Centamin Share Discussion Threads

[larry laffer] 21/1/2019 08:59

More likely “stillgotnorolex” if the share price continues to slide slowly downward.

[gotnorolex] 21/1/2019 08:56

Maybe Keyno, tell me quando?

[keyno] 21/1/2019 00:25

Maybe, gnr, 2019 will be the year your moniker changes to finallygotarolex!

[gotnorolex] 20/1/2019 16:07

LLB could not resist 8% in 3 days but will be back, gold to glitter this year by all accounts!

[laurence llewelyn binliner] 20/1/2019 15:56

#gotnorolex... very interesting indeed, ignore the charts at your own peril IMO..

CEY has been a heavily traded momentum/sentiment stock since it tanked last year swinging up to +/-10% driven by the herds direction and not driven by POG which has set the trend but has been largely static and only moved +USD50/Oz over the same period.

Our own Golden Cross is on the horizon, which will be an interesting period due to confirmation that we are back on track to 540/560KOz landing about the same time in February .. lets see what happens to the share price then, I'm holding/adding.. :o)

[kennyp52] 19/1/2019 21:34

Thanks for that WBecki ... gold down to $1281 !

[gotnorolex] 19/1/2019 15:02

We need to get past $1,365 (2018 high) to start motoring! More uncertainty now than anytime last year, so only a matter of time!

[wbecki] 19/1/2019 12:04

Billionaire Zell Buys Gold for First Time in Bet on Tight Supply

This article by Luzi Ann Javier for Bloomberg may be of interest to subscribers. Here is a section:

For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the price.”

Spending on new mines began to dry up after prices of the metal tumbled from a record in 2011, clouding the outlook for production. With gold still down by almost a third from its peak, the biggest miners are just looking at buying their competitors in a bid to bolster their output pipeline.

“The amount of capital being put into new gold mines is a most nonexistent,” Zell said. “All of the money is being used to buy up rivals.”

[kennyp52] 18/1/2019 20:49

fenners66 ... Graphs , SMAs , gold consolidation ... so many predictions of this share soaring and look where were are .... 114.90 . When production is solid , POG is solid and sentiment returns when the directors get their forecasts right ... that’s when IMO the share price will move. As it is there is still uncertainty and if you look backwards I have stated this might move down until the next set of production figures and the financials come out . Might present a further opportunity to load up .

[astjgroom] 17/1/2019 23:49

I think China will be the first to wobble the markets. Manufacturing is already massively down there from trumps tariffs. And that's with the world rushing factory orders before Chinese New Year Early feb when the factories close. Add many uk firms also bringing in extra stock to avert brexit delays. Plus we have a soft consumer market and our own problems. China problems come April/May IMHO

[martinfrench] 17/1/2019 14:33

dont think we will see 1300 just yet, need some more mundane US numbers on a regular basis.

If not for that would prob be over 1300 by now.

but, it comes back for more

[jimbowen30] 16/1/2019 16:08

We are likely to see more consolidation in the gold mining sector:

[laurence llewelyn binliner] 16/1/2019 14:47

Well the 50/150 SMA's have touched now, next stop 50/200 Golden Cross.. :o)

[gotnorolex] 16/1/2019 12:09

CEY lost ground in tandem with sterling yesterday, which then rebounded to where it was after the vote. My comment was in anticipation of the share price returning to everyday trading trends given news of reduced production balanced by strength of gold.

[ukgeorge] 16/1/2019 11:35

gotnorolex.

If the pound is strong as you said the price in sterling ceteris paribus would fall.

I guess you meant the pound would weaken.

[gotnorolex] 16/1/2019 11:14

Equity is subject to currency exposure!

[ukgeorge] 16/1/2019 11:02

Gold production has been rising for about a decade and is at record highs.

[fenners66] 16/1/2019 10:38

gotnorolex
15 Jan '19 - 22:08 - 29481 of 29482

"Sterling denominated CEY to get a boost from strength of the pound post defeat!"

Really ?!

Selling gold in $ and converting into less pounds to report results will have the opposite effect !

[kennyp52] 16/1/2019 08:09

Just watched this drop for a couple of seconds to 115.65 only to be slapped straight back up to 117.8 then back to 116.4 ... shorts are back in? Wbecki ... if gold production is reduced then supply and demand should kick in and drive up gold price and those miners with long term mine life should be worth a fortune. 119.25 at time of edit 👍

[gotnorolex] 15/1/2019 22:08

Sterling denominated CEY to get a boost from strength of the pound post defeat!

[wbecki] 15/1/2019 20:39

Apparently gold production is plunging....

Is that why barrick merged with Randgold, and Newmont / GoldCorp announced?

Large mining companies have been cutting their exploration budgets for years. By the end of 2016, exploration budgets hit an 11-year low.

Part of the reason for the decline in exploration has been the stagnant gold price and general, investor disinterest toward the gold mining sector.

If you look at a chart of the Gold Miners ETF (GDX), the price hasn’t gone anywhere for five years.


"Yet Another Major Reason To Buy Gold"
For almost a year now, I’ve been advising you that gold production is plunging...

[kennyp52] 15/1/2019 16:53

Ken tennis ... I'm fairly new to these stocks and shares on a proper day to day basis. Keep my properties as the backbone / pension so I can have a "play" and try and get better than bank interest on the cash I had but it's a hairy business . Back in for a bit more on CEY @ 116.9 after taking profits last week so hopefully it will hold . If it drops I kept some back to buy more . Have my doubts until the financials are out that this will stay solid but still got the confidence the company will get it right in 2019 an we will see a big rise in share price . Got back in on FRES too at 907p so pretty happy with that . Put a buy in at 230p for CAML but didn't catch that baby ... try again tomorrow. ATB