The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
It might make sense for Barrick to make an early move here. It wouldn't surprise me. - This plan has probably been on the slow-burner for quite some time. - Also, the chess-moves already made, Horgan, fall into place in supporting this logic. - It'll be interesting to see whether/if MARKET picks up on this possibility.
Hi Goldnome
Your P/E comparison between Barrick and Centamin 15/11 is quite revealing. - Indeed a 36% advantage to Barrick. - An excellent metric to use in terms of comparing value. - I think you might be right about the Cetamin takeover target. - The dots join up. Even more so when you consider that they are to work together in close co-operation over the next year in respect of the new licences.
OK - Old news. - Interesting though that they are to work with other participating exploration & mining companies, over the period of 1 year to finalize terms. - 1 YEAR !!!!! - So, don't hold your breath, especially if it's an Egyptian year. - It's going to be some time before we see this news reflected in the SP I feel. -
http://www.barrick.com/English/news/news-details/2021/barrick-secures-egyptian-exploration-licenses/default.aspx
It's funny how Centamin's affairs are still being connected with Endeavour's. - They were the pariah that had the nerve to attempt a takeover of Centamin, ably aided and abetted from the inside. - More to it than meets the eye I'm thinking. - Mind you, it wouldn't be Centamin and it wouldn't be Egypt if there wasn't.- Someone earlier suggested that the worse is now behind Centamin. - I'd wait until after Q3 before venturing such a suggestion. - Q3, the 'Truth' quarter, has yet to play out. - It's when we'll find out whether the fancy icing contained in the narrative, is after all just bullsh*t
Sincere apologies to Mr Bond but I think he will enjoy this.
https://www.youtube.com/watch?v=-wKe5BRFnzw
It's looking like penny-share status (under £1.00) is about to return. -Ftse 250 status still ok. - Hard to believe isn't it? - For all the money in the bank with no debt, unhedged etc. plus paying a decent dividend, nobody wants it. - How is it possible? - Ask the directors who made it so.
Some of the important Q on Q comparison metrics were in negative territory. - This might have had an effect. - Q3 is the vitally important one now. Make ground-up and it will be well received. - Q3 will tell us if there's any bulls**t being spread. - The markets are wise to Centamin's tricks. - Old habits and all that. Difficult to erase the memories. However, pull one out of the Q3 hat and a new perspective may come into play.
Hi Prof - A reasonable summary I think. - The markets are very wary when it comes to Centamin. - Q3 will be the test as it usually is. Q3 results is when it all comes out in the wash. It's truth time, the time when we discover how misleading or otherwis, the forecast has been. - A steady as she goes or better Q3 and it'll help steady the ship I feel . - Not sure whether W Africa is good news or not. - I'll wait for Cowichans appraisal.
Hi Sotolo
Yep Tin helmets and padded-jackets might be the order of the day for tomorrow's news. - It's meant to be like that though isn't it? - Announcement days are usually good-hiding days, where shareholders, not directors, have to bear the pain of director shenanigans.
Hi Red
As I understand it, one of the main aims of Basel 3 is to eliminate the daisy-chain of counter-party risk attached to the leveraged/unallocated-paper-gold contracts. - The threat to the global-banking system is just too great. - I believe it was an initiative created through a meeting of minds among the G20 nations, recognising the risk and the likelihood of another banking failure. - Btw, B3 new-rules apply to all commodities not just precious-metals. - The paper board-game they have been playing has got to come to an end. - They've had a helluva run though. - Apparently, currently, the derivatives market has an exposure of almost $600trillion. - I agree with you that going forward new thinking will be in play that could well embrace gold & silver as you suggest and almost certainly going forward, we will be entering a new crypto-monetary-age. - I hardly ever offer advice, but I would advise making a start in understanding the nuts and bolts of what this will mean.
Hi Halfpenny
Time will tell, but B3 is an imposition against leveraged/ unallocated/derivative gold contracts being used as liquidity. - The new-game in town is a physical delivery-only game. - This should have an impact on physical-gold demand. - However, it's a fair question and we'll have to wait and see. - My own view is that it's bound to have an impact.
Some interesting news.
https://www.youtube.com/watch?v=wJKw9s89IL0
It's going to be a 'blood out of a stone' situation I think to glean any info. re the new contracts. - It's possible and I've speculated on this possibility before, they might be saving it to release with Q2/market update. - If the news isn't so good, using the good news, hopefully, of the new contracts, as a cushion. - We'll see.
Interesting article - Thanks. - Although Centamin can manage nicely without the FUD-guys. - The history/fact speaks for itself and we know of one attempt internally last year by a director to try to trash the SP.