Centamin Share Discussion Threads

[plat hunter] 15/1/2021 14:28

One pound?

[picardy] 15/1/2021 14:16

Never seen a continuous fall like this in CEY. A year or so ago the problem for traders was not getting in quickly after any retraces. I thought I was lucky selling at 135p and buying back at 130, 128 and 124 but now begin to wonder. I am still sure I'm going to sell it for a profit but it is just not such an easy to trade share anymore...

[martinfrench] 15/1/2021 14:12

its a problem of trust here, simple as that.

[juju44] 15/1/2021 14:07

Biden prints 2 trill and pms get thumped . Mafia do what they want and no one cares

[investor0109] 15/1/2021 14:06

stevedaytrader- as you alluded to, it's no good being short-sighted when in gold. 'Sentiment' the key word- is CEY worth 15% less than it was 10 days ago? Of course not. Recent moves a reflection of fear and frenzy, in my view. Last week, Jeffries upgraded to BUY with target 170p and UBS upgraded to BUY with target 150p. Wells Fargo yesterday: ' the bank's outlook maintained that the "fundamental backdrop continues to be attractive" while estimating for prices to end the year around $2,100-$2,200, which would set a new record high for the precious metal'. Still, when market miscalculates, money to be made. Money to be made in CEY.

[martinfrench] 15/1/2021 14:05

too much manipulation in general it seems, but other commods are doing really well, and are far more stable

[stevedaytrader] 15/1/2021 13:20

Yep- it's all a bit odd as to why the sector in general is down, these stocks rise fast and drop fast on sentiment, so gold holding is not great as not sure where next push is although stimulus etc should keep it positive. Plus today is the first day all week the pound has reversed against the dollar which is normally good for cey ... could be simply the other equities are pulling the investments. One thing I've learnt over the years is I forget the recent rises like Investor0109 states. It jumped from the low then. It's, as always, pure guesswork, but I don't think it's worth selling at the moment unless you need the money now or in the next month. Good luck to all holders :-), fingers crossed

[markbelluk] 15/1/2021 12:57

Your right Steve and I wouldnt mind but the Gold price is holding very well!

[tcarter66208] 15/1/2021 12:37

How you're right. This game has me sceptical.

[stevedaytrader] 15/1/2021 12:35

Well it's nothing to do with potential results, look at all similar miners, performed pretty much in general the same over past weeks.

[tcarter66208] 15/1/2021 12:33

Lucky for me, I got in at 111. Let's hope it doesn't fall through that ffs. Was hoping some good news would push it to 150.

[markbelluk] 15/1/2021 12:33

Plat thats almost a double three line strike!

[plat hunter] 15/1/2021 12:31

Nope I just sold again300 sheets that cost me ???

[tcarter66208] 15/1/2021 12:30

This isn't boding well for next week... let's hope bad news is getting priced in now.

[investor0109] 15/1/2021 12:16

stevedaytrader- agree. Buying opportunity following recent share price slide. +10% movement in one day just 10 days prior, topping off a +25% move up from low during Nov. Little changed to warrant retrace, particularly given dire economic data and huge US stimulus due. POG move and hold at >/= $1,900 likely see herd move back into CEY taking share price back to 140-150p in near-term.

Expect Tue. update to be healthy enough, though badly received with share price to fall back to 100-110p. Rebound back to 130-150p following positive tipster write-ups likely to follow. Market misstep on CEY- reality/fundamentals overlooked and now simply a matter of predicting which direction the herd will move in.

[plat hunter] 15/1/2021 11:56

Key level this, which way will it go?Https://www.tradingview.com/x/E2TCS6fK

[stevedaytrader] 15/1/2021 11:11

Yes Coxsmn- at this SP, there's a big upside potential especially as CEY are so cash rich- I was very impressed with the CEO at last webcast and expressed my view here. On balance, I am swayed to a big gain over time in share price rather than a big drop based on the evidence in the public domain- of course I could be wrong. On long trades I tend to base them on whether I need the money now on not, and in the short term, if the fear of missing out on a big gain is greater than the fear of a big loss, then I hold. Of course the reverse is also true, but at the moment I've leaning to the former.

[coxsmn] 15/1/2021 11:05

I like the last paragraph.

[stevedaytrader] 15/1/2021 10:59

No worries, so this is why I'm ok with prod as in upper end if true.

[84stewart] 15/1/2021 10:55

THANK STEVE

[plat hunter] 15/1/2021 10:51

Tens of thousands of small businesses are set to receive insurance payouts covering losses in the first national lockdown, following a court ruling.

[stevedaytrader] 15/1/2021 10:34

Mr. Youssef El-Raghy comments:
hxxps://www.masress.com/masrawy/701950029
Translated below:
Centamin aims to produce 430,000 ounces of gold from the Sukari mine in 2021

Posted by Nermin Ibrahim in Masrawy 01-12-2021

Centamin, which is responsible for managing the Sukari mine for gold ore mining, expects the mine's gold production to decline this year by between 4.9% and 11.6%, compared to production in 2020.
Eng. Yousef Al-Rajhi, General Manager of Centamin Egypt and Managing Director of Al-Sukkari Gold Mines Company, revealed to Masrawy that the target production of raw gold from the Sukari mine during 2021 has decreased to between 400 and 430 thousand ounces (an ounce).
Al-Rajhi said, to Masrawy, that the total production of the mine reached 452.3 thousand ounces (an ounce) during 2020, compared to the production of 480.5 thousand ounces in 2019, a decrease of 5.9%.
The Centamin Company announced last October that it expects gold production from the mine to decline during the fourth quarter to 70 thousand ounces compared to about 120 thousand ounces (preliminary estimates) in the third quarter of the same year, and compared to about 148.4 thousand ounces during the same period of the year. the past.
The company returned its expectations, according to a previous statement, to its decision to immediately postpone the surface mining operations in one of the mine areas after monitoring movement in the aforementioned area of ??the fourth phase of the Western Wall, which may threaten the security and safety of workers in the event that mining continues.
The company said postponing mining in this area is a precautionary measure to protect the health and safety of the workforce and the potential for diabetes in the long term.
According to what Youssef Al-Rajhi told Masrawy, Sukkari mine operates 24 hours a day, despite the Corona crisis, and production was not affected at all by Corona, whether in the first or second wave.
Al-Rajhi stressed that the company has taken a structured approach that includes a set of precautionary measures to prevent the emerging corona virus, whereby periodic checks are made on workers by conducting a "pcr" analysis, taking into account the current crisis management plan, business continuity plan, and emergency response measures to ensure worker safety. .
Centamin is among 11 foreign and Egyptian companies that were announced to win last November in the first bid put forward by the Ministry of Petroleum and Mineral Resources to explore for gold during the year 2020.
However, Al-Rajhi told Masrawy that his company has not yet been notified of the sites where the drilling operations will be carried out.
Egypt had signed an agreement with Centamin, an Australian company, to explore for gold at the Sukari mine, which is a huge gold mine located in the Red Sea Governorate, and is among the 10 largest gold mines in the world.

[84stewart] 15/1/2021 10:28

Stevedaytrader
I have looked on LSE site but could not find anything recent info please.

[coxsmn] 15/1/2021 10:14

why are you here then