The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Support is pointless - algos ignore it these days- just gives retail investors perceived comfort that simply doesn't exist-
Thanks FED for causing market issues today
Events drive SP....
5c will come off overnight
Lol, it looks like going ex dividend will break the 5 year support
'average target price of GBX 123.67 ($1.52).'
A pity the market do not seem to agree just yet....but they will in time
DYOR
Shares on the major stock market indices in Europe traded mostly in the green on Wednesday, as the investors anticipated the United Kingdom's latest inflation figure.
The investors digested the latest remarks by United States Federal Reserve Chair Jerome Powell, who underlined the central bank's resolve to keep increasing interest rates until the stability of consumer prices has been ensured.
The DAX rose by 0.16% at 7:06 am CET, while the CAC 40 added 0.14% at the same time. Meanwhile, the FTSE 100 stood flat.
The euro and the pound slid 0.13% and 0.07% compared to the dollar at 7:10 am CET, selling for 1.05358 and 1.24842, respectively.
Baha Breaking the News (BBN) / BU
Happy hump y’al
If Endeavour takes away a man or womans livelihood (scratching for gold), and there is no replacement and no social security payments, then what do they think is going to happen? If Endeavour had redeployed these people doing some purposeful dignified work from which they earned a small income, then this would not have happened. Today people can waffle about ESG and employ well-meaning consultants to invent various metrics to measure ESG, but in time gone by it would be called commonsense and been done immediately as part of solid community relationship building.
the gnome
It's been hot at Houndé Gold Operation, a subsidiary of the Canadian group Endeavor Mining, since May 17, 2022. The city is in turmoil. Spontaneous protests erupted between miners and gold mine workers.
According to information from Burkina24, traditional gold miners blame mine officials for having monopolized their sites. Indeed, these gold miners had been cleared, yesterday May 16, 2022, of the sites which they exploited. This is how they decided to storm the mine and set fire to its facilities.
Security at the level of the mine remained powerless in the face of the large number of miners who also ransacked the gate, listening to the city councilor.
As a reminder, Houndé Gold Operation is located in Houndé, capital of the province of Tuy, Hauts-Bassins region, a town located 250 km at sunset from Ouagadougou. This urban commune is home to one of the thirteen (13) industrial gold mines operating in Burkina Faso.
https://burkina24.com/2022/05/17/exploitation-miniere-au-burkina-chaude-journee-a-hounde-gold-operation/?
Quite so Halfpenny, lots less Bull****e & lots more gold is whats needed !
Will we get it and when is what we want to know !
Hi Dasut,
You know the mining business inside out and what you say must make sense!
You will most likely be aware of this-
website https://www.centamin.com/about/our-leadership/board-of-directors/ where you can find information on appointment dates, skills and experience, and committee membership. You will note that there has been a significant refresh of the Board, with 7 of the 9 Board members having only been appointed in 2019 and 2020.
Also invite you to consult the Governance section of the 2021 Annual Report (starting at page 84) which provides an overview of how the Board works to deliver on Centamin’s strategy, including board structure, governance framework, effectiveness evaluation, activities carried out in 2021 and focus areas for 2022.
Information regarding past directors can be found in past annual reports on the website: https://www.centamin.com/investors/results-reports/ .
Can't say that anyone stands out as being exceptional or of must have status in any way??
Is this a case of more of the same?
Or am I wrong?
Any opinions welcome!
Main driver will be more ounces of gold mined..
'Creating opportunity for people through responsible mining' suggests necessary commitment to ESGs. As Mark Carney said, any company that doesn't commit to this will become extinct.
Thank you Dr Jamain, you have every right to express your opinion, so no offence taken on my part and no apology necessary,but never the less I appreciate your gesture ,very decent of you, what a pity that some of the worlds politicians can't behave in a similar fashion!
Tibbs
"Board of Directors" all I see is a Chairman a CEO and a CFO all of the others are Non Exec and the Chairman doesn't get involved in the day to day operations so wonder how the voting goes?
Non Exec are normally in an advisory position or for bouncing off ideas in their given area of expertise and the list of senior managers with the exception of a couple of individuals is pretty much a list of white collar after the fact types. Hardly a go getting team in support of the few.
I would like to see other senior operational managers in the business such as the General /Mining/Production Managers of Sukari listed among the leadership team.
Cowichan a throw away comment where you select just one sentence '"Creating opportunity for people through responsible mining" of the "Purpose, Values and Culture page which does link into Vision and Strategy.
MrT: I didn't mean to criticise you. Sorry if you thought did.
Hear!hear! Cowichan!
Good points spoonington!
My original post was made over the week end,when there isn't much to discuss solely about Centamin anyway .
By all means talk about Centamin,, what have you got to tell us then?
Have you ever taken the trouble to write to investor relations , I doubt it very few people that post and comment on these types of forums ever do.
Misinformation is everywhere online, and anyone can be vulnerable to it. On social media, you may have at one point shared an article that you believed to be true at the time, but that you later discovered actually contained falsehoods or outdated information.
While both misinformation and disinformation can deceive audiences, the distinction is that disinformation is intentionally, maliciously deceptive. Both forms often involve widespread dissemination, whether or not the person sharing is aware of the inaccuracies.
It's important for everyone to know how to spot mis- and disinformation online to avoid spreading falsehoods and to be critical consumers of online news, particularly through social media.
Why not put your challenges and questions on the Europe’s new Digital Services Act to the appropriate commission or regulator, bit more difficult now though that we no longer have any representation via an MEP thanks to a flawed Brexit vote gained due to mis & disinformation !
You stay in Plato's cave if you wish, good job that Martin Horgan doesn't subscribe to that theory or he would still be debating on if, how and when to dig Sukatri out from under a decade of crap so that they can start mining a decant grade of ore again!
Cowichan take a look at the Geology Capital Markets Presentation last September as this answers what they are doing to a certain extent with results from drilling programmes in and around Sukari.
3Bear - I agree. In the current situation I say keep the cash and build the business - that's the best way to improve the SP.
Mr T
I'm not sure the CEY board is the appropriate place for this debate so I'll be brief.
1) What is disinformation?
2) How do you define truth?
3) Who should make the rules? Who are the arbiters of 'truth'?
4) 'Big sanctions' are a big stick to enforce obedience to whatever is deemed to be 'true', 'factual', or whatever the self-appointed arbiters of orthodoxy want promoted.
5) Paradigms of 'truth' evolve though open debate. Sometimes the change is revolutionary (Kuhn's paradigm shifts). The plasticity of truth should lead us to openness and humility - otherwise we're merely transfixed by whatever anthropogenic delusion is the fashion.
6) We're still in Plato's cave looking at shadows.
Surely the best way to support the share price is to grow the business? Share buybacks are just another way of handing company cash to shareholders IMHO, it may give the SP a short term boost but ultimately I think the senior management are doing the right thing - ie investing in future production rather than shoring up the SP artificially?
I am also in favour the free press and social media however it seems only right that whatever is posted is based on the truth and those making the post are able to justify it with the supporting facts.
You may both be interested to note that the free press has supported the new EU proposed regulation on on social media and even the UK advertising standards authority.
Now why don't you both be honest about why you dislike this proposal so much ?
Europe’s new Digital Services Act
Here’s what the law will do when it goes into effect:
• Detoxify the algorithm ? Online platforms like Facebook will have to take responsibility for the harms they cause to our societies, for example, for the way their systems help spread toxic content across the internet;
• Open the black box ? Allow independent auditors, researchers and civil society to scrutinise platforms’ actions and uncover their wrongdoings.
• Impose big sanctions ? Platforms will face fines up to 6% of their global income (yes we're talking billions of dollars here) if they don’t comply with the rules.
• A step closer to stopping surveillance advertising ? Ban the targeting of people with ads based on their political beliefs or gender, and end the exploitation of children’s data entirely.
Thanks for clarifying that Cowichan, a buy-back of that magnitude wouldn’t overly damage our reserves and may help the share price, it certainly wouldn’t hurt - if the directors don’t want to put their own money in they can at least tip in some more of ours :)
As for the latest motto it is just another example of idiots jumping on whatever the latest bandwagon is and forgetting what they are actually paid to do.
One of the prime outcomes of education (my humble 2 bobs worth) is to give the educated persons the power to be able to see through the mountains of misinformation or manure, and discern the truth and the relevant.
Sadly, the education system has failed many, which does lead to one of the lead assumptions in democracy, ... each person one and equal vote being flawed. So in the end and as we experience it, we have a flawed political system, which produces such natterers and nutters and similarly flawed individuals as we see around the world in democraticised nations...and we get the ludicrous shenanigans that thinly passes for "politics"...lets invade Ukraine, regime change in Libya, Iraq, Afghanistan etc etc...
Lets tune up the education system
Twitter being worth us$45b about sums it up for me ... what a lot of twats
best
the gnome
Sotolo,
Thanks for your kind remarks.
It really comes down to people using this silly term' disinformation' to try to snuff out information they cannot accept. It is the modern day equivalent of putting your fingers in your ears and refusing to listen. I like being challenged by alternative viewpoints, it helps inform me.
As for PMs I still think we have the preconditions necessary for a significant bull run. I don't know how long the Fed will be able to prop up the dollar for but it will not be forever, and when they slacken off PMs will sparkle again.
86p here now, let's hope that long-term support has provided us with the bottom.