Share price was GBP2 in late 2010. Arab spring saw it start to fall. Strike at mine in July 2011 saw another drop. Pressure on gold miners and further unrest in Egypt saw it fall to 60p area. Steady recovery in gold price in Sept 2012 saw it rise back to the pound mark. Court case in October and subsequent shut down of mine due to dispute with government saw it fall to 20p area. Its been rising ever since.
Yes the share price was hit first by a revolution,political upheaval and public unrest not helped by the way the mediia reported the events and then f course Hamdy launched his pontifically based claim on the basis of lies and inaccuracies with no evidence to back up his case. Yet through all this Centamin has carried on doing the business whilst exceeding above and beyond it's contractual commitments to the Egyptian government.whilst opening stage 4!
I'd also like to be clear that I'd be very happy to hear positive news from the SCC and a lift off. It's what we are all waiting for. I would be equally happy to replenish my stock and pick up more if we don't get a resolution until Q3 or Q4.
Apprehension...who wants to buy at these levels where the risk outweighs the reward? We are in the midst of a court battle that has been ongoing for some years and gold can't make up it's mind which way it wants to go, ultimately we all know it's going to fall heading into a rate increase. Traders are holding us up right now and IMO a sharp fall is on the cards. But please, don't just take my opinion...everyone here has a different take, I could easily be wrong, it's just how I feel right now about CEY.
Hi All, I'v have only been in this share for the last 6 months but very excited because of it's prospects for such a great company ! A question for the long term holders, when the share was £1.50 to £2, was the drop in share price a result if the cc, is this why the share price fell to the levels we have been ? GLA and love reading all your posts and thank you to all for all your information you take the time to post
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