Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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.
Surveyed not survived !
Nope, hence the SP- you are underestimating inflation impact
400 companies are survived and a lot of seasonal adjustments are made because of holidays. Apparently Barbie and Oppenheimer raked in $8B in theatre takings apparently. Beyonce and Taylor swift concerts selling out probably aided by students debts repayment suspensions. Pharmaceutical prices were jacked up in August. If the FED are going to hike until they stop people going out completely seems a ridiculous club to hammer down services. In the meantime manufacturing is hammered for the 10th month in a row. The housing sector is slowing down fast. If they want a soft landing they need to look hard at the data. It has been a long time since two good movies were launched and if Biden pump primes young people to spend they will do so. With manufacturing now getting hit with higher oil prices, I think it is pause in September on rate hikes as they follow Canada's rate pause. I also think the FED are seeing what unions will do with wage claims and if they are high, the rate rise is more likely at the next meeting as somebody else gets the blame. Tony
Steve and other readers,
You are underestimating the innovations at Centamin such as a reduction of $120M in costs thus far and $30M more being delivered in the coming months. As a consequence the AISC has not changed in the last 12 months. There was a cost increase over 2019 by around $300 an ounce but the gold price was $1500 an ounce in August. The profit range was $600 an ounce say and today it is about $650. Production is likely to be is up say 10% in that time frame but a lot of benefits are unseen because of the additional stripping.
Tony
Gold is about where it was 3 years ago and yet the cost base, due to inflation, has risen massively-
Has the ounces increased to cover this delta? No
Probably when central banks,start easing rates.
or the dollar,goes into a downtrend
It depends who is in charge and what the agenda/objective is. - Don't assume that Horgan has hold of the reins. - The recent military-connection appointment is most revealing. - IMO.
Hoc is a cherry picked one- look at SRB, FRES and so on, and they've been poor performers too!
And do my eyes deceive me? It's a rise today! 86.65 close :-).
Hi Paul, relevant comparison of SP between HOC & CEY which seems to defy logic , Cey seems to be the better bet by far, so why doesn't the share price reflect that?
Likely due to several reasons, the number of times the previous mana, failed to deliver and it has now been proven they deceived the market and shareholders about the true state of Sukari for a number of years which has almost totally eroded shareholder confidence and market trust!
Any restoration of market trust will e dependant upon actual proof, rather than just future predictions as in the past!
Reducing AISC , but more importantly CAPEX for the waste clearance should help boost profits which if sustained should help restore market confidence in that unlike the old management the new management are truthful and know how to run a mine properly!
A random, out of the blue offer of £1.50 per share for the company.
Inflation- a FED pause, then prediction to drop.
Coupled with an above expectation RNS at next Q.
So what do you think will turn this share around?
Will good figures next time round do it? The clearance coming to an end? ---------lower AISC or something else?
Resistance line low 80 pls dont drop more
HoC outperforms Centamin 30% during 2023 on the SP. Annual difference to HoC is plus 40%.
Past PE rate is 17 for CEY and 105PE for HoC. Forward PE rate for Centamin is 7.5 and the rate for HoC on its balance sheet is looking dreadful after a loss of 9 cents per share at the interims. So how can Centamin with no debt $150M in the bank and higher production growth underperform a company with spiralling debt and declining production and a runaway debt of $220M and growing at a rate of $60M for the remainder of this year.
More chance making money with crypto then gold.
Major European indexes declined in Thursday's premarket trading as investors digested the United States' decision to send another $1 billion worth of assistance to Ukraine and awaited a string of economic data reports, including the Eurozone's revised GDP figures.
The Euro Stoxx 50 decreased 0.30% at 7:28 am CET, the DAX fell 0.34%, the CAC 40 was down 0.29% and the FTSE 100 traded 0.30% in the red at the same time.
The euro lost 0.08% against the dollar to sell for 1.07183 at 7:30 am CET and the pound declined 0.09% compared to the US currency to go for 1.24966 a minute later.
Baha Breaking News (BBN) / NP
Comes to mind.
I expect many will notice the rapid change.
Especially Centamin PR relations team. :-)
Well worth a tour!
Centamin's Egypt - 3D Presentation - April 2023
https://www.centamin.com/
https://vrify.com/decks/13211
Https://www.centamin.com/assets/edx/
When we get the drilling results around Sukari is when it could get interesting. A couple of million ounces would be wonderful feedstock to the present or expanded mine infrastructure. 550,000 ounces would do very nicely as a new annual production target.
Fair comments Tornado, lets hope he proves to be a good appointment choice ,only time will tell of course!
The bonanza gfrade gold has been reported on and photgraphed for years Nothing new here.
Interesting to compare the grades they have been quoting, lets say gram-meters, witht hat of one of the lowest cost gold deposit in the world. The Forsterville underground gold mine~~~
"Three very different operations had the lowest production costs in 2019. Costs at Kirkland Lake Gold Ltd.'s Fosterville decreased by nearly 70% from 2014 to 2019, with paid gold production increasing from 105,000 ounces per year to 618,000 oz/y over the period. The reason for the cost reduction was the completion of a mine expansion into the high-grade Lower Phoenix and Swan deposits, which increased head grade to 39.60 grams of gold per tonne of ore from 4.62 g/t Au in 2014. This also led to an overall increase in the 10 lowest-cost mines' average grade in 2019. The higher grades increased gold production by 73% year over year, while AISC in U.S. dollars increased by 10%, leading to a lower overall AISC in terms of U.S. dollars per ounce."
https://pages.marketintelligence.spglobal.com/world-top-10-lowest-costs-gold-mines-WS.html
Note the low AISC was not achieved overnight, but rather by careful, methodical exploration worked, backed by some good luck and a solid mining plan.
I continue to watch how the underground gold mine develops at Sukari. As I have posted previously I would not be surprised to see this be the next jewell in the crown.
The history of that mines development and conitnued success is worth reading
https://www.agnicoeagle.com/English/operations/operations/Fosterville-Gold-Mine/default.aspx
With the completion in February 2022 of the merger between Agnico Eagle and Kirkland Lake Gold, the Fosterville mine ranks as the Company’s lowest cost operation with total cash costs anticipated to be US$457 per ounce gold in 2023 on production of 305,000 ounces of gold
If CEY play their cards right, and do some solid geology, mine plannig right infrastructure, which they seem to be doing now, then I wont be surprised if this lights up and becomes major plank in their future success
best
the gnome
Cowichan what inefficiencies. The job requires a lot of checking on other people making certain they are delivering on safety practices at the mine as being sustainable also means continuation of service. I have came across inefficiencies in the medical core when sailors and officers had to practice getting in a line and clicking heels to attention before an admiral inspection at our base so I know partly what you mean. In the civilian world however, some that I have came across can be very well organised and have a strength in logistics and were a calm head in a crisis. Some ex-military are not adaptable but some are. I therefore disagree that it is a given if the appointment was an inefficiency as so much depends on the intelligence of the individual concern and that earn respect than just command it. The promotion track record in the army also suggests good leadership skills. Tony
Thank you Cowichan , impressive presentation,possibly Centamin or their P.R. company would offer some more detail re this if contacted?
Solar farm will be paying its way back and helping Centamin with its AISC on a high oil price market. Progress either on a second wind farm or connection to the grid would give the company greater control on its mining costs. The advanced stripping has also been a case of repairing the roof when the sun was shining.
Interesting that commentators disagree on USA recession risks although they are avoiding it for Q3. Problems are building up in the USA economy. They are taking awhile to work through.
Major European indexes traded lower in premarket operations on Wednesday. This comes as investors continue to digest the disappointing economic data from the Eurozone, Germany, and the United Kingdom, which showed a decrease in the private sector's activity. During the day, the markets will be closely watching for more relevant data coming from Germany and the United States.
The Euro Stoxx 50 decreased 0.29% at 8:01 am CET, the FTSE 100 lost 0.18%, the DAX fell 0.16% and the CAC 40 declined 0.10% at the same time.
The euro improved by 0.13% against the dollar at 7:58 am CET, selling for $1.07357. Also, the pound advanced 0.15% compared to the US currency to go for $1.26835 at the same time.
Baha Breaking News (BBN) / AC
Happy hump y’al