tornadotony
23 Dec 2019
Piled in more Centamin edged down as I bought in. All the miners getting held back despite gold and silver moving up. The rewards for buying now to appear later on. I believe the miners will breakout at some point regardless of on-going bid on CEY which is useless and actually quite offensive offer to Centamin shareholders.
tornadotony
21 Dec 2019
First buy at 112.98 I will be 100% in before 6 January on what I would like to invest in. I would not worry about missing the exact bottom but act on your target price.
Jargon_Buster
21 Dec 2019
First buy at 112.98 I think there is money to be made at these levels. If only I was as brave as @tornadotony. Very surprised to see today’s large drop especially following on from yesterday’s drop. Centamin is at a tempting level even if we ignore merger talks. Should we get an extension and should Endeavour up their offer this could get very profitable. Lots of maybe’s. On the downside if the talks stall then we might see a big drop below current levels. For some reason I sense more downward pressure. Once again I find that I’m waiting for prices below 110p. JB
tornadotony
20 Dec 2019
First buy at 112.98 Opened Centamin (10K) and Polymetal (1k) positions. Holding on what I have already on Fresnillo. Expecting a major rally sometime in January.
Jargon_Buster
03 Dec 2019
Endeavour takeover/merger offer All bets are off. This news throws a spanner in the works. I doubt that anything will come of this but it means the SP will be totally unpredictable for some period of time. Much too risky. Although should the SP hit a 12 month low during these shenanigans that might be tempting. Still if I’d bought yesterday at 109p I definitely would have sold this morning with a big smile on my face. We can but dream JB
tornadotony
03 Dec 2019
Endeavour takeover/merger offer Took all orders off as now extremely high risk. Endeavour does not understand how the Egyptian Government will respond. There is a risk of Sukari asset now being seized in my opinion and the stock crashing completely. This is not a Barrick taking over Randgold.
tornadotony
01 Dec 2019
To JB JB 1440 gold= 108p. 1420 gold= 106p and 1400 gold= 104p is your clue. It may not happen at all and may not necessarily correspond. Tony
Jargon_Buster
01 Dec 2019
To JB You never mentioned your order prices. Perhaps you prefer to keep that private which I can understand. Sometimes I think I share too much information which can affect ones decisions sometimes. I can’t seem to get a price on £80k worth in one big purchase so, if I were to buy in, it would be £40k first. As you probably know I’m all in or nowt, but I haven’t made a decision on that should I get an offer price <110p. JB
tornadotony
01 Dec 2019
To JB JB I have left three buy orders on Centamin. They will either go through or I miss them. I have opted to run at 65% invested if all those orders go through in comparison to the summer. This is my last message until after Christmas. Tony
Jargon_Buster
29 Nov 2019
To JB Cheers @tornadotony Likewise I hope Christmas is good for you and yours. I note that Centamin closed at 188 CAD in Toronto, equal to 1.09p. Maybe I will get a second chance if I’m brave enough to take it. I wouldn’t plan on holding very long, especially not up until the report comes out. It’s been a long time since a market meltdown. It’s the luck of the draw if you are in cash when it happens. Impossible to time that one. I feel Trump is becoming even more unpredictable, if that’s possible. He’s annoyed Beijing with the signing of the law backing the HK protestors. I don’t think that bodes well for the trade negotiations. Bad for the world but perhaps good for gold. Interesting times Tony. JB
tornadotony
29 Nov 2019
To JB There is always another bus! There is always an alternative investment in the same sector. As an aside Fresnillo should have a presentation on its website on Monday. I will be leaving a Centamin order on the book in December. It either happens or it doesn’t. Who knows what their 4th quarter production report will look like. I am taking a break from all the websites until after Christmas. I am in cheap on two shares as best as I know. The entire stock market could collapse in 2020 and cash could prove to be the best bet. Hence my entries may be less than half weight on those invested in the summer. Only Centamin is possibly being bought above multi-year lows. Merry Christmas to you and your family JB and remember to top up the Vitamin D levels this time of year. Either tablets or hols in West indies but both apparently work well.
Jargon_Buster
29 Nov 2019
To JB @tornadotony I was out shopping this afternoon, wasting money on Black Friday ‘deals’. So I wasn’t watching Centamin. Looks like we touched 110p again but didn’t drop below it. I would have struggle to put my money where my mouth is but could have been tempted. Now I notice that PoG jumped $10 round about the close of business. I keep repeating under my breath, “patienceâ€. Maybe I could miss the boat, then I mutter “don’t panicâ€. I’m off to a Christmas lunch at 2pm Monday so it might be Tuesday until I can watch and see what happens. JB
Jargon_Buster
27 Nov 2019
To JB @tornadotony I can’t believe how alike we think. My exact thoughts today were if we go below 110p again I should jump in. I thought to myself that I just might have missed the bottom. I’m still very hesitant but my gut is telling me that once again an opportunity is arising. I’m also feeling a bit more bullish on PoG. I read an article recently in Yahoo finance that was very positive about gold rebounding within the next 12 months. I try not to get too distracted by PoG as Centamin can sometimes do it’s own thing and isn’t always connected. I can see your Fresnillo investment recovering soon too. You might have been a little bit early jumping in but one can seldom buy at the exact bottom, I seldom did. I’m aware that the next Centamin report comes out January 15th. I’m wary about holding shares around reporting times. I’ll keep you posted if I decide to put my cash pile on red. JB
tornadotony
27 Nov 2019
To JB JB I may see a bottom formation on Fresnillo this week. If it breaks 585 on Monday next week the bottom on Fresnillo will be in. Jury out on Centamin but if you see 109p ish again this side of 15 December it may be worthwhile taking a punt. I am 30% invested and may just stay put at that level and be satisfied with 2019 achievements. What I have put on could make 10-12k in 2020 and that will keep me covered against the on-going inflation rate. If it moves against me I have a double up and half again chance to get entry positions right. Good luck with CEY if you go for it. Tony
Jargon_Buster
26 Nov 2019
To JB Centamin’s reliance on basically one mine is definitely an issue. The current activity on solving that seems a bit lackluster. For the time being it does seem to give some SP stability as they aren’t spending large sums on development. To be honest I’m not that interested in the future of the company, just the potential for myself to make a profit. I can’t remember the exact estimate for the life of the current mine, I think somewhere around 10-15 years. I would be very surprised if I were investigating in the stock market then. In the meantime I still see potential in milking the ups and downs, perhaps for a year or two more. Maybe if I were to make another £10k I might quit but I’m aware that it will be hard to close my trading account. JB
