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And hopefully the price doubles....back to our all time high
And then we have more growth through development
And then I woke up-but after 10 plus years it would be nice to be rewarded
You accuse previous management of artificially inflating the share price, misleading shareholders, creating a pyramid scheme & numerous other ridiculous claims & that got the share price to a bit shy of 2.50 which you consider to be a sham created by management, the El Raghy family & whoever else you add to your conspiracy theory.
After ranting about the above in the next breath you say that the share price should be double the amount you consider to be a fraud - you trap yourself with your baseless ramblings Mr T.
Instead of utilising the opinions of unidentified Cornish miners why don’t you attempt to back up your 5 pound target with some real analysis detailing the production levels, costs, etc. that would be required to achieve it - I would like to see that!
Most people on this board will be sensible and not let any of the posts affect their investment decisions - however there is an unavoidable risk that some will be foolish & actually pay some heed to the posts, it is irresponsible for you to make such baseless & unsubstantiated price targets - you may be accused of engaging in fraudulent ramping activities!
Horgan also has M&A ambitions. A two-edged blade if ever there was one.
Equities in Europe traded higher in the premarket on Friday ahead of a series of fresh economic reports, which include those on consumer confidence in the Eurozone and a preliminary one on inflation, factory orders in Germany, and house prices in the United Kingdom.
The DAX grew by 0.53% at 7:00 am CET. At the same time, the FTSE 100 rose by 0.30%. The CAC 40 gained 0.56%.
Both the euro and the pound sterling stood flat against the dollar at 7:19 am CET to sell for $1.05188 and $1.19160, respectively.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend.
Some of the facts
The national USA debt ($31.33 T) is the total amount of outstanding borrowing by the U.S. Federal Government accumulated over the nation's history... (most of it inthe last 10 or so years!!!)
INTRAGOVERNMENT DEBT
Intragovernmental holdings totaled more than $6.82 trillion in October 2022.
Why would the government owe money to itself? Because some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. These agencies then invest in U.S. Treasurys rather than stick this cash under a giant mattress!
Social Security trusts, including the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, held $2.75 trillion in Treasurys as of August 2022. The next largest agency was the Military Retirement Fund at $1.18 trillion.
PUBLIC OWNED DEBT
The public holds over $24.29 trillion of the national debt.1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.
The Treasury breaks down who holds how much of the public debt in a quarterly Treasury bulletin. Foreign and international investors held over $7.6 trillion, according to its September 2022 bulletin, which included data through March 2022. State and local governments held $1.45 trillion and mutual funds had $3.26 trillion.
The national debt held by the public is not only in Treasury bills, notes, and bonds. It's also in Treasury Inflation-Protected Securities and special state and local government series securities.
RECAP. So in 1971 the US Govt defaulted on the exchange of gold for US$, because they had spent more than they earnt. The euphemistic way of explaining this, was that the strength of a countries currency was directly related to the stength of its economy...and of course this meant the US$ was a paramount in the world currencies, as the US Economy was the strongest...a MOST EXORBITANT PRIVILEGE #2 for the good ol USA. BUT IN REALITY THE THE US DEFAULTED ON ITS DEBT AND CURRENCY OBLIGATIONS BY CHANGING THE RULES AND USING LOVELY LANGUAGE...
And what happens when the US Govt finds out it cannot pay for all of the military niceties, or its social obligations ... it just prints more money and on the show goes...
Poor old Bernie Madoff went to jail for this sort of caper?
Good luck with your fiats, dont get caught holding them ... you know which way their value is going, and that is down, down down.
GO GOLD
best
the Gnome
Well Prince Harry's new book was outed in Spain (thank goodness it was not the French!? could be another war, LOL) and lots of other frivolities designed to enlighten us, happening.
I like the way Ray Dalio composites data and his views (not all), and for those interested in history of debt, and the lessons learned (he presents a good lot of graphics and info which allows one to draw their own conclusions)
https://www.bridgewater.com/big-debt-crises/principles-for-navigating-big-debt-crises-by-ray-dalio.pdf
and for those who like a more condensed version in video form
https://www.youtube.com/watch?v=xguam0TKMw8
Free useful facts and information, what is the world coming to!!!
We do have to talk about Harry though?
best
the gnome
Far more pros than cons.
If no more than production back to pre open pit re wall caos, then even that would show a huge improvement.
Pros
5) Doropo PFS bankable and gets green light.
6) Promising results from ABC
7) New underground Fleet provides excellent availability and reliable continuity of production.
8) Strong underground production improves grades
9) As waste removal opens up the pit, ore deposits exposed.
10) Consistent quarterly figures inline or better than forecast.
11) Company gains credibility with the market
12) Court Case find in favour of Centamin
I've bought and held, made 40% + dividend it's not to be sniffed at. Not sure all the traders of centimin have done that well, and they have had to be on it every day.
Positives
1) Bonanza grade zone entering production, how many ounces for how long?
2) Sukari satellite orebody feedstock, how many ounces for how long?
3) New deposits discovered on new concessions (obviously depends on when they start drilling!) If a new deposit is found, probably minimum 5 years to drill out and build a mill
4) gold price outperforms
Negative
1) AISC keeps rising due to lower grades/less ore than expected
2) Doropo building costs much more than previously forecast/project gets mothballed
3) Black Swan event - Sukari exploitation license threatened, processing plant failure, underground disaster, consumables become difficult to source
4) zero premium buyout
5) gold price underperforms
Please feel free to add to the list and/or comment what will be the result of such events.
One thing is clear - trading Centamin along with the moves of gold (if you can time it!) has worked better than holding for the 'growth & diversification' story that just never seems to materialize.
The 52-week high/low is the highest and lowest price at which a security, such as a stock, has traded during the time period that equates to one year.
Key Takeaways
The 52-week high/low is the highest and lowest price at which a security has traded during the time period that equates to one year and is viewed as a technical indicator.
The 52-week high/low is based on the daily closing price for the security.
Typically, the 52-week high represents a resistance level, while the 52-week low is a support level that traders can use to trigger trading decisions.
Understanding the 52-Week High/Low
https://www.investopedia.com/terms/1/52weekhighlow.asp
The trend is your friend :))
meets the "52-Week High and Momentum Investing" strategy (THOMAS J. GEORGE and CHUAN-YANG HWANG).
Good luck Tony.
I managed to take some over at AAZ around their lows.
I have banked 5/6th of my holding for 23% profit since March 2021. Matches with UK inflation. Letting the rest run and grateful for what I have got. RSI daily at 77 and stochastics running hot on 100. AAZ now catching a decent bid, but Shanta getting precious little for some reason. Assuming new mine comes on in time Shanta is on a 45% growth path. Whatever decisions others make I wish you the best of luck. I will be writing less on the CEY Board. Tony
Old resistance has now become support
This looks like it's heading to much higher levels over the coming weeks/months.
I think we'll be hitting this 120/121 resistance for a while unfortunately. Hope I'm wrong
Spoonington,
If you had been a member of this board for longer then you would realise that the £5 share price was part of a general discussion based on the opinion of of an old experienced Cornish miner. who knows where the share price would be now if Sukari had been managed and operated properly as it is now.
As to who is telling lies , well you obviously weren't party to what Pardey stated on the web chat phone ins and where the share price has been languishing for over three years with the huge cost of the Sukari clear up is testament to if shareholders were being told the truth or not!
Kees Dekker mining analyst flagged up concerns to the articles of 2015 & 2018 , Pardey stated that Kees had based his conclusions on flawed evidence and tried to get the article pulled, Kees offered to reconsider his evaluations if Pardey cared to supply what he claimed was the correct data, Pardey then ceased all dialogue with Kees and carried on denying what has subsequently be proven to be true, the Sukari mine wasn't being run properly!
Momentum building nicely on the chart and the macros do indeed set up the scenario for something of a breakout rally throughout 2023.
Hi Dan, love the 'we demand more' sentiment but think you're being a bit harsh?
The simple moving average of the London fix for Q4 was $1730 and the price realised usually comes in a touch below this number - hence my guess of $1721 for Q4 sales.
Also Horgan went to some length to stress they boosted production in Q3 to give themselves an easier run in Q4 and still expected to hit mid-guidance for FY22 - implying production around 114,000oz for the last quarter.
You can't seriously be accusing the management of corruption if these sort of numbers come in?
Well we are in interesting times
1. The USA is printing another trillion or 2 us$, and no one seems to care? BUthe chickens will come home to roost
2. The world is now out of love with Crypto
3. The Central Banks have yet again shown their ineptness
4. Political leaders are shown to be not up to the job, most have never had a job.
5. Uncertainty is now the order of the day
6. There are more disparate opinions than you can poke a stick at
The old reliable keeps shining and smiling at us, and I am happy to be in CEY
good luck to us all
The Gold Gnome
Spoonington, absolutely right.
Equities in Europe traded lower in the premarket on Thursday ahead of the freshest reports on Germany's trade balance, the United Kingdom's services and manufacturing sectors, and the euro area's producer prices. The markets also reacted to the United States Federal Reserve speaking against cuts in interest rates and in favor of new rises in 2023.
The DAX traded 0.23% lower at 8:04 am CET. The FTSE 100 fell by 0.12% at 8:00 am CET. At the same time, the CAC 40 dipped by 0.08%. The Euro Stoxx 50 declined by 0.13% at 8:01 am CET.
The euro stood flat against the dollar at 7:58 am CET to sell for $1.06058. At that minute, the pound sterling lost 0.27% to the US currency to change hands for $1.20256.
Baha Breaking News (BBN) / JR
Repeating baseless lies over & over again will not make them true Mr T!
As for 5 pound a share, your valuation methodologies are clearly as fanciful as your other meanderings but I wish you all the best in reaching your rather lofty price target :)