Jargon_Buster
03 Oct 2019
Dangerous times After today’s 10% drop one would expect some recovery tomorrow but I’m not so sure. It may take until after the 23rd until I feel safe to invest even at these tempting prices. 90p is looking to be my new entry price. Live long and prosper JB
tornadotony
03 Oct 2019
Rebought 10% position Took the 10% back on at 112.85p improves re-entry average on the day. I have to keep the position open for tomorrow. Gold is very active.
tornadotony
03 Oct 2019
Rebought 10% position Took the bounce at 113.5 and sold off again. Will rebuy if it goes back to 108p on retest. Opened position on Fresnillo at 556p.
tornadotony
03 Oct 2019
Rebought 10% position At 108p and managed out 11p of the drop. I can easily average off the position once a bottom is apparent. I also have something to sell if the share gets a bounce back to say 116p.
tornadotony
03 Oct 2019
Following previous melt downs and awaiting Canadian open The issue here is very serious in that the share has to fall enough to give value against a loss of credibility on its mine plan and production. This is so wrong its like they all went on holiday for three weeks and produced absolutely nothing. 17% down on what was produced earlier in H1 let alone the expected 55/45 split. If anyone believes they can pull 160,000 ounces in 13 weeks which is 33% above H1 and 70% above Q3 they need a cranial MRI scan to see if anything is inside. Tony
tornadotony
03 Oct 2019
Bought a small position back Lost a bit of profit this morning but will buy it back much lower. The 23rd October hit on the news depends what happens today. If we get to 92p for example I would go all in.
Jargon_Buster
03 Oct 2019
Bought a small position back Shares can lull you into a false sense of security. Then you make a big mistake by losing sight of your initial prognosis and out of frustration invest too early. I was starting to doubt sitting on my hands then today happens and I’m so relieved that I stood my ground. No doubt we’ll go through this again come the 23rd. Live long and prosper
tornadotony
03 Oct 2019
Bought a small position back The above comment has proved extremely wise!!!
tornadotony
03 Oct 2019
98,000 Ounces! The issue is above ground where 67% of gold ounces are produced. CEO resigning on bad news.
tornadotony
03 Oct 2019
98,000 Ounces! This is a disaster of a quarter. Have sold out and await to buy back near 100p.
tornadotony
02 Oct 2019
Centamin now set to drop My trade today was sell at 126.77 and rebought at 125.52. Still holding that 10% as it was a day trade. Second short from 134p has not been bought back, but I have a week plus before letting it go or buying it back.
tornadotony
02 Oct 2019
Centamin now set to drop Hi JB If gold hits 1445 and 112,000 ounces is produced my calculated share price is 112-114p. The caveat is that the company strongly state that 490,000 will be met and they are most likely to surpass a production of 140,000 ounces in Q4. They will be 3/13ths towards that target. I do not believe Centamin will go lower this side of Christmas but I hope they are not famous last words. Tony
Jargon_Buster
02 Oct 2019
Centamin now set to drop It’s a long time until the 23rd. Maybe anything sub 120p is worth a dabble? JB
tornadotony
02 Oct 2019
Centamin now set to drop Chart gap closed. Bull trap is set and now I expect the price to fall for the remainder of the week. Back test to 121p.
tornadotony
01 Oct 2019
Missed the boat on this move Hi JB The PMI manufacturing numbers in USA set it off at 3pm London time. As soon as the news hit within seconds Gold took off by around $14 and then it just drifted higher. Afterwards the car industry from Honda and others reported drops of 14-16% in car sales during September. Out of the blue, USA economic data has gone rapidly down hill and car manufacturers can not send more cars out to the forecourts until some get cleared. The equity markets USA side went down and bond yields moved up. I have decided to stay flat and just keep my one small buy position and not chase the market moves. Part of the car problem was buyers waiting for new models to arrive and not buy old models in the show rooms. What it does suggest though is that the consumer market like everywhere else is drying up on the demand side. Quite often it happens in October as sales and Christmas season hits October and late January and February in most western markets. A couple of items I ordered here in the UK which take a week to arrive came as soon as my card order had confirmed payment and monies cleared which was just 3 calendar days. The market is always weird when China is on holiday. China comes back a week today. Tony
