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In the last update Centamin projected production recovery in Q1 2022.
They have a cc and full year 2021 results on Wednesday 16th of March.
I don’t know of any date for the solar system to be activated but as M Horgan mentioned it will be in 2022.
https://www.centamin.com/investors/investor-calendar/
Is there an estimate when production will start to recover?
Is there an estimate when they will switch on the solar plant?
Thanks.
I wonder was the “prettiest girl at the ball” remark a hint of courtship (or four ships).
Could be an interesting update on Wednesday.
When the market is told of an actual increase in production the share price will start to recover.
*interesting the solar system is going to save the company a million dollars per month, I believe the annual fuel runs at around $23m so the solar is just shy of a 50% saving.
Mr. Horgan is beginning to shine but still positive production numbers will move the pps.
thanks for this. i have some money invested in this share and several other divi paying gold stocks. i like the divi payments even if the price drops, most have little debt now and can harbour money whilst stability in many other sectors continues to rumble on. good luck, be interesting results this week and where they place the divi based on current prices
https://twitter.com/centaminplc/status/1503307295874240514?s=21
The reason , There is worldwide shortage of Chips.
Dig your garden up and plant potatoes ,as many as possible.
I don't want to sell, but if I don't read a post from Mr Tibbs in the next couple of weeks I'm going to sell
Looks like this might be a good time to clean the books and merge ... aquire....
Rio Tinto has moved to take control of the Oyu Tolgoi project in Mongolia, making a $US2.7 billion ($3.7 billion) bid for the company behind the troubled copper mine, as chief Jakob Stausholm continues his push to tidy up problem issues of the past.
Signalling the mining majors are turning their minds to acquisitions amid the boom in commodity prices, Rio on Monday revealed plans to buy the about 49 per cent of Toronto-listed Turquoise Hill it does not already own.
Lets see what happens...
best
the gnome
A 2 minute google shows multiple other things that do not mirror the crash of 1929. Equally, the same argument has been posted sooooo many times since 1929 - anyone who listened to this in the last 92 years or so would have missed out on an absolute fortune since then. Not saying that anything is not possible, but to say the world is a different place now on all fronts is an understatement. I recall same comments posted most recently and subsequently over past coule of years when markets dropped March2020... Look what happened then, gold dropped with everything else, not as severe but dropped about half of the markets... CEY dropped as bad as all stocks though.
These next few days we'll see who China sides with..
https://www.euractiv.com/section/global-europe/news/us-warns-china-against-backfilling-sanction-hit-russia/
Rebess please pass on my best wishes to Mr Tibbs and a speedy recovery. Thanks and regards Peter aka Somnamna.
Hi Tibbs, Sorry to hear you are not too well, dont be too long from posting after all you have been the most stable thing about this share! Your views are always appreciated. G,L,A,
Ploy I'm afraid, NATO won't introduce a no fly zone whilst there's talking..
https://amp.cnn.com/cnn/2022/03/11/business/russia-economy-sanctions-gold/index.html
Equities in Europe traded mixed in the premarket on Monday ahead of the new round of peace negotiations between Russia and Ukraine, planned for later in the day. One of Moscow's representatives in the talks, Leonid ****sky, noted "substantial progress" in the discussions that could lead to the drafting of "documents for signing." Meanwhile, European Council President Charles Michel warned the European Union will have to put in extra efforts to contribute to the solution of the crisis.
The DAX went down by 0.17% at 8:01 am CET. At the same time, the FTSE 100 rose by 0.59%. The CAC 40 stood flat.
The euro gained 0.06% to the dollar to sell for $1.09168 at 8:00 am CET. At that moment, the pound sterling lost 0.14% to the greenback to go for $1.30174.
Baha Breaking the News (BBN) / JR
Happy Monday y’al
OPINION
The political climate is changing, the Ukraine conflict is keeping us in suspense. Since February 24, we are experiencing a mini-crash on the international stock markets that is reminiscent of the period before the great crash of 1929. The Black Friday on the New York Stock Exchange hit Europe with full force 93 years ago. It took the global economy 25 years to recover from that.
In crisis times such as this one, a look in the mirror helps. At gold, which reflects the true value of every fiat currency. Gold de facto never lost real purchasing power. And that’s been the case for the past 3,000 years. Gold only increases or decreases in relation to certain fiat money such as euros, US dollars, etc. Back in ancient Rome, you could get a toga, an equivalent to a tailored suit today, for an ounce of gold. Gold in euros and dollars reached a new all-time high, spot gold has never been as “expensive” as it is now. This could lead some to wrongly assume that there is little upside potential for a further increase. Smart investors are buying gold at this very point, where long-term resistance measured in fiat currency is being broken.
De facto, the gold-money ratio reflects one fatal inconsistency: all gold ever mined on Earth (210,000 tonnes) would fit in a cube with a 22-meter side length. This is currently the equivalent of 13.6 billion dollars.
All the fiat money printed and central banks issued fiat money is several times more. Do you see the error?
Baha Breaking the News (BBN) / CB
https://www.teletrader.com/opshnshon-gold-the-mirror-of-money/news/details/57479077?internal=1
HI Rebess
Although Tibbs and I did not always see eye to eye he was always the conscience of this board and a very major contributor to both technical and financial matters concerning CEY.
I do wish him well if in some difficulty and look forward to when he can come back to full participation amongst us.
Bob
Rebess ,sorry to hear that.
Stay strong and Best wishes.
Want you back ASAP.
Hello everyone
Just to let you know that there will be a fall-off in posts from mrtibbles. - Hopefully, only temporary and I'm sure I speak for everyone in wishing him well and a speedy return.
Good luck mrtibbles.
Anyone aware of international availability and price of sodium cyanide used in extracting gold? Seems its production in Europe is being cut back due to gas prices.
A drop in pog was on the cards after speedily breaching $2050 last week, it's called consolidation, this was touted as a breakthrough in the Russian Ukrainian peace talks by some, total rubbish, Putin is on a mission to grab Ukraine end of. Pog is in a bull run due to war, inflation, soon
stagflation, and basal. Hopeful that Wednesday's figures are received well but it's the future figures that are important, if so we'll be looking at where we're at in the rear view mirror..
At Thursday’s meeting, the ECB left its deposit and main refinancing rates on hold, but announced it would wind down its asset purchase program faster than previously forecast.
The ECB could end its asset purchase program by the third quarter, and pledged to do whatever action was needed to fulfil its mandate.
The ECB also significantly upgraded its 2022 inflation forecasts, expecting consumer prices to rise by 5.1 per cent instead of the 3.2 per cent it previously projected.
But the toll on GDP growth is already apparent this quarter, and it now expects the economy will grow just 3.7 per cent in 2022, down from a previous forecast of 4.2 per cent.
‘‘The risks to the economic outlook have increased substantially with the Russian invasion of Ukraine and are tilted to the downside,’’ said ECB president Christine Lagarde during a press conference on Thursday.
‘‘While risks relating to the pandemic have declined, the war in Ukraine will have a stronger impact on economic sentiment and could worsen supply-side constraints again.’’
Economists in Australia have also begun to downgrade their expectations for growth, while increasing their expectations for inflation.
Goldman Sachs is forecasting headline CPI to hit 5.3 per cent year-on-year by the second quarter, driven by higher fuel prices and flood-related disruptions to food supplies.
But the surge in commodity prices is set to weigh on domestic economic growth in 2022. Goldman downgraded its forecast for GDP growth for the year by 30 basis points, or 0.3 of a percentage point, to 3.6 per cent.
CommSec on Monday forecast petrol at the pump will exceed $2 a litre. Every $US1 change in the crude price is roughly equivalent to one Australian cent at the pump, it said, all things being equal in foreign exchange and refining markets.
Stagflation risks mounting as prices soar
William McInnes
Central banks are faced with the daunting task of trying to unravel surging consumer prices driven by the conflict between Ukraine and Russia at a time when global growth is slowing, stoking fears stagflation could make an unwelcome return.
Inflation is already sitting at its highest level in decades in some advanced economies, and with key food and energy commodities spiking in the past few weeks, economists believe the peak could still be some months away.
But those sky-high commodity prices will weigh on growth, particularly for energy importers, leading the European Central Bank to on Thursday downgrade its forecast for 2022 output to 3.7 per cent, slowing from 5.3 per cent in 2021.
US consumer prices for February rose 7.9 per cent from a year earlier, the fastest rate of inflation in 40 years according to official data out on Thursday, and the sharp rally in commodity prices suggests the peak is still some way off.
The US Federal Reserve is certain to raise interest rates next week from its present range of zero to 0.25 per cent.
‘‘I think stagflation is a real risk,’’ said Damien Boey, chief macro strategist at Barrenjoey. ‘‘The US is heading for stall-speed growth on the back of various factors [and] Europe is headed for worse outcomes, notwithstanding the ECB’s currently optimistic forecasts. So, the big two economies in aggregate are not looking at much expansion, while inflation is elevated.’’
Key global commodities have spiked this quarter: wheat prices are already up more than 40 per cent since the start of the year. Ukraine and Russia alone account for 29 per cent of international wheat sales annually.
Meanwhile, Brent crude is still up more than 40 per cent, even after retreating from a high of $US139 a barrel at the start of the week. The May Brent contract was down 0.1 per cent to $US109.19 a barrel on Friday.
European gas prices have more than doubled since the start of the year despite coming off record highs through the week.
A short-squeeze in nickel sent the LME price of the commodity parabolic, rising by 130 per cent since the start of the year. Nickel is a key component of stainless steel, electrical inputs and lithium batteries.
‘‘The US CPI will potentially pass 9 per cent in the following months as it has yet to fully account for the spike in global commodity prices and the broader implications of wide-reaching sanctions against Russia,’’ said Cameron McCormack, portfolio manager at VanEck. ‘‘Stagflation is now a possibility. Investors need to prepare for this scenario.’’
To this ---->>>
"Hey B2Gold Corp. Clive Johnson - if you're going to strike a deal with Centamin PLC shareholders you'd better do it now before Barrick steals #Sukari for a song..."
#gold #Egypt Benjamin Scott Peter Montano Ian MacLean Michael Cinnamond Dr Alexander Antonov Ken Jones Dana Rogers Darren Parry Andrew Brown Randall Chatwin Brian Scott P.Geo Chris Power Kellyann Williams Standard Life UK Dimensional Fund Advisors Vanguard Hargreaves Lansdown Buchanan Capital Limited https://lnkd.in/g9XXXJJV
https://www.linkedin.com/posts/don-lawson-98619370_market-at-risk-of-collapse-if-war-persists-activity-6908487402927603712-lbgW?utm_
<<<<-----------
Personally I'd rather B2Gold approach Centamin shareholders directly than have Barrick seduce Centamin's BOD with the claim they are in a better position to advance Egypt's concessions, Sukari, etc.
At least with B2Gold any Centamin shareholder who remains invested post-merge would likely see an appreciable growth to a combined entity's share price - not so with monster Barrick