We would love to hear your thoughts about our site and services, please take our survey 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.
Nothing on the Centamin web site.
I'm guessing that the dividend will not be declared until the results on the 16th of March:
https://www.centamin.com/investors/investor-calendar/
https://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-plc/dividends
https://www.google.co.uk/search?q=Declaration+date&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
Equities in Europe traded mostly lower on Friday amid several earnings reports released throughout the day. Renault SA unveiled an annual rise in its 2021 revenue. Later, NatWest Group PLC and Eni SpA will reveal their latest financial results. Traders are also waiting for the newest update on the United Kingdom's retail sales and Eurozone's construction activity.
The DAX went down by 0.34% at 8:00 am CET. At the same time, the CAC 40 declined by 0.29%. On the other hand, the FTSE 100 advanced by 0.10%.
The euro gained 0.10% to the dollar to sell for $1.13710 at 7:59 am ET. At that moment, the pound sterling stood flat against the greenback to go for $1.36188.
Baha Breaking the News (BBN) / JR
Have a good weekend y’al
Keep at it mate. Always good for management to know that someone out there will hold them to account.
An excerpt from Centamin IR latest reply (parenthesis all their words - not mine)
" Accusation of misleading statements in the Annual Report - Centamin have not made any misleading statements in the Annual Report... "
"... the Sukari 2D seismic was a trial of the technology. That means the technology was trialed over known gold structures. No material information from that study has been withheld. The technology confirmed several of the structures, but management concluded not to allocate capital to the 3D seismic survey..."
-------------------------->>>
My Thoughts:
Figured I needed to keep fellow shareholders in the loop as to Centamin's replies. If anybody has had other replies regarding the HiSeis survey and they would like to share - please do.
A few points of contention:
1) The original response I got from Centamin said "in 2019 we trialed a 2D seismic survey to see what the data showed. The quality of the data was inconclusive"
How then in their latest response can they say the HiSeis survey "confirmed several of the structures" Either it did or it didn't!
2) Remember that Centamin's Audited Annual results of 2019 states " ...initial data interpretation is very encouraging, identifying multiple potential gold systems and exploration targets..."
3) To date NO HiSeis data, graphs or details other than that extremely positive statement in Centamin's Annual Results has been shared with Centamin shareholders or the general market.
The HiSeis survey results however can and probably already has been shared with interested 3rd parties.
4) The 10k meter brownfield drill campaign around Sukari (which is now likely concluded) relied on the data obtained from the HiSeis survey to pinpoint drill targets - which makes the seismic survey data highly, highly relevant and most certainly 'material' which means they are legally bound to share it with the market
I continue to call on Centamin's management to release the results of the HiSeis survey to its shareholders and the general market immediately.
Please share this chat post with Centamin IR if you too agree
here's the linkedin post IR has an issue with
https://www.linkedin.com/posts/don-lawson-98619370_centamin-sukari-gold-activity-6897246917709955072-Mzmo
Sotolo,
Shareholders were all made of the reason that AISC would increase albeit in the medium term in order to make the necessary changes to Sukari for the benefits of the longer term.
I couldn't care a jot about HOC, it's a pile of poo in comparison to the potential prospects for Centamin.
As Dasut explained on several occasions there really is no alternative way of rectifying the results of years of bad mining practice than what Martin Horgan is doing now.
As Kees Dekker remarked with the new strategy Centamin investors can now just sit back and enjoy the dividends whilst the recovery takes place!
You really are worrying about things you have no control over,and its pointless, just wait and see, or bail out into some other mining company, but most likely they have their problems which they won't tell you about.
Options Expirey Day.
Will be interesting/
As for CEYs AISC, that is temporary.
maybe some good news soon.
This share. is always following others and AU like the proverial tortoise.
Unless there is crap news then it drops like a stone.
Thanks Prof, I think the big disappointment is the hui gold mining index is up 15%, the Gdx over 20% so we should be laughing, yet Centamin and Hochschild lag way behind with Cey up 10% and Hoc up a measly 2%, partly I think as their high costs mean investors seem to think there are better mining alternatives immediately than speculating on shares like these coming good. Let’s hope they start playing catch up, who could have believed both these around £1 with gold at $1900 but then who could have believed costs also going up to 50% higher obviating the gold rise.
If this continues surely £1 a share must be a strong possibility…
Gold at 1901 now
Sotolo,
I agree that pessimistic comments on this boards are key to balance. It is very easy for us all to end up rebreathing each other's overly optimistic air. After all most people who are on a company BB hold that company and are therefore (presumably) positive about it.
Let us hope that we have many more days like today. Gold just at few hundreds of a cent off $1900 a short while ago.
Best wishes,
Prof
M&A takes time, and it could happen at any time, as we won't be privy to this info.
Any concrete rumour causes a jump (if a favourable one of course).
You won't get advance notice unless on the inside- so if you don't hold stock, you miss out.
Bristow the typical narcissist loves himself and hearing himself pontificate even more on just how great he is !
Anyone who thinks that Centmin have poor at investor communications should try getting anything other than corporate baloney and bullsh*te out of Barrik, truly an awful company specialising in exploitation of employees, shareholders and the natural environment!
If there were M&A or takeover talks going on , and I very much doubt there are, then they would be subject to the usual market rules of disclosure, so much as we would like to know more sooner than anyone else it ain't going to happen until the regulations allow by the appropriate means.
Yes Bristow is 7% up as well , his own ar*se that is !
patryk, yes gold up 7% but so is inflation
Well Prof it has been a lousy year with this which has fallen more than two fold, and worse Hoc, as you mention, down by over three fold, both hit by lower ounces and more important much higher costs that will only be rising further with inflation. So the question with both is can they and the gold price improve faster than inflation pushes their costs ever higher; ever hopeful but what a hit! The good thing has been what is now my largest holding and I have mentioned a few times here, Tharisa that has risen 25z since Xmas, and 50% since Nov and is still super cheap valued at under half Cey while pushing out much bigger profits, that are fast growing; and my investment is entirely thanks to Tiger on this board, who did sell out around 200 and recommended Tharisa here. It shows how useful pessimistic comments are on these boards as well as the more usual optimists
And Cey up 4p from 90p this is crazy…
Dear friends,
We are Maasai elders from Northern Tanzania. Any day now tens of thousands of our community could be forced off our ancestral lands to make way for elite tourism and trophy hunting.
We urgently need your support.
The last time we faced these threats, more than 2 million Avaaz members rallied behind our call! Together, we created such a storm that the President promised never to evict us from our lands.
But now, there’s a new head of state and plans are being revived! President Samia Suluhu Hassan may not listen to us, but we know she’ll respond to media and public pressure – to all of you! She is in Europe right now ahead of a major Europe-Africa Summit, so we only have hours to deliver our global call. Join us now – and show her the world is standing with the Maasai!
Sign now and stand with us
Our Indigenous Maasai communities have looked after East Africa's land, and wildlife, for centuries, co-existing peacefully. But successive governments have tried to kick us out of our homes under the guise of tourism and conservation.
We’ve tried everything, even taking the government to court for violating our rights. But now, public attention has waned and we fear an eviction could happen any moment – destroying our culture, leaving us homeless, and putting our wildlife at risk. Politicians are promising to find a “solution”, but losing our land could mean the extinction of our community.
So we’re looking to you for hope. We know our new President wants to engage in dialogue with the international community – that’s why she’s travelled to France to meet President Macron. It’s the perfect moment to show her that evicting us Maasai would be a global PR nightmare. We can change her mind with your support, but time’s running out – sign now!
Sign now and stand with us
Some in our community have said they’d rather die than leave their homes. But this is a choice no-one should have to make. We know that together we’re stronger - after all, we’ve changed the course of history before. Let’s do it again and re imagine a world where humans and nature can co-exist together.
https://secure.avaaz.org/campaign/en/stop_the_maasai_evictions_loc/?crtqjhb
https://iprights.org/images/resources/downloadables/IWGIA_IPRI_Urgent_Alert_Loliondo_Tanzania_Jan_2022_ENG.pdf
Hi Sotolo,
Thanks. Not sure about the wise though. That would have seen me out when we were over £2.
How are your investments going? I am taking quite some pain on FRES although fortunately did not put too much in. HOC is a car crash although made enough there on short term trades before it dipped badly and was not particularly exposed at the time. SLP getting better but still down. THS about level. RMM level pegging(ish) but expecting great things. JLP the golden child.
Are the investments enabling the build yet?
Best wishes,
Prof
Russia's claim that it is moving troops away from Ukraine's border is "false", according to a senior White House official, who added that 7,000 extra troops have arrived in recent days.
The US official also said that Russia could launch a "false" pretext to invade Ukraine "at any moment".
Moscow says it is moving troops away from the Ukrainian border after the completion of military exercises.
But Western officials say they have seen no evidence to support the claim.
"Russia must take real steps toward de-escalation," US President Joe Biden and German Chancellor Olaf Scholz agreed in a phone call on Wednesday, according to the German chancellery.
https://www.bbc.co.uk/news/world-europe-60407010
Since the start of the war in 2014, almost 1.5 million people have been internally displaced in Ukraine.
As tensions rise over a potential escalation with Russia, families who have fled once before are worried they will have to run again.
https://www.bbc.co.uk/news/av/world-europe-60370227
https://www.bbc.co.uk/news/av/world-europe-60403848
Video released by the Russian defence ministry appears to show tanks crossing the Crimean Bridge on a train heading to Russia. The convoy of the Russian Southern Military District units were leaving the peninsula after "planned drills," the ministry said.
https://www.bbc.co.uk/news/av/world-europe-60400649
On Tuesday, Moscow announced it was withdrawing some forces near Ukraine. But, US President Joe Biden said more than 150,000 Russian troops were still amassed near Ukraine's borders.
https://www.bbc.co.uk/news/av/world-europe-60382182
I see your snap and raise you one ditto
Prof, snap (and lovely to see you and your wise words here)
But what should they say?
If they had said and some thought, interest rates go up .5 in March- gold and stocks would have dropped a lot...
Am happy with what was said.
I note -
Fed officials issued a statement saying that it would "soon be appropriate" to raise the central bank's benchmark overnight interest rate from its near-zero level.
also that "any decisions would depend on a meeting-by-meeting analysis of inflation and other data," according to the minutes of the Jan. 25-26 policy meeting.
Was that referring to "Pre FED massaging " or "Post FED messaging " of the true facts ?
Wonder when exactly, same old song, same old bluffing from the same old bunch of crooks!