Centamin Share Discussion Threads

[kennyp52] 10/12/2018 09:41

Congrats Ken T ... that’s more important than shares mate . Yep still waiting .. might drip feed in . Still think a lot of uncertainty around CEY for some more ups and downs so will sir on fence . ITV looking cheap . LLOYDS.. I’m still in aswell 😳

[kennyp52] 10/12/2018 08:50

$1246. Production met 120 ; under goes back to 92 ? So much uncertainty .

[cinquepercento] 10/12/2018 08:39

Spacedust: Re:what the gangsters want:

$1,253 this morning so far.

I am in complete agreement with you.

Keep it simple.

"Buy low,sell high,take the profit."

[spacedust] 09/12/2018 23:01

It all depends on what the gangsters want. Whatever they want they will get it. I just follow them....

Worked well with both Cey upgrade to 125p.

And fres downgrade to 720p

[kennyp52] 09/12/2018 18:37

Ken T ... we see eye to eye on the shooting front . I don’t really look to shoot pheasant before November . Our shoot has plenty of duck up until then and you can always look to partridge elsewhere for a day IMO . Pillow casing gets you kicked off our shoot but fortunately we have a great team of like minded guns who rarely misbehave - we have all become firm friends which makes the syndicate a pleasure . We got the Purdey Award for up and coming shoot ( small syndicate level ) 3 years ago and do a lot of conservation work to advance the local wildlife which is seeing a return of many species of birds , good hare population ; etc. So when I semi retire there is plenty to do ! To retire though I need these shares to start rising ... just not before I get back in on Monday . CEY is still quite fragile . I don’t know if this is down to shorts , manipulation or more probably the uncertainty around production . All this gold talk of $1532 is interesting but how can a commodity suddenly go up by such a substantial value overnight ? Sounds like a big boy fiddle to me .

[casual47] 09/12/2018 18:32

Rebess, I don't think I know enough to make any judgements about it. It all does sound very familiar to the last time there was a story pushed about Basel on all the usual goldbug sites (Google Basel III).

What do I believe (and it is pretty much a sort of belief as gold price prediction is a fool's game) is that gold will go higher, that's why my portfolio is hugely into gold miners.

[rebess4] 09/12/2018 18:14

Thanks casual - I'm happy to be corrected on that. - I must have misinterpreted what Maguire said. - What about his statement re gold/tier1/April 1st/physical-gold only, etc. and what that potentially means. - Do you have a problem with this?
Because of it's potential importance, all comments/interpretations are most welcome.

[casual47] 09/12/2018 16:42

"The LBMA have calculated a reset to $1532 per oz as a consequence."

I'm not sure that's the case. The LBMA figure is basically an average of the gold price range predictions for 2019 from thirty odd analysts who they surveyed. Unless we see the detailed report into the reasoning of each of these analysts I don't think we can say this was off the back of Basel. E.g. the fact that we are, arguably, very late in the cycle may carry much more weight in their analysis.

[rebess4] 09/12/2018 16:24

Andrew Maguire is not so much passing an opinion but flagging an event that is already built into the 2019 calendar. - He expresses surprise that it's not being publicised more than it is. - From April 1st 2019 gold is being classified as a tier 1 cash equivalent asset, it's being brought back into the fold as it were. Further, it applies only to verifiable physical vaulted gold held on account, paper contracted gold does not qualify. The LBMA have calculated a reset to $1532 per oz as a consequence.

Sorry for the re-run but I just wanted to add clarity. Once it becomes clear there's likely to be a reaction. Central banks and bullion-banks are already reacting through their increased demand/purchases. - The rest of us are lagging behind. - I think that might change.

[laurence llewelyn binliner] 09/12/2018 14:11

The case for stronger Gold prices is pretty compelling as FIAT toilet paper is worth less and less diluted through inflation + QE to infinity.., the Central Banks are hoovering Gold up supply quicker and quicker, with China/Russia being the larger buyers.

The supply and demand at some point will drive prices up, and add to this the fact that unless POG prices rise for the longer term there just won't be enough mined/smelted/minted to satisfy demand as so many mines are unprofitable at around this level..

I know the point has been argued for years, but we have never had 10 years of QE before, and world debt has never been 300%+ of global GDP..

The whole financial system is broken, looking down on planet earth from the outside, any financially aware viewer would have to say WTF are these clowns doing, this money printing charade can not continue forever without imploding, and having a complete reset/write off of debt, and going back to some thing that has value you can trade with.. :o) with Interest rates already at Zero 10 years on from the last recession there are no more magic bullets left to stimulate growth through lending rates, only more FIAT diluting QE.., the next crash is round the corner.., or has it already started..?

POG 1250/Oz going into Monday..!

[ken tennis] 09/12/2018 11:13

Interesting read with regard to ASIC of South African Gold mines

South African Gold Industry Enters Final Phase of Slow Death
By Felix Njini
December 9, 2018, 4:00 AM EST
Most of nation’s gold mines are unprofitable: Minerals Council
Sibanye, Gold Fields face strikes over wages and job cuts

[gotnorolex] 09/12/2018 10:53

Maguire is nothing but a rolling eye emoji!

[juju44] 09/12/2018 10:46

Maguire giving same forecasts monthly for years . Never ever right but of course he will be someday

[ken tennis] 09/12/2018 10:38

Rebess4
I’ve just checked in to read the board and thanks for the link.
Will listen to it later today
ATB Ken

[rebess4] 09/12/2018 09:54

Good morning all - Link as requested for ken tennis.



Hi causal - They are fair points that you make and the same thoughts crossed my mind. - Anyway, there's the link, make sure you listen to the video and make of it what you will. - I'd like to think these are the opening shots in a prelude towards bringing back some sort of gold-standard. There is much talk of it amongst some serious players.

[casual47] 08/12/2018 21:35

I think two stories are perhaps being fused here. The $1532/oz figure came from the (naturally bullish) London Bullion Market Association's annual gathering this October where they as usual put their prediction for the gold price based on a survey of analysts.

I don't think they based this figure on the Basel story.



It's easy to get carried away but I don't think there will be a cliff event where suddenly the gold price will jump $300/oz. I can't see the Basel story making such a difference (and the Basel story we had a couple of years back didn't do anything at all then, even though the goldbugs were all over it as THE major gold rerating event back then also) if it really would make a difference then I would have expected the gold price to rally to the occasion many many months before, it's not like nobody in the investing world has heard of Basel.

[ken tennis] 08/12/2018 21:23

Rebess4 where can I read the full article, if this is correct with are re-rating of gold set mid 1500s this is massive for us.
ATB Ken

[rebess4] 08/12/2018 19:21

Hi guys

It looks as though the paper=market setting of the gold price will soon be over.
Under the Basel 111 agreement effective April 19, gold is to be classified as a tier 1 asset when held as bank reserves. - Accordingly, the price fixing mechanism will shift from the paper-market spot pricing mechanism to a verifiable physical-delivery spot mechanism. - The reset is expected to price gold at around $1532 per oz. - It's all over it seems. - Rejoice and fill yer boots.

[roguetreader] 08/12/2018 16:14

Davius, thanks for the recent posts, interesting.
RT

[laurence llewelyn binliner] 08/12/2018 14:07

That will be fine #Casual47.. I'm here for the ride now, the share price recovery to 150/160p and long term dividends armed with my target holding owing me c100p..