Centamin Share Discussion Threads

[littlepuppi7] 06/9/2019 10:20

Sorry for off topic but invested here and srb .. pea came out today and it's stunning.. these are the 2 best gold plays on the market for sure.

[plat hunter] 06/9/2019 09:43

Doubt it will Wally, just broke out of a double bottom to the south side on the 5 min and Gold is selling off.

On a macro level the world has a debt problem and the only way to get rid of debt is introduce inflation, which ultimately erodes the value of the debt. Whilst inflation will help support gold to a certain extent, it also erodes the value of the currency which will make base metals cheaper for emerging markets, which is a precursor of economic expansion and is usually the final phase of an economical cycle.

The price action in gold of late has been a short term reflection of current political and geo risk turmoil. The rise from 1250 to 1500 in my view is just short term volatility.

I might be wrong though, good luck to you either way.

[wallywoo] 06/9/2019 09:33

its funny with the UK stocks that have no stamp duty to pay. Many tend to be more volatile, because the peaks and troughs are cheaper to play imo.

Currently don't own but have already traded a few times in the last few weeks. I would be surprised if this reverses now (despite the double top formation), since it is an attractive stock in a likely buoyant gold market. Personally would look to add again if it hits 139

[kennyp52] 06/9/2019 09:27

Ultimately you go with your gut . IMO CEY will be very attractive after Q3 as it has a free cash dividend policy so if results are good then they pay out . 4c already in the bag, expected final anything from 6c to 10c . At 0.82 GBP that is total 8.2p to 11.5p. At 142 that’s a yield of 5.8 to 8.1% backed up by a very solid , debt free , high resource asset . Looks good to me but the charts might get us 🤣

[cinquepercento] 06/9/2019 09:01

Kennyp52.

You are correct.

I have been relying too much on the charts and not acknowledging market forces etc.

I never expected or foresaw ,the effect of Trump's trade wars, on interest rates,the price or gold and oil etc.

[kennyp52] 06/9/2019 08:54

I am a businessman Cinque .. lot of start ups and helped a lot of people make their fortunes . So fundamentals are what I look for and had to get used to the fact that charts and trends will impact share price dramatically based on nothing but a line going up or down . That has been the hardest thing for me to get my head round and I see how easily the markets can be manipulated and why there are so many instances of investment bankers being naughty . Hey ho ... it’s better than the cash sitting in a deposit account earning barely 1% but it’s also like having a 2nd bloody job . As you quite rightly say you need to sleep aswell !

[cinquepercento] 06/9/2019 08:49

Kennyp52,

We evalutate the situation and the risks of a share going up or down and give it our best shot.
Hopefully we get it right more often as we gain experience.

I think that we need to use my chartist theories together with your general knowledge of the market forces as separately we have only half the picture.

[kennyp52] 06/9/2019 08:24

Good points Cinquepercento. Correct but wish I had now waited until this morning to buy back in . If we all had crystal balls ....
I will comment , as I have consistently , that H2 financials are likely to be extremely attractive and I firmly believe the market will not be able to hold the share price below 160 . Anything I do will be to limit my risk . 80p is not going to be on the cards , that is just a ridiculous comment . If it did go to 80p I would mortgage and stick the lot in . IMHO it is also worth you doing some research. They will have more than their “buffer” cash balance of 300mn to play with and have massive resource on other projects to start thinking about bringing into production . There has not been much talk on this board about the huge potential of these other projects , particularly Burkino Faso , Cleopatra and even the upgraded resources local to the existing operation . The solar plant must surely now be feasible with little / no finance which would bring down AISC substantially with their massive current power costs . This is a self financing , substantial miner with strong fundamentals . They only need to get their production right to make fantastic profits . The share price might get played before the next results , might always get played but fundamentally this is a very valuable business . All IMO . Good luck .

[cinquepercento] 06/9/2019 07:36

KennyP52, and Plat Hunter

KennyP52,

If you sold all your shares at 150 or so, and bought back the same amount at
145 or so, then you have reduced your risk by 4.02% ? and you are still holding the same amount of shares.

Presumably,you will keep doing this now to further reduce your risk.

Plat Hunter has predicted a double top.

If my memory serves me correctly,Plat has correctly predicted a double top previously on this share.

I am going to stick my neck out and say that I think that this could drop more as people warm to the idea of profit taking and sleeping at night but we will see. :-)

[plat hunter] 05/9/2019 19:41

Cheers 365... gotta love those double tops, very reliable

[rotrader] 05/9/2019 19:03

You have to be the biggest pr*ck I have ever had the misfortune to read a post from ,on any board, not just this one.

[creditcrunchies] 05/9/2019 16:21

also bond yields going up so switching out of safety for now

[martinfrench] 05/9/2019 16:17

No, stronger us data bringing gold dowm

[stevedaytrader] 05/9/2019 15:35

China trade talks most likely culprit :-(

[creditcrunchies] 05/9/2019 10:07

it just keeps on bouncing back up as gold continues to get bought I believe the short term target for Gold is 1650 before it levels off a bit, possibly a deep retracement from there before taking off to higher levels

[cinquepercento] 05/9/2019 08:03

Kennyp52

Yes,I got caught on Centrica and dumped it when I saw it heading for the abyss some months ago.

I took quite a loss but avoided a much bigger loss, so lesson learned.

At the time there were a whole lot of big shares doing the same thing.

[kennyp52] 05/9/2019 07:57

I think this works when the fundamentals of the company are strong and you have confidence of a recovery in the price . A good example maybe of not when to do it is CENTRICA which fell like a stone and is now stuck . Got me under water but but I do not intend averaging down on that one as I see it transitioning and struggling . FRES is likely to come back but the fundamentals on production and resource are going to hang heavy until sorted and when they have to publish poor financials they are likely to get hammered again . So I would be careful to use it as a normal trading tactic . I have several down at the moment but 2 dividends will recover the paper loss alone and the hope is that the summer sell off cycle will mean recovery of price .... plus if we ever get Brexit sorted that will help the U.K. stocks and banks . All a learning curve .

[cinquepercento] 05/9/2019 07:49

ShayADFN: and others:

RE: trading mixed with holding to ultimately reduce cost of share.


It seems to defy all logic but on occasions,I have bought a useful amount of shares on their big downward correction, then bought more of the same amount of shares at say 5-10 points lower.

I then sell the first lot I bought on a short lived bounce back and keep the ones,I bought for 5 -10 points lower,as the share ( zig-zags) like a saw tooth on the way down.

I just keep doing this while the share goes lower and lower.

The end result can be a (break even) lower than the actual lowest price of the share,which sounds impossible but it is true.

[plat hunter] 04/9/2019 23:20

One minute I only have 10k to play with penny stocks, the next minute I'm manipulating share prices of a 1.7 billion mcap

make up your mind Kenny