Centamin Share Discussion Threads

[adg] 08/7/2020 07:22

The POG drop was a “gargantuan221; -0.15% overnight...
Hardly even worth mentioning - have you got your decimal places confused?

[azalea] 08/7/2020 06:38

I think holders, if not traders, who were at work yesterday and did not see the positive turnaround in the p.o.g. until they got home, could be taking profits this morning when they see the the p.o.g has begun to fall back overnight.

[spacedust] 07/7/2020 19:02

Yes she will and she does there no stopping her

[stevedaytrader] 07/7/2020 18:25

Will she blow 1800 today :-)?

[azalea] 07/7/2020 16:05

Ah, the Feds. Thank you.
Well given the fall in 2 out of the three US.indexes, whatever was said, did not please companies and their share holders alike.

[c9ajl] 07/7/2020 15:48

The Fed - Federal Open Market Committee - Federal Reserve

[azalea] 07/7/2020 15:43

martin FOMC?

I think that is it for the p.o.g . I expect traders to move in to take profits before the close.

[martinfrench] 07/7/2020 15:23

fomc member clearly said something at 2 pm.....anyone know what, more easing ?

[azalea] 07/7/2020 14:42

The $600 paid to the U.S. unemployed, on top of the regular benefit, will expire this month. Given that the unemployed numbers are expected to go back up following the resurgence of covid-19, with lock downs being reimposed, if the $600 extra payment is not continued, it could well worsen the real economy as opposed to the stock market, which is being prevented from crashing by the Feds pumping in trillions of dollars in recent months. Resulting from the significant rise in infection rates in several U.S. states, Goldman Sachs has lowered its outlook for the U.S. economy from a 4.2% contraction to 4.6%.

Interestingly, whilst,Morningstar is showing the DJIA and Nasdaq indexes currently up 459pts and 226 pts respectively, the S&P 500 is showing zero movement. At the same time the p.o.g. is seen to have regained all of its earlier losses today and in slightly positive territory. A scenario that has not gone unnoticed by those trading CEY share price

Edit; Whoops, just took a second look at the indexes, DJIA S&P 500 and Nasdaq are all in the red, and the p.o.g. is up circa $8. What is going on?

[azalea] 07/7/2020 11:28

With both EU and UK stock market indexes all in the red today, with LSE listed companies reporting significant poor results and business trends, which are most likely mirrored by EU companies, due to covid-19, I expect companies in the U.S. to report similar problems as they report there results in due course.

[azalea] 07/7/2020 10:31

Given that BoA, Citibank and half a dozen financial pundits are predicting a very significant rise in the p.o.g this year -$1800+ and $2400+ in 2021, with a strong expectation of a severe retrace in the US markets, despite the Feds pumping trillions of $ into it; CEY is my sole investment.

[larry laffer] 07/7/2020 09:52

Azalea

I hope so

But I have already got all mine until after the Monday RNS.

Ideally looking for a share price around 220p, a bit of wishful thinking there. But a stonking good Q2 and it could get up there if It’s coupled with a $1800 Gold price.

AISC is going to be up on Q2 due to the lower tonnage.
Lower grade ores ( compared to underground ores ) from open pit. These were above expectations in Q1 so let’s hope that continues.

A chance of an increase in H1 2019 divi of 4c.

A high average realised gold price for Q1 & Q2.

Q2 average gold price was $1710. It was $1587 for Q1.

Base case was $1250 ish so good improvement there.

[azalea] 07/7/2020 09:36

Larry
The dip this morning presents a perhaps never again opportunity to buy into CEY before its share price hits that 200p mark and beyond.

[kennyp52] 07/7/2020 09:03

Production , as always , will probably be key to the next move in the SP

[larry laffer] 06/7/2020 21:40

Kenny

Hope there’s enough steam to get us over 200p by Friday noon. No doubt there will be the usual profit taking Friday afternoon. I’m banking on the 110k being a relatively easy target to hit. Even without much underground tonnage.

[kennyp52] 06/7/2020 21:01

Strength building towards the Production then financial RNS . Could bode well for another leg up on the SP

[azalea] 06/7/2020 14:24

Citybank has joined the mainstream of gold bulls, raising its forecast for the p.o.g. this week with a 3 month projection of $1825, with analysts expecting the p.o.g to eclipse $2000 early 2021.

Meanwhile SCMC Capital, founder and CEO, Massimaliono Bondurri, told Bloomberg he thinks the p.o.g. could hit close to $2000 by the end of this year and could rally further due to dollar weakness. the latter reinforces the /forecasts/predictions of Peter Schiff and Stephen Roach - he has predicted that the value of the dollar will fall 35%.

[azalea] 06/7/2020 13:36

P.O.G. up through the $1780 level, $1850 by the end of this month? This time round, traders and sellers could get their fingers singed..

[azalea] 06/7/2020 12:57

Skinny

iDealing.com Ltd.

Having only very recently returned to specifically invest in this FTSE 350 gold mining company, I reopened my old A/C with them, which I first used when I started buying shares on the internet- night into day.

[skinny] 06/7/2020 12:15

From memory (I've had it for so long), I'm a silver member which gives me live prices with no timeouts.

[martinfrench] 06/7/2020 12:04

who are you with azalea?

skinny,

not that i am going to bother paying it, but what does premium membership give you, just access to premium chat boards ? surely not

[azalea] 06/7/2020 12:03

Skinney & Martin
I put an order in and got the price I wanted. I have bought for just one reason - the directors have collectively been buying literally millions of shares at significantly higher prices. This is not to be construed as a recommendation on my part. DYOR. Definitely. END OF.