Centamin Share Discussion Threads

[bulltradept] 12/4/2019 12:29

This certainly doesn't look a happy chart. I wonder when the update is? Best it be good... Thank you jfish55.

[volsung] 12/4/2019 11:43

Back to last years low. A rise from here could signal a double bottom

[creditcrunchies] 12/4/2019 11:39

this is where pending orders work a treat they just sit there for months waiting for your target entry level

[borisjohnsonshair] 12/4/2019 11:39

I can't see that effecting gold output

[juju44] 12/4/2019 11:24

If 87 goes (on Close ) then its down . imo

[rrr] 12/4/2019 11:18

The Production Update for last year's Q1 was on 25 May which was a Friday. IF it follows the same pattern that would suggest this year's will be on Friday 24 May.

[keyno] 12/4/2019 11:13

astjgroom: Did they explain why?

Edit: Departure from past announcements.

[plat hunter] 12/4/2019 11:07

You don't stop issuing prelims whilst the news is good, when you have ongoing capex.

If that's true Groomy then that is not a good sign.

[plat hunter] 12/4/2019 10:58

The Official Centamin Corporate Anthem....

[plat hunter] 12/4/2019 10:56

Lol the Shorts are now being blamed.

#DesperateTimes

[borisjohnsonshair] 12/4/2019 10:32

Egypt prob worth £750M-£1.25B, cash and West African on top.

[borisjohnsonshair] 12/4/2019 10:30

I don't trade on technicals but I believe they can be used but very carefully. You have to work with certain ranges either side of fundamentals - is this ain't gunna drop to £500M, unless the market gets wind the Egypt is permanently screwed and the costs can't be controlled or output increased. No reason to think that.

[borisjohnsonshair] 12/4/2019 10:27

I'm not sure. I thought the 14th was mentioned - coming Monday. Dunno, sorry.

[cinquepercento] 12/4/2019 10:26

Boris: Thank you,for your comments,comparing my charts readings to tea leaves reading.

I stand in awe of your immense knowledge and perhaps professional training re: the share market and I can not argue with any of your logic.

However,charts often do have obvious and predictable movements so I tend to ignore most other factors ,and work on the basis of: what goes up,comes down.

Rio Tinto is a good example of this

[stevedaytrader] 12/4/2019 10:24

BorisJohnsonsHair- are the results expected on the 24April as previously thought? C

[borisjohnsonshair] 12/4/2019 10:12

Shorts will close before the Q1 update. They'll have had their fun.

[borisjohnsonshair] 12/4/2019 10:10

MCAPs make no sense as too much trading not representing real trade. It's all hedge funds / derivatives. This creates volatility and extreme variations of MCAP to intrinsic value. That's the opportunity. This shouldn't be sold at under 100p. It could go to 75p but it will bounce back to a realistic value at 150p and then go silly in the over valued direction. 150-250p within 2-3 years. I'll be here. Plats ball may have dropped by then.

[juju44] 12/4/2019 10:09

Good spot . Very similar and could end up the same. I sold 1/3 my holding at 92p . I will sell another 1/3 on an 86p close and then hold the rest in case I am wrong . If it breaks down it could go below 70p and I would look to buy again on comforting news.

[borisjohnsonshair] 12/4/2019 10:06

So you believe a chart is going to be repeated regardless of the fact that'll make the MCAP £500k. That values the operational mines and exploration licenses at £200k. They can make that in two good years. Go back to school ...... pls. That chart is about as believable as the tea leaves.

[cinquepercento] 12/4/2019 10:03

JuJu and Plat and Boris.

So far,this still seems to be repeating the chart/fall of around May 2018,so a continuation of this fall seems very likely.

I am watching this with interest.

[juju44] 12/4/2019 10:01

Kenny , I work only on closing prices If it is below 87p at 4.25pm today I will hit the sell button

[creditcrunchies] 12/4/2019 09:52

they'll be even stevens ready for the next opportunity