We would love to hear your thoughts about our site and services, please take our survey 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.
Maybe I should have said volatility instead of selloff anyway I got my average in cey to below 80p so cheers for volatility lol.
Hi Steve,
Fair comments, to be honest as it turns out Centamin has certainly proven to be on par with most of the most lucrative pyramid schemes!
Over a decade and more I have lost count of how many times we have listened to "Good times around the corner!", "Excellent drill results coming next time, probably!" 'On track for 660,000 0z's!" 'Law 32 soon to be ratified!" "Court case verdict eminent!" "Promising drill results in WA !" whilst being shown the pages and pages of coloured "Pardey poo" never ending drill results (Utter Bullshi(t!")to encourage share holders to keep putting their money in, whilst the BOD and other lazy wastrels are awarded bucket loads of free shares, then Oh Josef El Raghy CEO is stepping down to do other things, he had probably realised that the Sukari sham scheme was likely to be exposed,then lazy Youssef sells his free shares, nothing to worry about it's to invest in property deals,but then Oh Fu*k the pit wall starting to fall in, but never mind Pardey is off with saddle bags of swag to run yet another pyramid scheme ( see Mining News).
So what to do, Well the Jersey BOD were simply unaware that Sukari was being run on a wing and a prayer as it was slowly being submerged under a pile of uncleared crap!
In the meantime the SP is in free fall and the AISC takes off like a rocket for the next how many years, but the way out of this is to dump the WA asserts, they were never tight for us anyway, so forget the $30 odd million, cut the divi and award directors lots of free shares!
Then after getting in a credible CEO who really does know about mining to make lots of slick presentations of good times coming (sometime)at yet another Egyptian conference announcing the things have changed, well not quite yet, but who knows a decade or two on!
Well if Cey PR or IR are looking in then watch this to see how many of us shafted share holders feel about your presentations https://www.youtube.com/watch?v=FVAX166QwrU
Also note -
The Competition and Consumer Protection Commission (CCPC) is warning consumers not to engage with the scheme, which appears to be particularly targeting students and younger people.
The watchdog said it has been contacted by consumers who have been invited to take part in what they suspect is a pyramid scheme, in which they were encouraged to make an initial investment of €150 and then recruit others to invest.
https://www.thejournal.ie/flower-leaf-pyramid-scheme-people-warned-5372239-Mar2021/
ttps://www.irishexaminer.com/news/courtandcrime/arid-40237643.html
In your example I trade (not constantly hold) Ferrari and lambo.
Some here only hold the crashed Ferrari yet constantly criticise the crashed lambo... why? Bizarre to me...
Exactly my point- I trade both cey and crypto so comment on both whereas some criticise crypto without ever owning or trading it, say it's high risk and constantly ignore the fact of how high risk Cey is
Halfpenny- your expected sell off today as per usual before Monday hols didn't happen- their markets rose. There is no such thing is as per usual in the markets world...
In this week’s Live from the Vault, Andrew Maguire offers a long-term outlook on the implementation of the BRICS currency basket, with the US dollar’s reserve currency status under threat.
Andrew Maguire precious metals expert speaks on the forthcoming unwinding of the derivatives market and forecasts a large-scale reevaluation of gold and silver.
02:42: The Clue’s in the Name - Credit
12:04: Unwinding of the Paper Markets
18:24: Phasing in the BRICS Currency Basket
24:00: Silver - the Fundamentally Undervalued Asset
26:51: Sanctions Backfire on Europe
31:00: What Drives the Gold Price?
38:20: Global Superpower Back With Gold
https://www.youtube.com/watch?v=_gJeTb7TqlA
The opinions expressed in this video of Andrew Maguire and any guest,
What's your point Sotolo?
I really don't give a f*ck about the POG, or this stinking flea pit of corruption called the UK, or indeed the Centamin share price any more!
The UK, Centamin and the present worldwide markets, political and monetary systems are all buggered, down the lavatory, the POG is wherever the manipulators want it to be, it doesn't mean it's right, but those in charge and the manipulators just don't have any integrity of moral values, all they care its all about self preservation and self interest !
If President Bolsonaro is re-elected his policies will lead to the destruction of so much of the Amazon it will have such damaging consequences on the rest of the worlds environment that it will threaten the very existence of many communities and environments the world over, and this damage will be irreversible!
But if this were not bad enough its pretty obvious that sanctions aren't going to stop President Putin and he will continue to decimate and destroy Ukraine into submission, or oblivion unless some serous combined military force is put in his way , in which case there there may be the start of WW3, or even worse out of desperation the deployment of Russian nuclear warheads in which case market manipulation and the share price of Centamin will be the last of our concerns!
15 Nov 2014 Leonard Cohen - Everybody Knows (Official Audio)
Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
https://www.youtube.com/watch?v=Gxd23UVID7k
Tibbs
the quoted ISC - US$1,275-1,425/oz sold. Given the current inflationary operating environment we continue to monitor consumables pricing and review opportunities to offset price increases with cost savings initiatives.
So that is stable guidance but I suspect top end. 2022 production guidance remains as stated in the last report with increase in Q2 expected. Still making money in the volatile market so all good for me, but i share Mr Tibbs concerns but give this CEO more time to prove his worth.
Yep read this too- if you look at newmont, barrick etc has same trend as cey today and now both green. Gold seems to be fallowing equities at the mo like everything incl crypto(which acts more like a tech stock most recently)
Shares in major Indian jewellers meantime lost 6% and more for the day after the Finance Ministry in Delhi reversed 2021's surprise cut to gold import duty – a move aimed at cutting the growth of gold smuggling – and took the levy back up to 12.5%.
Finance Minister Nirmala Sitharaman also imposed export taxes on crude oil and diesel on Friday, aiming to boost domestic energy supplies amid "extraordinary times" which have seen the Rupee sink to fresh all-time lows on the currency market.
Including GST sales duty, "Overall taxes on gold now rise sharply from 14% to around 18.45%," according to Somasundaram PR, regional CEO for India at the mining-industry's World Gold Council.
"Unless this is tactical and temporary, [it] will likely strengthen the grey market, with long term adverse consequences for [India's] gold market."
India's legal gold imports jumped to more than 100 tonnes in May, the highest in a year, helping the country's trade deficit widen to a new all-time record as global investors also pulled money out of what the IMF's GDP forecasts will be the fastest-growing major economy in 2022.
"Gold smuggling was falling after the duty reduction and because of Covid-19 curbs on movement of people," says a Mumbai bullion dealer speaking to Reuters. "But now it could rise again."
With domestic Indian prices rising today following the import duty hike, gold bullion fell against most other major currencies, hitting 1-month lows in Euro terms at €1715 but holding unchanged for the week in UK Pounds at £1487 as Sterling sank yet again on the FX market.
The Reserve Bank of India has been the world's heaviest central-bank gold buyer over the last 2 years, adding more than 106 tonnes to its holdings, beating Thailand (90 tonnes), Hungary (63), Brazil (62) and Egypt (45).
The Central Bank of Iraq this week said it has added 34 tonnes to its gold reserves so far this summer, a rise of 35% taking its total to 130 tonnes – inside the top 30 central-bank hoards worldwide.
Across the Gulf of Arabia, the Central Bank of Qatar also grew its gold bullion holdings on the latest data, adding more than 4 tonnes to reach nearly 56 in total.
Anyone know what Q1 profit was, what are our expectations for q2 profit, production and aisc, have some eps estimates for 2022 - 23-24 of 10,11,11. With costs as high as they are now are these estimates out of date and can anyone update?
great come back so far from gold :)
U.S. stock futures drifted lower at the start of the second half of the year, with investors bracing for more volatility amid heightened inflation and expected interest-rate increases.
Futures for the S&P 500 shed 0.6% Friday. The broad index closed out Thursday lower, heaping on additional losses to mark the worst first half of the year since 1970. Contracts for the tech-focused Nasdaq-100 retreated 0.7% and futures for the Dow Jones Industrial Average fell 0.5%.
In premarket trading, shares of Kohl’s fell 16% after the retailer said Friday that takeover talks with Franchise Group ended without a deal. Memory-chip maker Micron Technology shares fell 4.7% premarket after the company issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter.
Investors remain focused on persistent inflation that has forced central banks to reverse years of easy-money policies and accelerate interest-rate increases. That change in position has bolstered fears of slowing growth that could lead to a recession. Central bank officials globally have signaled that they are more concerned about taming inflation than an economic slowdown. ...bets on a recession
best
the gnome
Gold’s slide has hit shares of mining companies. U.S.-listed shares of Barrick Gold Corp. fell 28% this quarter and Colorado-based Newmont Corp. slipped 25%. Both stocks noted the largest percentage decline since the quarter ended September 2015.
One factor that could help lift gold from its rut: Some investors worry the Fed’s tightening could tip the economy into recession, lowering bond yields and weakening the dollar. Fair bet, and the Fed has form in getting it wrong.
Many also still view gold as a way to protect portfolios against inflation and market swings heading into an uncertain second half.
“There’s a big conundrum right now of, ‘What are people supposed to do with their money?’” said Bill Herrmann, partner and co-founder at Wilshire Phoenix. He expects gold’s appeal as a haven to propel it toward $2,000 by year-end.
Housing is set to sink in Oz, 20-40%?
The narratives on the future are all over the shop. Undoubtedly someones prediction will be right, but who and when.
Best not to chase the Lemmings, cool head,
the gnome
interesting - "India has raised its basic import duty on gold to 12.5% from 7.5% according to the government. India is the world's second-biggest consumer of precious metals trying to dampen demand and bring down the trade deficit. The local gold prices jumped to an over two-month peak of 52,032 rupees per 10 grams, the highest since April 25th. After the duty announcement, local gold prices rose around 3%, while global prices fell 1%.
India meets most of its gold demand through imports. That has put pressure on the Indian rupee, which hit a record low earlier on Friday. This obviously makes the import costs much higher.
The duty hike should lift prices and moderate demand in India, which could weigh on global prices. But it could stoke under-the-counter buying and drive-up precious metal smuggling into the country, industry sources said.
After the duty hike, dealers were offering a discount of up to $40/oz over official domestic prices and is inclusive of the 12.5% import and 3% sales levies.
The increase in import duty on gold aims to reduce gold imports and ease macro-economic pressure on the Indian rupee, said Somasundaram PR, regional chief executive officer of the World Gold Council’s Indian operations." Kitco news
Expected a selloff before the US holiday on Monday as per usual
Dollar strength is the only reason gold is being sold off. Always the same as the market get spooked; especially before a recession. it will change over the next quarter as our spoilt yankee cousins start the see the trees and the wood. Balls deep in gold stocks now and staying that way as the history of gold is on my side, time and again. Could be wrong but hey its only money and inflation will eat it up anyway :)
Just topped up
Bought back in after selling at 82
Can’t believe that this is one of my best performing stocks in last 12 months
@SteveJones . lol that is a strange reply.
Someone points to a Ferrari crashed at the side of the ride in a mess... the Ferrari driver points to the Lambo who also crashed in the other lane totally separate to his crash and laughs... hurm yeah logical
It still doesn't stop crypto being a cruddy investment does it? wasn't that the point of the thread? look at that crashed Ferrari over there!
Making money is about buying and selling...
Another bunch for me too lol
At some point in the future we will look at moments like this as huge opportunities to buy, not to sell.
just bought a lot more .... gold producers are way oversold in my view so bought a few more companies
Crypto crash? My cey is performing dire ... far worse than crypto - so if crypto is a crash what is cey? Complete disaster