George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Needs pog back above $1800 and im sure the sp will rise back over £1
European indexes were slightly higher in premarket trading on Tuesday as investors continued to focus on the political situation in Germany. Olaf Scholz is hoping to form a government with the Greens and the Free Democratic Party (FDP) after his Social Democratic Party (SPD) narrowly won the parliamentary elections with 25.7% of the vote. However, coalition talks could take months as the Christian Democratic Union and Christian Social Union (CDU/CSU) which secured 24.1% will also seek to form a government with the two smaller parties.
The DAX rose 0.18% at 7:24 am CET, the FTSE 100 was up 0.09% at the same time and the CAC 0.11% gained at 7:11 am CET.
The euro was flat against the dollar, going for 1.16996 at 7:25 am CET, while the pound added 0.11% compared to the US currency to sell for 1.37137 at the same time.
Breaking the News / NP
A bigger risk might be the resulting hyper inflation as governments wont be able to afford the INTEREST payments on their debt , let alone wind it down .
Something will have to give ...nothing like a bout of hyper inflation to erode the real value of debt ..doesn't come without a cost elsewhere of course . In the end it's all a zero sum game .
I do find your comments on this reassuring and balanced. ...Whilst it might be too early to say , I think there may be signs that the share price is bottoming out , and that one piece of good news , released in a less than discreet way, could bring about an upswing in price momentum .
At the very least , in the absence of any bad news , there wouldn't appear to be any reasons to justify any further falls , apart from the gold price of course ..because at the moment, this appears to be the major price determinant.
Not necessarily .. Capital reported a record interim net profit at the half year . It could very easily be set up as a decentralised but centrally controlled upstream asset. Furthermore Capital has contracts with most other mining companies in the area . It might represent a strategic asset .
I agree it would be non core , and maybe too much of a distraction from core gold mining activity , but I wouldn't entirely dismiss it, without undertaking a preliminary due diligence review. .
Of course if the idea were to be dismissed for any of the above reasons , then there remains 30% of Centamins net asset base, cash backed, earning zero IRR
That's an idea. But I'm not sure the future ROI from a drilling company is very appealing - at least not to gold bugs.
My thoughts Cowichan is that Centamin has $300 million in the bank lying idle. Capitals market value is $210 million.
Centamin should be acquiring Capital not going into partnership with them ..but I have posted about this on another thread.
Hey steady on !!
Wanting to be taken over ?. .
I have the opposite view ...Cey have $300 million yes $300 million in the bank with no offsetting debt.
Put this another 30% of Centamin's entire net asset base is lying idle in the bank earning next to know interest
The market value of Capital is £150 million or $210 million .. even a 30 % premium on this would allow Centamin to acquire them , and still have money left over to carry out the exploration work it has already committed to ..
it's important to bear in mind that Centamin will be paying out $105 million in dividends to us this year alone .
The acquisition of Capital would no doubt bring about certain synergies and more importantly , increase its Centamins nfluence in the area Just a thought ..or rather a question, that I put to the Centamin Board ..it won't get raised on Thursday I know that , but it might stimulate some thinking and dialogue within the management team .
By the way if you want a good read , then read the LSE conversation for Capital . Centamin is mentioned quite a lot
There might well be good reasons why Centamin and Capital are not a strategic fit ( tax differences etc )
But I think it would be worthy of consideration
Reserve Bank of Australia in their June 2021 bulletin, titled The Global Fiscal Response to COVID-19 , mentioned ...“globally, the fiscal policy response to the COVID-19 crisis has been the largest and fastest in peacetime”.
https://www.rba.gov.au/publications/bulletin/2021/jun/the-global-fiscal-response-to-covid-19.html
According to the researchers, higher levels of government spending will continue after infections have been brought under control, although the emphasis will shift, with “a greater focus on public investment, particularly in green and digital initiatives, incentives for more consumption and private investment, and retraining programs for workers in those sectors that are expected to have been severely impacted during the pandemic”.
Not surprisingly, this surge in spending has pushed global government debt levels to the highest level since World War II.
According to the Institute of International Finance, global government debt climbed to 105 per cent of global gross domestic product in 2020, from 88 per cent before the pandemic.
https://www.iif.com/Research/Capital-Flows-and-Debt/Global-Debt-Monitor
Dillon Hale is an advisor to family offices.
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Total government debt could rise by an extra $US10 trillion ($13.7 trillion) this year to hit $US92 trillion, with developing countries accounting for the bulk of the increase.
The risk, of course, is that financial markets will eventually become anxious about this explosion in government debt, and will push interest rates higher to compensate for the growing risk.
Bring on a takeover, at least I can cut my losses and move on
I for one would not want any takeover , nor would the Company.
The future prospects are far too good.
The geology report out in recent days would makes a great read for any company interested in a takeover. I was thinking at this SP, the geology report is almost an invite for a takeover. Let's see what happens..... it can only be good right? I suppose it depends on your average. I am fairly new to CEY and would be over the moon with a £1.50 bid price.
In West Africa there are many well established Mining Contractors which is good because Capital will need to be keen with their pricing as it is a cut throat business and would be a fascinating head to head with Ausdrill/AMS as there will be the need for a total contract inclusive of drill rigs.
Equities on major European stock exchanges were higher in premarket trade on Monday after the German Federal Returning Officer released preliminary election results, according to which the Social Democratic Party (SPD) won the most votes, followed by the Christian Democratic Union/Christian Social Union alliance and the Greens. Meanwhile, the UK has suspended competition laws to deal with fuel supply chain issues.
The DAX grew 0.51%, London's FTSE 100 increased by 0.69% and the CAC 40 gained 0.47% at 7:21 am CET.
The euro and the British pound were flat compared to the dollar at 7:24 am CET, selling for 1.17233 and 1.36780, respectively.
Breaking the News / MS
Torn...
I think it seems reaonsbale to assume they will go after that sort of target very quickly, and share the result.
One of things they are going to have to be caeful about is the gold turn around at the assay Labs in West Africa, if they want o effectively move the project forward quickly. It is abysmally slow, as it is in many places, so they need to think about this now and act quickly. There are ways now, as per a previous post I made
best
the Gnome
I remain fixated on the MandA activity, and the business starts in the usual place
A buyout boom fueled by easy money and a looming hike in the capital-gains tax is sweeping Wall Street deal making to highs not seen since before the 2008 financial crisis.
Companies have issued $120 billion of “leveraged loans” this year through Sept. 23 to finance corporate buyouts by private-equity firms—just shy of the $124 billion record for the first nine months of the year set in 2007, according to data from S&P Global Market Intelligence’s LCD.
A mix of government policies have primed the LBO frenzy. Easy money and low interest rates have pushed investors toward the high yields that leveraged loans pay. Meanwhile, company owners are trying to cut deals ahead of anticipated tax overhauls.
Sibanye Stillwater's (NYSE:SBSW) CEO Neal Froneman has suggested gold miners AngloGold Ashanti (NYSE:AU) and Gold Fields (NYSE:GFI) should combine with Sibanye...
The cost focus as well as brownfield focus (starving greenfields exploration), lack of an low lying fruit for Juniors (plus lack of any success) has pushed themajor gold players into the MandA rooms for growth ... A McKinsey analysis (2020) suggests that, as a result, reserves of major gold companies have decreased by approximately 30 percent since 2012. So the deterent to date has been premiums in the market valuation of Gold Companies, but with the SP of most majors being down , then the premium to be paid is not the deterrant it used to be...and if the SP of the Gold Companies conintues to be down, and the int rates down, then life could be interesting.
Could the new man at the helm repeat his last performance, at Toro? Just an idle thought
the gnome
Lehman Bros,please excuse spelling.
Yes Mr Tibbles I agree with your logic regarding suppression of the POG.
They need desperately to cover their paper,it could lead to total failures if they cannot.
That would likely end in more Leamon Bros like failures.
That in turn likely to bring a World wide crash.
God forbid, because everyone would suffer.
IMHO.
Wiscos,
It's like college lecture, although at the beginning subject matter may seem boring or irrelevant to get any real benefit one has to listen through to the the end, these broadcast's need to be watched just like a series of college lectures,because each one leads into the next and so on.
To be fair to Andrew he did explain a while back in an early broadcast that the positive effects of Basel 3 on POG wouldn't happen over night, but that there would be an initial phase of the POG being suppressed as clearing banks and BIS attempt to unwind a substantial amount of paper positions, exactly what is happening now.
You may be aware of the silver price & gold price ratio , hence the subjects covered in this broadcast.
After reading through the geology, I suspect investing the area previously giving 10g/t in North Sukari should be checked out if meaningful quantities of tonnage could be mined and trucked (electric or hydrogen /platinum cell) down to the Sukari plant. This would supplement the Sukari underground ore grade and tonnage. Hopefully they might touch on it in the webinar.
"eventually, there will be a turning point, where gold will start to act as an inflationary hedge."
"Until gold can start behaving like a hedge against rising prices, it is likely to remain vulnerable"
https://www.kitco.com/news/2021-09-24/The-real-gold-price-test-is-coming-next-week-analysts.html
I'm not highly convinced by the Basel 3 issue. Manipulation - yes of course, just like all markets. With PE, Hedge Funds, short sellers, huge Asset Managers and all the rest it's inevitable but I do believe value wins through in the end. Gold has suffered from crypto and the printing of huge sums of money by governments. But it still has allure. Long term gold returns still looking decent enough. Centamin needs to keep the solid progress and should benefit short, medium and long term.
Good morning all.
The tide seems to be turning for CEY.
But like the tide gradually.
I am begging to feel a little more confident.
It seems an age since the good times
But in reallity they were nothing but false misleading figures.
Better times ahead maybe.
Have a good weekend all.
I was hoping to watch something illuminating and interesting. I just found the content very weak and the presentation poor. Sorry. I'm sure there was good stuff in there but after 12 minutes I'd had enough... Hoping the Chinese crypto situation will help the PoG.
Hi Wiscos,
Perhaps you would care to explain the rational to back up your opinion on considering by your own admission you only watched for a while?
Possibly you have some understanding of the situation that is contrary to Andrews conclusions on why POG is being suppressed and the effect that Basel 3 may have on the POG in 2022 that you are able to present to us?
Did you find the recent Capital Markets Geology presentation of interest?