Centamin Share Discussion Threads

[redbaron10] 12/4/2024 11:41

There's a lot of head scratching by people in the know regarding this run up of gold prices so fast.Now someone reckons a big bet has been made by someone or other using OTC trades to create this buying.There's no definitive answer to why this is happening,maybe it's a combination of factors creating a perfect storm for gold prices.I'm not complaining.

[roks] 12/4/2024 10:54

At this rate, pog will hit 3000 by end of next.

[qs99] 12/4/2024 08:59

Could we see the heady days of nearer to £2 soon? PoG holding up very well and motoring, some banks forecasting nearer $3,000 this year, what EBITDA then?!! DYOR

[qs99] 11/4/2024 22:06

Indeed darren....PoG motoring still......maybe some supply/demand imbalance but being squeezed ever higher and see some banks forecasting $3,000 this year...DYOR

[darrenhorsfield2] 11/4/2024 19:16

150 soon then 200 in view

[roks] 11/4/2024 14:51

Flying today....nice

[redbaron10] 11/4/2024 13:06

Just have to adopt a wait and see approach regarding Iran possibly retaliating against Israel for the Syrian embassy bombing.The rhetoric on both sides is ramping up and Iran will do something but who knows what.

[redbaron10] 11/4/2024 08:48

I see another theory for the gold price increase is that Japanese consumers are so sick of negative or near zero interest rates in Japan for so long,and with the Yen at 34 year lows against the dollar,that they along with the Chinese who have devalued the Yuan to stay competitive with their Japanese neighbours have been gold buyers.Just another idea by commentators trying to explain the pog rise.

[tnt99] 10/4/2024 21:05

I believe 1.60 is likely if the price of gold holds or goes up some moreWho knows

[redbaron10] 10/4/2024 18:09

Well that didn't turn out too bad today.Even with US inflation figures coming in stronger to delay interest rate cuts, we still finished up a bit.Biden will not like the implications of the inflation trend right now.The FED will have to keep interest rates higher for longer and that hurts US consumers with a mortgage and an ongoing cost of living crisis affects all but the well off.I still think the abortion issue could sink Trump's chances in the presidential election(plus the possibility of being indicted before then), but the race for the White House becomes more interesting.

[mustafa15a] 10/4/2024 14:17

Maybe some positive DFS news from Doropo could drop in soon and create the perfect storm for us....

[kennyp52] 10/4/2024 08:32

First target blown away 120p .. with the assistance of gold price mainly . 150p was my next target which I didn’t think achievable until Doropo is operating. POG holding and you have to start thinking 220p .

[justiceforthemany] 09/4/2024 22:44

Get yourselves into PAF.
A forward P/E of only 2.9
240,000 production Dec 2024-

[stevedaytrader] 09/4/2024 19:10

Yes, but CPI and PPI the following day are way more key than the US jobs data.
The reason why it didn't hold back gold was that wage growth declined year on year which is great news- more people working and adding to GDP but not with inflating pay which can lead to inflation.
A lower than expected CPI will be great, and add fuel to keep on the current dot plot for FED reduction.

[redbaron10] 09/4/2024 16:58

US CPI data tomorrow so let's see how gold prices react to that news.It will give us clues as to how far the gold price rally can continue in the short term imho.Medium to long term i'm bullish on pog anyway, so i'm not selling,but it will be interesting to see if 'short' gold traders and sellers are out in force tomorrow trying to get gold prices down as they always want to do.It didn't work for them with the US job figures last Friday, but it won't stop them trying to test for any weaknesses in this rally.

[redbaron10] 09/4/2024 13:36

There may be a multitude of factors providing tailwinds for the gold price but the old reasoning that a strong dollar is negative for gold prices isn't holding this time.The correlation of a strong dollar pushing gold prices lower doesn't appear to be functioning at present so there must be stronger factors at play to push gold higher.In quieter economic and geopolitical periods the correlation between the dollar strength and the gold almost always held.After the big US jobs number last week, and a strengthening of the dollar, we actually saw a spike up in gold prices! Not what conventionally happens so something else is in play now regarding pog.

[larry laffer] 09/4/2024 10:58

Higher gold prices
Waste stripping about to end

Now’s not the time to waiver. If you rode out the past 3 years and held on the next couple of quarters (Q2 & Q3) should go a long way to bringing the golden flip flops home. I smell money.

No more plant failures. He should have had his feet held to the fire over the last mill failure. The main reason companies have planned maintenance outages is to avoid catastrophic failures during the production cycle. Horgan hasn’t offered any explanation of how and why the failure occurred. He simply patted himself on the back for noticing the mill was dying on its feet.

Share price currently doing good. Hope to see >£2.50 over the year sometime.

Maybe he can bin the RCF if the gold price stabilises or increases around this level. It’s presently $1000 above AISC.

[roks] 09/4/2024 10:51

Looking a bit livelier today

[philby1] 09/4/2024 10:35

The prospect of lower production costs, the current gold prices and a hopefully a future higher dividend makes me relaxed and happy to continue holding.

[redbaron10] 09/4/2024 10:00

It's getting tricky for traders of this share now as it's a question of FOMO...fear of missing out on future price rises or the flipside of the coin you buy now but see prices plummet down as they have done in the past quite often.Being a LTH here i have no such dilemma.It's different investment strategies to make money and both have their merits.

[arja] 08/4/2024 16:26

kept rising today even as gold price fell and sorry I exited at 120.14 :) . always another day and had fun today with RSG even though thinly traded in UK compared to lead market in OZ . But another NO stamp duty stock which I love

[roks] 08/4/2024 15:16

Hoc u 7.5p, cey 0.3p today

[cinquepercento] 08/4/2024 14:33

Yes,Cey seems to be rationing it's price increases to a few pence every other day but maybe slow and steady is the way to go,keeping things in Cey stable and easier to administer.

[redbaron10] 08/4/2024 13:20

There appears to be some reluctance to accept the fundamentals and the reasoning for the 14% pog increase this year by the markets.Most commentators and analysts are expecting a pull back of the safe haven asset at some time reading the financials, and they're skeptical of rises much above $2400 if we ever get there.Gold mining stocks aren't getting the share price rise maybe one would expect.There is central bank purchasing around the world and Chinese and Indian retail investors are buying gold in good quantities so gold demand is clearly there.The US's horrendous national debt is being added to at the rate of a $1tn every 100 days under Biden, with a very contentious US presidential election in 7 months time,interest rates are anticipated to fall at some time,plus middle-east tension that isn't going away in the short to medium term.I don't see how the gold price can buckle that much with tail winds like that.However we all know how opaque the gold market is and open to all sorts of speculating in both price directions that we just have to enjoy these all time high prices for as long as we can.I've been in gold mining stocks like HGM,Acacia,here and Endeavour (recently)long enough to expect absolutely anything!