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Oh dear Sotolo,
Well who would have guessed the Centamin share price is geared to the price of gold?
if you have the holding you claim then as well as expressing your despair on here your time may well be far better spent writing to Martin Horgan expressing your concerns, possibly asking him to explain his strategy and time frame for a return to lower AISC and a return to 500,000oz per annum at Sukari.
if you haven't done so already then you should watch Martin' Horgan's broadcast from the Denver forum, it may at least help you feel better, if not then you really ought to consider the reasons why you continue to hold this stock.
So this weekend why not compose that letter and get it off to Martin Horgan, he wants to hear from retail investors and you will have done something positive which may help you feel much better, it will at the very least make the management aware of another private investors views.
Cowichan..
Quite a few dogs down under, all gold miners! to put it mildly. Gold spot down by 2.3% but Gold Futures down by...not much....
So great time for the long term investors to take a position in a profitable gold mining company, no debt, no exposure to interest rate, positive change management coming down the back straight. Evolution Mining down 26% year to date, Northern Star down 29% YTD, St Barbara down 39% YTD Tough life for all gold miners at the moment...but watch the gold futures, the AISC margins, and EXPLORATION SUCCESS!!!
So winners on the gold EXPLORATION front, Predictive Discovery PDI:ASX great discovery in Guinea..took 15 years but thats life in the exploration business....Benz Mining BNZ:ASX Canada, African Gold A1G:ASX Cote IVoire and Mali to name a few ...
IN sharp contrast... 678 pre-revenue explorers on the ASX raised $2.54 billion in the June quarter (!!??), the third consecutive period of record cash inflows following low interest rates and soaring prices for commodities such as lithium, zinc, copper, nickel, coking coal, thermal coal, aluminium and uranium to name a few (gold missing)...and you can guess how many of these will be absolute dogs in the next 1-3 years. Some are nothing a re-hash of some deep low margin mines, long passed their use by dates. Some do OK...with near mine exporation success...see 29metals,
So Dogger sounds a bit down, hopefully he has a diversified portfolio. My Uranium stocks are going great, and my Sydney Airport shares also, up 50% in last 12 months...we are about to sell our main airport to global Infrastructure, not sure why we muck around worrying about having a defense force, everything worhtwhile is getting sold to foreign interests LOL. I do feel sorry for the French with their submarine building ... but when push comes to shove, they are ... French ...
best
the gnome
Kinross, Barrick, Yamana & B2Gold all most active in Toronto today and all at 52 week lows... complete dogs every one.
Next stop 60p for this one. Complete dog of a share.
Patryk the difference is last time gold was trading at $1300 Cey was making big profits on it, now if it traded at $1300 they would be making big losses. As such a high cost producer our profits and share price are currently very geared to the price of gold.
Just sit and wait .
As you are an investor not a trader the SP although not pleasant does not represent the value or future value of your investment.
The US as a world controlling Nation is in decline for various reasons ,they will drive all assets down if poss to protect the $.
The current Worlds Trading currency.
If that is lost then they are really in trouble with confidence in their currency, down the pan maybe.
It will take a few years more.
IMHO.
Iv watched CEY share price for years and what is puzzling is that when gold was 1300/oz, the share price was much higher than today and gold is still trading at 1750usd, plus this is a good dividend payer… I can’t believe that one is able to pick up shares here for 90p, however what worries me is what will happen to the SP if gold drops back to 1300 level/ which would not make any sense in today’s inflationary world…
Sorry Razors that link is not right.
file:///var/mobile/Library/SMS/Attachments/65/05/DFFFF5CE-1017-4010-B481-90A887DC05B8/v09044f70000botnkaorvqs3bmu8cq9g.mov
I like the idea Cowichan - It would be a bonus for existing shareholders if it came about. - Obviously, I can't say about MH, but the forces at play within Centamin in recent times have not been about the best interests of shareholders.- It's only been about their own best interests. - Even the chair of Endeavour picked-up on this.- Unless there has been a dramatic change in mindset and I'm not talking about a dramatic change in rhetoric, it's unlikely that things have changed.
McEwen Copper is another recent example of a spin-out of undervalued (or zero valued) mining assets into a new entity jointly owned by existing McEwen Mining shareholders and (soon) new public investors.
McEwen Mining had thus far been a great disappointment for early stage investors — but now that the gold and copper divisions can attract their own type of investors — there stands a better chance of value creation and development funding that doesn't impact the original company
To kick things off until the IPO sometime next year their Chairman, CEO and current largest shareholder Rob McEwen has personally invested $40 million into the new spin-out.
Hopefully Centamin can have a serious look at the spin-out option for Burkina Faso.
( i-80 gold in Nevada was an orphaned deposit much like Batie West - and in a few short months its really taken off with investors - attracting a deal with Barrick only last week )
McEwen Copper Video:
https://youtu.be/bjQ3LF5ykKE
McEwen Copper Presentation: https://s21.q4cdn.com/390685383/files/doc_presentations/2021/McEwen_Copper_Presentation_July_6_a.pdf
Don't worry, we will rise again. Though it tarries wait for it.
????????
There's a new buzz-word emerging, taken from the Lexicon that comes with the new-world of crypto-derivatives.
'Impermanent'. - So, at any given time, providing you haven't sold your position, you can be holding and 'Impermanent' loss or an 'Impermanent' gain.
You can't time the market ..but personal gains and losses only chrystalise when you sell . Until then they are just paper gains or losses
The other thing which is being mooted along with the possibility of raising rates is the fed gradually bringing an end to quantitive easing , both of which have a negative impact on gold price .
Early this morning there was another dump of paper on the market which has drven AU and PMs prices down, in fact a good proportion of shares suffered the same.
This will continue at least till the end of the year.
But a glimmer of hope, Jerome Powell after being pressured by Senators and Wall St ,ordered an investigation of FED members trading practices. About time. (Kitco News).
Now we all have to grin grumble and bear it.
The current gold price is being more influence by the prospect of the fed raising interest rates. Gold doesn't pay a dividend so in that sense , there is an opportunity cost of not being in interest earning cash .
I see the banks are doing their usual manipulative move yet again bloody disgusting when they shut down the little guys when they were making a few quid in their revolt when GameStop was being bought like mad putting pressure on the shorters who got their arse burnt.
It’s all one way traffic with the multi billon dollar banks.
But bugger them I’m in this share for the long haul and as Halfpenny said in his post I too can live a very comfortable life on the Dividend from CEY so keep the faith guys this is a good company and hopefully the management will now push it forward into a much more profitable business.
Also retail sales fell 1.8% in July so a 0.7% increase in August didn't even make up half that fall. Also family's with children got helicoptered $'s to keep them solvent.
If you listened to all the advice given you would be buying and selling 20 times a day! Be patient!
I laughed when someone said it's going down to 85p, I should have listened and sold when over a pound
Gold bullion banks getting some help to get out of short positions. August is return to school shopping month and this time children actually go to school and need clothes. It would be weird if retail sales had not increased both in USA and UK. Lets see if this finds its way back up over the coming week. Everything bought when priced in gold ounces is getting very expensive.
I will go along with that thinking Rebess.
They control the system certainly in the West ,but the Eastern countries are fed up with being threatened.
The dollars demise will be long and painful, with likely no gold to beck it.
As you have often said the future is gold backed crypto.
It looks like being the Yuen in 5 years.
Because China/Russia have accumulated so much gold, is part of their plan to make gold redundant and in doing so scupper their plans going forward? -They seem to be trying to achieve this in every other respect. - Given the history of gold, you would have to think this will be a difficult task. - Ordinarily it would be, but when you control the world's currency/monetary system already, maybe not so much of a task.