Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Major stock indexes in Europe traded lower in the premarket session on Wednesday as investors awaited the latest report on the Eurozone's Consumer Price Index (CPI) scheduled for release later in the day. Additionally, fresh data on euro area unemployment is expected to be published today.
The DAX traded 0.24% lower at 8:00 am CET, while the FTSE 100 fell by 0.47%. At the same time, the CAC 40 lost 0.10%, and the Euro Stoxx 50 declined 0.20%.
The euro and the pound both traded flat against the dollar at 7:58 am CET, selling for $1.07743 and $1.25767, respectively.
Baha Breaking News (BBN) / JJ
Happy hump y’al
Major stock indexes in Europe traded lower in the premarket session on Wednesday as investors awaited the latest report on the Eurozone's Consumer Price Index (CPI) scheduled for release later in the day. Additionally, fresh data on euro area unemployment is expected to be published today.
The DAX traded 0.24% lower at 8:00 am CET, while the FTSE 100 fell by 0.47%. At the same time, the CAC 40 lost 0.10%, and the Euro Stoxx 50 declined 0.20%.
The euro and the pound both traded flat against the dollar at 7:58 am CET, selling for $1.07743 and $1.25767, respectively.
Baha Breaking News (BBN) / JJ
Happy hump y’al
Gold currently $2284.32
Woops mistaken identity 🤭
Private equity firm Silver Lake Partners LP announced on Tuesday that it will acquire entertainment company Endeavor Group Holdings, Inc., in a $13 billion deal, or $27.50 a share.
"Under the terms of the agreement, Silver Lake will acquire 100% of the outstanding shares it does not already own, other than rolled interest. Endeavor stockholders will receive $27.50 per share in cash, representing a 55% premium to the unaffected share price of $17.72 per share at market close on October 25, 2023," a press release reads.
The transaction is expected to be completed in the end of the first quarter of 2025 and is pending to the satisfaction of customary closing conditions and required regulatory approvals.
Baha Breaking News (BBN) / RR
Keywords: MERGERS AND ACQ
RNS link:
https://www.lse.co.uk/rns/CEY/additional-listing-yfzloatfz2pfcld.html
Centamin plc
("Centamin" or "the Company" or "Group", including its subsidiaries)
LSE: CEY / TSX: CEE
ORDINARY SHARE LISTING APPLICATION
The Company wishes to advise that under the terms of the Company's shareholder approved incentive plans shares are required to be issued, in the ordinary course of business, to satisfy awards that are due to vest to participants in 2024.
2,650,000 ordinary shares of no par value ("Shares") will be issued and will rank pari passu with the Company's existing ordinary shares. The trustee of the share plans will allocate the vested awards subject to the terms of the share plans.
An application has been made by the Company to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") for the listing of the Shares to be admitted to the Official List of the FCA and to trading on the LSE. The Shares are expected to be admitted to trading on the LSE from 8:00am BST on 4 April 2024.
Immediately following the share admission, and in accordance with FCA Disclosure Guidance and Transparency Rule 5.6.1, the Company's total issued share capital will comprise of 1,161,082,695 ordinary shares of no par value and each carrying one voting right.
For more details on the Company's share plans, please refer to the 2023 Annual Report and Accounts which is available on the Company's website at www.centamin.com.
Equities in Europe traded mostly lower in the premarket on Tuesday ahead of the reports on inflation in Germany, house prices and mortgage approvals in the United Kingdom, and the manufacturing sector in those two countries and the Eurozone.
The DAX declined by 0.22% at 8:00 am CET. The CAC 40 decreased by 0.15%. The Eurostoxx 50 dropped by 0.08%. Meanwhile, the FTSE 100 stood flat.
The euro lost 0.15% to the dollar at 7:58 am CET to sell for $1.07266. Simultaneously, the pound sterling fell by 0.07% against the United States currency, going for $1.25424.
Baha Breaking News (BBN) / JR
*Easter Tuesday
Equities in Europe traded mostly lower in the premarket on Tuesday ahead of the reports on inflation in Germany, house prices and mortgage approvals in the United Kingdom, and the manufacturing sector in those two countries and the Eurozone.
The DAX declined by 0.22% at 8:00 am CET. The CAC 40 decreased by 0.15%. The Eurostoxx 50 dropped by 0.08%. Meanwhile, the FTSE 100 stood flat.
The euro lost 0.15% to the dollar at 7:58 am CET to sell for $1.07266. Simultaneously, the pound sterling fell by 0.07% against the United States currency, going for $1.25424.
Baha Breaking News (BBN) / JR
Gold currently $2252.77
*Easter Tuesday
Telegraph link
https://www.telegraph.co.uk/money/investing/questor-costain-low-priced-stock-bright-future/
Another dig… “Gold mining executives are clearly paying attention to this disconnect, judging by the rash of deals, even if stock markets are not”
I wonder how the U.K. market is going to pan out.
Down the tubes and screwed for ever or wake up!
Gold mining executives are clearly paying attention to this disconnect, judging by the rash of deals, even if stock markets are not, and we are therefore happy to keep faith in both Egypt-focused Centamin (CEY) and Resolute Mining.
Shanta Gold’s 2023 results are due on Thursday (March 28) and the shareholder vote on the deal takes place the week after, on Thursday, April 4.
Questor says: Gold miners could be primed to shine
Ticker: SHG:AIM
Share price at close: 14.5p
Previously tipped (ab a week ago) by The Telegraph’s Questor share tips:
Shanta Gold
Whether a 10pc increase in the offer price from bidder and global conglomerate ETC Holdings (Mar 19) is enough to sway shareholders in Shanta Gold (SHG:AIM) remains to be seen.
If the deal does go through at 14.85p a share, with a dividend of 0.15p a share on top, we will bag a total return in excess of 50pc (Questor, Jan 10, 2023).
Given this column’s dismal record with junior miners, would be more than enough to keep us happy. That said, we can see why some shareholders may feel that even the higher bid represents a bit of a low-ball price.
It equates to a market value of £156m for a firm whose net assets are £133m , according to the last set of published results.
They were the first-half figures for 2023 that were released back in September.
That price tag implies a price-to-book, or price-to-net-asset-value, multiple of 1.17 times.
However, Newmont’s (NEM:NYSE) bid for Australia’s Newcrest in 2023 valued its target at 1.7 times and there is a good possibility of Shanta Gold growing its book value in future, should retained earnings flourish as expected, thanks to both increased output from its New Luika and Singida mines in Tanzania and an all-in sustained cost (AISC) of production of $1,200 (£949.26) to $1,400 an ounce.
With gold trading at $2,175 an ounce, profits should start to pour out of the ground, if all goes to plan, and the metal’s price stays firm.
There are caveats to this. Newcrest is a much more mature and bigger operation than Shanta, with 2.1 million ounces of annual gold output at an AISC of $1,093 at the last count and the stock offered a higher dividend yield than Shanta’s before the acquisition by Newmont.
Investors are also always likely to place a higher multiple on operations in Canada and Australia relative to ones in Africa, for geopolitical reasons, even if Tanzania is one of the most politically stable nations on the continent, in contrast to say Mali or Burkina Faso, where coups in 2021 and 2022 continue to weigh on investor sentiment toward gold diggers such as Resolute Mining (RSG) and Endeavour Mining (EDV).
Intriguingly, EQT’s bid for Shanta is the latest in a growing list of merger and acquisition deals in the gold mining industry. Barrick Gold (BAG:NYSE) swallowed up the then FTSE 100 constituent Randgold Resources in 2019, when Newmont snapped up GoldCorp in 2019.
Agnico-Eagle (AEM:NYSE) and Kirkland Lake Gold merged in 2021 and then in 2023 Agnico-Eagle and Pan American Silver (PAAS:TSX) bought and split up Yamana Gold before Newmont pounced on Newcrest.
The New York Stock Exchange’s Arca Gold Bugs index is trading no higher now than it did in November 2003, when the gold price was $390 an ounce.
*Intresting editor’s call out to U.K. stock market to “wake up”.
https://www.dailymail.co.uk/money/mailplus/article-13254937/MIDAS-SHARE-TIPS-Shanta-Gold-mines-rich-seam-exit.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Https://www.londonstockexchange.com/equities-trading/business-days
Https://www.londonstockexchange.com/equities-trading/business-days
Major stock equities in Europe traded higher in the premarket trade on Thursday in anticipation of fresh data on Britain's economic growth, as well as reports on retail sales and the unemployment rate in Germany.
London's FTSE 100 rose 0.20%. The Euro Stoxx 50 grew 0.24%. Frankfurt's DAX was flat. The CAC 40 added 0.12%.
The euro lost 0.11% relative to the greenback, trading at 1.08161. The British pound was down 0.12% against the dollar, selling at 1.26250.
Baha Breaking News (BBN) / AB
Good Friday tomorrow,
markets closed.
Enjoy your Easter y’al 🐣
Major stock equities in Europe traded higher in the premarket trade on Thursday in anticipation of fresh data on Britain's economic growth, as well as reports on retail sales and the unemployment rate in Germany.
London's FTSE 100 rose 0.20%. The Euro Stoxx 50 grew 0.24%. Frankfurt's DAX was flat. The CAC 40 added 0.12%.
The euro lost 0.11% relative to the greenback, trading at 1.08161. The British pound was down 0.12% against the dollar, selling at 1.26250.
Baha Breaking News (BBN) / AB
Gold currently $2198.42
Good Friday tomorrow,
markets closed.
Enjoy your Easter y’al 🐣
Https://www.lse.co.uk/rns/CEY/2023-annual-report-and-sustainability-report-x1tzposh6axsl8u.html
Equities in Europe traded higher in the premarket on Wednesday with the Bank of England's (BoE) latest meeting minutes taking center stage. Investors also await for Spanish inflation data for March.
The DAX increased by 0.10% at 8:01 am CET. At the same time, the FTSE 100 rose 0.22%. The CAC 40 was 0.15% higher while the Eurostoxx 50 added 0.08%.
The euro was flt compared to the dollar to change hands for $1.08319 at 8:02 am CET. The same minute, the pound sterling lost 0.06% against the greenback to go for $1.26199.
Baha Breaking News (BBN) / RR
Happy hump y’al
Equities in Europe traded higher in the premarket on Wednesday with the Bank of England's (BoE) latest meeting minutes taking center stage. Investors also await for Spanish inflation data for March.
The DAX increased by 0.10% at 8:01 am CET. At the same time, the FTSE 100 rose 0.22%. The CAC 40 was 0.15% higher while the Eurostoxx 50 added 0.08%.
The euro was flt compared to the dollar to change hands for $1.08319 at 8:02 am CET. The same minute, the pound sterling lost 0.06% against the greenback to go for $1.26199.
Baha Breaking News (BBN) / RR
Happy hump y’al
Gold currently $2177.48