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Hi Tibbs
You cannot ignore the US and feel that there economy will suffer. With the technology industrial strength and population driven by greed and motivation for profit .If you differ you are going to hell in a basket. China overburdened by debt, Russia leached of tax funds by Oligarchs and based upon corruption at every level .Get real and face the facts Tibbs. The 2nd most boasted army in the world cannot overcome a population one third its size Busted and exposed reality. Laughable.
Bob
7 Apr 2023
In this week’s Live from the Vault, Andrew Maguire follows the avalanche of sanctioned de-dollarisation moves triggered by the pivotal meeting between Xi Jinping and Putin, accelerating the implementation of a gold-based currency.
The London wholesaler comments on the global uprising of numerous countries joining forces to establish a more equitable, multipolar monetary system - all of which is increasingly leaving the US economy in the rear-view mirror.
https://www.youtube.com/watch?v=iBMgYjfhEyI
So what's so special the relationship between USA and the UK?
The USA doesn't really care a jot about the UK!
In the 1930's, during the Great Depression, the US military drew up plans for a possible war with the British Empire, code named, War Plan Red. US forces planned to invade Canada, advancing on Toronto, Ottawa and Halifax in the east, Winnipeg in the centre and Vancouver in the west. The opening stages of the invasion would involve an amphibious assault on the port of Halifax, which would be vital in preventing British forces from landing and reinforcing the Canadians. Likewise, Vancouver on the Pacific Coast had to be taken to prevent British and dominion forces from India and Australia
The color coded war-plans were military operations created by the United States after World War 1 for possible conflicts against threats around the world. The greatest viewed threat to the United States was Great Britain and her Empire, and two war-plans were created that included Great Britain, Plan Red, and Plan Red-Orange. Red Orange envisioned the Anglo-Japanese alliance being in effect, but after the expiration of the alliance in 1924, and the failures of keeping Japan in the League of Nations, Only Plan Red seemed feasible. The plan called for pushing the British out of Canada, the Caribbean, and the whole western Hemisphere, causing the empire to fall apart at the seems. But with WW2 looming, and the un-desire by the national leaders for an Anglo-American war, the plan was shelved. But for the sake of Alternate history, let us look at how Operation Red could have played out if it actually occurred. However unlikely it would be.
https://althistory.fandom.com/wiki/War_Plan_Red
https://www.politico.com/magazine/story/2018/06/21/that-time-the-us-almost-went-to-war-with-canada-218881/
https://www.reddit.com/r/HistoryWhatIf/comments/47jh0r/what_if_war_plan_red_actually_happened/
MrBond
Ther US Military investors are certainly havng a few best shots , so to speak
1. Russia on the Ukraine
2. China on the Taiwan issues
3. Israel is always a good bet as usual, plenty going on, as usual
There is a lot to like about Lyn Aldens analysis. Not all right, but more right than wrong.
Some interesting comments on us$, gold, and stable coins. Once the broad community loses trust in such institutions as Central Banks and "popularity" governments , and in such entities as the US$, then it is hard to rebuild the trust in the ways that have failed us. The move to gold by the central banks is one to watch...we know India, and Chinas view on gold, and these are the leaders in the new world.
https://www.youtube.com/watch?v=5ymdNmNd1KM
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/
I wonder whether the US ever asks itself what sort of country it might be with out the massive military machinery expenditures, some of the hopeless wars it gets itself into time and again that fail each time, and yet no one seems to learn, or at least those in power dont learn.
https://www.youtube.com/watch?v=sxvjsbQ85tQ
More interesting commentary, and I certainly dont believe all of this. I dont think Ray understands the Chinese mindset...gets close though
https://www.youtube.com/watch?v=8lOVRWng_eU
go gold
the gnome
Of course that would divert the attention from the true state of their nation.
You are right Mr Tibbles.
Think of it this way,the US has to protect the Dollar, and that means ,whatever it takes.
I just hope they dont push for another war , of course ,not in the US.
I am sure they will try,keeps their most valuable exports flowing.
Weapons and munitions of course that will be paid for and not their generosity.
Hi Mr Bond,
I wonder "New job creation" or "New job manipulation", that's the thing!
https://www.thearmchairtrader.com/us-non-farm-payroll-surprise-analysis/
Could this help our SP? I hope so as I'm still in the red here and need a bit higher SP. :-)
https://www.proactiveinvestors.co.uk/companies/news/1010435/newmont-newcrest-and-the-reasons-to-be-upbeat-on-gold-miners-1010435.html
Data shows CREATION of 236 K ,6000 more than expected.
I would notexpect that to change anything for now, but we will wait till Tuesday to be sure
https://twitter.com/centaminplc/status/1644311734369366016?s=61&t=wPRUR5w_YhDaiuhBs7gRKQ
Stayed surpisingly high today,the last trading day of this week,
Normally a sell of by day traders.
Enjoy your Easter break everyone.
Thats why Im hoping gold stays at this price or higher-----and AISC come down. Ie more profit for the same amount of gold out of the ground.
Paul one of the wonders of Centamin is a large proportion of profit has been paid out in the dividend rather than being invested in more holes, however the management have said that the dividend will now become a reduced amount of profit and I imagine continue to fall until profits are substantially higher
Also agreed Dasut, thank you for your thoughts on these issues!
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