Centamin Share Discussion Threads

[martinfrench] 26/5/2020 10:54

anyone else always getting mkt best quotes ??

[larry laffer] 26/5/2020 10:36

Closely tracking the spot gold price.

[rose_by_another_name] 26/5/2020 10:31

As always, if I get my limit buy I feel
it's a mistake but if I miss I would be
disappointed. This time I got it but the
SP has continued down.

[larry laffer] 26/5/2020 10:25

Same here but 160p assuming a gradual drift down.

A big daily drop of some sort, presumably tracking gold and I might revise that lower.

Wait and see game.

[rose_by_another_name] 26/5/2020 09:59

I have a buy order in at 172.

[geckotheglorious] 26/5/2020 09:33

Of interest to some perhaps...

"Centamin Egypt: A Strong Start To FY-2020"
Summary
Centamin Egypt reported quarterly gold production of 125,000 ounces in Q1 at all-in sustaining costs of $902/oz.

The company continues to have one of the strongest balance sheets in the sector, with cash and cash equivalents of $379 million.

Despite the COVID-19 challenges, the company has maintained its guidance, and has seen minimal affect to its operations to date.

Based on the company's fortress-like balance sheet, industry leading dividend and attractive margins, I continue to see the stock as a Hold.



Anyone else getting itchy feet at current levels?

[kennyp52] 25/5/2020 09:11

I fear the boat has already sailed at AAZ. I agree it has improved its balance sheet substantially in the last 2 years but it does still have debt ... just not loan debt. I refer to the government share of sales but you could discount that to a certain extent with governments supporting Covid hit businesses around the globe .

[sotolo] 24/5/2020 09:13

ASUS you are looking backwards This year’s PE at current output ais and gold price is around 12 not in the 30’s, which is why fairly priced and should rise with gold

[sparkey_two] 23/5/2020 14:17

One of the better AIM shares is AAZ. Debt free and dividend paying with plenty of exploration news on the way over the next few months.

[dudishes] 22/5/2020 13:20

Rose,

Did the same with HUM.

Last time I got sentimental over an AIM outfit, I lost £14K!

That will not happen again.

cheers

[dudishes] 22/5/2020 13:13

Rose,

No, most AIM LTH's lose.

Besides, could be construed as facetious.

No offence intended.

Cheers

Dud

[larry laffer] 22/5/2020 11:56

The share price does seem to be tracking the Spot price but lagged slightly.

Does anyone think there is enough of a lag between the two to profit from Very short timescale selling and buying CEY using spot gold as the trigger. I.e falling spot sell CEY, rising spot buy CEY. Don’t hold for any longer than a few hours.

[ashwani01] 22/5/2020 09:56

Well done Dud. Was reaching the conclusion that maybe time to slowly extract my large position too. Have big profit at stake also on long holding. Still feel it has further to go, economy signals, but been here before and forfeited all gains.

[rose_by_another_name] 22/5/2020 08:20

No good wishes for long term holders?

[dudishes] 22/5/2020 06:06

G'day,

Revealed my position 142 & 152 (post 17422). Despite flack challenged results (EBITA, get up to date and in line and all that (no shadows etc...), Co, living on a wave right now.

Sold 18 may @ 178, 60pts. That is £60K. spreadbet,(not one to wait for a divi).

New posn could be enacted, but on the sidelines for now. Good luck short term holders, in and out shake it all about!

cheers

Dud

[ashwani01] 21/5/2020 15:13

Struggling a wee bit today

[plat hunter] 21/5/2020 09:14

Indeed uncle Kenny

[kennyp52] 20/5/2020 17:16

Nice Plat . You listened to Kenny boy at long last 🤡 . I think this is still a great share to be holding in these times if you don’t want to go cash . Bit of pump , dump an buy back going on by the looks of the last few days . Might join in the action . Either way even if gold just holds above $1450 for a couple of years this will be giving a very good rate of return against the prospect of negative interest rates and FTSE100 companies not paying dividends while they rebuild balance sheets . Like I said before ... where else do you put your money ? Maybe the FTSE100 companies are undervalued but with no dividend how long will a recovery of share price take ... if it does . CEY cash rich , profitable and lots of resource untapped . HGM also solid in my opinion.

[yorgi] 20/5/2020 14:31

Get a life Asus

[bulltradept] 20/5/2020 14:21

? What with unlimited printing? Nah, not this time, have a look at all gold stocks across the board, most are at or near all time highs for a reason.

[asusasus] 20/5/2020 13:59

Short it. Overvalued on every metric.

[ashwani01] 20/5/2020 11:38

And the rest is history ? Agree with all you say.

[bulltradept] 20/5/2020 10:24

Given where we are in the world, if this starts to break over its 2010 high, all bets are off.

Negative interest rates, printing to the moon, this has to be good for gold miners.

The only fly in the ointment might be that countries where the mines are, could want more of the pie.