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.
Tibbs raises an interesting topic.
These additions come at a time of greatly increased expenditures and inflation.
So why add costs IF it isn't completely necessary?
When one recalls that there have been several mining specialty advisory firms recently visiting Sukari one has to ask are these visits strictly routine?
Also to keep in mind - we already had 2 of the top 10 M&A advisory firms on board before this latest edition (namely BMO & B of A) - so what value/purpose do these new firms add ?
------------------>>>>
Top 10 M&A financial and legal advisers in metals and mining sector for H1 2022 revealed
A total of 660 M&A deals worth $30.1bn were announced during H1 2022.
https://www.mining-technology.com/news/top-10-ma-financial-and-legal-advisers-metals-mining-sector-h1-2022/
You don't add unless needed- so they will be doing something...
With the Share Price where it is, makes Centamin a very attractive takeover target again !
Brokers are one of the key interefaces between investors and the company. If they are doing their job right (and the company is doing their job right), then they should add value to the share price and volume to the amount of trades per day. To get the volume they need to have many brokers/offices and people who are opinion makers, thought leaders, well respected( by performance on their recomendations). How much do they cost? Depends on the fee structure negotiated. There is generally an upfront or engagement fee, which is a nominal charge to get to know the company, and then some monthly charge based on sales performance, share performance (%SP gain, volatitility, volume)...devil in the detail here, and I dont know what they have negotiated. Be stupid if it was not heavily weighted to SP performance.
The best corporate defense to MandA is a strong share price, and the best outcome for investors is a strong share price. Lets hope the contract is reflected in the SP; then its a great move !
best
the gnome
If I wanted to take a gold mine over I would keep my older dry wait for gold to fall a fair bit further and get it for much less. Unless I was a company like Hoc that had to buy 6 months ago as their gold running out
They raise funds too so what about expansion and taking over and merging with others proactively
Hi Sotolo
When you say gold is going down in price, you imply the value of the USD (or other fiats) is going up. Lets look at the reason for this expectation, epecially when the history of the USD is ... it goes consistently down over time. And in more recent times you have seen rather startling phenomena
1. More Money has been created out of less thin air than every before
2. More debt has been piled on than ever before
3. Interest rates have been the lowest for longer than ever before, creating a bubble bath, but still the interest rates were kept lowest for longest.
4. The trust in the Fed Reserve and Central Bankers is near its lowest: so low in Australia that we have a government review LOL https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/review-reserve-bank
5. Trust in governments is at close to a all time low. We have the Trump bumping along, Biden biding his time: Geoffrey Robertson remarked in his show last night in Oz, that it was good week in UK politics as Boris had not got anyone pregnant in the last week at a staff function, and the Australian past PM had not remembered anymore portfolios he had given himself ministerial powers in (not to mention the extraordinary secrecy surrounding the whole exercise) (the count is 5 at the moment LOL)?
https://www.abc.net.au/news/2022-08-18/scott-morrison-secret-ministerial-roles-lack-trust-extraordinary/101343202
6. Leadership in the police force seems to be grinding down to new lows, with more guns blazing in the USA and shots tot he feet in Oz. The Queensland Deputy Commissioner referred to a friend of his as a "vagina whisperer" during a speech to 100 staff members at a conference in Brisbane in April, now been outed and has resigned.
So be interested in your reasoning.
I am staying the course with gold and a few gold miners. There are a few gold miners that are definitely on my avoid list though, and CEY is not one of them
best
the gnome