Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video 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.
It is probably worth making the distinction that the fuel cost WAS $23m, as after my question at the last shareholders meeting we know that Centamin don't and had no plans to fuel hedge (slightly annoying personally as this was entirely foreseeable even without the Ukraine situation).
The Fuel costs could be much higher now, as should be the savings from the solar plant, but we could still be net worse off than before in terms of AISC for production.
RE....Do you not think that a number of people will already know the results due to be published tomorrow and have acted accordingly ?
European shares stood in the red territory in premarket trade on Tuesday as investors awaited the Russia-Ukraine talks to resume, with United States President Joe Biden stating that the US will make sure Kiev has enough weapons to continue defending and with Ukrainian presidential advisor noting that it will be possible to reach a peace agreement by May at the latest.
On the economic front, investors looked forward to the latest data on the United Kingdom unemployment rate and the industrial production in the eurozone.
The DAX went down by 1.19% at 8:01 am CET, while at the same time, the FTSE 100 fell by 0.86%. Meanwhile, the CAC 40 also declined by 0.78%.
The euro gained 0.28% to the dollar to sell for $1.09714 at 8:00 am CET. At that moment, the pound sterling rose 0.22% against the greenback to go for $1.30308.
Baha Breaking the News (BBN) / SP
... And the fight will only increase in the next few years between the fiat money system and hard assets in general. And if we look at the monetary side, there’s a huge fight between Bitcoin as the most successful form of private money one could say. So there’s a huge fight between Bitcoin and the fiat money system.
Central bankers are really scared because of the success of Bitcoin being a private form of money. And they hope to bring their own central bank digital currency so they can take some of the market share of Bitcoin and other cryptocurrencies. But the more central bank digital currencies will be created by central bankers, the more people will start to flee to Bitcoin and other private forms of currency. Because the central bank digital currency is just another layer on top of the fiat money system.
So I think central bankers are trapped. Central bankers will need to fight Bitcoin. But they will fail because investors understand what’s going on, and more people are beginning to understand the fundamentals of this monetary system. That’s why Bitcoin is so successful.
The question for us, is where will gold sit?
The verdict for the fiat currency system looks very poor. The system has operated in an opaque and distrustful way for so long, its social license has essentially vaporised. Possibly related is the complete lack of trust na dlack of leadership int he political system.
https://www.theassay.com/articles/investor-insight/gold-metals-digital-assets-and-private-money/
good luck, get out of fiats
best
the gnome
Most likely same as Sotolo and I posted recently.
What is a reasonable share price in the event of a TO?
Costs for fuel highs are temporarily high
With gold prices at aN historical high anD fuel costs halving when the new solar power farm starts operating, how much would a reaonable price be for CEY?
I note at the end in response to a question on a possible takeover approach. - "If somebody comes and taps us on the shoulder then we'll have to see" - something like that. - So, IMO, it's on the cards.
Thanks!
April 20th (am I on the ball or what…)
Sorry meant to say the Q1 (increased production) is due to be reported on April 22nd
In the last update Centamin projected production recovery in Q1 2022.
They have a cc and full year 2021 results on Wednesday 16th of March.
I don’t know of any date for the solar system to be activated but as M Horgan mentioned it will be in 2022.
https://www.centamin.com/investors/investor-calendar/
Is there an estimate when production will start to recover?
Is there an estimate when they will switch on the solar plant?
Thanks.
I wonder was the “prettiest girl at the ball” remark a hint of courtship (or four ships).
Could be an interesting update on Wednesday.
When the market is told of an actual increase in production the share price will start to recover.
*interesting the solar system is going to save the company a million dollars per month, I believe the annual fuel runs at around $23m so the solar is just shy of a 50% saving.
Mr. Horgan is beginning to shine but still positive production numbers will move the pps.
thanks for this. i have some money invested in this share and several other divi paying gold stocks. i like the divi payments even if the price drops, most have little debt now and can harbour money whilst stability in many other sectors continues to rumble on. good luck, be interesting results this week and where they place the divi based on current prices
https://twitter.com/centaminplc/status/1503307295874240514?s=21
The reason , There is worldwide shortage of Chips.
Dig your garden up and plant potatoes ,as many as possible.
I don't want to sell, but if I don't read a post from Mr Tibbs in the next couple of weeks I'm going to sell
Looks like this might be a good time to clean the books and merge ... aquire....
Rio Tinto has moved to take control of the Oyu Tolgoi project in Mongolia, making a $US2.7 billion ($3.7 billion) bid for the company behind the troubled copper mine, as chief Jakob Stausholm continues his push to tidy up problem issues of the past.
Signalling the mining majors are turning their minds to acquisitions amid the boom in commodity prices, Rio on Monday revealed plans to buy the about 49 per cent of Toronto-listed Turquoise Hill it does not already own.
Lets see what happens...
best
the gnome
A 2 minute google shows multiple other things that do not mirror the crash of 1929. Equally, the same argument has been posted sooooo many times since 1929 - anyone who listened to this in the last 92 years or so would have missed out on an absolute fortune since then. Not saying that anything is not possible, but to say the world is a different place now on all fronts is an understatement. I recall same comments posted most recently and subsequently over past coule of years when markets dropped March2020... Look what happened then, gold dropped with everything else, not as severe but dropped about half of the markets... CEY dropped as bad as all stocks though.
These next few days we'll see who China sides with..
https://www.euractiv.com/section/global-europe/news/us-warns-china-against-backfilling-sanction-hit-russia/
Rebess please pass on my best wishes to Mr Tibbs and a speedy recovery. Thanks and regards Peter aka Somnamna.
Hi Tibbs, Sorry to hear you are not too well, dont be too long from posting after all you have been the most stable thing about this share! Your views are always appreciated. G,L,A,