Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I think the low dividend is a mark of the new management.
I think if they reach the level of having a few hundred million in the bank they will still be reluctant to hand it out in dividend payments.
Martin Horgan repeatedly mentions m&a, I believe he has foresight to making acquisitions which will lead to Centamin’s share price being circa £3 or £4 and even beyond.
Give the surplus cash to the shareholders is history.
Equities in Europe traded higher in the premarket on Thursday after the Federal Reserve's decision to keep the key interest rate the same propelled the Dow Jones Industrial Average to an all-time high close. Investors also prepared for the Bank of England's (BoE) new monetary policy move and the reports on services and manufacturing in Germany, the Eurozone, and Britain.
The DAX gained 0.95% at 8:00 am CET. At the same time, the FTSE 100 advanced by 0.73%. The CAC 40 increased by 0.95%. The Eurostoxx 50 went up by 1.15%.
The euro grew by 0.14% at 7:58 am CET to sell for $1.09371. Simultaneously, the pound sterling rose by 0.06% to go for $1.27933.
Baha Breaking News (BBN) / JR
World market conditions improving continuously
Equities in Europe traded higher in the premarket on Thursday after the Federal Reserve's decision to keep the key interest rate the same propelled the Dow Jones Industrial Average to an all-time high close. Investors also prepared for the Bank of England's (BoE) new monetary policy move and the reports on services and manufacturing in Germany, the Eurozone, and Britain.
The DAX gained 0.95% at 8:00 am CET. At the same time, the FTSE 100 advanced by 0.73%. The CAC 40 increased by 0.95%. The Eurostoxx 50 went up by 1.15%.
The euro grew by 0.14% at 7:58 am CET to sell for $1.09371. Simultaneously, the pound sterling rose by 0.06% to go for $1.27933.
Baha Breaking News (BBN) / JR
Happy numbers day y’al
We really couldn’t ask for better market conditions in which to announce the 2023 earnings.
Asia and Europe both trading higher plus,
Gold currently $2207.77
The price of spot gold continued to surge, breaking new records and surpassing the $2,200 milestone.
The increase was seemingly affected by the earlier Federal Reserve monetary decision to keep the rates unchanged for the fifth meeting in a row. The optimism was also driven by the Federal Reserve Chairman Jerome Powell who noted that the monetary policy easing could occur "at some point of this year."
Gold rose 0.69% at 6:59 pm ET, going for $2,201.56. At the same time, silver advanced 0.24%, selling for $25.64. Meanwhile, simultaneously, platinum gained 0.30%, going for $912.28, and palladium rose 0.31%, selling at $1,000.02.
Baha Breaking News (BBN) / DD
Currently $2206.91
The price of precious metals grew immediately after the Federal Reserve unveiled its monetary policy decision on Wednesday, with the central bank deciding to hold the rates unchanged for the fifth meeting in a row.
The policymakers appeared to be confident in implementing three rate cuts this year which seemed to increase appetite for safe-haven assets.
Silver gained 1.55% to $25.30 per ounce at 2:07 am ET. At the same time, gold rose 0.78% to sell at $2,175.20 per ounce, palladium jumped 1.27% to $989.00 per ounce, and platinum added 0.58% to go for $901.80 per ounce.
Baha Breaking News (BBN) /
Gold currently $2165.10
United States Federal Reserve's Federal Open Market Committee (FOMC) announced on Wednesday, through a statement, that its members have reached a unanimous decision to keep the federal funds rate at a range of 5.25% to 5.50% for the fifth consecutive time.
The central bank backed its decision by noting a further deceleration in inflation while emphasizing that prices still remain "elevated." Additionally, it stated that the economy experienced growth at a "strong" rate, with robust employment figures and a low rate of unemployment.
The Fed reaffirmed that it will closely monitor and evaluate further information in order to determine the most suitable course of action for monetary policy and added that it does not consider "appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably" to the 2% target.
Baha Breaking News (BBN) / RR
British Chancellor of the Exchequer Jeremy Hunt praised on Wednesday in a statement the latest consumer inflation figures in the country, noting that "the plan is working."
Hunt stressed that inflation not only declined "decisively" but is also seen reaching the 2% goal "within months."
"This sets the scene for better economic conditions which could allow further progress on our ambition to boost growth and make work pay by bringing down national insurance as we work towards abolishing the double tax on work - but only if we can do so without increasing borrowing or cutting funding for public services," Hunt underlined.
Baha Breaking News (BBN) / AY
Major European stock indexes traded mixed in premarket on Wednesday as investors focused on the upcoming reports on German producer prices, British inflation, and European Union construction output. In business, BioNTech SE is expected to release its fourth-quarter financial results later in the day.
The DAX added 0.11% at 8:00 am CET, while the FTSE 100 was flat. At the same time, the CAC 40 dropped 0.29%, and the Euro Stoxx 50 lost 0.26%.
Both the euro traded flat against the dollar at 7:58 am CET, selling for $1.08695. At the same time, the pound fell 0.07% compared to the greenback to go for $1.27126.
Baha Breaking News (BBN) / JJ
Happy hump y’al
Inflation down to 3.4% in February
Consumer prices up 0.3%
Major European stock indexes traded mixed in premarket on Wednesday as investors focused on the upcoming reports on German producer prices, British inflation, and European Union construction output. In business, BioNTech SE is expected to release its fourth-quarter financial results later in the day.
The DAX added 0.11% at 8:00 am CET, while the FTSE 100 was flat. At the same time, the CAC 40 dropped 0.29%, and the Euro Stoxx 50 lost 0.26%.
Both the euro traded flat against the dollar at 7:58 am CET, selling for $1.08695. At the same time, the pound fell 0.07% compared to the greenback to go for $1.27126.
Baha Breaking News (BBN) / JJ
Happy hump y’al
Gold currently $2157.22
Centamin’s 2023 Full Year Results due tomorrow
🤙
ASOS numbers.
Marginal increases Cey holding
Marginal increases Cey holding
Equities in Europe traded lower in the premarket on Tuesday after the newest reports on the Eurozone's economy showed a lower trade surplus in January than in December and no change in its annual inflation rate compared to the preliminary document.
The DAX declined by 0.15% at 7:54 am CET. At the same time, the FTSE 100 dropped by 0.32%. The CAC 40 decreased by 0.15%. The Eurostoxx 50 went down by 0.28%.
The euro fell by 0.06% against the dollar at 7:55 am CET to sell for $1.08665. A minute later, the pound sterling dipped by 0.15% against the United States currency to go for $1.27091.
Baha Breaking News (BBN) / JR
Gold currently $2156.18
Equities in Europe traded lower in the premarket on Tuesday after the newest reports on the Eurozone's economy showed a lower trade surplus in January than in December and no change in its annual inflation rate compared to the preliminary document.
The DAX declined by 0.15% at 7:54 am CET. At the same time, the FTSE 100 dropped by 0.32%. The CAC 40 decreased by 0.15%. The Eurostoxx 50 went down by 0.28%.
The euro fell by 0.06% against the dollar at 7:55 am CET to sell for $1.08665. A minute later, the pound sterling dipped by 0.15% against the United States currency to go for $1.27091.
Baha Breaking News (BBN) / JR
Gold currently $2156.18
The total retail sales of consumer goods for January and February in China landed slightly above analysts' projections, increasing by 5.5% on a yearly basis to reach 8.13 trillion yuan, the country's National Bureau of Statistics (NBS) reported on Monday.
Retail sales of goods were up by 4.6% year-on-year, with catering increasing by 12.5%. In the first two months, the retail sales of services grew by 12.3% on a yearly basis.
Analyzed by different areas, the data for the two-month period showed that retail sales in urban areas reached 7.04 trillion yuan up by 5.5% on a yearly basis, while in rural areas the figure added 5.8% year-on-year to reach 1.08 trillion yuan.
In February, the total retail sales of consumer goods grew by 0.03% compared with that of the previous month.
Baha Breaking News (BBN) / KA
*I was going to post this, this morning but thought it was too high energy, along side my two other posts.
I think Wednesday might be good with the markets reaction to the fed’s move on interest rates. If they cut them that is.
Be good to see a Super Wednesday like last week with another few shorts dropping off.
Gold currently $2148.92
Major stock exchanges in Europe traded mostly higher in the premarket on Monday with investors anticipating the final version of the report on the euro area consumer prices. Another big event that will mark this week is the United States Federal Reserve's monetary policy decision, which will be revealed on March 20.
The DAX was flat at 8:00 am CET. Simultaneously, the Euro Stoxx 50 increased 0.41%, the FTSE 100 gained 0.21%, and the CAC 40 edged up 0.06%.
Both the euro and the pound traded flat against the dollar at 7:59 am CET, going for 1.08881 and 1.27333, respectively.
Baha Breaking News (BBN) / AY
Happy Monday y’al
Allianz Global Investors fund manager Richard Knight has started a ‘small’ position in JD Sports (JD) which he believes is undervalued.
Knight, who runs the £195m Allianz UK Listed Opportunities fund with UK equities chief investment officer Simon Gergel, added the Citywire Elite Companies A-rated sportswear retailer to the portfolio in January having concluded ‘that the business was undervalued for a strong growth record and had significantly improved elements of governance and business complexity over the past few years’.
Shares in the group fell sharply following its trading update in January which showed a weaker-than-expected consumer environment ‘as well as ‘discounting of some Nike products that make up a large proportion of JD’s sales, leading to lower profit expectations’.
‘We think the shares have significantly overreacted and that the business retains a good record of organic growth, including in this more difficult context,’ said Knight.
‘We saw the share price weakness as an opportunity to increase our position at more attractive prices.’
Last week JD Sports shares fell 3.25% to 112.5p, extending their decline this year to nearly 30%.
Economic growth broadened across the UK’s private sector to reach a ten-month high in February, raising hopes that the economy has exited a short-lived recession.
https://www.thetimes.co.uk/article/recession-fears-ease-as-growth-spreads-across-uk-economy-tzcqpc6h6