Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Getting left behind?
Some they do as the share price is moving into 98p
A much stronger order book on the bid side for the last 15 minutes
Gold price at $1975 +9.30
Dasut, first thanks so much for the knowledge you bring that I much appreciate, second I like you believe that we are getting nearer to better times. Costs will be ghastly but solar should begin to help bit later in the year, and if investors can see a better second half with improved ounces, more important the end of the huge extra costs of this year and last, and a great 2023, and IF gold makes a new all time high, then we may not see 90 again for quite a while so I too am holding, including the extra I bought around 90. Even though a lot of IFS and ANDS!
halfpenny as someone who is holding I hope you are right but I think we need to hold our breath as can't see that there will be much if any good news over the coming few weeks as if production is down which is predicted you can guarantee costs will be high and we will be seeing a financial loss. Will gold price help to offset the not so good news I doubt it but at the same time I am hoping the impact on the SP will be marginal and short lived.
We all know that production will be down and we are looking at a slow first half and stronger second half but this doesn't normally prevent a fall.
So the sellers may well be in with a good chance of the 80's.
Many who sold here for a few percent profit lately will be desperate to see the sp back in the 80's to get back in but doubt that's going to occur you've probably missed lows. War will go on for foreseeable future as will inflation and centamin going forward on the front foot the sp will be going from strength to strength.
Major stock indexes in Europe traded mostly lower in the premarket session on Wednesday as investors followed the latest developments in Ukraine. Shareholders also awaited the key economic data on British inflation set for release later today.
Earlier, Ukrainian President Volodymyr Zelensky offered to release Moscow's top ally from captivity, in exchange for prisoners. Russian President Vladimir Putin noted it was "impossible to achieve progress" with Kiev as they are inconsistent in negotiations.
The DAX fell by 0.27% at 7:06 am CET. London's FTSE 100 and The CAC 40 were flat at the same time.
The euro was flat against the dollar to sell for 1.08339 at 7:29 am CET, while the pound also stood unchanged at $1.30028.
Baha Breaking the News (BBN) / AB
Happy hump y’al
The central bank of Egypt bought 44 tonnes of gold in February. Up 54% from January - the biggest jump in decades.
https://twitter.com/KrishanGopaul/status/1513552211426566147
Centamin will start using renewable energy at Sukari with the commissioning of a 36 MW solar plant planned early in the third quarter, says CEO Martin Horgan.
https://twitter.com/TheAfricaReport/status/1513538110365351939
Looks like the Golden Cross is on the way 50 days MA crossing up 200 days MA
chart... https://i.postimg.cc/52Kv74W5/p.png
Hi Dasut, you are right to query the figures, they are quite an eye opener to say the least, to be honest I was rather hoping there was a mistake, no doubt so was Cowichan,but not so it seems!
Cowichan is thorough to say the least in his research, as to Batie we would all like to know the answer, possibly Cowichan will have something to post in reply to your valid points raised.
It would be wrong of me to post more on this open forum , but I feel that your very pertinent questions submitted to the investor meet presentation should have been answered, so lets keep trying!
Tibbs I wasn't actually querying the figures I just wanted to know where to find the numbers and Cowichan has explained so now all understood. Is $100 million a squandering of funds? At the moment I am not sure as the company I would think still owns the equipment purchased to do the work to ascertain that Batie indeed maybe Burkina is non core.
Without doing the work and therefore buying the machines they wouldn't have found out that the ore body or bodies in Burkina were marginal or likely to be unviable.
If they had employed consultants/contractors to do the work they wouldn't have spent money on equipment but then again they have equipment to use south of the border in Ivory Coast and didn't waste money using contractors.
Sort of a catch 22 and is $100 million too much money to get 2 new resources to the feasibility stage and prevent throwing money away in Burkina?
Will they get a good price for Batie I wish I knew and they would answer our questions?
Hehe, indeed :-)
Thats a bit more like it
Tornadotony
There's a thread with a question for you over on the SNG board. Thanks.
Has so far battled through we shall see where gold and cey goes next tomorrow. I thought it would be the usual blow out top on inflation news.
Having another go. So probably is now moved to possibly.
Why would it, inflation and war??
The Q1 report will be poor as we know. Low production, high spend. Gold likely to turnover in short term.
Gold near 1975 and cey at 95p...its hard to watch sometime
CPI M/M 1.2%, Exp.1.2%
CPI Y/Y 8.5%, Exp. 8.4%
Core CPI M/M 0.3%,Exp. 0.5%
Core CPI Y/Y 6.5%, Exp. 6.6%
Tibbs I wouldn't say don't invest in Nigeria because done right Nigeria is a very large and interesting market and was actually the company I worked for largest market for many years. Our company having been established over 70 years ago "knows how it works" so whilst extremely challenging can also be very rewarding if managed properly.
Unfortunately I think Centamin would as a new investor struggle to cope with such challenges whereas Ghana and Ivory Coast are better structured and investment follows quite clear procedures similar now in Egypt since the new investment structure.
Experience is crucial when venturing into developing counties and in Ghana and Ivory Coast there are people and organisations who understand the procedures, have worked in the structures and know how to reduce risks and make things happen.
Just a quick note if you go onto the Centamin web site and look at Batie West it clearly states that the exploitation license expired last November so they aren't hiding the fact but unfortunately not answering questions on the impact of the value of the resource, or indeed whether they still have ownership of the resource.
cowichan......well researched and I am a recent shareholder in both CEY and longer term (5 yrs) in Tietto Minerals (ASX:TIE). The latter has undertaken massive drill programmes for 3.4 million ounces and is going into production in Cote D'Ivoire in the next 9 months or so. Used their own drill rigs for cost effectiveness. Not promoting either company but worth comparing. I will give the CEY team another year to sort things out.
Onwards and upwards back to £1+ very soon here.
Major indexes in Europe traded higher in the premarket on Tuesday amid growing concerns over intensified fighting in eastern Ukraine, the impact of sanctions, and ahead of reports on German inflation and UK unemployment. Earlier, Ukrainian President Volodymyr Zelensky said Russian troops have intentionally mined areas of northern Ukraine after withdrawing from the region.
The DAX lost 1.12% at 8:01 am CET, while the CAC 40 fell 1,00%, and the FTSE 100 declined 0.68%. The euro was down 0.15% against the dollar at 8:02 am CET, selling for $1.08670. In comparison, the pound lost 0.07% to go for $1.30210 at the same time.
Baha Breaking the News (BBN) / JGA
Very fair comments Cowichan!
I'm sure that the majority of us appreciate the dedication you give to researching and challenging on behalf of all Centamin retail share holders!
Hi Cowichan,
Thank you for explaining the rationale to support your expenditure costs on West African projects for no return or benefit to shareholders , in fact it appears from your evidence below and in the absence of anything to the contrary your conclusion's are justified
As always thank you for your research and sharing it with us