Centamin Share Discussion Threads

[bostanli] 11/12/2024 13:32

Anglogold shares have been allocated into II SIPP

[fenners66] 11/12/2024 11:16

Useless amateurs?

[rotrader] 11/12/2024 09:33

First Direct have told me I can't keep Anglogold shares in my ISA or ordinary account and that I either sell them or have them transferred into my name.Everything is good with AJ Bell !!!!!!

[hedge66] 10/12/2024 16:55

II response is they are waiting for " their international custodian" to reconcile matters.Why they are weeks behind AJ no idea.

[hedge66] 10/12/2024 16:52

Sorry in II isa. AJ account has the Anglo shares in it no problem.

[hedge66] 10/12/2024 16:50

My Anglo shares have never appeared in AJ sipp. Awaiting reply.

[rotrader] 10/12/2024 14:15

I've been told I can't keep my new shares in Anglogold in my First Direct (HSBC) ISA or investment account. AJ Bell do.Anyone know why this is

[tnt99] 25/11/2024 10:17

I'm with dog walker think this will fly on centimen mine steal cash in bank And solar plant bringing bottom line production costs lower As long as gold price stays at this level or higher

[arlington chetwynd talbott] 25/11/2024 09:15

Well, good luck with it. I will be moving on to something with less Africa risk at the earliest opportunity.

[dogwalker] 24/11/2024 20:06

Yes agreed, & that's why Anglo is 'cheaper' by various measures. How much weight an investor puts on different risk factors varies, along with relative company valuations.
If being in Africa is such a large risk then we wouldn't have invested here in Centamin, a one mine outfit in a country forming the north-east corner of the continent.(Technically Egypt seems to have its own classification as 'intercontinental' because it straddles...)
Looking at the very large gold companies, only Agnico-Eagle does not have significant operations in Africa. Agnico is, however, quite highly rated already which suggests risks of its own.
Newmont is very big in Ghana.
Barrick, on this Africa basis measure,is much riskier than Newmont though it hasn't prevented them from being second or third largest gold miner on the planet.
And AngloGoldAshanti is 4th or 5th largest.
I agree with you Arlington that NEM is a very good choice.
I happen to prefer Anglo, not least because it now owns Centamin & its expanding revenue.

[arlington chetwynd talbott] 24/11/2024 14:23

But not successfully diversified from Africa. Anything but. So still far riskier.

[tnt99] 23/11/2024 13:05

Should be next week I expect

[rotrader] 23/11/2024 10:08

Anyone know when we get the Anglo shares and cash

[dogwalker] 22/11/2024 21:16

And potentially yet another mouthful in a few months' time for Newmont, Anglogold being 67% in Tier 1 jurisdictions having sucessfully diversified out from S.Africa.
Or perhaps also a target for Barrick. .

[tnt99] 22/11/2024 18:53

A steal plus maybe 250 million in the bank which will come in useful for Ashanti to pay down their debt And increase production with arguably the most modern mine site in the world with solar income which in Egypt is a no brainer Should fly as long as gold price holds at these levelsAnd their other mines fire on all cylinders

[dogwalker] 22/11/2024 15:46

PS AngloGold looking quite perky today - up 3%, celebrating its useful new acquisition maybe.

[dogwalker] 22/11/2024 15:18

Further to that, I do agree that Newmont would be a better bet, like AngloGold, to anything comparable available as a local listing.
The conversation simply started from 60127 where a foreign listing was viewed as a bit of a hassle.

[dogwalker] 22/11/2024 15:03

'You get what you pay for' to a large exyent I think,& Anglgold looks to be cheaper than Newmont is, & looks better technically....though admittedly not that great for either of them just now.
Personally I am massively overweight in Newmont , Newmont having bought out various other miners I have held, starting with Normandy in 2002.

[arlington chetwynd talbott] 22/11/2024 13:49

“My main point I suppose is that Anglogold, being large & developed, & spread about the place, is a better bet than the few comparable alternatives listed in London.”

Yes, but why wouldn’t you almost immediately swap your AngloGold shares for Newmont, which is arguably far more diversified and weighted towards safer jurisdictions?

[sotolo] 22/11/2024 11:39

Is there an Anglo board here that all are moving to?

[legg96] 21/11/2024 15:28

Sotolo,

The purchase cost is what you paid for the cey shares. That acquisition cost is then prorated between the market value of the Anglo shares and the cash you received. Your capital gain is the cash you receive less the prorated original cost related to that sum.

[dogwalker] 21/11/2024 12:58

Sure,of course. Listings elsewhere could nevertheless be safer, though that's referring to a remote if current risk.
My main point I suppose is that Anglogold , being large & developed , & spread about the place, is a better bet than the few comparable alternatives listed in London.

[rose_by_another_name] 21/11/2024 12:16

The actual mines are elsewhere, just the listings here.

[dogwalker] 21/11/2024 11:42

All the money's been made lately elsewhere than London. Plus how many 'any good' miners list here? What's our choice? Especially if we get ourselves bombed. So, I'm morphing to Anglo-Centamin.

[rose_by_another_name] 21/11/2024 10:56

Just a hassle to have it not listed in London.