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For discussion. Pubs for Marstons show less reliance on total sales as more and more move to home drinking. The key is distribution (not just to the pubs) but to the off licenses and supermarkets and other retailers. However as has already been said by RF if other businesses fail the JV with Carlsberg allows the Management of the PUbs to be concentrated and benefit from the Marstons increased market share. I can see them taking on more staff not less. In fact perhaps the 800 Green King staff if that is what is being said should send their Cv's in to Marstons c/o RF post JV. Marstons pubs business is to be run post JV as a completely separate business to the JV which has already stated its new management structure. The venture will actually benefit the pubs (who will also sell Carlsberg products) and in time more staff will employed as more beers are served.

As reported on here earlier by most the management team continue to invest with new shares - rns just out.

Also Gold and Silver prices moving up again - suspect the USA will need stimuli whether Mr Trump wants it now or not.

Precious metal miners do not only rely on stimuli -perhaps more volatility will return and investors will once again go into the safety of precious metal ETF's and the prices will rise again, or the Fed will need to act with a very limited tool kit? Perhaps negative interest rates are on a temporary basis coming our way? Who knows. The Asian markets overnight are already feeding in here it seems? Erh what was I saying see link :-
https://www.morningstar.co.uk/uk/news/203894/etfs-back-in-favour-after-market-crash.aspx

He has pulled the stimulus idea as I seemed to remember Pelosi saying she would push for stimuli with Mr T in hospital. So lots of political games here with each other. However the Fed might have to act and we are not sure how the Asian markets will react to this overnight. The Gold and Silver prices have fallen in NY but they are still above the June level figs used for half year calculations. The uncertainty and volatility might help precious metal miners in actual fact?

Interesting discussion points for those who like a discussion :-
https://www.marstons.co.uk/docs/reports/2019/on-trade-beer-report-2019.pdf

Pretty sure the Scots who like their pint of heavy -know where the supermarkets are. I wouldn't worry about that too much.
Looks like cask ales were removed from Scotland some time ago (May 2019 pre-pandemic)moving over to keg, but all there beers are freely available in the supermarkets. I didn't realize they had over 5,000 CAMRA members there however who were upset. Maybe they should last year and prior have been buying more beer to have kept it alive than writing letters of complaint? Use it or lose it. .
See link:-
https://www.morningadvertiser.co.uk/Article/2019/05/30/Marston-s-pulls-cask-ale-from-Scotland-pubs

I wouldn't devalue any of the FTSE precious metals miners as Hoc are due shortly to issue an updated production report, and so are CEY after the earth movement has been assessed. Sometime the movement will have no effect and can actually be a good thing releasing Gold from the granite - so to speak. When Centamin released figures showing what was it a 30% increase in profits the Gold price in June was USD1600 oz it is now USD1900 so don't write any of them off just yet? IMHO. Actually Fres look good too as the same will apply to them. We have as you have all said the US elections, stimuli and also lets not forget all the fun and games with that ugly word again Brexit!! Fingers crossed for all 3. CEY.HOC and FRES.

The Uncrossed day sign off was as usual about 4.35pm and it is true there were some very big buys after that. However someone once explained to me that the large hedge funds when they short can delay showing their trades at the end of the day by approx, half an hour after close - so perhaps some were buying back in and closing off their shorts? Only an observation. I suppose we can expect some volatility here tomorrow especially if the price of Gold continues its upward path. I have a feeling once we go positive here there will be a rush to get back in but we will see.

Yes indeed my quote earlier from the Stock market release in June shows the current price to be over 15.58% up - even though production may be temporarily reduced in the area of the earth movement (as explained) the price increase from June in the commodity price will partly offset that lost to be perhaps not as bad as many have previously projected. What we really need is the price to keep going up which many project it will. We need to be just a little bit more patient.

Who needs the AA - the Gold price rise today is our Jump Start!!!

My chart virtually vertical? Time for many to get back in? Or get cut short?

My chart if showing sharp increases in precious metals which will help all the precious metal miners (including CEY) lets be honest. However Hoc and Fres most likely to make the most of the rising prices. I do not see them falling either what with all going on at the moment.

This should see us bounce through back into positivity. Fres doing well to and Cey will surely turn its head based on the reserves in the ground!!

Gold spot now Usd1914.65 and Comex Usd1916.00

From this mornings fall we now appear to be tracking and following the Gold price higher. Also interesting how in June when official results released the Gold price was being recorded at 16570oz now we are over 1900oz indicating to me the fall in share price to be excessive and for those who question this please find the attached quote from June :-
For the six months to the end of June, pretax profit was USD191.1 million, more than tripled from USD59.6 million the year before, on revenue that grew by 56% year-on-year to USD448.8 million from USD288.1 million.
This was due to a robust operational performance, with gold sales rising by 21% to 270,529 ounces, while the average realised gold price increased by 27% to USD1,657 per ounce from USD1,305.
Meanwhile, Centamin's gold production increased by 9% to 256,084 ounces from 234,096 ounces.

Now see this share as a strong buy already what with the Gold and Silver prices turning positive. If we get support from over the Pond we will be moving back up from just over USD1,900 an oz towards USD2,000oz and will rise the profile of Centamin once again to the larger fund managers at this discounted price.

I am into most ftse miners and if one trader sells up on one and goes into another for me the scoreboard does not change. Trust your own instinct is my philosophy and you will never get everyone on your side all of the time. Also no one gets it right all of the time. Most will only tell you when they have won or made money, most never when they have lost money. To make money sometimes one has to take a risk, my feeling is there is no such thing as a safe share. However one only makes a loss on share price when they sell at a lower price than what they bought (divis and other income excluded). I tend not to sell my shares at a loss unless we are approaching the March/April end of tax year and then I usually have to. As Warren B once said get greedy when the market gets fearful, and get fearful when the market gets greedy. Sometimes the opposite is true and he can be right, but even he does not get it right all of the time, No one does.

Thunder you certainly do your home work. I have learn't over the years to spread my risk . i.e. Do not go in far too deep with anyone share. I do very much like the sector of precious metals however especially at the moment. I was very upset when we lost Randgold and Acacia to Barrick and rumours surface about Centamin being considered by them for a takeover as well. We also had a takeover approach last year which might resurface -who knows? Also how do we know that the earth movement was not sabotage? Or a mistake? Or not as bad as first thought? I am sure we will know more very soon. However I always try to cover my self by spreading my risk. i.e. I am in Centamin, Hochschild and Fresnillo to be honest. I therefore lessen to some extent if anyone share suddenly takes a hit. As one or two have already said unfortunately we cannot get it right all of the time, and mother nature can play a part. Essentially none of the Companies I have mentioned will go out of business however as they are all too wealthy and supported behind the scenes by some of the Worlds largest fund managers. Things will very soon level themselves and change for the better again and I am sure we will be rising again with the World as it is. Good luck and your research shows you are working hard at this, sometimes my best results have just come from a gut feeling, or by chance, but certainly most of my shares that have taken a sudden hit do come back. Frustrating at the time I know but patience always pays off for me in the end.

I can see perfectly well why the share price here has fallen and it is over reaction. I regret more short term day traders wish the price to go down for a cheaper re-entry point than those who with experience know the true value of this longer term Companies worth.
We know that Centamin are quoting for additional licences to open new mining ventures (whilst having some others outside of Egypt) which have not yet been utilized. The impact on the numbers is not a 22% loss, and certainly the earth movement in one section of this vast mine might actually help them expand the venture in Egypt with some govt. support for new contract wins.
Does anyone really believe the Gold price is going to fall through the floor at the moment in the World as it is and where a Gold shortage is envisaged in the future? I do not think so. Remember also that this share price will be supported by suitors who in the past 2 or 3 years have shown an interest with either a buy out or a JV with Centamin. All is certainly not lost here and it is a good time for me to consider buying some more shares next week.

Once Mr Trump gets his miracle jab? Perhaps it could all lead to an early release of a vaccine for everyone in the free world?