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This is an absolute ****-take. POG pretty much stable over the last couple of days and CEY has 7p slashed off the price yesterday and today, today even first thing in the morning with barely any trading. On what basis?! Joke.
Below is the response to my email I got from Kelsey Traynor of Buchanan:-
Many thanks for your email to Centamin. We work with Alex regarding investor relations matters and are writing on her and Centamin’s behalf.
The Company has no control over the share price. Board and management are committed to delivering the plan set in place and will be updating the market in March with the financial results. The Company has made various updates to the market in terms of newsflow over the past few months; the Board and management team have worked hard to provide a strategy and plan via the LOM, as well as detail on the West Wall update in order to reassure shareholders.
In December, management provided a thorough update of strategic priorities, long-term vision and 3 year outlook in the capital markets webcast on the 2 December (see here.) This included the Life of Asset Review which outlined the short-term planning cycle to a long term, life of mine plan. It also recommended US$35m as the 2020 final dividend, bringing the total dividend for 2020 to US$104 million as the Company continues to be committed to shareholder returns; it has a strong balance sheet, clear visibility on the near and medium capital expenditure requirements and expects to generate significant cash flow at market consensus gold prices.
In January, the Company announced its Q4 report (see here) and an accompanying webcast https://www.centamin.com/investors/presentations-webcasts/ which will give you some more information and particularly for Stage 4 West Wall update.
With regards to the licences, the bidding round results, which included the likes Centamin, B2Gold, Barrick and La Mancha, have not been revealed as those negotiations are ongoing. The Company will update shareholders as soon as details are confirmed and they can release publicly the results.
Please do let me know if you have any further questions.
Kind regards,
Kelsey
https://twitter.com/Abingdon_Health/status/1275458311094071298
"More news coming tomorrow"
Is it design freeze news tomorrow?
Answered.
https://www.zerohedge.com/commodities/why-gold
Haven't finished building a stake yet though, so please no gaps up in the morning.
Nice post, Piper.
https://www.bbc.co.uk/news/health-52662066
"One in 400 people in England has coronavirus, tests suggest"
So, if I understood it correctly, the idea is to use the humanised mice to recreate the set of COVID-19 antibodies from the survived human patients and to clone the antibodies into drugs, therapeutic compounds etc. This is a Nobel Prize stuff if it works, ladies and gentlemen.
"Any CEO and majority share holder would prolong as long as possible and/or include as much Info as legally possible to Any placement in order to secure the best price possible, that is what leads me to conclude that positive news is not on the cards in the term"
It is just not how it works at all. You raise it when you need to fund your operations ideally at the time of the spike. So here (1) they clearly have something they need this money for and (2) they timed it to perfection achieving the placing at the price which is only a fraction lower that what it was trading at this and last week (even higher if you look at some of the days last week). Look, for example, what they think about the GDR's placing - now that was a horrible one, if you ask me. The timing of RNSs, the price achieved - completely upside down. HEMO shows you how to do an almost perfect placing. And this, in theory, should be followed by news and juicy updates, not the vice versa.
Exactly, in these risky times you would have subscriptions for 7p shares only when the subscribers are certain they can make a very hefty return on investment, certainly not a mere profit of 2-3p on a share.
Very good analysis of today's trading, Piper.
JCEP - thanks for the info, very interesting. I would have thought that ODX would still stand from the crowd as we are not working or treatment/vaccine but on the post-pandemia testing to allow a return to normal life. But it certainly does make sense and I have seen very subdued mood in the Covid sector today.
Exactly. But however you look at there needs to be at least one RNS from L G, so I don't understand how Morning Star could say L G are completely out. Sorry for the tone, that was completely uncalled for, hard day:(
You need RNS when you cross 5%, it is that simple, mate. And they did not have 5%, they had 7.75% according to their last RNS. So there should be a lot of RNSs before "they don't need one".
No, that's bull. Last RNS they were 7.75%. And it is also bull that "under 5% RNS is not needed".
How can morning star know without an RNS?
It says "RTC/M". What does M stands for? Mologic?
And?
Agree, I was also struck by the minor improvements in the duration of symptoms, and, more importantly, mortality rate which went down to 8% vs. 11.6% of the placebo group. It is obviously good and welcome news but hardly an all-round cure.