Member Info for mrtibbles

It"s time that CFD's were also banned in the UK doing so would help create a more stable market and stop funds such as Blackrock from meddling !

Gold and silver prices are down a bit in subdued early U.S. trading Tuesday. A firmer U.S. dollar index so far today is a negative outside market element pressuring the metals markets. Metals traders are anxiously awaiting a U.S. inflation report on Wednesday. December gold was last down $6.90 at $1,940.30 and December silver was down $0.058 at $23.325.

https://tinyurl.com/248nmkp8

Even though the gold market lacks direction ahead of the Federal Reserve's September monetary policy meeting, prices will make a move and hit $5,000 an ounce within three years, according to Michael Lee, Founder of Michael Lee Strategy.

The stagnation in the price action is partly because of the strength of the U.S. dollar and the market's interest rate expectations. But the macro data the market is basing its estimates on looks manipulated or flawed by design, according to Lee.

"For a lot of the United States, they're already in recession," he told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "You've already seen some massive deterioration in the labor market, although it's not certainly not being reported that way."

https://rb.gy/1cnkn

Hi Razor's,

Note the is purchase is by CFD, although it's possible to trade CFDs in the long term by adopting a buy and hold approach. Traders will usually do this if they think that an asset's value will increase over a long period of time, which is known as position trading​.

Most traders do not consider CFDs appropriate for a long term investment because CFDs incur high fees if held for long periods of time,so traders usually consider them only as short term trading instruments.

Because the industry is not regulated and there are significant risks involved, CFDs are banned in the U.S. by the Securities and Exchange Commission (SEC)

A CFD is an equity derivative under which the holder generally does not have voting rights or a call option over the underlying shares. For an overview on forward and futures contracts, see Practice note, Derivatives: overview: Forwards and futures.

So this purchase shoes no real commitment or belief in CEY by Blackrock they will likely reduce their position before long!

What is needed is some stock buying by the BOD!

Thank you Tornado

Is this he article Tornado?

The gold miners’ stocks just entered the autumn market busy season on the wrong foot, selling off as traders returned from summer’s last long weekend. That has fortified the bearish sentiment this sector suffered in recent months. With football on the mind, gold stocks’ back-and-forth action reminds me of plenty of big games. While a key drive to new upleg highs was fumbled, gold stocks are still in the game.

https://rb.gy/00rx0

September 08, 2023

The deteriorating relationship between the world’s two most populous countries is threatening to set back the BRICS currency project and undermine the bloc’s de-dollarization goals.

https://tinyurl.com/4dw7fp6c

Difference this time is that the banks have to comply with "Basel 3".

New CAPD investment in Wia Gold24 Aug 2023 07:51

CAPD took part in Wia Gold's recent A$11m fundraising at A$0.032 (a 20% discount ot the share price at the time), summarised here:

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02689236-6A1159402?access_token=83ff96335c2d45a094df02a206a39ff4

Per their disclosure CAPD now own 19.9% of Wia, or 183,216,279 shares - these are now worth around £3.4m at the current A$0.037 price, so CAPD have made a decent profit already on their purchase of around 123m shares:

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02701796-6A1164548?access_token=83ff96335c2d45a094df02a206a39ff4

Only wish some of the CEY BOD would make some meaningful purchases by not doing so it seems they don't believe in their own strategy!

I am seriously considering investing this years CEY divi into CAPD!

Great to see CEO buying a maiden stake here and particularly the CFO spending almost £50k on CAPD shares.

Golden Rim's shares were up 13% overnight to 9 month highs on "encouraging" drilling results at Kada, where CAPD are the drilling contractor (and also own around £1.5m of shares):

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02683401-3A621191?access_token=83ff96335c2d45a094df02a206a39ff4

See post from LSE CAPD forum 27th July

Good news - looks like the Allied Gold IPO is going ahead on or around August 17th.

CAPD are thought to own around 2% of Allied, and this stake was valued at $7.7m at 31/12/22 (see p.101 of the Annual Report). The stake could be worth up to another $20m or so for CAPD on Allied's IPO, on top of the very considerable $30m or so value of the rest of CAPD's investment portfolio - giving a total portfolio valuation of some $50m against the total m/cap of £167m:

Https://finance.yahoo.com/news/allied-gold-corp-limited-allied-204500881.html

Allied have raised the minimum $250m, and are looking for more to take them nearer the $300m originally mooted.

Difficult to tell what CAPD's upside is without knowing exactly how many Allied shares they own, unless this paragraph helps someone to work it out:

"In connection with the Going Public Event, the Common Shares will be consolidated on a 1:2.2585 basis prior to the issuance of the Resulting Issuer Shares, which are expected to trade in Canadian Dollars reflecting an effective price of approximately C$5.92 per Resulting Issuer Share."

Agreed Mr Bond.

Those share holders who were prepared to invest should not be exploited 55 % is just greed!

Best

Tibbs

The Federal Reserve is the only central bank short on gold and is markedly losing its ability to manipulate the gold price!

https://tinyurl.com/ye2x474f

Mortgages are still so cheap when compared to years ago. all that happens when interest rates are lowered is that the house prices, even for crap so called starter homes are inflated and overvalued by greedy developers ,estate agents and the building industry!

Mortgage News: Virgin, TSB, Yorkshire BS Cut Rates In Wake Of Bank Of England Signals

https://www.forbes.com/uk/advisor/mortgages/2023/09/08/mortgage-updates/

Hi Paul, I agree, although most BOD are just tike politicians they rarely if ever want to admit they got it wrong , they much prefer to kick the can down the road until fate forces them to change course and then they blame anything and anyone , but its never them!

Very similar has occurred with this now known to be unfit for purpose concrete problem in schools and other public building , just like at Sukari the developers saw using it as a way to make a bit more at less cost and the politicians went along with it because it looked better on the budget sheets in the short term, but now that cheaper concrete is going to cost an awful lot mote in the long term to put right,

The same applies for many property management companies and trust's that invest in all sorts of properties for rent or lease, its' called "Squeezing the asset!" by spending the absolute minimum on their routine maintenance, or routine waste stripping in the case of Sukari, they failed to maintain the ATM so it stopped spitting out cash!

To be fair similar things happen with estate sections in local authorities , I've experienced when rather than do a timely repair on the roof of a museum it was it was decided that by not doing it would save much over a period of years, unfortunately though the roof then usually falls in or the building gets so damp its unusable!

As you say some acknowledgement or thanks to long term investors by the BOD would seem to be more than appropriate!

Tibbs

Hi Sotolo,

Thank you for the explanation re HOC vs CEY , interesting, I take the point about inflation on Cey profits but in in my view that cost would have been far more manageable and less noticeable had it not been for staggering and drawn costs of the Sukari clean up combined with the erosion of market trust in the company.

Hi Tornado,

I agree with you, also with the completion of the excess waste clearance contract there should be be a very considerable reduction in CAPX whilst providing great improvements in operational efficiency, flexibility and safety!

All positive for market confidence building and increased profits!

Hi Paul, relevant comparison of SP between HOC & CEY which seems to defy logic , Cey seems to be the better bet by far, so why doesn't the share price reflect that?

Likely due to several reasons, the number of times the previous mana, failed to deliver and it has now been proven they deceived the market and shareholders about the true state of Sukari for a number of years which has almost totally eroded shareholder confidence and market trust!

Any restoration of market trust will e dependant upon actual proof, rather than just future predictions as in the past!

Reducing AISC , but more importantly CAPEX for the waste clearance should help boost profits which if sustained should help restore market confidence in that unlike the old management the new management are truthful and know how to run a mine properly!

Well worth a tour!

Centamin's Egypt - 3D Presentation - April 2023

https://www.centamin.com/

https://vrify.com/decks/13211