George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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This could be a slippery slope - also subject to vague interpretations (and possible litigation from disgruntled locals?) What is the recourse should fallouts occur? Opening a can of worms so to speak...
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Sept. 22, 2021
I.5. IN RESPECT OF THE MINISTRY OF ENERGY, MINES AND QUARRIES
The Council adopted a decree establishing the conditions for local supply in the mining sector.
This decree aims at the application of article 101 of law n ° 036-2015 / CNT of June 26, 2015 on the mining code in Burkina Faso which provides that "holders of mining title or authorization as well as their subcontractors give preference to Burkinabè companies for any contract for the provision of services or the supply of goods at equivalent conditions of price, quality and deadlines ”.
The adoption of this decree promotes the local supply of mining goods and services, facilitates the transfer of skills and technology for the benefit of nationals.
https://www.gouvernement.gov.bf/informations/actualites/details?tx_news_pi1%5Baction%5D=detail&tx_news_pi1%5Bcontroller%5D=News&tx_news_pi1%5Bnews%5D=632&cHash=76bc0f3913aad5f9c23f8c52c3128c0a
Steve ...yes I think the reason why I like the mining sector so much is that very few people understand it (and I include myself in this ) and the few people who do are on this board !!
This lack of knowledge out there is probably what creates the huge disconnect between a mining company's share price against its fundamental value.
Prime hunting ground for me ( and you presumably ) no doubt the "buy and hold forever " type investors may have a frown on their faces at that .
My approach is similar -
Also with Cey ..as you can see , its share price doesn't go up in steady incremental steps ..it goes up and down like a heart beat ..from March to September 2020 for example , it more than doubled , from 98p to £2.20 then it lost 50.% of its value over the next 6-8 weeks ...yes overshadowed by production problems ..but mining shares in general do tend to go up and down in similar fashion , reflecting the markets tendency to overreact , sometimes quite significantly, in the face of both good and bad news .
This suits my investment style perfectly . I buy shares when I think they are undervalued against their fundamentals , and then sell them , when I think they are over valued .
I go for 'stealth' moves ..in and out within a year , I usually make a profit , but I do tend to exit too soon and miss out on larger gains , but hey , a profit is a profit as they say .
I don't ever get emotionally attached to a share , so if the fundamentals take a significant turn for the worse , them I am quite prepared to sell at a loss , rather than having blind faith in it .
As I say , I usually come out on top , some may say luckily...well I do tend to find that the more research I do , the luckier I get ! .
I have made money on other mining shares using this approach ( but lost money twice on Fresnillo which I now avoid ).
This is my first investment in Centamin ..lets hope luck holds.
Good luck to all.
Warren Buffett quotes on CryptoCurrencies :
(1) I can say almost with certainty that they will come to a bad ending
(2) Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero
(3) It's ingenious and blockchain is important but Bitcoin has no unique value at all, it doesn't produce anything. You can stare at it all day and no little Bitcoins come our or anything like that. It's a delusion basically
(4) If you and I buy various cryptocurrencies, they're not going to multiply. There are not going to be a bunch of rabbits sitting there in front of us. They're just gonna sit there. And I gotta hope next time you get more excited after I've bought if from you and then I'll get more excited and buy it from you. We could sit in the house by ourselves and we could keep running up the price between us. But at the end of the time there's one Bitcoin sitting there and now we've gotta find somebody else. They come to an end
(5) In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending. If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth
(6) Probably rat poison squared
(7) It's a mirage basically. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope Bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view
(8) it's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years. It is not a durable means of exchange, it's not a store of value. It's been a very speculative kind of Buck Rogers-type thing and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago
(9) A rising price does create more buyers and people think 'I've gotta get in on this' and it's better if they don't understand it. If you don't understand it you get much more excited than if you understand it
(10) it will feed on itself for a while and sometimes for a long while and sometimes to extraordinary numbers. But they come to bad endings and cryptocurrencies will come to bad endings
The same old people saying the same old rubbish about Bitcoin. It keeps bouncing back and will be 100k year end as I said back in March. Thank goodness for Bitcoin as opposed to my CEY investment. How much was CEY 12 years ago? 80p. How much was Bitcoin 10 years ago.....$0. I just wish I had invested more :(
The bitcoin bubble is going to burst and when it does, PM's will rocket. That's my prediction.
Check out Fundsmiths Global Equity unit trust Fund ...it invests large cap growth companies around the world . It has returned 18% compound per annum.). for the past 10 years ..similar annual returns for 5, 3 and 1 year too .
Two thirds invested in US equities though so does carry some country specific risk
Having been shocked by the amount of money that has run into the crypto space, there is in fact money running all over the place, trying to look for a fabulous home. The Venture Capitalists are out in force, with their shotgun approach (they dont talk about this much, ... one 10 bagger and 9 scrubbers, and sometimes 0 10 baggers and 10 scrubbers, but they talk about this less) and so many others to help invest the money floating around. Of course it is OTHER PEOPLES MONEY, AND MUCH OF IT THE TAX PAYERS ARE ON THE HOOK FOR...but please dont worry we are all in good hands.
SPACs [Special Purpose Acquisition Companies] are v interesting and have been raising funds faster than ever before! (seems that there is more money been printed than ever before, but lets not go there) In 2020, SPACs raised close to USD 100 billion in public offerings, which is more than in the prior 10 years combined ; the average IPO size also doubled from 2019. On July 22, 2020, Bill Ackman’s Pershing Square Capital Management raised USD 4 billion in the IPO of Pershing Square Tontine Holdings Ltd., recording the largest SPAC IPO to date. OK billions not trillions, but the world is flush with cash. It is NOT flush with great investment opportuntiies, and as such we see grossly distorted P/E ratios and an ever spiralling NON TANGIBLES (because like Elon Mush we are now all going to the moon [and then what happens?] LOL)
So in all the rushing and gushing, it still turns out that making about 8% pa over 10 years is a very solid return. (John Bogle was right.). So if one can build on the say 5 % div from CEY and catch a 3 % growth pa, then you are in a good space?
[But of course this does not pay the salary and bonus of Bobby Broker, and the managers of the hedge funds and SPAC's etc etc]
best
the gnome
USA: U.S. stock futures wobbled ahead of corporate results that will provide insight into the effects on the technology industry of inflation and supply-chain disruptions, including from the global chip shortage.
Futures tied to the S&P 500 oscillated between small gains and losses, ticking up less than 0.1% Wednesday and pointing to the broad-market index hovering after a five-day rally. It closed up 0.7% Tuesday, notching its highest close in six weeks. Tech-heavy Nasdaq-100 futures were also relatively flat Wednesday.
Elon Musk has already become the world’s richest person on the ascendancy of Tesla But it will be SpaceX, rather than the hyped electric-car maker, that lifts him to trillionaire status, according to a Morgan Stanley analyst. (Tesla wont be able to compete, and has had issues delivering...and thats before its great expansion, lots of froth and bubbles!)
... FUNDIES POSITION: almost half of those surveyed nominated inflation as their top tail risk, followed by China and asset bubbles; COVID-19 has been relegated to only the fifth-biggest worry.
AUS: IPO's by the hundreds, most in the metal area dusting off old projects which have been around, some a few times, and which should not be dusted and will not make a decent ROI. BUt you cant keep an old project down for long...investors have short memories, change the project name etc ...yawn.
....expectations build about a flood of gold sector M&A deals, as cashed-up mid-cap players looking to pounce on smaller neighbours. Already in recent weeks, St Barbara has made a move on $100 million junior Kin Mining, while Westgold Resources is trying to swallow Gascoyne.
...Bellevue Gold, fresh from raising $200 million debt and up to $130 million equity to get to first production, is potentially in the firing line, and is understood to have called in Goldman Sachs’ bankers to help shore up its defences.
Bellevue Gold reckons it is building one of the highest grade, lowest cost mines in Australia that could produce more than 200,000 ounces of gold in its first five years and 183,000 ounces over eight years.
Meanwhile, Gascoyne’s spurned suitor Westgold is ready to ramp up its fight. It’s expected to disclose the support of Gascoyne’s 10 per cent shareholder First Sentier in a bidder’s statement this week, at the same time that it has the Takeovers Panel mulling the situation.
All fairly predictable stuff, but the SP of CEY is not that predictable. Hope the reggulators are awake, but they have a reputation of being asleep at the wheel, is what was told to me in the local tavern.
best of luck all
Lol Razor, yes it depends on when you check- my poly is helping gains back from yesterday’s hit- I wasn’t in the night before the RNS(been whacked before) but went back in when we started dropping… didn’t see it dropping to the low close last night obviously
Poly was negative when I looked earlier.
All the list are only marginally in the red except Ferrexpo which is down more that 2%
Cey will recover, I believe.
Today poly going great guns again-
We are neutral so hopefully the slide yesterday is now over-
All the sector is negative
Everyone of the mining stocks listed below are in negative territory.
Polymetal
BHP
Fresnillo
Rio Tinto
Ferrexpo
Hoschild
*gold
Good up over half a % and CEY down in the red….again….
What is going on here.
hi Market,
Great to hear from you again, it seems the market and the brokerages regard as a legitimate way of creating business or as they say keeping the markets fluid.
There is really no will on the part of the regulators to spoil things unless they are absolutely prodded and poked into taking some action by the media.
If the worlds regulators were really doing their job then the wouldn't have been so many past financial market crashes that the ordinary people have to pay for!
Pump and dump is the way of the world, the perpetrators or lever pullers always win, the innocent and guidable always end up paying the price, just look at what has happened so far with our present UK government!
Nails on the head Mr Bond!
in areas totaling 3 Kms sq,
Nugrus Block.
Najd Block.
UmRus Block.
https://enterprise.press
AM Edition, this morning.
For those blocks already in the current licence ,no new agreement to process the material is needed.
Hence rapid recovery if good worthwhile prospects are,or have been already found.
Which may give a boost to input of extra good grade material.
I would think they know that area very well.
Good day all.
16 NOV — RBCCM Global Mining & Metals Conference
1 DEC — Sukari Life of Asset Phase 2
Equities in Europe traded mixed in the premarket on Wednesday ahead of the release of several economic reports later in the day. Germany will reveal its latest results in producer prices, the Eurozone in consumer prices, and the United Kingdom in both categories.
Earlier, European Commissioner for Economy Paolo Gentiloni remarked the European Union's economy is recovering from the crisis caused by the COVID-19 pandemic in spite of some continuing downside risks.
The DAX stood flat at 7:05 am CET. At the same time, the CAC 40 lost 0.21%. On the other hand, the FTSE 100 gained 0.13%.
The euro advanced by 0.15% against the dollar to sell for $1.16512 at 7:10 am CET. A minute later, the pound sterling rose by 0.09% against the greenback to go for $1.38078.
Breaking the News / J
Happy hump y’al
Whilst I dont think this would happen in the well regulated market in London, there is a lot of furtive activity in the colonies ...still.
Securities regulator ASIC has renewed its war on penny stock pumpers by again posting messages to a "Telegram group" made up by retail and professional traders and warning them of illegal behaviour.
On Tuesday morning ASIC joined the ‘ASX Pump Organization’ channel in its own name at the 10am AEDT market open to warn its 400-odd members against trying to pump the price of penny stock Magnis Energy Technologies higher.
“We’re monitoring this channel and we may be investigating you. Remember - you run the risk of a criminal record, including fines and prison time by being involved in pump and dump campaigns,” ASIC warned. “We can see all trades and have access to trader identities. We can identify underlying clients and networks of connected parties, and can also analyse trading patterns.”
ASIC first stunned market watchers by taking the unprecedented step of posting a message to a pump and dump-aligned chat group on October 11. The regulator warned the group’s members organised share price manipulation is illegal.
On September 9, Telegram groups succeeded in pushing shares in gold miner Australasian Gold Limited 84 per cent higher over around 15 minutes from the market open. Those groups had around 1600 members and organisers displayed some sophistication in planning to target less liquid stocks to allow artificial buying pressure to increase the price further.
and on the circus goes...one would naieve not to think this does not happen a bit further up the tree, so to speak. The names of the players change, and the scale, and the game is slightly different ... and of course the regulator is more on the ball???
best
the gnome
The question from the bus stop near the end of the world (Oz), is there some pressure/s on the SP to stay low? I can't see the info that may shed some light on this, but to look at "end games" that may see the SP hovering like it seems to be, after solid news...
1. A large shareholder is selling out, and needs to do so quickly ... perhaps needs the cash, portfolio rebalance. Silly if thissi the case, as the best way to sell a large position is by off market trade through a well networked broker. Major shareholder could be Pardy? El-Raghy? Insto?
2. A company wishing to make an aquisition, is fuding trades to keep the price low, in the hope that a low bid would be attractive, after a suitable period of time of price suppression. Any of the large gold companies might have a tingle at this.
thoughts others, evidence of this from those who have closer access to market stats? Or am I off the mark?
best
the gnome.
It cant hold onto any morning highs like i have stated a number of times as soon as the Yanks open the dollar rises and gold falls back and poor old Cey ends up in the red
They dont like gold and they will keep it down whilst they can
Another 10p and Liberum will be on target yet againp
Gold to go to 1650 before any bounce later next year