Centamin Share Discussion Threads

[casual47] 11/10/2018 17:58

Last time the gold price was 1220$/oz the CEY shareprice was bouncing between 115 and 120.

That was before the second profit warning. So if gold holds steady (or goes up) then tomorrow/next week should tell us whether the powers that be have forgiven Centamin and are looking to the future or whether they are still a little resentful...

[astjgroom] 11/10/2018 16:40

Good day, golds a highlight. The US is currently off 300, if it gets trashed again today, Friday may be interesting too.

[spacedust] 11/10/2018 16:10

Gold 1218. What a difference 48hrs makes. 102p finish

[leonidas] 11/10/2018 14:22

IG future showing 180 down at the open.

[juju44] 11/10/2018 14:17

Its waiting for US to tell it whether to go up or down

[leonidas] 11/10/2018 14:11

100p is knocking at the door...............

[qs99] 11/10/2018 12:01

have bought some more.....likewise have bought SHG as a riskier play ahead of a trading update boards are saying is next week...DYOR but this mornings RNS was pretty good iMO and it is not far off being valued at 1 X EBITDA IMO....but as I said, riskier geo play and DYOR!

[davius] 11/10/2018 11:59

This bounce is on the gold lift, bear in mind we've just had effectively a second profits warning. Long term a solid buy in my view, but if gold drops back to $1180 this is likely to go down too.


Still, nice to be recovering most of last week's losses...

[casual47] 11/10/2018 11:38

A firm, definitive breakout away from the sma(50) would be a good sign we are on our way beyond 120p. If the q3 news had been better it probably would have happened.

[charles clore] 11/10/2018 11:37

space - do you mean a ramper? Please go ahead and ramp!

[spacedust] 11/10/2018 11:27

Well done Leo and others who bought in 90p or so. Would I be classed as a tamper if I said that the graph now looks like it could rise very sharply towards 140p!!!!

[leonidas] 11/10/2018 11:18

I will be one of them having bought at below 90p

[spacedust] 11/10/2018 11:07

Gold climbing too. Can't wait for 2019!!!

[cinquepercento] 11/10/2018 11:06

Yes,Centamin is looking good for now.

I wonder if there will be profit taking at around 108 -110 again.

[leonidas] 11/10/2018 10:38

100p by tomorrow close for sure if not even 97 to 98 by the close to day if that then 105 by tomorrow.

[astjgroom] 11/10/2018 10:19

Down 311 now. We could reach £1 today. Maybe.

[charles clore] 11/10/2018 10:13

Better than last night's 1000

[astjgroom] 11/10/2018 10:11

Dow pre market off 277 points...

[charles clore] 11/10/2018 09:54

Agree, precious metals is likely the place to be. Minimally influenced by derivative corrective selling. Optimum correlation with reality, value enhanced by commodity shortage, a nice dividend and Phillis likes them.

[wallywoo] 11/10/2018 09:44

To me now this is the perfect investment in uncertain times:

1) On all investment indicators it is cheap
2) It's core product is gold and that is safe
3) They have no debt and $300M of cash
4) Production likely to be high now in High grade ore for the rest of 2018 to 2020
4) Lots of blue sky expansion in Africa with news to come
5) Nice divi, though likely to be cut will still IMO be bigger than 6% at this share price for the next 10 months (ie next fy and half yr)

Will hold for a while now

[spacedust] 11/10/2018 09:16

As we get older to Nov the share price will gradually go up. Next couple of weeks will see this back to 109p. I remember holding glen at 60p then to sell at 79p.

Gold solid hold in Cey ignoring the pull back here and there is the way.

[casual47] 10/10/2018 23:21

bloomberg.com
Trump Says Fed ‘Has Gone Crazy’ Following Stock Market Selloff
By Justin Sink and Shannon Pettypiece
4-5 minutes



President says he expected Wednesday’s market ‘correction’

Has frequently celebrated stock market highs while in office

President Donald Trump again criticized the Federal Reserve for raising interest rates, calling it a “mistake” hours after the worst U.S. stock market sell-off since February.

“The Fed has gone crazy,” he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. “So you can say that well that’s a lot of safety actually, and it is a lot of safety, and it gives you a lot of margins, but I think the Fed has gone crazy.”

White House Press Secretary Sarah Sanders said in a statement following the close of markets that the U.S. economy is “incredibly strong” despite the selloff, which analysts attributed in part to trade tensions with China.

“It’s a correction that we’ve been waiting for for a long time,” Trump said. He frequently celebrates publicly when the stock market reaches new highs, pointing to the gains as affirmation for his economic policies.

Trump was briefed on the market turmoil earlier in the day, a White House official said. He has repeatedly criticized the central bank for raising interest rates this year, decisions aimed at preventing the economy from overheating.

“The fundamentals and future of the U.S. economy remain incredibly strong,” Sanders said in a statement. “President Trump’s economic policies are the reasons for these historic successes and they have created a solid base for continued growth.”

U.S. stocks tumbled Wednesday the most since February as fresh concern about the impact of the trade war with China roiled technology and industrial shares. The broad selloff took the S&P 500 to the lowest in three months, the Dow Jones Industrial Average plunged as much as 836 points and the Nasdaq 100 Index tumbled more than 4 percent for its worst day in seven years.

The sell-off came a day after the International Monetary Fund said the world economy is plateauing and cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets.

Trump has slapped tariffs on $250 billion in Chinese goods this year, and Beijing has retaliated with levies $110 billion of American products. The IMF projections don’t take into account Trump’s threat to expand the tariffs to effectively all of the more than $500 billion in goods the U.S. bought from China last year.

During an event earlier Wednesday amid the selloff, Trump and his top economic adviser, Larry Kudlow, said they believed the U.S. economy was strong. “It is doing well,” Trump said.

[casual47] 10/10/2018 22:14

$HUI finished up 2.22 points.

[casual47] 10/10/2018 22:12

1.35m was UT