Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
Jesus loves you Mr Bond - that's all you need
Why are you bothered .
Not even investested in this company .
You post rubbish ,which 3 posters you have converted to that twisted Goerbels propaganda.
I wondered about why Centamin switched from Buchanan to FTI Consulting
Turns out it's the connection Mr Horgan had with an employee there - Ben Brewerton - back from his time leading Toro and Mr Brewerton's role in its sale to Resolute. Now the circle of nepotism is complete. It always 'pays' to look after your friends... over shareholders.
https://www.fticonsulting.com/experts/ben-brewerton
https://www.linkedin.com/in/ben-brewerton-209b453/
----------------------->>>
https://www.mining-technology.com/news/resolute-mining-to-acquire-toro-gold-for-305m/
August 1, 2019
"Toro Gold CEO and founder Martin Horgan said: “This acquisition provides our shareholders with the opportunity to realise immediate value for their shareholding in cash while also receiving a meaningful interest in a premier African gold producer as shareholders of the enlarged Resolute."
“The contribution of our highly profitable* Mako gold mine and prospective exploration portfolio with Resolute’s portfolio of large scale, long life assets creates a compelling African gold investment proposition.”
interestingly enough , Resolute's share price history tells a different story... buying the 'highly profitable' (Mr Horgan's words*) proved highly unprofitable
august 9, 2019 $ 1.79 AUD (the literal five year peak)
June 1, 2023 $ 0.48 AUD
https://www2.asx.com.au/markets/company/rsg
https://www.rml.com.au/
Hi Cowichan,
You raise some pertinent points, but will shareholders get the promised updates and answers that is the question!
I have to say that I will be very pleasantly surprised if we do!
If past experience is anything to go by then we shareholders will get lots of baloney but very little if any benefits for the huge expenditure on this project!
I made some enquires with various people who are in the know, although none of them had any idea what BEBA actually does, so possibly this is some recommendation from the new advisers IPT?
Who knows!
Time to go home Cowichan ,
Overtime or just kicking in on your shift.
:-)
Since it's June and the Doropo PFS is due to be released it's probably a good time to review what we know so far.
The following are excerpts taken from the 2021 PEA "Update" released last year.
"The resource and reserve estimates have been updated from previous studies while the metallurgy remains unchanged."
"Gold grades within the mineralised zones are generally very variable and exhibit positively skewed grade distributions with relatively high Coefficients of Variation (CVs)."
"Processing rates are est. 4.0 Mtpa for fresh, semi-refractory ore requiring flotation with
intensive concentrate treatment and 4.5 Mtpa of blended oxide/transition free milling ore to
produce 1.96 Moz over an operating life of 13 years with average gold production of 208
koz/annum for the first 5 years."
"The initial capital cost, inclusive of working capital and contingency is estimated to be
US$ 275million (based on a like project) with all in sustaining costs (AISC) of US$ 904/oz."
"The project is predicted to produce, at a gold price of US$1,450/oz an after tax a NPV of
US $234 million and IRR of 21% increasing to US $487million and IRR of 33% at a consensus gold price of US$ 1,829/oz"
"The evaluation method considers the Project has been evaluated on a 100% ownership basis, with no debt financing."**
----------------------------------------->>>
Questions:
a) How much will inflation add to the est. cost to build?
b) If inflation makes the original plan too costly - will the fresh, semi-refractory ore be stockpiled until a later date ?
c) why was last year's "update" still evaluated without 'debt financing' parameters?? **
see page 10 here: https://www.centamin.com/media/2439/doropo-project-pea-report-2021_01_updates_190921.pdf
The most important part of postponing the PFS release was economics. How then did management not include an updated financing model with revised IRR ? Even before interest rates started rising it was clear there wasn't a path to finance Doropo out of free cash flow.
It's a huge oversight to not include debt financing in Centamin's revised PEA calculations, nobody does that unless you have $400 million in the bank ready to self-fund or an abundance of free cash flow not going to dividends...
Prices of precious metals rose on Thursday as the likelihood of the Federal Reserve leaving its monetary policy unchanged at its next meeting grew after its officials signaled that "skipping" interest rate hike this month could be a more favorable decision.
Meanwhile, investors dissected the latest slew of data on the United States labor market, while awaiting the key nonfarm payrolls release, scheduled to come out on June 2.
Gold was up by 0.93% to sell at $1,980.88 per ounce at 11:43 am ET. At the same time, silver jumped 1.61% to $23.89 per ounce. Platinum gained 1.58% to go at $1,014.38 per ounce, and palladium added 1.61%, trading at $1,381.17 per ounce.
Baha Breaking News (BBN) / AB
Hi Dealts,
Firstly and most importantly my best wishes for a successful recovery to your daughter and my best wishes to you and your family during such an uncertain and challenging time.
As you say its events such as you are all facing now that highlight the priorities in life!
In the meantime put Centamin on the back burner and lets hope this time that things will really be different and we finally put on the golden flip flops!
Best
Tibbs
Tibbs, thanks for your reply, it is such a frustrating share to own, full of promise. My daughter is going through Radio Therapy at the moment as she has a brain tumour so shares are not as important as health is everything. I suppose reality kicks in to what really matters in this world. Keep well my friend.
Amazon’s main UK division has paid no corporation tax for the second year in a row after benefiting from tax credits on a chunk of its £1.6bn of investment in infrastructure, including robotic equipment at its warehouses.
Amazon UK Services, which employs more than half of the group’s UK workers, received a tax credit of £7.7m in the year to the end of December, according to accounts filed at Companies House, advance details of which were shared by Amazon with the Guardian.
The government’s “super-deduction” scheme for businesses that invest in infrastructure was introduced by Rishi Sunak when he was chancellor. It allowed companies to offset 130% of investment spending on plant and machinery against profits for two years from April 2021. Amazon booked a credit of £1.13m in 2021 under the scheme.
https://uk.yahoo.com/finance/news/amazon-main-uk-division-pays-230116134.html
Hi Dealts,
The new Centamin PR company is about as much use as a chocolate teapot, what exactly have we heard from them since they took over, nothing, and what do they really know about mining or Centamin, as far as the latter goes most likely less than many of the LTH on here!
I'm afraid I lost my faith after the inevitable crack in the wall forced the admission by the company of the previously denied by Andrew Pardey ongoing poor mining practice of excessive high grading since 2015 I remain incensed, this was deliberate deceit of share holders by the BOD or incompetence, or complacency, or laziness or a combination of all of them , never the less we were carpetbagged!
If the fiasco at Sukari were not bad enough what of the so called promising West African projects, every one a money pit that has swallowed up hundreds of millions of pounds for no return, although to be fair they were a nice little earner for the drilling companies!
So after being lied to and kicked in the balls so many times I have become sick of it and I'm afraid after the last AGM feel that unless something starts to materialise soon we are once again in danger of being shafted!
That said the only way to put Sukari right is to move all the crap that Pardey and Youssef created during their tenure!
Kees Dekker is the only mining analyst that ever called Sukari right from 2015 on and he is of the opinion that Martin Horgan's present waste removal strategy at Sukari will eventually make the mine much more flexible and able to deliver more reliable guidance in the future!
So there you have it!
Keep well
Tibbs
Hey chaps, once we have the todays (ex-divi date) behind us I see us steadily moving up positively for the next 13 days or so, due to a report on Bloomberg today, that the Fed deputy is indicating the next Fed rate adjustment to combat inflation is likely to pause (& be put on hold) until they have completely assessed all of the data, as they now have reached what might be the peak for rates. Normally (with the other Gold/Silver miners) we would find this positive news!
Well Tibbs you have got me worried now, in the past I have always looked to you when feeling low about this share to get a lift! I think all long time holders have felt battered and betrayed for so long that eventually it has got to you, the problem we have no control over what is really happening and we have to believe the management will start to get it right and we maybe able to order those now very dusty golden flip flops. I wish you well and all those who have unlimited patience with this. Best regards to all.
hi tornado,
the divi is such a piddling amount and the share price is on it's **** anyway so it's understandable considering the long term prospects once the huge clear up cost start to fall away as we have been led to believe, unfortunately all too often in the past the reality didn't match up to the spin doctors predictions and we got carpet bagged!
if all goes as we are being told and the pog stays at present levels then the present share price is a steal , if not then the company will be well and truly buggered!
i don't trust the comapny after what has happened, but then i wouldn't trust any of the others companies on the stock market , the directors all fill their boots and screw their shareholders, they are in the main all lying toerag's, so may as well stay in this stinker as i cant be bothered to trade!
2022 final Dividend Timetable
Below is the final dividend timetable for the London Stock Exchange and Toronto Stock Exchange:
: final dividend of 2.5 US cents per share
· Ex-Dividend Date: 1 June 2023
· Payment Date: 23 June 2023
Payments in GBP will be based on the USD/GBP exchange rate on 6 June 2023 and the rate applied will be published on the website thereafter.
I meant IS NOT lol- need a spell checker hehe.
Today is ex- divi so you are too late
Of course it is - that’s why the SP opened today at yesterday’s price including the dividend payment extraction
Is it last day to add money for dividend ?
Divi recovered. May well be temporary.
European indexes rose in Friday's premarket trading as traders awaited a flurry of data from the Old Continent. The latest batch notably includes inflation and manufacturing figures, the Eurozone's unemployment rate, and European Central Bank President Christine Lagarde's speech, followed by the central bank's policy meeting accounts. Germany and the United Kingdom will also be posting their production reports during the day.
The Euro Stoxx 50 went up 0.55% at 8:00, the DAX increased 0.26%, the CAC 40 climbed 0.30%, while the FTSE 100 traded flat at the same time.
Both the euro and the pound lost 0.12% against the dollar at 7:58 am CET to go for 1.06766 and 1.24252 respectively.
Baha Breaking News (BBN) / MX
Hi Dasut, , I am sorry to hear of your bereavement, please accept my condolences and my best wishes for you and your family, its times like this that really put life into perspective!
Take a rest from the board, but in the meantime thank you for all your help and support in the past.
Best
Tibbs
Market, Who is on the back foot problem is you can only work with numbers that have some substance and to be honest life is too short and am not in the mood having recently lost a a much younger sister in law and the need to support my brother far out weighs any such issues?
Hi Tornado,
It's no longer a dividend, it's more like scraps from the top table that are thrown at the shareholders whilst the directors get awarded yet more free shares for doing what they are well paid for anyway, sorting out the mess that some of them helped bring about in the first place!
The company is still promising much but as yet delivering very little ,apart from more promise that is!
I just expect yet more disappointment , anything else is a bonus!