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no we cannot having worked in the food industry most my life. Long unsociable hours do not suit most people - particularly when benefits are available to supplement more palatable part time jobs. Not sure what its got to do with Centamin.
Last,6 months went from 120p down to 91.5p well so far anyway, what will the next 6 months be like?
The lack of lorry drivers is not only caused by Brexit and I am increasingly frustrated to hear Brexit used as an excuse for everything. Someone from Iceland (shop not country) management was bemoaning the lorry driver issues and casually blamed brexit. He stated that he needed six months to train a lorry driver, we have known that Brexit was going to happen for years not months, why did he not take action and prepare for it, either getting drivers into training or making sure that the UK based drivers they had were keen to stay. Most interviews with drivers have given the same impression, younger people are not looking to join the profession due to the appalling pay and conditions. Perhaps sorting that out earlier would have prevented the shortage of drivers rather than just waiting and using Brexit as a scapegoat. The same applies to the lack of other 'seasonal workers'. Why should we expect EU workers to do jobs for pay and conditions that UK people wouldn't accept?
I voted to remain but Brexit happened, that's life.
Rebess--I feel your pain. Your frustration comes through at times. Ive been here about 9 years now , buying on the way up and the way down. If it wasnt for the dividends I'd probablly be down.
Im hoping that Martin Horgan has some good news for us soon and pulls a rabbit or 3 out of the hat. It would be nice to get those golden flip flops before Im in a coffin. This is really painful when you look at the price just over a year ago.
One thing that keeps me going, is the thought that if Egypt want more investors in the country, they really need for Centamin to be a success. Another thing is didnt Cowichan find that 46? big alloy bodied trucks had been ordered? That is not the sort of thing to do if all you are going to be shifting is dirt is it? I mean you hope that there will be a fair bit of gold in there as well .
Im not saying that Martin Horgan has been underplaying things, but if he had got things back on track a bit earlier, then it wouldnt have looked like the previous management had b-llsed up. I think enough time has passed now that he can produce better figures than forecast and substantially better ones the next quarter.
Im hoping we will get up near the £3 a share that Sotolo forecast in summer of last year, in the not too distant future, but in the shortish term, Id be happy with the £1.30 that D ryan forecast the last time he was in this share earlier in the year.
Who knows? Maybe Andrew Maguire will finally be right.
Mr T--you really do need to wind your neck in in here. I agree with a lot of what you put , but here is not the place. Whatever you think, we have to live with Brexit now. Do you think we will have another Referendum like the Scots do with independence? :-)
Huge hikes are officially sanctioned. The price cap rises by £140/yr on 1 Oct - hitting millions. And it'll likely rise again after that
The majority of homes in England, Scotland and Wales (Northern Ireland is different, see NI energy help) are on standard tariffs, dictated by the regulator Ofgem's price cap. In reality, this isn't actually a cap on price, but on rate, as the more you use, the more you pay.
On 1 Oct, the cap will rise by an average 12% for those on billed meters and 13% for those on prepay meters. All big-name energy firms are pushing their standard rates to the max.
To put that in context, for someone on typical use today the cap is £1,138/yr. From 1 Oct, it will be £1,277/yr. So £100 a month will be less than the average.
The cap lasts six months. It'll change again in April. It's set based on wholesale prices over an assessment period. That's already started for April, and so far it looks like it'll rise again. (See our price cap FAQs for more on how the cap works.)
TOP TIP: Did you compare when the price cap news was announced? If so, you will have been given the wrong price. When Ofgem announced the new rate on 6 Aug it made the news and newspaper headlines, so people rushed to do comparisons.
Yet for those on standard tariffs, the results would've been underplayed as the new prices weren't yet in the databases (comparison sites can't update prices until the firms announce their specific changes - normally a couple of weeks after Ofgem). So even if you did it then, compare now to see the real results.
3. Are you with British Gas, E.on, EDF, Scottish Power or SSE on a standard tariff? Even if savings are small, lock into a cheap fix now to protect against the likely FUTURE hike
The price given on all comparison sites is done over the next 12 months, but the price cap only lasts for six months. And as I've explained above, the mood music is that it will rise again then.
So if you do a cheap 1yr fixed comparison and you can lock in at a cheaper rate for a year, it's worth doing even if the saving is only a few quid, as the likelihood is over the next year the price cap will rise, so your real savings will be bigger.
At least Centamin AISC will be reducing as the open pit clear up continues and the solar power comes on stream , even more so if the POG rises as predicted in 2022!
Followed this stock since buying in and out from a quid to 2 a while back and bought on the day movement in the wall closed off that part of the mine. Sold that day at about 1.75 giving some profit back but have seen it march all the way south and not been tempted. Reasons: 1. That was the second operational issue in 3-4 years and Centamin is a bit of dogsh8t mine and always has been. 2. Its no longer world-class and I don't see Newmont or Barrick coming in for it. 3. Its a single entity in a country that could easily go the way of Tanzania and Acacia so riskier than a larger miner for sure. Those reasons are primarily why its trading at such a discount. Its high risk. The market has a long memory and so to attract new investors, the GP would have to rise as I can't see why this would go up of its own accord. Its now pegged at the existing GP and there are better bets out there in this space. That said if it does go down to 75p it'd be pure madness not to buy as it looks like an attractive trade already. aka in and out before the next operational drama or a Govt change in policy. GLA!!! Can see a good 20-30% gain on this as winter Covid and market jitters start to land in Q4. Not quite tempting enough. Yet.
No, I didn't.
Going to be increasingly difficult to ignore as it will certainly affect all UK Farming ,fishing,ftse companies and other businesses, ie costs , profits, dividend's , even our basic freedom's which are being systematically restricted .
Then of course there are the increasingly empty shelves that will face the public, all unnecessary and brought about by lies, deceit and gullibility!
European stocks ticked up on Friday morning even as data showed UK economic growth slowed in July despite the ease of lockdown restrictions and the economy opening up.
https://uk.finance.yahoo.com/news/european-markets-rise-as-uk-economy-recovery-slows-081925793.html
PayPal is increasing fees that will affect business with the EU – British companies will be charged a 1.29 per cent fee for payments from the European Economic Area (EEA) and vice versa.
https://uk.finance.yahoo.com/brexit-paypal-introduces-fees-between-162702821.html
The boss of the Food and Drink Federation has said that the days when UK consumers could expect to pick up nearly whatever product they want whenever they want from supermarket shelves are over. (PA)
https://uk.finance.yahoo.com/news/going-worse-uk-supermarket-shortages-112840225.html
Some UK farmers have been told to throw away milk because of a shortage of lorry drivers to collect it, while one dairy logistics firm warned of a “collapse of parts of the supply chain”.
https://uk.finance.yahoo.com/news/uk-dairy-farmers-told-throw-174018309.html
Dusterman. I think I have said on a previous post , gold price is only the revenue part of the equation ..aisc is the cost price ..subtract the former from the latter to get a better comparison
No need for rudeness , the board is intended to be a broad church of views , a forum where people can share their views without fear of condemnation . In my view for instance, Brexit is a decreasing background crackle that you used to get on radio when you tried to retune it . Everyone gets it , and in turn all shares are plagued by it ignore it is my view.
And what was aisc at that time . You can't look at one without the other
I agree with that sentiment entirely rebess. Buy and hold strategy for this share is unwise. It conflicts with the directors philosophy of buy and iet the directors hold.....onto their inflated salaries .
This isn't a growth share. It's midway through its life cycle . Note the wording ..." We have abandoned our target for 500,00 of annual production whatever the cost to a 'value' approach of less:annual production but with less risk , loosely translated as we are trying to extend the life of the mine for as long as possible until the reserves run out and hope that we can find another Sukari in the meantime. Unlikely given Barrack golds entry along with their huge financial armoury
Given the ignorance of the average institutional fund manager though, who comprise largely of wet behind the ears ex public school boys , and who have to invest their clients funds somewhere, the price will rise once confidence rises , on the back of erroneous good news probably and I will be leaving the share then, hopefully with a good profit , but dyor .
Time the little people did the same so they can choose how their money is spent?
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Hi Rebess,
You will recall the the puzzlement when Josef sold so many shares decided to take a back seat and then sold a huge amount of shares?
Youssef decided to sell his free shares and put it into his property development?
It may be coincidence of course, but is cannot help to raise suspicions!
Cartel given heads up of COT's data prior to its release !
Orders of bullion being blocked by 4 Clearing Bank cartel!
Comex prices locked down by Comex official agent JP Morgan
City of London LBMA involved!
Alternative independent and previously undisclosed source of bullion used by Cartel to buy bullion under the radar discovered and now being used by some refiners.
In this week’s Live from the Vault, Andrew Maguire reveals a market-shifting development set to loosen the insiders’ grip on the silver price. The long-time wholesaler explains the market making banks’ supply and price control mechanism, and illustrates the strategy established to break it.
The precious metals expert lays out his short-term, medium-term and long-term outlook for gold and silver, and eyes the insiders’ next move with full Basel III compliance just 17 weeks away.
Pretty obvious to most of us, But for some Please Note the bracketed statement !
(The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.)
https://www.youtube.com/watch?v=VUvE_k4_LL4
So no need to panic, its all about the Cartel unwinding positions!
Stay strong in Centamin!
Hi Cooperman
How are you? - I recognize your name. - You've been around in the 'Gold-space' for quite a while now.- Hope you are well.
Regarding your comment concerning dividend and share-price. - Naturally it's good to collect a dividend, we all want and look forward to that. Unfortunately, in recent years, if you were a buy and hold investor, for every pint of dividend received, a gallon of share-price has been sacrificed to pay for it. - The thing is, at first sight, the fundamentals present as an attractive proposition. - Unfortunately, this was supplemented by exaggerated forecasting, reinforcing the buy and hold philosophy. - The trap was laid. - The rest is history. - I needn't go on.
Duster, sadly not, as well as reduce output more important total costs inc capex are up around 50% since gold was $1200 an ounce, and at that price we would be losing lots on every ounce mined, it is profit that counts and we should make a fair bit less this year than when gold was $1200. Profits are a function of gold price, less costs, times ounces mined, so if gold price rises but costs rise faster and/or ounces mined fall more, then profits and share price fall. The problem with many of my shares such as this Hoc and Omi is they expect profit recoveries in the future, but a lot can happen before we get to the future (just look at COVID) so current profits are really more important unless in a rapidly growing company (such as tech) rather than one hopefully recovering from Mistakes like ours imho
Hi Instant Expert,
Yes this is the event that they had already flagged on 05 Aug at the interims.
Other dates flagged at the time were:
MILESTONES
· 23 September 2021 Geology Capital Markets Event: Our approach to unlocking value from the portfolio
· 30 September 2021 Payment of 2021 Interim Dividend (Ex-div date 2 September)
· 19 October 2021 Q3 2021 Report
· Q4 2021 Sukari Life of Asset (Phase 2) optimisation results
Best wishes,
Prof
Sector unloved- pretty much all PMs done the same YTD
Totally undervalued
Equities in Europe traded higher in the premarket on Friday ahead of the release of several economic reports throughout the continent. The United Kingdom will reveal its latest results concerning the gross domestic product (GDP), trade balance, and industrial production. Germany will unveil its performance in consumer prices.
Earlier, the European Central Bank (ECB) announced it has decided to keep interest rates unchanged. Meanwhile, the institution's President Christine Lagarde predicted the Eurozone's economy will see strong growth in the third quarter of the year.
The DAX rose by 0.24% at 7:10 am CET. At the same time, the FTSE 100 grew by 0.29%, while the CAC 40 gained 0.24%. The euro stood flat against the dollar, selling for $1.18320 at 7:16 am CET. A minute later, the pound sterling advanced by 0.08% against the greenback to change hands for $1.38506.
Breaking the News / JR
Happy Friday y’al
With the gold price at these high levels, CEY is trading like its $1200 per ounce...I know there has been some I
Pit issues however such a drop is pure crazy. This must be near the bottom one would think
Haha, no Goldgnome - just a delay in appearing or my computer didn't refresh. My bad.
Did not see your last post Cowichan, must have been naughty?
Cooperman, like your name.
I read somewhere today even member of the FED are trading on the quiet making millions with inside info on decisions made by themselves.
If that is half true ,then that is at is the problem with the market.
The MM's follow their moves like followers of gods.
And so it continues.
Though Janet Yellen today warned the the possibility of US debt default.
But she is not Powell or FED spokes person.
So no big deal , nothing burger ,cover that up!