Centamin Share Discussion Threads

[astjgroom] 04/12/2019 15:40

Told you not to sell monopoli! :-) get a short on quick!

[monopoli44] 04/12/2019 15:35

DOWN 1.80P AND MORE TO COME HA HA HA HA..............

[monopoli44] 04/12/2019 15:33

HA HA HA HA HA HA WHO WAS RIGHT AND I LIAR went I said I sold my position no boys I have them all 400.00quids a point now 1.55 down ha ha ha ha that will shut all of you dreamer.I did say SELL SELL SELL SELL YOU WILL NOW BURN ALIVE HA HA HA HA

[master rsi] 04/12/2019 15:27

I wonder how much manipulation is taking place in the stock at the moment, certainly Endevour does not want the stock to go too far up.
So in holding stock in Centamin is able to play on the order book to their interest ( manipulate )

[larry laffer] 04/12/2019 14:55

A5wab

Google form 8.3 & 8.5 explained

It’s part of the takeover code.

Pick a simple explanation not the ones detailing the far end of a fart.

Anyone over 1% has to declare.

Most of the form fillers don’t know how to complete it properly but you should get the gist of it from the actual forms and the explanation.

[cinquepercento] 04/12/2019 14:50

109 to about 128 is a nice profit of about 17.43%.

I would think that some of you would find that useful to take.

It will be interesting to see how high or not,this goes before the eventual profit taking and a fall back to get back in.

[a5wab] 04/12/2019 14:37

I've never been involved in a company hostile takeover, these 8.3&8.5 forms that are coming through via RNS, am I right in thinking Endeavour already own a large chunk or am I misinterpreting procedures?

[dmitribollokov] 04/12/2019 13:38

Breakaway gaps don't...

[sg31] 04/12/2019 12:38

I don't think Endeavour is a company Centamin should consider getting in bed with.

The offer does however put Centamin into play and a few other companies will be casting an eye over the company to see if they should put in an offer.

[kennyp52] 04/12/2019 12:36

Monopoli had to sell to close his short . Going to have lost a LOT of money ... good riddance . Hate these kind of parasites that try to influence PIs via the boards . Centamin share price hitting 130 backing up many investors opinion the offer , which equated to about 124p was WAY TOO LOW for this cash cow .

[ukgeorge] 04/12/2019 12:32

The share price will probably pull back now haha

[davius] 04/12/2019 12:27

From the FT

Centamin should Endeavour to listen to offer

Merging gold miners brings benefits to both sides

Perhaps it’s not surprising that gold miner Centamin’s board tuned out when rival Endeavour Mining came a-wooing. Pessimists complain about the noise when opportunity knocks, quipped Oscar Wilde. And Centamin’s bosses are right to be pessimistic about their pay and provisions if the two groups are smashed together, as Endeavour of Canada would like.

This autumn the Shareholders’ Gold Council, whose members include billionaire Naguib Sawiris, moaned about gold groups’ profligate spending on salaries and administration compared with miners of less shiny metals. The Sawiris family, a prominent Egyptian dynasty, is Endeavour’s biggest shareholder. And Endeavour, which has mines in Mali, Burkina Faso and Côte d’Ivoire, targets all-in production costs below $850/oz. Centamin’s have risen above $900/oz.

Once, Centamin was a byword for quality among gold bugs — it had a top-class, low-cost, long-lived asset in Sukari, its open cast mine in Egypt. It had no debt, generated cash and paid a dividend. But ore-production peaked three years ago at about 551,000 ounces. And, while the rise in the gold price above $1,480 has lifted all gold miners’ shares, it has done little to prop up Centamin’s slipping profitability.

Yes, Endeavour — which will gain a London listing — is being opportunistic. Centamin’s board says its offer — which represents a 13 per cent premium to Centamin’s price on Monday and would give Endeavour 53 per cent of the merged company — tilts too much towards Endeavour’s shareholders.

However, Centamin shareholders have reasons for optimism. It has been a single-asset business with persistent production problems. Merging the two groups would bring diversity to both, boost their share of a consolidating market and plug a management void at Centamin. And Endeavour says it could sweeten its offer if Centamin’s board agree to take tea and talk.

The pessimists at Centamin will still rail about the noise of Endeavour rapping on the door. But they should resist the urge to block their ears and hope the problem goes away. If Endeavour loses interest, rivals — including Mark Bristow, swashbuckling boss of Barrick, the world’s second-biggest gold company — may come a-calling. And like the postman, callers in the mining sector can knock twice.

[momentum1] 04/12/2019 12:24

What's that smell

[adg] 04/12/2019 12:22

monopoli money burning....... i found out recently its not real money anyway .....
goodbye - you wont be missed....
one of advfns many weirdo muppets - what gets people off never ceases to amaze me..

[monopoli44] 04/12/2019 12:19

well I am off SOLD.

[master rsi] 04/12/2019 12:19

re -" They say the proof is in the pudding" Monopoli44 says.

I say: second day with egg on the face for you.

130p as an "AT" now

[squintyflinty1] 04/12/2019 12:18

Monopoli....Did you close your short as I advised you to do ?

[ukgeorge] 04/12/2019 12:15

sniff sniff........is that the smell of Monopoli burning.....say good bye to your student loan....

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

Gold Price Futures (GC) Technical Analysis – $1495.30 Potential
Based on yesterday’s price action and the current price at $1485.80, the direction of the February Comex gold futures contract the rest of the session on Wednesday is likely to be determined by trader reaction to the short-term 50% level at $1489.10.
FX EMPIRE - James Hyerczyk - Dec 04, 2019

Gold futures surged on Tuesday in reaction to a plunge in U.S. Treasury yields and a steep sell-off in the major U.S. equity indexes. The safe-haven Japanese Yen and Swiss Franc also posted strong gains against the U.S. Dollar, driving up demand for dollar-denominated gold futures.

Comments from U.S. President Donald Trump were the catalysts behind gold’s rally. He raised doubts over U.S.-China trade relations after he said a trade deal with China might have to wait until after the 2020 U.S. presidential election.

At 03:27 GMT, February Comex gold is trading $1485.80, up $1.40 or +0.10%.

Appetite for gold was also boosted after Trump on Monday said his administration would impose tariffs on metal imports from Argentina and Brazil and likely would impose more on a range of French goods.

Monday’s weak U.S. manufacturing report also continued to underpin gold prices. The U.S. Institute for Supply Management said its index of national factory activity fell to a below-forecast 48.1 in November, indicating contraction in the sector.

Daily Swing Chart Technical Analysis
The main trend is up according to the daily swing chart. The main trend changed to up on Tuesday when buyers nudged through the previous main top at $1486.00. The main bottoms supporting the rally are at $1456.60 to $1453.10.

The nearest support is a long-term Fibonacci level at $1477.30.

Short-term resistance is a 50% level at $1489.10. Longer-term resistance is $1495.30.

The main range is $1571.70 to $1453.10. Its retracement zone at $1512.40 to $1526.40 is a potential upside target zone.



Daily Swing Chart Technical Forecast
Based on yesterday’s price action and the current price at $1485.80, the direction of the February Comex gold futures contract the rest of the session on Wednesday is likely to be determined by trader reaction to the short-term 50% level at $1489.10.

Bullish Scenario
A sustained move over $1489.10 will indicate the presence of buyers. The first target is $1495.30. This is a potential trigger point for an acceleration to the upside with $1512.40 the next major upside target.

Bearish Scenario
A sustained move under $1489.10 will signal the presence of sellers. This could trigger a break into $1477.30. Since the main trend is up, buyers could come in on a test of this level. If it fails then look for the selling to possibly extend into a minor 50% level at $1472.10.

[master rsi] 04/12/2019 12:07

Trying the move UP above the 128p support and yesterday UT closing

[larry laffer] 04/12/2019 11:53

Centamin rejection of endeavours “offer” is just simply holding a for sale sign up in the hope of attracting a bidding war.

Strap yourself in, sit back and be prepared to pull the plug north of 150p.

[squintyflinty1] 04/12/2019 11:53

And the Falklands

[phillis] 04/12/2019 11:51

Squinty

and Argentina!