Centamin Share Discussion Threads

[dt1010] 25/2/2019 16:05

Last time the stock was down here we’d had two profit warnings and was gold was trading at sub $1200 !

This has got either or both institutional off loading and/or aggressive shorting written all over it.

I think we can all safely say it’s goinf to take many months to get back to the 130s....

Over and out.

[astjgroom] 25/2/2019 16:02

A kick in the balls more like

[dt1010] 25/2/2019 16:01

CEO should go. I maintain that.

This is a sh1tstorm car crash of a day.

[creditcrunchies] 25/2/2019 15:59

The board obviously did not think carefully before cutting the dividend, they certainly did not make any hints of this when they issued downgrades on revenue. This is what happens the market literally crushes the share price when they hold back on detail. Investor relations issue here

[haughtonhoney] 25/2/2019 15:59

I also hold 100k of these. I don't mind telling you at an avg of just over 109p too.However, I was tempted earlier to sell but decided that I'm not selling and I've decided to sit tight.I'm not a trader and the story, for me at least, has not changed.

[spacedust] 25/2/2019 15:58

Opposite could be said if gold goes up to 1400.

[bor491] 25/2/2019 15:54

if the gold price pushes back down to 1200 this could go down plenty...

[dt1010] 25/2/2019 15:48

Yes it is

Aggressive shorting in the coming days could indeed take this lower, to 86p perhaps.

On a 2 year horizon that is meaningless but the market isn’t finished punishing the company yet IMO.

I wouldn’t worry though. FRES got shorted aggressively a few weeks ago down to 750p off the back of a JPM downgrade. Quick enough though it bounced and is around 1000p again now.

[bulltradept] 25/2/2019 15:43

"There’s only been 3 intraday closes of more than -20% since Centamin was listed."

Not sure that's entirely correct.

I'd be interested in where you go that given it's been listed for quite some time.

[spacedust] 25/2/2019 15:42

A bit harsh...i mean almost 30% down you'd think the company has broken some covenant or taxation penalties

[astjgroom] 25/2/2019 15:41

Can short it. Juju, what's the 200day moving average price you have please?

[dt1010] 25/2/2019 15:41

Ha I am buying no more, 100k is enough for me.

I reckon court case aside we will attract a bid.

I also think the CEO should go for this gong show.

[laurence llewelyn binliner] 25/2/2019 15:37

Last batch for me today at 99p ... thanks very much .. ?

[dt1010] 25/2/2019 15:37

There’s only been 3 intraday closes of more than -20% since Centamin was listed.

[borisjohnsonshair] 25/2/2019 15:36

I don't think it's shorted.

[dt1010] 25/2/2019 15:28

Boris it’s a classic ‘take down’ shorters loving it.

The big money wants more at as cheap a price as they can get. This is a quality miner.

The price drop is ridiculous. An over reaction.

500koz production est with gold likely higher in the 2nd half 2019....

Shorters loving today....but they will close

[bagi58s] 25/2/2019 15:28

It will recover tomorrow

[borisjohnsonshair] 25/2/2019 15:25

I normally hold for 1-5 years

[dt1010] 25/2/2019 15:20

I am in this for 2+ years so that won’t bother me. Days like this are rare in any Gold Miner at this level. It would be a waste not to make use of such a pummeling. Sukari is a tier 1 class asset in gold mining globally. This has zero debt. Go figure.

[spacedust] 25/2/2019 15:19

Usually goes down for 3 days

[borisjohnsonshair] 25/2/2019 15:18

I've got 4 times that. At loss but not substantial. Expect to be in profit soon. The drop is suited to a company in huge debt and shrinking market and margins. This is a gold mine, expecting higher output, with a higher price and with recent news of higher resources. Madness. I'm tempted to go another 100,000. It's stupid cheap.

[bor491] 25/2/2019 15:14

good luck after this big down day it could go a bit more down the next few days.

[dt1010] 25/2/2019 15:11

Bought more.

I now have.....100,000 shares!!!

That’s enough now lol I think

[bor491] 25/2/2019 15:11

yes this can definitely go back to 90p and it could potentially go down to 80p because that's the way markets go. The trading update was negative and I didn't like them saying the 1st quarter figures won't be good.