rogerhorton
21 Feb 2020
148,000 ounces was a fairly good effort to hit the target CEY…Centamin Plc : BMO initiates with outperform rating and 175p target price.
tornadotony
29 Jan 2020
Gold miners under pressure The problems have started with silver but are now spreading to gold miners. Centamin holding up so far 127p an important hold area. Shorts appear to be going in.
tornadotony
15 Jan 2020
No takeover and 6 cent divi in May Hi JB The chart shows very strong support in the 111-112p area which it rallied from on Christmas Eve as gold broke 1500. The Chinese New Year ends on 25th January as we enter the year of the rat. If gold retreats to allow the physical market to off load some additional stock and gold demand over Chinese New year is poor than gold with Centamin retreats. If on the other hand we see a big pullback in the USD and this pushes the value of gold up, centamin advances modestly from where it is probably up to 144p is how I see it. My entry was 112.9p and I am holding it what I have which as 10% of my entire portfolio and I am prepared to average it down from cash being held if it goes lower. If it goes higher I am not selling either and have opted to collect the 4p divi. I would not be glued on a particular point for entry and base your decision on what you think is happening to gold. Centamin may begin to spend some of their cash on developments and its uncertain how it will affect the share price during the year. If they are penalised for investing the share price rises stronger in 2021. So you could buy low and have to sit on it awhile as it goes right up to new highs like Polymetal. Whatever you decide good luck. The cheapest gold/silver miner is Fresnillo as it is in the middle of its investment cycle. Tony
Jargon_Buster
14 Jan 2020
No takeover and 6 cent divi in May Here we go again. I’ve lost out twice at major profits, will that happen again? Once more waiting. Maybe 114p as an entry point this time What do you think @tornadotony JB
tornadotony
14 Jan 2020
No takeover and 6 cent divi in May Happy days. Retained hold on what I had last week. Centamin at 10% portfolio.
tornadotony
09 Jan 2020
148,000 ounces was a fairly good effort to hit the target Good enough for me to retain CEY as 10% of my equity portfolio for 2020 and not to trade around with but hold for dividends. If it happens to go back down to 110p, I will back up the truck and make it 25% portfolio holding if gold is above 1400. My Fresnillo is 16% to remain as strong hold and not for trading either. I see Centamin staying above 100p this year.
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tornadotony
31 Dec 2019
60% off at 125p Hi Roger Important to note Chinese New Year is early in 2020 and falls on 25 January. The current run is weakening of USD which is seasonal and ends soon as well along with Chinese peak gold buying. The rally does not have a long run and Centamin unlikely to break 128-129p. The merger is most unlikely to go ahead and I would not expect a lot from the Q4 report on 14 January. The broker highs might be possible in September 2020 but the SP could retreat to 110p before then. All opinion of course like everybody else in this game. Tony
rogerhorton
31 Dec 2019
60% off at 125p From Regency Brokers… A good buying opportunity Given that gold prices are likely to continue moving higher, at least for the next year or so, we think it’s quite possible Centamin shares could revisit their 2017 highs of over 190p, offering around 60% upside. With production forecasts increasing to 510,000-540,000 oz per year in 2020-2021, even if the yellow metal simply maintains it current levels, Centamin shares look like a good way to add some sparkle to your portfolio.
tornadotony
31 Dec 2019
60% off at 125p Booked 12p profit on 30,000 shares.
Jargon_Buster
24 Dec 2019
Piled in more I see the merger talks have been extended until the 14th January. I wonder did a leak push us up later on yesterday. JB
tornadotony
24 Dec 2019
Piled in more JB If you get 113p again just take it. This will go to 120p + next month on a higher gold price. Polymetal is around 1170p and likely to go to 1275p. Fresnillo at 598 could pass 700p. If you miss CEY, Polymetal is likely to outperform. Fresnillo is a silver play. Tony
Jargon_Buster
23 Dec 2019
Piled in more I sense that I may have missed the boat once again. My finger was hovering over the buy button waiting on 111p. It never came. Then to my surprise there was a last minute surge to 114p. Canada closed at 1.22p, can that be correct? I must go look for any news items. Half a trading day tomorrow. I can’t see us falling back. I’ll be out and about tomorrow morning but I’ll be watching. JB
mog
23 Dec 2019
When END owe 650 million ,make no profit ,pay no dividend with a CEO under investigation for bribery and fraud.How could any company agree to deal with these parasites,when it is obvious they cannot pay their near end of term debt.Please reteet this on to all. Merry Christmas to all.
Jargon_Buster
23 Dec 2019
Piled in more Merger or no merger is not the issue for me. I’m just in this to make money trading the shares. I do think though that Endeavour’s offer is too low. It does seem that after the initial excitement Centamin is back to trading at its previous optimal level. I’m back waiting on an elusive drop below 110p. Still being ultra cautious. JB
