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Agreed Paul, the BOD either do well or very well, lets hope we soon enjoy the latter!
Common sense prevails !
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al Saud (pictured left) and his Iranian counterpart Hossein Amir-Abdollahian (pictured right) signed an agreement on Thursday that will allow flights between the two countries to resume and enable issuing visas to citizens.
According to the joint statement, the China-brokered agreement also includes arrangements for the reopening of the two embassies and consulates as well as the resumption of visits by officials and private sector delegations.
The two Middle Eastern nations' top officials met in Beijing for the first time, just weeks after the two countries agreed to normalize bilateral relations.
Baha Breaking News (BBN) /
Not a bad headline, perhaps others will follow.
Yes its annoying that the BOD have been getting shares even though they were there through the High grading and wall times.
Ive said before, for now, I'm ok with the share price staying steady around this price but hope the dividends start to pick up. If the price of gold holds around this level and AISC stay the same or start to come down, this should enable a bigger dividend, all things being equal.
Then Im hoping that things improve with the waste shifting, access to be able to mine more gold and costs to come down.
Rebess I thoroughly agree and whilst I have no issues with incentive bonuses I am strongly against bonuses regardless of performance. I am sure there are team members who are deserving but as far as I am concerned none of the BOD should receive a bonus until we see the mine back to mining and not mining and extraordinary muck shifting. Back to an AISC that isn't suffering from high costs relating to playing catch up.
I don't see any significant improvement to the SP until the waste contract finishes and we will also imo see a hit after 20th April results even though we have been pre warned of the "plant servicing" affecting production ounces in the first quarter.
I am confident that once the waste contract finishes the only way is up and I would also hope that Doropo gets the green light very soon, with ABC following quickly afterwards because we need to get away from abnormal hits to SP for normal scheduled "servicing", due to being a single mining operation.
European stock equities traded mixed in the premarket hours on Thursday, as investors awaited a slew of data releases ahead of the opening bell.
Market participants will receive updates on the industrial output in Germany, Britain's housing market and construction PMI, while keeping a careful eye on job reports released across the Atlantic after recent data revealed that the US economy has begun to slow.
The Euro Stoxx 50 fell 0.13%, while London's FTSE 100 added 0.06%. Frankfurt's DAX and the CAC 40 were flat at 7:16 am ET.
The euro was trading at $1.08917 against the dollar, down 0.14% at 7:24 am CET. At the same time, the British pound slipped 0.14% versus the greenback, going for $1.24440.
Baha Breaking News (BBN) / AB
Last trading day of this week.
Happy Easter y’al
Bank of America lifts gold forecast by 10pc to $US2200 an ounce
Apr 6, 2023 – 5.00am
As the peak for interest rates comes into view, Bank of America is forecasting that the price of gold will rise to $US2200 an ounce in the fourth quarter. It previously had gold at $US2000 in the December quarter.
Bank of America previously said it expected gold to rally this year, “driven by a view that central banks have no silver bullet in bringing inflation under control (e.g. energy prices or supply chain disruptions cannot be directly influenced by monetary authorities).
“A re-acceleration of China’s economy should push aluminium and copper up into year-end,” BofA said. Bloomberg
“This remains our core view and we see scope for gold to move higher once the end of the hiking cycle is reached.”
BofA said gold’s move on the banking crisis proved fleeting because Credit Suisse’s collapse came after near two decades of struggle and “the problems with regional US banks were heavily influenced by a lack of oversight”.
“As such, while we acknowledge the recent issues, they are not indicative of a wider banking crisis, in our view.”
In a metals note, BofA’s commodities team said it was updating forecasts for most metals “mostly marking to market prices” after China’s faster reopening pulled forward rallies the bank expected later in the year.
“Indeed, a re-acceleration of China’s economy should push aluminium and copper up into year-end,” the team said. However, “we are making more aggressive calls on nickel (bearish), iron ore (bullish), coal (cautious) and lithium (bearish)”.
Hi Rebess, it explains the recent RNS notification ORDINARY SHARE LISTING APPLICATION
The Company wishes to advise that under the terms of the Company's shareholder approved incentive plans shares are required, in the ordinary course of business, to satisfy awards that are due to vest to participants in 2023.
1,982,000 ordinary shares of no par value .
Currently $2031.90
High of the day $2032.04
The gold market kept its daily gains on weaker data, finishing Tuesday's session up nearly 2% on the day — well above the $2,000 an ounce level.
https://www.kitco.com/news/2023-04-04/Gold-price-keeps-daily-gains-trades-well-above-2-000-on-weaker-data.html
European stock indexes were mixed in premarket trading on Wednesday as investors awaited services PMI figures from the continent, as well as the report on German factory orders.
The Euro Stoxx 50 lost 0.22% at 7:36 am CET, the DAX was down 0.09% and the CAC 40 declined 0.19%, while the FTSE 100 rose 0.08% at the same time.
The euro traded flat compared to the dollar to sell for 1.09518 at 7:37 am CET and the pound lost 0.16% against the greenback to go for 1.24810 at the same time.
Baha Breaking News (BBN) / NP
Happy hump y’al
Gnome, my wife is Chinese & accordingly I have a large Chinese family (larger than my gui-lo/gui-po family), I can tell you from anecdotal evidence that the Chinese ban on Australia wine exports to China actually hurt Chinese people as much as Australian people as buying Australian vineyards was very prevalent in the wealthier Chinese community. They are liked mainly for investment purposes, buying citizenship purposes & also to get money out of China/yuan into other currency denominated investments.
The central government is currently clamping down on the movement of funds out of China so it is not as easy as it was a couple of years ago but the appetite remains strong particularly for agricultural/farming properties (many are not aware that their exists significant agricultural knowledge & talent in China). If we decide it is a good idea to sell them the properties there are a lot of Chinese who will be more than happy to accomodate us :)
Thanks GOLDGNOME , I read Annas post post earlier, and you are right about china and india.
Good night from here ,keep well.
Central bank gold buying update: 2023 sees the strongest start to a year in more than a decade
Anna Golubova
Tuesday April 04, 2023 16:10
(Kitco News) The gold market continued to receive support from central banks as countries kept adding gold to their reserves in February, marking the strongest start to the year since at least 2010, according to the latest data released by the World Gold Council (WGC).
Global gold reserves increased by 52 tonnes in February, rising for the 11th month in a row, the WGC said Tuesday. In January, central banks bought 74 tonnes of gold. And that follows record levels of last year, with 1,136 tonnes purchased.
Year-to-date, central banks' net purchases stand at 125 tonnes. "This is the strongest start to a year back to at least 2010 – when central banks became net buyers on an annual basis," said WGC's senior analyst Krishan Gopaul.
Interesting to see China, wo is the worlds largest gold producer, continue to buy gold strongly. India and China will lead the world financially very soon, if they dont already. Our stats in Oz are so poor they do not reliably show the amount of Chinese ownership of Mining, Agriculture, infrastructure, and services. Not to mention our wineries, some household names
https://buyausmag.com.au/41-australian-vineyards-owned-by-chinese-firms/
the gnome
Alas so, which is why it’s a stock to trade not hold. I’ve lost count of the number of times I’ve hear if gold hits… then profit will be… and sp will be… it NEVER works like this… the only certainty is the director keep get well paid irrespective of the SP performance which simply baffles me
Gold at almost all time highs, yet CEY SP languishing down not too far of its bottom, with its piggy-bank bust-open as well for good-measure. Well done directors, you are fully deserving of the share largesse coming your way very soon. - Of course it's never done anything else.
Taking it's time for the SP to react
Oh my word- back from golf- go gold, more importantly go CEY :-)
The price of yellow metal broke over $2,000 on Tuesday, reaching its one-year high following the release of data on the United States' labor market, which showed a large drop in US job openings.
Gold jumped 1.62% to go for $2,016.40 per ounce at 10:16 am ET, hitting its highest level since March last year.
Silver surged 2.73%, selling at $24.64 per ounce at the same time. Platinum gained 1.84% to $1,011.91 per ounce and palladium rose 0.86% to go for $1,464.13 per ounce.
Baha Breaking News (BBN) / AB
New daily high $2024.95
..have a feeling $2000/oz level is becoming a new floor for POG.
Toady bad U.S. JOLTs Job Openings is important because this data was one of the last bullish data supporting a strong USD imo....
Finger crossed for tomorrow U.S. ADP Nonfarm Employment Change and Thursday U.S. Initial Jobless Claims
Create Alert.
But imv today number are already setting POG for new hights..
Moron
110 hear we come!!
$1645…..
$2005.39 New high