Centamin PLC Share Chat (CEY)

What a great national sport!

Another "Boozer!"
Great that beer is cheaper than water though!
https://www.youtube.com/watch?v=APXDT9lCyxk

Sorry video link didn't post here it is
Boris liked a drink, or two!
https://www.youtube.com/watch?v=v9YnDirqwT4

and Australia (hic, pass the bottle)...

the gnome

Yes Mr T, but of course Boris was not alone. Drinking is a national sport in Russia, Finland, Latvia (etc)

Boris yelsin drunk

Disributive chaos of governments...but there is more....

lets add, endless litigation, corruption, incompetence, emotive spin, plain stupidity, lost ideolgies that have only worked in books ~150 years ago, worked fine between drinks
https://lordsofthedrinks.com/2014/11/06/karl-marx-the-drunkard-who-laid-the-foundation-for-communism/
and that have never worked in the real sober world for some peculiar reasons which escaped me and many others...

great entertainment,

Recount? Read audit, legal challenges...which will go on for a long time...

Bitcoin lobs a bit behind gold in terms of an independent currency/assett. Just sailed through us$15,000 as the shoot out at the O.K. Corral moves into full gear. This indicates gold has got a lot of legs in the next 6 months to 5 years!

https://coinmarketcap.com/

Hard to believe the amount of nonsense going on int he USA. Dead man winning a seat in N Dakota,
https://www.washingtonpost.com/nation/2020/11/04/covid-candidate-north-dakota-election/
7k dead voters requested mail and ballot in one Michigan county. The election software system in Michigan that switched 6,000 votes from Trump to Biden is called "Dominion." It is used in 30 states including: ??Nevada ??Arizona ??Minnesota ??Michigan ??Wisconsin ??Georgia ??Pennsylvania.

And on the debacle goes.
https://thedonald.win/
Literally a laugh (or a gasp) a minute!

The results will be in the law courts for years to come. Interesting what is not being reported. Are the streets of New York really safe to walk down? What time of day? Muggings? Intimidation? Coercion? The mass hysteria (media) has hit new depths of despair. Fact checking (and censorship by the media) on the run. The polling process ..give us a break! Why are they consistently over-predictiing the ascendancy of the Democrats??

The governments will pass printing money bills ad nauseum, the value of the dollar can only be propped up, until it ultimately crashes. Time for another war on (T) error. Good time for investors, good time for China...

Hard to feel anything but contempt for a system so flawed

Good times for goldies.

best
the Gnome...beach, bunker, sense of humour

The stock reaction to the gold price is limping because the market is waiting on a mine assent report due in early December.
In my opinion this is an excellent investment opportunity because the discounted price won’t remain for long.

nuts how gold is at 1950 and this is only up by 1% and hoc went up by 9% ... crazy. when gold was 1910 this went all the way up to 142 lol

06-Nov-20 14:53:49 129.50 654,956 Unknown* 131.15 131.35 848.17k O
06-Nov-20 14:53:48 129.50 654,956 Unknown* 131.15 131.35 848.17k O

I see CEY making up for lost ground in June the Gold price was 1600oz today heading towards 2000oz - The lower grade might not be too much of an issue if more of a lesser grade is mined on raised prices. We await a more ambitious upgraded report from Centamin very soon too.

so looks like to me someone dumped 654,956 shares @ £1.29.50 and I think they then bought the same amount back but will need to check here if they were sells or buys. ???? happened at 253pm today ....strange goings ons.

Gold/Silver moving up to a higher level now. Not surprised by all of the legal activity and question marks raised over the US Elections. It looks like some of the states are going to be very close and a re-count may take place so the end result is not here yet which is fueling naturally the precious metals market price. We are rising as a result. We also still await a positive report from CEY and we will be back over £2 a share again.

Could easily be another takeover attempt at these extremely cheap prices, medium term this share will be back over £2, once all mining issues are sorted out. Extremely undervalued with gold price so high, it should start motoring back above £2 soon

Theres gap at 155p and 190p that needs filling, any expert chartist view plse thanks

European stocks were lower in premarket trading as the number of COVID-19 cases on the continent continued to jump, with Germany recording a new daily high of over 21,500 in infections. Meanwhile, the earnings season continued as Allianz posted its quarterly results.

The DAX decreased by 0.58% at 8:01 am CET and the FTSE 100 was 0.37% in the red at the same time. France's CAC 40 lost 0.66% at 8 am CET.

The euro was flat compared to the dollar, changing hands for 1.18296 at 8:01 am CET while the pound decreased by 0.12% against the greenback to 1.31270 at 8:01 am CET.

Breaking the News / VP

Happy Friday y’al
The Chinese man that takes care of import export sanctions will be on the beer in celebration.
Bye bye Donald!

Production setback

Centamin’s business and shares were performing strongly earlier this year. On the back of a higher gold price and production, it reported a 57% increase in first-half revenue and a 280% rise in earnings. Its shares reached a high of 232p in August.

However, last month it announced it was deferring production in one zone of its giant Sukari mine in Egypt. This was due to movement in a localised area of waste material. Subsequently, it revised its 2020 production guidance down to 445,000–455,000 from 510,000–525,000 ounces. Furthermore, it gave 2021 guidance of 400,000–430,000 ounces.

At a current 126p, this FTSE 250 miner’s shares are 46% below their August high. I think the fall is way overdone. At less than 12 times forecast 2021 earnings, and a prospective dividend yield of 6%, I reckon Centamin is another stock capable of delivering high returns for buyers today.

https://www.google.co.uk/amp/s/uk.sports.yahoo.com/amphtml/news/3-ftse-250-recovery-stocks-151933430.html

Looks like a good result for gold, short and long term. The value of money is going down, as the supply of money goes up, and producitivty earnt by that money gets lost in the distributive chaos of governments

best of luck all

the gnome

Some states are reporting they will not finish counting until at least next Tuesday - what with new ballot box's being found and Legal actions being taken against some states and not others this cannot help the USD but could help us for the end of this week. I have seen Comex futures is up for Gold and no doubt the far eastern markets might buy in the precious metals on the back of the goings on. Unbelievable.

Oh my Mrtibbles the dreaded bridging loan... it was like dancing with the devil. Expensive short term loan.
By all you’ve listed I can conclude you came up the hard way but driving ex-government vehicles was common enough around our way. Nobody had any cash, it was all accounted for before it was earned.
By the very nature of things kids have it easy. Cars were unreliable resulting in everyone learning how to lift the bonnet and sort it out. Now the cars are all really reliable and the youngsters haven’t a clue on how to fix anything.
This way but once! Once is enough.

Like Hoc it took a long time in the day to get the cylinders warm and then we were off. I feel sometimes buyers are wrapped up in other shares and cannot come in until they have released their funds. However even when/if we have an update on results soon I seem to remember Centamin had some unsold gold at the last update well if the Gold price continues its upwards journey even the Stock in trade will be worth more. The hold was movement on a small section of the mine that was bringing out top quality gold and so it as felt production for the year will reduce as they investigate and move production to a lower grade, but they have said the movement was most likely caused by underground water and they have pumps working to see if that helps stabilize, if it does I seem to remember them saying they could continue underneath. After following Australian Gold miners water courses and gold seem to go together so it is one of the hazards to go with the better quality seam I suppose. Once we get to 2,000oz (if we do) I am sure we will be up and running.

supercharge how come cey hasn't moved much today compared to the other PM miners ?

Razor's for some reason my last message posted before I had finished, I also recall mortgage rates at 15%-16% , my wife had a decent job as a postal officer in a Crown office, I was a junior manager in municipal public transport ,also a reasonable job, but they would only take my salary into account when we applied for a mortgage as women were likely to have babies,so even though we had both saved on a regular basis with our building society the max mortgage offered was £16,000, with a 3 months wait before that money was available, in the meantime we were forced to take a bridging loan to cover the house purchase until the building society released the funds.
I drove an old ex council escort Mk 1 van cost£130 at the auction,all our furniture was either from auction or other peoples cast off's the TV was a B+W ex radio rental cost £10 and our three piece suite was black vinyl on bought for £12 from a mate, we did have a new gas cooker from the gas board on instalments added to our gas bill.
Then came along Thatcher with the privatisation of anything publicly owned and the systematic attack on negotiated terms of employment with the threat of redundancies in most sectors, apart from on the City exchanges where the yuppies changed their Porsche’s rather than wash them from the loads a money they made out of selling to the people what already belonged to them.
Strange how some of today's politicians and even some journalists claim we are the generation that had it all so easy.
No doubt today people’s expectations and attitude to debt have changed and second-hand is no longer acceptable when you can have everything new on the plastic and worry about paying for it sometime in the future or getting Mom & Dad to pay for it.
As things stand the whole system is based on consumerism funded by debt with governments printing ever more fiat money and kicking the can further down the road in the hope they will remain in power