The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Steve every time you play some golf the share price goes up..
Tee time!
Sor, had it edited
Yes lol!!!!
Specialist- my 10year niece could communicate better!
As usual the comms specialists for CEY missing in translation...sigh
I was under the impression that the 1st December was clarifying the financial results of Centamin and the 8th December was a presentation on Sukari mine was 8th December. Two different reports. Unless things have changed (or I totally read it wrong !)
Capital have stayed ahead of schedule at sukari
Hopefully the slight change is for dramatic effect and the 8th will be a big "TA ---DA" unveiling.
Something else came to mind yesterday, and I may have this wrong. Its about clearing away that big pile of dirt. Im assuming that you start at the top and work down? So as you start to get lower down in the pile , then the rate of clearing should speed up? I suppose that might depend on the amout of plant available to shift it?
Yep that was a said a whole back- no one has managed to get any clarification despite efforts … it’s like politician answer for zero reason. They need to say the report originally planned to be published on 1st Dec will now be presented on 8th and nothing will come out on 1st December as previously communicated
Seems they have changed tack from report publication, to presentation.
The mind wonders!
So frustrating- why don’t they just say there is no info coming out on 1st December -
Poor comms in my view
C&p of email exchange:
Dear Sir/Madam
Please can you tell me is the life of mine report now due on the 1st or the 8th of December?
Thank you for your kind help.
Regards Xxxxxx
————-
Dear Xxxxxx,
The Sukari life of mine presentation will be hosted on Wednesday 8 December. Please find attached the details of the event.
We hope you can join us.
Best, Xxxx
Centamin displayed a notification on their calendar of upcoming events that they would release the “life of mine” report on December 1st then about ten days after REMOVED the note and replaced it with a note stating on December 8th they would hold a conference call to discuss the report.
Later they circulated an email which didn’t exactly clarify the date issue.
I could be wrong but it is my belief, even though other media sources are still dating December 1st that the release date for the report and the cc are one and the same, Dec 8th
With you Cowichan
I would like to see some disruption on the more than comfortable board of underperformers. Nice to have gender balance and whatever balances you want, but better to have a company whose share price is flying...and we havent seen this with the incumbent comfortable board.
Lets get traction, rubber onto the road ...
Gin and T anyone,
best
the gnome
Spoon,
The problems inherited cannot be fixed in a day. Having said that the walk needs to follow the talk (been plenty of the latter, not much of the former), and 12 months is not a bad time to achieve some evidence of the walk.
He is an inclusive manager, which means things will take longer, whilst he on baords all on the new journey. .. and off boards those that cant make it.
But he is also expected to be a leader, who gets things done, at the pace the market needs. Pushes the boundaries ...
Key things to watch is Dec 1 report and the presentation. We should hear the talk but ALSO see very clear evidence of the walk
At the moment is walking like a cautious government employee
All honeymoons come to an end sometime ... and it is about that time i feel
best
the gnome
Ho hum ...
A US inflation measure closely watched by the Federal Reserve posted its biggest year-on-year jump since the 1990s last month, adding to pressure on President Joe Biden as his White House scrambles to tame rising costs.
The Commerce Department’s core personal consumption expenditure index, which strips out volatile food and energy costs, rose 4.1 per cent in October compared with a year ago.
Battling high prices has become a central focus for Joe Biden’s economic team after recent data showed US consumer price growth jumping at the fastest pace in roughly three decades. AP
The jump represents a significant increase from the 3.7 per cent annual rise in September, and was in line with consensus forecasts.
When energy and food prices are included, the PCE price index rose 5 per cent compared with October 2020, faster than the 4.4 per cent rise in September. The data was released as part of a report that also showed personal income rising 0.5 per cent in October compared with the preceding month, while consumption rose 1.3 per cent.
Battling high prices has become a central focus for Mr Biden’s economic team after recent data showed US consumer price growth jumping at the fastest pace in roughly three decades, confounding hopes that inflationary pressures would be shortlived.
Wont be long before the new pandemic hits the next country/s
Hang onto your hats
the gnome
Shares on the major stock market indexes traded in the green in the premarket on Thursday as the investors anticipated the data on Germany's third-quarter gross domestic product growth, as well as December's consumer confidence estimate.
On the COVID front, Germany's weekly virus incidence rate reached a new high, while Italy introduced fresh restrictions for those who haven't been vaccinated.
The DAX gained 0.51% at 7:06 am CET, while the FTSE 100 moved up by 0.31% at the same time. Concurrently, in Paris, the CAC 40 advanced by 0.56%.
The euro strengthened 0.08% versus the dollar, selling for 1.12142 at 7:09 am CET, while the pound increased by 0.14% compared to the greenback, going for 1.33494 a minute later.
Breaking the News / BU
Hi Cowichan
I agree whole-heartedly with your comments but I cannot understand why you (and many other posters on this forum) seem to exonerate Martin Horgan from any responsibility & treat him as some sort of "sacred cow".
He has been CEO for an ample period of time now & I am yet to see any significant results - a lot of talk & "engagement with stakeholders" but very little in terms of actually setting & accomplishing meaningful goals which is what will drive improvement in share price.
In my experience, when you take on a distressed work out role as Horgan did with CEY, whilst it has its difficulties, you are pretty much given carte blanche to implement programs to achieve the turnaround which, if you know what you are doing, makes the task relatively easy. As is reflected in the share price, the progress of the turnaround so far has been pretty lacklustre.
I am not saying he is doing a bad job (not when compared to previous incumbents) I just feel his performance to date has been ordinary at best thus raising my question as to why he is treated with such reverence by some members of the forum?
No matter the progress I shall maintain my CEY holdings as I believe it to be undervalued & it continues to provide a healthy yield. However, improved performance of the board including & most importantly the CEO is needed on all fronts if we long suffering shareholders are to have any hope of a share price recovery.
RazorsEdge,
Its an absolute tragedy, those poor soles who paid big money to trafficing gangs only to be put in an overloaded inflatable and left to captain it themselves. Ended up paying the ultimate price. Action needs to be taken immediately against these people smuggling Mafia groups.
A look at the lack of progress Centamin PLC's board of directors (BOD) has managed since the Denver Gold Forum Presentation of 2018.
- Doropo in Cote D'ivoire was listed as a 'Medium' term growth project. Turns out the BOD is no more confident today as to the project's viability. Only informal comments to date place production post 2025
- Cleopatra in Egypt was listed as a 'Near' term growth project. Still waiting to hear if Cleopatra will even be added to low grade open pit resources.
- Batie West in Burkina Faso wasn't listed as 'Near', 'Medium' or 'Long' term - even though at the time it was the most advanced, shovel-ready project. Why?
- Sukari regional exploration was listed as a 'Long Term' growth project. Turns out this might provide truckable ounces to the existing plant BEFORE all the other 'Near' or Medium' term projects are even approved.
This backwards planning and execution shouldn't occur with a functioning, competent board.
#mining #gold James Rutherford Martin Horgan Ross Jerrard Sally Eyre Mark Bankes Marna Cloete Catharine Farrow Hennie Faul Capital Limited Buchanan Barrick Gold Corporation Endeavour Mining Corporation Mining Weekly
https://www.linkedin.com/posts/don-lawson-98619370_doropo-project-centamin-activity-6869379913082826752-htcA
Denver Gold Forum slide presentation image here:
https://twitter.com/DonLawson_/status/1463615318341808129
-------------------------------------->>>>
Apologies to those CEY investors wanting to turn the page on all this ancient history.
Don't get me wrong, I have great expectations for our new CEO - but I have very little faith in his old board of directors. But, miracles have been known to happen... especially around Xmas
I feel everybody's pain that is invested here as I have shares in POLY which has been hammered this week. I am looking very closely at CEY as I think the fact that its mine is in Egypt and that it only has one producing mine means that a lot of investors would consider it too risky which probably means this is the most undervalued UK listed gold producer. I dont expect the price of gold to go anywhere for the remainder of the year now as central banks are not going to make any new big decisions before the end of the year, it has been a very frustrating year for gold investors as we have watched all sorts of assets such as bitcoin and some low quality companies share prices jump whilst our main holdings of gold and gold miners have done very little for months. I am going to have a long think about whether to sell some of my bluechip shares to buy CEY because I think the possibility of this company being severely undervalued is quite high.
Anyway, this video is a great reminder to why we are betting our financial future on this yellow metal: https://www.youtube.com/watch?v=5_l-3vEGy8g
Some other things to think about when we have poor weeks like this:
commodity prices are going nuts causing consumer price inflation, this has happened whilst the dollar has been strong, what will commodity prices do should the dollar fall?
I think the case for $100bbl oil is high. Governments are patting themselves on the back for turning their back on oil and trying to stop funding for the oil industry. The world is not ready to be weaned off oil. Electronic vehicles are a long term answer but we are a long way off. Also all that electronic vehicles are doing is making natural gas the new crude oil because they run on electric that is produced mostly by gas-fired power stations. If and when oil prices go to $100bbl then I see inflation going much higher which will be good for gold
I think my message is keep the faith and think longer term when invested in gold miners. Whilst the share price does not look cheap historically, when you consider the price of gold now and the price of gold when the miners had a lower share price you will see how undervalued the sector is in relation to the price of gold.
Hoping to join you all as CEY shareholders real soon!
Thirty-one migrants headed for the UK have drowned in the English Channel near Calais after their boat sank.
I see two ways forward:
A) Gold is finished in the short and medium-term
B) Nothing changes at the Fed; inflation goes berserk and gold finally moves
It's not looking good for CEY in the short-term. Maybe late in the year/early next year and/or if the equity market crashes.
I look forward to the USA Senate hearings on the FED appointments. I hope Senator Warren is in fine form and again rakes over the Cabal corrupt activities and how self serving they are at the FED and being led by the 3 monkeys management oversight rule of see no evil, hear no evil and say no evil. I hope she calls for a full blown FED audit so everyone can see the mess they created and ask where has all the gold at Fort Knox gone.
Feels relentless for goldies at the mo, just relentless… the new fed chair overreaction is nuts and yet the nuts simply continues each day- at some point will reverse
Well, tell that to the 90,000 Russian troops now stationed on the Ukrainian border. Cutting gas to Ukraine doesn't stop them joining NATO. This is geopolitics, not economics.