I've just taken a huge (for me) position at 85p. Early bird and all that. I expect to see money start to arrive August picking up strongly towards September. 2nd week is my guess giving everyone a week to settle after school hols.
Patience and early investment IMO will win the day...if you call just 8 wks patience. Those who want to play the market for this time good luck to you but the biggest risk will be paying £1.30 a share
If this really was tracking the PoG, we would be considerably higher based on the fundamentals here. Two things I find hard to understand - why the PoG remains at this level or slightly down with all the turmoil across the globe - and, why this Sp seems set in concrete for so long bearing in mind the obvious potential and basic resources in the ground?
I think that the Centamin price has never really recovered from the political problems in Egypt. I seem to remember that they announced record sales in the same year. It didn't help them, but the last 6 months look much more promising ... for the SP at least.
Can't remember the last news item I saw on Eqypt ..... hopefully that's a good sign.
CEY are probably a good buy, but the political risk will keep many away
yes. Looks like all options under £1 are exhausted now.
Which is good on one hand, but makes them pretty useless when the SP is at current levels. I hope the market reacts more rationally when the PFS arrives. IMHO. The recent valuations from Numis have been absurdly low and have damaged the progression of the SP here.Though this just seems to be tracking the PoG at present, but at a massive discount factor.
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