The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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So they spend $90M to deliver $300M in the ground value and 6 years future supply of gold. This adds at least 10% to the value of the company by that time. Centamin is a growth company again. Expect the odd share rally when drill results get delivered and inferred becomes resources and reserves. Positive RNS that could take us a few pennies today.
WITH SPELLCHECK CHANGES UNDONE:
Gosh just what we need, finally good news and alongside rising gold, maybe Horgan has got all the bad out early and left some surprises on the upside as any new ceo does; IF both these (the company and gold) continue in this vein, that target of 110 should be surpassed and my 130 this year looks attainable (famous last words) anyway very pleasing, also both my ITV and Autolus had double figure rises this week, THS and Hoc up 25% in a month….oh now may this just be the start of replacing what has been an annua horribilis (esp building wise)
This one is also useful
https://www.centamin.com/assets/abc-project/
I think this is the correct link?
https://www.centamin.com/media/2454/abc_kona_ni43_101_2021_101121_external_combined.pdf
Gosh just what we need, finally good news and alongside rising gold, maybe Horgan has got all the bad out early and left some surprises on the upside as any new ceo does; IF both these the (company and gold)continue in this vein that target of 110 should be surpassed and my 130 this year looks attainable (famous last words) anyway very pleasing, also both my ITV and autobus had double figure rises this week, THS and Hoc up 25% in a month….oh now may this just be the start of replacing what has been an annua bori iOS (esp building wise)
Centamin plc is pleased to announce that it has filed the?NI43-101?Technical Report ("Technical Report") for the Kona Gold Deposit Mineral Resource update announced on 23 September 2021. The Kona license is one of three prospective licenses spanning 90km within the ABC Project in western Cote d'Ivoire.
The Technical Report is available under the Company's profile on www.sedar.com. The press release in relation to the ABC Mineral Resource update is available on the Company's website via the following link: https://www.centamin.com/media/2436/cey-rns_cme_geology-announcement_final_220921.pdf
FOR MORE INFORMATION, please visit the website www.centamin.com or contact:
European stocks were lower in premarket trading as investors digested earnings reports from companies including Siemens, ArcelorMittal and RWE and awaited several economic data releases from the United Kingdom.
The FTSE lost 0.29%, the DAX declined 0.27% and the CAC fell 0.29% at 6:56 am CET.
The euro traded flat against the dollar, going for 1.14808 at 7:21 am CET and the pound added 0.10% compared to the greenback to sell for 1.34221 at 7:22 am CET.
Breaking the News / NP
Candid, I have already said several times that I invest in several of the major cryptos - the ones I consider the key ones to spread my risk(I would suggest research here as to which ones you prefer and why) I do the same with gold stocks and same across my portfolio with all things :-).
You are right in that I invested years ago and got my initial investment out x3 so even if it goes to zero has been great, but I obviously don’t expect this and it’s worth the risk/benefit for me. As I’ve said a few times, I have not increased my stake in cryptos for now, it would dislodge something else and I’m happy with my overall portfolio from a risk perspective. There remains potential for massive gains and equal losses- I also do not plan to increase my gold stocks holding either- less risk than crypto but gold is my next highest risk asset, and we know these can swing and drop on a single unscheduled RNS like here. Gold mining has big risk but also potential for big gains
I am happy with my portfolio spread, only you can answer the question on what to invest in.
Good luck with whatever you decide :-).
“And Naeem Aslam at Avatrade: “For gold, which is a perfect inflation hedge, we see massive upward moves. Basically, gold is on fire and so it bitcoin which is also inflation hedge. This is despite the fact that the dollar index is up as traders believe that the fed is behind the curve and they need to do something to control the pace of inflation.”
I think it takes a brave soul to pile into BTC. But fair play if you can make a quick buck and run. Too much stress for me.
I (eventually) managed to slice 20% of my CEY today at 99.8p. Will be chuffed if the rise continues - but if there’s another drop towards 89p at least I have some cash in my gold pot!
I wonder if BTC bubble bursts or Elon musk sends 1 mistimed tweet if those BTC hedges will be moved to Gold - could cause quite a rally!
Maybe it is gnome. What you say certainly makes sense with how things are developing .
Ok I am off to bed .
Goodnight . Let's see what transpires tomorrow .
Interesting argument about cryptoi's not going through the usual investment cycle? Is it because its more than a investment, outside of the realm of normal investment, outside of being a currency, outside of being subject to supply and demand cycles, such that the demand will always be greater than supply (which is finite)
best
Thanks Gnome ..I will read that with interest . It is certainly inline with world wide goals ..but yes , fundmanagers, consultants , company advisers and paid commentators will definitely get in on the action , but the movement in ESG's is a worthwhile thing ?
It seems that the heavy sellers maybe in retreat for CEY (the OPM brigade), leaving the market for CEY, more in balance. One way to watch the balance is look at how well the CEY SP moves in relation to the POG.
People playing with OPM almost never make the same moves as the investor with real skin in the game, but they can distort the market. The fundies generally have the messiah, who earns his.her keep by making bets with OPM< and of course they are so much better informed than the market, which is why the messiah is the messiah and is paid handomely by OPM's.
We then move into the active versus passive investent argument. As Buffet said ...“Active (the messiahs relm) investing as a whole is certain to lead to worse-than-average results,” Buffett / 2016 interview with CNBC. Of course the messiah does not like this,
...In the 15-year time span that ended in 2019, only 37% of mutual funds (with their messiahs) invested in U.S. stocks outstripped their benchmark index in a given year, on average, according to Morningstar...
US consumer prices rose last month at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge. Its going to be a long recovery. We are trying to source electronic componentry for some instrumentaiton we are building...9 month wait....good luck on the recovery.
Wages increases without productivity increase will lead to inflation ... and that where we are going ...If the wages dont increase, then there will be a lot of strikes, disruption to services etc...and productivty will go further down, prices up...interesting times.
So onwards and upwards
the gnome
Ok one more post on this and then I am done .
I met two buyers of bitcoin recently ...my taxi driver told me that he has bought some to boost his deposit on a house ...my hairdresser told me she bought some to be able to afford a more lavish wedding ceremony later in the year ...when I asked them both what bitcoin was , they didn't know but they were confident it would make them lots of money
I read an article somewhere , that said cryptos (but bitcoin in particular) would go through a cycle beginning with buyer hysteria , disappointment when it doesn't make the returns they had hoped , disillusionment when they lose money and ending up with disposal when they lose faith in it .
Crashes don't happen , when there are too many sellers, they happen when there are no buyers .
My son laughs at me and talks to me in condescending terms telling me that I am out of touch with the direction the world is going .
Maybe he is right ...he has certainly made a fortune from it .
Watch the ESG space. Its in with the ethical investing bag. Ethical ETF's will only invest in those companies which meet the ESG and ethical KPI's. A new set of accountabilities. It seems you can't be ethical unless you meet ESG criteria. And the ESG criteria have not been firmly established. How does one measure Social KPI's..etc...a work in progress (at the companies expense, and here are high paid consultants to help you), CEY on the right track to meet the E in the ESG, S and G. In times gone be it would have been a fail in the G for previous board..onwards and upwards.
https://www.clearbridgeinvestments.com.au/perspectives/incorporating-esg-analysis-in-infrastructure-investing/
The circus moves on!
best
the gnome
A couple more Steve
3. You make comparisons with gold and gold stocks and risk ...Unlike Bitcoin , gold does have lasting uses.
50 % of it is used for jewellery . approx 10 % and rising is used by tech companies and a further 10 % by world banks. Only 30% ish is used for investment purposes as a hedge mainly.
Put simply gold mining companies satisfy this demand at a profit . The equity risk is there, but cyclical .
4. Finally consider this .. the price dropped by 6 % in an hour tonight . You and others have already made a lot of money which is great news for you all ...
My question is this . If you weren't already in crypto , would you buy in at £50 k ish ? If not then would it be advisable to skim off profits now .
As a footnote . Bitcoin which to me still has an undefined purpose . has gone up 400% this year ...if you want to remain in Crypto then how about diversifying some of your bitcoin into Etherum ..it actually has an additional use within smart contracts . It is still being developed yes . but it does have backing in this development by several Fortune 500 companies.
Oh by the way it's price has gone up nearly 1200% in the past year.
Worth a thought . I am sure you won't change your current investment philosophy, hardly surprising given the success it has brought you. but it's worth making a mental note maybe .
Steve a few cautionary words about bitcoin
1. Timing affects speed and rate of returns. Those who bought at the start of the new tax year in April , are barely breaking even. In fact they had lost 50 % of their investment by July . Fortunately new buyers emerged ..just imagine what will happen when new buyers don't emerge
2. Bitcoin was invented by a few techhy guys to combat the banking crisis in 2009 , to remove exposure to fiat currencies..that was it's sole purpose..when fears subsided it took on a different narrative as a medium of exchange, a poor one it turned out to be , then it reinvented itself as a store of value .??
Surely you don't think the price can keep rising ad infinitum ?
Thanks for bringing up ESGs ...I had never heard of them before
Sotolo They won't get hit with 4th quarter results. Quarter 3 marked the end of the unfavourable quarter 2021 results with same quarter 2020 results .
The production for 4th quarter 2020 was less than 70,000 ounces so expect quarter 4 this year to be around 50% higher.. this should boost the selling price of the share quite significantly.
The rise will still be muted though, because the year on year result will still be unfavourable . But once 2022 begins then the quarter on quarter comparison will then be 2021 so there should be no more year on year unfavourable comparisons.
Providing there is no collapse in the gold price then Centamins share price might well have bottomed out when it fell to 89.9p about a month ago
Here's hoping !
Halfords (HFD) 333.80 +19.81%
Marks & Spencer (MKS) 226.50 +16.48%
John Lewis (JLH) 1.45 +16.00%
Here's an example of what I said a few days ago, re: 'all miners rising with the price of gold'.
Here are the top 20 risers on the TSX today - almost all are gold/silver miners:
Endeavour Silver
Barrick Gold
Ssr Mining
.
Alamos Gold
Kinross Gold
Kirkland Lake Gold
Agnico Eagle Mines
B2Gold
YTamana Gold
Lamgold
.
Oceanagold
Wheaton Precious Metals
Wesdome Gold Mines
.
Torex Gold
Equinox Gold
.
First Majestic Silver
I think it will hold/rise- the US data at 13:30 was enough to spook many that “transitory” may be a longer “transitory” than the Fed said… here’s hoping - no one know for sure…
Tee’d the share price up it would be nice for the company to release some positive news so the pps would rise even farther…
Or 7am on Tuesday would also hit the mark when they’re presenting at the RBCCM Global Mining & Metals Conference
Glad today happened anyway, it was well overdue.
@SteveJones: "Pretty much, as expected, all PMs rose well"
100% accurate. As I said a few days ago. All boats rise with an incoming tide. Today's CEY rise was 99.99% due to the rise in gold. I just hope PM prices can be maintained. Gold has already lost half its rise today and that will no-doubt impact CEY tomorrow unless PM power back up in Asia.
Glad to see the 1pound......can now see this easily upto 110 by next week.