Centamin Share Discussion Threads

[casual47] 27/2/2019 11:12

A steady-steady conservative approach as borne out by these two points ($300m languishing in the bank, a technical minded CEO) has its merits but if you look at the chart it's clear that this approach is not translating in steady-steady shareholder value.

[broken record] 27/2/2019 11:09

Lets be honest this is one sick puppy.

I seriously believe it will tick down drastically in the close for sure sub 90p and closer to 80p by Friday.

[casual47] 27/2/2019 11:08

The $300m sitting in the bank.....while some analysts refer to it in their write-ups as a mitigating factor and PIs like it for its derisking aspect, I can't help but think it is not the most optimal use of it in terms of creating value for the company.

While Mr. Pardey is a mining man through and through I also can't help but think that perhaps his previous role as COO suited him better and that a CEO with more salesmanship and strategic vision might be better for Centamin.

[borisjohnsonshair] 27/2/2019 11:07

Yes that one. Answer much appreciated.

[adg] 27/2/2019 11:00

what goes on in these sicko's heads ??
A share drops on bad news and they are all over it with what are frankly ridiculous forecasts - they are a sick, disgusting, utter lowlife scum and I just don't get how they get off on all of this and also why ADVFN are not more aggressive/vigilant with these amoebae ?

Yes it may drop a bit more but that's to do with general markets and gold price, the big drop is already done imo,
I am looking to buy (for second time in CEY)and anywhere around the current share price is looking favourable - may wait a day or so to perhaps save another penny or two but I think we are about there on the damage from the results and lacklustre management update/CC.

[davius] 27/2/2019 10:56

Lol Boris, depends which one :-)

The one I'm referring to is last summer, they revealed production issues, the original target was (IIRC) 580K for 2018, so the shares slumped from 160p to 120p and carried on down, hitting 85p before eventually rebounding.

[dt1010] 27/2/2019 10:53

Spacedust lol get a job hehehehe

[spacedust] 27/2/2019 10:51

90p should hold but if it is breached and goes to 85p then I'm afraid it's all the way down to the 70s chaps. I'll be tempted at 85p. Might sell tlw at a slight loss to get in around 85p in Cey.

[borisjohnsonshair] 27/2/2019 10:41

What was the reason behind the previous big drop? I wasn't a holder then.

[ukgeorge] 27/2/2019 10:39

Yes the other thread is a waste of time now. Sadly the chart is looking pretty bad and it might head lower to that 85p level. I have already topped up so hope it does start to recover.

Centamin used to always under promise and over deliver so I hope that is the case for 2019.

The fact is at this price 95p the dividend 4.1p so yield 4%. This year the dividend should rise, with higher gold price and a small increase in production.

The other facts are that Sukari has huge R&R and potential to increase the UG reserves.

Yes it has been a bad 6 months. But, the company has $300M sitting in the bank and reasonable projects in west africa.

Fingers crossed in a couple of weeks the dust will have settled and all the shorters moved on. They are going to also have to close those shorts and thus the share price should get a bounce from that. Also although unlikely there could be a bid at some point.

[dt1010] 27/2/2019 10:37

Great time to buy

Most won’t

Value players will

[djb3] 27/2/2019 10:35

Won't go lower than 90 imho. The trend line is really strong and goes all the way back to June 2013.

[bluebell7] 27/2/2019 10:33

The problem with moving back to this thread is the halfwits follow,such a shame they ruin good threads,I’ve been with cey since 6p and nothing changes,even in those early days,the lunatic brigade polluted the boards

[dt1010] 27/2/2019 10:27

Oh those prices will come definitely. $1370 has resisted 4 times but once breached $1500 will come fast and aim for $1800- $2000.

This will take 2 quarters to repair itself IMO.

[spacedust] 27/2/2019 10:04

Also after i sold Cey at 415pm I was going to add on LAM but within minutes i changed my mind and got tlw instead.

Have no one here ever in their lives ever changed their.minds ?????

[borisjohnsonshair] 27/2/2019 10:03

Gold could go to 1800 or 2000 easily

[borisjohnsonshair] 27/2/2019 10:03

Its got legs. We've had a 10 year equity bull. That's over

[spacedust] 27/2/2019 09:58

Did u know that people have minds and there is a way of changing ones mind. Our decisions are not static l. We change our.minds all the time

[spacedust] 27/2/2019 09:57

Yesbthats exactly what I did. I sold around 415pm on Friday because I didn't want to gamble on the results as I don't have a short memory as recently ceyhave disappointed on results day and I also thought the at 221p offered a less riskier opportunity. I plan to sell the around 260p if it gets there otherwise I'll sell the at a loss and get back at Cey sub 90p

[jimbowen30] 27/2/2019 09:56

My filter list keeps getting longer. The idiots have escaped the asylum...

[dt1010] 27/2/2019 09:53

Bo, gold has had a good run since Oct 18 so I think it’s owed a bit of a pull back, which is seasonal anyway, so this is great buying opportunity. Understatement of forward earnings etc. I am loving the current pricing.

[bocase] 27/2/2019 09:50

UK George: I am sure we are on the radar. Hopefully not before the gold price is north of $1500 and the share price is well above this level.

The share price is hugely dependent on the gold price. I know that is stating the obvious but if you have the charts available, take a look at what happened to gold miners when gold hit $1800 in 2011 and you could see why talking about CEY being £3-£4 a share is not fanciful. Any increase in the gold price goes straight to the bottom line.