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RazorsEdge, You are so funny, I like your comments about you wife's hair...LOL
At least some here are very calm during the false storm.
Remember in Med 2020 it was over £2.03, it was no reason either to go that high, market game play.
GLTA,
Dan
This market trick to scare small investors and sell to run with their money, and the tricky actors collect as much in lower price, it happened all the time after CEY announcing results.
Hold on guys, don't panic. long time members here should be able to understand the those evil's tricks.
GLTA,
Dan
Mrtibbles, for sometimes I believe that Centamin is still producing the said amount of gold, but where is the Different between the actual and the announced? I am not sure, since the government of Egypt was announced the increase of their reserve gold be my guess, and no wonder Youssef el-Raghy left the company.
GLTA,
Dan
Good Morning all, this may help in the case of Saudi as announced last week to invest more in gold mines in Egypt and at the same time was a condition of a loan of 3 billion to the Egyptian government to privatize its own project.
I hope that is for the better to the investors.
GLTA,
Dan
Yes, I agree the AISC will increase relatively, but, employees will raised by Egyptian pound that was lowered in value from 17 pound per $US to over 30 Egyptian pound per $US, and they sell gold by $US and with the calculating of the impact the AISC should be lower than anticipated.
GLTA,
Dan
Happy New Year all, I wish you all the best of Health, Happiness, Success, Love, and Money.
Why it should be good? the $US rate to the Egyptian pound went more than 60% which means the expenses for Centamin should go lower and maximize the profits as most expenses are paid in Egyptian currency and gold around $1,775.
Add to that the production as they announce will be higher this Q and by 2022 year-end.
The only thing I can say if they come up with something different; it means that the management is corrupted.
GLTA,
Dan
It could be nothing to mention,
GLTA,
Dan
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
DIRECTOR DECLARATION
In accordance with Listing Rule 9.6.14, the Company announces that Hendrik ("Hennie") Faul, Non-Executive Director of Centamin, has been appointed as a non-executive director of ACG Acquisition Company Limited, a special purpose acquisition company listed on the London Stock Exchange.
This announcement contains ongoing regulated information.
EMRA is a very old school, and the new Government should notice that they are doing nothing toward the Metal Mining sector, they achieved zero advancement but losing good miners names, which can be a very enhancement to Egyptian incomes that need it for their economy.
Delivery preference: Immediate delivery
Centamin Keeps Outperform Rating at BMO Capital Markets Following Exploration Update
2022-07-07 11:23:27 AM ET (MT Newswires)
11:23 AM EDT, 07/07/2022 (MT Newswires) -- BMO Capital Markets on Thursday reiterated its outperform rating on the shares of Centamin (CEE.TO) with a GBP1.30 price target after the miner offered an update on exploration programs at its properties.
"Impact: Slight Positive. Centamin announced an update on the exploration work currently being undertaken across its portfolio of assets," analyst Raj Ray said in a note. "Results from Sukari underground exploration continue to highlight potential for near-term addition to reserves and resources at better grades, which bodes well for increasing production and margins for the company. The Sukari surface exploration program has also identified potential satellite targets that can help improve operational flexibility. Centamin is targeting completing an updated reserve and resource estimate for Sukari by Q4/22 based on the drilling completed to date."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 1.25, Change: +0.06, Percent Change: +5.04
GLTA,
Dan
I am wondering how many shares are rewards of giving away to management for real bad performance. I read in the news that Egypt's Gold Reserve is increased very much as the fedral Bank bought large quantity the last few years, at the same time Egyptian Government has very much debt but the economy is to a higher degree.
SO my question is where the gold production that was estimated years ago that they will produce over 7000K ounces by the year 2020.
Are those rewards shut their mouse up and close their eyes and not visit often the sites?
Maybe I am wrong but, Should we keep trusting the Egyptian Government since they are in control of the site, please correct my questioning and my thinking.
GLTA,
Dan
Sounds like Aton Resources will be petter investment than Centamin
Aton drills high grade sulphide mineralisation at Rodruin, with 39.4 g/t gold and 261.7 g/t silver over 9.9 metres, within an overall intersection of 88.6 metres grading 5.76 g/t gold, 42.0 g/t silver, 0.31% copper and 2.40% zinc
https://www.atonresources.com/news/2022/aton-drills-high-grade-sulphide-mineralisation-at-rodruin-with-39.4-g-t-gold-and-261.7-g-t-silver-over-9.9-metres-within-an/
Good luck to all,
Dan
I agree with you, and I am sure that Sawiris is behind the collabs price of CEY while Centamin shows success regardless of the degraded open bit production.
I think if I am not wrong he is the one or his mafia guys who kill the higher closing price daily.
GLTA,
Dansul
just FYI,
https://www.kitco.com/news/2021-03-08/Egypt-invites-international-investors-to-explore-for-gold-copper-lead-zinc-and-other-resources.html
GLTA,
Dan