Centamin Share Discussion Threads

[azalea] 17/7/2020 14:30

stevedaytrader
I do not pick 100's of experts and just quote them, I listen to and otherwise read all the statements made by a limited number of authoritative people from a variety of backgrounds reporting on financial matters that are of interest to me. The only reason I make partial quotes(it being totally impractical to quote the contents of the reports written by the likes of Alisdair Macleod, Edward Altman and other sources, is to give posters a flavour of what they are saying.

Irrespective of your handle, I see no value in your reporting on this or any other thread, blow by blow accounts of your buying and selling activities, which neither you are likely to prove, or readers could disprove. At the height of my investment days, I made so many trades in the year, that for tax purposes I filled 3-4 lined sheets of A4 paper, So much so, I had a call from a broker who sought to get me to switch to his online trading company in order to get the not insignificant commission fees.

As for your claim of my being contradictory in my posts(which in the context of financial issues I do not accept), how nit-picking can you get? I think the best thing for us to do, is to ignore each other's posts by the use of the filter.

[martinfrench] 17/7/2020 12:46

far more likely to yesterdays increase / rebound in the dollar price, plus perceived lack of momentum in the gold price going fwd, on no real gold drivers needed to take it to to next level.

but wtf do i know.....must watch more youtube gold videos, then i would really know.

[stevedaytrader] 17/7/2020 12:44

Yes Kenny, 4th Aug in my diary too :-).

[martinfrench] 17/7/2020 12:34

yeah, must be that

[azalea] 17/7/2020 11:15

Assuming that you sums are right, anything near that div, will suit me just fine.

After a fall of circa $15 in the p.o.g. yesterday, its coming back up at a steady pace. In wondering what caused the fall, could it be that traders using their stimulus cheques to buy gold stocks are now having to sell them in order to meet living expenses and mortgage repayments on ! August , when the cheques stop and the latter resumes?.

[larry laffer] 17/7/2020 10:52

Re divi H1

Q1 free cash flow = 45m
Q2 free cash flow = 56m

Total H1 FCF = $101m

Cey are committed to paying a minimum of 30% to shareholders. So

( $101m x 0.3 ) / 1,156,000,000 = 0.08788 USD

Call it 0.07 GBP.......or 7p in layman’s language.

The only thing left to decide by the board is whether they increase the %age payout. They have done so in previous years so it’s not as though they have no track record of doing so.

Anybody else want to have a guesstimate.

[azalea] 17/7/2020 10:48

tuffness
You tube is merely the messenger, you need to read the substance of numerous presentations, before shooting the former.

[luffness] 17/7/2020 10:42

Ah YouTube - most be true then

[azalea] 17/7/2020 10:38

Ashwani01
You Tube is awash with pundits forecasting the demise of the dollar and the rise in the p.o.g. So I am resigned to believing its a case of not IF, but when.

Only this morning on You Tube, I came across perhaps the most comprehensive report I have ever read, by Alisdair Macleod, describing how the demise of the dollar will come about; but that was merely the prelude to describing events relating to the title of the report - The Pound/s future in a Dollar Collapse. Unfortunately, I have failed in finding the report again, as I now have time to read the latter half. If you come across it, its worth reading.

Edit: I have just found the link on Useful gold thread Petebarnes35 post 254.

[trader536] 17/7/2020 10:11

I find kamagra 100mg pill is far more potent than the 100mg gel. If you dont get too drunk or do too many lines you can usually get 3 rides outa one pill

[ashwani01] 17/7/2020 10:10

Talking about the 'apocalyptic' scenario, this article was on Kitco this morning. Same theme, there will be a lot of other personal, social, political problems to deal with so let's not wish too much for the collapse of the world financial order. https://www.kitco.com/commentaries/2020-07-15/What-if-gold-does-go-to-5-000-or-10-000.html

[kennyp52] 17/7/2020 09:45

CEY dividends ... we could be looking at a full year dividend of 20/25c IMO . That’s a pretty good dividend return at the current price and it is possible it could be a lot higher . 10c payable on H1 with H2 more cash generative and possibly pushing toward a 12/15c divi . All IMHO.

[kennyp52] 17/7/2020 09:14

Azalea ..if the dollar fell 35% it will be the end of the world . US will pick a fight with China and Russia and your “boom” won’t be the monetary type . So why not give it a rest ... you have sprouted this consistently , everyone got your message , not many taking any notice . One trick pony .

[azalea] 17/7/2020 06:34

In the early hours this morning I caught what I presume was a repeat of yesterday's Boom Bust programme broadcast after the close of the the U.S. stock market. The programme covered a number of topics ranging from statistics relating to the surge of virus infection rates and resulting deaths in the U.S., to a rise in copper prices. One of the guest speakers was no less than the man himself, Peter Schiff, who was asked for his thoughts about the uplift in the value in the U.S. dollar. His reply was that the attraction of the dollar to foreign investors was the mystic it held in being the global reserve currency. He then went of to say that he believed they were making a mistake in buying the dollar, because its value would " fall through the floor". I was so preoccupied with that statement, I can't remember if he put a timescale on that event. However, having made such a stark statement, he joins Stephen Roach, who just a few weeks ago predicted the value of the dollar would fall by 35%. IF anything like that devaluation were to happen, then certainly from Peter Schiff's standpoint, the p.o.g would go in the opposite direction - through the roof.
Interesting times ahead.

[kennyp52] 16/7/2020 23:03

The next real news ...

04AUG2020
Interim 2020 Results

Predictions of profit and interim dividend ?

[martinfrench] 16/7/2020 20:43

Saying I don't care on what is supposed to be company thread about someonez medication makes me a peasant ? Since when have you been board moderator.

Medication discussions have no place on here and should be personal anyway, but Azalea seems an attention seeker.

You 2 could always start your own thread ?

[stevedaytrader] 16/7/2020 18:39

You miss the point Azalea- we can all pick on the 100's of experts and just quote them- I read all posts but take note of those who interpret all the info they have from all the experts they follow, then with knowledge outside of the experts field from an another expert, made a judgement- all experts are wrong at some point and tend to only take note of their own parameters. When making investment decisions, I take a balanced view. Remember, most experts are paid to be so, and you can find many with differing opinions. You have to have a wide scope and stick with it- apart from my last posts- if you look back at history, I have posted when I bought and sold (and posted the minute after doing so, I didn't just wait a few days and then hindsighted my publication of my decisions). I only invest in companies I know well, and have been very profitable in doing so. I can't see why you post here, as most are contradictory. Please take this as it is intended, to help. Of course I do regularly pit myself against experts due to their contradictory nature- we all do. Based on your view we would not have seen the profits we have in the past few months. What I can't understand is, if I held your views, I would not hold this stock, and just buy gold bars instead.

[azalea] 16/7/2020 17:25

Steve
If your post 513 is directed at me, then my response is simple, each to their own. If the "man" you refer to is Edward Altman, then all I can say is, IF you want to pit your financial skills against him, your welcome.
Likewise, if you prefer to pit your own judgement against a wealth of serious pundits who are well versed in what makes the U.S. economy tick and have forecast the consequences of the Feds printing trillions of dollars and the millions of dollars(stimulus cheques) given to the unemployed on top of their basic benefit monies, whilst asset management companies have falsified claims for loss of earnings due to the virus; then your welcome.

Gold, has been the universal currency for centuries and for that reason it will survive if not flourish in price in the event of a U.S. stock market crash. Differing opinions express in a polite and constructive manner, are always welcome.

[dudishes] 16/7/2020 14:40

Sold 189. Was long from 142 & 147.

Think actual SH's in for a decent divi 16/17c or so. nice one.

If reach 200p I may be back?

[martinfrench] 16/7/2020 14:40

your not the messenger though are you azalea, its not a message just an opinion, a very exaggerated one at that

oh and then there are the meds discussions....yawn, no one cares how you get out and about tbh

i think you have made your point

[stevedaytrader] 16/7/2020 13:32

The problem with your post and why i’m guessing people get annoyed as it’s not added to/ balanced- for example the last post. What the man fails to add is the obvious which i’ve already stated- 1) some companies will mop up as other fail and when virus is out of the way their share market will be greater so they will be winners 2)qe makes borrowing incredibly cheap 3)at any point, should a vaccine/controls be deemed ok a bounce will come 4)people don’t want their money in cash as it gives little or no return with low rates 5)fomo of a bounce, we already seen great gains since late feb when the markets plummeted - gold, of course is doing well due to rates and qe. Gold stocks
will plummet with all other stocks in a market crash, gold also drops initially in this situation as no assets are safe from
liquidation. This is just a tiny few of the complexities- for traders I have a number of other things at a micro level I track on when to buy and sell- over the past years many have been posted here. Banks are not i trouble like in 2008- they are being very accommodating to their clients. This virus generally seen as a temporary situation. I’m not saying there will not be another large dip, but if i thought it was imminent there is no way i’d be holding this stock- I’d sell the lot immediately. USA jobless data out imminently...

[azalea] 16/7/2020 12:31

Umat--
Believe me, I have no intention, need or interest to bait anyone. Remember the old say 'Don't shoot the messenger'. In my 510 post, I have merely presented an edited version for the sake of brevity, key elements of what Edward Altman and the IMF are saying.