Centamin Share Discussion Threads

[spacedust] 10/10/2018 22:09

Gold up. And more holding rns to follow. It's going only one way

[kennyp52] 10/10/2018 22:00

1.35 million sold after the bell at 91p following substantial purchases earlier in trading at 93p . Just doesn’t make sense to me . Let’s see what tomorrow brings

[creditcrunchies] 10/10/2018 20:36

seasonally though the gold price dips at the end of each year so a deeper low is possible worth noting

[seven7seven] 10/10/2018 16:53

1.2 million sold in one tranche.

[kennyp52] 10/10/2018 16:14

Price up and down on back of what look small trades ... don't get it . Seems some manipulation going on ??

[charles clore] 10/10/2018 15:06

Where's juju? He will tell us what's in store for the rest of the day.

[spacedust] 10/10/2018 11:35

I am making myself a tea now. Thank goodness f9r the leaves

[casual47] 10/10/2018 10:40

Blackrock is just one company. Have some confidence in your own investment strategy folks rather the trying to read the tea leaves.

[cinquepercento] 10/10/2018 10:34

No,I think that Black Rock is probably a bit of both when conditions are right and there are quick profits to be made.

[charles clore] 10/10/2018 10:22

So what we are saying is Blackrock is basically a trader not an investment organisation then.

[cinquepercento] 10/10/2018 09:51

Yes,that is what we are here for.

The only fly in the ointment is that we need to have deep pockets and buy big when the price drops so that we can gain meaningful amounts of money on modest percentage profits.

We also need to have even more money on hand so that we can chase a sound share down in ever increasing amounts to seriously lower our break even.

If we have that much money,though,what are we doing here?
We should be living it up on the French Riviera or similar places. :-)

[edjge2] 10/10/2018 09:38

blackock why not, money for little risk. Will add again if 90p approached.

[cinquepercento] 10/10/2018 09:00

Spacedust:

Yes, so basically,they are trading it and taking the profits as things are a bit uncertain with this trade war business and possible interest rate rises,etc.

[spacedust] 10/10/2018 08:36

Put it this way....they bought tens of millions at 90p or so before and sold at 108p bagging a 20% profit.

Now they bought back in at 90p again. I think they probably bagged few millions of pounds in profit

[cinquepercento] 10/10/2018 08:30

Wallywoo: re; Blackrock holdings,up and down all the time:

Yes,I have noticed that, but we are only 10 days or so away from the end of the month and the price is low enough for me to take the risk.

Also at the moment,I don't see the gold price going much lower.

I am committed now (or I should be):-) I will have to buy Centamin up on the way down if it does drop again.

[wallywoo] 10/10/2018 08:24

Anybody knows that Blackrock's holding level goes up and down all the time with this stock. Means nothing, less than a month ago they were selling a few (it is the same for many mining stocks Blackrock are involved with, don't ask me why).

I think this will recover, but don't read anything into Blackrock's holding

[cinquepercento] 10/10/2018 08:24

Have you noticed that the brokers have been putting some spread on Lamprell these last few days to try and get it moving?

[cinquepercento] 10/10/2018 08:17

Good morning,Spacedust.
Yes,it looks as if Black Rock have just increased their holdings again.
I bought a few more just now.

[spacedust] 10/10/2018 07:26

And there you go. Another holding rns. Black rock adding relentlessly. Over 100p today

[spacedust] 09/10/2018 17:32

We will get another holding rns

[spacedust] 09/10/2018 15:42

Very exciting times

[charles clore] 09/10/2018 14:53

A very promising investment with lots of upside to look forward to imho. Exciting times.

[edjge2] 09/10/2018 13:48

Been pretty reliable until now. At 89p it can only go one way substantively IMO

[laurence llewelyn binliner] 09/10/2018 13:42

Hugely oversold IMO from 160p down from 120p and then 85p on revised production and grades.., so I started accumulating, and again this morning at 89p..

We know Q3 production numbers are down but this should be now built into the share price at this level, we also know that we are through the low grade ore and into the normal Sulphide ore for Q4, I can see the share price back at c125p by Xmas/Jan as the improved Q4 numbers are released and filter through, then back to 150P for Q1/2-2019..

It was poor form for the management to not know or advise of the poor grades coming when the FY2018 guidance was released in the FY2017 report, but it is what it is and hopefully we are into 3 or 4 years of sustainable numbers and recovery..