Centamin Share Discussion Threads

[return_of_the_apeman] 25/6/2018 10:18

Hoping they will use a small part of the 400+million in the war chest to keep the divi unchanged - this would send out a very strong message

Wishful thinking may be, but buying at these levels should yield %10pa long term anyway

[shieldbug] 25/6/2018 10:08

Completely agree with GaryCook. Centamin issued a profits warning and the share price dropped. Naturally there are questions about the company at the moment. Plus the price of gold is dropping and the price of fuel is rising.

But this is a mine and they do have to dig through rock of variable yields. I would of thought this is all to be expected.

Price of gold (and fuel) will go up and down - provided there is good margin between the all-in costs and the price of gold (which there continues to be) I don't see a problem.

Just needs time to recover.

[ukgeorge] 25/6/2018 09:55

The gold price was down.

[ukgeorge] 25/6/2018 09:55

The gold price was down.

[return_of_the_apeman] 25/6/2018 09:22

Could find no good reason for the fall today so have just added 13000 shrs

Gla

[garycook] 25/6/2018 09:11

LV,Sell your holding then,and stop moaning !

[lodgeview] 25/6/2018 09:09

All I know is at present it's f@#$ing s$%t!

[edjge2] 25/6/2018 09:03

Gold must be getting near its low, CEY a stonking buy soon IMO. Egyptian Gov always takes its time.
HOC, hgm, Poly, CNR, HUM, POG likely to pop up soon IMO along with KAZ and PMO.
My adder out of venom at present.

[garycook] 25/6/2018 08:47

LV,You over reacted with PFC.You just need to forget about CEY atm,and just let them recover in there own time !

[lodgeview] 25/6/2018 08:33

Must admit it is pretty shocking the way CEY share price seems to be on a downward spiral. Losing quite a bit at the moment.

[wallywoo] 25/6/2018 08:24

have you looked at the rest of the market apeman. CEY just trending with it.

Very jumpy lot in CEY! you do realise shares can go down as well as up?

[edjge2] 25/6/2018 08:22

Big gap to close @140p juju?

[return_of_the_apeman] 25/6/2018 08:19

Wtf why is this tanking this morning?

[flopticalcube] 22/6/2018 18:34

CEY formed a weak piercing line bullish reversal today. This is where we gapped down at open and closed more than halfway up from yesterdays fall. It was almost a bullish outside key reversal (also called a bullish engulfing) but we failed to close above yesterdays open so it isn't. Its weak because the opening gap down was small (0.1p). It will be confirmed on Monday if there is a gap open (above 119p) which should also be the low of the day and preferably a solid bullish day closing at or near the high for the day. A close above 121p would be stellar in my book.

Looks like we closed the week with a bit of a bullish hammer (weekly timeframe). Volume was down this week, however, from the previous 4 weeks.

I'll monitor the CEY news on the weekend and post if anything is of interest. Next shipment should be Monday night or Tuesday.

[juju44] 22/6/2018 16:39

Better day - keep hoping

[ukgeorge] 22/6/2018 12:30

I've just had another top up. 116p, looking at the chart 115p area is where the share got support back in december 2016 and is also where the share price consolidated befor breaking out in May 2016. So fingers crossed that this does prove to be the low.

[juju44] 22/6/2018 09:17

Doing better today while other miners continue to struggle - maybe , lets hope

[flopticalcube] 21/6/2018 18:24

Yes, we should hopefully be in that ball park (all caveats applying). Not sure what the market is pricing in for production figures on July 9th but I think anything south of 110K could hurt and anything north of 120K would be helpful.

[astjgroom] 21/6/2018 17:47

I have between 117k and 125k after 89.6%. I don't think it warrants this slaughter.

[astjgroom] 21/6/2018 17:39

Well tomorrow's another day n we may recover somewhat. Gold has recovered in dollars but still down in sterling. July 9th seems an eternity away, still holding but not adding more, a 10p rise over a week or so would make me feel much better, I'm pi55ed off and a little annoyed but I won't crack, I think we will recover, the sooner the better.

[flopticalcube] 21/6/2018 17:33

Took a real kicking today, particularly in the closing auction. Nothing I have seen in the shipment reports (assuming they are accurate and are reflective of the Q2 results) suggest anything other than a modest Q2 slowdown. Certainly over 100K ozs and probably closer to 120K. Given this CEY should at least hit near the top of their estimate for the year and depending on the new crusher and Q3/Q4 grades could even top it by 10-20K.

Of course, there could be trouble brewing elsewhere (just to be clear, I have not seen any talk in Arabic or English about any) or the gold price could continue to fall but at these levels we should be more than able to cover a 5% divi at the minimum.

The weekly RSI is now at levels not seen since the dark days of 2012. Oversold is far too mild a word to use here.

[juju44] 21/6/2018 17:18

I would largely go along with that though CEY is performing worse than the average

[astjgroom] 21/6/2018 17:06

Directors surely wouldn't be buying if there were a greater problem. This is gold weakness, strong dollar and unloved miners

[rovi70] 21/6/2018 15:39

just topped up in cey and ggp.

[lodgeview] 21/6/2018 15:35

CEY will return. Be patient.