If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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.
Thanks Sotolo
Fair enough - Good diplomatic answer if I may say so. :-)
The only reason I asked is that there appears to have been a marked lack of support from British Journalists/media in relation to the scandal behind his extradition .- There was a time when the 'Fourth estate' would have had a field day. - The aftermath of the 'News of the world'/ Murdoch trial has turned them all into toothless guard-dogs I fear.
Chart - breakout @ >100p
https://twitter.com/bonker_99/status/1496810296425467914?s=20
They know where the high grade ore is.
$POG HITS YEAR HIGH
https://www.bullionvault.com/gold-price-chart.do
$1,970 - you've gotta expect this to put on some weight from here.
What is the estimated timer period to fix the wall?
What would you reckon the share price and profit would be if gold holds around the $1950 --$2000 mark?
Hopefully it will stay around this mark --------even when (I hope it is when and not "if") the Ukraine situation is sorted.
Once the dust settles (whatever that looks like) we will be left with hyperinflation, a massive recession and a complete mess and with it a wholesale return to having more gold in more portfolios.
Thanks Rebess and for your memory. I am ‘conflicted’ about Julian Asange, and do not know enough, on the one hand he brought some hidden things to light, on the other he threatened Western intelligence and does not appear a very pleasant man. Perhaps sometimes it is good not to be for or against but to see both sides? (Though not in this conflict.)
And Aether Centamin currently being a high cost producer should I believe rise faster than other miners as the gold price rise will raise our profits more. Also once the next results are out, and perhaps a final knock back, things should also improve for the company lifting the price further, so all in all if gold rise a great investment imho
Given the problems with the mine, will the price of CEY increase at the same rate as other gold miners?
Thank you.
Early morning.
Will the share price increase to reflect the increase in the price of gold similar to other gold miners?
Hi Sotolo
Interesting comments from someone who was a professional in that world. - Do you have a view on Julian Assange?
I suspect the 'Ukraine' effect has suddenly caught some market players offside. - There'll be scrambling today I think in trying to contain the situation. . IMO .Watch this space.
Ps very weird just now seeing the gold price
1944-1945
And thinking back to those years in Ukraine, that back then had barely survived 6m starved to death by Stalin in the 30’s, then more again with the German occupation, and then both fighting over it in those years.
Tibbs the truth is you are a really decent man, I try to be, sometimes we see things differently with you preferring to see the positive in Cey which is admirable, while I have always interrogated the negatives on anything I’ve worked on, thinking the positives will then take care of themselves, but in essence we both have our feet on the same ground, both our views I hope help here but most of all in an increasingly divided, opinionated and intransigent world tolerance and decency as with so many here are increasingly important. Thanks Tibbs, you cheered me up on a very grey morning.
Hi Sotolo,
Well said, for a really excellent thought provoking summing up!
Tibbs
Read the past year's RNS's then you'll have a good idea..
Fair comments Halfpenny, problem is that so many of the people soon forget history or are ignorant of it and so it repeats itself.
Our present UK Cabinet is amateurish and lacking in diplomatic skills and since Brexit has lost international influence.
The UN should have been more involved in averting the present crisis, Johnson's helmets and armaments donations to Ukraine were an expensive, stupid and pointless gesture, Truss was regraded as a joke, it is a shame for Ukraine and indeed for the rest of the world!
I am surprised its under 100p. Thank goodness for the solar farm from June. It will pay itself back in no time. Best investment centamin ever made.
The USA wouldn't let nuclear weapons on their doorstep, remember the Bay of Pigs, why should Russia? Talking wasn't working, the US always had an agenda to increase their power as per usual you can't negotiate with the Americans, Putin was pushed into a corner. Look at NATO's expansion eastwards over the past 30yrs and you might be able to understand there's two sides to every story..
Thanks Sotolo.
I am admitting I know very little about the Ukraine. I feel very sorry for the innocent people who want to live a normal life there. I would think the most reasonable way to solve this is to get the politicians and ideologues, all herded into a 10km2 paddock, given weapons of reasonable choice and mobile phone taken away from them, and are told, may the they solve their differences as best they can with the resources they have at hand and perhaps get them to show some planning and management skills, and set some time lines and a gantt diagram.
I know I am very distrustful of media generally, whether it be "mass" or "social.
There has been enormous distrust built up around some of the propaganda, in terms of its origins, its broadcast, management, controls etc. Goes back to the work of Edward Debares in the 1920's ...
https://www.youtube.com/watch?v=RfTgAlpw8zY
https://theconversation.com/the-manipulation-of-the-american-mind-edward-bernays-and-the-birth-of-public-relations-44393
I am not saying there are not "good journalists" which is a ridiculous claim. Good journalists can be compromised by "management.", at least for a while. Its the "systematic journalism" that is the issue. Propaganda. Marketing.
Good luck to us all,
the gnome
Poly just puked..
European stocks plummeted in premarket trading on Thursday after the situation in Ukraine turned into a military conflict. Russia launched a military operation in Donbass after the leaders of the region's self-proclaimed republics called for such a move. Ukraine branded Moscow's actions as a "full-scale invasion."
The FTSE 100 dropped 2.61% at 8:00 am CET, the DAX plunged 3% at 8:01 am CET and the CAC 40 dived 2.45% at the same time.
The euro fell 0.53% against the dollar to go for 1.12460 at 7:56 am CET and the pound lost 0.33% compared to the US currency to sell for 1.34986 at the same time.
Baha Breaking the News (BBN) / NP
Gold gnome,, I greatly appreciate your posts from down under on Centamin, inflation and gold, but it is deeply depressing to read you and others lambasting the fourth estate. Contrary to your opinion there have been some excellent and pertinent analysis of Ukraine from the FT to the Telegraph the BBC the Spectator NYT etc, and they have been entirely right about Ukraine, including fascinating well researched long essays about its history. Without them we too might live in a Putin world. Steven Bannon and Dominic Cummings have very sadly won if you no longer believe in the news but conflate their online fake news with the serious press and thus no longer believe it or its importance. So I say thank you to their journalists, mor and more of whom are killed by dictators around the world. They are vital for freedom and for this board, ie to make investment decisions, and their reports over the last week have led me to buy more gold shares so this discussion is pertinant.
This incidentally is your post a week ago about how they were making up
“Another All-Time Media Faceplant !!?
After the Biden administration and the press wrongly predicted a Russian invasion of Ukraine on February 16th, they kept compounding the error in spectacular fashion..and why not...havent they anything better to do?
“It was a joke, you idiots.”
If cluelessness, can be art? or fart??, American journalists unveiled their Sistine Chapel this week, in a remarkable collection of misreports and hack stenography surrounding a predicted invasion of Ukraine.” and yesterday “ Least of all the "news" on the BBC, CBNC, RT, and the
rest”. Shame on you and the attackers of liberal democracy, along with the press that has enabled and supported it from Jonathan Swift to Daniel Defoe, the broadsheet to our ancient magazines and yes the increasingly underfunded BBC that all enable us to see fake news here, it may not be perfect but has enabled me to live 70 years without having to fight, enough to eat, freedom to travel the globe and fulfil my life as I wish, at least in the U.K.
I agree with all you've said but to be clear I won't be calling in any questions to Centamin.
As far as I'm concerned the three email replies I received from Investor Relations in the last two weeks on the topic of the HiSeis survey let's me know the only way to get actual compliance with regulatory disclosure obligations is through other means.
For the record this is my original email sent to IR :
Attn: Investor Relations
Would Centamin consider publishing the results of the 2D & 3D geo-seismic programme that it undertook around Sukari in 2018 ?
The results would better inform shareholders of the company's future prospects.
And their replies ( the parts that were relevant to my question )
... as you know, we looked into this for Sukari and in 2019 we trialled a 2D seismic survey to see what the data showed. The quality of the data was inconclusive...
...as per our email correspondence below, the Sukari 2D seismic was a trial of the technology. That means the technology was trialled over known gold structures. No material information from that study has been withheld. The technology confirmed several of the structures...
------------------------------------------
So, from those two contradictory statements alone it's clear shareholders aren't being told the whole truth -
Either the data WAS inconclusive (something both HiSeis and Centamin's own 2019 Annual Report refute) or the survey did confirm several of the structures - as stated here:
https://www.centamin.com/media/1605/cey-rns_fy19_final_180520.pdf
"A 2D geoseismic programme was completed during 2019. Initial data interpretation is very encouraging, identifying multiple potential gold systems and exploration targets"
Centamin's previously announced 10k meter exploratory drill program around Sukari is likely complete now with assay results pending - and given the above quote from Centamin's Annual Report the HiSeis 2D survey results were crucial in choosing the targets.
Why Centamin should choose to play both sides on this issue is anyone's guess - my conclusion is they have chose to keep the details secret from the market - perhaps to appease a third party.
My concern is that our share price is being kept artificially low these last 2 years through focusing on (and creating?) bad news while burying the good news.
That is a topic I hope one of my fellow shareholders can 'call in' and raise - sharing this post might also be helpful.