Centamin Share Discussion Threads

[fenners66] 27/6/2020 00:51

Do their auditors ship files to India or other place to supposedly be tested ?
Once the testor is removed from speaking to the client to attempt to clear up issues as they arise there is always scope for answers to be missed....

[kennyp52] 26/6/2020 22:39

CEY to test 180 early next week . Decent RNS on H1 should move it up again.HGM looking buyable.

[kennyp52] 26/6/2020 22:38

Redbaron10 .. post 38206 .. interesting read . The big problem is these audit firms are full of drips that haven’t a clue about business and the incompetence is becoming the norm. So given this my view is that directors must be deterred with the threat of serious criminal charges because the auditors seem to be found wanting in too many cases of late and spiv directors are too arrogant for their own good .

[kennyp52] 26/6/2020 22:28

Azalea how do you explain POG $1769.70 ... I think you might be full of the soft and smelly lol. CEY holding at 177.80 with rise coming after the bell . Fundamentals are too strong for the market to ignore the profitability and cash generation of this business if anywhere near production targets . DIVIDEND paying. All this pontificating about charts and Covid is not that relevant IMHO.

[redbaron10] 26/6/2020 20:46

If Rishi Sunak cuts the VAT rate which is being mooted,then i will be buying physical silver for a period.

[djb3] 26/6/2020 20:46

Redbaron10 if that Armageddon happens everything will go down at first - just like in March.

[redbaron10] 26/6/2020 20:43

As far as i'm concerned the circumstantial evidence for impending financial armageddon will be when we see the end of adverts on SKY for firms like 'Rosland' Gold selling gold coins and bars and we see again adverts like 'We buy any gold' that we saw during the last financial crisis in 2008.When physical demand for gold outstrips supply and paper gold contracts need to be backed up by physical delivery instead of being financial instruments to be traded, then we will be truly off to the races.

[redbaron10] 26/6/2020 19:43

I see that EY is the frame again for the Wirecard meltdown as auditor.What with Thomas Cook,NMC Health (of which i'm a victim) and Luckin Coffee there are going to be a stack of impending lawsuits.No doubt the partners have taken out the majority of the assets in the way of pay and bonuses so there won't be a lot of compensation to be got by the plaintiffs.And then the lucrative big company audits will probably be farmed out to the remaining three big auditing firms.That's what happened after the demise of Arthur Andersons and will probably happen here if EY doesn't survive.Even if they do the reputational damage will be massive.Still i believe like Nouriel Roubini our old friend that we are seeing an oncoming collapse of the global financial system.The apparent frauds and alleged wrong-doings in these companies are the canaries in the coal mine.With zero or negative interests around the world and the global level of indebtedness i'm quite content to have my holdings in gold,gold miners and other PM miners.It isn't going to end well.Sorry to be so negative but it is hard to be that optimistic about anything at present.The news everywhere is bad enough.

[azalea] 26/6/2020 15:47

Moving on, I see that today's U.S. market indexes have fallen wiping out yesterday's gains, UK and EU indexes are close to doing the same, p.o.g. has fallen by circa $14 and the share price of CEY is currently down by circa 1.6%.

[larry laffer] 26/6/2020 13:35

Only if you are a special case......

Ordinary folk have to make do with a week on a ventilator if there’s one spare.

[azalea] 26/6/2020 12:32

The Epi_____ doctor speaking from Arizona, was talking about the known rise in infections, why would she be concerned about the number of people yet to be found to be infected? Meanwhile we have heard a woman reporter in Washington DC, express the concerns of many official sources over a serious underestimating of people infected, but yet to be confirmed by testing. Herd instinct numbers and how many millions will die before that is achieved?

FWIW, I think in the final analysis, if the number of deaths continue to rise unchecked and hit 140,000- 150,000. it might support the latter thinking.

[larry laffer] 26/6/2020 12:06

I believe the woman was talking about people newly infected or yet to be found to be infected.

And whilst the science is still being developed about how long immunity lasts after infection the general consensus is that there is a level of immunity achieved. Albeit it may only last 3 months according to the lowest estimate. Some studies got confused with people who still had the infection vs new infections.

Either way it doesn’t change the science. Every country wants at least 20m “infected̶1; in their population. Most countries are only going to get out of this by the herd immunity route. Hence my comment the higher the better whilst trying to keep deaths down to a number that means there are no “excess” deaths from here on in. We obviously cannot do anything about the 40,000+ that have already happened.

[azalea] 26/6/2020 11:57

LARRY
As I understood the figure of 20.2m, it included 18m who were suspected of being infected and yet to be tested. It is my understanding that those people who have been tested and found to be infected are by no means immune from dying from the infection; hence the number of deaths constantly rising,currently according to reports, circa 122,000. If this was not the case, why would an epidemiologist in Arizona speaking on TV today, say that she is VERY concerned that hospitals will be unable to cope with the 20% rise in the number of people becoming infected with the virus?

[rose_by_another_name] 26/6/2020 10:14

The chart shows the share price repeatedly
dropping back to the 50 day moving
average before surging back up. I am
out at the moment and waiting for a
re-entry point.

[larry laffer] 26/6/2020 09:51

Get ready for the great comeback..........back over 180 by mid afternoon.

[larry laffer] 26/6/2020 09:49

Azalea

Isn’t 20m+ Americans with antibodies a good thing. Much better than being without. Although how long immunity lasts for is still up for debate.

I bet that all countries would wish they had >60% of the population who have been infected and no longer vulnerable. That would mean the yanks need to get to about 200m.

[rose_by_another_name] 26/6/2020 09:48

Too many twos in that figure, should be 122,000.

[azalea] 26/6/2020 09:32

Kennyp52

Hmmn! I am not sure that is going to be the case. Its Friday and the share price has already lost all of its earlier gains; which suggests to me the ever present traders are not waiting to take their profits characteristically 5-10 mins before the close and instead, are taking them much earlier, ahead of the usual Friday pm stampede for the door.

The latest estimates of 20.2m Americans infected by the virus accompanied by 1222,000 deaths ,and the latest total of 47m people unemployed, is worrying.

[kennyp52] 26/6/2020 08:46

Breaking and holding 180 .. next leg up might be coming