Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Good to hear from you Goldgnome.
I was beginning to think we’d lost you.
Centamin is cutting a positive path to prosperity all be it at slow pace but recovery nonetheless.
Happy Saturday
All good thanks, in the sweltering Colony to the south. Gold is going well against the fiats. I have been burying mself in trying to understand why the US$ is so strong when they have zero credible leadership, truck loads of debt just nipped over the $24 trillion (for those interested the next stop after trillions is quadrillions, 1,000,000,000,000,000 ), a health system that fails all but the very well healed, and so on and so forth.
CEY I note, the share price and some positive results ...
"an inflection point that will soon see us rewarded for the multi-year investment programme, with stronger free cash flow enabling us to deliver that growth while maintaining our track record of dividend payments."
Gold production is seen estimated at between 470,000 to 500,000 ounces, with a weighting towards the second half. The all-in sustaining costs guidance is USD1,200 to USD1,350 per gold ounce sold is comfortable and gold levels of us$2,200 per ounce..thats a $1,000 clear per ounce, and its a good place tobe in ....and they are producing to guidance regularly now, unlike the Pardey reign!
So I am starting to feel relaxed and somewhat comfortable...? ...
I have spent a month or so hiding in Africa, where most of the countries are well and truly broke. Lovely to spend time in Uganda, a beautiful country with such wreteched poitics, going from bad to worse. Uganda’s President Museveni has promoted his son to army chief, and if you drive the roads, you will a myriad government cars and troops flashing their way through the crowds, as if they owned the place (LOL). Recently, the president’s son has been holding rallies around the country (we ran into a few), violating a law barring serving army officers from engaging in partisan politics. But Kainerugaba says his activities, including the launch of activist group the Patriotic League of Uganda, are nonpartisan...LOL
Hello to all, and sorry for my silence ... I am back in the saddle ...
best luck to us all
The Gnome
Rebess, Horgan didn't volunteer the information about the soft 1st quarter it was as a result of a question from one of the corporate investors and then I followed up to understand more and asked about the production tonnes.
Mr T, everyone is well aware of Egypt issues, and bonkers for you to think than no one on this board isn’t aware of Maguire and all the other negative commentary - you’ve repeated this continually on this board.
Despite Centamin’s success story, it’s essential to acknowledge Egypt’s broader economic challenges. The country is grappling with high inflation, a heavy debt burden, trade deficits and other pressing issues threatening stability.
While recent geopolitical instability pushed the price of gold higher, such disruptions threaten global markets. For Egypt, they also cause revenue losses from the Suez Canal, further exacerbating economic woes and calling for careful evaluations of firms with key assets in such regions.
https://tinyurl.com/5n86j7j4
Hi Tornado,
Although there are those who attempt to deny all that you have explained because they have vested interests in keeping the manipulation going you are absolutely correct, Andrew Maguire has covered this subject/skulduggery in many of his presentations over the years.
Tibbs
Well done Sotolo!
And getting there Paul.
:-).
POG still higher than last year this time, but CEY sp starts to move down now. Horgan drew us a good picture of company future, hope this guy will not suddenly jump out to sell his own shares just like he did last year.
Bought a few more on the pull back, we shall see...
A rinse cycle (price depression) often happens after the FED pushes up gold and the miners with its talking known as the washing cycle. The reason for it is that gaps in the gold charts arise with Asia opening as well as London. USA starts the wash cycle, the Asian market drenches the gold parade and London gives it that last kicking to get all the gaps closed. Gaps in the gold charts always and I mean always get closed. Occasionally a gold market will dive down in seconds to go back up again just to record a low and close a gap. If a buy gets executed in that time frame it is that person's lucky day.
Not sure, I think the gold price yesterday was an indication of what will happen when interest rates are finally cut. And they will be.
Back down to 97p
Hi Rebess,
Many a true word
A slick, albeit rushed presentation of a jumble of as yet undelivered predictions and the enthusiastic proposed spending on new projects that may have contributed to a spike up in the share price, although that was most likely more related to the POG at that time.
But this presentation was a opportunity for the company whilst the share holders were still trying to comprehend the the finer details of it to slip in yet another cut in the dividend, possibly so it becomes accepted custom and practice until it eventually ceases to be!
Although I wasn't wearing the rose coloured glasses I was really hoping that this time my loss of confidence in the BOD was going to be unjustified and that this time was going to be different , even that a goodwill gesture of increase in the dividend would have been a start, but more of the same really , albeit in a slick presentation
"They giveth and they take it away"
Please be aware Historical post's of "Softness!"
The company also warned that production for the first nine months of 2019 is expected to be between 331,000 and 332,000 ounces. While lower than what originally expected, the company said the lower end of its full-year guidance range of 490,000 ounces of gold remains “achievable.”
https://www.mining.com/centamins-ceo-to-leave-after-challenging-year-for-the-miner/
The miner’s shares were down 12% by mid-afternoon in London at 110p, leaving it with a market capitalisation of £1.28 billion. The price drop is the highest since July, and takes the stock dangerously near to their second worst performance this year.
In February 2019, the stock price hit the lowest in six years after Centamin
https://otp.tools.investis.com/clients/uk/centamin_plc/rns/regulatory-story.aspx?cid=1756&newsid=1235519
Mirroring gold movements, albeit a tad delayed. For what it’s worth, it’s overdone.
I wouldn’t be overly concerned.
Liberium cut to hold- they’ve a pretty good record here (alas for some).
What is the saying about great minds Paul? :) :)
I thin the premature announcement about a 'soft Q1' hasn't helped. - I remember Pardey doing something similar and he crashed the SP through the floor.
That's odd. I've just mentioned something similar on a post I've just put up.
I thought the rise yesterday was a bit overdone. I sold the ones I bought last week for 111.6 and put a limit order in to buy them back, plus a few more at 108.6. I was just about to cancel the order this morning, seeing the overnight drop in the POG and try and be greedy and get them a couple of pence cheaper, but I was too slow. It actually went through at 107.96) If I had some spare money in my ISA, I would have been tempted to get a few thousand more at 104/ 105.
I think the drop this morning is overdone as well. Probably a combination of "Profit taking" (or is that "loss reduction"? ), the fall in the POG, a bit of panic and it being a Friday.
When I saw the price up over 111 yesterday I was expecting it to fall back a bit, but I didn't sell the majority of my shares for fear of maybe missing out on a continued rise. I wish the dividend was a bit higher as that would make me feel more comfortable, and probably a lot of other LTH's as well.
With the drop in price today, I am back in the red with Centamin . I don't normally deal. but my last few trades here were selling at 99.5 (wrong!) and buying back at around 104 (I think), selling at 111.6 and buying them and a few more back at 107.96. Obviously the price has dropped a bit since then.
So--swings and roundabouts. I think I'm marginally in front compared to just holding, as I have a few more shares than I did.
I don't know if anyone could check/ keeps records, but it seems that whenever Centamin have a good days rise-----say 4% or more, that is usually drops back most of it the next day?
Joy ephemeral. - Here today gone tomorrow. - Like the snowfall on the river, a moment of white then lost forever. -
Gold and silver have now closed gaps created by FED commentary at least with Asian market and it looks the same as London opens. We shall soon see if the rinse is now complete.
He’s too busy counting his Krugerrands Razor
European stocks traded mixed premarket on Friday amid the publication of more economic data and after the most recent interest rate decisions from the Bank of England (BoE) and the Swiss National Bank (SNB).
At 8:00 am CET, the DAX and the FTSE 100 were flat, while the CAC 40 fell 0.20%, and the pan-European Euro Stoxx 50 decreased by 0.42%.
The euro and the British pound were down 0.24% and 0.23% against the dollar at 8:00 am CET, selling for $1.08329 and $1.26291, respectively.
Baha Breaking News (BBN) / JG
Happy Friday y’al
Enjoy your weekend.
Gold currently $2170.05
I wonder how goldgnome is doing, the last time he posted was on February 11th when the share price was 91.5p.
I do hope our Aussy friend is okay!
“Gold miner Centamin (CEY) rose 3.9%, or 4p, to 110p after reporting higher gold production last year and kept guidance on track for this year as the price of the precious metal continues to hit fresh highs. It reached a record of $2,222.39 (£1,741) per ounce on the back of the Fed’s interest rate meeting.”
Gold currently $2180.56
https://citywire.com/funds-insider/news/ftse-flies-2-higher-on-fed-rally-and-as-bailey-primes-bank-rate-cut/a2438809
I did say that you were wrong about Capital Drilling