Centamin Share Discussion Threads

[crossing_the_rubicon] 08/10/2019 11:55

I'd happily sell to Barrick gold (where I am a shareholder as well)

[cinquepercento] 08/10/2019 09:21

Ps: Back in 2012 when there was the military coup in Egypt, I bought this as low as 35 pence or so and saw it double in a couple of weeks.

Amendment,it may have taken more than a couple of weeks so I must not exagerate.

[cinquepercento] 08/10/2019 09:16

Kennyp52 and Stevedaytrader.

I acknowledge your joint financial knowledge,experience and expertise etc.

The potential take over sounds wonderful.

My goal is to simply buy low and sell high with minimum risk even if it means that I will miss out on huge profits,so I will wait for/expect 80 but maybe start buying at 90 or so.

As stated several times on previous posts,what I have experienced during my 7 -8 years learning process, is losses not profits so I will continue with this cautious approach for now.

[kennyp52] 08/10/2019 09:07

Cinque .. absolutely right and the profit share agreement would also be an issue . But dont forget they have resources in BF and Cote DIvoire which are extremely attractive and they could be approached just to sell these assets and continue with the Egyptian mining assets .

[cinquepercento] 08/10/2019 09:02

Stevedaytrader : re: possible takeover,of Centamin:

Very interesting and no doubt,very welcome news for anyone holding meaningful amounts of Centamin shares at the moment.

I wonder if the Egyptian Government would have anything to say about that.

[stevedaytrader] 08/10/2019 09:02

Cinque, I do not see it that low- any blip in key trade talks will pump gold- results due 23rd, I went in again as we started to recover from the "leaky comms method news" the other day, but no with no where near as many as when I bailed at 119(was over exposed)- when I took large profits from the 90s days- of course should have bailed when 150 but you live and learn. On balance, with all data, more chance of a rise at the moment than a drop. Fingers crossed as always...

[zangdook] 08/10/2019 08:58

Profit depends not just on production but on the price of gold.

[cinquepercento] 08/10/2019 08:54

Kennyp52: removing my post:

Yes,everyone here is entitled to his or her opinion,including me.

Did you see my post before I removed it?

I sometimes post something because I have something that I want to say but then I ask myself if there is any point.

I enjoyed typing the post and then reading it,so maybe that was the end goal.

My expections are still that Centamin will drop further,closer to 80 and I stand by that.

[stevedaytrader] 08/10/2019 08:35

Not sure on value Kenny, but of course, would be at least 25% above- plus with no CEO lined up yet, and Pardey staying put for up to a year, perfect time to buy

[kennyp52] 08/10/2019 08:29

stevedaytrader.. always a possibility . With the resource in Burkino Faso and Cote DIvoire it just needs a company that can mine it to full potential . I get a feeling from CEY they are as much about mine life extension than maximising profits and if it has left them open to a bid then , for me , so be it . I value it close to 200 what about you guys ?

[stevedaytrader] 08/10/2019 08:20

Kenny, Cinque, QS99 and All- saw this on the LSE chat room- so just in case you missed it: "Barrick through the recently acquired Acacia Gold now have interests on the West side of Africa and are in Burkina Faso as well as CEY and so Barrick are not stupid and if Mark Bristow sees an opportunity for economy of scale- he usually takes it."

[kennyp52] 07/10/2019 19:14

Why post and remove Cinque .. we are all entitled to opinions .... yourself included

[borisjohnsonshair] 07/10/2019 10:19

The Chinese or Chinese food or language?

[qs99] 07/10/2019 09:17

hopefully back through £1.20 shortly...GLA

[stevedaytrader] 06/10/2019 14:48

I think it’s 01-07 inclusive Kenny, but I think we should rise Monday for the reasons I stated in previous post- fingers crossed. Am well chuffed on VAR the mo, YNWA :-)

[borisjohnsonshair] 06/10/2019 11:21

Actually Chinese ok, nice smart people. The "party" isn't though. Hopefully the people can destroy it before it destroys them in overseas conquests.

[borisjohnsonshair] 06/10/2019 09:09

That's fine - 1.4B for dinner ain't

[kennyp52] 06/10/2019 08:02

Stevedaytrader .. when do Chinese get back to work ? Can see a rise for POG when they do . Boris the Chinese are not so bad ... we have one every week .

[stevedaytrader] 05/10/2019 15:26

Fingers crossed Boris- let’s hope Trump stocks to his guns and plays hardball- at the moment things are easing- more hardline will boost gold but impact the dow jones and other markets.

[borisjohnsonshair] 05/10/2019 11:39

The world needs to sanction & block China and remove them from the WTO. Should never have been allowed in and haven't followed rules. Demise of West in progress and China needs to be put back in its nasty box.

[stevedaytrader] 05/10/2019 11:26

Looking for an increase on Monday on gold stocks- rationale: Markets rose Friday esp. pm on mixed NFP and employment data - Gold didn't do too much and swing range quite tight. Market rise could also be increasing on expected of rate cut. Gold held during Jerome's speech and most of the commentary was the usual "will do what we need to " plus that even though unemployment was low, NFP was a miss but the trend now is downwards, plus the manufacturing data was worse for 10year- all hinting at a slowdown. TRUMP needs to cease trade wars which doesn't look imminent and is critical this month. Plus Golden week is over. Fingers crossed as always.