Centamin Share Discussion Threads

[shakeypremis] 28/6/2017 10:15

There's a circa 10% dividend yield at these levels. That's huge. With the prospect of further appreciation in the share price. This has to be a good buy at these levels.

[juju44] 27/6/2017 15:31

Back at the 200dma so we dont want another drop

[jimbowen30] 22/6/2017 13:35

Juju - Keith is a smart guy and long term I think he will be right. Even half right will do!

[juju44] 22/6/2017 08:41

I like Neumeyer and he is an excellent CEO . Would like to think he is right about silver

[jimbowen30] 21/6/2017 16:25

Juju - you can't keep a good stock down for long.

O/t on silver...

Keith Neumeyer CEO of First Majestic predicting $130 silver. Worth a listen....

[juju44] 21/6/2017 16:23

Got that bounce off the 200 dma . So far so good

[juju44] 21/6/2017 08:23

Well oversold and hopefully about to bounce off the 200 dma. An ominous H&S also looking at me so lets see what happens

[higgsboson] 19/6/2017 14:30

To quote from the last results:
"Continued positive results from underground exploration drilling at Sukari. An updated resource and reserve estimate is planned during the first half of 2017"

Could this be a catalyst for some share price movement in the next 2 weeks? GLA ...

[jfishy55] 18/6/2017 11:28

Jimbowen, I think that must be what it is rather than EDSP. This is what I've determined:

HGM & Ladbrokes not in FTSE350 so EDSP does not apply.
For the rest, it was the 3rd Friday of the quarter so EDSP does apply, however, EDSP discovery starts at 10:15am, the unusual trade in CEY was the closing auction (57m out of a total volume of 66m for the day). It appears to be similar for the other stocks.
The EDSP auction volume was only 427,042.

So perhaps there are other futures/options that happened to expire on Friday in the closing auction such as the GDXJ ETF you mention. I'm still not sure how these huge trades didn't move the respective prices by much though.

[jimbowen30] 18/6/2017 10:56

FYI it's been estimated the GDXJ ETF needed to buy approximately 75 million CEY shares due to the rebalancing, which had to be done by Friday 16th June

[jfishy55] 18/6/2017 08:14

"EDSP stands for exchange delivery settlement price. It refers to the price at which derivative contracts on exchanges are settled.

The methods of calculating EDSP vary from exchange to exchange, but it usually involves averaging the prices of trades made over a certain period of time. The EDSP of the FTSE 100 is attained by the means of an intraday auction on the last trading day of the month."

Can't see how EDSP has anything to do with it?

[trentendboy] 17/6/2017 17:52

EDSPLook it upNothing to worry about

[plasybryn] 17/6/2017 09:36

Lots of big volume action across market. Look at Ladbrookes, GVC, Lloyds, RBS, HGM ..... Reason?

[juju44] 17/6/2017 08:46

Wow , yeah , one trade of 58 million reported after close . Reported as a buy if you can believe it with such a tight spread.Something going on here

[devpatel] 17/6/2017 07:21

Anyone notice volume traded on Friday was 66,309,875 ..

[juju44] 15/6/2017 17:55

He must be selling more

[weemonkey] 15/6/2017 15:35

Yup that is rather a large sale.

Maybe he wants a yacht

[jfishy55] 15/6/2017 11:57

Well with 10.5m left he will soon run out. Then the run up to dividend announcement.

[juju44] 14/6/2017 17:54

Looks like he sold a load more today

[juju44] 14/6/2017 12:48

Thats why the price dipped over recent days. Someone must want them

[mattboxy] 14/6/2017 12:41

Josefs been at it again over 10 million sold

[juju44] 14/6/2017 12:26

We need to take out this high around 190 and then BINGO