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Give it rest on brexit and politics.... Boring the pance out of this bb and not appropriate.
Happy to discuss brexit in 10 years to evaluate but currently we have made our bed and need to get on with it and make the best of it.
Here's to 2023.and hopefully major improvements without any shannigans mmmm. Thanks to all that bring real input, skills, contacts and experience to cey bb which is appreciated.
Thank you for your thought Mike but I certainly wont be bullied into silence, my comments are both relevant to the POG and our future.
Goldgnomes post on the LBMA gaining an exemption was another reason for Brexit, it was seen as a way of gaining an exclusive, almost offshore status for the City in order to attract clearing banks and trading rooms from the EU!
Unfortunately for the greedy stinkers the plan backfired, fantastic!
You can't really expect most of the grass roots Brexiteers to understand this they are far to concerned with foreign labour pinching the fruit picking jobs , although again this has backfired because our people don't want that work any way!
Why should it be necessary wait a decade to see the effects of Brexit, they are already plain to see and getting worse by the day, as an EU member the UK had better trade deals than any any the UK bunch of Boris clowns have renegotiated since Brexit, the Norwegian minister pointed this out, President Biden has already given tariff free conditions too certain EU exports , but he doesn't regard the UK as an important trading partner !
Biden regards Germany and a stable EU relationship as far more important than the now a somewhat irrelevant UK .
Forget the euro and the dollar collapsing, that is just wishful thinking on the part of some!
Why should the UK have to wait a decade to see if Brexti is of benefit and to whom, some of us may be dead long before that anyway!
Pre Brexit the UK we already had access to a fantastic market on our doorstep and its citizens the freedom to travel stay or live in Europe for as long they chose.
Far too much too much bulling has been practiced by the Brexiteers who behave in an aggressive manner towards anyone who should question the reasoning for taking the UK back 50 years,
The idea that the European Parliament dictated to the the UK is absolute rubbish, on the contrary check and see just how often the UK vetoed proposals and the EU legislation the UK chose to accept was on in most cases made more complicated than it need be in the implementation.
I have yet to see any credible or truthful evidence which demonstrates that Brexit offers any benefits of any kind to the people of the UK
The facts are quite straight forward the public were lied to over the implications of Brexit (admitted by Domenic Cummings, for which he deserves some credit).
I make apologies for my view and if it offend some the that's their problem,.
Greed , selfishness, laziness, intolerance and a reluctance to do any work or contribute in any way to help others typifies the average Brextteer, just like those that pop up on here that have nothing to contribute themselves but expect to other that do all the research and to provide the information for free!
So lets see how much info on Centamin they come up with now, it wont be miuch and what thy do come up with will be based on unreliable rumor!
Tee hee!
Tibbles I bet you love the smell of your own farts you arrogant ******.
Why are you continuing to fight a battle that has already been lost?
It's quite pathetic
Not a very nice post MrTibbles. Sour and unpleasant are what springs to mind. Little digs at posters on here. You sound like a very bitter old man. I don't have the luxury of time that you seem to have to post either your ramblings or anything on CEY. We had to put up with your imaginary man on the train for years and all the rubbish he came up with! But we listened to you as it's a free country. Benefits of Brexit, fairer wages for the working man for a start. Gone are those days of cheap eastern European labour. Obviously this is not good news for you as you are too selfish. You mention that clown Joe Biden, sounds a bit like you now come to think of it. Please stop talking absolute cobblers and talking people down. Try to be humble and not arrogant. Maybe you need to take some time away from this board?
"Oh Cont-rare" Mr Zambian!
"Je répands sur vos domaines mes humeurs intestinales!"
Votre mère était un hamster et votre père sentait la baie de sureau.
MrT I think you are confusing me with Bryn85. I never made a reference to you loving the smell of your own farts. Lol.
No need for rudeness , the board is intended to be a broad church of views , a forum where people can share their views without fear of condemnation . In my view for instance, Brexit is a decreasing background crackle that you used to get on radio when you tried to retune it . Everyone gets it , and in turn all shares are plagued by it ignore it is my view.
Going to be increasingly difficult to ignore as it will certainly affect all UK Farming ,fishing,ftse companies and other businesses, ie costs , profits, dividend's , even our basic freedom's which are being systematically restricted .
Then of course there are the increasingly empty shelves that will face the public, all unnecessary and brought about by lies, deceit and gullibility!
European stocks ticked up on Friday morning even as data showed UK economic growth slowed in July despite the ease of lockdown restrictions and the economy opening up.
https://uk.finance.yahoo.com/news/european-markets-rise-as-uk-economy-recovery-slows-081925793.html
PayPal is increasing fees that will affect business with the EU – British companies will be charged a 1.29 per cent fee for payments from the European Economic Area (EEA) and vice versa.
https://uk.finance.yahoo.com/brexit-paypal-introduces-fees-between-162702821.html
The boss of the Food and Drink Federation has said that the days when UK consumers could expect to pick up nearly whatever product they want whenever they want from supermarket shelves are over. (PA)
https://uk.finance.yahoo.com/news/going-worse-uk-supermarket-shortages-112840225.html
Some UK farmers have been told to throw away milk because of a shortage of lorry drivers to collect it, while one dairy logistics firm warned of a “collapse of parts of the supply chain”.
https://uk.finance.yahoo.com/news/uk-dairy-farmers-told-throw-174018309.html
The lack of lorry drivers is not only caused by Brexit and I am increasingly frustrated to hear Brexit used as an excuse for everything. Someone from Iceland (shop not country) management was bemoaning the lorry driver issues and casually blamed brexit. He stated that he needed six months to train a lorry driver, we have known that Brexit was going to happen for years not months, why did he not take action and prepare for it, either getting drivers into training or making sure that the UK based drivers they had were keen to stay. Most interviews with drivers have given the same impression, younger people are not looking to join the profession due to the appalling pay and conditions. Perhaps sorting that out earlier would have prevented the shortage of drivers rather than just waiting and using Brexit as a scapegoat. The same applies to the lack of other 'seasonal workers'. Why should we expect EU workers to do jobs for pay and conditions that UK people wouldn't accept?
I voted to remain but Brexit happened, that's life.
no we cannot having worked in the food industry most my life. Long unsociable hours do not suit most people - particularly when benefits are available to supplement more palatable part time jobs. Not sure what its got to do with Centamin.
I don't think the pay is the whole story. at £32K avg there should be a queue for young people to take their test.
The problem is this govt never has supported the training adequately.. Grants are hard to secure and loans are a bit of a gamble. I spoke to a driver who took his test 4 times before passing. Even if you pass 1st time you probably have shelled out £2K.
To be honest I would say it is the lifestyle that puts people off.
Thanks Mr Tibbles for your views. When you look at the bigger picture though , gold is an international commodity or precious metal and Brexit is a UK only (and poss an EU) matter only. In short it has a muted effect on world gold prices and Egyptian costs of mining. . I am more concerned in WORLD global events happening in particular in US, China and Russia . Brexit in the UK is like a zit on the nose of world gold prices .
Brexit is certainly not muted as far as the rest of the world goes, since dropping out of the EU the UK is all the more isolated and no longer has the same bargaining power with the rest of the world, it's been given the sh(it end of the stick in every trade deal it has supposedly negotiated post Brexit and is now regarded as "The english patient" by the main players in world events which will affect with the overall UK economy.
In turn the survival of many UK companies profits and their ability to carry on paying dividend, people may lose their jobs affecting their standards of living , the price of basic's, rising energy and utility prices, withdrawal of universal credit, so less to spend, less to invest, rising national taxation and increasing debt making it almost impossible to consider raising interest rates for the near future.
The so called government training schemes have been a smoke and mirrors exercise to disguise fact that their really has'nt been any the commitment to proper apprenticeships in UK industries for many years!
In the main many of our own UK people aren't willing to do he jobs that the former EU immigrant workforce used to do and despite what some choose to believe employers won't want to increase wages by very much, they have done the numbers and in the long term there far cheaper options that never ask for a rise, holiday, pension or go sick are on the cards, even better the cost of can be written off against tax!
Companies like Ocado ,Amazon, Boo Hoo, major retailers, NHS, various service providers and others have appointed robotic experts to their boards and are now committed to replacing many manual, store , customer service, and distribution staff with computer program's and robotics, these are produced in countries like Japan
Many companies and businesses want to claim any grants going, but don't really want to commit to employing people long term, especially when they can rely more and more on robotics, also forget working in the "just Eat, Domino Pizza, Burger" kitchens that produce the fast convenience food people order on their apps, the kitchens are being moved to industrial estates and robotics will be taking the orders and putting the food togethe , then it will be delivered by GPS guided pavement trucks and drones!
https://www.bbc.co.uk/programmes/b0150m8m
https://www.businessinsider.com/companies-that-use-robots-instead-of-humans-2016-2?op=1&r=US&IR=T
https://www.dailymail.co.uk/sciencetech/article-5808319/Amazon-100-000-warehouse-robots-company-insists-replace-humans.h
https://www.bbc.co.uk/news/technology-36376966 from 2016
So what do fortunate to be in employment reasonably paid people invest in, Centamin may well be a good option at a bargain price considering that AISC will start to fall off next year and continue to decrease as Sukari output rises to some expected normality , a safe divided and a readily rising share price especially if POG rises as many predict.
You should have words with the ex EU Brexit negotiator Michel Barnier, mrtibbles currently demanding French sovereignty from European courts. Didn't think you could pick and choose parts of the treaties!
Mr T. Before we went into the EU we had a massive steel industry , a car industry and numerous other industries . In my town a huge steel factory employing thousands of workers , now comprises warehouses and the like, employing a few dozen people .
The EU hasn't really served us that well, the FTSE 100 hasn't progressed since the level of 6930 on 31 January 1999...that was despite EU membership for all of that time . The EU became nothing more than a trade vehicle for Germany . When the EU was ever in the news, the only person I ever saw on TV to do with it was Angela f*****g Merkel with Macron following her like a puppy.
Brexit has given us an opportunity to press the reset button and start again .. Whether or not Brexit becomes a success, will depend on how the Government responds, with regard to supporting our industries here at home. Personally, I would start off with creating a world leading electric vehicle industry alongside industries supporting the gathering momentum fight against climate change . In short , starting up our own industries here, free from EU interference rather than outsourcing the ones we have to them .
For every £1 of goods and services they buy from us , they sell £1.50 to us . Not a good equation for me.
All.of which as I said before has little effect on world Gold prices ..
Hi Candid,
Unfortunately its too late ,the world has moved on 50 odd years and with the present shower of sh*ts in charge there will be no reset for the better , it was after all their party who did the selling off of our industries and utilities to foreign owners!
Goldgnome already pointed out why Brexit was seen as an opportunity by the City and by the LBMA to keep control of the POG, but that ploy has failed all they have is a delay until 2022 and are desperately trying to dig themselves out of a pit whilst the and the EU is abiding by Basel 3 and attracting more bank gold related clearing and so that will affect the world price of gold.
I appreciate that you are more akin to a trader rather than what I would term an investor, but good lick with your £1.35 you may well reach it sooner than you realise and then in the not too distant future you may wish you set your target higher!
Ah the pomposity of someone incapable of accepting that we are all as a society responsible for what we have created knows no bounds. Much easier to blame big business, politicians & whatever other scapegoats can be imagined than accept responsibility for our own greed & lack of consideration for the long term impacts of our behaviours.
This forum was once a good source of interesting information, it has become an arena of unfounded speculation, whining based on nothing but ill informed opinion & a political soapbox so I shall bid you all farewell as I find it too irritating to be bothered with.
I do wish you all the best with your investments whether CEY or other.
Candid - I struggle to see what the changes in your area are to do with the EU? Many of those industries were under attack buy the Thatcher Govt before she signed the Singe European Act. Besides, globalisation would have happened regardless of the EU. And the oft tripped out point of "well, before the EU....." just as it would be ridiculous of me to suggest thanks to the EU there are less homes with outside toilets, using the EU as a reason industry has changed for the worse is just as ridiculous.
As for CEY.....a good buy at these levels....
The steel industry point was that pre-eu membership , the steel industry received a £148 per tonne rod rebate which was a lot of money then . The EU deemed it state aid and it had to stop and the jobs and industries went.. to Germany mostly who have been supporting their industries in various guises unimpeded , hence my trade vehicle for Germany comment..
The FTSE point is with reference to the argument we rely on them for trade..well if that's true it hasn't shown up in the FTSE for the past 20 years .
It isn't rocket science to realise that a £1 to £1.50 sell to buy ratio doesn't support UK industry ..it outsources UK jobs and industries elsewhere .
Rather than buying £1 .50 of goods from Europe far better to produce and sell at home and develop non EU trade.
Mrs T was no friend of the UK. She was the one who started it
Anyway we are getting off the point. Good day for Cey today
Mr T. I suspect you are right with my £1.35 idea being too premature ..but I prefer to make 3 quick 35%s for rapid share moves than hold on to the one share. .its about my comfortable risk reward ratios. I like cey at £1.00.. less so if it gets above £1.35.. I will aim to find another cey equivalent with my now £1.35 for the prospect of another quick 35% return et al
Just keep an eye out for shares trading at 1 year lows, and research them further. It has worked for me in the past ..of course I have made mistakes though. partly because you only ever know about a company what they choose to tell you.
Good luck in your strategy
I think a risk with Cey is that we have only had one piece of bad news ..and they say that bad news comes in threes ..time will tell.