I guess there's a few of us who have miss the boat just got to sit tight and hope another comes along soon, great to see the positive posts still coming in which is keeping my spirits up; Just been looking at the LSE 3 month chart and comparing when gold peaked how much CEY has been hit to our counterparts ( I know stats maybe not 100% and not mean much ) ;GOLD 2nd May $ 1300,- 27th May 1212 down 6.7% ACA 2nd May £ 3.52, - 27th May £ 3.10 down 12% RRS 2nd May £ 67.70,- 27th May £ 57.35 down 15.3% CEY 2nd May £1.21,- 27th May 95.5p down 21%
Yes I was down, not so much with our share price but the way that Yellen and the rest of the FED string this rate rise out,which I suppose suits the MM and the like! If they are going to raise rate then do it,at least everyone would know where they stood, although that wouldn't suit the MM would it? The other hing is that I know the case against Centamin is an absolute crock of Camel dung!
Hi Tibbs. Just a little light hearted food for thought for you after your friday downer. With hindsight we would all have taken some profits at £1.30. The senario now reminds me a little of Deal or no Deal, We have several things in our favour A potential gold bull run, positive CC outcome,possible takeover somewhere down the line leading to a sp of £1.50 to £2.0 min, on the flip side the opposite of these things could go against us with a sp of £0.50. We will all have a different opinion of when to deal. In my opinion we are all invested in a great company and still have a great chance of a big pay day,with maybe a little profit taking along the way being the best option for me. good luck all which ever price you deal at !!!!
Your thoughts Rebess are along the lines of mine and if Centamin were in doubt about the 160sq km area knowing the company as we do they certainly wouldn't be working there and even more certainly wouldn't be publicising the fact with the court case on gong unless they were pretty confident of the outcome! EMRA will be aware of this activity in the 160 sq km and the Egyptian government will I am sure see that the successful opening up and mining of this area will increase turn over and could get them into sharing an even bigger profit all the sooner! What a pity so many annalists still don't seem to fully appreciate the potential of Centamin and certainly this proves how unjustifiably harsh the MM are on Centamin especially over the last couple of weeks! Tibbs
Good morning Chas - Thanks for the link. - Exciting isn't it? I do like the fact that as new areas of the 160km are opened up they are within trucking-distance of Sukari. - This in itself has got to be worth many millions. - No major capex required for the production of the exploited gold. If things go to plan at Burkino Faso and Cote de Ivorie and this is added to the mix, what price Centamin, even at todays gold-price. If you then consider a significant increase in the POG, where will that take us. - I'll leave it at that, my mind is running away with me. :-) - cheers. -
ps. - I note that the company takes the 160km area as a given. - No mention of the cc. - A good sign or what?
Just ask yourself if Centamin were in any doubt about the validity of their licence, or their relationship with the Egyptian government EMRA then would they really be showing future prospects such as this?
The current 1.0Moz Measured and Indicated underground resource represents a "FRACTION" of the total resource potential that Centamin is in the process of defining, developing and ultimately exploiting from the Sukari underground mine operation. http://www.centamin.com/production/sukari/exploration
Glad the you are thinking of joining us in the "Big Bed" on our journey!
There is quite a lot of information regarding the court case on the Centamin website which you may have looked at and ti be fair to them that is accurate and true, the company has great integrity in my opinion.
We are lucky on this board to have Siko our very decent Egyptian friend who keeps us up to date with accurate information on the real situation in Egypt regarding events and especially the court case which was never really about Centamin, but one politician trying to score points on his opposition and the government of the day, Centamin just got caught up in the case without them being aware initially. have a look back at page 5 Siko has posted two very important pieces the should help you in your quest for information on the court case. Also remember that the Centamin is in partnership with the Egyptian government EMRA and the original licence is enshrined in Egyptian law, very important but sometimes forgotten by people including me! Also rememberer the Egyptian media is no different to our in the way it likes to sensationalise everything and the articles are always open to interpretation as to finding the truth, which is where Siko and our other contacts are of great help!
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.