Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Shares on the major European stock market indexes traded with losses in the premarket on Monday, with the traders awaiting economic reports scheduled for later during the day.
Eurostat is scheduled to release a report on the Eurozone's trade balance, while both Germany's and the United Kingdom's central banks will come out with more reports on their respective forecasts in regard to the economy and possibly monetary policy shifts.
The DAX was 0.26% in the red at 6:57 am CET, while the CAC 40 and the FTSE 100 declined by 0.44% and 0.33% at the same time, respectively.
The euro and the pound lost 0.08% and 0.17% compared to the dollar at 7:07 am CET, selling for 1.04022 and 1.22424, in that order.
Baha Breaking the News (BBN) / BU
Happy Monday y’al
The fed has inflated it's balance sheet from $1th to $10tn between 2008 and now, in other words printed $ equivalent of said amount, and we're only now at the beginnings of an inflationary cycle and lots of bubbles will burst IMO. There will be winners but lots and lots of loosers.
An error in the first that is corrected in the second.
Go the 16th minute to catch the last few minutes
https://schiffgold.com/friday-gold-wrap/wishful-thinking-schiffgold-friday-gold-wrap-podcast-may-13-2022/
The misallocation of resources impacts are being reported elsewhere. Some describe the FED as they were driving on auto pilot and ran over somebody so they stopped the car put it into reverse and drove over the body again. The market bubbles in some areas deserve to deflate but its being disrupted in parts of the economy that had to go forward to improve productivity that involved highly skilled people. They are now getting trashed along with everything else. The FED has really screwed it all up and the rate hikes are not going to fix it. (In the first 16 minutes they explain how inflation has not peaked and is currently 11% as producer prices are going through the roof. )
pkumar84 you might want to take into account that Thursday is ex-dividend day so technically the pps should open down by the percentage of the divi payout which is due to all holders on June 10th.
Approximately 4p per share held into the close of business on Wednesday evening.
Thursday is also a good buying opportunity but void of the divi payment.
Welcome Teeb,
True Martiin Horgan is the type of CEO the company needed seven years ago and with the team he has brought in if all goes as planned Sukari will be capable of delivering the 500,000 oz it was always meant to!
Unfortunately tmost of the Jersey BOD that are responsible for the decimation of the share price are still in post!
Hopefully Martin Horgan and his new team will achieve their stated aims of turning Sukari into the tier 1 world class mine that was always promised, but it will be in spite of not because of the Jersey BOD who if they had any integrity or self respect would resign!
As yet all we have is yet more promises, we've had those for over a decade and as we know promises have all too often been broken in the past, what's needed now is proof!
Lets hope that the predicted price rise of gold comes to fruition ,it will have come at just the right time to help the Centamin recovery !
Market crash isn't over, crypto bloodbath will spill over to stocks - Ted Oakley
12,613 views 13 May 2022 Ted Oakley, founder of Oxbow Advisors, discusses the current market sell-off with David Lin, anchor for Kitco News.
0:00 - 50% market correction?
2:30 - Fed monetary policy
6:00 - Biggest market risks
10:10 - Private equity
11:30 - Stock fundamentals
15:16 - Stock market outlook
17:22 - Crypto market
https://www.youtube.com/watch?v=Qb1MORrImrE
First Majestic Reports First Quarter Financial Results and Quarterly Dividend Payment
FIRST QUARTER 2022 HIGHLIGHTS
• Silver equivalent production totalled 7.2 million ounces, up 59% compared to Q1 2021. Total production consisted of 2.6 million ounces of silver and 58,891 ounces of gold
• Quarterly revenues totalled $156.8 million, or an increase of 56% compared to Q1 2021
• Mine operating earnings of $15.1 million, or a decrease of 46% compared to Q1 2021
• Operating cash flows before movements in working capital and taxes totalled $35.3 million, an increase of 14% compared to Q1 2021
• Cash costs were $14.94 per AgEq ounce
• All-in sustaining costs (“AISC”) (see “Non-GAAP Measures”, below) were $20.87 per AgEq ounce
• Net earnings of $7.3 million (EPS of $0.03) or adjusted net earnings of ($6.2) million (adjusted EPS of ($0.02)) (see “Non-GAAP Measures”, below) after excluding non-cash and non-recurring items
• Sold a record 156,200 ounces of silver bullion, or approximately 6.0% of the quarterly silver production, on First Majestic’s bullion store at an average price of $27.86 per ounce for total proceeds of $4.4 million
• Cash and cash equivalents as of March 31, 2022 was $192.8 million. In addition, the Company has a strong working capital position of $194.4 million and total available liquidity of $294.4 million
• Declared a cash dividend payment of $0.006 per common share for the first quarter of 2022 for shareholders of record as of the close of business on May 25, 2022, which will be distributed on or about June 10, 2022
https://www.firstmajestic.com/
Ep 73: Live From The Vault - Understanding the explosiveness of silver. feat. Patrick Karim
4,324 views 13 May 2022 In this week’s Live from the Vault, Andrew Maguire is joined by Patrick Karim, co-founder of technical analysis service, Northstar & Badcharts, to share bullish predictions for gold and silver, founded on a lifetime of accurately forecasting rallies.
01:45 Patrick shares his short-term predictions
05:35 Silver - looking at the bigger picture
09:35 Analysing the gold and silver 16 years average chart
16:25 Patrick talks about the EFP blowup in March 2020
20:45 Looking at both technical sides of the EFP tornado
23:45 The historic opportunity for the Silver Stackers
28:15 Covering the benefits of technical charting
30:00 How to contact Patric Karim and find his services
https://www.youtube.com/watch?v=cg3Fv4RHyx0&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1
*Opinions expressed in this video of Andrew Maguire and any guest,
pkumar gold had fallen too fast, I posted on the hoc board testerday that it is time for a bounce that could even last a week or two, then on down, so I think you have done well but I would take profit fairly quickly
Interesting technical price action here, with another bounce off the 80p level which is long-term support/resistance going back to 2004.
I'm predicting a rise back up to 120p by the end of the year, though it may possibly go lower in the short-term depending on the silver & gold price movements. Silver appears to have reversed up about 2% since 1pm today.
I'm considering any drop as a buying opportunity, especially with ex-div coming up on 19th May.
It's good to see the company taking sensible decisions re sustainable power and the new management seem to have a decent plan for expansion.
I have bought 21633 shares today. I hope gold price move up next week. Any price predictions for next week please? Thanks
Rich,
Also I suppose people could be buying in for the dividend next week (although why they would do that today and not yesterday is anyone's guess).
Prof
Bloody dollar.
Barrick's just gone blue perhaps the Americans are going to join in today
Hi Rich,
It is perplexing me too. The only logic I can see is that CEY overcooked the fall yesterday and people are realising that today. Put the two days together and we are still down a fair bit.
Prof
I was looking for something a bit more material than that ;) as historically that wouldn’t happen on most goldies who’d fall with the gold price rather than rising with the market.
Gold slide : Yanks are giddy about the dollar - it'll end in tears.
The obvious reason which so many forget, CEY is a stock and not gold!
Look at the markets in general...
It was me by the way that asked the fuel hedging question at the Investors Q&A. it seriously frustrates me that this was never pursued as an option, and was brushed off as a nothing burger question at the time.
Being in the industry that Centamin are, and with many people interested in Gold as a hedge against inflation (a role ironically it is not currently fulfilling), It should have been as obvious to them as to me that Fuel and Oil costs were going to fly in the near future (think from memory Oil price was somewhere in the region of $40-60/barrel when I posed that question).
I am a Gold bull, but I can see the POG testing the 1600s in the near term, at that price and with our overheads, our profit margin will be at or possible less than Zero!
Gift Horse Opportunity coming out of the negative oil price crash to hedge fuel costs for at least a year or two, that we completely blew.
Not followed this for a while but just looked in to see how it was doing with gold tanking to find it up. Is there any obvious reason for this that I’ve missed or just the market being unpredictable as usual?
It didn't unfortunately just seen it hit 1799...I didn't think we'd see the 17's again....hopefully it will be brief
Hi Iodan,
I was thinking the same. KitCo have the support line at 1809.1 so interesting to see if that holds.
Prof
Cey doing amazingly well to say gold down to 1809