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Centerra Gold Inc. (CG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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10.03+0.28 (+2.87%)
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  • S
    Skippy00823
    The highly esteemed author of "Rich Dad, Poor Dad", Robert Kiyosaki, is predicting a major stock market correction. He is recommending the purchase of "hard assets" such as precious metals, real estate, etc.
  • S
    Skippy00823
    Today is a very strong day for gold and silver. The miners are having a good day too. The dollar is slightly lower.
  • S
    Skippy00823
    Gold continues to hold the 1800 level. This is surprising given the negative effects of Covid throughout the world especially Asia. Also this is really the slow period concerning the demand for gold in India.
  • C
    Cracklesnapper the TC loser
    So, Crackle read today a goat herder swimmer won his heat at Tokyo Olympics. Crackle assume he been practicing his swimming in the CG tailings dam at the herder's newly mine formerly called "Kumtor" but now recently renamed "The People's Super Good Yellow Brick Factory Place".

    Anyway, Crackle has obtained footage of goat herder's swimmer practicing for big day:
  • C
    Cracklesnapper the TC loser
    So, the dispicable thieving goat herders threw a "concert" at Kumtor recetly to celebrate both something called "Metallurgist Day" and also to celebrate successful theft of gold mine (in other news it announced gold exports by herders was down 3.8 tons versus same time last year but that another story) .

    Anyway, Crackle has obtained footage of the celebration:

    Concert held at Kumtor mine on Metallurgist Day

    On the professional holiday — Metallurgist Day, July 18, 2021, a concert for employees and contractors of the company with the participation of Kyrgyz celebrities was held at the Kumtor mine. Press service of the company reports.

    The festive event with observance of all sanitary and preventive rules was organized at the initiative of Kumtor Gold Company management.

    «Mine is a second home for miners, and it should be a beautiful and comfortable space since they spend half of their time here. The congratulatory message on behalf of Tengiz Bolturuk, Temporary External Manager of the company, says that it is the mining and metallurgical industry that has been and remains essential for stability and the foundation of Kyrgyz economy, a place of work and a source of prosperity for the families of miners. At the same time, it was noted that the employees of Kumtor have strategic goals ahead, such as implementation of projects: underground mining project and gold recovery from the tailings,» the press release says.

    «I’m confident that with many years’ of experience and high engineering potential of KGC employees, we will achieve success. This will extend the life of mine and ensure an environmental friendliness,» Tengiz Bolturuk said.

    People’s Artist of the Kyrgyz Republic Gulnur Satylganova, Honored Artists Yriskeldi Osmonkulov, Zhyldyz Osmonalieva, Aktan Isabayev, as well as a soloist of the Kyrgyz National Philharmonic Hall Aksay Mukambet have participated in the concert. They performed favorite and timeless compositions and new pieces of music.

    «After each performance, Kumtor employees applauded the artists, expressing their admiration and gratitude for their visit. Employees of Kumtor mine also thanked Kumtor Gold Company management for organizing a wonderful concert,» the press service noted.
  • S
    Skippy00823
    Today, on CNBC, Jim Cramer said the U.S. oil producers are going flood the market. He feels oil has reached its high and will start to decline in the coming months.
  • C
    Cracklesnapper the TC loser
    So Crackle notice the thieving goat herder mouth-breathers have been quiet recently. Crackle not see bragging about all the gold they scooping up and millions (no, billions) being made at the new mine they just built, called Kumtor.

    Crackle thinks there reason for silence. These cavemen and losing money and not digging up the tons and tons of gold from tailings dump (and under glacier) they promised their uneducated and gullible population.

    Crackle did see news about them making several million dollar less this quarter than same quarter last year (when the evil but competent Canadians were running things).

    Oh well, maybe goat herders can covert Kumtor mine to Wuhan flu recovery center.
  • C
    Cracklesnapper the TC loser
    So Molybdenum at over $18 per pound. Can anyone tell Crackle why CG is not getting its moly mines back in production mode? This profitable price point and outlook all to upside with infrastructure spending on horizon. CG muckety mucks, if you listening, company could use the good headline.
  • S
    Skippy00823
    A few days ago, Bart Dolev? of TD Securities said gold will probably recover much of its recent losses this year. His optimism is twofold. On the supply side, he said there would be continued supply disallocations with some miners. With demand, investment and industrial applications will continue to be strong according to him.
  • S
    Skippy00823
    Two weeks ago, BTG started legal action in the international arbitration court against the Mali government concerning the permitting of a gold mine. Does it sound familiar?
  • S
    Skippy00823
    The Cecile/. . . . . . and other guy board . . . . . . . Oh boy. Lol.
  • S
    Skippy00823
    The demand for gold and silver coinsbars continues to be quite robust. If the price of gold and silver declines 5%, the demand for gold and silver could increase even more.
  • S
    Skippy00823
    Will Rhind of GraniteShares said during a Kitco interview that investors in gold and silver are not paying enough attention to inflation. He expects gold to be at 2000 sometime this year.
  • C
    Cracklesnapper the TC loser
    https://www.globenewswire.com/news-release/2021/07/07/2259492/0/en/Centerra-Gold-Brings-Additional-Claims-in-Arbitration-Against-the-Kyrgyz-Republic-and-Names-Kyrgyzaltyn-JSC-as-a-Co-Respondent-over-Seizure-of-the-Kumtor-Mine.html

    So, Crackle read tonight CG adding claims to its arbitration against the thieving government and its co-conspirator Krygyzltan company (the gold buying monopoly controlled by the herders and named shareholder of the 77million CG shares). CG argue (correctly) that Kyrgyzltan company nothing more than arm of herder govt and acted against CG as part of scheme with govt. That all 100% accurate.

    Anyway, Crackle see this as good strategy, and telling, because remember to have those 77 million shares become subject to claw back as damages to CG, it must be proven to arbitrator that Kyrgyzltan company and herder govt are one and the same.

    Another miner tried to argue that years ago to get to CG shares held by Kyrgyzltan, and lost because dummy Canadian judge rule company and herder govt were separate entity. So, CG need to show collusion to get around that.
  • S
    Skippy00823
    While some people may question my post's relevancy to precious metals and miners in general, Ethiopia's newly built dam on the Nile River again demonstrates the fact that third world countries are going to utilize their resources irrespective of the effects on other nations and/or signed agreements. This could be the decade of significant illegal appropriations of resourses (mines) by third world countries.
  • S
    Skippy00823
    Well, it's an enormous relief to have Francois back on this MB. He's the one who has difficulty writing complete sentences, makes ridiculous predictions, seems to be somewhat forgetful, and writes that I'm "pumping" CG. I've made it crystal clear that I, no longer, have a position in CG. So there is no logical reason for me to "pump" CG stock. In fact, virtually all of my posts have been related to the price of gold, silver, and miners. So I have no idea to what Francois is referring. I doubt if he knows himself.
  • S
    Skippy00823
    Wolfe Zhao, noted cryptocurrency writer and analyst, recently wrote that Bitcoin miners are fleeing China in panic. The Chinese government is cracking down on Bitcoin miners even arresting some of them for minor offenses. Zhao expects Bitcoin will decline 20% or more because of this. If you will remember India outlawed Bitcoin 3-4 months ago. Bitcoin is dying. Lol.
  • U
    Ultra
    Tight supply, consumer demand push molybdenum prices to 10-year highs
    Metal Bulletin
    Charlotte Radford
    June 10, 2021 22:21 GMT
    London

    Excerpt:

    Ferro-molybdenum and molybdic oxide have traded at more than 10-year highs in Europe this week following a new wave of inquiries and fresh concern over availability.

    Fastmarkets’ price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam rose to $38.25-41.50 per kg on Wednesday June 9. Prices are up by 41.42% compared with the beginning of May, and material is trading at its highest since May 2011.

    Fastmarkets assessed the price for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam at $16.50-17.60 per lb on June 9, up 46.60% from the beginning of May.

    ==========================================================================================

    Scotty Perry STILL can't produce molybdenum........maybe now they sell the moly assets to someone who can.
  • S
    Skippy00823
    Effective 6/28/21, European banks will have to conform to the requirements as outlined in Basel III according to Sylvia Carrasco during a Kitco interview. Previously European banks were permitted to hold 35% of their gold holdings in an allocated account which was physically held by them. The other 65% of their could traded to third parties in unallocated accounts. That will no longer be the case. Under Basel III, European banks will now be required to have 85% of its unallocated gold accounts held in an "allocated" accounts whereby the physical gold must be directly held by them. Only a third of European banks will be required adopt Basel III requirements on 6/28/21. But by 1/1/22, all European and U.K. banks will be required to comply with Basel III. And this will be significant according to Ms. Carrasco since these banks will need to purchase more gold. She expects gold to be around 2100 at a minimum by years end.
  • S
    Skippy00823
    The dollar early today showed some strength. It eroded as the day went on. Lol.