The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Go for it Tifer, you’ve definitely got skills.
"for credibility" Steve come on; let the fantasist play....LOL
Sometimes I do, sometimes I dont depending on how I feel lol. But when I launch my paid service my subscribers will get ALL my trades for sure.
For credibility, if you post a sell on a profit it's always good to post the buy at the time, not retrospectively :-).
There were couple of signs I spotted yesterday after US the market opened
Just out of interest Wildtiger- what made you buy in at pretty much the lowest point yesterday when you posted this at around 11:00?
Wildtiger
Gold heading lower21 Jul 2022 11:15
Looks like gold wants to go to 1500-1600. Not good for CEY. Patience is the key here, wait for the gold to touch the 1500 range
Bought at 77p yesterday, out at 80.2 today. Don't believe gold will stay above 1600 for much longer
Just trying to help you to upgrade to manuka honey x
Martin certainly did a good job at selling bag of fruit to Resolute Mining, for a great gain to Toro shareholders (and some pain to Resolute shareholders). It does suggest, that he is good at sales, and very good at selling mines for a good price. It infers that IF there is a sale of CEY it would have to be at a good price, which is the narrative he is building now. It is taking more than 6 days, but this is because he is a mere mortal.
best
the gnome
Thanks Steve, I'll just get on with my jam making for the time being x
Thought I'd better correct you lol- duh lol indeed :-)
Buy another's debt and you have their loyalty. Threaten to raise rates and they squirm. Then show them them that their EU vote is worth sweet FA.
It never ceases to amaze us how gullible politicians can be.
Meanwhile @home..
Interest payments paid by the government for last month hit £19.4bn, it pushed government borrowing for the month up to the second-highest June level since records began in 1993.
Thanks Goldnome and Razors , our voice of reason and reality, in a world of traders worried where their next quick buck will come from.
Duh lol
Equities in Europe traded lower in the premarket on Friday ahead of the preliminary report on the services and manufacturing sectors in Germany, France, the Eurozone, and the United Kingdom. Britain will also reveal its newest update on retail sales. The markets also reacted to the European Central Bank's (ECB) decision to raise interest rates for the first time in 11 years, by 50 basis points, to combat the rising inflation.
The DAX went down by 0.55% at 7:19 am CET. At the same time, the FTSE 100 decreased by 0.06%. Meanwhile, the CAC 40 dropped by 0.51%.
The euro lost 0.46% to the dollar at 7:24 am CET to go for $1.01834. At that moment, the pound sterling fell by 0.28% against the greenback to sell for $1.19585.
Baha Breaking News (BBN) / JR
The ftse decreased by 0.06%
I wouldn’t exactly call it down but I suppose technically they’re right.
Happy Friday y’al
Enjoy the weekend!
The European Central Bank raised interest rates by a larger-than-expected half-percentage point (PREVIOUSLY THEY SAID NO INTEREST RATE RISES TO 2024?) and unveiled a new plan to buy [WHERE DOES THE ONEY COME FROM AGAIN?] the debt of Europe’s most vulnerable economies, seeking to protect the currency union as it navigates the twin threats of skyrocketing inflation and slowing economic growth.
The move takes the ECB’s key interest rate to zero, ending the bloc’s eight-year experiment [??!!] with negative interest rates and capping two weeks of drama for Europe, which saw Russia cut and then restart the supply of vital natural gas, along with the collapse of Italy’s government.
On Thursday, she said the bank expected inflation to remain high [BEFORE THEY SAID INFLATION WAS ONLY TEMPORARY ??!!] for some time, partly due to the euro’s falling exchange rate against the dollar, which raises import prices.
One could believe, as I once did, that the bankers know what they are doing. But really , its all an experiment. and you know who the guinea pigs are?
best
the gnome
5% or 150 basis points LOL depends on your chart LOL
long may it continue and the UST 10yrs down nearly 5% wow...
Cowichan don’t you ever leave here!
Way too early to call - ~ a week is a long time in politics. If the expectation in build up continues less hawkish, bodes better for gold not worse
Toro Gold CEO and founder Martin Horgan said: “This acquisition provides our shareholders with the opportunity to realize immediate value for their shareholding in cash while also receiving a meaningful interest in a premier African gold producer as shareholders of the enlarged Resolute.
“The contribution of our highly profitable Mako gold mine and prospective exploration portfolio with Resolute’s portfolio of large scale, long life assets creates a compelling African gold investment proposition.”
Upon closing of the transaction, Toro Gold shareholders will own 15.8% of the enlarged Resolute business.
The deal value comprises $130m in cash and 142.5 million Resolute shares.
---------------------------------->>>>
Somebody involved in Mr Horgan's company's sale 'due diligence' process was :
Timothy Strong
Senior Exploration Geologist
Resolute Mining Limited · Full-time
Oct 2016 - Jun 2018
But, the purchase didn't work out well for Resolute - they kinda bought a dud - not as advertised
---->>>
Still, Timothy is now doing this:
https://www.kangariconsulting.com/
Due diligence, resource estimation, geo modelling, prospectivity, exploration management
--->>
And he was poking around in Egypt a few weeks back for an undisclosed client, pictures here:
https://twitter.com/timothystrong88/status/1550115250673922050
-------------->>>
Of course none of this means anything, until it suddenly does
PS - I love Goldgnome's assessment of Centamin's latest results - especially the bit about the Sukari area still being mined 50 years out - exactly why current shareholders need to be confident that management will not sell us out at this ridiculously low share price !
Fed less likely to go for the 100bp hike next week after jobless figures topped expectations likely 75 or hopefully only 50 and gold likes it. I expect gold will fall back again until decision made.
Nice turnaround today- let's hope gold price retains momentum
ECB has raised interest rates for the first time in more than 11 years, by 0.5% to wait for it, 0.0%, as it tries to control soaring eurozone inflation bit late when the cart has exited the stable so to speak.