Centamin Share Discussion Threads

[kennyp52] 28/7/2020 18:51

Is there a POG thread on ADVFN ?

[azalea] 28/7/2020 17:19

Well it looks like the F.R. is going to continue to print money in order to shore up the economy and the stock market until 31/12/2020. Since the 21/7/2020 the dollar has weakened against the Yen from 107.31 to 105.06, as of today. Sterling is steady at 1.29. All three main U.S. market indexes are in the red. This overall economic situation has caused the p.o.g to turn around from being down circa $1933oz early this morning, to now circa $1950oz. This week, there is a whole raft of companies reporting their Q2 results, profits and earnings will give a fair indication of the real economic picture.

[azalea] 28/7/2020 16:21

I think this time, after a lot of pfaffing about, the p.o.g. has got a grip of itself and will finally be heading for $2000.

[borisjohnsonshair] 28/7/2020 15:42

You are a twisted sicko though with your videos. Should get your PC raided. Wrongun wishing Brazilians die on other boards.

[martinfrench] 28/7/2020 15:36

for some bizarre reason the dollar reversed, gold stuck for now i think

[yorgi] 28/7/2020 15:25

Off topic if you will all excuse me but for England cricket fans ......congratulations to Stuart Broad on getting his 500 wickets and well done to him and Woakes for finishing off the West Indies today to give us victory in the third test 😊

[yorgi] 28/7/2020 15:19

😂 Don't write yourself off yet Chris but I do know the feeling 😊

One thing we can't complain about is how well CEY has done over the years from it beginnings at Sukari.

[chrismcglone] 28/7/2020 15:03

It’s only taken 20yrs for the share price to hit the target I set when I first researched this and bought in - altho, to cut myself a bit of slack, I think I did also say over the lifetime of the mine and we’ve still got a bit to go yet.

Given my advancing years, setting targets these days seems a bit pointless. Especially long term ones :-)

[martinfrench] 28/7/2020 15:02

not great consumer confidence number, 92.6, almost 2 points below forecast

dollar down, gold up, here we go again....

oh and maybe cey a little up

[martinfrench] 28/7/2020 13:56

managed "put"....funny

[azalea] 28/7/2020 13:37

The share price continues to be a bit of a Jack & Jill story, I hope Jack is going to recover and not break his crown.

Edit: Apparently he is well and climbing back up again,. fully awakened by the opening bells on Wall Street.

[yorgi] 28/7/2020 13:27

I have to say in total agreement all round with that Chris 😊

[martinfrench] 28/7/2020 13:22

azalea,

so if you dont copy and paste surely you are not writing this stuff out by hand ?? in 2020 ?

you must have definately been a public sector worker !

[chrismcglone] 28/7/2020 13:13

I would be quite content to see it consolidate at a new norm at the current levels yorgi. Obv for a producer like CEY, every extra $ on an ounce is profit so I wouldn’t knock it. But I’m getting a bit old for roller coasters these days. Slow and steady does me now.

[trader536] 28/7/2020 12:52

The above video explains how to copy and paste a link so you can share all your interesting videos here 👍

[azalea] 28/7/2020 12:42

trader536
Thank you for your post. Unfortunately, As you might already realise, I am not at all IT skilled. For simplicity's sake, anyone who want's to listen to A. M. forecast, all they need to do is google Alasdair Macleod - Price of silver and gold is infinity. I have used the latter only this morning to listen to him again to remind myself of the calamity that follows when Comex defaults.

[yorgi] 28/7/2020 12:13

All very good points Chris and I pretty much agree with all.....but whether gold will quite that high remains to be seen of course but I do agree we should see more upside and I don't see any logic for it falling.

[martinfrench] 28/7/2020 11:45

azalea,

Does Alisdair Macleod do wall posters, i need one for a damp patch in my bedroom.

If there is an amazon link pls attach (as your so refined in the art of pasting)

thanks in advance,

[azalea] 28/7/2020 11:31

Umat---
"If ever indeed". Without a dose of 0.5% rises in interest rates -never. what is on the virtual immediate horizon, is Alasdair Macleod's recent forecast on You Tube, that Comex will default THIS year. If proven right, it will(paraphrasing his words), send the p.o.g to infinity.

[chrismcglone] 28/7/2020 11:21

Yorgi, I was looking back at some of my notes from around my early days in Centamin and especially as gold started its rise from the lows and I was looking for around $3,400 an ounce - as an eventual high. Which factored in some inflation adjustment, other asset classes, Fiat circulation and (over) production and a decent ‘safe haven’ in troubled times factor. It ‘should’ be much higher but there is too much control and manipulation of markets to allow gold (and everything else for that matter) to find a ‘natural’; level.

I think conditions are even better - in terms of favourable for gold - than they were then so there is no reason for me to alter that original assessment, other than upwards. I do wonder however, at what level the big players, ie Governments and their pals, will step in to arrest golds rise, if it really gets up a head of steam.

Current political frictions could play a big role, eg if the Chinese or other big physical holders (so not the paper market) decided to use it to undermine the $. There is a growing list of countries who would be happy to see the $ lose its status - but only if there was a viable replacement which had the support and same confidence the $ has guaranteed all these years. That can’t be gold itself but could it once again play the role of guarantor?

Conventional wars are also gradually losing their appeal and effectiveness. Vietnam, Afghanistan, Iraq etc have shown that. The battlefield of the future is economies. Look what Covid has done to ‘The West’. Whatever, it’s going to be another interesting few years. Gold has woken from it’s slumber. So there’s a reason.

[yorgi] 28/7/2020 11:04

Chris the question is how high is gold going, which without a crystal ball is something we can only speculate on.

[chrismcglone] 28/7/2020 11:00

I didn’t quite catch the first offer of shares but wasn’t far behind. The most testing time was the first big pullback, from 80-20p. I was devastated. Sold a lot on the way down but still held on.

The quality of the analysis and research from some of the original posters on CHAMBEAJ Board was my introduction to investing proper and was incredibly helpful. I knew nothing about constructing a gold mine from scratch but by the end of construction, reckon I could have put it together myself :-). I still see a couple of them on here from time to time and they know who they are.

It looks like the gold bull is now confirmed and will have many years to run. If you can stomach the ride ahead, long term holders should do very well.

[yorgi] 28/7/2020 10:38

CEY has consistently done well over the years on all within their control and I remember the beginning of the journey.