Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Topped up, too cheap at this price
you need your own board ...for your ego and fantasy share dealing game you clown..
Wow - see those RE: Oh NoelShempsky................ posts.
Fame at last !
"Tornadotony, the problem of Noel was not that he was rightish its the response of what appears to be gloating that annoyed me." - not gloating, just defending myself against unjust and false accusations.
Did you see how Stacegibbs tried to put words in my mouth - he told me what my words "Meant" ! He couldn't attack me on what I said, because I was right, so he attacks me on the basis of something I never said.
ProphpetWarning - you must approve of his scurrilous action. What does that say about you.
11p then buy back in, was weird trading at 13p ish, has a feeling something wasn't right then, shorters ???
Same old story buy the rumour mine was soon to open sell on news
Its up from @9p to 13p imagine it tempted a few .
I was right - 13p didn't hold, but I admit that I didn't see 12p not holding.
I admit it when I go wrong. As I said in my spat with Stacegibbs - what you get from me is truth and honesty.
All we get from Stacegibbs is bluff, denial and false accusations.
He attacked me because I said 13p wouldn't hold. He can't stand hearing an opinion that a drop might happen. How does the actuality of a drop affect him? who can he attack for the actual drop?
HarChris - shut up and use the filter.
HarChris - any views on that post from bankrupty Tue 21:32? I thank you for providing me with the words to use - "his long posts are tedious and so very painfully self-involved".
"Very few vote this chap up actually, his long posts are tedious and so very painfully self-involved and are making this bb totally unreadable." so HarChris, do you think the posts from Stacegibbs are interesting and worthwhile? If not, then why haven't you had a go at him? If you don't want to read my posts, then use the filter, that's what it's there for and shut up you opinionated moron.
Stacegibbs attacked me for being right about 13p won't hold. Say something to him.
Tracking gold prices (falling)
Thank you Tornadotony.
Those who attack me and call me arrogant are in denial of the movements in the sp. They just hate to hear that it is going to fall, all they want to hear is "Big rise soon" no matter how unrealistic that is.
And I'm not arrogant, I've never claimed to get it right every time. Just the other day I told of how I had sold then bought back in at a lower price. Yes, I made a bit of money, but I bought back too soon. If I had waited I could have made a lot more.
Get buying then - don't look a gift-horse in the mouth as they say.
SP action makes no sense, new mine now operational therefore more $ gold @2k and we are down 10% in the last 5 days…
Might be a time for a top up me thinks !
Didn't Mr. J. Leslie sell several million SHG shares 6 months ago (more or less to the day) around the same price as today......and that was the bid? interest opportune spike?
IMO Here is a well written piece by Simon....just to balance out opinion on gold price......Isn't US$ weakness normally a tailwind to the $US...admittedly a headbreeze to £GBP at times therefore. The number of ounces under your control is all that matters....but at £1,600 per troy ounce and the 5,000 year high....it's best to be in and not out...whatever way you own it! I accept medium term volatility......but it's really not that volatile? compare v oil as per example??
https://www.zerohedge.com/news/2023-04-25/hard-data-confidence-dollar-cracking
Hi Angelis
There is a big difference in paper gold and physical gold. Paper gold trades on the futures markets are traded at high leverage levels. They are responsible for very large moves in the gold prices that happen in seconds and minutes on the futures market. They rarely if ever take physical deliveries. A lot of antics in the past are played out in the paper gold markets and we see a lot of activity when the FED does whatever. Physical gold has quite high premiums attached to it. If you buy physical gold you would appreciate the point I am making and of course you would be either taking a delivery or storing it in the vault of the organisation that you bought from.
Like it or not the jewellery market is a significant element of the entire physical market and bear in mind that miners rely in their physical supply. Central bank buying and investment coin and bar buyers are a lessor percentage although they create outsize moves that move up the gold prices on physical deliveries. The peaks of gold physical demand buying happen when jewellery makers buy up stock within the India market and when China has physical buyers before the Chinese New Year. If you look over the years we get peaks in physical buying January-March and we often see it again late summer to early October. Most frequently the lower purchasing months are May/June and November/ December. It does not happen every year. Physical buying by central banks is only visible later on and may arise in the quieter months and so it is not a perfect annual fit.
The point about my messaging is that we were losing a useful tailwind on the physical buying side. In addition, if a recession finally arrives with negative data in USA, then gold quite often gets sold off at the start both on paper and physical deliveries. The first indication of emergence from a recession is a strong move up in gold prices both in physical deliveries to replace what was sold at the start and paper based contracts. Another source of physical selling in a recession are those having to do so to cover other needs and some of those will want to re-acquire gold as well at better times.
I hope this helps put things into context.
PhatStyle. Thanks for that. Where is that paragraph from? It has always puzzled me that Shanta has escaped the 16% free carry particularly on Singida. It would not surprise me if the back VAT claim features in the discussions if we are to be diluted by a Govt grab.
Tony, so what will the share price be on the 26th May 2023, Mr know it all? Seasonal gold, lol. Are you saying the demand for Gold will lesson due to seasonality?
Ontarget it’s difficult to pinpoint either way. Perhaps it is sell-on-news mentality that has dragged us lower, hopefully people can see the opportunity in front of them and take advantage of these prices before the price quickly reverses north again.
As you mention gold is trading up, we have preliminary Singida production figures and the company are no long spending millions each month on Singida infrastructure. I wonder what daily cash generation is now and what the likely cash build is each day now that we have gone from around 175 ounces daily production to near 280 ounces. Will investors only act once they see written evidence of the debt melting away?
In September 2022, the Government of Tanzania revoked the 2020 Mining (State Participation) Regulations and reissued new regulations governing Section 10 of the Mining Act that had been amended in 2017. In April 2023, the Government of Tanzania signed agreements worth approximately US$650 m with various international mining companies to enable foreign investment. As disclosed by the Company in October 2022, discussions between the Ministry of Minerals and Shanta are expected to take place in 2023 and commence shortly.
Tornadotony, the problem of Noel was not that he was rightish its the response of what appears to be gloating that annoyed me.
Noel was correct for the intermediate term for those who want to trade Shanta. The fall back is partly seasonal in gold, it has also to do with a bet on those who anticipate dollar rising and gold pulling back along with sentiment indicators.
A range of other investors are correct for the long term say at 12 months with material growth in production, external acquisition interests growing and the chance of a new high developing in gold in early 2024. Eric has implied himself seeing Shanta value be much higher after he leaves six months from now.
So lets have some good will here on all sides and respect the fact that we are all managing our own money and the risks that go with it. That is a quality we all share and can take an element of pride in.
Tony
Very few vote this chap up actually, his long posts are tedious and so very painfully self-involved and are making this bb totally unreadable.
MY post was about how gold has done way better than most everything else Noel........you still got it 100% wrong but you do not admit that......that is insane!
As a reminder You say........ "My post from 3rd April, 2023 - "I have a reputation on these boards for honesty and integrity and that is because I back up things I say with evidence."
Really?
And yet I gave you the evidence that what you said was 100% wrong and you honestly and integritily have ignored that....I think you certainly have knowledge but how you apply it??? You behave like a twit really!
you said ......"It was in either 2002 or 2003 when I first started buying gold stocks, so just over twenty years ago. BTW, gold wasn't at £200, but perhaps you meant dollars......."
By the way Noel a $US is still worth less than a £GBP...for the time being ...lol so you really are junior on that reply...lol
Then you go on to say:-
"I've been in the gold arena for over twenty years, so don't try to educate me, I've heard it all before - many times.!"
so I'll repeat it then ........NoelShempsky,
You are a junior and in need of re-education!
20 years ago today one troy ounce of gold was worth one troy ounce of gold. In £GBP it was priced at £202.88. ($US 349.97).
I can understand why you wish to be selective on which posts you reply to....junior!
What bit of the following "fact" is in my head only Noel??
My car x 8 would cost me £272k today but I can get a similar model for £60k instead so my $34k invested in gold and sold today would buy me four cars instead of one and some chump change to attach a speedboat to one of them!
My 10g bars were costing me £52 .....today more like £550...Go figure?
My Shanta Gold shares are down some 65% in 16 years....
I noted that you speak through your rectum...but I have kept quiet 'til now.....but now that you've confirmed it, it's not my fault!
And some people vote you up....go figure! lol.
Best to remember that one ounce of gold is worth one ounce of gold......but at a 5,000yr. high against fiat derivatives.
If you fail to address these above points your narrative is worthless!
Perhaps best to jog on! lol....I've always wanted to say that...lol
"May have to filter Noel " - has he done it or is this another example of him being all bluff?