Centamin Share Discussion Threads

[wallywoo] 17/4/2019 10:21

How about Endeavour Mining for 1, there are lots of others too Africa is hot continent for gold mining

[ukgeorge] 17/4/2019 10:17

Wallywoo, I hope you are right.

But the elephant in the room is Egypt and the perceived political risk this brings. I can't really think of a candidate to take them over. Most the mining companies that are big enough are based in the US or Australia and tend to have north american assets or Australia so little argument for synergies.

[bulltradept] 17/4/2019 10:16

I'll have a pint of what you are having.

[bulltradept] 17/4/2019 10:14

"UKGeorge
15 Apr '19 - 15:38 - 17426 of 17441


Well next stop likely around 67p. If we don't get a bounce.

Really can't help but think that something is being withheld from the general public."

Not sure I see it down there as you seem to do. From my reading of the chart, there is strong support at 72p, barring really really bad news..

[wallywoo] 17/4/2019 09:51

UKG, I personally think a takeover is highly likely! Why:

1) CEY is undervalued, assets in Africa where labour is cheap, and AISC low

2) The chairman has been selling shares for 5 years now, made his fortune and lost interest IMO, Other directors are just milking CEY and weak

3) Needs new enthusiasm to take to new stage.

4) The whole industry is looking for mergers now gold is getting much harder to find

Personally think this down run is attracting more interest as it continues, it will turn with a whosh!

[bulltradept] 17/4/2019 09:17

There has always been a bit of a cloud over the mgt of CEY I agree UKGeorge.

[kennyp52] 17/4/2019 09:15

Production announcement on 24th though shieldbug so only another 2 trading days with the bank holiday . IMO this is why the share price today is holding before Ex div as most people recognised decent production will bring confidence back to the share price . For those that need this rise now I hope that is the case . Otherwise hold and make it later in the year . Ukgeorge .. I totally agree and this is where Pardey is out of his depth . They know the production for Q1 and either way it would have been responsible to have RNS it sooner instead of allowing speculation to destabilise the share price

[shieldbug] 17/4/2019 09:01

The difficulty today is that no one wants to buy if we are ex divi tomorrow and the price might fall. So the price falls today. Is the price holding up the fall because of the dividend or is it the other way around? I added some below 90p but want to wait now in case the price falls further.

[kennyp52] 17/4/2019 08:54

Agree Boris . Look at the fundamentals - the cash pot / resources / inventory / no debt / exploration / permits .. the market value at this price is below £1bn ... worth at least double for a bid . Creditcrunchies ... wish I could be so disciplined and patient it could have saved me a small fortune but I do like the buzz of buying on instinct and fundamentals and also that method would mean missing out potentially on day trading the dips and peaks . Good luck

[cinquepercento] 17/4/2019 08:50

Boris: Re: taken over:

Would there be time for a take over before a big bounce back if this recovers?

[cinquepercento] 17/4/2019 08:47

CreditCrunchies: Re as low as 60 and tea leaves;

My Sainsburys red label tea bags are telling me that this could go to 55 pence or so.

Seriously.

[borisjohnsonshair] 17/4/2019 08:46

Much lower and it gets taken over.

[creditcrunchies] 17/4/2019 08:41

I believe in set and forget don't forget the FTSE index tops out in May/June you frequently get a market correction of up to -10%, so lining up pending buy orders from a watch list is worth looking into

[creditcrunchies] 17/4/2019 08:39

I've got some buy orders close by just need these to dip lower to around 75p, but these could potentially hit 60p if you believe in tea leaves. I wouldn't bother about the divi it's about 2.7% which equates to nothing compared to the movement on the share price at the moment.

[cinquepercento] 17/4/2019 08:37

Boris: re: storm in a teacup:

As long as you have enough reserve cash and as long as this does eventually recover from wherever it goes, then you can buy your way out of this and make a nice profit.

Still,I am interested to see how low this goes,compared to May 2018.

[borisjohnsonshair] 17/4/2019 08:37

Yeah but you are a moron so who gives a monkeys

[borisjohnsonshair] 17/4/2019 08:36

I'm afraid we aren't ex-div yet. Tomorrow. Interesting dynamics with ex-div on 18th, no prelim Q1, Q1 on 24th. Take div and dump or be in for long hall and be confident of Q1 being positive and demonstrating the issues are tangibly resolved. I'm not sure what the masses will do. HGM generally drops ex-div first thing and closes higher!!

[edjge2] 17/4/2019 08:32

Boris hope you'll profit from those. Bought in too soon myself. Did not expect to see them sub 85p but ex divi drop may explain. Nope another week before that exhibits but gold looks a bit dodgy at the mo..

[jfishy55] 17/4/2019 08:28

Yeah, I see BF & CDI as just expenditure at the moment, they will add to the bottom line eventually of course but that could be a while away. And yes, there will no doubt be some sort of tax - I've always seen the profit share as being a replacement for corporation tax. Quite good for getting an exploration & exploitation company up & running to profitability what with capex etc being claimed back with more profits to be paid once the operation is established.

[borisjohnsonshair] 17/4/2019 08:27

I've increased 50% sub 90p.