Centamin Share Discussion Threads

[ken tennis] 24/12/2018 16:18

KENNYP happy Xmas to you and your family mate and hopefully we will have some good profits at least from CEY and FRES.
The above also goes to other LTH on this board.
ATB
Ken.

[kennyp52] 24/12/2018 08:30

Q looks like a pyramid ? Sparky you’ve posted it everywhere which looks a bit desperate ? Anyway CEY .... one opening trade at 109 , high trade within minutes at 113.45 .... steadied at 112.25 ... what is going on ??

[sparky333] 24/12/2018 07:57

Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of payment cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.Here is my invite link: https://initiativeq.com/invite/ysfoTKwF2This link will stop working once I'm out of invites. Let me know after you registered, because I need to verify you on my end.

[gotnorolex] 22/12/2018 09:34

k52 Debt free and the fact that 80% of generated free cash flow in first half paid out in divis has finally been recognized. Monday's opening will tell us if that surge in volume was just the catching up and late reporting of trades!

[kennyp52] 21/12/2018 22:11

gotnorolex .... genuine trades then ? So some big money in ? Wonder if someone has the shipping info or EMRA payment ?

[gotnorolex] 21/12/2018 18:56

Price (GBX) 111.25 Var % (+/-) +0.04% (Up +0.05)
High 111.80 Low 107.65
Volume 22,662,030 Last close 111.25 on 21-Dec-2018
Bid 107.75 Offer 109.10
Trading status Market Close Special conditions NONE
Big trades in Extended-hours trading today!

[kennyp52] 21/12/2018 18:02

Very confusing ... my HL account shows share price 107.75 but LSE & Centamin website 111.25 ... so what will be opening on Monday / true value ???

[oli12] 21/12/2018 16:49

Umm indeed interesting. Someone seems confident. Time as always will tell.

[martinfrench] 21/12/2018 16:40

bizarre end of day action, dropped to 108 briefly then 111.25 in the closing auction!

[wallywoo] 21/12/2018 16:40

Massive 17m share trade at the close of business. Interesting!!

[qs99] 21/12/2018 11:34

Am in for the ride here, for golders, SHG up 9% this am, DYOR but may be ahead of Jan update....

[wallywoo] 21/12/2018 09:03

yep Kenny the PEA on Cote D’Ivoire will make interesting reading (due Q1). This is a really hot mining area, completely discounted by the market in relation to CEY IMO. They have had a lot of stunning drill results there, AISC likely to be low due to the high grade ore and low labour cost (see other mines in the area) JORC estimate will be high, leading to a great Net Present Value of the asset (all in IMHO):

See "Côte d'Ivoire is emerging as one of Africa’s premier destinations for gold mining investment"

On proactiveinvestors website (they don't let you post links to the competition on here!)

And of course don't forget, they have >$250M in the bank to fund the mine build, no complicated finance arrangements needed! remember though this is likely to take a couple of years before it could start.

Now what would happen to the share price if this PEA showed a Net Present Value of $1B ish?

I worked this out by guessing that indicated gold will increase from 1.3M ounces to 2.3M (from 50K m of drilling done this year) and taking an average of the largest miner in Cote D’Ivoire (ie giving an estimate $500 profit per ounce

[creditcrunchies] 21/12/2018 08:55

The Fed are raising rates because they know a recession is coming, when it comes they can slash rates to stimulate the economy. The debts on their balance sheets are still too large so QE could be a problem. Trump has cut taxes at the wrong time so that is not an option to stimulate. So GOLD will go moonshoot

[ken tennis] 20/12/2018 21:16

KENNYP yes I’m sitting tight and with FRES too.
I just posted you back on FRES board with my aversges 👍

[kennyp52] 20/12/2018 18:14

Good call today wallywoo . I hope everyone is in at close and those that had a dabble made a few quid . Interesting they have a report on Cote D’Ivoire imminent - can’t see this is factored into the share price as of yet so if that is positive it could be very interesting . Gold @ $1265 630pm

[ken tennis] 20/12/2018 15:19

Yes and weve bounced back to yesterdays price gold is flying so I think this is now dangerous to trade for fear of being left behind so im sitting tight.

Its fekin hard when your in good profit but ive been burnt before trying to maximise thing on a very strong uptrend and been dropped by the wayside.

So just going to sit back enjoy the Christmas and watch it slowly rise.

[wallywoo] 20/12/2018 10:35

Posting on here has convinced myself to buy a load more. Gold Price has a little resistance at $1250 level, however January has been a stunning month for gold for many years now (you have to go back to 2012 to see a decline, and that was a one off IMO). I expect that trend to continue and there is little resistance until gold hits $1300.

That with news due from CEY in early Jan (Q4 and Projected production for 2019), plus PEA for Cote d’Ivoire makes this a good short term / medium term play.

SP chart shows the share price has broken upwards from 108p, and I expect it to bounce strongly

[martinfrench] 20/12/2018 10:07

back in at 108.5, like many others trying to be clever with this stock, yes 100% succesful trades (not hard in a rising share price!) but did or rather have ballsed up the long term hold and trading tranches, which i was supposed to do at 101....

do love this board and this stock is prob, in all my years of trading, one of the very best set ups i have seen, what with the no stamp duty, gold exposure, current mining prod (i'm finished with prospective miners, just takes too long) and recovery upside.

Only risks here are country risk (seems fairly stable at moment).

[podgyted] 20/12/2018 10:03

Gold at 1259 - strange the price movements here.

[gotnorolex] 20/12/2018 09:34

Nice little dip to get on board again!

[wallywoo] 20/12/2018 09:01

nah Kenny, never expect the short term share price to do what is expected! It will take a bath this morning to push out weak holders bounce back later on.

Last time round in 2016 the share price jumped from these levels to 150p+. We have news coming with a project decision and new resource from the 50K + m (in 2018) of drilling at Cote d’Ivoire and PEA Study (a study that includes an economic analysis of the potential viability of a project's mineral resources.) ie how much is it worth!

Not to mention that the Egypt mine is now producing higher grade material which should mean a higher production figure and lower cost for 2019. All news due in the next month or 2

[kennyp52] 20/12/2018 08:48

I am with you wallywoo ... but on your line of thought should it not be going the other way ? I am happy to hold . Would be nice to sell at 110.5 and buy back in at 108.50 but as many experienced people on this feed have commented .. this could break out on any good news and you miss out on a 10% jump in share price if you are out when it does

[kennyp52] 20/12/2018 08:22

Bit of profit taking ? Still not enough drop to tempt me to deal

[gotnorolex] 19/12/2018 19:06

Jefferies Hoare Govett