Member Info for RazorsEdge

Current real time quote is $1980.76

Gold is soaring.

Minutes after my last post the new high of the day is:
$1966.95
and live price $1963.04

Where this will land by 8am tomorrow is anyone’s guess.

Spot gold continued to soar and broke the $1,950-mark after having reached its all-time high the day before. As the uncertainties caused by the COVID-19 pandemic continue to mount, investors are turning to the safe-haven asset amid the stock market volatility.

Gold in dollars jumped 0.70% to sell for $1,955.33 per ounce at 7:26 pm ET.

Breaking the News / BU

High of the day $1962.56
Real time live price $1962.11

Interim results August 4th

https://www.centamin.com/investors/financial-calendar/2020

Interim dividend timetable.
This was the interim dividend qualifying and payment dates for 2019,
I imagine the 2020 will be similar.
EX-DIV DATE: 29 August 2019
RECORD DATE: 30 August 2019
LAST DAY FOR CURRENCY ELECTIONS: 6 September 2019
FX RATE DATE: 9 September 2019
PAYMENT DATE: 27 September 2019

Egyptian Exploration Licensing round

EMRA launched an exploration bid round process at the end of Q1 this year for a series of blocks covering the Eastern Desert in Egypt. This process was initially scheduled to close in mid-July but due to circumstances around COVID-19, EMRA extended the first round submission deadline to 15 September 2020. This is the first bid round under the proposed new tax, rent, royalty framework that will be applied to new applications in the country. It is important to note that the terms of the Concession Agreement on our 160km2 Sukari tenement remains unchanged.

Centamin, with the only commercial gold mine in Egypt, believes there is significant untapped gold resources within the Arabian Nubian Shield, and is currently evaluating the opportunities presented by the current bid round. We look forward to updating our stakeholders in due course.

A guess is that a sell around August 4th when the share price is high is a bit of a gamble as there’s no guarantee that the stock will contract enough to make the move worthwhile if the Egyptian government offer Centamin a licence on September 15th which would (as others have said) be a game changer for the company.

Not knowing when it sell to take profit or to hold for even greater profits is a good problem to have, especially when the rest of the market is perishing.
Interesting times.

Hello ElProfessor I’m gonna have to rethink my target, I had 216 based on my entry price but now thanks to Jeffries I have a little more clarity on market expectations and possibilities.
The popping price of gold is the only shaky tooth as it’s unlikely to preform as it has been for much longer.
When all’s said and done Centamin is in a very good place going forward.

JEFFERIES RAISES CENTAMIN PRICE TARGET TO 240 (220) PENCE - 'BUY'

“The perfect storm.”

Hello MrBond46, I have an app that supplies a selection of newspaper headline every morning and I noticed yesterday the headlines are more and more referring to job cuts.

Will gold hold up until next Tuesday when Centamin get their update out.
Here’s hoping

Major stock markets in Europe traded slightly above the flatline premarket with the focus on corporate earnings being released today. Ryanair DAC reported its quarterly revenue tumbled 95% year-over-year to €125.2 million due to the coronavirus, while SAP SE's grew 2% in the same three month period to €6.7 billion.

The FTSE 100 increased 0.11% at 7:30 am CET, while the DAX gained 0.16%.

The euro jumped 0.36% against the greenback at 7:31 am CET to change hands for 1.16982, while the pound rose 0.28% to sell for 1.28297 dollars.

Breaking the News / MD

Major stock markets in Europe traded slightly above the flatline premarket with the focus on corporate earnings being released today. Ryanair DAC reported its quarterly revenue tumbled 95% year-over-year to €125.2 million due to the coronavirus, while SAP SE's grew 2% in the same three month period to €6.7 billion.

The FTSE 100 increased 0.11% at 7:30 am CET, while the DAX gained 0.16%.

The euro jumped 0.36% against the greenback at 7:31 am CET to change hands for 1.16982, while the pound rose 0.28% to sell for 1.28297 dollars.

Breaking the News / MD

Major stock markets in Europe traded slightly above the flatline premarket with the focus on corporate earnings being released today. Ryanair DAC reported its quarterly revenue tumbled 95% year-over-year to €125.2 million due to the coronavirus, while SAP SE's grew 2% in the same three month period to €6.7 billion.

The FTSE 100 increased 0.11% at 7:30 am CET, while the DAX gained 0.16%.

The euro jumped 0.36% against the greenback at 7:31 am CET to change hands for 1.16982, while the pound rose 0.28% to sell for 1.28297 dollars.
Breaking the News / MD

Boohoo plans ‘model factory’ to counter low-pay criticism

Subscription only:

https://www.ft.com/content/3de7b53a-45cd-4fab-95cb-dc6eb69ee3f2

Spot gold hit a new all-time high at $1,923.20 as the coronavirus pandemic is accelerating. With the number of new virus cases rising in most countries, fears of new lockdowns for businesses and travel continued to worry investors.

A potential new round of money printing via central bank interventions from the US Fed, ECB and Asian central banks with more government bond purchases and possible new relief packages influenced sentiment that made gold skyrocket in 2020.

The price of gold was at $1,922.62 per ounce as the precious metal rose 1.08% at 10:25 pm ET.

Breaking the News / CB

At 4AM gold real time currently $1941.85
High of the day $1943.28
The price is jumping.. this quote is old already

https://apple.news/A7jqYLQESQ06EITJiKX03Mw

After extensions

If Centamin closes above 200.00 for the weekend.

Cowichan there’s an air that Centamin is coming of age, albeit at last but at least it seems to be the consensus.

POG: $1893.51

CEY: 199.35

As we enter the final trading hour...
Yehaa y’al!!!

Gold prices in euros soared to an all-time high on Friday as investors turned to the safe-haven asset amid a fall in stock markets on coronavirus concerns and geopolitical tensions.

Coronavirus cases continued to soar in some of the most affected countries, including the United States, where over 4 million people have been infected so far. Meanwhile, tensions between the US and China intensified after Beijing ordered the closure of the American consulate in Chengdu in a tit-for-tat move for the shutting down of its consulate in Houston over spying allegations from Washington.

Gold in euros rose 0.75% to sell for €1,639.75 per ounce at 9:15 am ET. Meanwhile, gold in dollars topped $1,900 for the first time since 2011, nearing its record high of $1,921.25.

Breaking the News / NP

The $1905.28 I posted minutes ago is no longer the high, it now stands at $1906.57

Yehaa!!