Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi Marmot
Many thanks for posting this link and sharing this with the board. I am wondering just how Centamin managed to capture a man of this calibre. I would encourage all here to listen to our new CEO
After listening to the podcast I can only assume that CEY have given him carte blanche to develop the company along expansionist lines as he is not their for the salary or personal gain as he clearly after Toro well set for life. I could list his attributes ,experience, network, management style, well liked by the City from the time he spent with Barclays, entrepreneurial ability and his environmental and social care.
I think the expression "watch this space" is most appropriate
Isolated Bob
Sotolo agree the facts overcome the rhetoric
Thanks also for your pointer to new CEO C.V I am well satisfied now as to his management skilss , knowledge and his entrepreneurial drive. I equally had a regard for Langford but a good new CEO will clear the decks to bing in his own people no matter the merits of the old and also to get closer to his line management team.
Regrds
Isolated Bob
HI Tony
With RNS this morning put limit order of 10000 before open and got filled at 121.5. Same 10000 I sold yesterday at 118.82 so took the hit more than covered by the rise in my core CEY holdings. Hopefully we shall see a steady rise as the market assimilates the news and digests its content. I am very heartened by the following extracted from the RNS
"In line with ongoing organisational restructuring the General Manager of Sukari will report directly to the CEO, with Jeremy Langford resigning from his position as Chief Operating Officer to pursue other interests. The Board would like to thank Jeremy for his contribution and commitment and wishes him well in his future endeavours.
"These changes represent further steps in reshaping and strengthening the Company's leadership team, with a balance of core skills and experience best suited to deliver sustainable stakeholder returns. "
Clearing the decks already and showing a hands on approach so lacking from the previous incumbent.
Would like to hear further from the wise heads on this board as to their opinion of this new man.
Regrds
Isolated Bob
As always the bureaucratic polit buros have a jobsworthy position to defend. We need an Ernest Bevin to be appointed to cut the c===p but unfortunately the Labour opposition have nobody up to this task and present Union leaders (as Bevin was)cannot turn off the ideologue when they should have the clout to cut through the red tape . Churchill admired Bevin and appointed him in the coalition Government as Minister of supply. In my book a hero as he took no prisoners and ruthlessly raised supply and production to a level needed to resist the Nazi threat. I am sick and tired of media fashion political celebs stating the problem re testing and Labour playing politics with the situation without offering solutions or leadership. Woe is me and its all the Governments fault. Disgusted.
Isolated Bob
Not least of all yourself Tibbs having the ability to assimilate all the informative post into a cohesive whole Non exec ly without their grosely Chairman of the board stuff but sadly without their grose fees and share options.
Cant quite make up my mind about China. Ruled by a Communist dictatorship with iron rule and unlike Western Democracies with the ability to vote to get rid of the likes of Trump or Brown , destined to govern as long as the elite party inner power brokers decide. On the other hand can a Country with 1.3 billion be governed in any other way. India seems to be doing it(just)
Put a 10,000 limit sell order in this morning at open at 117.75 and delighted to get filled at 118.82. Limit buy order in at 115.85 to accumulate my holding in CEY. As said here many times as no intent to crystallise my CEY holding but concentrating on the ex divi date in May. Major banks , Insurance Institutions, and others deferring their dividend payments and glad to say the gross and disgusting bankers bonuses. Again CEY will be a shining beacon in a market bereft of income.
Has anybody here managed to arbitrage the ex divi date with a sell order the following day. Usually a share will drop on the day following the ex divi date by the percentage roughly of the divi pay out. Would a limit sell order at open be filled before the market drops the share price that morning , allowing a buy back later at the lower price. Will try it as a mental exercise but the market not normally naive in these matters so not likely to suceed.
Kind regards to all and thanks Tony for sharing past career positions with us. Impressed.
Isolated Bob
Thanks Tony, very cautious of the " margarine spread "at open but offset by limit order.
Interesting info on Saudi oil manipulation . Do you trade put and call options on oil, not sufficiently educated to dabble but has been on my mind for some time. Timing is all and who can say when Russia or Saudis capitulate . Pundits forecasting Saudis will cave first but at least 12 months away. Staying clear for now but your insight in centrally held gold sell of by stressed economies frankly not what I had factored in..
Regards
Isolated Bob
Thanks Tornado, will put limit orders in on that basis. Much appreciative of your thoughts Certainly gold retrenching quite sharply . Is this due to the lack of jewellery sector demand as comprises 50% of the physical gold market with India and China being the main players. However and equally there is the question of retail gold being sold into the market to cover domestic expenses in a less socially supportive environment. Not at all convinced by fiat currencies as with massive behind the scenes money laundering (currently called Quantitative easing as comfier term) stagflation (as posited by Tibbs and others of knowledge here) a real and massive liability looming on the horizon. Yuan ????
Regards
Isolated Bob
Hi Mr Bond
Seriosly considered Tornado Tony predictions but set a buy limit order for 10000 at 121.4 and got filled . Wasnt too thrilled to see bid dip below 119.5 but happier with late and sharp recovery. Now overweight CEY and sit and see what happens'
Have set up a virtual street corner with friends in the local community via Skype to ensure medicinal alcohol available to all
Regrds
Isolated Bob
Thanks for that Tibbs, and enjoyed your recollections . Personal anecdotes give all here an expansive and human background to the Centamin information and factual news posted on this delightful board
Regards
Isolated Bob
Good to hear from you Mr Bond
Sorry off topic
My very best friend sadly no longer with us was a Maths head at a very exclusive public school with a degree in statistical maths from Oxford. His part time job was working in a bookies and he was an inveterate gambler but at the Races (we joint owned the back half of a hurdles horse) and he would look at the betting boards and tell you whichever horse won the profit that that book maker would take home on that race. My bridge tutor and I always lost to him at back gammon. He played the markets as well and during the Tech bubble we accumulated enough to finance the racing. If you haven't stood at the rails at Fakenham in a 30 knot wind in January with temp at 2-5 degrees you have not lived.
Apologies rambling but your bet 365 prompted it.
What a fantastic eclectic board we have here and some have deep knowledge which I really appreciate .
Isolated Bob
Sorry digit error
I've accumulated 2400 Centamin shares at zero cost. except the extortionate trading fee which is a disgrace.
My goal is simple is to accumulate max CEY shares as come May the divi will be a beacon in a sea of gloom
As I have posted here before a return on any investment you wish to call cannot reconcile with CEY divi return . It is backed by a balance sheet which is positive, cash assets , a proven resource and a prime mover in a growing industry. West Africa will be a corona virus basket case and have crystallised all my holdings . sadly some not in an ISA but happy to take the lesser hit . Wait until earning season hits , blood bath and DOW and SP500 blitzed. We have not seen this before and hopefully will not see again in our lifetime. Cash at this time is not a reasonable hedge.
Kindest regards
Isolated Bob
Hi Tornado
I blame and bless you. I day traded form 2000 until 2006 mostly CFD directly into the book the other side of the spread. I have posted here as to the zero sum game that most are caught up in but I dont think many here understand that they are the other side of the market whenever they place an order but c'est la vie. THE MARKET IS NOT MOVED BY FACTS BUT BY SENTIMENT and that is mostly ahead of ordinary investors. I blame you for the fact that I have traded over the last few days being a great believer in the psychological stops of round figures. Sub sequentially I sold at 129.10 and bought back on limit orders at 121.75. The inexperienced would have set their limit at 121 and would never have been filled. Equally their limit buy order would have been at 129.5. These are my own shares so I am not leveraged now but the end result is that I have accumulated 2400
At what point in this current crisis cycle does holding fiat paper currency become like the Wiemar Republic Deutsche mark? Worthless.
At what point does the good old US OF A declare hoarding or holding of Gold Illegal. If you dont think this could happen read on
In 1974 President Gerald Ford lifted a forty year ban where it was illegal to own hoards of gold. This ban was put in place by Franklin D. Roosevelt in 1933.People were able to buy gold and trade gold as a commodity. After the great depression is when this all happened. However this time is different as the relative economic strength of China and India would overwhelm that decision and the American wealth holders would create mayhem for any USA government. How much Q.E can prop up this zimmer frame market? It is interesting that Smith forecast that inflation was not the only depreciation of paper currency. Interested in any very capable technical analysts on this board regarding the violent drop and recovery in a short time frame of CEY price today.
Isolated Bob
Hi Super
Very well put. Amidst a rising tide of profit warnings coming and oh boy will they be dire Centamin will shine as a beacon in a desert of bones.
Presume all have seen the news re Sukari corona virus free and the strict measures the Company have put in hand to keep it so; Click on share news at top of this board along with a comforting statement as to supply and shipment .
Interesting fast downward blip of about 6-7p now retracing upwards equally as fast. Those with a large order to fill on their books aiming to bring some liquidity into the arena. Never know for sure of course and have not used the word manipulation .
Keep well all
Isolated Bob
Hi Cowichan,
Your thoughts echo mine except that it was noticeable that the main Institutional movers in the market did not calculate that the End approach would add value to their holding . They employ the best analytical minds on the planet and didn't budge. They all hold extensively in Barrick and again if their analysis indicates value then CEY will be toast. However CEY is unique in holding first mover advantage in Egypt and have a business plan which is some miles above water. The main disadvantage is the management team and I feel the next round of announcements will indicate where we are heading. I freely admit to holding Barrick and have previously indicated their jv(for want of a better term )with the Saudi's.Expertise I admit in copper mining and not having the knowledge to whether this transposes easily into a gold mining operation although their Saudi operation does have a gold element attached. What do they say "never fall in love with a share" but must admit CEY is in this unique position with me as with my holding in Johnson Mathey, again regular though lesser divi as a percentage of current price but against my price bought in and adjusted for inflation and compounded interest magnificent and secure. . As I have previously indicated the Divi is my main concentration as my holdings are when Sukari was a map on the wall. Hopefully the Institutions will see future value and demand a decent premium if and when they throw their weight behind a sell out. Brokers short term Blackrock et al long term .
Just my thoughts and not an aficionado as yourself on this fantastic board.
Isolated Bob