The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Hi Paul,
It's always worth considering that on the vast majority of internet forums and even on social media that anyone can become, or claim to be whomever they desire!
Exactly the same applies to claims of market trading prowess and success, you have been around the block often enough to recognise the fact from wishful thinking and those who are so desperate to appear to be more successful, or superior to others!
Certainly just being invested in Centamin for over a decade is enough to make anyone who is being honest cynical!
Again, being cynical, Bitcoin seems to be falling a lot recently. I think a lot of financial institutions bought into bitcoin in the last 6 months? We wont be having to bail the banks out again will we?
What do you reckon Mr T?
Gold and gold stocks came under pressure during May. Gold ended the month with a US$59.58 (3.1%) decline to US$1,837.35/oz. The dollar was the main headwind, rising sharply to reach 20-year highs on 12 May. Gold stocks came under additional pressure from heavy selling across broader stock markets.
Markets and the economy are beginning to show signs of an imminent recession. The US Federal Reserve will eventually have to choose between lower inflation and higher growth. It can’t have both, and it might get neither if stagflation sets in.
Gold has fallen below its bull market trend-line that has been in place for three years. We will be watching to see if gold either gets back on trend, establishes a new trend or begins trending sideways in a broad US$400 band. Regardless of the trend gold takes from here, we expect it to test the top of the range again over the coming year, driven by inflation, geopolitical tensions, a weakening dollar, other risk-driven events or if the Fed changes course.
Please find this interesting and thought provoking lecture,
“I’m exposing the strange truth about America’s new economic reality.
Many will become rich, while others are left behind…”
– Nomi Prins, PhD
https://secure.rogueeconomics.com/?cid=MKT623113&eid=MKT639120&assetId=AST236063&page=1
One of biggest problems to overcome and one which is out of Centamin's and indeed us mere retails shareholders to overcome is the manipulation and suppression of the price of precious metals.
Despite the US having a record and unpayable national debt Wall Street has decided that the dollar is king and getting ever stronger and although if anyone is honest they know that this is a lie, it simply does'nt matter, because the FED and the cartel control all the levers and they ain't going to allow the truth or sensibility to prevail and stop their lucrative scam!
An sp can only go up or down- it's funny when the stats are that about 75% of retail traders lose money- so based on this if they did the opposite of what they thought this situation would reverse- so you have to question how good the info is out there...
I have little faith in most analysts and even less in the brokers ratings, many of the former have never visited or been involved in running a mine and although some have visited Sukari in the past how many of them questioned the bad mining practice or the inadequate waste clearance?
As to the former, the brokers they are even worse and seems to be even less knowledgable about mining, but then they don't really care a jot as long as they can encourage the share trading!
Not a new comment, but a new impetus, and if CEY has any sense they shoud consider their options in this space.
The gold mining industry will need more mergers and partnerships to dig up harder-to-access (deeper, more difficult jurisdictions) deposits in an environmentally friendly way, according to the head of the world’s biggest producer.
“We are seeing fewer and fewer large-scale and transformative gold discoveries,” Newmont Corp. Chief Executive Officer Tom Palmer told an industry conference in Toronto on Tuesday. “Instead, we are seeing lower grades and more-difficult-to-reach ounces.” THE IMPORTANT INFERENCE ABOUT LOWER GRADE, IS THAT THE NEWMONTS WILL NEED LARGER OREBODIES TO CONTAIN THE SAME OUNCES. LARGER OREBODIES MEANS LARGER AND MORE COMPLEX GEO-METALLURGY, WHICH IS AN AREA OF GREAT NEGLECT BY THE MINING FRATERNITY, AND WHERE THE DEVIL IS IN THE DETAIL.
To tap those ounces while assuring the industry addresses “critical sustainability issues” will require access to capital and agility, Palmer said at the Prospectors & Developers Association of Canada gathering.
“There are only a few gold mining companies who have the capacity to deliver on all of these elements: size, scale, mine life and access to capital — clearly making the case for further partnerships and consolidation within the gold mining industry,” he said.
Those who don’t understand such fundamentals “are doomed to be left behind,” Palmer said. “While gold will always exist, not all of us will without collaboration and consolidation.”
AMEN, AND SO ENDS THE READING FOR TODAY.
Best
the gold gnome
Clued
H agree and understand tgd logic .
There's around 10 brokers all predicting substantial rises considering current price . They've been predicting circa £1 for several months . If I'd been a client of there's putting money into this I'd be extremely disappointed. They are like planners. Put out a target and change it as there predictions don't materialise. Why bother?
Im just surpised more of the day traders who always call it right, havent said that they sold the shares they bought in the low 90;s for 85 and bought them all back yesterday.
However I am cynical :-)
Can anyone remember what the quoted IRR was for the Sukari DFS back in the day?
Robbren58, Brokers and analysts do attempt to be accurate within the confines of their orgs algorithms and policies. There is also some reputational factors because their analyses are fed to their paying clients in advance of being released publicly. The current CEY price action is manipulated as CEY has virtually no debt, provides reasonable div., has gold reserves higher than current sp indicates. A solid company. I wonder if an algorithm-generated recebt article, and did emphasise the limitations of its analysis, by Simply Wall Street re CEY 'shrinking' has enticed US investors to sell ?
Suffer.
Broken phone screen :-)
Yep bought a few at 75.1 yesterday
It's a stock- so inflation whacks it like many other stocks as costs rise...
Bit early to be drunk "Robbren58" celebrating the discount purchase price I hope :)
GLA
Torna.
I appreciate that , there's a lot of buy abd Outperform recommendations out there . This could have cost investors £1000s . If CEY performed as gold does that's fine but they dont perform in unison
Rob it all depends on the analyst view on future gold prices. At 1900 gold price it should be 114p for example. At 1850 we may arrive at 108-109p.
Excuse the spelling errors
14th june berenberg reiterates buy 114p target for the 3rd time
Do these brokers know what they're doing or is it wishful thinking
14th june berenberg reiterates bug 114p target gor tgd erx time
Do these brokers know what they're doing or is it wishful thinking
Major indexes in Europe traded higher in the premarket on Wednesday, as the investors await an array of economic data releases.
Eurostat's Industrial Production report for April will be released this morning, along with its Trade Balance report for the same month. Additionally, the United States Federal Reserve will announce its interest rate decision today, reported to be rising for the third time this year.
The DAX gained 0.36% at 7:23 am CET, while the CAC 40 added 0.31%, and the FTSE 100 rose 0.19%.
The euro was up by 0.26% against the dollar at 7:30 am CET, selling for $1.04416. In comparison, the pound went flat against the greenback, at $1.2002 at the same time.
Baha Breaking News (BBN) / TB
Happy hump y’al
Gold currently + .50% @ $1817.
A quick look at newmont and barrick and on the 5day sp , not that dissimilar to here
No significant short positions on short tracker either:
https://shorttracker.co.uk/company/JE00B5TT1872/
No open short positions according to lse.co.uk so ......??
posted 7 hours ago
Really it was a great day to break the daily work routine and spend time with our #exploration team at the #Sukari_gold_mine- #centamin, #bbq party was organized in the field by exploration, The #security team was invited to participate as one of our success partners. It was a great opportunity in which all the meanings of familiarity, love and cooperation dominated, very happy to work with such team, all thanks to the organizers of the day and special thanks to geologist Khaled Ali Morsi and exploration technician Youssef Mohamed and Mohamed Abdel Hai for their efforts to make this event another success, and special thanks for the continuous support from the exploration manger Mohamed Elbehairy and administration dept.
https://www.linkedin.com/posts/islam-el-hoseiny-msc-2802a96b_exploration-sukariabrgoldabrmine-centamin-activity-6942410899647266816-ZHeh?
----------------------------------------->>>>
Can't wait for the exploration work to translate into new resources. Interesting there is a security contingent in the field (and they look up to the task - former military?) Hopefully our director Ms Farrow was able to do the rounds with the Egyptian geologists - loads of decisions will need to be made as the rock samples, drill data and geophysics start to be correlated
Noticed that double the average daily volume traded today at nearly 14m.