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Good news - encouraging. - Let's hope it isn't trumped by an RNS detailing director sales. - There's still time I think.
Just bought back the 10,000 I got out on Friday morning at 179.8 for 157.25.
I had bought yesterday too but that was in a SIPP not ISA.
Fingers crossed that Gold marches upwards and through the 1923 resistance rather than takes another dive.
For the short termers the 30 day POG graph looking good
For the longer term, 5 y graph looking on trend to clear us$2k by year end
The 50 y graph looks to correlate reasonably (its not a simple matter of comparing numbers, as there are macros settings that should be overlain) with US Govt debt, and we know which way that is going fast
Would that not be nice to see. And if Martin Horgan really believes in CEY one would hope that he might indeed put some of his significant wealth into play here, particularly at the current price.
Liked your comment yesterday about letting the price come to you. Something I always plan to do but then fail to execute. Looks like you have got a great reentry price here.
Keep commenting please; your posts are always insightful.
Like me, I think, you are holding rather a lot of these (oh the irony of new posters thinking you are trying to deramp). It is such a horrible feeling when you get an even like Friday's and even more so when it then keeps dropping the following day. Feels so much better once we are moving back up, even when slowly which so far today it is not.
Let's hope for continued positive momentum. I can't see what black swan will hit next, but then again is that not the definition of a black swan?
On the downside I see a fall in POG. On the upside a rise in POG, which I consider more likely given the state of the world, a licence announcement, 21 Oct being reassuring and saying the fall in prod is not as much as originally feared, positive exploration noises, further director purchases (new CEO presumably will also have to buy).
Thank you Jim for buying 100k shares.
When is Martin Horgan going to make his first share purchase ? Selling Toro made him a rich man. He has already been granted 590,000 share options of 590,000. Why not take that to a round 1m and buy 410,000 shares Martin ? But shouldn't the CEO be "Uber alles" other Directors ? Well Martin you've got some catching up to do...
CFO Ross Jerrard has now accumulated 1.26m share options. Ross why not top up 240,000 now to take it to 1.5m ?
Yes Prof great to see a director actually buying and a reasonable amount. Hopefully as you say shaken out and not a bounce, a lot will now depend on POG and of course the statement the week after next, if it is any more illuminating. There have been some fabulous posts from the mining knowledgeable here and all, thanks for the comfort
Pleased with my £1.49 yesterday!
And the SP has gone up a further 3p in the time it took me to type the previous comment. Must start typing longer messages!
Trading at around Friday's close. Has the rot stopped or is this a brief bounce before another leg down.
Bought 10,000 yesterday at just under 150. Was tempted to buy more but, as I have previously said am far too concentrated in CEY. Must remember to sell this tranche on a good rise, rather than doing my usual trick of holding on until the next drop and then buying more again.
Nice to see the Chairman buying 100,000. His contract will also certainly compel him to acquire a certain number of shares so he is now doubt delighted to get this price dip to do so. Nevertheless I am delighted that he has. It gives confidence to the market and it also gives confidence to me. Not convinced he would have put £150k of his own money on the table if there was anything untoward beyond Friday's statement.
'Lack of diction is one of our least problems LOL. In fact diction went out the window some years ago, when Twitter fluttered in'
Sadly you are correct in part. However punctuation and correct use of the English language is now more a mark of the man than ever. Good grammar separates those who take the time to re-read their post and change them where required from those who just write what they think and post it without any thoughts as to the understandability of it.
At least Razor had the good grace to acknowledge his errors, he was probably tired.
Anyway, back to CEY. Indeed it was good to see the NE Chairman show support and I sold out of AVCT yesterday to add another tranche here. I'm sure the setback will be overcome and we will once again meet expectations. My only problem at the moment is how I split the considerable AVCT proceeds between CEY and SOLG, my other major goldie, with good news flowing daily on the run up to a possible offer from one of the majors. Nice problem to have.
Best in this session was $1914.58
Rutherford‘s purchase as a welcomed endorsement, the share price should have bottomed out now.
He might be saying it's all ok but his breathing...very shallow....rapid..
Not out of the woods yet....
Irresponsible twat that he is.....
Off topic...nice to see a director buy
Yeah, nice to see the chairman isn't the least bit concerned with the localised instability issue.
Just watch Trump video clip back to white house, yes he said don't be afraid of virus, we got the best medical equipment. Yes he means only him and all privilege class people around him. What about normal people who cannot even access testing kit? I know he like pull off big stunt show but this is a real bad example.
So it's all Trump again here! I thought this was a mining discussion group. Trump is despised by the political elite in Washington. He's not a politician. He's done things differently. He's kept his election promises! Would he start a 3rd WW? The guy has done far more for peace in the middle east then anyone recently and also kept North Korea onside. Hilary Clinton would have started a conflict. Joe Biden is clearly not a well man. I'm amazed that he is running for election. He's also far more of a raciest then Trump. He's had nearly 50 years in politics and achieved very little. He's also bent and his son Hunter is extremely unpleasant. Enough now......now lets talk about the mine!
James Rutherford buys 100,000 shares
coz they are so CHEAP!!!!
("Centamin" or "the Company")
NOTICE OF DIRECTOR DEALING
In accordance with the requirements of Article 19 of the EU Market Abuse Regulation, the Company makes the below notification and public disclosure of a transaction by a Director of the Company.
On 5 October 2020, James Rutherford, Non-Executive Chairman, purchased 100,000 ordinary shares in the Company at a price of £1.5168 per share.
Lack of diction is one of our least problems LOL. In fact diction went out the window some years ago, when Twitter fluttered in
How dare you suggets the leader of the free world is up for stage play! I guess he has got to keep moving as his debating skills are..original... to say the least.
I think there is a lot of interesting stage play going on, esp around the virus. The stats are bewilidering, and I am not going to suggest I have them right but some playing with numbers available...plus some science..and of course some speculation...
Some studies here by Inde Universities in Oz suggest that about 5 to 7 times more people could have been infected than has been measured (people with no symptoms and no reported illness, so they didnt bother to get tested)...If so then instead of 27,000 cases we may have had 27,000x5 = 135,000 cases.
Base assessment is that 80% of fatalities are of people over 70 year old, and 90% had pre-existing co-morbidity...which means if we had a more science and logic based mangement program that focussed on the vulnerabel instead of state government boundaries and petty ideological politics, the fatality rate might have been say 100...basic idea could have been to accept the recomendations of the royal commisson of 2019 and better resource and manage the aged care homes...ho hum?
This leads one to stats like 100 deaths from 135,000 cases over 9 months, supposedly from the virus. The death rate from non-virus respiratory cases (flu, pneumonia etc) runs (historically) at 1,000 per month...so in the same time we have supposedly have of the order of 9,000 non virus related respiratory related deaths, and so total either 900 for the virus or could have been 100 if there was a non-political, science/logic based mangement...
and on it goes...off topic, but the fall out for Oz is a humongous budget deficit, mass bankruptcies, mass anxiety, take over by the govt (we are here to help you, grief, shiver), loss of civil libeties by the bucket load
Looking forward to gold higher and CEY with it!
Diction, diction, diction!
European stock indexes rose in premarket trade on Tuesday after United States President Donald left the hospital where he was treated for COVID-19 and announced he will resume campaigning soon. On the data front, investors awaited factory orders figures from Germany as well as construction PMI numbers from the United Kingdom.
The FTSE 100 added 0.19% at 7:36 am CET, the DAX increased 0.21% at 7:39 am CET and the CAC 40 was up 0.20% at 7:32 am CET.
The euro gained 0.06% against the dollar to sell for 1.17892 at 7:41 am CET, while the pound traded flat compared to the greenback to go for 1.29860 at the same time.
Breaking the News / NP
Sorry for the lack of addiction in my last post.