and the Minister of Mines and Energy for their guidance and assistance in this process.
This LOM fixed cost agreement for clean energy from Genser provides power cost certainty over LOM oxide production at Bomboré and provides an excellent platform for project expansion and growth.”
The Honourable Dr. Bachir Ismael Ouedraogo, The Minister of Mines and Energy for Burkina Faso stated, “Having the first LNG plant at a mining operation is a great step forward for the industry and we congratulate Orezone in this regard. As a government, we continue to support clean energy alternatives that provides a platform for sustainable growth and benefits our communities.”
https://www.globenewswire.com/news-release/2021/06/02/2240307/0/en/Orezone-Enters-Into-Life-of-Mine-LNG-and-Solar-Power-Contract-for-Bombor
Upon my return from a nice Bank Holiday break in London, I'm pleased to see Centamin hasn't got anywhere near the 82p target price that some analysts were predicting (I can't even remember who they were, now). Never trust anyone who has never got his/her hands dirty just about sums it up, I think.
It won't be long before the dividend hits my account and my next 'worry' will be when to buy. People are still expecting a correction in the gold price, but the price action on my Newgold and Yamana Gold shares is not saying that will happen just yet! Perhaps some large price spikes up will tell the tale.
I don't know what further social restrictions are due to be lifted in the UK on the 21st June, but shopping in London was a very quiet experience. People didn't seem to be spending very much in the shops (there weren't many people in the shops). The V&A museum was closed, which I thought was odd for a Bank Holiday. I did my very best to keep Foyles, Waterstones, Hatchards, M&S and John Lewis in business; the man in Foyles said he hoped to see me again - I did buy nine books in there! On my return journey home, I had the whole train carriage to myself for most of the way. I can't remember a time in my life when that has ever happened, even late at night on the south coast line returning home from work. What effect is this going to have on people? On the gold price?
We live in very strange times indeed.
PD James, awaits.
You'd think the Egyptian authorities would like to have some good news to report on or before this mining event --->>
Welcome to Egypt International Mining Show EIMS 2021 – Virtual Connect. The Egypt International Mining Show scheduled for 14th | 15th July 2021 (Virtual Connect), will bring together global Mining Companies, Investors, Solution Providers and Governments to explore new mining opportunities in the market, introduce their brands, make new connections and create long-term strategic partnerships.
EIMS-2021 will offer key insights into the market, in-depth analysis of resources & opportunities, overview of the mineral commodities available, permits & bids, their geological background, reserves and production.
https://egypt-mining.com/index.html
<<-----
But who really knows!
Yes Mr Tibbles lovely and warm, with much less virus , the islands almost about to relax all restrict ions , and local vino of excellent quality, but not that cheap.
You pay for quality, not the same as the mass produced ,chemically enhanced export pee.
And Don I do have different hours here, one hour advanced than UK, and 7 hours in advance of Canada and the gud ole US of A.
Lots of info here the last Budget Crypto, Covid Insurance myths, and the extra cost's to consider if buying from Europe
https://www.which.co.uk/money/podcast?utm_medium=Email&utm_source=ExactTarget&utm_campaign=4072820-M_MW_EM_010621%20NEW
Probably nice and warm in Spain Don, so Mr Bond might be enjoying the sea view and some fine local wine that wont be taxed to buggery as in the UK!
Good Morning Tonsril,
At least if you are aiming your vitriol at me then others are fortunate to escape it.
Unfortunately though although some individuals take responsibility for their actions because they are in their own best interests without any consideration for how they will affect others or our planet, deselected Trump for example.
Glad you got the drift of my meaning it is all about our leaders setting by example and considering the wider impact of their decisions on our planet and all of its inhabitants.
Perhaps you would like to contribute something to the debate that others may find of interest or possibly you may have some news on Centamin?
Good to hear from you and looking forward to your next post.
Keep well Tonsril, not too much ketchup on the chips, or salt on your cornflakes or pancakes!
Tibbs
Am I correct that we will be getting the new license news by the end of June?
Equities in Europe traded higher in the premarket on Wednesday as traders remain focused on several data releases that are to see the light during the day. Germany will reveal its latest results in retail sales, the United Kingdom in mortgage approvals, and the European Union in producer prices.
Earlier, the bloc's institutions reached an agreement on the method of tax reporting for the multinational companies that operate within the union's borders.
The DAX traded 0.08% higher at 8:00 am CET. At the same time, the FTSE 100 rose by 0.07%. The CAC 40 went up by 0.10%. Both the euro and the pound sterling stood flat against the dollar, selling for $1.22153 and $1.41524, respectively, at 7:59 am CET.
Breaking the News / JR
Happy hump y’al
Do you ever do anything but whine? Ever heard of the concept of taking responsibility for your own actions? Please save us from your unfounded sanctimonious preachings :)
Thank you Don!
Great news indeed , common sense, decency and longer term thinking , all too often those in power choose to forget that they are also responsible for even those are unable to vote or simply because they have have no human voice have all the more right to be shown consideration and respect, even in preference of yet more wealth for the few and the convenience of the inconsiderate and ignorant.
MrBond46,
What are you doing still awake ;-)
Questor: either the gold price or this miner’s share price is wrong: we say back the miner
Questor share tip: Centamin has been a serial disappointment but even its curtailed targets for this year imply a yield of almost 6pc
By
Russ Mould
1 June 2021 • 5:00am
Gold is hovering around the $1,900 an ounce mark, which means the precious metal’s price has risen by 55pc over the past five years and trades at barely 7pc below last autumn’s record high. By contrast, shares in Centamin, the gold miner, are no higher than they were in June 2016 and stand at barely half the peak reached last year.
It is therefore tempting to argue that either the gold price or the share price is “wrong” – and given the current macroeconomic backdrop this column’s inclination is to believe that the share price is too low rather than the gold price too high, even allowing for Centamin’s history of operational disappointment.
America’s Federal Reserve, the Bank of Japan, the European Central Bank and the Bank of England are showing little or no inclination to tighten monetary policy. This is despite the fact that near-zero interest rates and quantitative easing were described as emergency policies when they were introduced in the West in 2008-09 and despite signs that inflation is gathering – last month’s 4.2pc year-on-year rise in the US consumer price index was the fastest rate of advance in more than a decade.
The central banks’ view is that this surge will be temporary because it is partly the result of pent-up demand and supply-chain dislocations as lockdowns ease and partly due to the low base for comparison offered by the economic downturn of 2020.
That view may be right. But commodity prices are rising, factory gate prices are on the up and consumer price indices are surging. If wages start to rise sharply we could indeed be in a situation in which inflation is truly making its return after lying dormant for the thick end of 40 years.
Real assets – commodities and property – or paper claims on real assets via shares in miners, for example, provided portfolio protection in the 1970s as the cost of living galloped higher, so those investors who do fear the return of inflation could be forgiven for researching gold miners such as Centamin once more. That said, those who see inflation as a transitory phenomenon will be unmoved.
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This column has yet to strike it rich with Centamin: the shares are showing no gain since our initial analysis more than two years ago as the firm has disappointed on production volumes and costs more than once. A development plan announced last week for its assets in Burkina Faso and Côte d’Ivoire also went down like a lead balloon with analysts.
Yet the company should be primed to capitalise if gold prices do shoot higher, especially as a first-quarter update in
EU.