Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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.
Sorry guy’s the app that I c&p the premarket data from in not displaying this morning.
If it starts to I will post immediately.
Yes, and first half free cash flow only down from $70m to $16m, so only a 77% drop. What is great is we had any. Imho
Decent set of results with a 4c interim
Markets have shifted against sterling for the first time since December as the shine starts to come off Britain’s vaccine success and economic worries linger.
Subscription only:
https://www.telegraph.co.uk/business/2021/08/04/traders-bet-against-sterling-first-time-since-december/
Very pleasing work on a front which has bugged me for decades. The corruption in the natural resource section. Rife in gold, dimoands (of course), cobalt, etc etc ...
ICIJ’s 2020 Luanda Leaks investigation revealed how Angola’s former first daughter amassed a fortune through decades of inside deals. Among them was the controversial acquisition of a stake in an energy company from the state oil company Sonangol, which was, at the time, overseen by dos Santos’ father, then-President José Eduardo dos Santos.
Our reporting showed how a company owned by dos Santos’ husband paid an initial deposit of just $15 million for the shareholding. Its value now? An estimated $500 million.
Since ICIJ exposed these details, the deal has been embroiled in separate legal proceedings, as authorities took action in fallout from the investigation and the dos Santos business empire crumbled.
The controversy over the half-billion-dollar stake has now come to a head for dos Santos, as an international tribunal has ruled that the deal “cannot be explained but for grand corruption by the daughter of a head of state and her husband” and declared it “null and void.”
Go for it ICIJ, all the way!!!
https://www.icij.org/investigations/luanda-leaks/isabel-dos-santos-ordered-to-return-to-angola-500-million-in-shares-tainted-by-illegality
Could I boldy suggest if one likes the work of the ICIJ, please donate. (I am not part of ICIJ, but a suporter)
best
the gnome
Those that can, do; those that can't, teach.
I suppose the best that can be said for people on this board is that none of us charges for our wonderful posts and advice. Some of the gurus charge an awful lot and don't get it right all that often. I read somewhere, a few years ago, that the best financial analyst got his predictions correct about 60% of the time. Even Martin Armstrong thought gold was going to $900 an ounce back in 2015 and told everyone they were idiots for suggesting the bottom was in. I think his AI program needs a bit of tweaking - if memory serves me correctly, he got it right about 50% of the time.
I'm looking forward to another Centamin dividend soon. I hope I've got that prediction right.
Well Sotolo may be in a spot worrying about if he made the right decision or not, but spot on, he wouldn't be on here worrying if that were the case, he needs to relax !
Its important to get one's priority's right in life, especially when so many lives, in fact the life of our planet and future generations depend upon the decisions made now
The price of shares and indeed gold will be whatever the market controllers want them to be, that said Centamin has a good man, the right man and very competent man in charge now so relax and all should come good.
As I have said before if chartist's, brokers,analyst's, savvy traders and all manner of market experts including the ones that pop upon here from time to time really knew so much they would have ridden off into the subset with their saddles bags full of billions long ago!
But in reality the charts , algo's, candlesticks, moving averages and all the other so called market predictive techniques are as much use as a chocolate teapot, certainly in Centamin's case!
Brian Cox puts things into perspective https://www.bbc.co.uk/programmes/m0005prm
You're right MrBond - I'm happy to be invested with Centamin vs Endeavour for the divi and growth opportunities. Sawiris and Montessus are a perfect match - I'll leave them to it
Don the directors bonuses come first, and La Mancha is their largest holder ,so more dosh for acquisitions and World Domination.
Others Corporate Investors would pressure for more divi.
We don't want that do we.
https://twitter.com/DonLawson_/status/1422993254350458880
Hey CEO Montessus --> your H1 presentation chart comparing shareholder returns conveniently neglects the #gold miner with the highest dividend returns - namely
@CentaminPlc !
Simple oversight ?
@MiningAnalysts
@BNNBloomberg
@tsx_tsxv
@LSEplc
@JrMiningNetwork
@KitcoNewsNOW
Prices of precious metals rose on Wednesday after a report issued by ADP National Employment Report revealed that the number of jobs in the United States private sector grew by weaker-than-expected 330,000.
Gold climbed 0.82% to $1,825.28 at 8:26 am ET, while silver gained 1.35% to $25.87 at the same time. Platinum advanced by 0.32% to $1,053.46 an ounce at 8:27 am ET, while palladium concurrently moved up 0.74% to $2,668.48.
Breaking the News / BU
Gold goes up and we go down, getting a headache
It also seems the new jobs report showed only 330000 the expectation was 695000, less than half in private sector workers.
Are we going to get a repetition of August 2020 ?
Is Basel 111 starting a charge for Physical AU, before the US deadline of September 2021 ?
It's very possible.
Is there another dividend due with update tomorrow
Spot on as usual Sotolo.
Shares on the major European stock market indices traded in the green in the premarket on Wednesday, as the investors awaited the purchasing managers' index (PMI) figures for Germany, the United Kingdom, and the euro area. Eurozone's retail sales, another weather vane of the economic recovery, are scheduled to go out after the open.
The DAX rose 0.22% at 7:50 am CET, while the CAC 40 gained 0.23% at the same time. In London, the FTSE 100 moved up by 0.24%.
The euro and the pound strengthened 0.07% compared to the dollar at 7:51 am CET, selling for 1.18726 and 1.39263, respectively.
Breaking the News / BU
Happy hump y’al
Rebess ,twice Sawaris has tried to get a foothold in Egyptian Banking or his family, and failed.
EMRA are watching carefully, he has got in, now quietly,through the back door, with a very knowledgeable Campbell but gov will watch carefully .
Conclusion . Sawaris is not a favourite in Egypt ,it's possible he has political ambitions which could prove disastrous. For him or the country.
IMHO. ;-)
Hi Cowichan
What a wriggling can of worms, or should I say snakes, we have going on in this Egyptian crime-thriller. - The dots join-up everywhere. - And, in my opinion, still ongoing, and that includes Centamin. - Horgan could well prove to be the 'Messiah' that many are claiming, for all our sake's, I hope so. For now, it's impossible to say one way or the other. However, for me, until he's proved it, he remains a part of the intrigue, the sub-plot, that is currently in play.
Question for $CEY - why hasn't management disclosed a maiden resource for all the drilling outside of Batie West - namely Napelepera & Wadaradoo deposits in #Burkina?
Is the plan to divest below it's real value to @EndeavourMining ?
https://twitter.com/DonLawson_/status/1422610105007329282
------------------------------------>>>
Join us on Thursday (5 Aug) @ 09.30 BST (UK) for our H1 webcast presentation, when our CEO #MartinHorgan and CFO #RossJerrard will discuss our results.
Webcast: https://loom.ly/jD3FS3w
Dial-in:
UK (and other locations): +44 203 936 2999
Participation code: 835947
#CEY $CEY
https://twitter.com/CentaminPlc/status/1422497635785527296
“We are delighted to welcome Mark to the Altus team, reflecting our commitment to establish a significant gold exploration and development business in Egypt. Mark is based in Cairo and has unparalleled expertise, spanning three decades of operating in the natural resource sector in Egypt. He is the retired former President & CEO of Aton Resources and has previously been a consultant to Pharaoh Gold Mines, a subsidiary of Centamin.
https://www.miningreview.com/gold/altus-strategies-appoints-new-chairman-and-director-for-akh-gold/
---------------------------->>>
My Thoughts: If you can't beat em, join em...
Looks like iis buying back in too
Late reported 500K O trade, certainly averaged, surely must partially be the cause of today's rise into 5th August.
They are all arms swining at Diggers...
"Miners of metals linked to the decarbonisation trend are being “priced like internet companies” and the rally may be too good to be true, according to one of Australia’s top gold bosses.
Investors have rediscovered their love for commodities like lithium, rare earths, cobalt, nickel, copper and graphite over the past nine months as a global economic recovery combines with a slew of enhanced emissions reductions pledges by major economies like the United States, Japan, Korea and China."
p/e ratios above 20 are not sustainable in the mining business ... get in, get out ...quick
Analyses
http://www.pilbaraminerals.com.au/site/PDF/c4349e0f-d3f6-4e27-a967-7b41f7be8f49/DiggersampDealersConference2021Presentation
Mkt Cap A$5.7b
p/e ratio ... now. 5 years time?
Your thoughts?
best
the gnome
Equities in Europe traded in the mixed-to-lower territory in the premarket on Tuesday as several major firms revealed their earnings in the second quarter of the year. Standard Chartered PLC observed an annual drop of 20% in its profit. Bayerische Motoren Werke (BMW) AG warned of "a number of prevailing risks" that will result in the company having a "more volatile" third trimester.
Traders will also keep an eye on Stellantis NV and BP PLC's second-quarter earnings reports, as well as on the latest update on producer prices in the Eurozone.
The DAX and the CAC 40 stood flat at 8:00 am CET. At the same time, the FTSE 100 lost 0.12%.
The euro stood flat against the dollar at 7:57 am CET, selling for $1.18730. The pound sterling rose by 0.06% against the greenback a minute later, going for $1.38912.
Breaking the News / JR
And nothing wrong with a 6% dividend yield at 9c and can only get better if a special dividend is paid in the next 6 months. No doubt the interim results will give us some guidance about where we are headed up to 31 December. Bring it on !