The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
A. Sadly UK is not a large part of world car market
B. China is around 40% for all plug ins and 26% for bev’s
C. A marginal difference to demand with similar supply makes. Big difference in price and this is a very large difference in demand even in a growing market
Are you saying Tharisa bought 8.7% Karo for $93.6m, ie at a valuation of over $1 billion, surely I must be reading this quite wrong, please wiser or more financially literate explain it to me and of course Ilja keenly awaiting your wise illumination.
Like your last line justifying putting this social media diatribe on the Centamin investment board. I could answer about US politics, whether Obamacare better than before it etc, but here is not the place and what is the point in the face of the usual u fightable long term cyclical advance of ghastly strong men from Al Khameni in Iran to Putin in Russia Xi in China, Haniyeh of Hamas, Netanyahu, Erdogan, etc etc, all promise what you suggest Trump does, winning wars; logically not all can as even USA found from Vietnam to Iraq. Some of us still champion democracy as best of worst but as you say fewer, you think all this should be good for gold but its price seems more driven by real interest rates that its quick knee jerk reactions to outrages, so maybe gold will be up a bit this year but maybe not the soaring you see from the TV star you appear to champion, late stage Rome boo hoo
Ilja, thanks for your weekly basket figures but please which of these three is most important to us or all equally so as the first seems to be gently descending while the last rising?
SA Cr203 concentrate 40-42%
SA HC FerroChrome 50%
Turkish CrO, lumpy 40-42%
Sorry Langford that posted accidentally as I was doing it. So despite increased ounces and gold price up nearly $200 and aisc down nearly $180 giving an extra $370 approx an ounce, and on more ounces, cash has remained the same year on year presumably with the heavy Capex that was supposed to be through by now?
ounces aisc gold price revenue cash
2023 450k $1,220 $1,983 $892m $153m
2022 440k $1,399 $1,794 $788m $156m
2021 415k $1,211 $1,797 $733m $257m
2020 452k $1,060 $1,766 $828m $310m
Yes indeed Langford. looking a bit further
ounces x1000 aisc gold price revenue millions cash millions
2023 450 $1,220 $1,983 $892 $153
2022 440 $1,399 $1,794 $788 $156
2021 415 $1,211 $1,797 $733 $257
2020 452 $1,060 $1,766 $828 $310
We get 47.5%. The dividend policy is to give a lower share of profits than under Pardy but that is already baked in to our much reduced dividend so with considerably higher profits the dividend should rise, looking forward to Finals. Bought a tiny few more at 92.8 as market really doesn’t seem to get it unless I am missing something. I need a harder look comparing all inc cash to last year
Phew it has been a long wait. Finally decent AISC, decent ounces and decent forward guidance. On these figures and Cey historic PE our share price is well undervalued. Very much looking forward to the market reaction at the finals, and hopefully starting today. Also a dividend recovery.
You may well be right but currently already quite a bit over 10% worldwide and rising which makes a big difference to PGM prices as we see, even if this rises to 20 or 30% likely to make a more considerable difference unless production falls to match. China is a huge dent in the ice market