Centamin Egypt Live Discussion

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Jargon_Buster 21 May 2019

Any news due to be released? Hi @tornadotony You usually know when various reports are due. We must be due something soon? The inactivity is driving me a bit crazy this month. JB

tornadotony 16 May 2019

Bought with my divi JB I think you are correct about 135p. To hit that target we would need to see Centamin beat the production forecast and hit 545,000 ounces for the year. Additionally the gold price would need to hold $1360 per ounce for around 12-13 weeks. If WTI goes above $67 per barrel it will drive gold prices up because of the inflationary impacts that its likely to generate. There is a link with gold in grams to a WTI barrel of oil. Centamin having a solar farm in a growing oil price environment would generate high share price earnings growth for the company. There will be a time when we can only invest in gold miners who can do it this way or hydroelectric or anything not oil that is cheaper energy source. Tony

Jargon_Buster 16 May 2019

Bought with my divi I’m happy enough to hold on until later in the year. It would be a dream to hit 135p, that would mean a profit of £28k. It’s a little bit unimaginable to be honest. Yes I know we’ve already hit 135p this year but here we are closing at 88p yet again. JB

tornadotony 16 May 2019

Bought with my divi Should also add that the pound is devaluing and this could continue for another two to three months. Centamin is priced in a currency which is falling in value. This is a tail wind.

tornadotony 16 May 2019

Bought with my divi I would hope to see 135p being hit for CEY around September or October. The USA stock market is massively over valued but denied any sensible correction. The value of USD is taking off again against all currencies. Having protective tariffs for host industries and rapidly appreciating currency only ends way and its not good if history is anything to go by.

Jargon_Buster 16 May 2019

Bought with my divi Gold seems to be maintaining its new level, at just under $1,300, which is encouraging Meanwhile CEY is boring me to death, after its recent recovery. I think we need some positive news to get us rising again . Counting in my dividend my portfolio is up a very unstable grand. I wouldn’t be surprised to look after posting this to see me down a grand I’m still very positive, I just need to wait and see . It is always possible that we could repeat earlier in the year’s unaccounted for rise to 135p . Doubtful but who knows. Better in than out . JB, going a bit icon mad today.

tornadotony 16 May 2019

Bought with my divi Hi JB Centamin short interest is closing and t started beginning of May. We do have two gaps in the chart below us and if it falls back I can add 70% to my present holding. So your not alone on this run. Tony

Jargon_Buster 13 May 2019

Bought with my divi Added to my shares using my £1,400 dividend. Got 1,592 @ 0.878958. I now have 62622 shares. Just as the market was closing POG almost reached 1300. Not sure what’s going on there, hopefully it’s not just a spike but can be maintained. JB

Jargon_Buster 07 May 2019

I feel that it's going to be a good year Read a recent article on Yahoo finance which was pretty confident and nicely expressed my own feelings. [link] JB

Jargon_Buster 24 Apr 2019

Fast recovery After a portfolio drop of over £7k I now find myself flirting with breaking even (if I add my dividend payment in). What a difference one trading day can make. I did feel that the sell off was way overdone. Hopefully this will reverse the downward trend that has become a feature over the last few weeks. JB

jackdawsson 17 Apr 2019

Bollinger band Still in a downtrend, with no let-up despite going ex-date tomorrow. Never a good sign in the short-term. However, mindful of the potential upside here once it bottoms out, it’s on my radar. But not yet. Not until a support level is established. - GLA. www.dividendmax.com/united-kingdom/london-stock-exchange/mining/centamin-di/dividends Screen Shot 2019-04-17 at 12.48.21.png814x871 51.4 KB

Jargon_Buster 17 Apr 2019

Bollinger band I hope so. Can’t remember a more consistent SP drop. Virtually every day for a week or more. It’s very unusual. Logical would say that there should be a drop tomorrow but I can’t see it it other than yet another smallish drop. Very disenchanted right now but still confident in a future recovery. I may have to wait though. Odd that only a matter of weeks ago folk considered 135p as OK. Such is the unpredictability of shares. That’s what makes them so much fun, if you are on the right side of course JB

tornadotony 17 Apr 2019

Bollinger band Below Bollinger bands for the 12th time in its trading history. 11 out of 12 Bollinger band lower fall outs heralded a bottom in the share price.

tornadotony 16 Apr 2019

Centamin a deeper read on company data vs Dekker paper JB I will be spending my divi for the pain of being down. The drop today at least was linked with gold losing a support line. $1.9B of 11,000 contracts was dumped on the market. That toilet dump at 0830 am EST was either the Turkish Government defending their lira by selling gold or a host of paper positions choosing the exact stop loss position in the market and being taken out. A huge of amount of energy is having to be applied to bring the gold price down. That is a good sign for the future.

Jargon_Buster 16 Apr 2019

Centamin a deeper read on company data vs Dekker paper I’m down almost 9%. My dividend payment will reduce that pain slightly if we can maintain current levels. I can’t recall such a consistent drop coming up to a dividend payment. I’m really scratching my head on this one. I’m beginning to think, in this topsy turvy world, that we might actually see a rise come Thursday and Friday. It’s a pity that the payment doesn’t arrive until May, otherwise I’d definitely be reinvesting it at these prices. I’m not suffering any anguish about this share, except possibly the thought that I could have bought in cheaper. Your prophecy that I might be holding much longer than I expected has come to pass. I’ll not make any predictions as to when we’ll see my investment price of 92p but I’m pretty confident that we will at some stage this year. JB

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