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Intresting comment. Here is another from my travels in Eastern coast USA. Waiters on $2.50 per hour, and so rely on tips to try to survive. Many of the cities seem to have a dead heart, Ricmond in Virginia being the latest wehave just visited.
Shoppers notably missing from shops..of course its all onine. Oudated tired infrastructure. Very hard to see anything close to productivity. Most productive partof the US seems to be the snake oil salemen in Wall Street, the Insurance gamers, and of course the health industry selling whatever flavour drug for whatever ailment you think you have got. Sad days watching the demise of another empire.
As for the strength of the US$, it gets it stength from a belief system that is fractured and by it being the default global currency (but this exorbitant privilege wont and should not last)
Go gold, and go CEY.
When its go deeper, the AISC goes up as you have a larger stripping ratio. That menas you have to take our more on-ore than ore by larger amounts...the AISC for CEY is not that shabby cosnidering the depth, and the correction in place...
Posted 14 July, 2022. 09:00
In Q1’22, all-in sustaining costs (AISC) increased by 9% q-o-q to reach US$1,232/oz – their highest level on record back to 2012. This was primarily driven by inflation of miners’ local input costs such a diesel prices, electricity tariffs, wage rates and consumable prices. This was exacerbated by a 4% q-o-q drop in average head grades1, which fell to 1.35g/t,..
Lets have some more sensible coparative commentary, CEY are not in a bad place...
the Gnome
Tibbles. Please add someone new.
Of course this will rise if economic indicators or inflation, gold and so on.
Outside of stable RNS, these are the only call in town.
Steve,
You must realise that this is'nt going anywhere soon because it's hobbled by the grossly inflated AISC and loss of market confidence!
If the directors don't have enough faith in their strategy to make some substantial share purchases then possibly things aren't going as well as they claim !
Unfortunately they misled shareholders and mismanaged the mine for far too long in the past, so the market remains suspicious
Hardley lucrative until the AISC falls by at last 30% and the managements predicted and sustained guidance is delivered!
Prices of precious metals rose on Wednesday after United States business data activity landed at a six-month low. Gold's safe haven properties and the possibility of worse-than-expected data leading the Federal Reserve to reconsider the current monetary policy stance supposedly led to increased demand for the yellow metal.
Gold increased by 1% to $1,916.44 per ounce at 10 am ET. Silver gained 3.35% and reached $24.20 per ounce at the same time. Platinum advanced 1.66% to $940.19 per ounce at 10:01 am ET. Palladium climbed up 2.02% to $1,276.22 per ounce concurrently.
Baha Breaking News (BBN) / MS
On another note Hoc share price used to be around 30 or 40% higher than Cey, it made a good trade between the two as the gap rose and fell until badly hit by politics. The day this resolved and the Inmaculada mining permit was finally given back a couple of weeks ago I switched a bit of Cey to Hoc. Today Hoc share price finally justsurpassed Cey and Iwould expect it to get to about 25%more
We all know the AISC is higher because the new management are doing a great job of repositioning Centamin for a lucrative future. Bargain basement prices for Centamin. I flipped 83p-89p which nicely covered the tranche tied up at 97. The old management have left the building Tibbs. Good times ahead.
On repeat again tibbles...
Fair comments Mr Bond,
However this also demonstrates that with the POG over$1900 the share price still remains in the penny share bucket because of the exorbitant AISC and the loss market confidence generally!
In hindsight possibly Biden's comments may seem inappropriate given the circumstances but may have been made likely as a friendly gesture to to a sniffer handler regarding the need for the sniffer dogs boot's.
But some of the media seem to have purposely whipped them up out of context to try a create some sort of political scandal.
https://www.pbs.org/newshour/politics/watch-biden-says-government-will-help-maui-for-as-long-as-it-takes-in-fire-recovery
Also the markets in general impact CEY.
Map the last 28days of CEY with gold, and major indices on a twice daily data point.
This is why I NEVER want a market crash. Also, history has showed us how badly gold and everything performs at during it.
Major European markets traded higher in Wednesday's premarket session as investors await a fresh batch of economic data. Eurozone consumer confidence data will be released today, as well as composite services PMIs from the UK and Germany.
The DAX gained 0.27% at 8:01 am CET, while the CAC 40 added 0.06%, and the FTSE 100 rose 0.42%. The pan-European Euro Stoxx 50 inched up 0.31%.
The euro improved by 0.14% against the dollar at 8:02 am CET, selling for $1.08613. The pound grew by 0.15% to go for $1.27510 simultaneously.
Baha Breaking News (BBN) / JG
Happy hump y’al
*Ex-dividend date August 31st
Payment date September 29th
Gold currently + .29% $1903.00
Biden's speech in Maui has probably ended any Democrat in supporting him to run as President in 2024 with any luck He has offended the people of Maui and Hawaii. He has probably lost any remaining respect he may have held within his party across all the other States . It is a significant moment of disgrace that he thought that the loss of so much life was something to joke about. Whatever disgrace was already arising at the office of presidency has sunk to a new depth. The American election has two political parties with individuals probably unfit to serve in that role.
The dollar deserves to sink tonight as the country is served at the top with those who have no brain and no shame. What has happened is worse than a drunk businessmen who buys a blind horse.
Hi RazorsEdge.
Todays figures show clearly show how Gold Price affects miners and share prices.
Of course it affects buyers.
But still this week its to early to predict anything after until the FEDs next utterances.
But thanks for the info.
I was under the impression bought and sold volumes (& values) of securities always match.
Certainly , is trading securities any different than trading apples? Imagine a farmer stand selling $ 500 worth of apples today , but somehow the customers ended up paying $800 . Was it some indication of apple demand outstripping supply ? Or maybe the tip jar?
Or conversely the farmer sold $800 worth of apples but the customers paid $500 . What happened? That's called pilfering - neither of which happens on a securities exchange.
Trades 703
Vol. Sold 522,783
Sold Value £448.13k
Vol. Bought 1,527,474
Bought Value £1.32m
In the meantime the USA consumers have drawn down $1.8 Trillion in savings over the last year and another $300B getting pulled is apparently the start of trouble (two months away) in the USA banking system. At the moment eyes are on China and Russian banks on what is happening, but EU banks, UK and USA are not far behind.
We do not want the FED joining the party (I missed the word WANT out by accident).
We do not the FED joining the party on bond yields.
This will drive gold lower, a negative impact on equities and so a double whammy negative for CEY.
Worth a read for the explanation.
https://www.marketwatch.com/story/treasury-yields-are-surging-as-investors-seek-insight-on-a-crucial-monetary-policy-concept-f932d658?mod=mw_quote_news
I remain on the counter optimistic side- inflation dropping, FED able to cur sooner than many suggest.
As always, time will tell...
Correct Tony- like I’ve been posting for a while, in line with many PMs alas. Inflation, inflation, inflation. Jackson Hole this week, Powell speaks Friday…
Hi Robbren,
Cant speak for Cowichan , but as a shareholder myself I think these questions need answering , failure to do so will not rebuild market confidence!
Thank you Cowichan,
This question needs answering by the Centamin management!
Centamin pull back is in line with ETF activity and the extreme selling of UK listed precious metal miners. Many of them have fallen to levels of fire sale valuations of the value of ore they have in the ground and not recognising they have a functional mine. The distortion on the miners was placing the gold price somewhere around $1750 per ounce. The miners have been oversold to absurd levels. This is probably hedge funds trying to tree shake out private investor positions.
Next week Centamin holders should qualify for a 1.5p dividend. We may need to endure some volatility in the coming weeks. At some point, the extreme levels of fiscal spending in USA government and debt issuance will be a concern as already expressed by Fitch in which the USA government and wall street is currently in denial. Eventually the only buyer of USA Treasuries of long duration may be the FED. A statement from BRICs can be expected during the week.
European stock exchanges were mostly higher in the premarket hours on Tuesday as investors braced for the manufacturing PMI reports in the euro area and Germany slated for release on August 23.
The day before, the Federal Statistical Office revealed that producer inflation in Germany declined by 6% in July.
At 8:00 am CET, the DAX climbed 0.47%. The Euro Stoxx 50 rose 0.60%. The CAC 40 added 0.18%. London's FTSE 100 dipped 0.09%. A minute later, the euro was up 0.12% against the dollar, selling at 1.09105, while the pound sterling gained 0.15% versus the greenback, changing hands at 1.27745.
Baha Breaking News (BBN) / AB
Cowichan
Without me reading your previous posts can i ask, Do you actually own shares in CEY.