Petro Matad CEO Mike Buck confirmed that he believes the Exploitation Licence for Block XX in Eastern Mongolia is likely to be awarded in Q2. Watch the full video here.
You are no doubt correct re Indian Production and that they will prioritise their own population but Astra Zeneca have stated that the first vaccine doses in the UK will be produced in Europe , not because we have manufacturing difficultey in the UK but to avoid wasting the contractual obligation by the Europeans to supply initial demand. The UK is already manufacturing the Astra Zeneca vaccine and has capacity to supply 80 million doses to the UK population in short order. Whether Logistics and health care professionals are capable of keeping up with supply is more of concern I think.
Nice to smell the burning leveraged shorts of the scalpers of CEY this morning as we burst through their stops.
IN HOUSE 80 million
True India has its own manufacturing capability and no doubt their production will remaim in India for use.
However the following may help to alleviate concerns which your post raised that we rely on Indian Production.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email firstname.lastname@example.org to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
AstraZeneca said it was using a continental facility initially because it had booked capacity there “which we wanted to use rather than waste”, not because of problems at the British sites.
The company and the vaccines task force said they expected UK-made supplies to start flowing smoothly early in the new year. Mr McCubbin said at least 80m of the 100m doses of the Oxford-AstraZeneca ordered by the UK government would be made in Britain.
Happy New Year to you and yours.
The only true measure of Brexit will be the comparison between British GDP and that of the Euro zone in the coming few years. Only then will we be able to judge whether the decision was the right one. The greatest sadness to me was Merkel not being more acqiescent to Cameron whilst rowing her around the boating lake in his shirt sleeves. Future history will tell.
Thanks for the Christmas felicitations and much appreciated. I very seldom agree with what you say but on this occasion must agree your sentiments. We lost over 1 million young British lives in defending Europe in 2 World Wars and I pray that
now being divorced from Europe that when Putin holds Europe to Ransom over gas and oil supplies into Germany and beyond on this occasion we step aside from his eventual acquisition of the Ukraine as its unlikely that the Americans will support NATO in its defence on the basis that a) The American public are tired of seeing young bodies bought back in body bags fighting many thousands of miles from home and b) Their economy will not support the cost of another foreign war and its effect on the American market. Europe will have to capitulate until Putin's avowed aim to bring back into the Russian fold all those in the previous USSR is achieved.
These events will over the next few years escalate gold and of course CEY into the stratosphere.
Keep well and safe. I for one have no problems with you expounding your views here as in many ways they reinforce my own views perhaps to the contrary.
There is much correct in what you say. However being in oppostion is a far cry from making the decisions in power.
I made my points badly for which I apologise but I think Paul Emberry makes fair comment in his book recently out
Despised: Why the Modern Left Loathes the Working Class
As no doubt you will be aware iPaul Embery, is National Organiser for Trade Unions Against the EU calls on the TUC to listen to its grassroots
One thing which I am secure n is that the Fed and other world Banks regards Cyber currency as a bigger threat to their o/all domination of the currency markets than gold, in which lets face it they already have a controlling interest , I include both Moscow, Beijing , the City New York and Tokyo in this estimation. Cyber currency cannot be controlled as it has no central
identity. It may be the unifying force whereas all the players as above conjoin to crash the concept. just my opinion of course but there is an expression regarding urinating into a prevailing wind.
Bit coin et al may become history as the weight of Government world interest to consign to the dustbin of history may be too great to resist. Never traded cyber currency and still not sure as to how to convert to hard currency if I did . Really became interested in Kinesis but a promise is but a statement of intent and not a reality backed by solid market identity. Still interested but validation of backed intent lacking at present so remain out. That is not to say I will not suffer as in the past from a lack of courage to grasp the nettle.
Your views on Brexit most interesting . However quite contrary to the majority as to our Sovereign right to self determination and willing and able to suck up the cost and indeed in those areas where voting Tory is akin to self flagellation. Boris may indeed not be as capable a Blair on the PR front but holding firm I can assure you will solidify his hild on the Mid to Northern seats Able though he may be our QC opposition leader is backtracking into the mire of despair when we need a strong opposition leader to hold the Government to task.
Disappointed in Stammer. He had so much to offer.
Trying to decipher your post but feel we are on the same page. How sad that many here have not read Hogans biography , achievements and undoubted success in his ownership of a major gold miming venture . He has sufficient return from his previous venture to have retired to a mansion on a Caribbean Island . He could have put a few million into his share purchase of Centamin but to what point. Those with knowledge will see his action as affirming his determination to make an egotistical success of CEY . Not for monetary gain but purely for the eventual accolade that will come.
His need to demonstrate success is a far greater motivator than the monetary return (unlike his predecessor Pardey))
This guy is the real thing and unless the pressure from a major predator is in play the eventual return for shareholders will be more than substantial.
Tibbs I am sure will add a more reasoned compendium than I but I get tired at my age of preaching long term thought process (JMT at 899p)
Good luck all and especially those placing their savings in short term trading.
How good it is to have astute and fact backed observations on this Board . As you say the fact that Banks have the ability to class gold (as I understand it physical not paper ) a Tier 1 asset . I see a triangle of crisis in the near future and although not a trained economist the frailty of the Fed in this triangle with dollar debt held mostly overseas will see the Fed having no option but to recommend the current legislature to designate overseas held debt to be at a fixed value. Boom Dollar dead in the water but the States have no option to protect domestic viability. For those who can understand it (not the recent idiots)I append a CURRENT government Bond return chart . Speaks volumes to those who can interpret.
We differ on views outside Centamin but stand shoulder to shoulder on our commitment and belief in Centamin which on the basis of the fundamentals are deeply and profoundly of an order above any share on long term basis (as distinct short term trading /scalping value ) . Those new participants on this board recently posting are not of relevance to me but are to me a source of amusement. Hogan discarded as froth have not even researched what he has previously achieved which is not only impressive but rate as extraordinary in resisting a massive pressure to bring his Company to market before time.
I have traded my holding on a 10-20% basis form time to time which of course is quite different from leveraged short positions from those trying for a quick buck ignoring the facts that the 70% of P.I trading leveraged CFD 's lose money and not savvy enough to find a broker allowing direct entry into the book avoiding negative zero sum entry. Grist to the market mill their bones to grind and spit out.
My average share price in CEY is almost embarrassingly low having as I have said before held almost from day one and the dividend is my primary objective showing a remarkable annual return and even at 3 c per share a degree above other secure returns. As an aside CEY in the earliest days obtained a line of credit with a South American Bank which was I believe never crystallised. Does anybody else remember this. Just for interest sake.
Tibbs ,when the diamond encrusted gold flip flops are just part of a set we own would love to meet up over a decent pint or better a bottle of Chateau Margaux to discuss our long held positions and try to persuade each other to volte face . Fun but probably end amicably to differ.
Regards to you and yours
How pleasant to have a succinct and measured thought process on this board .
At some point previous CEY had the benefit of a legal fuel oil subsidy which seems to have been relegated to history but as I understand this could be realised in their favour due to IMF involvement on upholding legal obligations as a prerequisite of the funding line provided by them to exploit the mineral resources , Perhaps Siko would be able to advise as to how he sees this playing out or is it in the dustbin of history.?
USA debt has to be held somewhere as it cannot be entirely "in house" and at some point if confidence evaporates BOOM it hits the fan . Interesting as to the Indian Gold exchange and volumes thereon. Look forward to those with mining geology experience as to the Cleopatra announcement. Recent announcements by Capital and their forward capital expenditure programme in support of CEY may be a clue as to future direction. But hey what do I know.
Keep safe and well all
Keep safe and well.
In an effort to get away from the petty squabbles and personal smooth talkers who seem to charm so many on this board I append a very concise fact backed , data driven analysis regarding comex and backwardation of physical as distinct from paper /dollar delivered ETF'S Those who have the background and knowledge to interpret such information may expand their thinking as to
1) When does the Federal Government legislate to avoid total meltdown of the Comex futures market held by the major USA banks.
2) At what point does China . perhaps in association with India and perhaps Oligarchs in Putins Russia cascade in concert to consign the USA dollar to a side currency .
On a more technical point I would very much like to hear from those on here with a technical mining back ground as to the relative efficiencies of open strip mining of the Cleopatra zone versus deep mine exploitation as highlighted on this forum .
Keep safe and well all.
Well said. I have held shares in CEY since it was an old map on a wall and even at these transitory levels well in share profit . BUT as my wife who is an accountant states "if you can show me an institution which has returned a minimum of about 6% /annum for years then change ship. .Has some deity or alien presence spirited the gold from Sukari Sadly other than illegal financial dealings I am at a loss to answer in the positive, If others can point me in a seriously comfortable other direction then I am all ears. Presumably they will indemnify there comments /suggestions in a legalised form in case they are proved wrong.!!! I have a good London solicitor who will write the agreement at no cost to the counter party.
A well known surviving investment manager once said to me " the first thing I look at is the balance sheet, the second is the balance sheet and the third is ongoing liabilities which might influence that balance sheet. Sadly my formal education was not in mining and I appreciate the intellectual expertise of those on this board who have a deep background in the mining industry . I especially appreciate the contribution from Siko who has an insight into and understands the Egyptian psyche and decision making process which has historical basis. This is not wrong but just different . With the dividend cover vested in CEY then I shall continue to be a holder. I follow the RNS with interest and to my knowledge (subject to other more enlightened comments in case I missed something) Blackrock et al have not declared a change in their holdings position.
Having no mining experience I will say that I have day/ minute traded into the SETS book and am dismayed as to the lack of trading knowledge others on here have. confusion as to UT, after market trades , inter house share transfers and +NMS trades shown after hours is well documented on the LSE site. Perhaps obfuscation by those who do know. Equally limit orders or market orders should be understood and if not available vis their on line platform change !!!!!
Lastly how refreshing that we have not had a political diatribe from those who have an agenda to follow from their pay masters to endure on this magnificent board of late . Perhaps we can thank the American election for that.
I respect your views and points of view and will defend your right to them to my dying day. However this is not the platform to air either of our views . Is there some platform where we can exercise our rights under this democratic system we enjoy.
to avoid alienating quite rightly Mr Bond and others.
Clegg was the driving force by the way.
Interesting links but facts as always skewed towards one end of the spectrum. I did have a longer reply regarding mandatory head of household voting register returns ,Biometric I.D.cards scuppered by Clegg and the Liberals, and the Aus system where I believe voting legally mandatory (perhaps Mr Bond has a view?) However as not Gold or CEY related will just sign of with apologies to all.
Well said Zambian miner. Mr Tibbles may well have brainwashed many on here but if he doesn't like the Democratic system we enjoy I am sure he would be welcome in Moscow , the Fascist dictatorship in China or the free and democratic system of North Korea or Venezuela. Perhaps Hong Kong now appeals to him . Yes the Western system of democracy has its faults but at least if we dont like it we can vote to change it . Not so with his alternative. Get real guys and stop being duped by sibilant rhetoric of NO RELEVANCE TO THIS BOARD.
Mr Bond make no decisions until you have tried a Ferrari 458 Yes license and jail term a possibility but it also is comfortable at 30- 70 and climate par excellence.
Just keep in auto and st limiter. until track day and launch control. Hit the button for by pass exhaust and enjoy the noise. Hopefully all here will have funds soon to buy similar or Skoda as is their right and ability so to do.