George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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.
I think the correct value will come when the company reports the next set of numbers.
87p area with gold spot at $1940 with Centamin on higher production than Q1 and Q2. Average price sold in those quarters was $1938 spot with SP average on 106p. This should be on 91p minima.
So looking forward a year, how do you think /HOPE we will be doing then?
After the wall episode 3 years ago the price more than halved in about 3 months. Since then it has more or less hovered between 80p and 120p.
Martin Horgan has been in charge for a couple of years and instigated the waste clearance along with a few other things to cut costs. So with the waste clearance scheduled to end in summer next year and hopefully the AISC should drop a lot, how do you see the share price and the dividend?
Best not to dwell on the past- it's gone.
It's interesting, that no one mentions the fact that the SP here hit ~220 in July2020 on the COVID recovery (well after the wall issue) and boost in gold risen by uncertainty (and the amount of "experts" hysterical gold predictions).
Horgan has been in his position for over 2 years now and SP was ~102 when he was officially appointed.
He, and the current board are responsible for the SP- no one else (of course there are external factors, there is in every business, but ultimately it's in his remit).
Daz,
Had the previous management acted sooner rather than carrying on digging themselves into an ever deeper hole of insufficient diameter whilst not taking the vital underground reserves seriously, then things now would have been very different now , admittedly the previous management were more much more prudent with CAPEX at Sukari which meant high profits in the shortest possible time, but now we have to pay a much heavier price thanif they had dealt with issues much earlier.
As to CAPD doing business in Eygpt there are far more riskier places on their portfolio but so far I understand that all Centamin has honoured all its continental obligations to CAPD.
You haven't mentioned what you see as any better alternative investments ?
Major European indexes rose in Monday's premarket trading ahead of more economic data releases, including trade balance figures from Germany and . Elsewhere, market watchers awaited a speech by European Central Bank (ECB) President Christine Lagarde at the Distinguished Speakers Seminar scheduled for later in the day.
The Euro Stoxx 50 rose 0.16% at 7:57 am CET, the DAX was up 0.15%, the FTSE 100 increased 0.16% at the same time and the CC 40 traded 0.12% higher at 8:02 am CET.
The euro added 0.12% against the dollar to go for 1.07876 at 7:55 am CET and the pound gained 0.16% compared to the US currency to sell for 1.26092 a minute later.
Baha Breaking News (BBN) / NP
Happy Monday y’al
Gold currently + .25% $1946
Https://www.zerohedge.com/markets/fed-fkery-back-seasonal-adjustments-turns-66bn-bank-deposit-outflow-41bn-inflow
In for a very interesting September and October.
A shareholder who doesn't:
- question
- evaluate
- reassess
- compare
but makes a point to mock others who do so , is probably not a satisfied shareholder
at 87.7 pennies perhaps it's more comforting to turn a blind eye
Tibbs, hard to believe CAPD decided to work in Egypt and with a company with such a disastrous track record as Centamin. By the time Egypt and Sisi have finished with Centamin, I’d be surprised if CAPD even get a penny. Capital drilling are walking on thin ice, even yesterday on eBay I saw “Great Pyramid for sale’ - Seller profile ‘Sisi897’
Hi Mr Gnome,
The City of London is on course to secure an exemption from new global corporate tax rules to protect the largest banks within the Square Mile. The new global tax reforms were initially agreed by the Group of 7 (G7) counties, aiming to extract more money from multinational companies such as Google, Amazon and Facebook.
The Financial Times reported that the UK’s pitch to protect its financial services sector from the new global corporate tax rules were accepted during the Organisation for Economic Co-operation and Development (OECD) talks in Paris this week.
The approval is a huge boost for UK financial services but also comes at a cost. In return, the UK was urged to discontinue its digital services tax, which imposes a 2% tax on large multinational firms whose revenues are linked with user participation of search engines, social media platforms and online marketplaces.
https://www.halofinancial.com/economy/city-of-london-to-secure-exemption-from-new-global-tax-rules
23rd May 202245 0
British overseas secrecy hubs have reduced their overall supply of financial secrecy to the world but remain, as collective with the UK, the world’s biggest enabler, according to the Tax Justice Network’s Financial Secrecy Index 2022 – a ranking of the world’s biggest suppliers of financial secrecy. The UK, however, increased its supply of financial secrecy at home despite actively taking measures to rein in some of its overseas jurisdictions’ financial secrecy.
https://www.icrict.com/icrict-in-thenews/2022/5/24/britain-is-officially-the-biggest-tax-evasion-enabler-on-the-planet
Fact checks focused on tax evasion, avoidance and offshore accounts
https://fullfact.org/economy/tax-dodging/
https://www.jerseyfsc.org/media/6556/section-14-estate-agents-and-high-value-dealers.pdf
Mr Tibs
Do you know how many secret groups in the \uk that are involved in money laundering and tax evasion_?
I suspect a few more than Egypt
Weather is lovely in New York, and I have lost count of how many groups there are involved in money laundering here, and that was before breakfast
regards
the Gnome
A think-tank called the Egypt Technocrats, made up of independent Egyptian professionals living around the globe, claims there are more than 300 secret companies inside Egypt involved in money laundering operations.
Some say vast amounts of money may have been smuggled out of the country since President Abdul Fattah al-Sisi came to power nine years ago. If true, could this flight be just one of hundreds that have made similar trips?
https://www.bbc.co.uk/news/world-africa-66614769
Kathmandu, Sep,1 : Additional police officers have been assigned to investigate the case of gold smuggled from Hong Kong to Nepal.
The Department of Revenue Investigation (DRI), which started its own investigation after seizing 60 kg and 716 grams of gold, has entrusted the investigation to the Central Investigation Bureau (CIB) of the police.
https://risingnepaldaily.com/news/31825
The investigating agency, the DRI, is a government body and that high-level politicians have been suspected for their involvement in this case, it is doubtful if the report of this agency would be impartial. In such a case, it is difficult to assume that the real culprits, including the mastermind behind the scam, are going to be punished. But it should not be forgotten that any leniency in punishing the real culprits involved in gold scams would not only erode Nepal’s image among the global community, but it might also have a detrimental effect on the economy and security of the country.
https://www.orfonline.org/expert-speak/nepal-a-hub-for-transnational-gold-smuggling/
who recommened my post ;-).
someone **** taking, no doubt. ha ha.
In this week’s episode of Live from the Vault, Andrew Maguire is joined by Adam Trexler, founder of Valaurum - the manufacturer of Aurum gold-backed banknotes - to discuss money's natural evolution beyond fiat and into tangible assets.
https://www.youtube.com/watch?v=Yk6Y32KO6eg
Dont bother watching, it was boring.
And another person dreaming.
Live from the vault ,Episode 138 on you tube. Andrew Maguire.
Equally, when it is above their expectation, some still sell to bank profits and some don't so sometimes there's a dip and sometimes there isn't- hence my point as the cliche is pointless as can be interpreted and used in multiple ways- hence we are arguing about it :-), proof of this.
No Sotolo- that is a negative - not so much of a gain as planned = a loss (eg loss to expectation).
here:
https://www.linkedin.com/posts/victoria-nobel-523431176_virtualsitetour-mininginnovation-vrify-activity-7085667970680590336-whwn
interesting at the video's halfway mark the notes read "forecast to produce in excess of 400,000 ounces per annum"
that would be a significantly 'damped down' declaration of production to include in centamin's most up-to-date presentation
the overhead eagle eye views are pretty slick - but if you peruse the vrify site you'll see it's geared towards raising awareness of explorers & juniors, not supposedly established mid-tier producers , guess ceo horgan has mucho $$ to burn
------------------------->>>>>
🚀 exciting news! 🚀
i'm thrilled to announce that centamin plc plc has just launched its immersive virtual site tour on vrify 🌍
alexandra barter-c****
michael stoner
in an industry driven by innovation and cutting-edge technology, we believe it's crucial to embrace advancements that enhance our operations and deliver an unparalleled experience to our stakeholders. with vrify, we're revolutionizing the way we showcase our mining sites, bringing them directly to your fingertips in a fully immersive virtual environment.
what does this mean for you?
whether you're an investor, a potential partner, or simply someone passionate about the mining industry, you can now explore sites from anywhere in the world, at any time.
vrify enables seamless collaboration and knowledge sharing. connect with other industry professionals, exchange ideas, and foster partnerships. share the virtual tour with your network, colleagues, and potential investors to amplify the impact and opportunities created by our mining operations.
thank you for being part of our journey towards innovation, sustainability, and progress. we look forward to your virtual visit and the exciting opportunities it may bring!
Steve, not pointless, if figures are more or less expected the market positions itself in expectation then takes profits when they come out which is why the movement after the figures come out is so often counter intuitive, have a lovely weekend
BRICS losers ,courtey of Cowichan 30/08 /23
What do you think of it so far folks ?
Courtesy of Morcombe & Wise Show. :-)
BRICS -Losers.
Marjorie Tayor Greene, speaking to constituents in Georgia, BRICS are a threat to US $
SO IS THIS BAD NEW FOR US?