Centamin Share Discussion Threads

[martinfrench] 03/8/2020 15:20

and can anyone ever state where that money went ?

No, so what a complete waste of time. knowing labour, an extra wide screen tv for all

good effort gordon, legend.

[skinny] 03/8/2020 15:14

Yes, he loves being reminded :-

.

[rose_by_another_name] 03/8/2020 15:07

Remember when Gordon Brown abolished the stock
market boom and bust cycle and sold all our gold
at $230 an ounce? That's when I started buying.

[azalea] 03/8/2020 14:56

Larry
If A.M.prediction is realised, then because of the widespread consequences, who knows how high the p.o.g will go. Even without the latter, we have the BoA forecasting $3000 whislt individual pundits are forecasting $4000 and $10,000, the latter linked to the value of the dollar falling by 35%.

Even IF a gold deposit worth mining is discovered. All told, it would costs millions of dollars to find it, develop it and produce gold in meaningful quantities, not forgetting the timescale involved.

Other than silver, in terms of a currency there is no alternative to gold, as history has proved.

As a guest on the recent Kaiser report programme stated, just about everyone is talking about gold, whilst for the first time pension funds, foreign banks and private wealthy individuals ARE buying gold.

The fundamental value of gold is that whilst currencies have come and gone, gold has been the universal currency for centuries.

Lets see where the p.o.g is in 6-18 months and then when you look at yourself in the mirror will you be looking at a very astute face, or a fruit and nutcase!?

[skinny] 03/8/2020 14:24

No - they are current - not predictive and no inflationary element.

[larry laffer] 03/8/2020 13:17

Azalea

If gold is going to infinity at what point will you sell yours.

The reality is that as the price surges more mining operations will start up or restart production. That will tend to stop or slow the rise.

Consumers of gold will switch to alternatives or stop buying altogether which also slows or stops the rise in golds price.

If your theory was anywhere near correct everybody and their dog will buy a couple of bars of gold now and shove it under the mattress.

Next week we will have a poster on here claiming gold is about to go to zero.


If I wanted wall to wall fruit and nutcase videos I would subscribe to YouTube and stop looking in here altogether.

[azalea] 03/8/2020 13:13

Skinny
Am I reading the graphs correctly, which are saying where the p.o.g. is heading, if inflation since 2011, was taken into account?

[azalea] 03/8/2020 13:03

Ashwani01
I am just the messenger. The term you refer to is what Alasdair Macleod used during his interview with a man who struggled to fully grasp the implications and consequences of what A.D. was saying. So much so, he had to stop A.D. several times to clarify what the latter was saying.

[ashwani01] 03/8/2020 12:47

Azalea, That is a good simple explanation of where we are and I agree with it. That's why I am 100% invested in Gold and Silver currently.Though I regret "pog going to infinity" appearing here. Is rather fanciful, has clouded the main points and sent everybody off on a tangent.

[alangriffbang] 03/8/2020 12:20

RPT REGAL PETROLEUM this has been posted on many sites ,ignore !

[petercrosby] 03/8/2020 11:17

Gold at infinity is worthless as noone could afford it

[martinfrench] 03/8/2020 11:13

good point rose, if being very slightly pedantic

the trouble is with suggesting crazy gold scenarios is that yes, while we know everything points to gold going higher, every new scenario that it enters (like previous large bull runs) are equally as indeterminate and unpredictable as to the solutions at this point, and that will dictate more than anything else where gold will ultimately end up.

will centamin break 210 if gold hits infinity ? If it does hit infinity i dont think you could run a smooth mining operation very easily lol

[ballymoss18] 03/8/2020 10:35

I think you mean TXP

[rpt_regal_petroleum_buy_now] 03/8/2020 10:20

Buy JKX - best buy at the moment in O+G sector.

Up yesterday against market trend, up again today 50,000 buy just landed.... Stock is tight.

11,000 boepd production|||pe 2.6 ||| price to book value 0.20 ||| Return on Capital. 14.4% ||| Return on Equity 12.3%. |||Operating Margin. 31%. |||book value £146m ( present MCap £30m!)||| earnings yield 125% |||book value per share 85p |||EV £19.9m |||debt free |||cash rich ||| Gas prices rising

[juju44] 03/8/2020 10:13

Macleod been spouting this for the last 10 years . You would have lost a fortune if you had followed his advice.

[rose_by_another_name] 03/8/2020 10:06

If the price of gold goes to infinity, there
will be no point in owning more than an ounce.
An ounce will be worth infinity, and so will
a ton, or a million tons. Alisdair Macleod
demonstrates his lack of mathematical knowledge.
Infinity is not just a big number.

[azalea] 03/8/2020 09:49

It comes as no surprise to me to see the share price up, despite the p.o.g, down circa $3. I added this morning in anticipation of Alasdair Macleod's prediction that Comex will default this year, becoming a reality; with as he put it, "the price of silver & gold is infinity".

[phillis] 03/8/2020 09:19

Especially as we only get half the earnings!

[retroz3] 03/8/2020 09:11

Tomorrow's earning's report should put a floor under the share price?

[azalea] 03/8/2020 08:12

A wide spread indicated on my dealing platform, but cannot get a quote online.

Edit: Sorted itself out. Sp up, despite p.o.g , down a few $.

[redbaron10] 01/8/2020 23:15

Apple a $1.84T mkt cap company which means it is worth the equivalent of giving every US citizen $5,500 each.Microsoft,Amazon and Alphabet(Google) also have market caps over $1Trillion.Oil ended up with a negative price for a day at the end of a futures contract during the pandemic.US GDP fell 35% for the Q2 of 2020.US unemployment had its biggest ever increase on record.Gold prices are at all time records.US yields at lows........we are living through extraordinary times.Economics eh? I would love someone to rationalise everything that is happening now.Fundamentals? Is inflation inevitable now? Governments would like some inflation now to help pay their debts which are becoming vast.Inflation will be great for gold.Stagflation even better.Travel,retail,hospitality,even manufacturing are losing hundreds of thousands of jobs.I was always told that the benchmark for the health of any economy lay in the strength of a country's banks.If that's the case then the global economy is screwed.It's all ESG investing now.....apparently.Centamin getting their solar plant up and running will tick that box.Another interesting fact i have learned is that less than 0.5% of global AUM is in gold.Oh well.Gold ETF inflows are growing still.We're forever blowing bubbles.Let's hope the tech bubble(imho) doesn't blow the gold price away.