Centamin Share Discussion Threads

[laurence llewelyn binliner] 30/10/2018 21:04

I often think of how/what/when this will start and what it will look like when it happens.., there can be no Greek/Cypriot style Troika bailout to perpetuate this farcical cycle..., and when Italy goes pop all on its own it will take down half the worlds banks with it..., as their debt pile is so big..., the interconnectivity of global banking has inevitable contagion consequences... Fascinating stuff, Gold will have its day, as FIAT currency collapses ... :o)..But when...

[eeza] 30/10/2018 20:03

It will (have to) be co-ordinated between all the major CB's. There already have been rumours of such meetings taking place.
If USA defaulted it would take down the other CB's.

An agreement will be reached so that they can all reset their debts. Then they can all start borrowing again.

Only the muppets will be crushed.

[fangorn2] 30/10/2018 19:44

No Government wants to or will take ownership of the debts and take seriously the austerity and hardship needed for decades to cover them from their tax receipts, or they will just get voted out every 4 years, and the cycle continues...

Until 1 day...?..!

Bingo!

And there is no first mover advantage either as most are going to default!
No need to have actual austerity in an attempt to pay it off therefore.

[laurence llewelyn binliner] 30/10/2018 17:34

#eeza, interesting that... each countries debt goes up every year as borrowing is needed to plug the gap from tax receipts and interest repayments, the central banks just print money to cover the interest.., but sooner or later this has to go pop, the Trillions in debts seem to be meaningless now, and it can't continue ad infinitum.. FIAT currencies are becoming worth less, eroded by inflation and undermined by QE as they head towards the value of toilet paper value..

No Government wants to or will take ownership of the debts and take seriously the austerity and hardship needed for decades to cover them from their tax receipts, or they will just get voted out every 4 years, and the cycle continues...

Until 1 day...?..!

[eeza] 30/10/2018 17:24

Global debt will have to be reset. The sums are too large to pay back.
e.g USA = $22trill - and that is only the Gov on-balance sheet debt, and excludes unfunded & private debt.

[fangorn2] 30/10/2018 17:12

@Cinque,


I wonder if it is related to this American/ China trade war which has potentially serious consequences for the whole world.

More related to the massive debt bubble about to burst I suspect.
WE are living a wealth illusion, propped up by cheap debt.

Global stock markets lost $8 trillion so far this year apparently..And we've had but a sneeze!

A major rest is coming i fear.

[ukgeorge] 30/10/2018 16:49

Yep was thinking that earlier, £1 failing does not bode well. It is really hard work to hold faith in Au

[juju44] 30/10/2018 16:24

very unloved here . Chart is horrible with the downtrend since May intact

[fangorn2] 30/10/2018 12:31

Greyerz: China Just Took Delivery Of A Massive Amount Of Gold From London & New York



And when the paper market breaks, and China dominates the gold market, it’s going to be very interesting because I really look forward to the West failing in their manipulation of the gold price through the various paper markets and through the interbank market."

We again see that Switzerland is buying the 400 ounce bars from the UK and US bullion banks and converting them into 1 kilo bars and then shipping them on to Asia. Last month there was hardly any buying from the mines. It all came out of London and New York.

[casual47] 30/10/2018 09:34

Matt, we should see that week of the 12th

[mattboxy] 30/10/2018 09:04

When do we expect the October EMRA payment to be published?

[eeza] 29/10/2018 16:55

The usual sledgehammer to the golden nut,

[kennyp52] 26/10/2018 16:59

All good news by the looks of it . share price must surely react . Let’s hope so .

[astjgroom] 26/10/2018 16:15

We need gold to really move.

[ukgeorge] 26/10/2018 16:08

CEY is due a big catch up :)

[umitw] 26/10/2018 16:05

Unfortunately CEY isn't doing very much going backwards

[ukgeorge] 26/10/2018 16:01

Gold breaking out woop woop

[spacedust] 26/10/2018 15:05

Excellent news and provides stability and reassurance. Sadly didn't follow through to SP

[davius] 26/10/2018 14:14

Capital Drilling lands contract renewal for Centamin’s Sukari mine - 25 Oct 2018

Capital Drilling Ltd (LON:CAPD) told investors it has landed an important new contract extension, keeping its rigs active at Centamin’s Sukari gold mine, in Egypt, until at least 2023.

It presently has a fleet of 14 rigs at Sukari where it provides blast hole and grade control drilling services for Centamin’s open pit operation. Capital drilling has been active at the mine since 2005.

"Capital Drilling has been working with Centamin for fourteen years and we are delighted to continue this relationship as the demand for our services continues,” said Jamie Boyton, Capital Drilling chairman.

House broker finncap analyst David Buxton described the Centamin extension and Wednesday’s new business win as ‘significant news’.

“The contract extension with Centamin underwrites continuity of a substantial proportion of group revenues over a 5-year period, while the new contract with Sama is the first in Cote d’Ivoire and highlights the potential of West Africa since the company strategically repositioned one-third of its rigs in this growth region,” Buxton said.

[spacedust] 26/10/2018 11:09

Graham please stop this. Tly is an aim share. I've been right so far on the share price movements

[charles clore] 26/10/2018 09:19

It will catch up have no fear.

[kennyp52] 26/10/2018 09:06

Gold over $1235 so Centamin goes the other way . No sense to this share

[umitw] 26/10/2018 08:43

Gold is up CEY is down!