George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Aether
Newmont is the third (and largest by market cap) major to show interest in Egypt -
Centamin has the only commercially producing mine and largest - perhaps most prospective - land concessions
Therefore a case could be made for multiple offers to acquire or strike some sort of co-development deals with Centamin - the latter being this shareholders preference
Cowichan,
The only reason questions won't be answered is if the answers will directly effect the SP so expect answers that are guarded but experience of the last few phone ins is that answers are normally provided.
If you have already submitted your questions then they will at the very least have time to carefully word responses and or maybe incorporate in their presentation.
What will be the potential impact on CEY?
Question 1:
Has Centamin's CEO and/or management hosted a tour of Sukari with employees and/or management of Barrick recently? And if so to what purpose?
Question 2:
Is Centamin's board of directors willing to publicly state that it deems the shares of Centamin PLC significantly undervalued ? And if they are not willing, please explain the reason(s) it deems Centamin shares are currently fairly valued.
Question 3:
When did the so-called 'bonanza grade' zone(s) actually get discovered? They just sort of appeared with the January 2022 presentation. Was it during the 'relogging' efforts of last year? And if so how did such amazing bonanza grades go unnoticed and unreported for a decade?
Question 4:
Is this statement true or false? "A 2D geoseismic programme was completed in 2019. Initial data interpretation is very encouraging, identifying multiple potential gold systems..." The statement appears in Centamin's 2019 Audited Annual Results.
https://www.investormeetcompany.com/
------------------->>>>
How many will be answered ?
We’re delighted to welcome Newmont Corporation for 3rd Egypt International Mining Show - Virtual Connect 2022
https://www.linkedin.com/posts/egypt-international-mining-show_eims2022-miningevent-miningindustry-activity-6910105857653395456-XrxD?
-------------->>>>
I didn't see Newmont entering the Egyptian scene... what or who will be their entry point?
For those who STILL want to know if Centamin has told us the TRUTH about the 'failed' 2D survey at Sukari - an educational primer to better engage with management.
---------------------------->>>>
See how PureGold Mining Inc. TSX-V:PGM, LSE:PUR has harnessed 2D seismic for successfully targeted drilling!
When: Thursday, March 24th 2022
At: Canadian Exploration Geophysical Society (KEGS) virtual conference.
Presented by: Phil Smerchanski
https://www.linkedin.com/posts/hiseis_seismic-supports-successful-drilling-at-gold-activity-6910042302862286849-nNRl?
<<<-----------------------
So Halfpenny, you were ill or hung over?
My biggest upset about yesterday is that I only bought 80,000 shares..
The prediction on the bond investibility has been long in the market. No surprises.
Central bankers, are PhD economists led and are blindsided by reality, so you can safely expect a train crash or 5 there (happened before?). "We did not forsee.." "Our models did not predict ..."
Real assets, is what you aim for as a LT investor.... they can prop up the fiats in whatever way the USA wants (and they do want to prop themselves up, believe me and a few others), and these are the guys at the PROP UP base ... The USD floats on the emotive messaging, reality is somewhere totally different.\!
Hang tight, do your own research, and think carefully ... perhaps turn the TV off for a few years>?
best and good night and good luck ...
the gnome
BOE rates not cast on as increasing again soon and inflation expectations circa 8% now.. Gold spot dips but it is going to be the only show in town very soon as the bond market yields are falling .. you couldn't make this rubbish up. Central banks are in a catch 22 now ..
Hi guys
Some great posts , soloto/tornado and the lists goes on..... to name but a few.
Like many we are still awaiting the golden flip flops (tibbs!). I would hate to see us taken over before we can realise our potential. Obviously, CEY has been littered with diabolical Management and a poor board holding no one to account never mind the disposing of assets (disgraceful) ... and thanks also to Cowichan for his endless insights.
RE: Takeover
I would hope and expect Martin Horgan to want to see through the turnaround and for the development of a multi teer asset. He has had to deal with a number of operational issues (pit wall), poor stuff! board and dodgy dealings. This all takes time but in the end he either furthers his kudos/career with CEY flying or he can continue to have a nice little number from a an expanding tier one asset. I would like to hope the latter and that CEY are not being lined up. Of course EMRA are crucial in all this
Tibbs you are missed and I wish you a speedy recovery. Here's to hopefully, an improved SP and 2023.
Kind regards to all -must dash
Darren I think you will find the majority of the costs relate to a major waste management muck shifting contract. Double the waste is double the cost and some.
We aren't going to see true mining numbers until this contract ends and they move away from building an additional mountain of waste.
Just a reminder to everyone who wants to direct pertinent questions at Martin Horgan and his team the opportunity exists for 23rd March when there will be a presentation to retail investors.
One question is "exactly" when are we going to see strip ratios that are realistic to the running of a profitable mine.
Agreed Rebess, respect to Sotolo!
hi sotolo . not too many peeps want to hear reality posts. been some very deluded posts over at omi for quite a long time. most of my buys here have been sub £1 so not too fussed. only buy on the dips. not quite in positive territory but not too far away. entry and exit all important and ignore the inevitable noise.
All credit to Sotolo for his good-call on the numbers/economics that would influence outcomes. - A+ :-)
Always lovely to hear from you Prof, I hope I am right too, but the best any of us can hope is to be right a bit more than half the time, so much serendipity and luck involved, though of course research helps and hearing from each other helps this too. Talking of which does Uncertain post anywhere now, Tiger seems to have moved from ADVFN THS board to the nether regions of Russia advising avoiding the likes of Evraz and Poly, he has huge knowledge of Eastern Europe even knowing Abramovitch, so is a font of wisdom now ,as is Pokerchips on the Hoc board with his latest on a new impeachment of the Peruvian president. Those with knowledge, rather than whinging, and who listen to each other are so very helpful in this process of chasing luck.
Morning.
Gold shrugging off last night's paltry US 25bps rates rise as expected.
Cracking chart position here from 90p, looking for c130p in due course.
I'll be buying a green Guinness later today to celebrate, Slainte..
Ta Prof hopefully bringing good luck..
Halfpenny,
Happy 2000th post!
Best wishes,
Prof
Morning Sotolo,
I couldn't help smiling seeing you being so positive in a post after all the grief you were given for being negative.
The past year has played out pretty much as you predicted. I hope that your optimism for the coming year(s) is equally accurate. Personally I agree with you the obvious wildcard being the price of gold but I think that should also stay pretty high. The previous inflationary trends are only going to be exacerbated by the war in Russia and associated trade disruptions.
Best wishes,
Prof
Moan moan moan, only lemmings whom didn't take advantage of the price weakness yesterday as all the figures were known and divulged beforehand..
Mister Booth, we could see this coming as the costs for the mine wall are huge, and costs being spread among fewer ounces increases the aisc, it shouldn't rise further and should fall again in 2023 despite inflation. It makes perfect sense without conspiracy theories, I always recommend Occam's razor to investors, the most obvious answer is the likeliest.
Darren
I think there is every sign of this share improving
So very naughtily I couldn't resist buying some more at this expected sale price
After being a bull, I have said over the last 17 months since the wall collapse we would have a horrid 2021 culminating in dreadful figures with negative cash flow issued for the year in March 2022 and a reduced dividend despite so many posters poo pooing this and talking of the continuing high dividend as a price support. I said these figures would hit the shares again this march, despite already being know, but after it would be upwards. We are now after, by a day, phew, so:
Production is now on an upward trajectory
Costs will now fall despite inflation
Profits and cash flow will begin to recover
With now near halved dividend we will have the cash to grow
hopefully this will lead to greater profit and greater dividend
plus there is a possibility gold might rise.... tho depends if Russians start selling imho
Finally a sensible price and time to buy more so I have after selling bits over the last 18 months
Losing interest in my holding here, big loss and no sign of improving