Mickey: When I said i`m exposed to a downturn. I mean that with my holding I will be losing approx £1500 per 1p drop. So, I am cutting down my exposure as I (correctly) forecast a reversal in the sp, therefore saving myself some fall in profit. I am not suggesting that CEY is in a long term downturn as I also have faith that CEY will come good...eventually. Just that there will be opportunities to get out and back in at a better sp, which has proved to be the case in this instance. It just depends on the view you take! Destitute: I have not said CEY is oversold today so not sure where you got that from. I have a view however that it may well be the case. FWIW Against the seemingly popular view, I anticipate that CEY will slip a bit on the lead up to the June announcement and that there will be plenty opportunities to top up in the next couple of weeks. Just my view! ATB GL Rich
Am I right in assuming that only issue with us is pending court case. Once it is settled in our favor there wouldn't be any stopping for SP. We should go up if economy does well, but it should also go up if economy goes into some trouble as in that case we will get benefit of high gold price. GLA
I would rather they go for a share buy back rather than a special divi at this stage as that will strengthen the company whilst not upsetting the Egyptian government and also push the share price up! Tibbs
Good on you for taking profits but curious to know why you think this is in a downturn? Spot golds down by 1.88%, miners down 2.58%. Both of these a fall back off back of the Moodys US debt warning rebound.As for CEY, indicators show its oversold. CEY had no volume today. 4.8m / 30 day avg 9.4m. Hardly a retrench IMO.
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