Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Cowichan, your anti-Centamin/Egypt rhetoric is almost pathological. I’m interested in what’s driving that, what happened to you here, did you lose a lot of cash, or are you hoping to influence the price so you can take a position. I can’t think of any other reason you’d waste so much time on this board. Or, is it that Saint Cowichan is so overwhelmed with compassion for investors, that he is on a mission to enlighten them…I doubt it. 😇😅
It does seem a tad unbalanced....which does tend to diminish credibility or send people scurrying for motives
A sainthood? Perhaps a seat in the House of Lords?
the gnome
Good Morning Daz,
There is nothing wrong in challenging the company on all manner of anything that is misunderstood or needs come clarification, indeed in a conversation with Martin Horgan he expressed the view that share holders have every right and should ask questions, it is healthy and the company has had and continues to have the opportunity too respond or engage in dialogue if it so chooses on all these enquires.
As a long term holder of Centamin I welcome Cowichan's enquiries and encourage all share holders not to behave like "Sheeple" and challenge anything and everything.
The failure to do so in the past and instead swallow the copious amounts of Pardey's & 'Youssefs s baloney is why Centamin is in the 'Spitoon" of the "Last stop saloon" .
Hi Mr Gnome,
Now that would worry me!
It would be bad form to disclose the size of my holding, but let me say that it is such that I feel I have every right to challenge Centamin and a right to honest answers, something that was obviously lacking in the past .
The last report was encouraging, the dividend is disappointing, but that said I am awaiting an improvement in both overall performance and the dividend!
If Cowichan or anyone else asks questions that are based on incorrect facts or media speculation then the company has every opportunity to answer them , indeed it is its best interests to do so!
Tibbs
If 480,000 ounces is in the “Spitoon of the Last stop saloon”…then I’d say someone else might like to get on the Cowichan bandwagon and get a better position too, Tibbs. Might Cowichan’s ‘balanced discussion’ simply be a poor facade for his true intentions and only feign compassion for fellow investors, it feels disingenuous.
It does seem the only thig you have to do to get into the House of Lords is go to an illegal set of parties and stand in the shadows of the PM, or something like that !!! LOL, of course helps if Boris is the PM...
We are doing it tough in Oz, ... Along with the 3.8 per cent growth in private sector wages, restaurant input costs have soared across the board. Retail prices for cheese are up 16 per cent in the year to June 30, oils and fat prices are up 14 per cent, bread is up 14 per cent, gas prices are up 26 per cent, and even spirits are up 11 per cent.
... there’s only so much people will pay for pasta!
The continued growth in services inflation is another factor causing angst among some economists. Service prices rose 6.3 per cent through the year, the highest rate since 2001, edging past the pace of price rises for goods. Service costs are weighing the MIners down, and they wont go away, or down, only up...as the RBA continues to put interest rates up ...
A big contributor to last month’s inflation result came from the continued rise in rents – up 2.5 per cent through the quarter and 6.7 per cent through the year – sparked by a huge mismatch between supply and demand, which is being exacerbated by the post-pandemic boom in overseas migration. Australia’s government policy on migration has led to intake or more than 400,000 in the year to June 30, and is expected to remain elevated at 315,000 this financial year...who are mostly renters, hence the increases in rent, and hence we have the Reserve Bank trying to correct for inbalances caused by Govt policy LOL
What a mess
the gnome
Hi Daz, agreed 480,000 oz isn't bad, but that said the astronomically high AISC as a direct result of over half a decade of intentionally high grading Sukari to pump up the guidance and hide the true state of the workings all of which has resulted in a loss of marker confidence and why the share remains where it is.
In 2015 Kees Dekker highlighted that the underground workings in many respects were crucial to achieving the predicted hoped for guidance as the open pit grades weren't that good, this was denied by Pardey on several occasions and in 2017/18 'Barminco"the drilling contractor allowed the sole but oh so essential LHDR to self destruct somebody had forgotten have a contingency plan ready, or even to order specialist spare parts!
Hi Mr Gnome,
It is disregardful the way that so many for all the wrong reasons have received their pay off reward in the form of a seat in the 'Upper House".
However these last appointments by Boris Johnson who prorogued parliament, lied to the Queen , broke with impunity his owns government's Covid regulations and deceived the general public about the true consequences of leaving the EU must be some of the most undeserved and are an insult to our UK Parliament.
No wonder the general electorate have such little faith in our political and parliamentary system!