Centamin Share Discussion Threads

[stevedaytrader] 28/1/2021 14:03

Dollar down but still can’t find cause...

[stevedaytrader] 28/1/2021 13:50

US dow, s and p futures now up , only nasdaq down and this is marginal

[stevedaytrader] 28/1/2021 13:48

Gold just shot up a bit and as per
normal can’t see why, ... news channels always fractionally behind...

[plat hunter] 28/1/2021 11:19

Gold's putting in an about turn... "By the left, quick march"

[stevedaytrader] 28/1/2021 09:22

Umat, not convinced, liquidity run was said in June20, Oct20 and several other times, and since then enormous gains- my equity based(active managed) main pension dropped ~28% in march20 in a week! and has bounced back to ~51% up as of today (prob drop a little as yesterdays' figures not factored in)- I would be jumping off a very high building had I listened to this line at many times last year... Of course, at some point, it will have to go down a bit, but not sure when- this week looks likely. But, the big difference is this year is there is a vaccine and people/investors still need somewhere to put their money and as such a defensive move is only temporary and with growth etc 100% going up from here (growth is sooooo low at the moment with all these lockdowns), equities will be fine. May go down a bit, but will rise long term. Had there been no vaccine, could be very different, but then again, money need to go somewhere. Once vaccines rolled out, "death rate will be acceptable" this is how the world works as seen as done all we can- this is the case with many death rates for infectious and non infectious diseases- this obsession with "1 death is too many" is frankly ridiculous. The whole world works on taxes to fund healthcare (people without NHS need to earn to pay insurance premiums for health), no one works, no money = more deaths. I am lucky enough to only know 3 people who have had COVID (from a test not those people who claim they have as they got a text!", and no one has died- I have had 3 family members of my family die of cancer, and 50%, yes 50% of us will get cancer in our lifetimes, and yet I just read that cancer research has been cut by 50% as a result of lack of funds due to COVID- of course, cancer is not infectious, but imagine if it had just been discovered now in this social media led world "we've just found a disease that 50% of us will get get in our lifetime and will cause 165,000 deaths, very expensive and painful deaths in the UK alone, with average age of 60... there would absolute total panic! So, my view is get the vaccine out, accept the death rate and stop worrying about new variants and when they come just deal with it, but open things up and start massively investing in other issues eg cancer... sorry for rant, but hey ho, maybe the CEY drop is getting to me, and I'm bored lol.

[plat hunter] 28/1/2021 09:05

Absolutely right... The markets and commentators have all been behaving that we'll be it of this quicker than we entered.The reality of course is different... It's a global pandemic and vaccines efficacy is limited if you can't vaccinate everyone.

[creditcrunchies] 28/1/2021 08:35

that's if the vaccines work as virus mutates, the South African one it does not work, the Brazilian they're not sure, the UK variant it's 50% effective. You can imagine the chaos if they find those vaccinated are still dying of Covid

[stevedaytrader] 27/1/2021 23:17

Absolute value lower than a few points over the year. Market can, of course, go risk
off for more time, but won’t be anything g like last year - last year no one knew what the virus was, who it would impact and people like bill gates said 10years until
vaccine... these questions have been answered and the vaccines are being rolled out- growth will accelerate no doubt from here of course- i won’t be going long on VIX !

[plat hunter] 27/1/2021 23:04

VIX is up 60% in the single biggest 1 day movement since March last year.

[plat hunter] 27/1/2021 23:01

VIX up over 60% with POG & USD relatively un-phased.Definite risk off shenanigans.

[plat hunter] 27/1/2021 20:37

Only out of biased hope, it usually follows london in the end, even if it takes a few days to sort itself out.Wouldn't ordinarily expect London to move and meet it

[stevedaytrader] 27/1/2021 19:47

Plat, you’ve mentioned the canadian exchange before- any ideas why again it’s showing a better sp? it was inline in the first hour or 2 of trading...

[larry laffer] 27/1/2021 17:28

Interesting comment here........

Steven Poulton, Chief Executive of Altus, commented:
“We are delighted and honoured that our subsidiary Akh Gold, will be awarded a number of gold exploration licences in the Eastern Desert of Egypt. The gold prospectivity of Egypt and that of the wider Arabian-Nubian shield is world-renowned; from the Pharaonic era to the modern multi-million ounce gold mine at Sukari, operated by London and Toronto listed Centamin plc.


Note then words a number of......

[kennyp52] 27/1/2021 15:49

Plat .. missed it (112p) .. but it has been support in the past .. I'm all in at the moment against my better judgement . SO4 is a company called Salt Lake Potash .. you have missed the initial momentum but moving into production soon . Just waiting on the EA permit for GRL and be out of that and had a small gamble on Caledonian . So holding shares with lots of potential uplift and had to just let CEY run after I missed the chance to follow my gut and sell at 122p . Dummy !

[plat hunter] 27/1/2021 15:46

I reckon hold on to your hats,

[stevedaytrader] 27/1/2021 15:43

Yep- be interesting later today with FED etc - fingers crossed

[plat hunter] 27/1/2021 15:28

Huge fight going on for the control of POG's 200 day MA, dramactic comeback over the last hour.

[wallywoo] 27/1/2021 13:22

Relax guy's, enjoy the dividends.

Miner's getting hammered, and massively undervalued as a sector. That's all going to change at some point over the next 6 months.

Cey is a no brainer IMO. The current valuation is crazy IMO. Cash good, dividend great, likely news flow good, gold price good and will get better.

The share price has taken a double bottom now. Time for trend change. Added at 113.3p.

[plat hunter] 27/1/2021 13:17

112 kenny, ya taking it?

[stevedaytrader] 27/1/2021 11:32

It's a tough day for miners, but I do think they will come good- FRES getting battered on their RNS, we're dropping a bit here today, I was holding at our results recently and was relieved we rose a little on the day, when you see what can happen... hochs taking a whack too.