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Copy and paste job.
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Meteorologists had said further progress of the monsoon beyond southern parts of the peninsula will happen after the cyclone degenerates.
The monsoon hit India on June 8 with its onset over Kerala, a week later than normal.
Research shows a delay in the monsoon onset over Kerala does not necessarily mean a delay in the monsoon onset over northwest India.
However, a delay in the monsoon onset over Kerala is generally associated with a delay in onset at least over the southern states and Mumbai.
Scientists say a delayed MOK also does not impact the total rainfall over the country during the season.
India is expected to get normal rainfall during the southwest monsoon season despite the evolving El Nino conditions, the IMD had earlier said.
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An earlier negative report that was not from India Meteorologists indicated below rainfall all month, CEY and gold went down afterwards when that article came out. Hopefully GDX etf picks up a bit. CEY has dropped the equivalent of 3p down against the GDX ETF in the past two weeks. I am hoping CEY has front run most of the expected retreat. Last time it was around this level gold was sub 1820 per ounce.
If the India rainfall is normal overall, it is a tailwind for the gold miners against whatever headwinds the FED or market manipulators undertake.
It is quite something that the FED can just manufacture money for USA Treasury bonds, use inflation to take it away from ordinary people (after removing real inflationary items in the stats like housing costs, energy and food) and recirculate wealth to the informed highly resourced elite few. Journalists and the media no longer have the power or the courage to shine a light on it instead it is finding dead cats to throw on the table for joe public to get lost in some meaningless distraction.
Stay well folks and hope many of you enjoy summer sunshine (UK) or cooler weather if down under (Aus).
Tony
I worked for an airline many years ago in tech- I recall warning the MD (CEO’s) weren’t around in those lol- that if we’re not careful if we keep outsourcing, all the companies we outsource to will get richer and richer on the back of us whilst we will struggle to make a profit- bit like a load of parasites on a rhino- the rhino will go extinct first if we go too far on this strategy, and the parasites will simply move to another beast .
Nice plug on Citywire today regarding Berenberg's new Buy rec and target price, which thankfully hammers home the point that CAPD is becoming a "full services mining house". Perhaps the market is finally cottoning on here:
Https://citywire.com/funds-insider/news/expert-view-whitbread-croda-onesavings-bank-frasers-and-capital/a2419181
"Capital’s transition to full services miner, says Berenberg
Mineral drilling solutions group Capital (CAPD) is growing its contracts as it continues its transition into a full services mining house, says Berenberg.
Analyst Richard Hatch retained his ‘buy’ recommendation and increased the target price from 166p to 170p on the stock, which was trading up 7.3%, or 7p, at 103p.
It has won a contract from a subsidiary of tier-one Australian miner Fortescue Metals that builds on its existing three-year diamond drilling contract and ‘is a good example of how Capital can grow its presence on a site and add additional services by starting with its core business – drilling’, said Hatch.
‘When we initiated on Capital in 2020, it was predominantly a driller with ambitions to grow and diversify its business,’ he said. ‘Since that point, it has moved into, and now grown, its contract mining business, and also added additional growth through its [mining analysts] Msalabs business, which offers attractive continuing top-line growth.’
The award of the latest contract shows ‘further growth and diversification for Capital’s revenue streams’, added Hatch."
Probably go viral
Mineral drilling solutions group Capital (CAPD) is growing its contracts as it continues its transition into a full services mining house, says Berenberg.
Analyst Richard Hatch retained his ‘buy’ recommendation and increased the target price from 166p to 170p on the stock, which was trading up 7.3%, or 7p, at 103p.
It has won a contract from a subsidiary of tier-one Australian miner Fortescue Metals that builds on its existing three-year diamond drilling contract and ‘is a good example of how Capital can grow its presence on a site and add additional services by starting with its core business – drilling’, said Hatch.
‘When we initiated on Capital in 2020, it was predominantly a driller with ambitions to grow and diversify its business,’ he said. ‘Since that point, it has moved into, and now grown, its contract mining business, and also added additional growth through its [mining analysts] Msalabs business, which offers attractive continuing top-line growth.’
The award of the latest contract shows ‘further growth and diversification for Capital’s revenue streams’, added Hatch. ‘If Whitbread can cash them in at a fair price, it could driver higher returns.’
Https://twitter.com/centaminplc/status/1668525336437444608?s=61&t=wPRUR5w_YhDaiuhBs7gRKQ
Thanks Mr T.
CEY hareholders are not orphans, matter of fact one could stick most of the resource companies into the same boat, and we wont mention industrials and the tech stocks.
There is some very clear legislature about no-discolsure, and I would love to see the regulators get off their a#sses and get after these boards and CEO/MD types. It is ludicrous to have legilature (well crafted or not) if you dont get peple to follow it, and if you do not get people to stick to it 24/7
cheers
the gnome
Major European markets traded higher in the premarket session of Tuesday as investors brace for a fresh set of economic data and ahead of the important interest rate decision by the European Central Bank due this week.
The DAX gained 0.55% at 7:13 am CET, while the CAC 40 added 0.52%, and the FTSE 100 rose 0.33%. The pan-European Euro Stoxx 50 advanced by 0.62%.
On the currency front, the euro and the British pound were up by 0.29% and 0.17% at 7:19 am CET, selling for $1.07888 8 and $1.25327, respectively.
Baha Breaking News (BBN) / JG
Thank you Cowichan and Mr Gnome , the problem we Centamin share holders face is that our CEO and Jersey BOD never seem to give us the full facts!
Thanks- will have my finger ready tomorrow for some trading if it goes the way we want it to- else will hold off
Director sold a lot last week
Steve
I would not be holding my breath on the CPI. In Oz
Rents through the roof if you can find a place
Cost of borrowings to finance house are way up (of course
Cost of food and drink are ALL up significantly...The monthly CPI indicator rose 6.8% in the twelve months to April.
The most significant price rises were Housing (+8.9% a lot of people would argue the figure is way too low), Food and non-alcoholic beverages (+7.9%) and Transport (+7.1%). Alcoholic beverages are signifcantly up, so much os that some people have cut down to a dozen tinnies and a bottle of vino a night! We have wages increase, but no productivoty increase etc...
So does not look good from downunder
best
the gnome
They should sell Doropo and buy Shanta Gold. They would have 100,000 a year increase plus on production they will get the nearest thing to a new Sukari/Bulyanhulu mine complex in Kenya with grades 6 times greater than Doropo. They can buy Shanta for probably 20-21p and it would be the best £250M they ever invested. If I was the CEO of Centamin, I would be in there like tomorrow and dump Doropo to another organisation well established in West Africa. Centamin should be the champion gold miner of East Africa.
SHAREHOLDERS will have to wait until mid-2023 for news of the economic feasibility of Centamin’s proposed 151,000 ounce a year Doporo project in Côte d’Ivoire. This was after drilling results in November recognized the possibility of producing higher-grade gold, as well as there being scope for improved processing configurations potentially lowering
the project’s $275m capital cost.
https://www.miningmx.com/wp-content/uploads/2023/02/Rainmakers-Potstirrers-2023-smaller-file.pdf
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Despite what Mr Horgan said in this miningmx interview - there were no higher grade gold drilling results from Doropo last year - at least none shared with shareholders.
The multi year delay in releasing the Doropo PFS couldn't have be related to the June 5, 2023 vesting of shares awarded to Mr Horgan and his BOD sidekicks , could it?
Cheers Goldgnome- let’s hope for a big dent in the CPI data tomorrow- at present odds are on pause for Weds- a drop(and the larger the better) will mean the FED have to pause and good for CEY.
As the U.S. Treasury Department refills its General Account by selling assets, $1 trillion in liquidity could be drained from markets, warned James Lavish, co-Managing Partner at the Bitcoin Opportunity Fund and Author of "The Informationist" Substack. This, in turn, could "break" markets and cause a sell-off.
"Any way you look at it, it [the Treasury] is tightening," Lavish told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "We could have some sort of liquidity event, some sort of credit event, that causes a sharp sell-off."
https://www.kitco.com/news/2023-06-12/-1-trillion-could-be-drained-as-Treasury-breaks-market-gold-and-Bitcoin-are-good-positions-to-take-James-Lavish.html
For those wanting light relief from the drama of watching CEY SP go up and down...
https://www.youtube.com/watch?v=Sj6-QDVYbv8
If you laugh at this there is more on the many financial advice channels...
best
the gnome
Importnt read, possible Black swan event."
09.48 . Cornelius Christian.
$1 trillion could be drained as Treasury "breaks" market.
They ,Powell, as I have commented before ,prepared to do anything to maintain the dollars value . And Bidens Democrats ,before the election.
Otherwise he and the rest of the FED could be out .
But not out of work ,as normal.
Oops it was earning throughout the H1 in previous.
For H2 if the average gold price sold was 1800, the entire year gold price average falls to 1853 per ounce sold. $94M profit or 7.1 per share has CEY at 95p at just 13.3 PE rate which is well below the 15 times PE average and well below 20 PE peaks.
Thanks for info cant go wrong when director buy in
Astro,
CEY is likely to deliver 48,000 ounces more gold in H2 over H1. H1 gold price sold is around 1930 per ounce. If the gold price dropped to 1800 tomorrow for the last 18 days of H2 the gold price average sold would only drop to 1919. CEY retreat is far more dramatic in relation to its earnings throughout all of H2. The current pull back is unlikely to see 80's handle on Centamin SP.
The director brought some share a few months ago at 98. so we can't be that wrong.
Still adding. 18 May gold 1965 futures and CEY 105p.
Gold same price and CEY 94.8p. Despite 2p divi this is severe front running on gold price. Slow stochastics are approaching 2023 lows and now within 1%. Daily RSI is 4% above low of 2023 at 29 daily. 94p should be strong support area.
Look like Gold is the boogle man for this bull run. hopefully, if the fed stop rate the gold might see this as a positive thing
490k not a million lol- I blame the calculator , but you get the gist.