Centamin Share Discussion Threads

[kennyp52] 04/10/2019 22:51

Your absolutely right Boris .. done so many fek ups in the last year but it’s part of the fun ... if you can call it that .

[haughtonhoney] 04/10/2019 21:17

I agree UKG. Which is why I topped up at 113.72p yesterday.There are very very few quality investments such as CEY out there.The question that you ALWAYS have to ask is - if I sold, where else would I put the money?(I refer to longer-term investors who do not really care if the daily price is +\- 10p and not what I would term as traders)

[borisjohnsonshair] 04/10/2019 19:56

Kenny - you are a bit itchy trigger finger on the trading!! Very hard to get things that right!!!

[kennyp52] 04/10/2019 18:24

Ukgeorge that just about sums it up . I missed the RNS first thing so was late getting out at 117 then rest at 114 but have recovered with buys at 109 and 111 with an inbetween sale at 112 and bought back in 114 before out again at 115 then waiting half the day to get back in which dropped in my lap at 113 lunchtime , so bits of loss , bits of profits , not knowing where the bottom was going to settle . At 115 now I am only slightly worse off on my average than before the RNS so it has been interesting and we have potential upside to come with the results . I am comforted the muppet show were unable to take this down too far before support ! It could also be considered a positive that Pardey is going . He is a scientist all said and done and his eye has clearly not been on the ball in respect of production or he simply does know how to mine it out . Another missed production target for me should hasten his departure in any case . Substantial production now needed but at least Q4 , if we can believe him , is going to be into much higher grade which can be a game changer . Got themselves back to square one in my view with loss of credibility .... again .

[cpap man] 04/10/2019 14:10

KAV



SP Angel . Morning View .


Kavango Resources (KAV LN) 2.0p, Mkt Cap £3.1m – Kavango selects new targets for 1,000m drill campaign

Kavango Resources has signed a contract mobilising a number of drill rigs to test targets in Botswana.

The drill program is for three vertical holes covering 1,000m on the Kalahari Suture Zone ‘KSZ’

The team plan to intersect conductor targets at depths of between 200m and 400m.

To save time and cost, the holes will be pre-collared to approximately 150m with reverse circulation drilling followed by diamond core drilling for better information on the geology below this point.

Management are hoping to find mineralisation in a 10km x 6km magnetic anomaly, which is interpreted as a potential magma chamber.

The other two targets relate to significant linear magnetic and conductive structures.
Water will be trucked in from a local town.

Conclusion: Botswana hides many interesting mineral discoveries under a significant depth of Kalahari desert sand.

Kavango hopes the use of modern remote sensing techniques will help it pinpoint mineralisation in anomalies of significant scale under the sand.

While drilling these targets feels a bit like wildcatting in the oil industry investors can rest assured that target generation is supported by a thorough analysis of the latest data.

[stevedaytrader] 04/10/2019 13:46

NFP miss but employment down so mixed hence gold is bouncing neither one way or other

[borisjohnsonshair] 04/10/2019 11:07

Certainly was lucky opportunity to top up. Good luck

[ukgeorge] 04/10/2019 10:57

Thank you Mr market for the cheap shares yesterday :)Quality mineLong lomLow costUpside potentialFirst mover advantage in EgyptGold prices heading in the right directionZero debtDividendsHedge against the GBP Roll on £2+

[borisjohnsonshair] 04/10/2019 10:09

Gold prices could soar to $2,000 next year, says strategisthttps://www.cnbc.com/2019/10/03/investing-in-gold-bullion-could-soar-to-2000-next-year.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message

[borisjohnsonshair] 04/10/2019 10:05

We are having a whip round to see if we can get you a brain. Hang in there PRAT

[stevedaytrader] 04/10/2019 09:45

Seems to be moving with gold now- NFP data key for gold later today, a miss and then Jerome being dovish again will see gold rise- opposite is true if numbers hit/exceed

[borisjohnsonshair] 04/10/2019 09:32

He doesn't charge he just likes to give bad advice.

[kennyp52] 04/10/2019 09:27

Looks like Plat did his job on a few investors .. some decent sells at 110.15 first thing . Wonder what his commission is ?

[borisjohnsonshair] 04/10/2019 09:08

You'll be fine here. Enjoy the rise with gold and the good dividends. It's a keeper. With SRB I'd be careful not to be out as very few share on open market. Any good news could lead to 50% rise. Alternatively a buyout at double price.

[borisjohnsonshair] 04/10/2019 09:04

Oi PRAT - I know you don't need to get up but pls wake up and give us some more of your hilarious comedy investment rubbish. I think CNBC should ditch Cramer and get you a slot. The Homer Simpson of investment.

[kennyp52] 04/10/2019 08:57

Yeh SRB ... I am on the fence until next RNS . Had a bit of luck with that for the moment when it hit 90p and am looking to get back in at some stage but a lump in HGM , HUM and SHANTA so bit exposed at the moment .

[borisjohnsonshair] 04/10/2019 08:54

I loved this at under 100p. Wanted return to 125 and as always markets go in extremes in both directions. This is a lovely buy and hold opportunity. I'm on the fence about doubling holding. Got a nice number, so happy. Spreading the love. Re SRB - it's MCAP is as stupid as PRAT!!! I know that's saying something but it's true. It's soon (2 years) going to have an EBIDTA marching it's MCAP. Could rise 4-6 fold.

[borisjohnsonshair] 04/10/2019 08:46

50p - that's a cracker!!!

[johnrxx99] 04/10/2019 06:21

wallywoo - potential buyers have to borrow/raise the money from the people you are talking about :-)

[plat hunter] 03/10/2019 21:41

It's been painstakingly obvious what has been happening here... There's been a very aggressive ramping campaign all at the same time, that large off book sales were taking place.

There's been some not very nice people here and some very naive ones too. It's entirely possible that the broker has been gaming the market here, to allow the exit of a very large shareholder.

Anything is possible in this game and IF that was to be, then you'll see this at 50p

[plat hunter] 03/10/2019 21:29

Of course they have... Can you imagine if these miners were honest and told investors that they don't want to dig as much up, when prices are potentially 70% lower than what they could be? Meaning less revenue, more cash burn and less dividends.

[phillis] 03/10/2019 20:35

Cey is VERY different

Its management has been inadequate

[plat hunter] 03/10/2019 20:00

Strong dollar for you. Makes PM's expensive for emerging markets to purchase.

CEY is no different than any other class A miner, production will swing the other way, as and when the dollar softens.