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So a trouser down moderate spanking for us all again, but the good times might be coming sometime in the who knows when
The open pit has once again shown the mediocre grades are endemic and that the commercial viability of Sukari is very much reliant on the underground workings!
just as well the POG is where it is or the trouser down spanking would have been considerably harder!
Miss?... Could you explain what was the miss or the failure?.... It's not different than what the market expected... No surprise at all... Today's hit should be absorbed as we move towards the dividend
We will soon find out if the market likes or dislikes the lipstick applied to the piggy.
It shows the vulnerability of gold miners trying to keep up with gold. If the physical market can not take miners produced gold then the paper market has messed things up. All about taking physical delivery of what they produce.
Unfortunately it's always a blind gamble just before a scheduled RNS.
Although this time Horgan did temper expectations on the Q&A section of the webcast.
No surprise for me. I suspect ounces were borrowed to meet Q4 target and the same will happen again.
Didn’t expect that if honest
As expected, no surprises,
but still jam tomorrow.
If they do achieve full year guidance and gold price holds we should all be contracting type 2 diabetes from all the promised jam
I thought this might happen with everything leaning to Q4 again. The base line for Centamin is around 102p with this rally up from 93p. Everything above is dependent on the gold price holding and production levels returning. The AISC is still higher than expected. Centamin will take a hit this morning.
Its a shame that the 19,000 couldnt have been sold in Q1 but Q2 should be really good
Lets hope Pog goes back up a bit today to compensate it
Autonomy. Not great but entirely as expected and year is still spot on guidance. Expect a drop as Hoc etc on this albeit expected news and then a v quick recovery so great buying opportunity unless market has this news baked in as they should have. However like Tibbs don’t see the share price falling as suggested here yesterday back to £1 on the news though I think $2000 gold this year is just as likely as $3000 though I hope for the latter so Cey could be £1 later in the year though it could be £2 albeit less panglossian than Tibbs I think the former perhaps likelier but ever hopeful too
Https://www.lse.co.uk/rns/CEY/q1-2024-report-yq4snqk6p99n1rt.html
Not very good at all
Major European stock indexes traded mixed in the premarket session on Thursday, following the release of March inflation data from the Eurozone where prices remained up 2.4%. Meanwhile, in the UK, prices rose by 3.2%. Investors are still digesting this information from the previous day.
At 8:00 am CET, the FTSE 100 rose 0.24% while the DAX lost 0.08% and the CAC 40 went down 0.06%. The Euro Stoxx 50 traded flat.
The euro gained by 0.07% against the dollar at 7:58 am CET, selling for $1.06803. Meanwhile, the pound traded 0.13% higher against the US currency to go for $1.24701 simultaneously.
Baha Breaking News (BBN) / AC
Gold currently $2377.88
“Separately we see the official sector, central banks in the emerging markets in particular, to buy a record amount of gold over the last several years, including over a thousand tons in 2024, which would be the third-highest since 1967,” he said. “We think this physical demand is structural, it is strong, it is driven by a host of factors, and financial demand for gold is only catching up to that.”
https://www.kitco.com/news/article/2024-04-17/citis-most-bullish-forecast-has-become-likely-bank-now-sees-3000-gold-play
Fair comment Mr Bond!
Acohen196, As this is your first post on the LSE forum in it's entirety then possibly you didn't make any posts when holding this stock prior to selling or you have been studying the company on another forum.
With the POG at present levels and the likelihood of it rising towards $3000 this year then the results would have to be pretty dire for the share price to drop back to £1.00!
Likely wishful thinking on your part, or just mischief making then!
Alco perhaps you will share your trading stategy ,so we all benefit.
Thank you in anticipation of your anwer.
Made a nice profit and glad I sold. This will go down to a quid again after the news.
It is very much the same on the TSX
Hi Paul,
As Rebess highlighted at the time there was a reference by Martin Horgan to a possible "soft" first half weighted to H2, so possibly pre warning the market who may have priced some of the potential disappointment in, obviously we retail investors don't have any way of telling?
That said the company must have benefitted from the higher POG so that might compensate for some lower output ?
But that said you may recall that for a while so long back in the past now that Centamin was in the habit of under promising and the over delivering.
So let's hope that that old tactic has been brought back into use, that would be nice!
Otherwise depending on the severity of the bad news it may be a case of few hundred lines of "I promise to do better next time!" or if the results are really off the mark then be prepared for a trouser down bare ar(sed thrashing!
But afterwards if the POG stays strong hopefully the pain will soon fade away as the SP recovers!
Tibbs
Good luck all for tomorrow.
I did my usual bail out before a scheduled RNS but will try to hop in first thing if results are strong.
Been hit before on a not so good RNS, so the fear of the loss is greater than annoyance of missing out on a gain (El Prof), this time. Especially as it's been great profits here in recent times.
I still hope for stella results, it's far easier to gauge and go back in on a rising SP, as opposed to heading back in on a drop.
GLA.
Dear Sotolo,
Read some of Robert Peston's books (BBC Business editor) on what goes on in the big banks and in the markets or listen people from all over the world on the BBC World Service about the hardships caused to communities and indeed the damage caused to our planet brought about by the huge and rapid price fluctuations (or manipulation) caused by placing future buy and sell contacts of all in many cases as yet non-existent and never delivered commodities on the Comex by trading desks .
Whether you call it it manipulation or intended erratic or high speed fluctuation of prices it is a fact and the markets and banks make huge amounts of profit as a result including from panic trading!
So it is certainly not a conspiracy theory it is fact not fiction, open your eyes and don't be afraid to speak up.
Mistakenly, just as I once did most people think that most of the money made by the big players banks is from their trading expertise on the market, yet it isn't, they make far more from the exorbitant fee's and trading costs sometimes charged twice, even more times over on every trade.
Don't be worried about offending Kitco they are a big organisation and will likely welcome my email and they are quite able contact all concerned including me should they so wish.
I have also copied in Andrew Maguire and Centamin.
Lets have a debate on the issue and hear these experts substantiate some of the statement's they put out which in the main are intended to influence the market and investors decisions which aren't always in the retail investors best interests!
Tibbs
Dear Tibbs don’t shoot the messenger, I appreciate newspapers that still report both sides of a story, bulletin boards with different views and that Kitco still does this. I have been reading reports from a number of banks and commentators that have suggested gold is heady and will fall back much as she describes. It is healthy that they do as it means there could be further to go. The market is made up of buyers and sellers, some follow and believe in Maguire, and conspiracy theories others, also here, don’t instead believing in supply and demand, for instance citing increased Chinese buying for the rise. Some think there is insufficient gold and a manipulated price, others look for who is buying and selling and why. I certainly don’t know which way gold will go, nor do pundits. My economic knowledge along with the likes of Gnome etc here believes the financial situation will ultimately push gold higher. So anyway thanks to Kitco for reporting ABN Amro’s report, and maybe write to its authors at the bank not Kitco whose broad reporting is much appreciated by some
17th April 2024
Re https://www.kitco.com/news/article/2024-04-16/abn-amro-maintains-2000-year-end-price-target-even-gold-trades-near-record
Dear Kitco News Team,
I feel that this article is not entirely accurate and may be intended to mislead or cause panic amongst holders of gold and silver bullion.
I am long term investor in gold miner Centamin and a friend of Andrew Maguire a long established and experienced London gold trader.
Andrew has for many years tried to educate investors and make known to a wider audience the price manipulation of precious metals on the Comex market by means of leveraged paper contracts and in view of this I would like to express my absolute disagreement with Georina Beole's statement that there is "No shortage of gold".
Georgina is either misinformed,or for whatever reason attempting to hide the true facts by failing to explain that the price of physical precious metals bullion would be much higher were it not for the suppression brought about by the selling of huge paper contracts by the big players trading desks of as yet non existent gold and silver on the Comex markets.
Like many other investors I hold Kitco and it's journalists in high regard and follow the Kitco channel on a daily basis for what I hoped to be unbiased and truthful gold and silver markets information.
So in view of this and on behalf of many other Kitco followers I would like to challenge Georgina Beole to substantiate her claim that there is a shortage of physical gold bullion in a video debate with Andrew Maguire and any other well informed participants.
Whilst it may be that the price of gold is brought down to nearer $2000 by December by the manipulation achieved by paper gold contracts selling on the Comex it certainly won't be due to any surplus of physical gold bullion!
I shall be copying in Andrew Maguire to this email and also making other investors aware of it on social media and other relevant forums.
I look forward to your response.
Yours Sincerely