Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes, half day market today, thanks for the reminder!
Major European stock exchanges traded mixed in the premarket on Friday with all eyes on data coming from the United Kingdom. On the agenda, today, are the country's reports on gross domestic product and retail sales.
The DAX and the Euro Stoxx 50 traded flat at 8:00 am CET, while the FTSE 100 declined 0.44% at the same time. The CAC 40 grew 0.10% at 08:02 am CET.
The euro and the pound were both flat against the dollar at 7:58 am CET, selling for 1.09972 and 1.26897 respectively.
Baha Breaking News (BBN) / AY
Gold $2050.75
1/2 day market
Merry everything yโal ๐
Hope heโs not broke up early for crimbo heโs let us down with no market report forecast ๐ only does it every day all year RESPECT!!
...๐
Enjoy your Solstice everyone.
LTH who dont post very often , I am not surprised , but enjoy your holiday and best wishes for 2024.
Holiday season?
As 2023 draws to an end, we reflect with pride on the milestones we've achieved this year and the exciting prospects in store for #Centamin in 2024.
We wish you and your loved ones a joyful and safe holiday season and a happy 2024. ๐
Agree Tornado!
Creating more humans creates more carbon dioxide as millions more people exhale air. Stopping population growth would have a significant impact on future emissions but nobody wants to go down that road. More contentious then asking everybody to be vegan.
CO2 in the ocean turning it acidic so its killing off coral reefs? We are conducting a mass global experiment in carbon dumping and no-one, not you and not me, knows for sure what the ultimate result of that will be?
Until fusion comes along we're going to need a mix - renewables and fossil fuels - look at the power model at Sukari - less oil in the mix would be better.
"Yeah we should just keep dumping millions of tonnes of carbon into the atmosphere and oceans every year. What harm can it do?"
Let's keep it in proportion. Absolutely no harm whatsoever, possibly some good. CO2 concentration currently is around 0.04%. Maybe, but it is speculative as we could not measure the CO2 in 1850, maybe mankind is responsible for 25% of that, so 0.01%. Is it possible, do you think, that the continuous climate change we have seen for the last 4 billion years could be more influenced by the gigantic ball of fire and nuclear fusion that we call the sun, you know, that thing that provides 100% of all the energy on the planet. Sorry to sound a bit snarky, but CO2 is not a problem for the Earth. Pollution is a problem though and is a great reason for reducing emissions of pollutants, that should be our focus - CO2 is not a pollutant.
A few simple questions politicians should consider
To construct renewal energy infrastructure will take an enormous amount of energy. Where will this energy come from? Obviously until sufficient renewal energy becomes available this will have to be from fossil fuel sources and/or nuclear energy.
- Renewable energy infrastructure has a typical life of mine of 20 years. We can already calculate that as from 2050 we will produce twice as much waste per annum than currently we produce as plastic waste.
- The amount of mining required to produce one electrical car engine (average weight is 0.5 tonne) is 250 tonnes. This is produces almost all through burning fossil fuels. You then have an engine that needs to be charged with electricity. From what is this produced? Either fossil fuel, or renewables constructed from fossil fuel.
- The metal produced for renewables will have to be mined in areas where there is currently no mining. This will also affect the environment in a major way, not to speak of all the child labour involved in producing cobalt.
The efficiency of energy generation from fossil fuels (amount of energy obtained / amount of energy required to generate energy) is a much lower than fossil fuel (5 versus 15) and a fraction compared to nuclear energy (100). It means that renewables may well not give a sustainable economic society, alternatively will lead to much higher energy prices.
The current high fuel prices (which preceded the war) are due to pressure groups forcing oil companies to cut back on exploration and development, but at the same time requiring massive amounts of energy to build renewables.
There is very little potential further improvement for renewables: solar theoretical maximum efficiency turning foton energy into electricity is 33% versus 26% currently and for wind that is 60% versus 45% currently. Therefore there will not be any great leaps for gains here.
Also the largest battery factory in the USA that of Tesla would need to produce for 500 years to build sufficient batteries to hold one days energy consumption in the USA!
Yeah we should just keep dumping millions of tonnes of carbon into the atmosphere and oceans every year. What harm can it do?
It is a little bit difficult to have sympathy for a nation which creates its own problems.
Your zealotic approach to moving to green energy with little or no thought for the consequences nor pitfalls combined with a complete lack of true scientific backing for the move in the first place explain a large chunk of your problems.
Add to the above your unwavering support for NATOโs aggressive expansionary policies followed up with unconscionable sanctions which have caused you to cease to have access to reasonably priced energy sources and the cause of your problems become more & more evident.
I do not like to see people suffer but you reap what you sow, hopefully the hardship the UK population endures will make it consider the consequences of its actions more carefully in the future.
Many other countries including Australia are suffering similar circumstances caused by similar stupidities - it is pleasing to see that a true groundswell against the mindless ideology that is net zero is really taking shape as a result of people having to face the consequences of idiocy.
Yes Mr Tibbs
It was a very long RNS with several appendixes. Superior offer scenario is in black and white and providing it is at 14.85p or higher it constitutes being a superior offer (+10%). The board are market testing the sales price and the real bonus for an acquirer is the West Kenya asset which they have invested around $40M to date which is valued at nothing in that superior offer price.
Stock exchanges in Europe were mostly down in the premarket hours on Thursday, with the downbeat sentiment seemingly following the losses on Wall Street the day before.
Frankfurt's DAX dipped 0.31%. The Euro Stoxx 50 fell 0.45%. The CAC 40 slipped 0.19%. London's FTSE 100 increased 0.30%.
The euro added 0.12% against the dollar, to sell at 1.09451 at 7:56 am CET. The pound sterling was up 0.08% compared to the dollar, trading at 1.26365.
Baha Breaking News (BBN) / AB
Gold + .35% $2036.76
Ofgem are raising our energy bills AGAIN - to "help energy suppliers." That's the same energy suppliers that are raking in billions in profit.
The increase of ยฃ16 might not seem like a lot, but for the millions of people counting the pennies, this is simply unaffordable . And honestly, it's just ridiculous that Ofgem is making sure energy companies with massive profits get a bailout, while millions of people are facing difficult choices between heating and eating.
This is about principles. We canโt let Ofgem think they can increase our bills, whenever the energy companies pressure them to do so.
https://act.38degrees.org.uk/act/cancel-the-price-hike
Bustahog,
I doubt there there is any likelihood of your past posts ever being copied and pasted, now that would be a pointless exercise!
Hi Tornado, so from your research information then this may not be a A fait accompli?
Tibbs
News
Shanta Gold accepts GBP140 million takeover offer from ETC Holdings
(Alliance News) - Shanta Gold Ltd on Wednesday said its board has agreed to an all-cash takeover ...
Alliance News
20 December, 2023 | 1:40PM
Email Form
Facebook
Twitter
LinkedIn
RSS
Font-Size
(Alliance News) - Shanta Gold Ltd on Wednesday said its board has agreed to an all-cash takeover offer from industrial conglomerate ETG that values East Africa-focused gold producer at just above GBP140 million.
Saturn Resources Ltd, a wholly-owned subsidiary of ETC Holdings (Mauritius) Ltd, offered 13.5 pence per Shanta share in cash, valuing all its equity at GBP142.0 million. Shanta shareholders also will receive an interim dividend of up to 0.15p to be declared by the Shanta board and paid prior to the takeover.
Shanta shares were up 2.4% at 12.95p on Wednesday afternoon in London. The stock is up 41% over the past year.
ETC Holdings is an investing company that is the controlling shareholder of ETC Group. The industrial conglomerate, which trades as ETG, operates in agricultural commodities, metal and energy. It also encompasses agricultural inputs and logistics, as well as other businesses.
ETG is controlled by Ketan Patel, Birju Patel and Mahesh Patel, with Ketan Patel already a member of the Shanta board.
The offer for Shanta has been accepted by its first and second largest shareholder, with 8.7% and 8.6% voting rights each, as well as by Shanta directors representing another 1.9%. It has 19.2% acceptances for the offer in total so far.
"As a shareholder in Shanta, we remain supportive of management and their strategy," Ketan Patel said. "However, we believe that Shanta's share price may inhibit Shanta's ability to deliver on its strategy and potential to maximise future shareholder returns."
Patel added: "As part of ETC Holdings, Shanta will benefit from the experience and connections of ETC Holdings and ETG in East Africa and as a result, have additional support during the currently heightened levels of macro-instability."
By Tom Waite, Alliance News editor
Maybe that applies to you also , who wants to listen to copy and paste crap .
Mr Tibbs the more I have looked deeper into Shanta, I realise that the entire process is cancelled if a higher offer above 10% of what was proposed and the superior bid is taken. It is the first step in trying to sell the company. If Centamin wanted several million ounces of gold, they could bid $155M to get it and that delivers a brand new mine that cost $45M to build. Shanta would add 90,000 to 100,000 more ounces per year for the next 4 years at least which equates to 10 months of existing production. $400 an ounce profit would earn back the $155M but they will have all subsequent years as profit and the entire West Kenyan resource asset with grades above 5g/tonne for 3M ounces. Lot better metrics then Doropo.
Fair comments Dasut .
Hi Somnamna,
You are quite right about the lack of information available or action by Centamin@s new PR company although to be fair to them this is why they were appointed and to be fair they are working to the company brief which has decided that silence between quarterly updates is how they want to play it.
I wrote to Centamin asking for the rationale behind the decision to change to FTI from Buchanan. the latter whom had a much better understanding of Sukari, gold mining and the historic events of Centamin's Egyptian operation, I received no reply!
Disappointing to say the least, but not surprising , however after making further enquiries I am pretty sure that the new management felt that Buchanan knew too much about the past and were too willing to answer shareholders questions as honestly as they were able whilst complying with company policy and market regulations.
Make of my statement as you will , but my opinion is based on the facts available to me , not fiction fiction which unfortunately has all too often been the case with Centamin in the past !
I find it interesting that expectations are for Sukari to produce over 500,000 ounces per annum. As far as I am aware the early LOM plan was always 450 to 500,000 ounces pa.
I do appreciate over 500 thousand has been achieved but this came at a cost and by creating short cuts and the need to throw money at correcting errors.
OK I appreciate the proof is still to be delivered and as I have already said this quarter is crucial but it does now look as though we are back to a structured mine with a number of faces open to ore.
GLA
Nunquam I guess it is mainly the GP but also bubbling under is the fact that extensive investment in the open pit and underground is starting to make itself felt. Look at the increase in resources, they've been growing faster than they can get the gold out of the ground for the last three years. Also base efficiencies such as tonnes hauled per truck are all on the up and costs heading in the right direction at last. Your 105 is in the bank as far as I'm concerned. I hope to see a run up past 110 on Q4 results if the GP holds and may take a little profit if that happens but CEY is still a LTH for me..