Centamin Share Discussion Threads

[jfishy55] 12/4/2019 08:15

O/T (Bitcoin)
The problem with Bitcoin is 2-fold:

1) It isn't useful for anything. E.g. Gold is used in electronics & for jewellery.
It could be argued that it is useful for buying stuff (like normal money) and having an electronic system brings benefits that mean Bitcoin is here to stay....except:

2) Bitcoin is not unique. There are no barriers to entry. There are over 2000 crypto-currencies at this time. As & when governments get involved they will simply make their own so they can control it, existing ones will not be used.

As such, it seems pretty clear to me that Bitcoin has no fundamentals and the price is solely driven by speculation - anyone for tulip bulbs?! At least they could be used to grow tulips I suppose :-)

Interesting to hear any reasons why I'm wrong?

[plat hunter] 12/4/2019 08:13

I've never once ramped ACA Boris. Have a day off you moron!

[borisjohnsonshair] 12/4/2019 08:05

ACA is far more messed up. We have a market perception of messed up, ACA is messed up. Will be 190 by COB next week.

[borisjohnsonshair] 12/4/2019 08:04

Q1 report out first. Who gives a flying F if it goes lower. It's value will be based on the net cost of gold output and volume.........oh yeah and the POG. It's rocket science!

[borisjohnsonshair] 12/4/2019 08:02

Yeah - it's not worth a second thought!! Wait for the Q1 update. Are they gunna bung more shiny stuff out the ground for lower costs or less for more!!!!!!!

[plat hunter] 12/4/2019 07:55

Most know it's going lower DT...XD will knock this back below last years low of 86

[borisjohnsonshair] 12/4/2019 05:53

Really. Evidence?

[justiceforthemany] 11/4/2019 22:22

World Quant reducing short position.

[creditcrunchies] 11/4/2019 19:43

I can't see a mad rush for the dividend on this one though, so at 88p the ex-div price will be about 85-86 pence per share. Get a better return buying 75p for the bounce to 90p

[rotrader] 11/4/2019 17:30

Bitcoin should be renamed Bitbrain ;-)

[plat hunter] 11/4/2019 17:27

Yay, so all the cash will be stripped just before the announcement of missed production targets.

Don't start crying, it's a possibility.

[justiceforthemany] 11/4/2019 16:50

Goes Ex-Dividend next Thursday

[borisjohnsonshair] 11/4/2019 15:52

Not this morning though. It's 5% cheaper now.

[wallywoo] 11/4/2019 15:32

Excuse me if I have this wrong DT1010 I am a novice with Bitcoin but IMO:

1) Many currencies are now a risky store of value because of the individual countries debt and the endless QE that is likely to continue

2) Bitcoin has no debt associated with it, BUT as this is the biggie, whole countries could if they wanted just ban it, as a means of exchange. It has no authority to be a store of value for ever and in deed would just be a worthless albeit virtual coin.

That in a nutshell why it is a really risky punt, is that not right?

[dt1010] 11/4/2019 14:56

Yeah I made my money by taking big risk.
Now it’s locked into property most of it.
Some of the rest I speculate with.
Bitcoin will enter a bull next year In my opinion and of course it will stay very volatile but ever since it was created people have been saying it will die etc. But they don’t understand it. Buy some and lock it away. You will not regret it. We are coming to the end of a bear market. Buy it before it ends rather than during the next bubble phase.

[wallywoo] 11/4/2019 14:48

Steve, those are the Q1 financial figures, but CEY issue a production prelims figures before that, or at least have done up until now. Though they don't publish that date.

[stevedaytrader] 11/4/2019 14:37

Someone kindly posted this the other day, apologies for missing their name "Apr 24 - Q1 2019 Quarterly Report, Jul 24 - Q2 2019 Quarterly Report, Oct 24 - Q3 2019 Quarterly Report". Not sure whether correct or not though... I'm holding in any case for good news.

[jfishy55] 11/4/2019 14:15

24th April for Q1 Quarterly Report George:


There's no date for the prelims but they are usually on a Monday, so maybe Monday coming....or not!

[whitegold1] 11/4/2019 13:00

Hope this doesnt do what Fresnillo is doing today. Disaster.

[plat hunter] 11/4/2019 12:35

You're a high risk individual DT, that's for sure..

Bitcoin's a little fast for me.