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Approves.
Sorry typo. ;-)
In just one week.
Will be interesting,very interesting.
Fingers crossed the market appruves.
The price of gold rose on Thursday as investors digested the latest jobs data from the United States, which indicated that the labor market might be showing some slight signs of cooling.
Namely, the initial jobless claims in the country increased by 21,000 to 211,000, which was higher than analysts had anticipated. The traders will now turn their focus to nonfarm payrolls, slated for release tomorrow, alongside the latest consumer price report, which will be revealed next week.
Gold advanced 1.11% to go for $1,833.35 per ounce at 10:13 am ET. Silver gained 1.13%, selling at $20.24 per ounce at the same time. Platinum rose 1.54% to $955.24 per ounce at 10:14 am ET. Meanwhile, Palladium lost 1.09% to go for $1,353.88 per ounce concurrently.
Baha Breaking News (BBN) / AY
A slight uptick in job losses which are made up anyway and gold rallies $8 dollars. Some desperate optimism for the NFP tomorrow.
That is the impression we were given Mr Bond, although that was dependent on no unforeseeable occurrences and as we haven't been informed of any as yet then I suppose its a case of "No news is good news!", or keeping our fingers crossed that there won't be any last minute disappointing RNS's announcements in our inboxes!
Somnanma.
When ever the waste contract is finished.
If memory serves me right ,end of this year or start of next.
Stock indexes in Europe traded lower ahead of the Thursday trading session after the latest economic data showed yesterday that fourth-trimester 2022 growth in the Eurozone stagnated on a quarterly basis, but that it grew 1.8% from the same period in 2021. In business news, Credit Suisse said it will delay its 2022 annual report due to discussions with the United States Securities and Exchange Commission.
The DAX decreased by 0.24%, London's FTSE 100 lost 0.23%, the CAC 40 was down 0.11% and the EURO STOXX 50 declined by 0.19% at 8:02 am CET.
The euro was flat compared to the dollar at 7:59 am CET, trading at 1.05532. The British pound was 0.08% higher than the American currency, going for 1.18580 at the same time.
Baha Breaking News (BBN) / MS
Thanks for that Mr Bond, good infoemation. Any idea when the new access will be available / target date for accessing the higher grades?
PaulM it certainly would be very good to have production up to 500k oz.
To repeat what I posted Sunday- 59% of CEY is owned by institutional investors. and there are 17 of them. I don't know whether or not this is an increase or decrease since the data you posted from Oct2022
cheers
Yes- based on assumption and both lists you posted were stated by centamin as being "those with greater than 3% holdings"
I'm completely sold out of Centamin - but I could be persuaded to reinvest in Egypt at some point if conditions improve - although I am not holding my breath.
Also, what were the previous share positions of the 'now increased' ?
Or was that an assumption because these three simply moved up the list to top ten as bigger positions sold down?
And 3 more now increased with >3% too:
Ninety One: 3.77%
Aberforth Partners:3.57%
Willington Management: 3.43%
So are you saying good or bad or no opinion, but FYI?
Share count as of late 2022
Schroders 76,271,857 6.72%
abrdn plc 69,673,637 6.02%
Share count at present
Schroders 45,208,584 3.91%
abrdn plc 59,896,169 5.18%
link to late 2022 data
https://web.archive.org/web/20221003041548/https://www.centamin.com/investors/shares-dividends/shareholder-information/
link to now data
https://www.centamin.com/investors/shares-dividends/shareholder-information/
The intention is ,when the finish of waste removal-
Is to open a horizontal tunnel to the area being mind underground. In the direction of Sukari Hill.
Then hopefully whilst doing this they are able to intercept "Bonanza Grades", as Martin Horgan said was possible. But wasnt certain.
The area has had extensive driiling going back many many years.
View the core samples on Cey website.Or at least they were.
The lower workings would then have an easier way to remove their ore for procesing much more rapidly and efficiently. At least in that area.
They know exactly where the good to excellent grades are in the hill, its just about accessing much more rapidly and very cost efficient.
Yes it would be nice to get production up to 500,000 or at least very near it. We now know what was going on when the production was high and the steps having to be taken now to rectify the result of those production methods.
I think/HOPE! that clearing away the waste will give them plenty of room for starting to up production from now on, but not at the cost of facing the same problem down the line.
Maybe the mining experts on here can give an idea about whether it is better to carry on digging deeper for gold or to just widen the area? I would have thought that at some point the extra time taken to get the material to the surface starts to weigh on costs, unless you are in a really good vein?
Let's hope for "good for gold and stocks" data for the rest of this week and next key US CPI. So far, it would seem (tough wood) damage across the board minimal (bar PM's which get whacked more heavily due to the double whammy they get),
You’re totally entitled to your opinion Steve.
Razor, I think It was nothing to do with Fres- all Powell.
European stock markets are on track for a lower opening on Wednesday after investors received the latest comments from US Federal Reserve Chairman Jerome Powell. According to Powell, the bank will likely have to raise its key interest rates higher than initially expected.
Today, investors will continue to pay close attention to Powell's second statement, looking for projections on the current state of the global economy. In other news, before the opening, Adidas reported that net sales in the fourth quarter of 2022 amounted to €5.2 billion, missing estimates.
The DAX lost 0.44% at 8:04 am CET, while the CAC 40 fell 0.15%, and the FTSE 100 was flat. The pan-European Euro Stoxx 50 dropped 0.45% a minute later.
The euro was down by 0.13% against the dollar at 8:03 am CET, selling for $1.05369. In comparison, the pound was flat to go for $ 1.18263 simultaneously.
Baha Breaking News (BBN) / JG
Cowichan I suspect Fresnillo’s dividend cut was as much responsible for Centamin losing 4.7% as the fall in the gold price on Powells speech.
Testing going forward as who knows what is around the corner. The 16th should clarify in the short term.
Absolutely agree Somnamna!
Martin Horgan and his team are doing an ok job with regard to Sukhari mine, but then they should do. That is their job and the they are being paid to do it.
The “Elephant in the Room” is monetization / development of the 160km2 and the new concession. Progress in this respect could have a big impact on CEY share price.
Demonstrable and substantiated focus on this from Martin Horgan and the (very quiet) non-executive directors on development and monetization is a key to unlocking this potentially valuable asset.
Time to get a wiggle on and not for sitting on hands.
Time to get a wiggle on to reach 500,000 oz.
Year 2010 83,432
Year 2011 202,699
Year 2012 262,828
Year 2013 356,943
Year 2014 377,261
Year 2015 439,072
Year 2016 551,036
Year 2017 544,658
Year 2018 472,418
Year 2019 480,528
Year 2020 468,681
Year 2021 407,252
Year 2022 440,974
Year 2023 Guidance is 450,000 to 480,000 oz
March 7, 2023
Production costs rose 15% to $1.45 billion from $1.26 billion in 2021, and the company expects costs to continue rising in the year ahead as a consequence of inflation.
“Our financial results were impacted by industry pressures including volatile precious metal prices and higher cost inflation,”
The company, the world’s top silver producer and Mexico’s largest gold miner, declared a final dividend of 13.3 cents per share, bringing the annual total to 16.7 cents, down 51% from 33.9 cents a year prior.
https://www.mining.com/fresnillo-halves-dividend-as-inflation-hit-profit/
China ;central bank puts world on notice as it buys more gold;anylists at PDAC expect this is only the start of a new trend.
Neils Christienson. Kitco.
Another good read .