Centamin Share Discussion Threads

[bocase] 04/1/2019 17:36

Gold is coming back though.

The intraday low was $1276, now $1285

[cielos] 04/1/2019 16:38

A big change for the day from being well up to finish lower, Gold falling has plenty to do with it.

[bocase] 04/1/2019 16:34

Yes agree Steve.

I suspect these strong payroll data will soon be replaced by weaker ones going forward as the US economy comes off the boil. That means fewer if any rate hikes and a weaker dollar and higher gold.

I would be surprised if we don't see $1400 this year. Possibly much higher.

[stevedaytrader] 04/1/2019 16:22

Yes bocase- markets up and people forget CEY and HGM etc are stocks- HGM up and neg impact on CEY only slight- 6 months ago when gold was seen as a dud for a while, impact of any drop was exacerbated- no longer the case. Still very underpriced here- gold stocks are good ones at the moment.

[bocase] 04/1/2019 14:55

Gold down $17 per oz following the payroll figures and stronger dollar.

Good to see Centamin holding up well in the face of a sell off in gold. Shows the market thinks gold will move higher soon and with Randgold no longer around gold investors choosing CEY for exposure to gold.

[qs99] 04/1/2019 14:54

Yup, interesting to see the affect on POG quickly down 1%.....have taken some off table with CEY until way forward is clearer (US shut down may affect more recent figures etc) and added to PMO which is heading IMO back over a quid and in a similar position to where CEY was when it dipped below a quid. So having done 20%+ here, I'll take some off the table following that US update and play some oil instead! DYOR

[laurence llewelyn binliner] 04/1/2019 14:35

I can't blame anyone cashing a 10% profit for 2/3 days work, it's not a profit until it's in the Pot .. :o)

Won't be long before the next leg up and onto 150/160p again..

[oli12] 04/1/2019 14:11

I bailed earlier. I will await the update on the 9th and see where she goes, I was nervous about lower than expected grades in December and a 20% + profit in this market is not to be taken for granted.
Hopefully for others there is still more I this.

[stevedaytrader] 04/1/2019 14:02

USA non-farms smashed expectations which is normally bad for gold, although impact not that great- FED won't be doing much for a few months, and conversely good news for Dow/SandP/Nasaq and markets.

[juju44] 04/1/2019 12:19

Yep , miners generally having a decent lift

[ukgeorge] 04/1/2019 11:04

There was a production update on the 27th of December. The target is 135-140koz, this was below the previous estimate and hence why we had the 27th Dec RNS.

The recent move imo has been nearly purely due to the increase in the gold price.

[ken tennis] 04/1/2019 11:03

Gotnorolex I like it mate it’s all in the roll of the dice.👍

[phillis] 04/1/2019 11:02

lightened a little pending update

[gotnorolex] 04/1/2019 10:48

Poking pun at me again? It could have been me!
A lawyer opened the door of his BMW, when suddenly a car came along and hit the door, ripping it off completely. When the police arrived at the scene, the lawyer was complaining bitterly about the damage to his precious BMW. "Officer, look what they've done to my Beeeemer!!!", he whined.
"You lawyers are so materialistic, you make me sick!!!" retorted the officer, "You're so worried about your stupid BMW, that you didn't even notice that your left arm was ripped off!!!"

"Oh my gaaad....", replied the lawyer, finally noticing the bloody left shoulder where his arm once was, "Where's my Rolex???!!!!!"

[astjgroom] 04/1/2019 10:45

It's very difficult to 'guess' or for tell results and then market reactions. sometimes when results are good prices fold, n sometimes when bad they rise. Av price for CEY is around £1.50 historically. If gold n CEY are flying we may hit higher.

[ken tennis] 04/1/2019 10:35

KENNYP yes I like the Rolex pun.
The way this is moving up rapidly does anyone think the prod report may have been leaked or is this not possible ?

I’m going to take the risk cause if this prod reports good we could just shoot up 10p if it’s bad well I will still be in good profit unless the feker goes down 25%

[stevedaytrader] 04/1/2019 10:14

Similar profit for me too but am holding, this has much more to go in my view. Fingers crossed.

[unnavailable] 04/1/2019 10:06

Sold two thirds of my holding just now. Was up over 26% and feel we may start seeing a pullback. Kept a small amount in and will keep an eye on things. Gold does seem like the place to be at the moment.

[kennyp52] 04/1/2019 09:18

Oli12 .. I am too . But this share has pretty much drove me up the wall and to see blue after trading it to an average of 101p what have we to lose . A lot of people in here think it will hit 150 and I trust that . My first buy was at 150 and I thought it was reasonably priced then ... now I have studied the business I see there is potential for this company to move to 1M ounces a year when other mines start to produce ( Cote D’Ivoire / Cleopatra ) . Only the production uncertainty and the ongoing unresolved fuel tax case have created the uncertainty and drop in share price so long term I think the guys are right and at some stage in the next year this might hit 150+. If it does make a correction I am going back in to top up more. Bought some HGM and placed a kill or fill order for BARRICK at a cheeky 17.25CAD so might not have any cash on the 9th anyway ! 😄

[kennyp52] 04/1/2019 09:13

Thats why you got no Rolex ? 😂

[oli12] 04/1/2019 09:13

Tempted to take profit ahead of the next update, made just over 20% so kinda happy

[jimbowen30] 04/1/2019 09:09

Post Randgold, Centamin will now be the "go to" gold stock for institutional investors. AAZ is a high quality company too and pays an attractive dividend but is too small for most institutions.

[gotnorolex] 04/1/2019 09:05

Q4 2018 on 9th! We have had the warning shot so expect some negative reaction!

[ukgeorge] 04/1/2019 08:54

Yes I agree Bocase and there are not really any other major gold producers for people to pick. You could go for highland gold and anglo asian but many would avoid those because of political risk.