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.
I absolutely concur with your views!
In short if Mr Rutherford’s contribution to the running of the company thus far and indeed his contribution to the AGM presentation today were likened to a culinary verdict of a meal then “Bland” would seem to be overly generous, some considerable room for improvement, or far better to take it off the menu all together!
As to the rest of the BOD with the exception of Martin Horgan, well if thy were racing pigeons then they are certainly not worth their corn and it would be a case of letting them fly, or if they refused to leave then wringing their necks!
New ceo 2 years in the role shadow boxing what is Rutherford actually doing beside preening his hair in the ever expanding posh London office whilst Jerrad prances around Jersey !!!!
Just to say I agree with the previous 3 chaps. If anyone from Centamin is reading this you should be hanging your head in shame. Hopefully rather than tin can down the road kicking, a bit of a-se kicking will be the order of the day.
I agree Tibs...we will just have to hope that the new ceo will be the architect of the turnaround...he inherited a lot of **** so it will take time
I agree with Tibbs - A BOD that admits that it was unaware of the problems at Sukari, the same BOD that over the years has enjoyed the 'golden largesse' of bonuses and share options on top of their generous salaries, beggars belief.- The rewards for bringing the company down to its present level are simply mind-boggling. - As Tibbs says, it's hardly surprising that trust has evaporated.
Hi Lodan,
Without doubt if the BOD & NED's had been as half as good at discharging their duties with the appropriate due diligence as they have been been in allowing ineptness and nepotism to prevail to such an extent at Sukari that the all market confidence and trust is down the lavatory then this share would now be at nearer £5!
Instead this share is well and truly buggered until there is more than just bullish statements!
Hi Mr Gnome,
I know you have an interest in political corruption so if you wish to corroborate anything regarding what is going on in the UK this is a good site
https://fullfact.org/
https://fullfact.org/economy/solar-installations-vat-eu/
link to the agm webcast if anyone is interested.
Watch a replay of the webcast ??https://loom.ly/6rjj9pQ
European stock markets traded higher in the premarket trade on Wednesday as investors waited for the April data on German inflation, which is expected to remain unchanged from March at 7.4% on a yearly basis. E.ON published its earnings report, recording a 60% jump in sales and forecasting it will achieve its earnings targets for 2022.
The FTSE 100 increased by 0.51% at 7:52 am CET. The DAX gained 0.47% at the same time, while the CAC 40 added 0.61%.
The euro traded 0.17% higher against the dollar and went for 1.05466 at 7:52 am CET, as the pound traded 0.14% higher, selling for 1.23333.
Baha Breaking the News (BBN) / DJ
Happy hump y’al
In a new report, MONEYVAL, the Council of Europe’s financial crime research arm, offers a scathing rebuke to governments across Europe for failing to tackle illicit money flows.
MONEYVAL prominently credits the work of the International Consortium of Investigative Journalists, which for the past decade has published extensively on the flow of dirty money through Europe to the rest of the world. "ICIJ’s repeated exposure of the role of lawyers and accountants in aiding money laundering caused the group to focus its attention last year on these so-called “gatekeeper” professions."
https://www.icij.org/investigations/pandora-papers/pandora-papers-shed-light-on-gatekeepers-of-dirty-money-says-european-watchdog/
Atone have a board consisting of an investment banker, an Egyptian entrepreneur and a former derivatives and financial engineering specialist.
Any Met studies?
Hope they have a good handle on Geomet?
Have you calculated the stripping ratio?
"Hamama West is by far the most advanced
gold project in Egypt, and closest to
development"......well, well , heard of Sukari
Good luck with this punt Dan
Looks a but speci to me
the gnome
Or I might be totally wrong and we're all doomed :D
I believe this is an intermediate cycle low...once gold breaks the rising trend line (which it is currently doing) I think we'll see a good move upwards. I also think the dollar is triple topping at 1.04 and will see a marginal break above and then will rollover
As usual it should drop the amount of the dividend less the rise or fall of the day. However this si small beer compared to how gold miners have been crumbling in expectation of lower gold prices and much lower profits. Centamin’s profits will be around a third down on gold at $2000, so the share price has held up remarkably well making it more vulnerable; another 10% fall could knock a further 50% off profits and could take us back below 50p. So the big question is not what will happen on divi day which is pretty immaterial, but how far the gold crash will extend. imho
What do people think? Will it drop further with upcoming ex dividend on 19th may? Usually it doesn’t and hasn’t gone lower than this when we have dropped before. Like to know what people are thinking ??
https://twitter.com/centaminplc/status/1524033891354529798?s=12
hi Dansul,
Take your point on grades, although as we know that's dependant upon many factors, not to mention how the results are interpreted.
Also Atone doesn't have the mine infrastructure or the processing capability?
So its a punt on future predictions I suppose, although who can tell what investors like us can really trust?
I've come to the conclusion after years of investing that we private investors get taken for a ride by the BOD of most companies and then the brokers and market makers screw us,and after that the government screws us!
I don't trust any of them ,so may as well stay in the one that's already screwed us so many times that the share price is on its ar(se anyway!
Sounds like Aton Resources will be petter investment than Centamin
Aton drills high grade sulphide mineralisation at Rodruin, with 39.4 g/t gold and 261.7 g/t silver over 9.9 metres, within an overall intersection of 88.6 metres grading 5.76 g/t gold, 42.0 g/t silver, 0.31% copper and 2.40% zinc
https://www.atonresources.com/news/2022/aton-drills-high-grade-sulphide-mineralisation-at-rodruin-with-39.4-g-t-gold-and-261.7-g-t-silver-over-9.9-metres-within-an/
Good luck to all,
Dan
That's correct and my understanding too
…is a minefield on the internet.
I emailed my broker last week regarding the payment details and this is his reply.
Hi Xxxxx
Had a look at this
They don’t go XD until 19th May with dividend paid 10th June
100,000 Shares 5 US cents/share (approx. 4p Sterling) = £4,000 Paid 10TH June
Cant tell you exactly as exchange rate will be taken as at 26th May
Hope that helps
Kind Regards
Xxxxxx
There you go Leeds.
https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-plc/dividends
https://www.centamin.com/investors/shares-dividends/dividend-information/
The dividend will be paid on 10 June 2022, in US Dollars ("USD") with an option for shareholders to elect to receive the dividend in Pounds Sterling ("GBP"). Currency elections should be made no later than 25 May 2022 (as published at the time on the website) so there is no variable there)
Thanks
"The AIRBORNE GEOPHYSICAL survey commenced flights during the quarter marking a first for Sukari and more broadly the mining sector in Egypt. The programme is scheduled for completion during Q2 and has been designed to identify potential exploration targets within the concession and further provide insights that could be used as we explore our highly prospective exploration ground secured in the Eastern Desert."
AIRBORNE GEOPHYSICAL SURVEY? Thats a Helicopter Electromagnetic Survey. NOT AIRBORNE MAGNETICS. Lots more information, but at 5 times the cost? ATTENTION TO DETAIL?????
I only just picked this up ... so thanks
CEY! LOOK AT YOUR COMMUNICATIONS, YOU ARE APPALLING. ISNT THERE SOMEONE WHO HAS THIS SKILL IN A BILLION DOLLAR COMPANY, UPGRADE NOW!
SIMPLY NOT GOOD ENOUGH,...
the gnome
You can elect to be paid in us or gbp refer Centamin dividend payment website, exchange rate based on gbp/ usd on 26th may.
Agreed Mr Gnome,
That's what the laws of supply and demand dictate and on the market stalls if potatoes pasta are in short supply then the buyers are charged a premium, but the market stall holders can't print paper potatoes and pasta!
Can't really see the housewife being willing to take home a bag full of paper potatoes and pasta even if she was given a few extra for taking a paper settlement!
It's time that politicians were willing to shut down the markets futures contract's scam which thrives on panic thus feeding inflation and is a primary cause of the worlds problems, but it keeps the buggers that operate the scam very rich,the masses at heel just above the bread line and buying ever more stuff on credit they never realised they had to have and of course the poor very poor!
Fair comments Mr gnome,
The politicians and bankers have just want to keep kicking the can down the roadd and the merry-go-round of unfit for purpose monetary systems turning!