The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi 600LT,
Nails on the head, nails on the head!
I agree Razor...that was a very well thought out contribution , with necessary caveats included
As Steve J says , most of the contributions surrounding the LOM review have been positive; yours takes it to a different level .
Here's hoping you are right ..
Hi Rebess,
Quite agree, the buggers that have been running the manipulation scam for so long are bound to already have a contingency plan , cant see them giving up such a nice little earner just because of some new regulations coming into force!
Well, there appears to be no end to the manipulation. - The theory that positions will have to be squared and a new direction implemented to accommodate B3 is beginning to look a little suspect. - Maybe it's what Alistair Macleod is now suggesting. - Namely, that the stop-loss harvesting of the muppets is so easy and so lucrative, that any financial penalties incurred under B3 through through maintaining the old status-quo is well worth it. - We'll soon know. - I'll be surprised if there isn't a plan B. - It's hard to accept that a trade that has been so easy and so profitable and for so long, we're talking about decades of control, will so easily be relinquished. Added to this, the powerful financial-families, including Royalty, who are behind the enterprise and it's easy to conclude that there must be a contingency-plan in place. - IMO
*promoted/ prompted
Wow 600LT, you’re good, very good. The truth is I have a massive investment in Centamin and the management are although impressive through their efforts at putting Sukari back on track are poor at keeping their private investors informed. The company shouldn’t have to be promoted, either through here or Twitter for positive feedback.
I’m grateful to whoever sent you along with your very polished thoughts, be it god or Centamin but as I say we shouldn’t be so miss informed m.
600LT, the envy of any petrol head, I hope you have it on the road and not sorned.
Thank you for your post.
Quietly adding. If it went down to 93p, I would be doing a whole hog and going super overweight on Centamin.
I don't know about you guys, but having carefully watched and then re watched all video presentations from Centamin during the tenure of Martin Horgan and his refreshed team, I conclude that these guys are having an absolute ball carefully transforming the outlook for Centamin.
The cost saving program is clearly being over delivered on and more and more realistic lasting savings continue to be identified. The newly granted licences within the Nubian Shield in Egypt offer very real potential multi year excitement,as the prospect of modern mining exploration techniques are applied to millennia old artisanal mines in close proximity to Sukari. The Ivory Coast prospects are nearing the stage for potential positive real world feasibility confirmations.
But the real short term kicker I think is about to be revealed, is that on the 8th December we will be advised that very significant additional reserves at Sukari, above and beyond even their original expectations, have been found and confirmed and that they will be able to reveal a much longer and richer life for our core asset at Sukari than was previously identified.
This is of course not investment advice and is my own opinion. But I urge any of you who are sufficiently interested to spend a few hours to closely listen to those presentations and read the body language of the management team and see if you draw the same conclusions as me.
https://www.investing.com/news/morgan-stanley-stick-to-their-hold-rating-for-centamin-plc-2695509
Fair comment Steve, I stand corrected, slightly lightly less waffle and a bit more time to reconsider options.
Most on this board have already stated this on the positive side.
Sotolo- would be interested to know your view which is usually contrary.
Any thoughts on what the update will say ?
He said more than expected, so less whaffle, which is why gold reacted the way he did
Key points in my earlier post
Obviously no fear of a straight answer then?
Kicking the can down the road and hoping things may turn out alright?
Doesn't exactly inspire any confidence in their monetary policy!
I wonder if our Boris Johnson has been giving them lessons on how to waffle?
Looks again Jerome Powell’s faster asset tapering remark is bunter just like inflation is transitory/temporary. Infact they might slow it down or halt. Gold can have a massive rally
Federal Reserve Chairman Jerome Powell said on Tuesday that the United States central bank will consider acting more quickly to dial back its ultra-low interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year.
The Fed is currently reducing its monthly bond purchases, which are intended to lower longer-term borrowing costs, at a pace that would end those purchases in June. But Powell made clear that Fed officials will discuss paring those purchases more quickly when it next meets in mid-December.
“The risk of higher inflation has increased,” Mr. Powell, who was tapped for a second four-year term by President Biden last week, said to the Senate Banking Committee. He appeared alongside Treasury Secretary Janet Yellen for the first of two days of testimony on Capitol Hill.
The Fed is heading into a difficult environment because the virus threatens to pull the central bank in different directions by putting its goals of low and stable inflation and a tight labor market into greater conflict.
Inflation has surged this year—to 5% in October from a year earlier, according to the Fed’s preferred gauge—amid strong demand for goods and services that have faced supply-chain bottlenecks associated with reopening the economy from the pandemic.
The latest variant of the coronavirus, like the Delta variant that led to a slowdown in growth during the third quarter, raises the risks of more continuous economic disruptions that fuel higher inflation.
The Australian economy contracted just 1.9 per cent in the third quarter despite both NSW and Victoria being forced into lockdown for most of the period. Economists had PREDICTED a contraction of 2.7 per cent. tHERE WOULD BE QUITE A FEW ON THE STREETS IN VICTORIA AND NSW WHO WOULD DISAGREE....
Australian shares plunged to their lowest level in nearly two months on Wednesday, beginning the final month of the year on the back foot, as a hawkish Fed and renewed fears over the omicron variant spooked investors..
“With potential changes in policy on the horizon, market participants should expect additional market volatility in this uncharted territory.”
UNCHARTERED TERRITORY!!! THIS MEANS WE HAVE TO RELY ON THE PREDICTIONS OF EXPERTS!? AND YU KNOW HOW RELIABLE THEY ARE!
Not sure how I will be able to sleep at night, but then there is always gold, but ti is not performing...unchartered waters, will cut back to investing in real assets...the GOLD medal ...
the gnome ...
Phew- as expected
Equities in Europe traded higher in the premarket on Wednesday ahead of the release of several economic updates during the day. Germany, the Eurozone, and the United Kingdom will all reveal their latest results in manufacturing. Britain will also reveal its newest nationwide housing prices. Additionally, Germany will unveil its performance in retail sales.
Earlier, the UK stated it plans to offer all adults the booster dose of vaccines against COVID-19 by the end of January. Meanwhile, the United States White House labeled the newly found variant of the virus, Omicron, a cause of concern but not panic.
The DAX gained 1.25% at 7:36 am CET. At the same time, the FTSE 100 advanced by 1.12%. The CAC 40 expanded by 1.34%.
The euro lost 0.06% to the dollar to sell for $1.13352 at 7:37 am CET. On the other hand, the pound sterling went up by 0.20% against the greenback to go for $1.33280.
Breaking the News / JR
Happy hump y’al
It seems to me that the profits for Centamin follow the formula of gold price plus or minus management competence , with a helping of luck thrown in . It also seems that the more competent the management team are , the luckier they get. .
On a more serious note and with regard to the Cey share price , I am looking for a noticeable shift in momentum , where the share price rises despite a fall in the price of gold ..of late is has happened on a few occasions but it corrects itself back again within a few days .
The fall in the gold price earlier today by the way , occurred after the markets closed in London .
Well , strange you should say that because I happen to be an amateur weather forecast enthusiast .( I had to give up being an amateur gynaecology enthusiast after some unfortunate lawsuits ).
I am a country specialist though with my focus being Saudi Arabia and the Arctic
My forecast for Saudi tomorrow is that it will be hot dry and sunny , with temperatures averaging around 27 - 30 degrees
My forecast for the Arctic is that it will be cold and icy with temperature around minus 25 degrees.
Forecasting for the UK is simple...it's either going to rain or it has been raining. If it is neither of these then that must mean that it currently is raining...
I could make a living out of this ..
Gould night, excuse .
Nothing new there goldgnome as you should know.
Bandits, invaders from the North, ineffective poorly paid military.
Corruption.
No need to say more than no rapid cure.
But good too hear from you.
Goonight.