The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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. 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.
Years ago an experienced analyst pointed out the Sukari management was mining itself into a corner by not mining enough waste.!
That prediction has come to bear, although the current management is now tackling this! As it took years for the chickens came home to roost, then frustrating as it is for us then logically it may well also take years for corrective measures to bear fruit.!
Whatever our opinions and irrespective of whether it is the old management responsible for the mess they got in, it is current management that has to pick up the pieces!
if the current management will be successful, or how long the turnaround will take is yet to be determined!
Possibly though as Centamin has already taken the bad news on the chin it might well be a lot less risky than many of its peers?
With others (B2Gold, Enedeavour - political risk, Fortuna - capital blow outs, etc.) bad news may still come.
Tibbs
I agree Lodan, gold is continuing an upward trend from the March 21 low and is consolidating nicely from the 2020 high.
Some of us have more than one share!!!
Unless there is something that I'm unaware of, this share should eventually rise.
Looks like the dollar did as I hoped and topped after the marginal break of 1.04 which should see it head into its intermediate decline while also helping confirm that golds intermediate low is in...I heard people saying earlier about a bear market in gold...we have made higher lows (if 1785 was the low) and higher highs in the last cycle from 1670....this certainly doesn't shout bear market to me just the long timeframes of the cycles make it feel that way sometimes
Well who would have thought it...a green close on ex dividend. Well done whoever it was who predicted yesterday...I thought 75 was more likely
N0mates... your on the wrong board you are in ITV and yes you are right it is dropping LOL
Guess you sold this morning at 79p….keep waiting
it will drop tomorrow
Looking good, glad I bought this morning. This stock so predictable lol
Green on XD day, carnt ask for more than that today. Long may upwards last
And particularly well on your call first thing this morning of a close today of over 82p.
Hi Pkumar,
Don't know whether it will hold for the next half hour until close but the live price has just gone positive albeit only be 0.02p.
Well called,
Prof
May I call it a Green day Today ? We are going above 90 by end of this month
Yes, nearly at a free divi- go gold!
helped by sterling doing the business. A good ex div day here today :)
My wife has a friend who works in Mastercard USA. Apparently the staff bonus and pay rise was a pittance of what they normally get. It appears USA folks are no longer as keen to use their Mastercard and so workloads are dropping rather fast. So much for the USA consumer weathering all the inflation and rate hits.
I hope you are right and Russian comes to peace but Looks like it’s not going to happen. I’m Indian and I have been talking to investors in India and they are saying that Russian are buying some time to divert all there supplies to Asia and they will cut all the supplies to western countries. The western countries have confiscated over $300 billion mostly in US. EU and UK will suffer most when Russian turn all the supplies off to west, I hope that won’t happen but western leaders are criminals and they don’t care about people. Russian are wounded and now they will anything and everything to collapse the dollar. More pain to come and I hope people prepare for winter as anything can happen.
When economies go bad politicians go to war. Always have, always will, so expect them to ramp things up with Russia - then they can blame everything on the boogeyman.
Well actually Torn...if they talk hawkish but none the less let inflation erode the national debt over time Central banks will do ok... hence why gold will do well this year as people see through the bluster (crypto may to and I dont even like it)
Tibbs to be honest the people that count as far as I am concerned are the people who get up each morning and go to work at the mine or the exploration project.
If I ever needed to know what was going on it was of paramount importance to visit the site(s) and listen to what was happening currently and planned for the future from the Mine manager and his team.
Visits to head offices were also important but the majors would normally refer me to the site personnel or we would be more current than the guys in head office anyway.
As far as Centamin is concerned it is top heavy with non exec directors so suggest it is less important to visit head office as there won't be anyone there, so guys on site are the important drivers of the business.
The Philly data was dreadful and the rate rises have only just got started. The central banks are in a hopeless mess. If they keep raising rates economies will blow up. If they let inflation run and do not put up rates the economies will blow up. The only thing that can solve this is agreeing for the war to end in Ukraine with some face saving retreat from Russia with an agreed meaningful treaty to ensure it does not happen again is the only way out but that is the hands of politicians who do not want peace.
I hope we see green day today. Gold is the winner. If you show me 75p I will buy 20000 more but it’s not going to happen
Weak economic data is having some impact on the gold market as prices push to session highs following disappointing manufacturing data from the Philadelphia Federal Reserve.
Thursday, the regional central bank said its manufacturing business outlook fell to a reading of 2.6 in May, down sharply from April’s reading of 17.6. The data missed expectations as consensus forecasts were calling for drop to around 14.9.
The decline in the Philly Fed Survey comes after the New York Federal Reserve said its manufacturing sector contracted in May, falling to -11.6.
The disappointing data has added to gold's bullish technical momentum and is helping to push gold price to a critical resistance point. June gold futures last traded at $1,837.10 an ounce, up more than 1% on the day.
I have bought a few more today.
It would be good to see a few more director buys.