Member Info for Somnamna

Thanks MrBond, I will keep that in mind.

I am thinking of Falmouth and the surrounding area, but Very much at the exploration stage at the moment.

I am flexiblebles as location because after 25 years living and working abroadI I retired in 2023 and will relocate from Thailand on a "snow bird basis" .

The rise is gold price is really good, only downside is the worsening USD to GBP exchange rate.

I am looking to sell half my holding to buy a house in Cornwall, so it's a question of timing.

First quarter results soon?

Barhut don't forget the usd / gbp exchange rate, the movement in this has also an adverse effect.

Michael, I have been following with horror the difficulties members here have been having with Barclays, it is nothing short of disgraceful.

I was in Barclays some years ago but decided torationalise my trading accounts so closed Barclays and kept my ii account. In hindsight it seems to be a good decision.

Short of escalting it futher by radical actions and to put added pressure on Barclays have you thought of opening an ii account and ask them to transfer the AU shares to your new ii account.

This really needs sorting soonest. Possible complications as to dividend payment are unthinkable.

Holders of ordinary shares on the New York Stock Exchange (NYSE)

Ex-dividend on NYSE Friday, 14 March, 2025

Record date Friday, 14 March, 2025

Payment date Friday, 28 March, 2025

The dividend is 69 US cents per share

If I read it correctly the 2024 gold figures only include 40k ounces from Centamin. So if the gold price holds 2025 should be a bumper year.

AngloGold Ashanti delivers nine-fold increase in 2024 free cash flow* to $942m versus prior year; Adjusted EBITDA* +93% year-on-year and H2 dividend growth of 263% to 69 US cents per share; total cash costs* +4% for FY2024, below group inflation.AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) delivered significant year-on-year gains in earnings and free cash flow* in 2024,following continued focus on cost control and the year’s strongest gold production period from its managed operations(2)(3)(4)in Q4 2024.Higher revenues were reflected in significantly stronger cash flow and earnings in a year where costs rose by less than half the inflation rate formanaged operations, and the Company focused on active management of working capital.Free cash flow* rose to $942m in 2024, up from $109m in 2023. Adjusted earnings before interest, tax, depreciation and amortisation (“AdjustedEBITDA*”) rose 93% to $2.747bn, from $1.420bn in 2023."The significant growth in free cash flow* -- to almost a billion dollars in 2024 — is a result of our focus on continued operational and efficiencyimprovements, which in turn have allowed us to capture the benefit of a healthy gold price,”CEO Alberto Calderon said.“With the business receivingappropriate investment and the balance sheet at its strongest position in well over a decade, we’re able to pass on those benefits to shareholders in amore generous dividend policy.”Headline earnings(5)of $954m, or221US cents per share for 2024, compared to a headline loss(5)of $46m, or 11 US cents per share for 2023. Theaverage gold price received per ounce* for the group rose 24% to $2,394/oz in 2024 from $1,930/oz in 2023.New Dividend Policy Improves CompetitivenessAs a result of improved operational fundamentals, a robust balance sheet, and increased confidence in the Company’s outlook, the Company’s Boardof Directors has approved a revised dividend policy aimed at delivering enhanced and sustainable shareholder returns. Under the new policy,AngloGold Ashanti will target a 50% payout of free cash flow, where free cash flow is defined as operating cash flow less capital expenditure ofmanaged operations, subject to maintaining an adjusted net debt to adjusted EBITDA ratio of 1.0 times. Additionally, the revised policy introduces abase dividend of $0.50 per share per annum, payable in quarterly increments of $0.125 per share. This base dividend represents the minimum payout,ensuring a stable return to shareholders even through commodity price cycles. This enhanced policy reflects the Company’s commitment to strongcapital discipline, financial resilience, and delivering long-term value to shareholders, while providing greater predictability and downside protection invarying market conditions.An interim dividend of $347m, or 69 US cents per share, was declared for the second half. This takes the total payout for 2024 to $439m, or91 US cents per share.The new policy is an important part

Waiting for the wonder Paul.

Last line of the first para should read USD to / from my ii account

Hi Spot, ii allow links to bank accounts, so I opened a USD account with HSBC and use that for USD deposits and withdrawals to / from my USD HSBC account.

Then WISE for currency exchange with my bank accounts.

Sorry but I don't know if ii allow direct transfers of USD to / from WISE.

Also sorry but I don't have any knowledge or experience of ISAs.

I opened a USD account with a leading high street bank and withdraw / add to my ii share trading account in USD. For USD to GBP conversions and vice versa I use WISE. This method can result in big savings on currency exchange.

A big day coming on Wednesday 19th February when Anglogold Ashanti are due to publish their 2024 full year results.

For those who didn't sell CEY at the AU takeover, the equivalent AU -> CEY SP on 10-Feb-25 has just hit GBP 2.00.

Cash part 06-Dec-24 USD 0.125 x 0.7942 0.10

SP 10-Feb-25 USD 33.610 x 0.8090 x 0.0698 1.90

Total in GBP 2.00

Good news indeed but it saddens me to see that if Horgan had not done a "Gordon Brown" and sold out early, CEY share price would be soaring well above GBP 2 and it would be generating dividends like a demnted ATM cash machine.

Gordon Brown (Labour government) will go down in history for selling out nearly half of the United Kingdom's gold reserves at a time when gold prices were near a multi-decade lowat a ridiculously low average price of USD 275 an ounce.

Horgan has done similar with Centamin. The timing of his underhand sale of Centamin to Ashanti Gold was a kick in the teeth for CEY investors and mainly benfited AU, Horgan and the CEY directors. The sale process appeared to be an underhand secret process, didn't seek other buyers in an open sale and ignored maximisation of CEY value through its extensive concessions and upcoming projects.

AngloGold Asghanti will publish its 2023 full year report on 19-Feb-2025 ,

I was thinking similar, sell some before the ex-dividend date.

I need some funds for a house purchase so it could fit well.

Although the way gold price is continuing to rise it may be worth holding on.

I need to be more focussed "steve Jones style".

AngloGold Asghanti will publish its 2023 full year report on 19-Feb-2025 , ignoring tax aspects for Brits, it will be very interesting to see how much the dividend payment will be.

AngloGold Ashanti Policy

AngloGold Ashanti’s dividend policy allows the board to declare a semi-annual dividend based on 20 percent of the free cash flow generated by the business for that financial year, before taking into account non-sustaining capital expenditure, subject to applicable laws required to be complied with before a dividend may be declared by the board. The dividend policy and the quantum of any dividend are subject to the board’s discretion.

Free Cash Flow in Previous Years

In 2023 FCF was $109m(1)

In 2022 FCF was $657m (2)

(1) Excludes corporate restructuring costs of $314m

(2) Includes Kibali legacy cash flow of $460m

Dividend in Previous Years

13-Sep-24 USD 0.22 yield 1.34%

28-Mar-24 USD 0.19 yield 0.96%

18-sep-23 USD 0.03 yield 1.01%

10-Apr-23 USD 0.14 yield 1.89%

19-Sep-22 USD 0.23 yield 2.25%

04-Apr-22 USD 0.12 yield 0.67%

Data from 2023 FY report and Investing.com

Yes it is indeed lovely to see the price rise.

Although I do wonder what we would have been seeing if despicable Horgan and his bunch of bandits had not sold CEY. The rise in gold price would have been very good for CEY share price and dividends.

Any thoughts on the amount of the upcoming dividend?

The Anglo Ashanti shares appeared on my ii account yesterday (Wednesday) so this will be my last post on the CEY board and I will make the move to the Anglo Ashanti board.

Thanks and best wishes to all contributors it has been a long journey together.

It is shame to be turned over by Horgan and the other directors and not to continue the journey as Centamin.

Although in hindsight (they say hindsight is 20/20 vision) there were significant red flags that his intention was to sell and not develop Centamin, including bringing on board a stockbroking company, failure to push forward meaningfully with EDX and failure to develop other alternatives to the takeover that occurred.

Anyway best wishes and good luck to you all.

I hope Tibbs is well and enjoying fish and chips in Cornwall.

Still no shares but I received this reply from ii.

We have received the new AngloGold Ashanti plc shares resulting from the Scheme of Arrangement with Centamin Plc, we are currently in the process of reconciling and depositing the shares with our International Custodian. We appreciate that this process is taking longer than expected and working towards completing this as soon as possible."