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LFTV segments are always very informative -
thanks for posting MrTibbles
and welcome back!
n this week’s Live from the Vault, Andrew Maguire takes a glimpse into the smoke and mirrors world of the ‘LBMA cartel’, after allegations of global silver price fixing playing right into the hands of member banks.
The London wholesaler provides an update on the 27th December BIS Options expiry position, revealing the wayward speculators staring at severe losses and gives an insight into the major market catalysts in 2023.
Full episode: https://youtu.be/zZvGHK7Wlus
As it says, welcome back, good to see you posting again.
HI Mr Bond
Do you feel the cracks are beginning to show. As I have posted here before Comex is run by the Chicago Mercantile exchange which in my opinion
(supported by more knowledgeable others than I) is a puppet of the Fed hence vagaries in price between physical gold and Comex paper.
I for one would like to know the level of physical held by Banks since I believe it was allowed to be classified as a Tier 1 asset class. Perhaps the more able members here could help my understanding of this. Is it a double edged sword as it would seem Central Banks have a vested interest in keeping gold price at moderate levels. Am I completely up a gum tree on this. Probably but happy to be educated by others .
Good to see Tibbles back although I think Corvid and that fascist megalomaniac Putin has a lot to do ,(if not most) for the current woes in the world economies which no form of Government can escape from.
Seasons greetings
Bob
Hello everyone, especially all LTH.
The sorry state of our world in general and the dire and depressing and state of the UK which has in the main been brought about by several decades or more of policies of greed and lies by previous, and especially our present unfit for purpose UK government is very depressing to say the least, and sadly with little hope of improving any time soon, indeed I can only see things getting much worse or at least for the foreseeable future!
So I have taken to diverting my attention to my personal life and other good causes to which I can hopefully help in some way to achieve their aims for the better!
This doesn't mean that I have forgotten my investment in Centamin, but despite the understandable frustration and impatience of some I have to agree with Dasut, we are where we in the main because of the cost of clearing up the waste left over from the Pardey & Co years of high grading for short term gain, which admittedly had a more than a good run, that is until the crack in the marketing gloss became all too apparent, just as was predicted was inviable in articles of 2015 & 2018, although this was denied by the company at the time!
As a result of the years of deception and lies we are now paying a heavy price and the reality of the situation has meant the only way forward its to clear up the mess in order to be able run the run the Sukari operation properly which should have been done from the start!
So in view of the past misinformation and deceit I sought the opinion of a well respected and indeed the only mining analyst who has ever been consistently right on their evaluation of the Sukari operation on the last Doropo update, which on first impressions seemed upbeat, although it seems that it lacks any real substance.
Over past months I have written to Centamin and Buchanan via the official channels on this and many other issues with all my contact details, but to no avail my communications have been stone walled!
So my compliments and thanks to Cowichan for all his efforts to get answers, it seems a great pity that this is the only way to get any response, that said Centamin IR has now resorted to blocking his Likedin feed which in my view is suspicious and will be counter productive,it most certainly wont do anything to promote trust in the company!
Re Doropo pre-feasibility study update
Without having access to a full explanation in a technical report it is impossible to comment from a position of knowledge.
A resource grade of 1.5 g/t Au using conceptual pit on the basis of a gold price is very attractive, but I do not know how the gold occurs. Is it in narrow, high grade lenses. or in a stockwork? What is the prospective strip ratio? Did they cut high grade outliers? Etc., etc.
What strikes me as very odd is the large difference in grade between Indicated and Inferred. What has confidence (i.e. the density of drilling) got to do with grade?
Regards,
Kees Dekker
Best Wishes
Tibbs
bobliz .Gold closed at 1798 on New York.
On top of that there are questions being asked about the employment statistics on Kitco News.
And now 7 Senators have put forwaed a bill to cut the Fed Bank advisors to 5.
As they think the FED is politically biased ,HA HA .
That will probably come to nothing,.
But seeds of doubt have been sown.
I see a close at 112 30 very encouraging as expected a drop to just above 110 Equally gold holding well although a few hours to go on that one.
A healthy and prosperous wishes for 2023 to you all
Regards
Bob
Closed at 12:30 Bob.
I will be looking at the percentage drop in price at close today as will give an indicator as to confidence index in CEY . There will inevitably be a drop as investors may wish to be in cash over the closed market over the festive season. If drop small then that will indicate confidence to stay long .
Of interest only to me as in for the long haul here unlike in other holdings as this could spike exponentially with solid news in the offing.
Bob
Hi Razor
Possibly the best advice I could give here to investors wishing to expand or add to their knowledge in the stock market would be to apply for level 2 access to the Market Book for a short time as it is in real time and you will have to pay for it This reveals that the buy and sell side of the book price for a share can widely range fr0m the headline price as shown on this board. Looking at the shares in CEY already traded as available on this board at the RH side there is an annotation as to what type of trade it is. You will be suprised as to the number of forms a share trade can be if you google info on that,
Sorry to be boring everybody but I cannot hope to be as well informed on CEY and gold mining et al as the professional contribution of many other here
Seasons Greetings
Bob
As I said Bob you told me before.
——————-
RE: Today’s Volume comparison18 Feb 2020 22:20
Hi Razor
Really appreciate your contribution to this board but the buys and sells volumes can be quite the reverse of what is shown.
Worth having look at LSE trading conditions with regards to NMS and what time frame trades have to be entered into the book It may be that to maintain a "normal market a large trade can be held for up to 3 days Lets say a sell bargain is struck at 135. When entered into the book and showing as a trade then if the price is currently at 134 it will show as a buy. Equally normal trades marked as "o" can be delayed by 5mins and entered as abuy or sell depending on the price at that time. When spreads are as tight as 0.10 then a buy or sell can be vice versa at time of entry. This explains to a large extent as to why when buy volumes are shown as double the sells the price can fall as happened recently. Equally in a share in the 100 or 250 the liquidity is governed by sellers and buyers so each sell has to be balanced by a buyer. In the AIM , discretionary and Grey market then an intermediary broking house will set the buy and sell price to ensure sufficient liquidity to make a market eg a market maker. All this a few years ago so may well have changed since then but may be basically the same.#
Very much appreciate your contribution to this board and if you know different look forrad to bringing an oldie up to date.
Kind regards Bob
Hi Razor
Possibly the best advice I could give here to investors wishing to expand or add to their knowledge in the stock market would be to apply for level 2 access to the Market Book for a short time as it is in real time and you will have to pay for it This reveals that the buy and sell side of the book price for a share can widely range fr0m the headline price as shown on this board. Looking at the shares in CEY already traded as available on this board at the RH side there is an annotation as to what type of trade it is. You will be suprised as to the number of forms a share trade can be if you google info on that,
Sorry to be boring everybody but I cannot hope to be as well informed on CEY and gold mining et al as the professional contribution of many other here
Seasons Greetings
Bob
Good luck for Xmas and the new year everyone. - Thanks for all the great contributions and fascinating reading material.
Hi Bob I think I remember you checking me on a volume comment in the past hence the message in the title… “If volume is your thing” as I fully understand that it is not as obvious a director as it may seem.
Anyway do no harm to repeat the message as there may be other less experienced investors who need the help.
Are you still in Hoc and Ths?
We were not looking very good here 3 months ago, but have had a decent run since then and anyone who reinvested the divi has done ok out of that.
Like Dasut, I hope we get on a run to £2 and beyond, but will struggle with that without gold going up and reducing costs as well.
A quick look back through the historical charts shows 130ish is a "normal" price for us and runs over that usually drop back.
Usually if a newspaper recommends us, we start to drop. I remember being tipped when the shares were 179 over 5 years ago.
Anyhow--fingers crossed for some good news, director buys, gold going up and a large rise in the share price.
Im not getting any younger!
Sotolo if the wall had collapsed then I could understand the SP collapse to provide the need to recover but the wall didn't collapse.
Guess the real reason for the SP collapse was the cost involved in recovery and the massive waste removal contract.
Can we get back to the £2 level , I do hope so?
And, as hoped with the wall collapse behind us, Centamin is up 30% in 2022, 2023 should be even better, I wish my other shares had performed as well!
Hi Razor. you have to be careful on buy and sell volumes. If a trade is struck to sell at or below NMV . normal market volume at say 112 and the buy offer at the time is 112.5 then the trade has to be entered within a 5 minute window. If however the book price in that time drops below the 112 level then it will show as an entry in the buy column. It gets even more complicated with large commercial trades as they do not have to be declared until after the close and even at some later date to ensure stability in the market. Again if the share price drops or rises then the entry can show as a sell when a buy and vice versa. This can distort the volume of buy and sell s and as has been noted on here a few times buy volume declared exceed the sells but the share price has dropped.
I do follow total buy and sell volumes as a market indicator but as I no longer day trade of purely interest only as LTH in Centamin and a few other pet shares.
I am sure experienced others on this board will correct or add to my hazy memory of many years ago
Seasons greetings to you and all here
Bob
Love it a facility for the future a more than adequate war chest.
Banks don't like risk so good news that a strong multiple finance syndicate believes in the business plan that will have been presented.
Behind the scenes I am sure the banks will also have offset risk with credit agencies so additional credibility.
Now all we need is a good year end report above mid forecast production.
Equities in Europe traded higher in the premarket on Friday in anticipation of the forthcoming Christmas holidays. Later in the day, Germany's Bundesbank will publish its monthly report on the current state of the economy.
The DAX rose by 0.33% at 6:55 am CET. At the same time, the FTSE 100 grew by 0.12%. The CAC 40 gained 0.23%.
The euro grew by 0.08% against the dollar at 7:09 am CET to sell for $1.06062. At that moment, the pound sterling stood flat against the greenback to change hands for $1.20374.
Baha Breaking News (BBN) / JR
Merry Christmas y’al
Yes- HAPPY CHRISTMAS ALL, eat, drink and be merry :-). A fab board and here's to a great 2023 :-)
Any drop will be due to the obvious- USA markets getting a whack as is gold in the data coming out...
Merry Xmas and a Happy, Lucky, Healthy and Prosperous New Year!
best
the Gnome
Not only to push on from post 13 for the day ,Razors ,but also tomorrow we should expect a selloff as dealers draw their profits ,over the break.
and again seasons greetings to all..
Vol. Sold 1,032,421
Sold Value £1,163,638.34
Vol. Bought 2,906,317
Bought Value £3,274,993.69