Centamin Share Discussion Threads

[uhound] 18/11/2020 13:43

Just going through some of my previous trades over the last 5 years.

Lost money on this company on 2 previous holding periods. (although was in profit for a time during ownership)

Currently down again since last purchase in February this year.

Are gold stocks worth holding for the next 5 years? Any other recommendations?

[stevedaytrader] 18/11/2020 10:39

Trader365- there is never "evidence" as once the evidence is produced either way the share price reacts, so wil have already reacted. It's not possible to the have "evidence". What is possible is predictions on future RNS- license news for expansion plus earlier "shore-up" of issue than predicted, greater gold produced in results as CEY stated not all gold was in from earlier this year. The SP, in my view, is low for the uncertainty and lack of good news, once this is "turned", so will jump on good news. Not saying it will go back to where it was a few months ago, but a significant jump from where we are now.

[creditcrunchies] 18/11/2020 10:18

I have quite a lot of high dividend yielding stocks that don't move that much but pay out regularly this gets re-invested back into the portfolio, also several recovery stocks, but to maintain capital gains I trade in and out of mining stocks. I also check over bought / over sold levels of the major indices to adjust percentage of equity and cash.

[creditcrunchies] 18/11/2020 10:07

I don't talk it down I literally plug in order values with a broker if they hit great if they don't I move onto something else. Other than that I couldn't really care less about the company. I know Jack sh1t about mining companies except the basics all I do know is that they're the most profitable trades in my portfolio

[plat hunter] 18/11/2020 09:59

Quark.. people who troll an event retrospectively don't have any money.Just a lot of free time and surplus data on their Tesco mobile plan

[quark3] 18/11/2020 09:57

Of course, if you are waiting to get back in at the lowest possible price, it is in your interests to talk it down.

[quark3] 18/11/2020 09:56

i see the fall as the response to the management failure. In my opinion it has been overdone, but that is my judgement. That is a very heavy fall for a situation that can be remedied with time and good management. They are going to tell us how they will do that and unless the movement was worse than already reported, it may not take long and too much of a hit to profits to put right. The gold is still there, it is just going to take longer to get it out - that is already in the price. It will be up from here.

[trader536] 18/11/2020 09:48

230 to 109 isn’t a “range” I didn’t see it rise

[creditcrunchies] 18/11/2020 09:47

it's a trading stock Quark it goes up and down in a range because the management balls up regularly

[trader536] 18/11/2020 09:45

The evidence to support the downside argument is in the subsidence RNS

There is no evidence to suggest the price will rise

[quark3] 18/11/2020 09:31

Anyone out of CEY on 02/12 will likely get burnt.
OK, I have no evidence for that statement... at all. Which is exactly the level of evidence all the derampers that have appeared on here have for telling us it will be 80 or 90p soon.

[plat hunter] 18/11/2020 09:29

Steve... Bloomberberg report this week cites 1.4 trillion dollars of debt held by US zombie companies post covid.1.4 trillion.... that's like the UK going bust.. It will sink in eventually.

[stevedaytrader] 18/11/2020 09:13

On the dollar- currently at ~92.26 with downward trend intact. If we get below 92.14 (31Aug20), this will be the lowest it's been since ~April2018. Safe haven swap from dollar back to gold? US stimulus anyone- the gap in time to keep businesses afloat and intact for when vaccine(s) are rolled out needs filling. The markets are pretty much priced in for vaccine delivered, look at what happened to growth jump after first lockdown before second- inflation anyone? Watching some old stuff on sky, the amount of analysts saying "be cautious", etc etc etc since the big drop in March/April- well they pretty much all got that wrong. Interesting crypto continues to burst forward, now with others following the bitcoin lead.

[laptop15] 18/11/2020 09:07

https://twitter.com/laptop1515/status/1328987903872086016?s=19

[trader536] 18/11/2020 08:57

Prat - if you looked at the chart you wouldn’t have been jumping in with both feet at 162p

[stevedaytrader] 18/11/2020 08:50

This is possible Trader365, movements can cause further issues. Equally, they could be shored up and gold remains accessible in time. Additionally, more licences are gold dust, expansion is the great asset in industries with limited supplies, especially for cash rich companies, even if borrowing money is cheap these days(although still remains tough to get on these types of busineeses). As always, it boils down to a few things basic fundamentals balanced on where the share price is now- you take your choice.

[rose_by_another_name] 18/11/2020 08:37

Until very recently it was said that one
might forecast the weather more accurately
than the met office by merely saying it
would be the same tomorrow as it was today.
Often wrong, but no worse than the pros.

[trader536] 18/11/2020 08:37

Perhaps further bad news on 2nd December? Subsidence can spread!

[plat hunter] 18/11/2020 08:32

They don't look at anything other than a chart.They don't even understand the charts, they just look to the nearest and lowest marker and call that out.Quite literally any monkey can do that... It's like saying that it will rain every Wednesday because there was a storm last Wednesday.

[stevedaytrader] 18/11/2020 08:30

Farrugia, long term posters are aware
but good reminder, news will come out imminently and likely to be positive. Kenny, as on every board, alas, when any stock drops a lot, out they come with big drop predictions, most without any rationale to back it up. I tend not to
filter, as i do read those who do back it up with rationale- whether i believe it or not is another matter.

[84stewart] 18/11/2020 08:28

I agree the doomsters only look at the negatives not the positives MMS are the same,let’s wait till 2nd Dec and see what comes out you MAY be surprised.

[kennyp52] 18/11/2020 08:25

80s ... 90s ... all the derampers back out again . Cheap value bow . I hope you parasites don’t get that kind of price and if you got shorts on ... it’s gone blue ... I hope you are sweating 😓. lol . Very cheap . Wall fix ... shoots up .

[farrugia] 18/11/2020 08:22

what most in here are missing is that Egypt is now opening the mining sector and Centamin can apply for other concessions there. It is ideally positioned having already a big mine in Egypt to expand further.