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Factor in that interest rates won't be going up anywhere as much now as originally anticipated just one month ago.
Massive inflation on the way, all the consumer spending stocks are witnessing increased declared short positions opening as each day passes.
Commodities roofing it in general.
If the war wasn't getting blanket news coverage they would be highlighting we are heading into a double digit inflation period.
Strong macro environment for precious metals to just keep on rising further.
Personal targets of Gold @ $2100 & Silver @ $30 over the next few months.
The interviewer retells a conversation he had yesterday with B2Gold CEO Clive Johnson where Clive expressed frustration over approaching other companies with an offer & having that company's senior management not convey the offer to their own board or shareholder base - thus B2Gold is considering having to make hostile takeover offers directly in order to complete a transaction.
The comment starts 7:20 into video
https://www.kitco.com/news/video/show/BMO-Conference-2022/3889/2022-03-03/More-MA-is-on-the-way
Thanks for sharing Softrock!
Mr Horgan presents Centamin's strategy very well - we are fortunate to have his caliber of leadership
Also, nice to hear his confirmation the airborne survey over Sukari was completed in Q1
Yes it could return to 200 if gold price went to 2300, and if not accompanied by a market crash lowering PE’s in a general rush to liquidity imho
See it here:
https://bmo.qumucloud.com/view/2022-gmm-centamin
Interesting comments on capital structure building on previous presentations. Thus outline strategy and possible numbers on a credit facility.
For those interested in M&A, a teaser given on possible project/asset acquisition once Doropo is further advanced.
I understand Endeavor has just joined the ftse100?
Couldthis return to 200+?
Alas following U.K. markets down - gold is ok. US futures turned positive on oil drop earlier- U.K. didn’t doing anything - ltd hope U.K. markets follow US at open
Talks between Russia and Ukraine later but not expected to yield anything - on a humanity note. I really hope it does though
Answered already in below Bob.
For a buyer- it depends on why they want it that dictates the price they are prepared to pay.
Interesting comments and thoughts Steve and Sotolo
I only have questions and not answers
1) With Central Banks having to decrease and or stop Q.E and the consequent drag on the market
2) Increasing inflation
3)Geo-political extremes (Ukraine, fuel prices, exclusion of Russia from the world banking swift system etc and the subsequent hit on the P&L and balance sheet of global Corporates. Plus the reduction of world wide disposable income
What premium will a stung balance sheet. robust dividend policy and a supposedly safe haven investment have when general market value drops like a stone.
Interesting times we now live in.
Bob
How long's a piece of string...
If the price of gold does continue increasing and stays hight, what price could CEY reach?
Tough one to estimate Bob as not on the inside. However, I would not disagree with Sotolo here- rationale: 1)improvements since wall issue 2)met targets since then too (albeit they were very conservative) 3)they don't need to sell out so won't be a low ball bid 4)new Egypt concessions are at improved rate compared to Sukari deal so this can only stay the same or get better, not worse 5)much of what is said in his recent presentation 6)what he said on a results RNS webcast- can't recall exact date but do remember he saying all of work puts in better position to be in the m&a arena
Normally 20 or 25% premium,but with Cey having improving prospects I would say 150p or a bit over would do it as I would put it in an equally bombed out rival but have a third more capital in the new investment to grow.
Hi Steve,
In that the Endeavour take over bid rejected by Centamin and voided by Endeavour on the 27-29 January 2020 at 127p per share, and that gold in January of that year was 1550 - 1580 dollars per ounce what do you feel would the Institutions holding Centamin feel an equitable and acceptable bid price would be now. I ask the question on this basis as although private investors will have possibly strong views the decision would be in the hands of the Major Institutional share holders. The views of others with considerable expertise on this would be most welcome .
Bob
Centamin are trying to divest to themselves of Batie West. Asset divestment is one of the areas of expertise mentioned.
Will larger mining companies try to take over smaller ones in anticipation of rising gold prices?
Not for me would welcome a takeover as expect a nice premium on current sp
Is this potential bad news?
Major stock markets across Europe stood mostly flat ahead of Thursday's session, with investors waiting for the latest PMI data set for release after the opening bell. Meanwhile, German flag carrier Lufthansa reported its fourth-quarter earnings results.
The DAX gained 0.16%, while the FTSE 100 and the CAC 40 traded flat at 8:06 am CET.
The euro lost 0.20% against the dollar to sell for1.11046, while on the other hand, the pound gained 0.11% to $1.34164.
Baha Breaking the News (BBN) / ND
The newest 'poke around' guys checking me out on LinkedIn:
Dimitrios Zouzias, PhD 2nd degree connection2nd
Consultant Geologist in Mining&Metals | Equity Researcher
https://www.linkedin.com/in/dimitrioszouzias/
M&A ADVISORY & CAPITAL RAISING
NRG IS COMMITTED TO PROVIDING HIGH QUALITY ADVICE AND TRANSACTION SOLUTIONS
Our understanding of the industries where we operate enables us to engage with clients during all stages of the life cycle, and our in-house technical and operational advisory capability provides the skillset needed to optimise the potential returns of a project and / or the value of a mature asset. This, combined with our global network and A&D experience, enables us to deliver high quality advice with regard to financing solutions, joint ventures, asset divestments, the appraisal of investment opportunities and acquisitions.
http://www.nrgcapitalpartners.com/advisory/
And then a new Centamin LinkedIn reply followed (a day or so ago):
"Don Lawson, the Company have not made any false statements. We have clarified this point with you several times but if you have any further questions, our offer still stands to arrange a call."
https://www.linkedin.com/feed/update/urn:li:activity:6904372198862393344
--------------------------->>>
My Thoughts:
Maybe it's all connected?
Also, while I do appreciate the offer to talk with Centamin - management could just choose to unambiguously answer the outstanding questions re: the missing HiSeis data and the suppressed (vs not suppressed?) multi-deposit discovery.
They is zero chance of this SP being below 100 if gold hits 2000 like you say- zero.
"overbought" technicals etc mean nothing in a commodity driven stock.
However, if results are poor or a dodgy RNS appears, that's a different matter.
Hi Hedged,
It is possible but with miners the movement in the underlying commodity is a key driver. I take CEY's recent upward trend as being due to gold's solid performance of late. If gold stay north of 1920 I would like to think we will stay north of 100. Having said that CEY is always quasi impossible to call.
Best wishes,
Prof
Technically, this is overbought and will fall back below 100, potentially to 94. If Gold can remain above 190p and head to 2000 the CEY will bounce off 94.
I think it was back in June on another LSE board, don't know if it includes all LSE boards but hasn't posted anywhere here since, I see his penultimate LSE post was on EUA when he was rather disparaging about the share and its then market cap, it looks like it is now about three fold lower, he can be found over on the ADVFN boards including Tharisa and currently appears keen on Evraz for the brave