Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.kitco.com/news/2020-02-03/Gold-prices-have-formed-a-bottom-expect-the-next-rally-to-target-1-900.html
Gold prices have formed a bottom; expect the next rally to target $1,900
GLTA,
Dan
the point is there is no selling without buying.... How to buy if no sellers and vice versa. The CEY shares are nothing for sale from source all shares are consumed by holders. The market is completely manipulated, the manipulators looking for any chance of reasons to lower and higher any shares for their own transactions making the their day trading.
But this is my understanding unless someone explains how I can sell without buyer or vice versa .
GLTA,
Dan
Tiger, I will agree with you, but I hope as well if any offer should be worth the wait for 10 years holding. Also, if the FED wants the reduce the debts on the balance sheet they should work on higher gold price as USA has a huge gold reserve on hands and this is the only way to reduce the $23T plus.
GLTA,
Dan
Hi Cowichan, thanks for the link. My understanding is, the new mining law will apply to the existing miners as he said "We are very excited by the changes so far and those to come and what they offer to Aton in the future. Maybe we will all see Egypt at PDAC this year and hear more.”
is that right?
THanks,
Dan
Thanks RazorsEdge for all the info, looks good and great show for Centamin. I am not sure some one here came up with suggestion of lower production for Q1 based on his/her wrong opinion. God knows what he/she is hopping for.
GLTA,
Dan
Yes still trading in Canada, however it is not computerized trade, to buy you need to call your bank/trading agent and only the sale is on line. I am not sure why? very weird I asked my bank many time and the answer "For your security and it is risky" and no real explanation. That is why if the volume always very low and doesn't help at all. That was started after the removed crock started working for CEY. It is controlled by BMO which I believe the main bank for EDV.
I hope the Management correct this action since he is gone.
GLTA,
Dan
Thanks Cooperman21, and same here I am not interested to know about a miner that has debts and if the gold keep its price level they will need at least 3 to 4 years to start debt free and then start pay dividends, and as TigerByTheTail says CEY has a lot to think about to offer more advantages to their share holder maximizing value while Dividends kept flowing....
GLTA,
Dan
Cowichan, the report from Aton mentioned nothing about Mr. N. Sawiris and the investments with them but t.edv takeover also mentioned "Abu Marawat is over 596 km2 in size" which is almost 4 time area of cey.
Thanks for pointing that report.
GLTA,
Dan
After I fainted for a few minutes my wife asked what happened to you I told here I was thinking about if you have about 15m ounce in hand within 3 sq; imagine what if you have 160sq. I said we are rich we are rish that is why I fainted. LOL
That is a joke. but GLTA,
Dan
Thanks mrtibbles for all the hard work for getting all the news. But I am wondering where is Al-Fahkarany now? And what will happen to him if he went back to Egypt? And if Centamin has all this issues why EDV wants to pay close $1.6B! only for 3 km?
We really need a GL hear.
Thanks mrtibbles for the explanation however according to my understand law 32 will never arise as it is against all democratic systems, in any country you will be able to sue a government for a decision was taken even a contracts that doesn't apply to the country constitution. That is why Law 32 can't be applied in a democratic society. Ask any lawyer will tell you the same. Otherwise it will be a communist country. Have that law in US, Canada, UK or any where else will be a revolution waiting.
Also, if the new law apply or not that is no one can assure us, I have asked 10 times by emails and no answer to some of my Q's.
GLTA,
Dan
MrBond46, there is no dispute about the 160 sq km as you say and again the case is close and will not open again.last presentation it was mentioned the work with on other areas within the 160sq km. If there any issue El-Raghy will not mention it so the court case is gone. Please guys check the presentation page 8.
GLTA,
Dan
Cowichan, obviously you are right as W.B. But when I read last statement ,
“The best use of cash, if there is not another good use for it in business, if the stock is underpriced is a repurchase.”
IMHO, and I am guessing as what was said by Mr. El-Raghy he is waiting for the new law to go for other mining business in Egypt, I assume he will start or buy under a new miner with the amount of cash on bank and to be distributed to the shareholder with shares for the new company.
Unless the new law will apply for Centamin then just build a new mine in far distance from the current and double the production. 160 KM is huge land don’t forget that another one don’t have any money and have the gold to be mind such Aton resources....
Also if nothing on their plate I would go for buyback. But why they didn’t when was at .90!!!!
GLTA,
Dan
Cowichan, I can't say it much better, thanks and thanks to Rebess as I supported him for the theory of bad CEO that was working as a spy and use all the capacities of the sukari project in lower grade for EDV purposes. God knows about Buchanan intention as well.
GLTA,
Dan