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Looks like Horgan is getting his skin 'OUT' of the game. - It is not an encouraging sign. - I read somewhere where the shares might have been sold to cover tax-liabilities linked to the freebies. - Not sure. - Welcome others take here.- Especially an Accountant's take.
Cowichan, In my experience Centamin PR have regarded you as a thorn in their side for several years now because you ask far too many awkward, but in reality reasonable and quite justifiable questions.
I agree that anonymous account postings like these on social media are suspicious to say the least and these declaring 500,000 at Sukari do little to inform on the reality of the AISC or the inherent abysmal grades of the open pit!
Let's face if the two top members of the Centamin are so confident that the present share price is so undervalued and they really have confidence in their present strategy and the potential of Centamin going forward then they would demonstrate by putting a reasonable amount of skin in the game and buying more shares and not selling them that after all have been given t them on a plate for no more then doing what they are paid to do!
I was told that Sukari was chosen over other potentially higher grade reserves mainly because of its closer location to a water supply!
Martin and Ross obviously don't need to sell and if they were to buy half a million share each now past experience of companies has demonstrated that they could have likely made a good profit on a rising share price, so why didn't they buy?
Want Your CEO To Really Perform? Get Their Skin In The Game…
Highlights
‘Skin in the game’ is not just a good motivator; it is a good market signaling mechanism.
Our research shows that companies where CEOs have large stock option holdings historically outperform their index.
There has been no end to headlines focused on CEO compensation, along with the scrutiny that goes hand-in-hand with the topic. Ever-increasing executive compensation over the past four decades – aided by consultants, compensation committees, the CEOs themselves, and the backdrop of an extended bull market (1982-1999) – has meant widespread acceptance of the link between CEO pay and performance.
Still, consider this – what if there was no link between jaw-dropping CEO pay and performance? Research suggests there isn’t.
A recent report from the Quantamental Research Team at S&P Global Market Intelligence has found that executive pay itself is not a firm indicator for future stock performance, and instead, market players should look at the behavior of CEOs and activity pertaining to their stock option holdings.
‘Skin in the game’, if you will, is not just a good motivator; it is a good market signaling mechanism.
https://www.spglobal.com/marketintelligence/en/news-insights/blog/want-your-ceo-to-really-perform-get-their-skin-in-the-game-
Anonymous accounts pop up with p*rn click bait link to article - Mr Horgan is this you ?
https://twitter.com/amurzozo60449/status/1785689080140828888
https://twitter.com/LynchEwald95826/status/1785593446813585441
when the CEO can't wait for his free shares to vet to sell
when the CEO fudges numbers to make targets
when the CEO couldn't be bothered to hold a bit longer for the dividend
time for a new CEO who actually believes the shares are undervalued by the market
and has a plan to turn the perception around
or maybe CEO Horgan knows the shares are fair to overvalued considering undisclosed risk
Worth a read,as you all know about Kitco Gold latest news.
"Spot Gold prices holding below 2300$ as April ISM services sector PMI falls to 49.4 ".
Spot Gold now at 2301$ well we see what a new week brings but many have Monday break.
Looking at other articles there is a hope from September US interest rates fall,which of course means more Gold buyers.
It is what it is, a commercial / financial transaction. Horgan is showing what he thinks of Centamin's potentail.
If it was good / better than other returns he wouldn't be selling.
European stock exchanges are heading for a cautious open on Friday as the data-packed week slowly came to an end. On the data front, investors expect reports on the unemployment rate for the euro area and business activity in Britain, and will closely watch the release of nonfarm payrolls print in the United States.
Spanish fashion and fragrance company Puig Brands SA is also expected to debut on the Spanish Stock Exchange today. Societe Generale SA, Credit Agricole S.A., and Daimler Truck reported their opening quarter results for fiscal 2024.
London's FTSE 100 rose 0.15%. The CAC 40, the Euro Stoxx 50, and Frankfurt's DAX were flat.
The euro grew 0.09% against the greenback, selling at 1.07349 at 8:03 am CET. The British pound was up 0.12% compared to the dollar, trading at 1.25492.
Baha Breaking News (BBN) / AB
Happy Friday y’al
Enjoy your Mayday weekend
Gold currently $2304.33
The banking system, Central and National is at the heart of the matter for me. When they fail, as they do, LOL, we bail them out. When they succeed, we pay them bonuses. When they cheat we go tut tut ...
I often wonder whether I missed a great career opportunity to make a lot of risk free mullah ... A: Yes I did
the most protected professional group...just behind lawyers ... oh dear..
the gnome
Today gold still better than silver than copper if we look 5 days back and take out the factor that silver always moves more quickly on a reversal of direction. Gold's time is coming...
“There are tens of economic authorities in Egypt working with independent budgets which, in total, amount to the entire state budget. These economic authorities are technically guaranteed by the government and have access to state-backed loans that do not show on the budget,” explains Rashied.
“These unproductive entities receive the majority of available credit, add to the budget’s real deficit and effectively crowd out the private sector.”
https://english.ahram.org.eg/News/522892.aspx
Yep close but no cigar where golds concerned. Maybe after the next FED meeting.
It was the truth when I said it, so I am still left wondering how you got away with it, but well done
Don't be fooled by the MSM \ LLM (Lying Legacy Media) about Russia and the Wagner Group. The real enemies are the bankers.
"Russia is manipulated by the same elite financial interests that control the West"
https://expose-news.com/2024/05/02/russia-is-manipulated-by-the-same-interests/
Major European stock equities traded higher during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX gained 0.48%. The CAC 40 rose 0.42%. London's FTSE 100 jumped 0.44%. The Euro Stoxx climbed 0.29%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
*Earlier pre market comment removed and replaced.
Major European stock equities traded mostly lower during Thursday's premarket hours as investors awaited key data releases on the region's manufacturing sector, as well as data on consumer prices and retail sales in Switzerland.
ArcelorMittal and ING Groep shared their opening quarter results for 2024, with Shell lined up to report next.
Frankfurt's DAX dropped 0.43%. The CAC 40 lost 0.36%. London's FTSE 100 was up 0.19%. The Euro Stoxx fell 0.85%.
The euro was flat compared to the dollar, selling at 1.07173. The pound sterling stood 0.08% higher against the greenback, trading at 1.25370 at 7:59 am CET.
Baha Breaking News (BBN) / AB
Gold currently $2314.25
(Survived the night MrBond)
1 May 2024
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
DIRECTOR/PDMR Shareholding
Centamin announces that the 2021 share awards under the Company's shareholder approved Remuneration Policy and Performance Share Plan ("PSP") have partially (31.29%) vested.
The share awards are for ordinary shares of nil par value in the Company. As per the PSP, awards carry the right to dividend equivalents on the shares that vested.
For more details on the Company's long term incentive plans, including performance conditions of the PSP, please refer to the Remuneration Report within the 2023 Annual Report and Accounts, available on the Company's website https://www.centamin.com/annual-report-2023/.
DIRECTOR/PDMR NOTIFICATIONS
In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
All vested shares (net of tax) will be held by the Directors for a further two-year period and these shares will be retained towards the Company's in-employment and post-employment share ownership guidelines detailed in the 2023 Remuneration Report. Disposals referred to in this announcement are to cover tax liabilities on the vested share awards.
Yep Powell comes out toothless and fluffy pillows and up she goes. Stocks rose hard and fell back. Copper and silver trail gold and they've kept their gains tonight. The biggest moves often don't happen all at once - particularly when no-one expects them . I think this could be it !
Well so far ok, but morning we will see. So far its identical to the last pullback, so two more days to be certain.
🤗
Barely ahead- it has to do something, can't stay the same.
Will know more later, not many betting on a rise though, most on a cut, albeit albeit dates predicted keep getting pushed.
We'll know a bit later, but chances are will be the same comments, eg follow the data and do what's necessary (but I do recall his dovishness at the end of last year in the commentary which sent gold flying).
Of course, as normal, I'm not in when this occurs, but hopefully news will be good for holders and I can hop in again - easier to do when it's a rise :-).
We'll know shortly.
GLA!
Gold rising - Powell to speak and expectation is hawkish... but gold in the van ahead of silver and copper in that order. I don't know how a hawkish FED commentary can send gold up but the Nasdaq has been hit by AMD earnings and my feeling is this is crash time (though not for gold miners of course !).
Mr Horgan sold 95.8K from his 203k vested shares at price about 122 yestetday. Last year he did similar sale, then we all got a hard time. Cross finger, hope this time cey sp will not repeat last year's behavior
I dont bet on hiccups, it takes too much time and energy (generally losses, but I get a dopamine kick every now and again)
The paper stuff has real issues, and this is what you should focus your thoughts on. Ask yourself, how does the stuff get issued, who does this and why...at present interest rates is the debt servicable, if we have high inflaltion and disasterous productivity (not counting the clicks, likes, and favorable impressions brigade, ,or the hot air and BS of the Musk brigade) ..why does no one talk about productivity these days???
Gold is and will always be gold.
good luck to us all, we may need a lot of it ....
the gnome
Julian Assange
Well Tony, you leaving this forum didn’t last long lol- big announcement of leaving and then back again a few days later the minute gold drops a bit further lol.
Like I always said and keep doing so, trade the stock!
Most will have made a packet over this rise and the dips and rises too on the data point strategy I use.
And they will be out now awaiting to take advantage of new data.
Whereas just staying out since the start of April will have missed out on vast gains.
Happy trading and volatility your friend.
London's FTSE 100 index was flat during the premarket session on Wednesday as investors awaited fresh reports on housing prices and manufacturing sector performance scheduled for release later in the day.
The FTSE 100 traded flat at 8:00 am CET. Other European stock markets were closed due to the Labor Day holiday.
The euro lost 0.11% against the dollar at 7:58 am CET, selling for $1.06548. At the same time, the pound dropped 0.12% compared to the greenback, to go for $1.24769.
Baha Breaking News (BBN) / JJ
Gold currently $2287.63
Happy hump y’al