George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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https://www.msn.com/en-us/money/markets/egyptian-billionaire-naguib-sawiris-says-a-quarter-of-a-portfolio-should-be-in-gold/ar-AAN94x4?ocid=uxbndlbing
What he says makes sense
Shipping News! - To ship a 40ft container from Shanghai to Felixstowe now costs $19200. 12 Months ago it was $2500. Price is going up, Christmas is going to be expensive.
Be good to see Word Quant getting their fingers burnt here.
This is going x dividend in 16 days price will only go up…
I think we will see $1800 this afternoon then what for the shareprice ? WorldQuant might be wanting to reduce.
We know now Goldman and UBS are saying get out of Gold this could be a good sign for a strong rally / short squeeze.
I just bought 17,189 after 10:00am that appears as a sale in the trades list - odd!
Large number of patients getting infected in some USA states. Kansas City issued alert can no longer take Covid patients from other hospitals. Numerous hospitals now getting full of patients up 100% in past week. Estimated that other operations to be cancelled if it continues at current rate. I doubt if they can ignore the problem at Jackson Hole meeting.
As we are aware the Robots are already driving the markets direction direction , but they are increasingly deployed on the battle field!
https://www.bbc.co.uk/programmes/w3ct1jg4
Are these the future of modern warfare and how concerned should we be? There are efforts to limit the development of these weapons. More than 50 nations met at the UN in Geneva this month to discuss a possible treaty. But neither Russia nor the United States have expressed any willingness to support the treaty. Ed Butler speaks to Professor Noel Sharkey who's been campaigning against the development of these weapons for 14 years and asked him how close any type of agreement was. Evanna Hu, CEO of AI firm, Omelas, and a senior fellow at the Atlantic Council in Washington, says this technology is now at the forefront of many countries' weapons development. And George Rey is a retired Lieutenant Commander in the US navy. He now works with private sector defence contractors supporting the development of autonomous weapons systems for the department of defence.
I have good fealing today will fly and back above 1pound...
How can this share be 98p when 1800 gold price was giving over 108p a month ago. At 1900 gold it was 121p. Centamin is priced down at 1700 gold.
Major European stock indexes traded in the red on Tuesday premarket with today's batch of economic data and corporate earnings in focus.
In London, the FTSE 100 fell 0.21% at 7:38 am CET. Germany's DAX lost 0.18% at the same time. The CAC 40 in Paris surrendered 0.12%.
The euro was down just 0.05% against the dollar at 7:38 am CET, selling for $1.17726. The pound declined 0.12% to $1.38296.
Breaking the News / MD
Yes interesting incite to Sebastien's mental function.
Perhaps he is losing it, by continued expansion ,with only expansion in mind , rushing in.
Seems unlikely ,but look carefully at their assets, AIM Companies ,and many problems with their current investments.
Seems he likes B/F .
Many have made that mistake that I have observed in my career.
Mining ,no Guaranties.
Ok pay the cash Seb.
For the French manager, who notes that there are no more attractive gold assets [to buy] currently in West Africa, the time has come for optimization and internal growth.
“We must make this whole thing sustainable and push our development projects.
Sébastien de Montessus intends, however, to continue investing in exploration to find the next deposits in the region, near his Burkinabè, Senegalese, Ivorian and Malian sites
To have the means for his West African ambitions, Sébastien de Montessus is now relying on his size, noting that his competitors in West Africa are few, smaller and less geographically concentrated than Endeavor.
“Clive Johnson, the boss of B2Gold (active in Mali and Namibia) has already indicated that he wanted his next major projects to be outside Africa. Nordgold, well established in Burkina Faso and active in Guinea, does little exploration and its production is declining. Iamgold is in the process of selling assets. In South Africa, Gold Fields wants to concentrate its efforts on Ghana, and AngloGold is in restructuring, ?”he says .
https://www.jeuneafrique.com/1165912/economie/or-naguib-sawiris-propulse-endeavour-dans-la-cour-des-grands/
------------------------------>>>
My Thoughts:
Montessus has a superiority complex... I would like to see him challenged by Mr Horgan asap
Egyptian billionaire Naguib Sawiris says a quarter of a portfolio should be in gold
“I say 20% to 30%. I used to be at 50%,” the chairman and CEO of Orascom Investment Holding told CNBC’s “Capital Connection” on Tuesday. “It’s something that’s fundamental. It’s always been there.”
“Let’s say the inflation comes in and there is a crash in the stock market for any reason or the other, you know, then you will be very happy that … you have a position in gold,” he said.
Asked if he expects the stock market to decline, he said prices have been high for a “very long while” and will “inevitably” fall at some point.
https://www.cnbc.com/2021/08/10/egypt-billionaire-naguib-sawiris-says-quarter-of-portfolio-should-be-gold.html
La Mancha launches $1.4 billion gold mining fund
La Mancha Holdings, owned by Egyptian billionaire Naguib Sawiris, unveiled a $1.4 billion fund back in July, to hold the magnate’s gold mining investments as well as battery metals (Lithium, Vanadium..) needed for electric vehicles.
La Mancha’s gold mining assets include stakes in Endeavour Mining, Golden Star and Altus Strategies (AIM: ALS) amongst others. It is looking to invest in junior miners and encourage M&A. Mr Sawiris has said the gold mining sector is "fragmented and needs further consolidation".
During the height of the pandemic Sawiris increased his exposure to gold stating “I believe that when there is crisis, when people are done covering their margin cost, it’s gonna go up,” Sawiris predicted in a Bloomberg TV interview in March last year. “I’m still a buyer and I’m still increasing my position, but I’m only buying mining shares [for now]” he said at the time.
https://www.mining.com/la-mancha-launches-1-4-billion-gold-mining-fund/
Sawiris and Centamin
Two years ago, Centamin rejected the $1.9 billion Sawiris backed takeover bid through Endeavour Mining Corporation citing excessive debts. According to then MD El-Raghy, Sawiris had made similar approaches "over recent years and Centamin's response has always been to refuse his offers".
The approach came after Sawiris announced a change of strategy mid 2019 to invest in gold and copper mining in Egypt following changes to mining laws in the country. Somewhat fortuitously for Endeavour (according to a Tweet by Sawiris) Centamin rejected the bid and then suffered a series of setbacks last year wiping hundreds of millions from it's market value.
https://english.ahram.org.eg/NewsContent/3/12/357139/Business/Economy/Centamin-rejects-Sawiris-backed-takeover-offer,-sa.aspx
The chances of a hostile takeover bid succeeding today are more likely given Endeavour's growth in the past two years however it remains to be seen whether Sawiris will want to face being scorned yet again or whether such a bid will be entertained
Yes Mr T--we have been fed rather a lot of c-ap over the years at Centamin. Hopefully it will come good for us sooner rather than later. Its fingers crossed for that and Martin Horgan knowing his stuff and being straight. He has been left a fair bit to clean up and i dont just mean the pile of dirt. Im hoping he is sorting stuff out a basic level, reguarding getting gold out of the gound and also putting energy saving and cost cutting measures in place. I think he is probably under promising a bit at the moment, partly so he can produce a rabbit out of the hat at a latter stage. I think that maybe that "rabbit" will be in the form of a small special dividend next year.
If Batie West is sold off and the money goes into the bank and things open up with clearing away the pile of dirt, things could start to look up with the new areas and those 44 new trucks coming into play.
Anyhow, fingers crossed ---------another 6 month wait for anything really good I reckon.
Its a great game and interesting "investainment" ....
https://www.youtube.com/watch?v=PyLibYAMDcM
a little before my time, but the intro says a lot,
https://www.youtube.com/watch?v=ptxxq5PUHEk
wheres the next hit brudda? LOL
best
the gnome
Indeed Jep
Many of the "new breed investors" were not long out of nappies when that happened! which is an important dimension of what is happening in the markets,
the other being they have only ever watched the get rich super quick on twatter or twitter, which is generally very short in keeping with their attention spans. ... LOL
Funny old world eh?
best
the gnome
Hi Mr Gnome,
I agree it seems as though they prefer to invest in the "Hype" of something that does'nt actually exist possibly never will, although those that run the markets don't care as long as it keeps the markets fluid, they will pump anything or ideed "a might be" up as long as long the punters keep buying into the dream (many on leverage (CFD's) until it starts to become apparent the dream has no substance, but by then the shorters will have taken their positions and the brokers advised their clients to sell and the market will make make lot's of dosh as the dream fades away at an amazing pace taking those that did'nt get out and their money with it!
But never mind by then there will be some rumours of more "Pie in the sky" or "Pink elephants" starting to emerge in the mainstream and on social media with a chance to get in before the price really takes off !
Possibly then if the manipultaion of the P.M using paper is going to be more diffcult after Basel 3 and considering that P.M. dont seem to have the same attraction to a newer genration of "Cloud" investors / traders then this buying into the "Dream" will be where the market manipultators can make their money?
In some way's we Centamin investors have been sold the dream of "record guidance" next quarter, "Good times coming" (Oops sorry, next time,"Oh bugger unexpexted low grades,"Oh dear forgot to sweep up the open pit crap" ) by the prevous management.
But that said our dream can becaome a reality now we have a manegement who are capable and intent on delivering on what has always been promised, just unfortunate it's a decade late!
But there you go, at least there is some reality , or substance to our dream!
Bewidlering behaviour on the markets, including the ASX!? The herd is running in many directions, and all at one time.
Valuations have nothing to do with reality, but something else. What?
The meme-stock fever gripping US sharemarkets has reached the ASX as retail traders swarm towards popular companies reported (and rorted ) on social media, message boards and budget trading apps.
The young investors who are part of this new wave prefer to conduct research on Reddit, Facebook, TikTok and Twitter, and speculate on stocks they expect to rise, without any reference to fundamentals.
The result is befuddled valuations across the market where online forums and social trading determine valuations far more than estimates of future cash flows.
The meme-stock asset class’ new frontrunner is South Australian minerals explorer turned deep-tech quantum computing hopeful Archer Materials. It climbed 21 per cent on Monday to a record $2.88 on a valuation of $655 million!!! p/e ratio was what?
Under its chairman and significant shareholder Greg English, Archer has sold its mineral tenements to focus on developing a quantum computer chip capable of working in mobile devices at room temperature, but for now, has no product, with the potential technology in development (at best, being researched maybe another way of describing it???)
APPEAL: Materials are the tangible physical basis of all technology. We’re developing and integrating materials to address complex global challenges in quantum technology, human health, and reliable energy...
THE BUSINESS? Archer is an Australian ASX listed company developing innovative deep tech for commercialisation in the multibillion-dollar global industries of quantum technology, human health, and reliable energy...NO HYPE HERE?
NEXT ...Utilising Tier 1 tech development infrastructure and facilities, R&D, people and IP, to support pre-market development....THERE IS THAT WORD AGAIN TIER 1, AND NOW ITS INFRASTRUCTURE ... and "PRE-MARKET DEVELOPMENT"
THE EXEC CHAIRMAN ON $675K PA TOTAL REMUNERATION
just amazing to see how the market works. .... do something boring like make money, mining gold, paying dividends to shareholders ... no, thats yesterdays stuff...LOL
how will it end?
good luck for those in the casino...make sure you know the new rules before you play, or have a longer time frame than 8 seconds ...
best
the gnome...
£110 will be very high when the price at 98 p . CEY PRICE IS REASONABLE AT 300 p one it will come 500p also. its IPO 160 Company never on loss, zero debts company, its products is Gold. just add annual growth 5% from 2010
Major stock indexes in Europe traded lower on Monday with the rise in coronavirus infections still in the focus. Concerns regarding the spread of new variants put a dent in investor confidence.
The FTSE 100 was down 0.62% at 7:54 am CET. The DAX lost 0.44% at the same time, while the CAC 40 tumbled 0.46%.
The euro was flat against the greenback at 7:53 am CET, selling for $1.17886. The pound fell 0.14% concurrently, changing hands for $1.38466.
Breaking the News / MD
110? Should be much higher than that
Would be nice if price moves to 110p
Hi Mick-b,
So what are you saying with regards to CEY? Is a gold mine as good as gold, or is CEY just another share that is subject to market whims?
regards
Larryh
OPINION
The world still seemed to be in order 50 years ago. Not only because 48.8°C had not yet been measured in European latitudes, but also because money was still linked to gold.
However, exactly 50 years ago, on August 15, 1971, United States President Richard Nixon abolished the gold standard. Until then, for every dollar bill printed, the corresponding equivalent in gold had to be deposited with the US Federal Reserve. For centuries, banknotes had actually been the depository receipt for gold. But since too many US citizens suddenly wanted to exchange their saved money for gold, the Fed ran the risk of no longer being able to keep the decades-valid promise. Until then, dollar bills included a note stating that the equivalent value had to be paid out to the holder - on demand - in gold coins. Ever since, that statement has been replaced by the words "In God we trust."
Nixon canceled the gold standard overnight. Other countries immediately followed suit. The price of gold, which was fixed at $35 per ounce between 1933 and 1971, is now $1,779.50. This accurately reflects the inflation of the last 50 years. Nevertheless, the purchasing power of gold has been stable for 2000 years.
50 years after the end of the gold standard, inflation in the US (5.4%) and Germany (3.8%) is beginning to surge. The COVID-19 crisis of 2020 has once again ignited the money-printing machines of the Fed and the ECB. The threat of overheating: The lingering expropriation of small savers through inflation and negative interest rates is entering the next round.
Breaking the News / CB