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Hi Mr Bond,
Oh I agree about the politicians being inept and out of touch , but the services could be far better managed as a fully an integrated and standardised transport basis as they are in Germany by professionals.
Tibbs
No cuts in March is the bet and probably not going up in rates. Bond rates only short term and 10 year higher.
Yep PCE down but spends up.
Mid year cut most likely.
See as supportive overall this and yesterday.
Fed done a good job last few years- I said soft landing ages ago when pretty much all analyst were saying all doom and gloom- they got it wrong as per the norm these days.
Look at the data and make your own decisions
Do not follow charts or individual analysts and “experts”
Nothing much in the data. Quite neutral this time.
Tibbs todays politicians running a train company good luck with that.
The data yesterday was supportive and was surprised rise was only minor and muted gold response- data drop today as I said on Monday is more key-
Major stock indexes in Europe traded X during the premarket session on Friday as investors assessed the latest report on consumer confidence in the United Kingdom showed signs of improvement. In addition, German consumer confidence data is scheduled for release before the opening bell. Traders also digested yesterday's European Central Bank's decision to keep interest rates unchanged.
The Dax % and the FTSE 100 were flat at 8:00 am CET. At the same time, the Euro Stoxx 50 rose by 0.27%.
The euro lost 0.09% against the dollar at 7:58 am CET, selling for $1.08305. Simultaneously, the pound fell by 0.07% compared to the greenback, to go for $1.26971.
Baha Breaking News (BBN) / JJ
Happy Friday y’al
Enjoy your weekend.
Gold currently $2022.34
No, hardly practical and increased carbon footprint, so take the franchises back into public ownership and standardise ticket prices is the answer.
Well the solution is to go by air. dont you think ?
If it's not bad enough that Avanti West Coast makes passengers pay for the worst train service in the UK!
Leaked slides from an internal Avanti West Coast presentation, whose services are notorious for disruption, delays, short-notice cancellations and overcrowding, show senior management at the operator calling taxpayer money “too good to be true”.
https://act.38degrees.org.uk/act/avanti-bonuses?utm_source=email&utm_medium=email&utm_campaign=blast44138
"As-salamu alaykum" Alhamed
Thank you for posting the link and for your warm greetings and welcome to all investors in Egypt!
Tibbs
Fair comment Mizolgit, but in hindsight the Centamin BOD have behaved pretty irresponsibly or foolishly in the past!
It is reported over 60 companies abroad wish to join the rich treasure hunting Egypt provided
God's servant Sisi has made a golden compass pointing to the Pharaoh lands
no one else could have done this better , by the help of the almighty , people will eat and be full , drink and be satisfied , the workers in the ground , like an ant , full figs full of sugars
you are rewarded, foreigner , in our lands , welcome welcome welcome
https://www.zawya.com/en/projects/mining/60-firms-bid-for-gold-hunting-in-egypt-fnmsr61y
Centamin has more than enough on its plate ,to bother chasing M&A s.
It would be somewhat stupid.
Gold miners should outperform the bullion price this year, according to analysts at Liberum spurred by an outbreak of mergers and acquisitions across the sector.
Liberum has upgraded both Endeavour Mining and Centamin to 'buy', from 'sell' and 'hold' respectively, though its favourite remains UK-listed house stock Caledonia.
“Centamin arguably has the more pressing need to engage in M&A.”
http://tinyurl.com/bdhw3wmj
Hi Dasut,
Thank you for pointing out my error, "In the early years" was part of a sentence uncompleted that I should have deleted!
Yes you are also correct again,I should have quoted the Group Resource and Reserve Statement presented on 19th November.
Kind Regards
Tibbs
Starting from 1 Jan 2004. * half a penny plus gap
25 October 2004 9.75p- 9.88p.
23 August 2005 12.5p 12.75p
3 July 2013 31.15p to 31.75p.*
23 December 2013 41.14p to 41.17p
28 March 2014 49.6p to 49.72p
25 Jan 2016 62.65p to 62.90p
3 Feb 2016 67.3p to 68.38p *
5 Feb 2016 70.2p to 70.3p
15 July 2022 74.42 to 75.26p *
27 Oct 2023 79.9p to 80.1p
17 Jan 2024 91.5 to 92.1p *
and the recent one I mentioned at 93.05p that opened above 94p *
In 20 years we have just 5 years with more than 0.5p gap in charts.
Tibbs As far as I am aware they didn't revise the quarterly report they revised the Group Resource and Reserve Statement presented on 19th November.
You must get your head around the reduction in grades in the open pit during the last quarter as an average impacted by them mining the below low cut off grade and classifying as ore and delivered to the "leach pad" rather than treating this as waste and dumping on the waste dump.
I am not sure what revised quarterly report you are talking about and where you are getting the open pit feed grade of between 1.0 and 1.2 in the early years.
A feed grade isn't an open pit or underground grade it is an average of both.
Regarding the question to close down the open pit and just mine the more lucrative underground. If they did this the number of tonnes through the plant would increase the costs involved in processing by uneconomic multiples and the reduction in ounces would make the mine totally uneconomical.
Hi Guys.
One of my friends asked if I had looked at Centamin because they cant seem make up their minds what they have in the ground?
Oh well seems that nothing has really changed with the share price then?
Cheers for now!
Pam
Wouldn't we all, but doubtful because their RNS Quarterly report update accuracy can't be relied upon it seems!
What else hasn't been reported accurately ?
I wonder if it will be three times the charm here as the stock has made two unsuccessful attempts at busting through and staying above 100p in the last couple of months
Would love a return to 120-125p
I get you Steve - charts, sentiment & a little patience, more often than not is effective for me. As you say, each to their own.
Hi M Henderson,
As you may be aware it seems in the past their plans had higher grades and lower strip ratios which proved wrong!
Also although denied by the company Andrew Pardey the 2015 original analysts modelling it showed the open pit to be very marginal and that was at higher grade and lower strip ratio.
I had written to Centamin IR after the initial and now corrected/revised quarterly report asking if it were commercially viable to keep operating the open pit and would it make financial sense just to close it and concentrate on the underground profitable operations ?
I received no reply from Centamin although by coincidence they issued a corrected quarterly report now showing the open pit feed grade varying between 1.0 and 1.2 g/r in the early years, which is a substantial improvement from current levels!
The original presentation avoided showing the forecast open pit grades as though they were only giving half the story for whatever reason?
Although on this revised quarterly update the grades appear improved should the grade quality deteriorate again or prove unreliable then the financial performance for 2025 - 2028 would likely be disappointing!
Tibbs
Making investment decisions on chart is nuts.
I've proved this so many times on this board.
Each to their own.
Agreed Tony. I’m out for a while, though I’m guessing not too long to wait.