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Yes should be through either today or tomorw , takes a few days......Paydate 7th Oct , will we see a rise with all those reinvested dividends?
From memory should we not be getting the 2.5 c this week
Ooops, correction, make that Thursday - normal time of 08:30US Eastern and 13:30 UK time.
It's all about Weds US CPI data now... flat or down and everything will jump as FED will become dovish- opposite news and opposite reaction- could be more of a slight sell down up until then... be a good time for so CEY news in the next 2 days.
No chart gap on whatever it now does.
Major European stock indexes traded below the flatline in premarket on Monday following losses on Wall Street. The downturn trend was seemingly driven by inflation fears in the euro area, which pulled the equities into negative territory.
European Central Bank warned last week that inflation in the region is expected to stay above the target in the next three years while stressing that the depreciation of the euro could add to inflationary pressures in the euro area.
Frankfurt's DAX plummeted by 0.86% at 7:49 am CET. The CAC 40 and London's FTSE 100 fell by 0.94% and 0.60% respectively.
The euro fell against the dollar by 0.18%, selling at $0.97221 at 7:52 am CET. At the same time, the pound sterling lost 0.20% against the American currency, to change hands to $1.10646.
Baha Breaking News (BBN) / AB
Happy Monday y’al
3 support lines were blown out on GDX charts, and I noticed Chan (Gold Eagle) has a second inverse shoulder on his chart suggesting a retreat early on this week (which is good a few weeks from now). I hope Centamin are not going to waste good news. If they have bad news, they may as well publish it on Monday, and it goes down with all the other backwash. The gold price is giving Centamin another hospital pass on the SP. I could be wrong of course, but it would be a walking Jesus miracle if this holds 89p plus on Monday. Maybe China does something before London opens and one can live in hope. (Had a lovely walk today in beautiful UK weather in a deer park and reminded myself what is of course really important and that is the beauty that surrounds us). Tony
Black metalic sand is a problem in alluvial deposits , not Sukari.
The Bonanza Grade ,if sufficient , that can be mined in the Open pit ,still has to be proved.
A long way to go yet.
I will be interested when I see an RNS.
Posted 2hrs ago
Such a great week at Centamin's Sukari Gold Mine completing 3-stage GRG (Gravity recoverable gold) test work.
Was fabulous to work with the enthusiastic, engaged and intelligent metallurgy team there and a real pleasure to help expand their skills and knowledge with GRG testing.
This testing and future tests will assist the metallurgists at Sukari Gold Mine evaluate the GRG of their ore and inform future projects.
https://www.linkedin.com/posts/austell-lanyon-6a59b0117_such-a-great-week-at-centamins-sukari-gold-activity-6984360597094117376-F--2?
----------------------------------->>>>
For those interested, some of Gekko Systems processing products can be seen here:
https://www.gekkos.com/solutions
and specifically 'high grade' recovery system here:
https://www.gekkos.com/processes/#gravity-concentration
"Gravity concentration is the separation of minerals based on differences in specific gravity. A gravity concentration process is designed to recover very high grades of valuable ore material into very small masses.
The resurgence of gravity concentration in mining has come about due to its simplicity and low environmental impact. Gekko Systems has repeatedly proven that optimal liberation of mineral at the coarsest particle size reduces energy expenditure across the whole plant.
Whether gravity separation of coarse material is used for gangue rejection or pre-concentrating mineral-bearing particles, significant economical and environmental advantages exist.
Problems can arise when slurries with high magnetic material or viscosity are fed into gravity separation devices.
Therefore, correct testwork characterisation of the ore, followed by ore-specific feed preparation measures are needed. This will maximise the use of the gravity device for improved recoveries and better operating costs."
Yes- as expected- key next week is inflation CPI in US. topping/downturn will bring boost everywhere and make the next one after that 0.5 or or .25 which looked like a possibility when we saw the rally this week.
Fingers crossed- although as I kept on saying and saying, it's just a matter of time...
First support line gone. Second support at 88.95p
Lost second support line on GDX.
Lost first support line approaching second support.
Bloomberg sees another 0.75% hike next month. We shall see what happens to gold in 30 minutes or so.
Pretty much bang on - commentary ensuing
drunkinftl:
I doubt that - SPAC intended to identify companies already in private hands that could be bought according to their website.
I assume Hennie has joined due to his exposure to gold mining.
Anyone with specific knowledge feel free to disagree
first thing i thought..they are going to take CEY private?
It could be nothing to mention,
GLTA,
Dan
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
DIRECTOR DECLARATION
In accordance with Listing Rule 9.6.14, the Company announces that Hendrik ("Hennie") Faul, Non-Executive Director of Centamin, has been appointed as a non-executive director of ACG Acquisition Company Limited, a special purpose acquisition company listed on the London Stock Exchange.
This announcement contains ongoing regulated information.
Major European stock indexes were below the flatline in the premarket session on Friday, ahead of the release of data on industrial production and retail sales in Germany. In addition, Halifax will reveal statistics on house prices in the United Kingdom.
The investors will also track the United State's jobs report release, a key indicator of the country's labor market, which is closely monitored by the Federal Reserve to determine future monetary tightening policy at its following meetings.
London's FTSE slipped by 0.20% at 7:07 am CET. The DAX dropped by 0.29%, and the CAC 40 fell by 0.19%. The euro was flat against the dollar, selling at $0.97977 at 7:24 am CET. At the same time, the pound sterling was up by 0.06% against the American currency, to change hands to $1.11679.
Baha Breaking News (BBN) / AB
Happy Friday y’al…
Enjoy your weekend.
Good, but after all they are corpoate brokers to CEY.
Maybe somewhat biased, unfortunately.
3bear don't beat yourself up because I have had discussions with people working on mines who can be confused. More so the muck shifters complaining that the truck is down on tonnes compared with the machine spec sheet.
Or when doing a mine study to determine the fleet size and mix when asking consultants what the weight/density of the material is.
As I say it is quite a gutsy decision to go for light weight bodies because they carry more volume and overloading a truck is a no no , do it only once and you are in danger of breaking or weakening something.
It is paramount that you know your material density.
Another very important thing to know is how abrasive the material is because I have had some wonderful discussions with the guys in the workshop protecting the bodies/trays with welding on wear strips and the production guys asking why they are down on tonnes. Yes the bodies/trays are carrying around extra steel. Very seldom do the figures stack up to adding wear bars unless of course the material being moved isn't valuable which is unlikely on a mine or quarry.
Before changing the bodies there will have been some extensive studies using weigh scales in conjunction with the onboard information on the trucks and the loaders in all areas of the mine.
Current fed band is 3 - 3.25. Board members have said they expect rate to be 4.6 early next year which means 4.5 - 4.75 band which makes it seem they intend to do two more 75 bp rises.
I know they are under heavy pressure to pivot but after being caught out so many times talking out of both sides of their mouths I am inclined to think they will stick to it despite significant indications that it is unnecessary to go so high.
I do not hold the board members in particularly high regard, they have a hard & lousy job but they seem more worried about themselves & their future prospects rather than the economic havoc they bestow on us all.
Hopefully I am wrong :)
I remain of the view as I have been for months and months that inflation will top and drop this calendar year- indications look like it has topped in US (and only interested US as ROW tends to follow...)- and will begin to drop- gold got a jump this week due to this as FED bets are looking like 1 hike, then another less hike, then that's it... this could, of course, change- but markets are poised around this. Yet again, I repeat, this is nothing like 2008 and other recessions, inflation is nothing like previous inflation surges- stocks will rise and CEY along with this (and along with inflation drops)... For the last year I've listed to so many doomsayers and the hyperbole is bordering on bizarre and ridiculous as are the increasing number of "experts" pushing their views and agendas on youtube, gaining fortunes from their "click-bait" headlines. I maintain the doomsayers have been correct 2to3 times in 30 years and anyone with half a brain can see that those who stayed in have made far more money than they ever have... so for me, short and medium term this is a hold for me and buy (if i had already not hit my max for gold miner investments as part of my portfolio)
Bank of America strategy guru Michael Hartnett says: “The inflation shock that caused a rates shock, which now threatens recession shock and credit event … reflects painful regime change, as bullish deflationary era of peace, globalisation, fiscal discipline, quantitative easing, zero rates, low taxes [and] inequality gives way to inflationary era of war, nationalism, fiscal panic, quantitative tightening, high rates, high taxes [and] inclusion.”
There’s clearly something very attractive – intellectually and, dare we say, morally – about the idea that what we are seeing now on global markets is the bill for 15 years of financial repression and excess coming due, and this is simply a return to a more “normal” world, where capital has cost and risk is actually priced.
The pain is not pleasant, but it is necessary.
But highly respected Macquarie strategist Viktor Shvets has a very different view.
He argues that such a “normalisation is neither probable nor perhaps even desirable” because economies are so indebted that to suddenly “starve the beast of liquidity with a determined but futile attempt to raise the cost of capital” would be to risk the sort of carnage that “usually involved a massive economic and social dislocation, and were preceded and/or followed by revolutions and wars”.
Well it does appear we are there now. How many wars, and what will gold do
the Iranian Revolution in 1978, the Iran-Iraq war in 1979, the Soviet Union’s invasion of Afghanistan in December 1979, and the Iranian hostage crisis in 1979. .....this period saw heightened activity in gold prices. Gold prices rose 23% in 1977, 37% in 1978, and an incredible 126% in 1979.
During the first Gulf War, when Iraq invaded Kuwait in 1990, gold prices soared again.
After September 11, 2001, attack on the United States, gold prices surged. This move was followed by the US invasion of Iraq in 2003. This also resulted in an uptrend in gold prices.
and so on
BUT this time it will be different (don't you like it ?). We have ludicrous levels of debt without doubt. How does the debt play out.
Gold will shine through
best
the gnome
More to do with carrying more material 3 B.