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.
European markets were higher in the premarket trade on Monday as investors awaited economic data reports on United Kingdom house prices, German industrial production and Eurozone investor confidence. In the afternoon, German Chancellor Olaf Scholz will speak to United States President Joe Biden at the White House. Over the weekend, ECB Governing Council member Klaas Knot said that the central bank could raise interest rates in the fourth quarter of 2022, while UK Prime Minister Boris Johnson reshuffled his Downing Street team.
The DAX increased by 0.40%, London's FTSE 100 was up 0.29%, while the CAC 40 grew 0.36% at 6:37 am CET.
The euro was 0.18% lower compared to the dollar at 7:11 am CET, trading for 1.14341. The British pound declined 0.07% against the greenback, changing hands for 1.35221 at the same time.
Baha Breaking the News (BBN) / MS
Happy Monday y’al
Chief executive Martin Horgan joined Proactive's Stephen Gunnion with an update on the company's flagship Sukari Gold Mine in Egypt and its projects in West Africa.
Horgan telling Proactive that the Sukari ore body still presents an opportunity for growth and expansion as Centamin prepares to complete a 36MW solar plant at the mine and enters an exploration bid round for an additional land package in Egypt.
The company is also preparing to deliver a pre-feasibility study for its Doropo project in Ivory Coast.
AFRICA CUP OF NATIONS
FINAL
Senegal verses Egypt
19:00
Unfortunately Spoonington animal charities lost out yet again!
https://www.change.org/p/uk-parliament-governments-370m-given-to-national-lottery-not-for-animal-charities/w?source_location=psf_petitions_controller&from_guest_psf=1
No my friend you will receive all my praise!
Anyone who loves doggies is a truly *****in person!
My lady has cured me of smoking + drinking addictions that for 35 years I could not correct - it is quite unfathormable
The huge question faces us, as discussed with the likes of Prof, Tiger, Uncertain etc over the years, is what happens when the bonds and shares tumble. Will gold shares be hit by falling overall PE’s, will the gold price fall as in March 2020 as investors seek cash to pay for their margins on falling bonds and shares, or will us long-term holders, who have been holding Centamin as Insurance for just this eventuality, finally receive our payback? It looks like we will know the answer this year.
The United States Left Afghanistan to Prepare for a War It Will Probably Never Fight
https://warontherocks.com/2021/10/the-united-states-left-afghanistan-to-prepare-for-a-war-it-will-probably-never-fight/
Why do we keep doing this? How can we stop?
We get into these wars on the recommendations of presidents who are influenced by their staffs, most of whom are selected by the president and share the president’s viewpoint!
We often hear about fighting to defend “American interests.” There are a host of American interests ranging from protecting American citizens abroad to protecting American trade and markets. If we’re being honest most U.S. foreign policy focuses on the latter. There is nothing wrong with this. They are American interests!
https://time.com/6092818/iraq-afghanistan-unnecessary-wars/
Hi Spoonington, you really shouldn't think that you need to offer any apology to me as far I am concerned, we differed opinions about some aspects of the past history of Centamin, but that said to my mind the discourse or exchange between us was polite and cordial at all times.
Everyone has a right to their own opinion and should feel that they are able to express it in any debate or discussion, certainly on this forum!
Several years ago my wife and I decided we would opt out of the commercial side of Christmas (buying giving present to relatives and friends)and instead at Christmas and throughout the year we donate to Hillside Animal sanctuary which does marvellous work and is really worth a visit for anyone ever in Norfolk.
https://www.hillside.org.uk/
Our friends and relatives are all aware of our decision and some of them have also joined us and decided to drop out of all the stupid present buying and instead support their chosen charity, everyone that has done this so far say that they feel so much better for their decision and that they really are doing good and spreading goodwill at Christmas!
Everyone still puts up the Christmas decorations, still gets together (pandemic restrictions permitting) for some partying and enjoys themselves!
Dogs pick their own toys https://www.youtube.com/watch?v=-l3qP_W5ikk
During the pandemic lock downs many people especially those living alone found great comfort in pet ownership and yet our government and the National Lottery give nothing to animals charities and Zoo's or places like Monkey World despite doing so much good work were left to struggle through the pandemic lock downs!
At last we have it officially, the lottery does not give to animal welfare even though it is the tax payers £370 million they are giving away for the government!
What can be done about it?
something must change, 30% of the population support animals and its their money being used.
So many of our animal rescuers will go to the wall if they are not helped. write to your MP/Papers/media.
https://www.change.org/p/uk-parliament-governments-370m-given-to-national-lottery-not-for-animal-charities
RICKY GERVAIS explained why he thinks animals are "better than people", as he was seen cuddling gorgeous German Shepherd dog Anti, who plays Brandy on his show After Life on The One Show. https://www.express.co.uk/celebrity-news/1551625/ricky-gervais-dogs-animals-people-emotional-after-life-news-latest-update
https://www.facebook.com/DogsTrust/posts/10157140954626880?comment_id=10157141044726880&comment_tracking=%7B%22tn%22%3A%22R%22%7D
Best Wishes to you and Lady Spoonington of course!
Tibbs
Does any one know the ex div date and dividend payment this year.
Nothing on the financial dairy dates.
And how much dividend did they pay last year?
I totally agree Rebess.
Mrtibbles does powerful work also.
Mr t, thank you for your kind words regarding the Lady Spoonington.
We have disagreed on other matters in the past however my realisation that you are a doggie lover & accordingly a wonderful person makes me withdraw anything I have said or implied. I apologise Sir!
Please accept my best wishes together with a warm woofing from the Lady :)
Agree Razor - Got to hand it to Cowichan. - Response from Centamin will be interesting. -
I would also mention the sterling-work behind the scenes that Mr Tibbs undertakes on our behalf. - Most are unaware of his involvement/input in respect of his direct communications with Centamin, seeking answers to many of the issues/concerns raised here.
#1 Poster achievement of the week award goes to Cowichan. 100%
Sorry, I should not be talking in billions, we are now in the world of trillions !
https://tradingeconomics.com/united-states/government-debt
The Credit Market Funnel
Suppose the U.S. Treasury prints $10 billion in new bills, and the Federal Reserve credits an additional $90 billion in readily liquefiable accounts. At first, it might seem like the economy just received a monetary influx of $100 billion, but that is only a very small percentage of the actual money creation.
This is because of the role of banks and other lending institutions that receive new money. Nearly all of that extra $100 billion enters banking reserves. Banks don't just sit on all of that money, even though the Fed now pays them 0.25% interest to just park the money with the Fed Bank.
? Most of it is loaned out to governments, businesses, and private individuals.
The credit markets have become a funnel for money distribution. However, in a fractional reserve banking system, new loans actually create even more new money. With a legally required reserve ratio of 10%, the new $100 billion in bank reserves could potentially result in a nominal monetary increase of $1 trillion...
and so on, and so forth
How does one determine the value of $1 ... by what it buys in the market place you want to transact in ... and for sure you can buy less and less each day with your $1 .. you can BANK on that...
So the impact for gold pricing? my bet is your $1 will buy less and less gold ...like everything else....
the gnome
Just as the dogs are barking, National US debt tops $30 TRILLION... what a time to start a war?
WASHINGTON—The U.S. national debt exceeded $30 trillion for the first time, reflecting increased federal borrowing during the coronavirus pandemic.
Total public debt outstanding was $30.01 trillion as of Jan. 31, according to Treasury Department data released Tuesday. That was a nearly $7 trillion increase from late January 2020, just before the pandemic hit the U.S. economy.
The total debt comprises debt held by the public and intragovernmental debt.
The debt milestone comes at a time of transition for U.S. fiscal and monetary policy, which will likely have implications for the broader economy. Many of the federal pandemic aid programs authorized by Congress have expired, leaving Americans with less financial assistance than earlier in the pandemic.
Meanwhile, the Federal Reserve has signaled it could soon begin to raise short-term interest rates from near zero in an effort to curb inflation, which is at its highest level in nearly four decades.
“This is a jaw-dropping number that is a real cause for concern,” said Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget. “It is the result of both borrowing for really important crises, most notably the Covid pandemic, but also trillions and trillions of borrowing for no reason other than politicians have stopped being willing to pay the bills.”
good luck to us all
the gnome
in person trips to various potential new mine projects - here is a picture of Bristow at the Donlin Gold/NOVAGOLD joint venture (Alaska) in December 2021
https://twitter.com/TNR_Gold/status/1489337279059570688/photo/1
Interesting the Proactive video of our CEO Mr Horgan reveals he recently returned from an Egypt/Sukari visit himself -
- the timing lines up with Bristow's recent in-person engagement @FutureMineral summit in Riyadh in January...
It looks like the dogs of war are baying louder now. Ray Dalio tipping a civil war at home in the land of the free (that term is certainly out of date), and Biden wanting a war on someone elses soil (same ol game!),
The doves of peace are fluttering...As organizations representing millions of people in the United States, we call upon President Biden to end the U.S. role in escalating the extremely dangerous tensions with Russia over Ukraine. It is gravely irresponsible for the president to participate in brinkmanship between two nations that possess 90 percent of the world’s nuclear weapons,” declared groups such as Peace Action, Physicians for Social Responsibility, Pax Christi USA, the Fellowship of Reconciliation, Just Foreign Policy, CODEPINK, Roots Action, and Veterans for Peace.
“For the United States and Russia, the only sane course of action now is a commitment to genuine diplomacy with serious negotiations, not military escalation—which could easily spiral out of control to the point of pushing the world to the precipice of nuclear war.”
I have always thought that those who start war, should be on the front line. Imagine Joe Biden and Boris on the front line...
Lets hope sanity and diplomacy win the day/weeks/years
best
the gnome
Oh Dear! So it wasnt the bird dogger of the seismic survey who was asleep at the wheel .... it was CEY?
Embarassing gaff
thanks
the Gnome
And HiSeis
Centamin's story has changed. They now say the seismic results were actually quote 'really positive' - so positive the remainder of the seismic program was deemed an unnecessary expense. Furthermore Centamin would like to assure me its previous comment that the seismic data was of 'insufficient quality' quote 'is no reflection on the Hiseis technology or service.'
I am flabbergasted.
What changed in 24 hours? I'll tell you. The CEO of HiSeis contacted Centamin and said 'WTF is going on here?'
I add my voice to his and so should every other Centamin shareholder. We must demand the results of the seismic survey be released and a public statement made CLARIFYING the situation immediately.
Besides being a very likeable and capable individual I do still have loads of confidence in Mr Horgan - but I do not have any confidence in the BOD and whatever game they pulled off with HiSeis - for some reason our IR dept has been directed to toe-the-line and it is resulting in doubletalk and redacted statements.
Everybody please get involved now because it looks like Barrick is going to sweep Centamin and all the marbles from us while the market has been MISLED as to the true potential of Sukari and its outlying resources that have ALREADY been discovered.
Important Note: I have been in contact with several Centamin (and contract) employees who converse (& agree) with me.
https://twitter.com/DonLawson_/status/1489657951124000768
https://www.linkedin.com/feed/update/urn:li:activity:6895297408075718656?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6895297408075718656%2C6895422696037974016%29
Maybe we should love Centamin a little more, it's been a dog for the last few years or so. :-)
Some of you, particularly those who think they have recently lost a dog to “death”, don’t really understand this. I’ve had no desire to explain, but won’t be around forever and must.
Dogs never die. They don’t know how to. They get tired, and very old, and their bones hurt. Of course they don’t die. If they did they would not want to always go for a walk, even long after their old bones say:” No, no, not a good idea. Let’s not go for a walk.” Nope, dogs always want to go for a walk. They might get one step before their aging tendons collapse them into a heap on the floor, but that’s what dogs are. They walk.
It’s not that they dislike your company. On the contrary, a walk with you is all there is. Their boss, and the cacaphonic symphony of odor that the world is. Cat poop, another dog’s mark, a rotting chicken bone ( exultation), and you. That’s what makes their world perfect, and in a perfect world death has no place.
However, dogs get very very sleepy. That’s the thing, you see. They don’t teach you that at the fancy university where they explain about quarks, gluons, and Keynesian economics. They know so much they forget that dogs never die. It’s a shame, really. Dogs have so much to offer and people just talk a lot.
When you think your dog has died, it has just fallen asleep in your heart. And by the way, it is wagging it’s tail madly, you see, and that’s why your chest hurts so much and you cry all the time. Who would not cry with a happy dog wagging its tail in their chest. Ouch! Wap wap wap wap wap, that hurts. But they only wag when they wake up. That’s when they say: “Thanks Boss! Thanks for a warm place to sleep and always next to your heart, the best place.”
When they first fall asleep, they wake up all the time, and that’s why, of course, you cry all the time. Wap, wap, wap. After a while they sleep more. (remember, a dog while is not a human while. You take your dog for walk, it’s a day full of adventure in an hour. Then you come home and it’s a week, well one of your days, but a week, really, before the dog gets another walk. No WONDER they love walks.)
Anyway, like I was saying, they fall asleep in your heart, and when they wake up, they wag their tail. After a few dog years, they sleep for longer naps, and you would too. They were a GOOD DOG all their life, and you both know it. It gets tiring being a good dog all the time, particularly when you get old and your bones hurt and you fall on your face and don’t want to go outside to pee when it is raining but do anyway, because you are a good dog. So understand, after they have been sleeping in your heart, they will sleep longer and longer.
But don’t get fooled. They are not “dead.” There’s no such thing, really. They are sleeping in your heart, and they will wake up, usually when you’re not expecting it. It’s just who they are.
Author unknown
Btw Tony, carefulyou dont give away too much personal info online ??
Nonfarm Payrolls (NFP) rose by 467K in January versus the median forecast for a 150K rise, data published by the US Bureau of Labor Statistics showed on Friday. That marked a slight deceleration from December's pace of job gains when 503K jobs were added (revised up from 199K).
https://www.fxstreet.com/macroeconomics/economic-indicator/nfp
https://www.bls.gov/news.release/empsit.nr0.htm
good to see Schroders buying back in having been a seller in December...multiple funds over there but positive nonetheless...