Centamin Share Discussion Threads

[tombillion1] 21/6/2018 14:55

I've only recently bought 800 shares in this @1.27 .Sticking though........

[juju44] 21/6/2018 14:41

For the first time in a long time doubts are creeping in here . CEY is falling more than its peers

[shieldbug] 21/6/2018 14:28

So confidence in miners is not strong at the moment.

The real question is does the grade of the ore beneath the transitional zone meet expectations. After all that is where the main price drop came from.

I would assume that it will have been thoroughly drilled and assessed and will meet expectations. Nothing is guaranteed.

[juju44] 21/6/2018 12:39

yep , looking very sick now but all the PM miners are getting rogered .

[tsmith2] 21/6/2018 08:35

feels like another significant leg down to around £1..that would be capitulation, but we'd need significnT volume.

[juju44] 21/6/2018 07:41

Capitulation once again

[ukgeorge] 21/6/2018 06:28

Sadly gold now seems to have a summer lie and a Christmas low each year with little rise inbetween....

[flopticalcube] 20/6/2018 16:49

My cracked and foggy crystal ball says summer low is sometime next week. As long as US markets are well supported, gold will struggle. I see a lot of public jawboning from market bigwigs about optimism and poo-pooing the significance of the trade wars. If they are right, it will be the first time a global trade war was resolved either peacefully or without a market crash. I'm not big on "it's different this time".

EDIT: 2:40EST

Gold now down $6 on the day at $1268. RSI getting oversold again so may see another small bounce back to low 70's tomorrow or Friday. Looking for a floor around $1240-$1250 next week. Miners breaking down again.

[juju44] 20/6/2018 15:25

It sure is struggling to make any sustained recovery. I think we need some confidence that the downtrend in gold is over

[flopticalcube] 20/6/2018 15:23

UKGeorge,

That was a quarterly rebalancing trade for the index funds that hold CEY. Happens every quarter. It usually doesn't mean anything to the future direction of CEY.

[juju44] 20/6/2018 09:35

I have also added some more this morning . Gold hopefully has had its whack

[trentendboy] 20/6/2018 09:31

Could resit no longer.

Taken a largish chunk

Seems way oversold at these levels and the Egypt news is very good news actually as it derisks the project even further IMO

Certainly enough for a 20% gain short term

[ifthecapfits] 20/6/2018 09:29

Miners going up PMs going down. I expect PMs to move up shortly - miners often lead any rise (and fall!)

[paul280i] 20/6/2018 09:16

You could be arrested!

[juju44] 20/6/2018 09:13

Feels like a bottom . Saw that big trade , surprised no RNS

[ukgeorge] 20/6/2018 09:11

What was the 30m trade a couple of days ago ? Anyone know?

[1corrado] 20/6/2018 06:55

125p by Friday is still on the card for me with a start of a lovely bleu day from the start to the finish.Happy days.

[flopticalcube] 19/6/2018 19:05

No improvements in the mining sector of Egypt will happen unless they get rid of the profit sharing system currently in place. No miners, not even CEY, like the arrangement and would rather move to a tax/royalty system.

[return_of_the_apeman] 19/6/2018 17:31

The government said earlier that it aims to increase the mining sector's contribution to the GDP to more than 5 percent. It currently contributes around 0.5 percent of the GDP. 

Minister of Petroleum & Mineral Resources Tarek el Molla said that the government is working to identify the challenges facing the sector and that his ministry aims to boost investments by amending the sector's administrative and legislative systems.

[davius] 19/6/2018 14:35

egypttoday.com/Article/3/52365/Sukari-mine%E2%80%99s-production-of-gold-reaches-107-7-tons-Centamin

Add the w's...

[shieldbug] 19/6/2018 08:52

Davius

The didactic tone is a give away. I think these are automated reports created to meet somebodies agenda and very annoying.

[dmitribollokov] 19/6/2018 08:13

Utter nonsense, nobody looks at F-Score or M-Score.

[tsmith2] 19/6/2018 08:06

do we get an escalation down to £1

[1corrado] 19/6/2018 07:13

A bleu day to day.

[fenners66] 19/6/2018 00:25

Davius - a whole load of numbers quoted with little or no interpretation and no forecast - therefore I found it useless.