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Major indexes in Europe traded lower in the premarket on Friday as investors weighed the latest European Central Bank decision on key interest rates. European Central Bank (ECB) announced yesterday that it had decided to keep the increase of its key rates by 25 basis points in July and continue with a "gradual, but sustained" further increase over the upcoming months.
Besides, President of the European Central Bank, Christine Lagarde, warned that inflationary pressures have broadened across the Eurozone; however, she also pointed out the bloc's economy would continue to grow over the medium term as the states recover from the coronavirus-related activity slowdown.
The DAX lost 0.87% at 7:07 am CET, while the CAC 40 fell 0.85%, and the FTSE 100 declined 0.74%. The euro improved by 0.19% against the dollar at 7:17 am CET, selling for $1.06380. In comparison, the pound grew by 0.11% to go for $1.25073 at the same time.
Baha Breaking News (BBN) / JG
Match22 your causing a rethink here. I did have the house on Cey but removed more than half a few months ago when the logic of being so invested in one stock seemed ridiculous when because of covid/Ukraine other shares are exceptionally good value. I’m now hoping for positive news (which will come eventually) for an upward move in share so I can catch a double whammy on another.
Have a good weekend y’al
Cowichan missing in action?
Tibbs had a pasty today hence it remined me of you in Cornwall with your dogs hope all well
As a past investor with a small holding now. watching this share is painful the potential was great and some like sinner and el professor walked away at the right time. Its clearly been a mine for the boys club don't put your house on it. the Divi is sweet like candy but the management take most of the candy. as for expansion 10 years + after i first invested Nothing but hot air This loyal group will in my view never be rewarded the mine will run down with promises of further licences . Old man market
Well gold is putting up a sterling performance in this environment.. the naysayers are all against it with interest rises but as a contrarian I am long only gold :)
Nathan Rothschild and the Battle of Waterloo
https://www.rothschildarchive.org/materials/nathan_and_waterloo.pdf
I have 24K divi coming .................I wish
And I guess I am down at least £25K (buying from the 40/80/90/ 130 all the way up to at 160 over 10 plus years)
Anyway, hoping for a positive next quarter
Retrospectively it would have been silly not to lol
Thanks Mr T
I have signed up! I do wish the Bankers would come clean, just as the commodity traders are now getting their due recognition for their dirty affairs. Morals left the room decades ago, if they ever had them.
the gnome
Yes Mr T,
and no doubt the dear Baron had some responsibility in putting blood in the streets, as it's not a bad business model, for some.
the gnome
lots of people getting bounced out of this before.. trading the spot price in a miner is just silly :)
Seems so!
Yesterday, Positive Money put on an event in Parliament to launch our new report, ‘The Power of Big Finance - how to reclaim our democracy from the banking lobby’. [2] The public put their questions to our panel and they debated how we can start to change the rules for the better. (The full video of the event will be up on the Positive Money website next week.)
It’s a pretty timely debate. Because in the next few months the government is deciding on new rules for big banks post-Brexit. [3] There’s a real risk the banking lobbyists will win watered-down rules for themselves - but that’s exactly how we ended up with a financial crash and a totally unequal economy skewed towards rising property prices. [4]
Antony, the Positive Money movement started in the aftermath of the financial crash, as a counterweight to the banking lobby. We believe that banks should be tools that enable communities everywhere to thrive. But right now, it’s our government that’s become a tool of banks and corporations.
Our colleagues have spent months digging through the data on meetings with Treasury ministers, donations to political parties, and politicians’ second jobs. Now it’s time we laid the facts bare for all to see, and start a campaign together for change. Antony, please will you spare 2 minutes to watch then share this video?
https://positivemoney.org/about/press-media/
https://positivemoney.org/why-do-banks-get-bailouts-and-tax-cuts-video-share/?link_id=2&can_id=7912b55e72d6174409e36b7a8226a78d&source=email-new-research-how-to-stop-the-banking-lobby&email_referrer=email_1569128___subject_2033237&email_subject=new-research-how-to-stop-the-banking-lobby
even when some of that blood is your own....
Good for you Halfpenny for being so optimistic!
Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets."
https://www.forbes.com/2009/02/23/contrarian-markets-boeing-personal-finance_investopedia.html?sh=5293ae5b59a0
And not enough "o"s:-)
Waiting for a sour pus to post that. Been buying the near dips and selling the near peaks since the bad news at pit face just put a toe back in for the dividend if you must know. So well above water and since sold all my other holdings to focus on the cey turnaround. You can have that one for free..
Nice but how much are you down on your holding? £60k?
European shares traded lower in the premarket hours on Thursday ahead of the European Central Bank's decision on its key interest rates.
Earlier, Deutsche Bank AG estimated that the ECB would decide on increasing its key interest rates by 50 basis points, while European Central Bank (ECB) President Christine Lagarde has previously remarked that Russia's military operation in Ukraine has revealed the openness and dependence on supply chains from abroad and reliance on energy.
The DAX lost 0.59% at 7:48 am CET, while the CAC 40 fell 0.71%, and the FTSE 100 declined 0.52%.
The euro improved by 0.09% against the dollar at 7:02 am CET, selling for $1.07254. In comparison, the pound fell by 0.05% to go for $1.25283 at the same time.
Baha Breaking News (BBN) / JG
To many holds! should check before posting
Looks like initial rain this weekend in some areas. This is important for the India farmers and could influence the gold price 3 months from now. Centamin sometimes rallies with the right monsoon rainfall in India. No hurricanes forming in the Atlantic thus far. Oil prices could hold therefore hold steady. Just need Centamin to deliver what they promised. Doropo reserves and resources is do any day now, their first target after paying themselves well (Centamin management) with free shares and dividend.
:) nice man very nice
With the printing around the world that we are about to go into over the next few years I have upped my CEY allocation of my portfolio to 20% cey 20% other goldies / copper 40% energy 20% cash for pull backs and I will keep topping up the cash of course
Hear hear goldgnome, too right
Switzerland’s Federal Administrative Court has decided in favor of four big gold refineries that were under pressure to disclose their gold suppliers. IS ANYONE SURPRISED? The Swiss have probably hid a litany of crimes, illicit transfers, tax evasion etc etc behind their wall so self serving secrecy.
This content was published on March 31, 2022 - 18:27March 31, 2022 - 18:27
Other language: 1 (EN original)
The Bern-based Society for Threatened Peoples (STP) said Thursday that it took note of the court’s decision to “protect business secrecy.”
“Importers can now hide behind trade secrecy and are not accountable to anyone regarding the origin of the raw material and associated risks,” the organisation said in a press release.
In February 2018, STP had submitted a request to the Federal Customs Administration to examine the files relating to the origin of gold imported in Switzerland .
This request was made due to “the complete secrecy in the gold trade”. The had STP raised the question whether Switzerland is a hub for risky goldExternal link in a report focused on gold sourced in the United Arab Emirates and Peru.
“Swiss gold importers fail to take their duty of care seriously enough when it comes to trading gold from the UAE and Peru,” that report concluded.
The Swiss customs authority rejected the request presented by STP, which then launched an arbitration procedure through the Federal Data Protection and Information Commissioner (FDPIC).
The FDPIC recommended that the demands of the STP be conceded and, as a result, the customs administration ordered the disclosure of the data.
Toothless due diligence
The gold refineries appealed against this order at the Federal Administrative Court, which decided in favor of the refineries and rejected the NGO’s request.
"Transparency in the gold trade is the be-all and end-all for a clean and fair gold business," says Christoph Wiedmer, co-manager of STP. "Without this, due diligence is toothless, as no one can verify the decisions of this audit."
The decision imposed procedural costs of CHF1,000 on STP and CHF 8,000 on the customs administration as compensation for the refineries.
The STP considers this a punitive measure that discourages simple requests for information that are in the public interest.
The gold refineries arguments – notably that trade relations are subject to commercial secrecy – persuaded the court!?
https://www.theguardian.com/news/2022/may/06/swiss-politicians-vote-against-loosening-notorious-banking-secrecy-law
https://www.occrp.org/en/suisse-secrets/historic-leak-of-swiss-banking-records-reveals-unsavory-clients
very poor form as usual!
Had to have a dig, so deserving
best the gnome
£6k coming my way on Friday all the same
They may talk hawkish but the reality is that the US economy is beginning to get hit. 22yr low in Mortgage applications just been reported and average rate at 5.4%. US 10yr treasury hit 3% which is causing pain even without two further hikes. My money remains firmly in the PM space for the foreseeable. Going to be painful the next year or so but as always the FED will re-start asset purchases .. Seems our rishi is always keen to spend what we haven't got.