Centamin Share Discussion Threads

[lysandrospanayi] 04/12/2019 09:42

one rat dropping ruins the bowl of porridge.

[monopoli44] 04/12/2019 09:38

Well I have sold £100 from my short small profit and looking to sell another £100 and keep £200 for the ride and see what is going on...............

[monopoli44] 04/12/2019 09:32

well let me think about it lets see what to day bring..............I have always been a dun of CEY as I reckon is a good company.

[astjgroom] 04/12/2019 09:29

I'm easy either way, shares go up and down, I sold 22 thousand yesterday and if the price dips will buy them back lower. However, 1.10 is a bit low monopoli, I don't think you'll see that again, gold has risen and by tomorrow there will be no further news on endeavor, so I believe your target will prove illusive. If the price drop you should close your short and go long, join the boys for the ride.

[kennyp52] 04/12/2019 09:21

Monopoli has shorted it . Going to lose a small fortune if this does not go way south of 118 by Friday . Keep buying lads and sink the twerp .

[wallywoo] 04/12/2019 09:19

lol mono, does it work do you think your puny attempts to generate fear, and shake out investors?

I doubt it

[monopoli44] 04/12/2019 09:14

Well I suppose without any further news between 3 to 5 p down by the end of the day and back to the 110p range by Friday,

[adg] 04/12/2019 09:09

you said yesterday if it finished blue you would foxtrot oscar......

[astjgroom] 04/12/2019 09:09

Not really red is it Monopoli, down .90 at 9am, I'm not sweating just yet. What price are you calling for 4:30pm mr valentine?

[kennyp52] 04/12/2019 09:05

Buy buy buy ... cheap shares on offer 🤣

[monopoli44] 04/12/2019 09:02

is anyone there where are you all............have you starting selling as it is going red and red and red,

[monopoli44] 04/12/2019 08:57

DO I SEE RED RED RED RED,,,,,,,,,,,,,,,,SELL SELL SELL SELL.................

[wallywoo] 04/12/2019 08:48

Kenny, yes Endeavour have $500 - $600M net debt, however, they opened 2 new mines last year and are now in a period of quick deleveraging (new mines have a $650 an ounce AISC, and prod of around 500,000 ounces, so debt will go down quick)

I think Endeavour will up to 150+. At those prices I would be happy to be a holder of the merged company.

IMO Cey are too conservative, need some more aggression. eg: what is the point of having $300M in cash on the balance sheet for the last 3 years, does not earn any interest or much. They need to spur into action, a merged group would do that.

[bocase] 04/12/2019 08:46

What we need is a second bidder, eg Barrick Gold.

[phillis] 04/12/2019 08:42

Cey is in a weak position and Endeavours aggression means they will follow through with an increased offer
Question is : how much?

[kennyp52] 04/12/2019 08:39

Can Endeavour offer more ? I think what you need to ask yourselves is would you invest in Endeavour or CEY . Endeavour is heavily in debt , pays no dividend , does not generate the free cash flow that CEY does . CEY has no debt , pile of cash and generates significant free cash flow to pay decent dividends . Endeavour has made a cheap and cheeky bid that should be rejected out of hand . It might prompt a big boy to make a bid or we simply sit tight , get production sorted and go to 150 anyway . JV is the only option for me with Endeavour if they offer the chance to get Cote D’Ivoire or Burkino Faso up and producing . Or sell them the resource ... but they have no cash thus the share for share .

[master rsi] 04/12/2019 08:32

A large buy size 61K paying premium 30.41p offer was 129.40p

[momentum1] 04/12/2019 08:21

Gold soaring, revised offer inbound. 140s coming later. Get buying.

[kennyp52] 04/12/2019 08:20

Blue blue blue .. all shorts to get burnt badly . If anything this has woken up the market which has continually undervalued CEY . 150 minimum IMHO

[johnrxx99] 04/12/2019 08:15

Endeavour are not in the same league as CEY. Looks like it's probably an Egyptian family fight.

[haughtonhoney] 04/12/2019 08:13

IMHO an excellent press release

[ramnik007] 04/12/2019 08:13

I think CEY have very strong points on why it being significantly undervalued and adds more risk given the huge debt of Endevour