The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This isnt your personal brain fart copy and paste blogg. Stick with news about the company and relevant information.
Whatever Chris Pattern's age , he is very knowledge and experienced and he must be applauded for having the courage to broach a thorny issue of the results of the way the general public were lied to and misled by Boris Johnson, Jacob Rees Mogg, Michael Gove and Nigel Farrage over Brexit which all of whom along with their cronies have profited from!
Unfortunately in the UK unlike other countries all too often we do not value the knowledge and experience of our more mature members of society as much as many other countries do .
The mess our present government is in is partly because it is arrogant and inexperienced
GDP measures the size of economies, in this case regional economies, but not all of the income produced is claimed by people in those regions. For example, people that live overseas can make investments in London, and then claim income from them.
That means that GDP per person measures the wealth of regions, and Eurostat says it does not “measure the income ultimately available to private households of a region” - i.e. how "rich" or "poor" they are .
Also, when producing the figures, Eurostat adjusts GDP for price differences between countries, so you can compare the economic activity of different regions, regardless of their price levels. But this amount is set at a national level, so doesn’t account for the fact that price levels in some regions may differ from other regions within the same country (London is a much more expensive place to live than the rest of the UK, for instance).
So some regions with price levels lower than the national average may appear poorer than they actually are, and vice-versa.
The analysis compares the UK regions against nearby countries
The Inequality Briefing poster compared UK regions to other regions in “northern Europe”. Specifically that’s regions in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Luxembourg, the Netherlands and Sweden.
The analysis also excludes overseas territories (such as some of France’s overseas territories in the Caribbean which would otherwise be included in the bottom ten).
Inequality Briefing say they chose those countries as they’re economically similar and nearby.
What you include in “northern Europe” is subjective but, for instance, the UN includes the Baltic nations (Estonia, Latvia and Lithuania) in the category of “northern Europe”. All these countries would be in the bottom 10 regions for GDP per capita, if included. The UN also includes countries not covered by the EU data, like Iceland, in northern Europe and exclude countries including Germany and France (they’re in “Western Europe”).
Going beyond northern Europe to other high-income EU countries, Spain and Italy have regions with lower GDP per person than the poorest UK regions.
This map shows how GDP per person varies across the EU, the more red a region is the further below the EU average it is in terms of GDP per person, the more green it is, the further above the EU average.
Wealth across the EU
GDP per person as a percentage of EU average (purchasing power standard)
I hear from a reliable source and Centamin shareholder that fti have been invited to have a look at this forum to get some understanding of the disillusionment, low moral, lack of faith that promises will be delivered on time that is prevalent amongst Centamin retail shareholders.
I understand that there has been no reply or response from either the company or fti which may indicate that fti are possibly not that familiar with the challenges of trying to operate country a with over bloated bureaucracy and a self-perpetuating judicial system, or the real reasons why Sukari over the past 3 years has become so expensive to operate!
It may of course be that this is all part of an agenda to try and forget or hide the past irresponsible senior managements behaviour and bad mining practice at Sukari?
Or possibly neither Centamin or fti really care about us and are more concerned with other agendas?
Meanwhile Germany slips into Recession and Italy has the same debt to GDP as Eritrea.
How does the UK’s GDP growth compare to the G7?
10 February 2023
What was claimed
The UK economy recorded the fastest growth in the G7.
This is true when comparing the growth in annual GDP between 2022 and 2021. However, when comparing quarter-on-quarter growth in 2022, the UK is among worst-performing in the G7.
https://fullfact.org/economy/uk-gdp-growth-g7-february-2023/
https://commonslibrary.parliament.uk/research-briefings/sn02784/
Getting sick of you, more like .
Sadly I agree Tibbs.
FTI Consulting was chosen because Mr Horgan can count on his old FTI friend Ben Brewerton to spin the narrative in whichever way suits the moment. Mr Horgan sold Resolute Mining a falsely trumped up mine (Toro) that quickly deteriorated into a money pit. Mr Brewerton sold the faulty deal as he's paid to do so.
From FTI bio page on Mr Brewerton:
"Ben joined FTI Consulting in 2006 and has spent over 25 years as a strategic communications advisor. Since 2004, he has focused on the energy and natural resources sector, where he has extensive initial public offering (IPO) and merger and acquisition experience.
Ben's current clients include Seplat Petroleum, Topaz Marine, Quadrise Fuels, Toro Gold, ACWA Power and Simec Atlantis Energy..."
continues here: https://www.fticonsulting.com/experts/ben-brewerton
PS
MrBond , please save your derogatory comment - yes, Jesus loves you - but even he's getting tired
Centamins senior managenment team Alexandra, just so it is clear.
A profesional .
Spot gold declined 1.25% to $1,953.13 per ounce at 2:29 pm ET after the latest jobs report from the United States showed an increase in nonfarm employment of 339,000. However, the unemployment rate increased by 0.3 percentage points to 3.7%.
US Treasury yields increased seemingly rose as a result of the latest figures, affecting the appeal of precious metals that bear no interest.
Silver fell 0.99% to land at $23.65 per ounce at 2:32 pm ET. Platinum lost 0.31% to $1,006.02 per ounce at 2:33 pm ET. Meanwhile, palladium advanced 1.63% to $1,403.52 per ounce concurrently.
Baha Breaking News (BBN) / MS
head of corperate and investor relations alexander barter c****.
I am very suspicious of the rationale for changing to this company and convinced that it is a case of the "Old pals act" and certainly not to improve comminations or accountability with shareholders, quite the contrary!
I realise that there has been some criticism of Buchanan in the past, but to be fair they were working to their clients company remit and did have a much better understanding of how things work in Eygpt and indeed mining.
fti will certainly be more expensive and I fear will provide little if anything that will benefit shareholders , a bad move which does note bode well for us shareholders best interests!
I hope I am proven wrong but I have a horrible feeling that this is all part of a company strategy to deny retail shareholders access to the true facts!
Chris Patten was wheeled out on Question Time last night and displayed all the lucidity to be expected from a 79 year-old Europhile. At the start of a diatribe on, you guessed it, Brexit, the Chancellor of Oxford University came up with some dubious claims. He first had this to say about Britain’s GDP per Capita:
“Our GDP per capita now… is lower for heaven’s sake than Lithuania”.
It sounds questionable… because it’s not true.
According to the IMF’s 2023 forecast, Britain’s GDP per Capita (at purchasing power parity) is $56,471, Lithuania’s sat on $49,266. Britain’s nominal GDP was forecast at $46,371; and Lithuania’s was $28,094. A mere 40% lower…
Chris’s confusion didn’t end there, as he then took a leaf out of the Keir Starmer playbook to talk down Britain’s prosperity relative to Poland:
“The poorest 20% in Britain are poorer than the poorest 20% in Poland”.
Guido isn’t quite sure where Chris found this figure, although data from theFinancial Times, extending to 2021, showed this couldn’t be further from the truth. British households are better off than their Polish counterparts across every percentile.
“The truth is we’re in one hell of a mess. Our GDP per capita now is less than not only France, Germany, the Netherlands, it’s lower than Ireland.
“It’s lower for heaven’s sake than Lithuania. The poorest 20% in Britain are poorer than the poorest 20% in Poland. That is not the sign of a country which has things going for it.”
Lord Patten
Larry Summers, the former US treasury secretary said Britain is in a much worse position than others!
https://uk.yahoo.com/news/ex-tory-minister-chris-patten-034517773.html
$3 Billion In Gold Delivered Off COMEX
https://www.youtube.com/watch?v=0wEC7vWhA38
I'm out and waiting... been trading it as normal earlier in the week but not easy with the small movements. Need my predicted accelerated inflation drop and ensuing FED reaction; and/or news on CEY via RNS- for me next data drop 13th June... data today not great, and a bit confusing to say the least.
Enjoy the sun and have a good weekend all.
Angelis
I am 95% off Centamin and have been since 109p area. The 4 hourly chart has the top at 101.1p. I agree with Citi view that the FED have got to hike rates as additional data is suggesting an uptick in the economy despite less borrowing. As for the bottom of the chart I was wrong it is 98.6p on the daily. So I stand corrected on that one.
Theres always an excuse to sell comex paper and thus falsely lower the physical market.
Asian countries will jump at the opportunty ,to buy in the dip.
Low estimates for Chinese physical holdings were mentioned by Andrew Macguire on episode 125,
Get ready for it ,60 tonnes minimum.
They really mean business in a fiancial war.
And not started selling US dollars and US GOV stocks.
US made a huge mistake weaponising the $, The hedmon starting to be ignored.
Have an enjoyable weekend all.
I think the markets are relieved by the debt ceiling decision, short term, its still a sideways market.
Its not on 98.6 on the hourly, its at 100. You gauging things on the hourly chart tells me you are a day trader looking for cheap entry levels.
Not as simple as that that- wages not up, unemployment up, hence marke5s responding positively-
Bottom of the daily down channel on 1 hr chart now at 98.6p. NFP data along with other positive surprises implies the need for USA FED to hike rates in June. If they don't they undermine their own policy arrangement of responding to the data. A sudden change would undermine confidence in the FED further than it already is. The FED has put itself in a corner. Centamin more likely to retreat especially if gold stock ETFs head downwards.
The underreported decision of the People’s Bank of China to start preparing its 1.4 billion citizens for opting out of the dollar and into gold, explaining how this will impact the gold’s supply, demand and price.
https://www.youtube.com/watch?v=Y3ShvsPcgFs&t=15s
Yes well worth warching.
Episode 125.