We chatted to IronRidge Resources' CEO Vincent Mascolo who explains why the company has become a lithium explorer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks Mr T. I just don’t know which way gold will go just now, and I don’t think anyone does, these are very unusual financial times. However if it falls another 20%, as it has since Aug in sterling, then we would be loss making, if it rises back 20% we would be making very good profits. Either way the company definitely should not give up, nor us holders who should be realistic that we might have to wait a couple of years for the mining to improve for this to come good. Or much sooner if gold turns back up. And Thanks Steve Jones for the kitco link, tho even more depressing than me, suggesting $1600 next week, but an eventual recovery. - $1600 gold would see Cey back in the 70’s I guess but I very much hope not.
A final thought when I am totally gloomy the market usually turns, proving me quite wrong, maybe I am not gloomy enough yet
So, where is entry point/floor. 95p?
I am sure you are right Mr Tibbles.
But if seen as a big threat will end up castigated.
Good to hear from you, yes indeed it's been a long time coming but Basil 3 should finally be a game changer hat is long overdue , it should certainly help Centamin, so hang on in if you are able to
I have known Andrew Maguire for quite some time and I have to admire his integrity and personal commitment in trying to expose the behind the scenes manipulation of the precious metals markets.
He could have been a very rich man just by keeping quiet and going with the flow, but that's not his style, so he got out and decided to expose what was, still is going on!
There is a lot more to Andrew than many people realise, but that's probably best left for now.
Thanks for the advice
I'll have a look.
Absolutely agree with you 100% Cowichan,
No longer could the "One trick pony" accusation be be used to discount the Centamin share price and instead Centamin would be then be regarded as "Evergreen" to many potential investors and the market.
Adding 250k, 350k or 500k ounces of gold per annum in West Africa could hardly be baked into the Centamin cake - and that is just West Africa - we've waited a decade for improvements to the Egyptian mining code before pursuing further developments around Sukari. Adding another mine in Egypt would transform Centamin into a very different beast with a share price to match
I had a look at some of the mcguire videos and found the basel iii accord quite interesting, but couldn't find much more commentary on it, could be a gamechanger if the dates don't get pushed out again.
Hi Somnamna, yes understanding fundamentals tells you what you need to know about the company and is obviously very important, but technical analysis allows you to better plan your entry and exit. You need both in my view.
DaggerMal start with the basics, understanding support and resistance, drawing trend channels and understanding basic candlestick patterns. Once you've covered these there is a wealth of information on YouTube alone for you to sink your teeth into.
@ mrT you always seem to think the EU is some utopian dream well tell that to the Greeks. As I told you before I had a house in Spain over twenty years with neighbours from all countries. You think the Spanish have a wonderful with politicians who are perfect well go and have a look at airports that will never see a plane or houses that the land was never paid for so people got thrown out. You talk about Egypt and money in plastic bags you think that doesn't happen in Europe. Have you ever been to Europe me T. One thing our German neighbours use to say in Spain the northern part of the EU did the work and paid the cost.
Oh I certainly appreciate the garden and all wildlife, which is why I am so incensed by our bigoted politician policies of destroying so much of it needlessly, not to mention allowing the bee killing insecticides to be used again since the UK left the EU.
The UK is in an unnecessary a mess brought about by misguided political policies and bare faced lies which will become more apparent as time goes on and unfortunately putting up the union jack and wearing rose coloured spectacles wot make it any better.
To be honest I see nothing to be arrogant or proud about when our government has made us look very foolish and inward thinking in the 21st century
@Mr T Mr T I am sure we could all sit and whine about the state of the nation. Most of us don't. I am just going to say this to you if you where born in the UK you got a very good lottery ticket. I for one love my country is it perfect no !would you have had a better life born somewhere else so sometimes instead of keep hammering it why don't you sit in your garden (assumption) and think your either going to go out and start you own political party and fight for your very very strong beliefs or give our country a break.
Some confusion amongst many people it seems ?
What happened to the British billion? When did 100,000,000 become accepted as a billion over here? And where does this leave the trillion?
The British billion is 1000,000,000 as elsewhere.
The 'old' billion was 1000,000,000,000; this is now the trillion.
For global communication uniformity is essential. This has been demonstrated by the loss of time and hardware in space when metric units were misinterpreted as 'imperial'.
I agree, it's getting some balance at times like this otherwise we would be in danger of slitting our wrist's!
Much of what the experts predict on Kitco should be correct or turn out to be the case were it not for the fact that they aren't pulling the levers behind the scenes or in a position to be able to manipulate present and future world events, political fiscal policy and thinking of the day or indeed the markets.
The experts base so much on what happened in the past, but seem to forget that politicians just don't care and are quite willing and it seems able to just keep kicking the can down the road and saying what they think will get them reelected.
The pandemic has provided politicians the world over with the ideal excuse to hide so much and give them an get out of jail free card and the majority of the public will be duped and end up paying the bill, yet again!
Look at the state of the UK, what a mess, £70billion on a an unneeded railway, trillions on an aircraft carrier that is really yesterdays way of fighting, underfunded and inadequate health and social care and a shambolic exit from the open market of Europe on which so many livelihoods depend!
But give all your political mates preferential NHS pandemic contracts and the public their vaccinations , then blame covid and Europe for everything that's gone wrong the need to screw the ordinary people again, lie through your teeth and get and get reelected!
@Stevejones999 Thanks for that Steve your not to optimistic I like to read what you have to say you are down to earth but in a upbeat way.I did smile though I find what Sotolo tells us very interesting and always full of facts but I do expect to grimace a little knowing it will be slightly depressing. Let's hope for a better week lynn
Worth a read:
The stimulus package needs to pass both the House and the Senate — which Democrats control by the smallest of margins — if it is going to be sent to Biden’s desk to be signed into law. Democrats have set themselves a deadline of mid-March, when the current round of emergency unemployment benefits runs out.
This is an interesting article, although I do read Kitco, I normally take with a pinch of salt, as way too optimistic (the reverse of Sotolo :-), only joking). The article is balanced, and clearly explains the issues last week, with potential outcomes- of course, no one knows, but hopefully with the FED due to comment again, the situation will not worsen.
For holders, 11MAR2021 is key for me, figures should be strong, interested on cost savings, and progress with remedial work on mine. Permit news I need too- I've mailed them twice since others got their permits, and got the same response, they won't commit on timeframe.
We have moved pretty much in line with other PMs since the 2 big hits on Oct2020- all the issues you list were known then and yet we moved up into the 130's and then back down again with markets and gold.
Good old Sotolo,
You put a lot of work in to your calculations and predictions and you mean well, let's ope that things do turn around for the better under Martin Horgan's new strategy.
Don't forget basil 3 should help to lift the gold price mid way through this year which is why the central banks are keen to buy as much gold as they can at a manipulated down bargain price now!
One lesson worth learning about free to the public message boards is that there are people who second to their interest in the company develop a taste for teasing inexperienced followers.
The sad asses get a kick out of posting doom and gloom especially when it’s obvious by the current trend that 90% of holders are hurting.
Don’t suffer these fools who are getting a juice from the general suffering.
For Gods sake really! They might as well shut the mine with that kind of mindset?
a million million in a British trillion,
And in reply to where the bottom for Cey is, who knows? If gold is in a long down wave as rates rise then Cey could go a lot lower as/if it enters loss this year, with such high costs; however there should be a big gold bounce in the not too distant future before the fall continues taking Cey up, and next year we should look forward to 2023 when our break even point falls by $300 or so, hoping gold doesn’t fall by more. And we have the huge divi tho a couple of years of losses might mean that is revisited. Or we could have hit the bottom in gold and shoot up from here but I don’t think so
Are there any chartists that have a sense of feel for the bottom here?
Guessing it could be early 90s, but must be a price where everyone piles in as it will be too cheap??
My average is 112p and won't be selling, but would be interested in views...
I have invested heavily based stockopedia assessment as great stock. Not so bad because I sold all my bank shares at good prices to buy. But having taken the time to read about cey I guess investing now is a bit of a gamble. I'm not quite sure why Centamins difficulty were not highlighted. All the Same, I'll hope price pick up. I will be reading all your post over the weekend. Opinions of the state of the mines will be great.