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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Centamin Egypt Share Chat (CEY)



Share Price: 150.40Bid: 150.40Ask: 150.50Change: 1.90 (+1.28%)Riser - Centamin
Spread: 0.10Spread as %: 0.07%Open: 150.40High: 152.10Low: 149.90Yesterday’s Close: 148.50


Share Discussion for Centamin Egypt


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realdeal2
Posts: 1,049
Off Topic
Opinion:No Opinion
Price:150.30
RE: sorry typo
Today 11:27
I'm glad cey not bidding, it's bonkers law, better to have a special divi
 
Marmot74
Posts: 792
Off Topic
Opinion:No Opinion
Price:150.30
sorry typo
Today 11:14
4th para it should read "..."turf war..."
Marmot74
Posts: 792
Off Topic
Opinion:No Opinion
Price:150.50
Egypt concession areas
Today 11:12
Reuters report (click share news above) that Centamin will definitely not bid in the latest gold exploration round.

So the only gold producer in Egypt which has : the only producer mine in Egypt; a proven expert mining team; a cash pile for investment; no debts; existing infrastructure and water, electricity; an expandable mill; and a large truck fleet.

Is not bidding. Well it is going to be very interesting to see who on earth thinks that they can make the terms work and make a profit.

The hubris of sticking to their model and mindset and turk war between the ministry and EMRA will probably ensure that another 6 months has been wasted. Centamin management are patiently waiting for sense to prevail as it will have to if Egypt is to expand its gold industry.
realdeal2
Posts: 1,049
Off Topic
Opinion:No Opinion
Price:151.40
RE: In the last fortnight
Today 09:36
1st resistance smashed next 152.3
realdeal2
Posts: 1,049
Off Topic
Opinion:Strong Buy
Price:151.00
RE: In the last fortnight
Today 09:17
6 days time for results, gold going up nicely, and l2 is Fantastic, I think we might get a break out
uncertain
Posts: 526
Off Topic
Opinion:No Opinion
Price:149.50
In the last fortnight
Today 07:26
gold has risen in value by about $30 but only £2. What is happening at the moment is a fall in the value of the dollar which has come down by about 3% using the dollar index since its high point at the turn of the year,

This morning gold is up in dollars and no doubt CEY will respond accordingly. Gold, however, is flat in pounds over the weekend so for UK shareholders there is no gain. I wonder if the current recovery in the share value is being driven by US purchases? Certainly this explains Blackrock's interest
Sotolo
Posts: 40
Off Topic
Opinion:No Opinion
Price:149.50
RE: re RE: The Emperor Trump
Sun 18:16
I come to the conclusion as
A. Centamin was half the current price when POG was 1210 on the way up a year ago
B. Centamin has risen 30% in a month in anticipation of rising POG
C. The market is one like any when more buyers makes price rise, more sellers fall. Buyers buy in anticipation of what will happen next, sellers sell also in anticipation. Therefore the shares tend to rise and fall in expectation of gold price moves
D. The price seems fair now, Barclays forecasts PE of 13.8 next year and 14.4 year after. There is the uncertainty of the Egypitianlaw and also further exploration on which future depends

I am all back in as I like CEY but it seems fairly valued, at current POG, and gold price is determined by how many people want it, so like house prices they may be high or low but are what they are, because of supply and demand, and especially expectation, the future depends very much on what the dollar and interest rates do.

Good luck
Trickyhilly
Posts: 159
Off Topic
Opinion:No Opinion
Price:149.50
British empire
Sun 15:01
Mr tibs that book title, are sure its not about islam.
Trickyhilly
Posts: 159
Off Topic
Opinion:Strong Buy
Price:149.50
Re POG
Sun 14:55
Repression you are my kinda guy, well said if we had leaders with backbone like Mr Trump we would still own the world instead of being repressed in our own country, and as for Merkel don't get me started, Good luck to you and all,
mrtibbles
Posts: 6,510
Answer
Opinion:No Opinion
Price:149.50
British Empire
Sun 11:30
www.palgrave.com/us/book/9780230241275

Thanks RealDeal2

Donald would love this!




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