Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
Not the case Mr T- UK House prices were on average approx £140k and in Nov 2023 they were on average £280k, so a doubling in 20 years. I've owned properties for 35 years.
Agree on UK state pension is very poor. People often ask why over the past 50years why there is a UK obsession on buying a house compared to many other countries, well the answer is clear- how on enough can you pay the rent when you're over 67 if you didn't buy a house? Other countries state pensions are generally far superior, so this rent issue for pensioners is no where near as severe.
The biggest problem is the rent rise over the past 20years.
All govts in UK have generally been poor. The same media commentators are moaning about the debt are those same people who more lockdowns and furlough- bonkers... and causing enormous govt debts.
Agree on dentists and NHS in general. Again, media are generally to blame too. A friend recently had cancer, was passed from pillar to post to get it sorted, so many departments and hand-offs involved where rationale given was "we can't see this data due to data protection, go to this dept" and so on, causing huge delays...
If an AI data sharing utopia there would have been access to millions and millions of scans where scan images could be compared in a second to ascertain likelihood of cancer issue, whereas all they could see was some local data to compare and then it's up to the local experts to take a view before proceeding to next stage which of course is very limited.
Limited data sharing, beaurocracy built up other many years to "protect data" due to the 1 in a million chance of an issue and litigation has meant probably about 40% of the entire NHS is spent on beaurocracy causing bonkers delays!
Rant over...
Mr Gnome , the UK is in a worst state than I can ever recall, in short it has became and ever more divided by wealth prejudiced society!
Over two decades of ridiculously low mortgage rates have led to ridiculously high house prices, it was glaringly obvious that greedy estate agents and banks were just going to jack the house values because buyers could afford to take out ever bigger mortgages, this may have been of benefit to some owners , but in reality it also raises everyone living costs such as council taxes and other related cost such as house insurance with another Tory stealth tax of 12% IPT.
The UK state pension is a joke and it's impossible to find an NHS dentist , see a GP in a reasonable time and even when you do it's likely that you will have to wait over two years to see an NHS consultant assuming that you can get on the waiting list!
Yet for the past 14 years our UK Tory government has continued to take peoples National insurance contributions and use them for anything other than their intended purpose whilst systemically dismantling and privatising our health and social services!
People are encouraged o take on ever more debt to buy all the things they don't really need to keep the consumer based system turning, most never pay off there debts, they service them and take on more each time the interest tare drops which all seems fine until they are unable to work, possibly through not being able to access medical treatment!
Yesterday in Bristol there were over 2000 people some who were trying to register at a community dentists because of the dire shortage of NHS dentists!
https://www.theguardian.com/society/2024/feb/05/queue-new-nhs-dental-practice-bristol-st-pauls
The surge in the US dollar rate in the parallel market comes amid widespread anticipation that Egypt may implement a fourth wave of currency devaluation against the US dollar.
'Amid this challenging foreign currency crunch, importers in Egypt are pricing commodities in the local market at EGP 85 per USD.'
https://english.ahram.org.eg/News/516932.aspx
Major European stock market indexes traded with gains on the premarket on Tuesday as a new batch of earnings is just around the corner. BP and Linde will release their business data today, while UBS already revealed their fourth-quarter results, missing estimates.
The DAX increased by 0.15% at 8:00 am CET. The Euro Stoxx 50 gained 0.47%. The FTSE 100 rose by 15%. At the same time, the CAC 40 was up 0.30%.
The euro was 0.09% higher against the dollar at 7:58 am CET to sell for $1.07525. The British pound rose 0.13% against the greenback at the same time, to sell for $1.25535.
Baha Breaking News (BBN) / DD
Gold currently $2026.80
Thank you RR for this presentation. I have learnt more about CEY , its current situation, performance and potential from this vid than any other source for an amateur investor like me (allthough every day is a school day re mining and its operations on this forum). Also good to get the intel on the region financial and political stability factors. Of course the current Yemen sea lanes etc threat and its affects on the Suez and drop in income for Egypt coffers is a concern for knock on effects throughout the country and that casts a big shadow, however in general am encouraged by your research and hopeful that the geopolitical situation will get sorted out diplomatically ....or in otherways soon, and as you say should the CEY reported figures turn into positive reality then plenty here to keep the hope candle burning! On the strength of this I am encouraged to hang on in there for a bit.
thanks sotolo.
the relationship between gold and interest rates is not quite as straight forward as one might think. aren't the interest rates a tad high, and gold at its (sustainable?) highest level ...
i take a view that gold is more of a defensive asset, that tends to fly when people lose trust in the systems, and uncertainty grows. in war time (we have a few on the go now) especially, government debt (already at extreme levels) and currencies (whose vaue is set by market forces, wink, nudge) can see extreme levels of volatility, and gold tends to serve as a defensive investment on the expectation that it will hold its value and be more steady than investments exposed to the global or political conflict, and so on and so forth.
you can see some science (sorry to mention this on the chat forum) testing of gold prices expressed in u.s. dollars, british pounds, euros, and chinese yuans finds evidence that gold returns respond positively to a rise in a set of uncertainty variables, suggesting that gold can be viewed as a hedge against uncertainties.
https://www.sciencedirect.com/science/article/abs/pii/s0301420721005535
i only watch tv for sport and a bit of black comedy (starring imran khan these days, sadly), the rest is just bs and filling in time which i dont have much of...could we see both the new pm of ****stan and the president of us both operating out of jail, lol, funny ol world
whats your prediction of the gold price at close of 2024? $2400?
https://www.jpmorgan.com/insights/global-research/commodities/gold-prices
good luck the punters and investors...
the gnome
Thanks
This Linkedin thread was highlighted by another investor,although there appears to be no information or particulars (as in how much%) this may have on any existing of proposed mining projects within this jurisdiction, no doubt Centamin will factor this to the Doropo mine decision?
GPMCI’s Post
View organization page for GPMCI
GPMCI
12,148 followers
1w Edited
[CAFE MINES 2024]
The Professional Group of Miners of Côte d'Ivoire - GPMCI through its Legal, Tax and Customs Commission organized its traditional presentation session of the 2024 tax annex, this Thursday, January 25, 2024 from 9:00 a.m. to 11:00 a.m. at the headquarters of the said institution.
This activity, which was marked by the active participation of many GPMCI member companies, was an opportunity to present the new provisions of the 2024 tax annex, as well as their impacts on mining operations in Côte d'Ivoire.
Note that this tax annex includes a total of 31 measures including 20 major measures, impacting mining operations. These measures revolve around the following three (03) categories:
✅Increase in State tax revenue (05 measures);
✅Technical and rationalization measures of the tax system (09 measures);
✅ Support for businesses (06 measures).
For mining professionals, it was a moment rich in exchanges, sharing of experience and knowledge around the new tax provisions.
#fiscal annex #GPMCI #cafemines
Your presumption is correct .
Are Centamin involved in prospecting in Saudi Arabia ?
I presume not , but I thought I remembered this from a while ago ....
Hi Pam, welcome to the world of Centamin share ownership! I've been holding/trading this one for a couple of years and the price has ranged from 76p-125p visiting both extremes or close twice in that time. Many holders here made a lot of money when the shares hit £2 in 2020 but others also bought in at those levels and are pretty fed up, to put it mildly
FWIW I think the share price sinks on news of regional political instability, any hawkish news on central bank rates (higher rates = lower GP) and high costs of production and exploration.
On the plus side this is a world-class asset churning out 14-15 tonnes of pure gold every year and it is about to get better. Building doropo ($400million perhaps?) and continuing EDX and pit maintenance mean the company is ploughing an awful lot of that cash back into the ground and - as you point out they - have to give half their profits back to the egyptian government.
If the shares are £1 the company is valued at 1£.2billion or so which is around 10 times profit. so my rule of thumb is if the shares are trading at much less than a quid they're a bargain and at much over £1 it's time to take a little profit but that's just me. Anyway it's an intersting share to own and I wish you the best of luck with it.
Hi Guys,
At a weekend dinner party one of he guests asked if I was still in Centamin as the company seems stuck in limbo, I asked why he thought this was, he replied that it was most likely because of the very high costs of clearing huge volumes of waste and mining generally unreliable low grades at Sukari.
He also mentioned that some are still very wary of Centamin and think that the profit share of 50% is out of date and overgenerous .
Since then I across this site-
Centamin (CEY) Risk Checks
Rewards Trading at 45.1% below our estimate of its fair value
Earnings are forecast to grow 18.58% per year
Analysts in good agreement that stock price will rise by 42.9%
Risk Analysis
Profit margins (9.5%) are lower than last year (17%)
Unstable dividend track record
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares
I really don't know what to think?
Pam
Like your last line justifying putting this social media diatribe on the Centamin investment board. I could answer about US politics, whether Obamacare better than before it etc, but here is not the place and what is the point in the face of the usual u fightable long term cyclical advance of ghastly strong men from Al Khameni in Iran to Putin in Russia Xi in China, Haniyeh of Hamas, Netanyahu, Erdogan, etc etc, all promise what you suggest Trump does, winning wars; logically not all can as even USA found from Vietnam to Iraq. Some of us still champion democracy as best of worst but as you say fewer, you think all this should be good for gold but its price seems more driven by real interest rates that its quick knee jerk reactions to outrages, so maybe gold will be up a bit this year but maybe not the soaring you see from the TV star you appear to champion, late stage Rome boo hoo
Hi,
Anybody got access to Level 2 Console on here?
Wondered if there was a tech problem because some of its missing .. ? (!)
Apparently X was meant to mean mixed.
The headline was changed minutes ago.
Major European stock indexes traded X in the premarket session on Monday, as investors awaited the latest PMI reports from the Eurozone, Germany, and the United Kingdom, scheduled for release after the opening bell. Additionally, German trade balance data for December is expected to be published before the markets open. In business, UniCredit S.p.A. revealed its financial results for the fourth quarter of 2023.
The DAX went down 0.14%, and the FTSE 10 was up 0.06% at 8:00 am CET. At the same time, the CAC 40 0.08%, and the Euro Stoxx 50 0.12%.
The euro lost 0.14% against the dollar at 7:58 am CET, trading at $1.07786. Simultaneously, the British pound fell by 0.20%, to sell for $1.26111.
Baha Breaking News (BBN) / JJ
Happy Monday y’al
An Analysis of Centamin : https://www.youtube.com/watch?v=o3DhXyBF93g
There's no wonder that the jobs market is showing an increase with 11'000 Americans retiring every day and set to increase.
https://www.cbsnews.com/amp/news/retirement-medicare-401k-what-to-know-peak-65/#amp_tf=From%20%251%24s&aoh=17070364957740&referrer=https%3A%2F%2Fwww.google.com
What motivates Trump supporters? Simple: They want their country back.
WSJ: They might have lost a loved one in Iraq or Afghanistan. What was the sacrifice for? In the botched peace and withdrawal, they concluded that the foreign-policy elite don’t know what they’re doing. They are hesitant about Ukraine, Iran and Taiwan because the same crew is in charge. They’ll back an America that fights to win, but they don’t want their sons and daughters to die for America only to lose slowly.
In the 2007-08 financial crisis, they lost a house, a job or a business. They learned that the people in charge of the financial system don’t know what they’re doing (been going on for decades). ObamaCare sent them a health-insurance card that doesn’t work well when they get sick (?). They wonder: Do any of the policy wonks who promote this stuff actually use it themselves? They looked at Hillary Clinton and saw her insincerity, her nonprofit collecting millions, the way she said Trump supporters belong in a “basket of deplorables.” They gambled on Mr. Trump.
Then the establishment blew up. They saw the Federal Bureau of Investigation harass Mr. Trump’s appointees, much of official Washington fashion itself “the resistance,” the Russia-collusion hoax, years of pointless investigations.
In 2020 Covid hit. Trump supporters initially went along, trusting institutions. But the pandemic soon exposed the politicized incompetence of the Food and Drug Administration, the Centers for Disease Control and Prevention, and the scientific establishment. Lockdowns destroyed lives. Officials made up rules and ramped up censorship. Inquiries about whether the virus came from a lab leak, or anything negative about masks or vaccines, became “misinformation” subject to censorship. Trump supporters saw media, tech companies and national-security bigwigs suppress the news of the Hunter Biden laptop just in time for the election.
When schools went remote, parents found out what was actually going on inside the classrooms. Teachers were coaching students to hate themselves, their country and their religious traditions and sexualizing young children...
and so on, should be a bumper year for gold, going into the mayhem of a US Election
good luck punters, and investors...
the Gnome
The fed will reduce rates as inflation targets are being met.
Trump to FEDs Powell.
Your fired if I get re-elected.
Hence interest rates will go lower,to help Democrats in November.
Not really a surprise ,the way the FEDs actions have been in the recent past.
Enjoy your weekend all LTH.
Gold closes at $2039.95. ,clearly shows who is in control-
An excellent recovery, from US job figures.
Spot gold becoming more and more in control.
The price of precious metals dropped on Friday after the release of the nonfarm payrolls report for January, which revealed the addition of 353,000 jobs. This figure exceeded the analysts' forecast of 185,000.
According to the report, the unemployment rate in the country stood at 3.7%, lower than the estimated 3.8%. This indication of a robust labor market seemed to divert investors' attention away from non-interest-bearing metals.
Gold fell by 1.28% at 9:06 am ET and sold for $2,029.17 per ounce, while silver slumped 2.85% to go for $22.53 per ounce at the same time. Platinum declined by 1.22%, going for $905.45 per ounce and palladium lost 1.32%, selling for $944.35 per ounce.
Baha Breaking News (BBN) / RR
Quite so Mr Bond, but then we long term holders wouldn't really expect anything any different than the usual Friday smack down based on flawed and manipulated data!
The CFD traders and the like will all be bailing out to avoid the possible Monday morning gap down bashing them through their stops!
POG already recovering!