Centamin Share Discussion Threads

[dt1010] 20/3/2019 15:43

Trader there was no movement. Perhaps it was funds buying from funds. Or brokers to brokers.

If it was a fresh acquisition we’ll soon see an RNS.

[dt1010] 20/3/2019 15:00

At 9.30 this morning someone or something bought 8086000 shares at 90.74p for a consideration of £7,328,162.40 (in CEY obviously)

Then at 9.36am today exactly the same
Trade at the same price.

According for HL trades by volume.

That’s over £14m been invested into the company today over two trades.

Can someone explain this?

[juju44] 20/3/2019 12:03

If it is a double bottom I would expect the recovery to be sharp

[cinquepercento] 20/3/2019 11:45

Trader 365:

I do agree with you,re: needing to have a plan and sticking with it to see how it ends up.
I also agree with you re:needing to sell the losers and cut losses but the problem is that several good shares seemed like losers and I sold them at big losses only to see them bounce back up to new heights a few months later.

This was a few years ago in my early attempts and I was risking more than I could afford to lose.

I now try to decide in advance what I will do with a share if it drops ,or at what point I will sell it if it goes up, and stick to the plan.


On the other hand,I recently dumped Petrofac, as stated previously, and then bought it back down to 377 and miraculously came out with a break even for this financial year.

Your comments about trading strategies seem almost word for word similar to the advice in a book called:The Naked Trader which came out a few years ago.

Re:Centamin,I am completely out and I have decided right or wrong,that there is a good chance of it dropping below 80 pence so I will stick with this plan and not worry about missing out.

[dt1010] 20/3/2019 10:11

Pathetic is the word

Bin him on filter.

[serabi_gold_srb] 20/3/2019 09:43

Serabi Gold (SRB) Beat the herd.

Undervalued and starting its breakout....

25m mkt cap
Priduction currently around 40,000 ounces gold PA
Plans to increase production to around 100,000 ounces PA within 2 years
Generating circa 1m USD per month net for gold production (around 4,000 ounces a month)
Gold reserves just upgraded by 40%
Stock tightly held
Very quick to move on any buying interest

See latest presentation from PDAC conference - March 1019

[martinfrench] 20/3/2019 09:43

topped up with a decent chunk after lloyds sell, brexit just getting too edgy for me, anything could happen.

[dt1010] 20/3/2019 09:22

Someone must be off loading maybe?

Or is it shorters just selling it down and down?

So frustrating.

In the absence of a big spike in gold or good production/exploration news .... this look like a breakdown coming up.

[kennyp52] 20/3/2019 09:20

Hang in George ... lot of gold miners are actually up and IMHO I think only a snippet of good news will drive this share . Let’s face it .. it probably cannot get any worse so hopefully 90p is where the market will hold it . So much value in the balance sheet, plenty of cash, increased resources , other sites coming on board ... all the fundamentals are in place apart from a great production management team which they reckon they have put new guys in so I am very hopeful.

[kennyp52] 20/3/2019 08:59

Juju44 follow your instinct and advice and sell the lot . Buy back in at 75p . Master stroke

[juju44] 20/3/2019 08:56

If it falls through 88p its not a double bottom , its a breakdown . I am nervous do I have taken some money off the table though I am still hoping for a recovery with the rest . We should soon know

[kennyp52] 20/3/2019 08:50

Ken 🎾.. IAG looks good . 51.5c dividend in July is juicy at the share price . Thanks

[kennyp52] 20/3/2019 08:35

Creditcrunchies ... you sold and looking for an entry ? 90p looks value to me .. going back in to pick a few more up . IMHO decent production figures within their target range brings confidence back and could see a comfortable 33% gain at 90p as soon as positive news comes through .

[dt1010] 20/3/2019 08:33

Looking for La Doubla Bottom here around the 88p-90p mark, essentially there already we just need a big bounce.

[creditcrunchies] 20/3/2019 08:32

I still believe 75-80p is the area that needs testing first that level takes in account of the risk because this company has got a reputation on downgrading revenues out of the blue. At that level you've got a bit of leeway the rest will be on the gold price

[kennyp52] 20/3/2019 08:26

By the way trader365 .. I have a friend out in Pattaya . Comes out for the winter and comes back April time usually . Wonder if you might know him if you are in the bar scene over there ?? Bald as snooker ball , very suave but he’s from Smethwick , Birmingham ( if perchance you do know him pleased mention his birthplace and you will get a reaction ) . Winston is his name . He loves it out there ... got a lovely post op on his arm and gets his daily service !

[trader365] 20/3/2019 08:01

GK - Its a very interesting place to live, theres an abundance of PA's here, one can hire and fire them weekly.

The hospitals are quite expensive here. The services of Dr. Navara Dusitanond in the operating theatre at Bumrungrad International cost around £4000 per hour. I dare say I could have had more than one 2 week holiday in India for the cost of an hour in theatre here.

[garycook] 20/3/2019 07:22

365,Know it well.Many Bars to stagger home from there,and many Girls to help you home !

[trader365] 20/3/2019 06:51

GK - I was Jomtien in the past but turned 50 last year, too old for drunk motorbike rides home. I'm on 3rd Road central Pattaya now. Soi Buakhao, LK Metro, Big C and the beach all within 5-10 min stroll.