Member Info for RazorsEdge

“ the dividend was lower than the year before and a long-term legal case in Egypt rumbled on.….”

Seriously I thought the rumbling had come to an end!

I’m not sure how this link will react to posting, my message is there is a long article on Centamin in today’s Daily Telegraph which ends with a HOLD recommendation

https://www.telegraph.co.uk/investing/shares/gold-fails-glitter-metal-producers-can-act-precious-buffer-times/

European stock futures rose on Tuesday after the sentiment in the banking sector worldwide seemingly improved following the recent $3.2 billion takeover of Credit Suisse by UBS Group. Today's session is expected to be marked by the ZEW economic sentiment data due for release later during the day.

Frankfurt's DAX gained 0.54% at 7:04 am CET, while the FTSE 100 in London simultaneously rose 0.20%. The French CAC 40 expanded by 0.57%, while the Eurozone-wide Euro Stoxx 50 climbed by 0.55%.

The euro slipped 0.12% against the dollar to sell for 1.07091 at 7:18 am CET, while the pound declined 0.21% to $1.22522 at the same time.

Baha Breaking News (BBN) / ND

European stock futures rose on Tuesday after the sentiment in the banking sector worldwide seemingly improved following the recent $3.2 billion takeover of Credit Suisse by UBS Group. Today's session is expected to be marked by the ZEW economic sentiment data due for release later during the day.

Frankfurt's DAX gained 0.54% at 7:04 am CET, while the FTSE 100 in London simultaneously rose 0.20%. The French CAC 40 expanded by 0.57%, while the Eurozone-wide Euro Stoxx 50 climbed by 0.55%.

The euro slipped 0.12% against the dollar to sell for 1.07091 at 7:18 am CET, while the pound declined 0.21% to $1.22522 at the same time.

Baha Breaking News (BBN) / ND

https://twitter.com/centaminplc/status/1637729734816587777?s=12

Spot gold went over the $2,000 per ounce mark on Monday for the first time in over 12 months as recession fears continued to grip global markets. Investors opted for the safety that the yellow metal provides even after several major central banks announced action to support global liquidity.

Gold increased by 1.24% to $2,007.92 per ounce at 3:45 am ET today. Silver gained 0.14% and reached $22.57 per ounce at the same time.

Platinum declined 0.57% to $973 per ounce at 3:45 am ET. Palladium decreased by 0.77% to $1,397.94 per ounce a minute later.

Baha Breaking News (BBN) / MS

+0.91% 2001.41

+0.77% 1998.50

2 k 2 day!

Currently + .33% $1990

$10 off $2k

Major European stock indexes were lower in the premarket session on Monday, as investors analyzed the effects of the ongoing banking crisis which includes Swiss financial giant Credit Suisse, as well as last week's monetary decision of the European Central Bank that boosted the interest rate by 50 basis points. The day will see the release of the latest updates on producer prices in Germany and the Buba Monthly Report for the country, as well as the January trade balance for the Eurozone.

Frankfurt's DAX went down 0.33% at 6:50 am CET, while the Euro Stoxx 50 decreased by 0.45%, and the CAC 40 dropped 0.49% at the same time. London's FTSE declined by 0.33% concurrently.

The euro traded 0.08% higher against the dollar at 7:14 am CET to change hands for 1.06741, while the pound sterling was flat against the greenback, to sell at $1.21832 and $1. respectively at 7:59 am CET.

Baha Breaking News (BBN) / MX

Happy Monday y’al

Just closing at $1983.27 +3.32%

*Typo

Just closing at $983.27 +3.32%

Unreal

Gold and silver climbed further on Friday, with the price of yellow metal hitting its highest point since April last year as banking sector turmoil seemingly pushed investors toward safe-haven assets.

Concerns over the health of the United States economy grew further after the SVB Financial Group, the parent company of Silicon Valley Bank, filed for bankruptcy.

Gold surged 2.14% to sell at $1,960.92 per ounce at 11:12 am ET. Silver jumped 2.39% to go at $22.20 per ounce.

Baha Breaking News (BBN) / AB

Equities in Europe traded higher on Friday after the European Central Bank (ECB) cut its projections for inflation in the next few years, predicting it would average 5.3% in 2023. Additionally, ECB President Christine Lagarde expressed her belief the Eurozone's economy will recover in the following months and insisted the area's banking sector is resilient enough to withstand the ongoing global instability.

The DAX rose by 0.48% at 7:13 am CET. At the same time, the FTSE 100 increased by 0.61%. The CAC 40 went up by 0.70%. The Eurostoxx 50 advanced by 0.67%.

The euro grew by 0.35% against the dollar to sell for $1.06474 at 7:32 am CET. At that minute, the pound sterling gained 0.39% against the greenback to change hands for $1.21558.

Baha Breaking News (BBN) / JR

Happy Friday and St. Patrick’s day y’al
Enjoy your weekend.

Equities in Europe traded higher on Friday after the European Central Bank (ECB) cut its projections for inflation in the next few years, predicting it would average 5.3% in 2023. Additionally, ECB President Christine Lagarde expressed her belief the Eurozone's economy will recover in the following months and insisted the area's banking sector is resilient enough to withstand the ongoing global instability.

The DAX rose by 0.48% at 7:13 am CET. At the same time, the FTSE 100 increased by 0.61%. The CAC 40 went up by 0.70%. The Eurostoxx 50 advanced by 0.67%.

The euro grew by 0.35% against the dollar to sell for $1.06474 at 7:32 am CET. At that minute, the pound sterling gained 0.39% against the greenback to change hands for $1.21558.

Baha Breaking News (BBN) / JR

Gold currently + .64% at $1931.73
Seriously, the same price as prior to Cey’s fall lasterday!
(my daughters word)
Happy Friday and St. Patrick’s day y’al
Enjoy your weekend.

Liberum has suspended coverage of gold miner Centamin (CEY) as the dividend outlook appears shaky.

Analyst Yuen Low placed his ‘buy’ recommendation and target price of 119p ‘under review’ after the group cut its full year dividend by 44% despite maintaining output guidance. The shares softened 5.2%, or 5.6p, to 101.5p on Thursday.

Low said full-year 2022 production was 1% lower than the previous year, while earnings were in line and net profit slightly ahead by 4%. However, earnings per share were down 56%, leading to the steep cut in the dividend.

‘The balance sheet remains very strong, and the final divi was in-line,’ said Low. ‘However, unlike in 2021 and 2022, there does not appear to be a committed minimum dividend for 2023. We temporarily suspend our rating and target price while we review our post-full-year 2022 forecasts

https://www.investorschronicle.co.uk/news/2023/03/16/centamin-eyes-500-000oz-production-return/

Companies roundup: Retailers underwhelm and Centamin beats guidance

https://www.investorschronicle.co.uk/news/2023/03/16/companies-roundup-retailers-underwhelm-and-centamin-beats-guidance/

Daily Mail: The boss of Endeavour Mining saw his pay more than halve last year but still took home nearly £9m.

https://www.dailymail.co.uk/money/markets/article-11869625/Endeavour-mining-boss-saw-pay-halved-year-9m.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Rebess are lurking?

MrBond Fresnello was down 5% at the same time Cey was down 8% and Gold had dropped from $1930 to $1910’ish at the same time …. So I think this more than likely the cause.

Tornadotony as for my wife’s hair, her boyfriend has been looking after it for years…

Still fair play to you for doing the right thing.