Centamin Share Discussion Threads

[davidtil] 18/10/2016 09:57

Easy money, just filled up my fridge with Singha !

[sawadee3] 18/10/2016 08:06

There you go...buyers being rewarded :-)

Easy game :-)

Happy days chaps :-)

[sawadee3] 17/10/2016 10:10

Now in the sweet zone for buyers, might get a penny or two less :-)

Easy game :-)

Happy days chaps :-)

[edjge2] 14/10/2016 18:07

hxxps://masterinvestor.co.uk/equities/gold-miner-centamin-volatility/

they can't either

[sg31] 14/10/2016 17:45

Azalea, I agree with you. There are lots of others who get away with it though.
There are some charlatans on these boards but there are also a lot of others who are Walter Mitty types or just great keyboard warriors.

The main thing is to be very distrustful of everyone unless they have proved their integrity over time.
Chipperfrd, is one who springs to mind in this category, there are others. Few and far between unfortunately.

[dmitribollokov] 14/10/2016 17:06

Etf outflows most prob

[azalea] 14/10/2016 17:05

sg31 reference you post 17092

I wouldn' want to be in Navinder Singh Sarao's shoes, who has lost his challenge against extradition to the USA to stand trial for making $40m, by manipulating global markets from his London West End bedroom.

[edjge2] 14/10/2016 16:41

Can't see why this bashed.

[sawadee3] 13/10/2016 13:06

Up we jolly well go chaps :-)

[chipperfrd] 12/10/2016 11:12

It is worth noting that £gold is just 14% below the £gold peak of 2011.

It is some 500% greater than the 2002 low in £gold.

According to ShareScope the average trend has been +13.49% per annum over those 14 years - so not too bad at all :-)

In silver the trend is running at +13.2% pa.

Chip

[chipperfrd] 12/10/2016 10:59

Obviously, most players in the equity market are short-term, so the recent drop in $gold has impacted stocks like CEY and, in my opinion, offered an opportunity.

But Q3 financials were unaffected by the October fall as they were already booked.

So far Q4 average realised $gold price will have impacted CEY revenue to the downside. But the quarter is young and in any case the drop in $gold has been more than compensated by the drop in Sterling.

CEY, like all good gold producers on the LSE, is acting as a great hedge against Sterling weakness.
Chip

[sawadee3] 12/10/2016 10:52

All eyes on the 140-44 sweet zone chaps :-)

[chipperfrd] 12/10/2016 10:50

H,

It is the USD/EGP that matter in relation to local costs.

In March the rate was 7.8 EGP to the USD, it's now 8.88, which infers a c. 12% reduction in local costs over the last 7 months.

In terms of the USD to GBP translation of earnings (which 'should' impact the share price on the LSE) the impact as been quite significant over 2016 so far.

Average to June was c. GBP0.7 to USD1, it is now 0.8156, a c. 15% decline against the USD.

In terms of Gold in USD (in which CEY revenue is defined) there has been an approximate gain of 8% for Q3 over Q2.

If you put it all together, cumulatively these are all positive for the CEY share price.
Chip

[hectorp] 12/10/2016 10:34

chip is correct about the Chinese market and PM's have since stabilised ( I'd expect them to be a bit higher this time next week)
Looking at the falling pound's effect on PM miners which report in London - the pound is down 6 to 8% v the Egyptian pound recently, I expect this translates into slightly higher costs for CEY in local currency, however when they report the next set of figs, the sterling income from gold sales should be at least 6% higher. Possibly more? after all, HOC FRES etc, selling gold and silver in dollars, they report in sterling, which is down at least 15% so surely, profits reported in sterling will be enhanced by 15% ( unless there are currency hedges in place) .
H

[king kong dong] 12/10/2016 07:24

Gold up!!! C'mon!!!

[weemonkey] 10/10/2016 16:16

dividend growth looks assured at next full year.

[astjgroom] 10/10/2016 10:16

Thanks chip ;-)

[chipperfrd] 10/10/2016 10:13

astjgroom

The Shanghai physical exchange (SGE) re-opened at 2 am after a one week holiday (Golden Week) in China).

Since the SGE came online in April it has acted as a counterweight to the London & NY paper markets through arbitrage - the average premium being relatively stable at US$4.5 to US$5/oz.

Whilst the SGE was closed last week the COMEX was able to drive the PMs lower. We shall have to see how the PM prices move once the COMEX opens this afternoon but I rather suspect that prices will become relatively smooth again now that the SGE is back in operation.
Chip

[sawadee3] 10/10/2016 08:08

Buyers certainly called it correctly :-)

Happy start to the week chaps :-)

[astjgroom] 10/10/2016 07:41

What has pushed up gold? Was it trump debate? Gawd I hate myself for liking golds gone up because of trump, hope it was something else

[azalea] 09/10/2016 08:57

sg31
. You could well be right, but this character is a proven liar.

[dmitribollokov] 08/10/2016 20:54

Reckon we've turned for the assault at 250p here, thought we would sell off more first, but payrolls underwhelming and the chinese get back on sunday night...

[sawadee3] 08/10/2016 18:56

Everybody (and their Grandma) seems to believe an interest rate rise is bad for Gold.

That, in itself, is a good enough reason for me to expect the exact opposite :-)

Gold will always be part of my SIPP :-)

[sg31] 08/10/2016 11:54

the more I suspect the veracity of any share trades you claim to have made.

This is ADVFN, personally there aren't many posters I would trust to tell the truth on their share dealings.