Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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I wish you a speedy recovery and return.
Thing is that there are plenty of numpties about out there do not realise this and will even argue that PM's go down during inflation probably because they've never known real inflation and are wet behind their ears.
The US dollar has been the world’s reserve currency since the Bretton Woods Agreement in July 1944, with the dollar pegged to gold and other allied currencies pegged to the dollar. This wasn’t some bureaucratic pronouncement. The U.S. was in a position of strength after funding the allied effort in World War II (they did not do a lot more despite Hollywood). America almost lost this privileged status in 1971 when deficits from war and welfare led President Richard Nixon to drop the gold standard.
Today countries still keep America’s virtual Benjamins in their virtual bank vaults—modern banking’s gold. China has more than $1 trillion in Treasurys. Russia has about $100 billion in dollars of about $500 billion in their increasingly frozen foreign exchange.
But why do these countries keep dollars? What backs the currency? The conventional answer is the “full faith and credit” of the U.S. government. Ha, that and $3.65 will get you a Starbucks grande latte, though not in Moscow anymore. What really backs the dollar is the future tax-generating ability of America’s growing productive economy and a defense structure to defend that economy’s strength. Without that, there’s no horizontal-binding duct tape.
The future tax-generating ability of America is built on the endless propaganda (sorry Sales and Marketing) of one (and all) buying a more endless parade of things that add nothing to one's quality of life..pedalled endlessly by the new social media companies...
Got that off my chest, so now to other things ...
goodnight and good luck!
the gnome
I am sure policies can be changed, quickly, in the light of extenutating circumstances, that happen quickly?...at least one would hope. ...
US Federal Reserve chairman Jerome Powell is widely expected to raise interest rates for the first time in three years in the early hours of Thursday ... Sydney time. But that’s unlikely to ease the supply squeeze and could damage business and consumer confidence..... Short-term borrowing costs could become more expensive than their long-term costs..... That points to what Pimco says is a rising risk of recession.
During a recession everything falls in value, from currencies and stock markets, to real estate and property. In times of recession, money is typically withdrawn from investments like stocks and shares, but despite this, money itself also loses value. A lot of value ...
The supply of gold is limited, but money is paper and paper can be printed. The problem is that this rapidly inflates the value of every product and service, known as hyperinflation. Many countries - in particularly Germany - learned this the hard way; with too much money-printing resulting in hyperinflation, and an inability to afford even basic goods ravaging the country in the mid 1920s.
This is why gold performs well in a crisis. Unlike cash, gold maintains its value. Scarcity and its precious metal nature have an enduring appeal, and provide a more baanced supply/demand. Fiat supply is on call and infinite. At the end of a recession, the person who bought gold is likely have reduced their losses, or even made money.
Recessions lasting a year or more are reclassified as depressions. World depressions occurred in 1640, 1837, the long depression of 1873-1896, and the Great Depression in the 1930s. This was possibly the most severe, running from 1929 to 1939 and culminating in the Second World War.
Is that some form of guidance ...?
Recession -> depression -> Significant war.
"Almost there Dad!"
best
the gnome
It is probably worth making the distinction that the fuel cost WAS $23m, as after my question at the last shareholders meeting we know that Centamin don't and had no plans to fuel hedge (slightly annoying personally as this was entirely foreseeable even without the Ukraine situation).
The Fuel costs could be much higher now, as should be the savings from the solar plant, but we could still be net worse off than before in terms of AISC for production.
RE....Do you not think that a number of people will already know the results due to be published tomorrow and have acted accordingly ?
European shares stood in the red territory in premarket trade on Tuesday as investors awaited the Russia-Ukraine talks to resume, with United States President Joe Biden stating that the US will make sure Kiev has enough weapons to continue defending and with Ukrainian presidential advisor noting that it will be possible to reach a peace agreement by May at the latest.
On the economic front, investors looked forward to the latest data on the United Kingdom unemployment rate and the industrial production in the eurozone.
The DAX went down by 1.19% at 8:01 am CET, while at the same time, the FTSE 100 fell by 0.86%. Meanwhile, the CAC 40 also declined by 0.78%.
The euro gained 0.28% to the dollar to sell for $1.09714 at 8:00 am CET. At that moment, the pound sterling rose 0.22% against the greenback to go for $1.30308.
Baha Breaking the News (BBN) / SP
... And the fight will only increase in the next few years between the fiat money system and hard assets in general. And if we look at the monetary side, there’s a huge fight between Bitcoin as the most successful form of private money one could say. So there’s a huge fight between Bitcoin and the fiat money system.
Central bankers are really scared because of the success of Bitcoin being a private form of money. And they hope to bring their own central bank digital currency so they can take some of the market share of Bitcoin and other cryptocurrencies. But the more central bank digital currencies will be created by central bankers, the more people will start to flee to Bitcoin and other private forms of currency. Because the central bank digital currency is just another layer on top of the fiat money system.
So I think central bankers are trapped. Central bankers will need to fight Bitcoin. But they will fail because investors understand what’s going on, and more people are beginning to understand the fundamentals of this monetary system. That’s why Bitcoin is so successful.
The question for us, is where will gold sit?
The verdict for the fiat currency system looks very poor. The system has operated in an opaque and distrustful way for so long, its social license has essentially vaporised. Possibly related is the complete lack of trust na dlack of leadership int he political system.
https://www.theassay.com/articles/investor-insight/gold-metals-digital-assets-and-private-money/
good luck, get out of fiats
best
the gnome
Most likely same as Sotolo and I posted recently.
What is a reasonable share price in the event of a TO?
Costs for fuel highs are temporarily high
With gold prices at aN historical high anD fuel costs halving when the new solar power farm starts operating, how much would a reaonable price be for CEY?
I note at the end in response to a question on a possible takeover approach. - "If somebody comes and taps us on the shoulder then we'll have to see" - something like that. - So, IMO, it's on the cards.
Thanks!
April 20th (am I on the ball or what…)
Sorry meant to say the Q1 (increased production) is due to be reported on April 22nd
In the last update Centamin projected production recovery in Q1 2022.
They have a cc and full year 2021 results on Wednesday 16th of March.
I don’t know of any date for the solar system to be activated but as M Horgan mentioned it will be in 2022.
https://www.centamin.com/investors/investor-calendar/
Is there an estimate when production will start to recover?
Is there an estimate when they will switch on the solar plant?
Thanks.
I wonder was the “prettiest girl at the ball” remark a hint of courtship (or four ships).
Could be an interesting update on Wednesday.
When the market is told of an actual increase in production the share price will start to recover.
*interesting the solar system is going to save the company a million dollars per month, I believe the annual fuel runs at around $23m so the solar is just shy of a 50% saving.
Mr. Horgan is beginning to shine but still positive production numbers will move the pps.
thanks for this. i have some money invested in this share and several other divi paying gold stocks. i like the divi payments even if the price drops, most have little debt now and can harbour money whilst stability in many other sectors continues to rumble on. good luck, be interesting results this week and where they place the divi based on current prices
https://twitter.com/centaminplc/status/1503307295874240514?s=21
The reason , There is worldwide shortage of Chips.
Dig your garden up and plant potatoes ,as many as possible.
I don't want to sell, but if I don't read a post from Mr Tibbs in the next couple of weeks I'm going to sell