Centamin Share Discussion Threads

[creditcrunchies] 16/11/2020 22:16

Any Endeavour bid will be bad they just bid low like they did last time in 2019 it was an awful deal for shareholders then, that was with positive news in the pipeline this time the near future isn't so bright. If I remember correctly they bid the current market price basically valuing the company a basket case. It was similar price action as well before they bid it was like they drove the share price down as low as they could so don't be surprised if it hits 90p

[kennyp52] 16/11/2020 21:32

Will you Dmitrinobollok if it does not test 90 ? 🖐 followed by 🖕🏻

[dmitribollokov] 16/11/2020 20:51

Quark3 - Will you equally hold your hand up if/when this tests 90p support? No, i imagine not...

[grahamburn] 16/11/2020 20:31

Re: 41818

It is very unlikely, IMO, that Endeavour will mount another bid for Centamin now that it has done a deal. Not only is that deal a large one, but Endeavour has also committed to investing a significant further sum in the business.

[quark3] 16/11/2020 20:29

I'll remind you of that comment on December 2nd when share price is 1.30

[clarky111] 16/11/2020 18:53

Umatingtide....are you unable to think for yourself? As I said 99.8% survival rate for covid average death 82...vaccine 7 months of testing when recommendations are 10 years. So many vaccine horror story nearly al vaccine producers have been sued hundreds of times and your saying I need to take my pills you must be a bit or if not a lunatic

[trader536] 16/11/2020 18:48

If you lose 50% you need to make 100%

Trading is a simple game of percentage differential but most can't see it, they cut winners at 10% or so and hold the losers. Result is huge losses.

Its far more profitable to cull the garden weeds before they cause damage, then allow the flowers unlimited growth

[kfr20] 16/11/2020 18:23

Would an offer from a potential suitor be rejected a second time I wonder. It's a long back to £2 from here and whilst no one can doubt the quality of its assets, CEY is extremely vulnerable to a low ball bid. FWIW, I think it might go to around £1, as per chart. Desperately disappointing in a bull market.

[juju44] 16/11/2020 18:17

Down 50% in a raging bull market makes this about the worst major miner in the market

[clarky111] 16/11/2020 17:42

With a 99.8% survival rate that the same as a comm9n flu and an average age of death due to so called covid if 82 years. Only an u informed fool.we take the vaccine. Just resently 80 persons died of the flu vaccine in Korea a flu vaccine that's been through years of trials...i suggest people do proper research and not Google search. The only persons who might co sided a vaccine are the very old and vulnerable. No need for the rest of us..this go ernment down at give a monkeys about us if they did they would have put vulnerable old persons I to nursing homes at the beginn8 g 9f this covid. One might argue and I know there are court cases co.ing of government genocide and treason. Not just in the UK but many other western countries....protect yourselves and your children from this tyranny

[tubbenden] 16/11/2020 15:26

I have added 4K only today

[ukgeorge] 16/11/2020 15:22

I just added 7k shares, as much as the last few months has been a complete car crash there is the life of asset review due on the 2nd December and surely there is now some light at the end of the tunnel in terms of sorting the pit out.

Gold is still holding up and all the reasons to hold it remain in place.

So risk reward hoping that now is a time to be adding.

[geckotheglorious] 16/11/2020 14:13

Chance of Endeavour bidding, who knows....
See largest shareholder.
Short term,Endeavour will be busy with this...
Long term, their largest Egyptian shareholder will probably want to buy CEY....



"Gold producers Endeavour and Teranga strike $1.9bn deal"
West Africa-focused gold producers Endeavour Mining and Teranga Gold are to join forces in a $1.86bn deal ahead of debuting on the London market next year.

Under the deal, Canada’s Endeavour will acquire all of the issued and outstanding securities of Teranga. Endeavour will pay 0.47 of its own shares for each Teranga share, a 5.1% premium to Teranga’s Friday closing price on the Toronto stock exchange.

Existing Endeavour and Teranga shareholders will own approximately 66% and 34% respectively of the combined company.

Endeavour’s biggest investor is Naguib Sawiris, the Egyptian telecoms billionaire. He will own 19% of the combined business, and has committed to invest $200m through his La Mancha vehicle

[stevedaytrader] 16/11/2020 13:31

Once positive news is confirmed from
rumour on licences, will most likely rise- wouldn’t wait as the rns could
drop anytime

[laptop15] 16/11/2020 13:13

Whats a good buy price?? Anyone got any target buy prices??

[stevedaytrader] 16/11/2020 13:08

Yep markets just keep forcing forward - travel stocks unreal- wish, of course, i’d dropped goldies and swapped last week- heyho. Dow close to exceeding 30,000 in futures