focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Waiting for a sour pus to post that. Been buying the near dips and selling the near peaks since the bad news at pit face just put a toe back in for the dividend if you must know. So well above water and since sold all my other holdings to focus on the cey turnaround. You can have that one for free..
Another stupid link..
San FranciscoTesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives on Thursday seen by Reuters.
The message came two days after the world's richest man told employees to return to the workplace or leave the company.
CAIRO, June 1 (Reuters) – Egypt awarded eight gold and metal mining exploration licences in the eastern desert region, the petroleum ministry said on Wednesday, as it seeks to increase investments in this underdeveloped industry.
Four companies won the licences – Lotus Gold, AKH Gold, Marine Logistics Gold Mining and Ankh Resources, a source at the ministry said.
Egypt has a history of gold-mining stretching back to the pharaohs but now has only one commercial gold mine in operation, Centamin's Sukari, in the eastern desert region. Sukari contributes up to $900 million a year to the Egyptian economy.
The country is targeting $1 billion dollars of investment in the sector. ...
(Reporting by Ahmed Ismail Writing by Maher Chmaytelli Editing by David Goodman) ((Maher.Chmaytelli@thomsonreuters.com;)
Stupid link....
For gold investors, the current environment should make for the perfect storm.
War, global inflation, Covid after-shocks and deteriorating trade relations are the sort of frighteners that would normally provide a push towards the yellow metal, a unique store of value in troubled times.
Yet, after a spike in late February (marking the start of the war in Ukraine), gold’s price has slipped around 9% to trade at just a smidge over US$1,850 an ounce.
In a note, City broker Liberum points out that the Fed is the big depressant; this and the inverse correlation between the price of the gold and real yields.
So, its stance in the medium term is mildly bearish on the price of the precious metal as the American rate-setters, along with central bankers around the world, set about tackling inflation with hikes to the cost of borrowing.
Rather than hold gold itself, Liberum is a proponent of nabbing exposure via the equity market. Specifically, it has ‘buy’ recommendations on two stocks: Centamin PLC (LSE:CEY, TSX:CEE, OTC:CELTF) and Shanta Gold PLC.
On the former, it says shares are below its 98p ‘base case’ valuation (they are 82p each currently). The 112p price target, therefore, offers 37.5% ‘upside’ from current levels.
“Potential share price catalysts in 2022 include studies on underground expansion and production from bonanza structures, and airborne survey results,” Liberum said in its note.
Taiwan says it deployed fighter jets to warn off 30 warplanes sent by China into its air defence zone.
The incident on Monday marked the biggest incursion since January.
It came days after US President Joe Biden warned China against invading Taiwan, and on the same day as a US official visited the island to discuss security with leaders.
China has ratcheted up the frequency of its air missions in recent months, claiming they are training drills.
Mmmmmmmm training drills?