Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
Yep and ESG like every other new buzz, is getting hyped and there will be winners and losers initially then settles down into mainstream... some will make a packet, some will lose a packet- those who want to take the most risk will get either, and the majority will get somewhere in between...
Many ESG fund's are not as green as the likes of BllockRock & companies like Microsoft lead the public to believe
https://medium.com/stanford-magazine/carbon-and-the-cloud-d6f481b79dfe
https://www.bbc.com/future/article/20190207-why-streaming-music-may-be-bad-for-climate-change
The increasing popularity of electronic audio streaming could be having unintended dangerous economic and ecological impacts, based on the new study.
https://www.summerfieldgov.com/how-music-streaming-services-like-spotify-impact-the-environment
The general public are easily misled by clever marketing of big funds and the lack of action by the worlds government's and countries corrupt politicians who fail to clamp down on illegal mining and instead promote properly licensed gold mining by environmental aware companies like Centamin
https://unearthed.greenpeace.org/2021/09/01/amazon-blood-gold-likely-being-imported-by-uk-researchers-say/
https://globalinitiative.net/analysis/organized-crime-and-illegally-mined-gold-in-latin-america/
In Peru and Colombia – the largest cocaine producers in the world – the value of illegal gold exports now exceeds the value of cocaine exports. Illegal mining is the easiest and most profitable way to launder money in the history of Colombian drug trafficking.
The gold business is changing, many of the bigger companies are changing their strategies,” says Richard Morgan, head of government relations at mining giant Anglo American. “We are doing much less in Africa and no gold at all. South Africa may still have massive gold reserves but for a big company it’s all about the business case,” he adds.
https://www.theafricareport.com/58295/why-much-of-africas-illicit-gold-trade-transits-through-dubai/
https://www.business-standard.com/article/markets/mandatory-hallmarking-of-gold-jewellery-by-diwali-116041800144_1.html
Another environmental impact of Diwali
Torched grass and litter were the most reported impact of the celebrations but the sound of the fireworks has also been criticised for distressing wildlife.
Stacey Leavly, another infuriated Londoner, from Richmond, said: “All fireworks should be banned from residential areas and only very few controlled displays allowed.
https://www.mylondon.news/news/south-london-news/london-parks-ruined-fireworks-following-22099478
October 2021 CPI data are scheduled to be released on November 10, 2021, at 8:30 A.M. Eastern Time.
Yep- but this always occurs- like the .com boom. There will be losers at the start but look at the market cap of so many tech companies that were spawned around that time. Crypto initial craze happened years ago- now more and more respected organisations are on board, this is ever increasing - regulation has started, causing more rise in prices, it’s not a case of either or… I’ve already stated where my crypto investments are- you have to balance your risk in that class too- just like with gold stocks, I don’t only invest in CEY. I have zero emotional attachment in any of my investments and they don’t emotionally invest in me- if I were in the inside of the companies, that would be different
Steve
Of course everyone will or should be doing that in crypto but when I see journalists and internet constantly pumping crypto I become very suspicious. No doubt the very same people behind the banner headlines are locked and loaded and many of the sheep will be holding when they have sold down.
They will then be pumping the headlines about fools and their money.
Just my opinion of course. There is always a danger of ‘falling in love’ with your investment whether that’s CEY or crypto or both.
Many wish they had top sliced at 220 here…
No one is denying stocks and property and other assets have value, it’s key to have balance on one’s portfolio
Seen it all before with the dot com bubble. I remember a company called Oxygen. Floated at 15 x it’s value on its debut to the market.
How on earth they could put a value on it in the first place is beyond me. It was 5 guys in an office, a telephone and a fax machine.
Any shrewd investor in crypto should be top slicing and buying or investing in tangible assets.
It will come down as quickly as it’s gone up, if not quicker. Just like a good old fashioned bank run.
Seen it all before. Each individual has their own risk v reward opinion but history will be the judge of who is right and who is wrong.
I’m the meantime I will continue to top slice my profits from my profits in the markets and continue collecting my rent.
ESG stocks are a very big threat to PM stocks and yet never mentioned. Gold mining scars the earth for bling- this is an extreme view of course, but gold is a finite "natural resource" and ESG are gaining ground massively, a big threat.
Ooops, apologies for repetition lol
On day LSE will make and "edit button"...
Fanatic risk taking? What are gold stocks? All on the same spectrum, you make it sound like crypto is something new, it's another method, and more new methods will come around.
Since the dawn of time people have gambled... now crypto, gold, shares, houses etc etc... the desire to make easy money and not have to do manual labour to earn money will always exist and humans will constantly invent new ways of doing this. Since the dawn of time people have gambled... from horses, footie, casino games... now crypto, gold, shares, houses etc etc... the desire to make easy money and not have to do manual labour to earn money will always exist and humans will constantly invent new ways of doing this. The most popular ones are ones that have a hook to something else, eg you need to live somewhere so need a home, you need to common methods of payment (and lessen the cost of the intermediaries), and people like nice things to demonstrate their wealth and demonstrate this. This is why I decide on balance.
Apple is eyeing a push into cryptocurrency amid soaring interest in digital money as prices surge
Subscription only:
https://www.telegraph.co.uk/technology/2021/11/09/apple-mulling-cryptocurrency-move-tim-cook-says/
Steve not lazy. Tulips were introduces to Holland in 1593, they rapidly became coveted as luxuries and started going up and down in price. Short selling was already banned in 1610. By 1634 foreign speculators entered the market. Prices continued to rise into 1636, then reached a peak and collapse in 1637. The South Sea co lasted 9 years till its collapse. Just my view Crypto is another of these but I may be completely wrong but not lazy so why not just say you disagree rather than being pejorative. Everyone’s view here is valid especially when founded, why do you think Cryptos will keep going, I suppose impressionist art and houses have but not in such a bubble like way? A final sentence from the Wikipedia tulip article to chew on: “ The existence of the plague may have helped to create a culture of fatalistic risk-taking that allowed the speculation to skyrocket in the first place”. Now far more important how many goes will it take gold to break through 1835?
Shares in Europe traded lower in the premarket on Wednesday as COVID-19 made a return to public focus. Germany saw another record rise in its rate of the number of people infected with coronavirus per 100,000. France's infections from the disease registered daily reached a two-month high.
Earlier, member of the European Central Bank (ECB) Executive Board Isabel Schnabel warned of a potential instability concerning house prices.
The DAX went down by 0.17% at 7:19 am CET. At the same time, the FTSE 100 declined by 0.22%. Meanwhile, the CAC 40 decreased by 0.13%. The euro lost 0.16% to the dollar to sell for $1.15770 at 7:38 am CET. At the same time, the pound sterling stood flat to the greenback to go for $1.35522.
Breaking the News / JR
Happy hump y’al
Tulips lasted a year Sotolo, cryptos >10years in a vastly accelerated world - lazy comment.
OK, I see BlackRock have been selling down their position as has a group of Insurers, so the supply of CEY shares on the market >> demand, so that explains the share price behaviour over the last few weeks. The Blackrock view is below, and so their sell down is across the board, and I would imagine a lot of sycophants would follow their lead.
"BlackRock Inc. fund manager Russ Koesterich has sold almost all of his gold holdings on expectations that real rates will normalize as the global economy rebounds.
“Fourteen months ago, we had a fairly significant position in gold. Today, we’ve reduced it to almost zero,” Koesterich, the manager of the BlackRock Global Allocation Fund, said during an interview with Bloomberg Television. “If part of our view is that real rates normalize a bit, that particular commodity is unlikely to work as well as it did in the middle of 2020.” '
I think the thinking is delusional. Gobal economic rebound? The costs of business are very high, logistics/supplies 6-9 months and costs of sending materials around is unbelievably high. Wages and salaries (10-30%) are going up, workers are moving on, so there is a game going on to increase salaries to attract and keep the best. Real producitivity is mired in more bureacratic red tape, adhoc covid related protocols, Energy costs up (Fuel by 30-40%). Real estate unsustainably high (up 20++%). We are massively short on skilled workers, and very hard to get them into Australia, and West Australia is just about to put up its walls to the rest of Australia (and some say its due to the inability of the health system to cope with any covid outbreaks of significance? not sure what the government has been doing with the excess cash from the iron ore price extravaganaza?!!) Flow on from various emissions issues will increase costs.
So the global economic rebound is a big bet, and I will sit that one out, and position for a slow creep forward.
Political leadership abysmal (somethigs dont change - sigh)
Warren Buffett’s Berkshire Hathaway reported a two-thirds decline in profits in the third quarter compared with the same period last year, while its cash pile hit a new record despite increased share buybacks.
Inflation spiked, interest rates similar???...I think higher for longer will be around for lot longer ... more like a mountain range looming not a spike.
best
the gnome.
Candid, hopefully yes, looking at the past gold should now rise as real interest rates look very likely to fall further. However historically as said the opportunity cost of holding gold is versus bonds, whose real rates are going even further down, good for gold. Butnow gold is also competing with qe elevated shares and cryptos, so when that tulip mania bursts and the dust settles gold will hopefully be off to the races. However this summer I visited the stunning Houghton Hall that Robert Walpole built on his south sea bubble profits, these things can go further than you think possible,…..
Wow.....thanks Tibbs for your kind remarks . They are both appreciated and reciprocated.
Yes it has been a steep learning curve , but one I am enjoying immensely . I am retired now so I have time to contribute in areas where my strengths lie .
I have also found it extremely useful to gather the knowledge , thoughts , hopes and fears of all members of the forum , too many to mention , but please be assured that any contributions I do make, are done so with the spirit of good intention.
Yes I agree, together we make an effective group , and if I may say so , you are the glue that holds it all together
Best Regards
Candid
Hi Candid,
i appreciate that buying into Centamin has resulted in a bit of a steep learning curve understanding and coming to terms with all the issues that lie under the surface as it were!
So I felt it only right on behalf of all the forum members to to express our appreciation for all the investigative/analysis work on past company reports,etc you have undertaken and then shared your findings with us.
It must be said that your efforts have certainly proven to be eye opening in some very important respects and no doubt of great help to Cowichan in his ongoing quest for the truth on behalf of all share holders.
Tibbs
Sayed Gomaa - Head of Geological & Technical Review Section at Shalateen Mineral Resources Company.
2h • 2 hours ago
AkhGold is now hiring graduate geologists for its Egyptian exploration team. Qualified persons should send their CVs to:
careers@akhgold.com
https://www.linkedin.com/posts/sayed-gomaa-33b291205_akhgold-is-now-hiring-graduate-geologists-activity-6863863821245779968-sNnL
-------------------------------->>>
Never have I ever seen Egypt's state owned Shalateen advertise jobs for Centamin or Aton - but now they are advertising for a Sawiris company?!
What does this mean? Does Shalateen have some arrangement with Sawiris that obligates them to do this man's bidding? Are those concessions above and below Sukari in danger of winding up with Akh/Altus or even Endeavour? Strange things happening...
I’ve heard of it Mr T but don’t really know anything about the detail- I recall it on this board a while ago. Thanks- will take a look at some point.
Hi Steve,
Its possible to pay bills with Kinesis and earn interest on your spending,the Kinesis system can also be used to send gold across the globe in seconds with minimal transaction costs.
However because the card has a bank account attached to it, it offers cardholders the functionality of a debit card, including payments, deposits and transfers as well as cash withdrawals. People can also be paid salaries directly into their Kinesis account and, using the Kinesis Money system, users can store their assets in gold and convert it to cash in seconds when needed. It can receive top ups of up to $20,000 as opposed to the $500 for the virtual card. This can all be managed in the newly redesigned interface of the Kinesis online and mobile platforms.
The new banking functionality of the system can also facilitate financial inclusion. People can often lose their bank accounts because of poor credit, so this provides an option for everyday financial purposes, such as paying bills, shopping and receiving funds.
https://kinesis.money/
https://renaissancemen.org/2021/07/04/kinesis-money-honest-review-incredible-company-promise-with-some-growing-pains-being-worked-on/
So it seems seems an individual or company could be earning around 7% interest on some of their spare cash if held in gold bullion in the Kinesis audited Swiss vaults with instant access to their funds, they could also be earning around 0.5% on all spend via the Kinesis Visa blockchain system.
Yep Canetoad, I mentioned this a while ago :-). I still think gold has legs though, it's not, for sure, an either or. It does feel like it's trying to break out, which is why I keep my CEY and POLY for now.
Fingers crossed for all here, PMs are still generally way undervalued... for now...
hedgehogg,
I think Bitcoin is more worthy of the $1Trillion+ market cap than Tesla !
Bitcoin market cap $1.273Trillion
Gold Silver and Plat market cap $13.237 Trillion
Gold market cap $11.598Trillion
Silver market cap $1.381Trillion
Platinum market cap $0.258Trillion
Could you make payments with the dot com boom? Many dot com boom companies are worth an absolute fortune now
I have my own comparison of Bitcoin to the Dot.com boom :-) Im not saying its worthless, but I think its well beyond its true value. Time, and a real market correction, will tell.