Centamin Share Discussion Threads

[noreply1] 18/11/2020 05:55

Bang in trouble here.This has got 90s all over it

[djb3] 17/11/2020 21:44

I see know-it-all childish trader536 (lost count what number now) is still at it. How about you just let people have their own say without trying to put them down? You're slagging off other peoples opinions, but how do you know gold will go to 1600? Everyone on here has an opinion whether right or wrong. Can't see how anyone can listen to someone who said in March that the 'coronavirus wouldn't affect stocks just like during the SARS virus' would be listened to anyway - absolute tool living in Thailand with no life. Can't say I'm not happy not being invested at present, because anything worth looking at on most forums is ruined by your childish behaviour anyway.

[trader536] 17/11/2020 21:15

"eventually production will rise"

How do you know this??

Is it not a possibility that the subsidence could spread? Perhaps the East, south or North wall will become affected?? Perhaps further instabilities will arise?

[the stinger] 17/11/2020 21:06

80p to 95p .. either way a good buy in price as eventually production will rise and other assets/licences in the mix too. Probs 6 to 8 months away though. Maybe a dividend too.

Some big player/s selling. Wheres the bottom is the question!! Buy low and hold

[trader536] 17/11/2020 20:38

CEY AISC is forecast to be $1275 in 2021 hence the share price fall.

AISC is forecast to be $1650 in Q4 2020

Back to 80p in Q1 2021??

If Gold falls to $1600 in 2021 what will happen to CEY share price?

Ouch?????

[noreply1] 17/11/2020 20:28

The trend is your friend and this dog is going lower.

[action] 17/11/2020 19:03

Mines review by the company will be published b4 year end. Hope that is good. GLA.

[trader536] 17/11/2020 18:47

If you thought that when TLW was the darling of the FTSE at 1500p you would have lost your shirt.

It's far better to buy on the way up rather than on the way down as Prat is currently finding this out.

Sell the losers, run the winners!

[stevedaytrader] 17/11/2020 18:33

When things are most gloomy, not the time to sell - Powell still saying stimulus so am sure Biden will get round to it then whooosh.... you only lose when you realise the loss-

[dmitribollokov] 17/11/2020 17:22

Lol davius, yes not really the time to be shorting!

[plat hunter] 17/11/2020 17:02

Maybe he's short of £1 at 95p Can we see about getting him a fivepence

[davius] 17/11/2020 16:51

Waiting for a re-entry here, but have to laugh when someone posts about a short with a 95p target. The share price has halved from 220p to 110p in two months, and now they decide to take a short... :)

[84stewart] 17/11/2020 15:59

IF THE TOP 6 shareholders are the same as September they hold 43% they I don’t think will sell for anything less than possibly £1.50 £1.70 ,I will try to sound out a contact in Standard Life /AAM,private investors account for about 53%

[the stinger] 17/11/2020 15:40

Short in to 95p .. 45k pounds worth..

[huncher] 17/11/2020 15:40

If they go to -£1 and get some decent licences (their own poison pill)they will get taken over.

[creditcrunchies] 17/11/2020 15:30

blimey don't say that George I'll have to change it to 80p

[ukgeorge] 17/11/2020 15:23

I re listened to the latest centamin results yesterday, the Q&A were pretty clear.

They are looking at the ladder back to 500koz over the next few years..... so I think the 2nd december announcement is going to be nasty. Perhaps a large drop in guidance and promise of jam tomorrow.

The new management will obviously continue to blame the previous ones, but it has been on their watch that the share price has crashed.

[plat hunter] 17/11/2020 15:17

Zombie companies in the US hold a record 1.4 trillion dollars of debt.Https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-11-17/america-s-zombie-companies-have-racked-up-1-4-trillion-of-debt

[martinfrench] 17/11/2020 15:13

i dont think most on here realise how difficult the job current management have to restore confidence in this, even if they are good, which will take 2-3 years minimum, of accurate results and forecasts met as well as getting back to at least 500k ounces

agree with a few others, i wouldnt hold out too much hope for the LOM report, cey always have a few nasty surprises up their sleeve

[creditcrunchies] 17/11/2020 14:50

90p is the magnetic level just put a pending order in then sit back and relax :-)

[ukgeorge] 17/11/2020 14:50

I sold out today and will aim to buy back in on the 2 december, when I think they will likely spike lower and then rebound.

[roger207] 17/11/2020 14:46

I said 100p a while ago. Only big losers who filter my messages. LOL

[noreply1] 17/11/2020 14:43

Drifting down to under 1 pound....

[imastu pidgitaswell] 17/11/2020 14:34

The FTSE 100 could have a new goldminer next year after Endeavour Mining, of Canada, announced the takeover of a rival and plans to seek a secondary listing in London.

Endeavour said that it had agreed to acquire Teranga to create a combined group that would be among the ten biggest gold producers globally with a market capitalisation of $6 billion. Both companies are listed in Toronto.

The company said that it would seek a secondary premium listing on the London Stock Exchange in 2021, which it said would make it “the largest premium LSE-listed pure gold producer”. The combined group would have average annual production of more than 1.5 million ounces per year.

Polymetal, the Russian FTSE 100 precious metals group, which is worth about £8 billion, is aiming for total gold and silver production equivalent to 1.5 million ounces of gold this year. London lost one of its biggest gold miners last year when the Africa-focused Randgold Resources was taken over by Barrick, also of Canada.

Endeavour Mining shot to prominence in Britain last year when it approached Centamin about a possible £1.5 billion takeover, but it was rebuffed by the FTSE 250 Egypt-focused group. Endeavour subsequently acquired Semafo, another Toronto-listed company.

It now has two mines in Ivory Coast and four mines in Burkina Faso, plus several development and exploration prospects, and it expects to produce more than a million ounces per year. Teranga has assets in Senegal, Burkina Faso and Ivory Coast and is expected to produce more than 530,000 ounces this year. Endeavour will own 66 per cent of the new group and Teranga the rest.

Sébastien de Montessus, 45, chief executive of Endeavour, said: “By combining our complementary assets, we will enhance our strategic position on west Africa’s highly prospective Birimian Greenstone Belt.”

Raj Ray, an analyst at BMO Capital Markets, said: “We like the strategic rationale for the combination with respect to asset quality, diversification and potential synergies in west Africa, larger production profile and potentially improved share liquidity.”