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European markets headed for gains ahead of the opening bell on Tuesday as investors looked ahead to the data releases on industrial production in Germany and house prices in Britain. The positive sentiment appeared to be driven by the report on Eurozone's investor confidence, that pointed to a moderate recovery for the fourth consecutive month.
The French international banking group, Paribas, posted a €50.42 billion full-year revenue, while market participants anticipated the fourth quarter financial report by the British energy company, BP.
Frankfurt's DAX rose 0.26%. The Euro Stoxx 50 gained 0.30% London's FTSE 100 climbed 0.08%. The CAC 40 edged up 0.36%.
The euro was up 0.09% against the dollar, to sell at $1.07398 at 7:59 am CET. The pound sterling traded 0.11% higher versus the greenback, changing hands to $1.20374 a minute later.
Baha Breaking News (BBN) / AB
You Johnny-come-lately shareholders contributed nothing to the capital of Centamin, you bought shares on market & took your risk, your capital went to other share traders as the company was in the position that it did not need further capital thanks to the work of previous management in particular Sami’s tireless efforts.
Try to keep at least some scrap of reality in your constant efforts to besmirch the accomplishments of the people who transformed CEY from a piece of desert into a multi-billion dollar gold miner!
105.45p +1p
The Last Pattern: BULLISH HARAMI
"A bullish harami is a candlestick chart indicator suggesting that a bearish trend may be coming to end.
Some investors may look at a bullish harami as a good sign that they should enter a long position on an asset."
Chart with points ... https://uk.advfn.com/p.php?pid=chartscreenshot&u=PGaHtvNyoob4uRg%2BtFGOtWQeUEvp52zEDDTkpaxNjr0%3D
Mr t.
You forget that Sami el Raghy is still a major sharehoder,by far the largest individual holder.
Who formed this company and brought in more people.
Sami was the Expert Geoligist and Businessman ,who negotiated with Government and recieved the concession aggrement, Egyptian /Australian ,I add, he stepped down from chairman not long ago.
The powerhouse . But not without influence even now.
What members of his family did or not , must have been a humilliation ,.
Even he must have been decieved , But it is all history ,and unlikely to happen again, it is the future ,not history that is important.
I prefer to look to the future.
Hi Bobliz,
You make some very good points, in truth if it were not for the outside (we shareholders) funding of the Sukari project well over $1 billion and the bringing in of foreign mining expertise then it would have never got underway to any commercially viable extent let alone this far, the Egyptian side would still be squabbling about it whilst the artisanal miners came in scratched about for the good bits ore and ran off with the swag!
As you rightly allude to maximising profit at minimal cost in as shorter time as possible to please their Egyptian partners was as we are now aware the priority and this was achieved by by risk taking, bad mining practice and intentionally glossing the unsavoury truths whilst paying an unsustainable dividend and unjustifiable directors bonuses!
We were in short taken for "Saps" for far too long, or until the crack in the wall exposed the truth and now Martin Horgan has to try and turn things around!
Tibbs
For any bounce or drop there's needs to be a reason and not a chart says so- the amount of times i hear "gap filled", "it's on the..." and so- gold can only go up or down so of course it's right from time to time - but it's events that create the moves, and these ever ya are reflected in the charts - trading on data points and markers gives the best chance- eg dump of the stella NFP Friday for example. I've said this so many times over the years- equally RNS cause moves- the rest eg endless speculation outside of this, twitter birds etc does **** all to the SP. Mining stocks are so linked to their commodities that sentiment also plays a big part
Hi Tibbs and Mr Bond fascinating discourse you have started on this board . May I put my jaundiced , inaccurate and naïve thought just to expand the really fascinating debate but if told to duck pout happy to do so.
Sukari was the first major exploitation of gold in Egypt formed in politically difficult and less than stable times. A J.V for want of better terminology with basically the Egyptian Government (whatever the Ministry it was officially linked with)
It was essential that Sukari performed and contributed to the Government coffers to avoid the nay Sayers who wished to stop or bring it into a full Nationalised regime. It was therefore Absolutely ESSENTIAL that the profitable demonstration of success and contribution to the Government as Partner was imperative to the Pardeys and Raghi's Joseph et al. If a few bob could also be made then so be it. To be frank the action by Pardey and the CEY board (including the joke non execs) was not of a higher moral driver but self preservation and exit with life changing cash. Just my biew chaps and have no wish to defend it or otherwise.
Present SP is only a reflection of short term traders who always latch onto a volatile share with good swings. Balance sheet, resources, sustainability reducing AISC , proven management, good divi and prospects are all I now trust in. Geo politics is the bummer but becomes a contra play for gold price.
Great board , keep the contrarian opinions coming guys whilst remaining respectful colleagues.
Kindest regards to all
Bob
I agree, lets hope that the bounce in POG and Centamin is is a bit more sustainable this time!
Fair enough, not really bothered by intraday movements.
Hi MrBond,
I am quite clear whom I hold to blame, Andrew Pardey, Youssef El Raghy and the BOD at that time,subsequent events are proof they were in varying degree negligent, complicit, inept and less then honest .
They had scant regard for upholding the best interests of shareholders in many respects treated them like mushrooms!
Clued,
I agree regarding the unexpected in life, however that doesn't seem the case here, Pardey was all too aware of the existence of what he claimed in 2018 to be unexpected grades over three years previously but instead of being honest chose to gloss over the impending ongoing problem and mislead shareholders and the market!"
mrtibbles, unfortunately in all aspects of Life we never know all the true facts. It's the nature of Humanity !!
106p +1.55p
Two days of overrun drops were the signal of bounce back this morning
Since is going places on reaching 106p already from the low of 103.65p very early this morning
3 days chart.... https://uk.advfn.com/p.php?pid=chartscreenshot&u=WfPYbsI2Vt4yxwRx8Sk4DcRCrpPzCKFUPC5iQUO866c=
Not so clear as that, Who do you blame the Broker or company .
Also are Goods on closer inspection , stock market buys.
Tied up in law for years ,the only winners the Barristers.
Read Estate Agents exclusions and conditions, Page upon pas=ge of small print.
Stock Market trading will be the same.
Incidently Insurance companies protecting them are unlikely to pay . The costs of such are down to the Plaintiff. Thats even if you manage to get the regulators to be interested.
Re Caveat Emptor,
There re however important exceptions such as -
If the seller obtains the consent of the buyer by fraud then caveat emptor will not apply.
Also if the seller conceals any material defects of the goods which are later discovered on closer examination then again the buyer will not be responsible.
In both cases, the seller will be the guilty party!
It is true a big buy by Martin Horgan would be nice to see, -----but regular buys of 20,000 + by the rest of them would show a bit of solidarity and may give a bit more confidence.
Quite so Geo1539,
The BOD, Pardey , Youssef were well aware that if we knew the truth we would have all bailed out, that's why the kept glossing over the cracks since 2015!
Hi Mr Bond,
I don't recall saying anyone should agree with me or accept my opinion , just that they are entitled to know all the facts and be told the truth.
Bing cautious in decision making is always wise, however without being aware of all the true facts then any decision is a gamble.
Mr Bond,
Most people wouldn't have touched Cey at £1.00 if they knew the waste product was not being shifted at the same time as the gold was being shifted.
They shouldn't have set out to get the ozs without clearing the waste as they went along.
IN law, Caveat Emptor, Let the buyer beware.
Thats why Estate Agents are hated by many.
Absolutely Paul,
You are right they are counting on us nor daring to go to the regulators for fear of undermining market confidence i the share!
if they really believe in what they are telling us then they could but half a million plus each year until the recovery, messing about with 50,000 shares is just going through the motions for the sake of it, its demonstration of true belief and commitment that's needed now, rather then management sales speak and taking the wages whilst we shareholders take the all the pain and the risk!
A management buy of half million by Martin Horgan and others must have a positive effect!
Until I see this or some proof that things are really improving then I remain very wary!
Tibbles ,I suggest you read my post again.
I am not defending anyone.
No matter what the company or individuals are, as is always , caution.
At the end of the day investment decisions ,unless you trust Brokers, are solely down to me and my loss. Companies and the Stock Market have many crooks ,and 9/10 if to obvious they find another post in another company . Seldom prosecuted.
Dosnt seem fair ,but thats the world of Business
You sir Tibbles , have your strong views ,and are unlikely to change them, that is good ,but do not try speaking like everyone must agree ,and listen to you.
3Bear
re - me no understand
One thing is for certain,
The BULLs are going to get YOU
re - What I do know
Look for cover
the bear drop is over
Intraday chart... https://uk.advfn.com/p.php?pid=staticchart&s=L%5ECEY&width=475&height=330&p=0&t=1&cb=
105.10p +0.65p
We know what has gone on Mr T and it is a pity that no one is accountable for it. Sadly if the investors who were duped by the goings on, took some form of legal action, it would just make things worse for investors.
As you said--we were going off what was being reported .
Im hoping we stay above a £1 , just as it looks better, but I will be reinvesting my dividend again when it is due (always seems a long time off).
I suppose we have to cross our fingers that gold rises in the mean time and that basle 3 actaully does some good.
As I get older and even more cynical, Im wonder wheter the US and the UK are going to blag their way out of a recession again------and the fat cats will get even fatter and the national debts will get even bigger.
i think every time it goes a bit quiet for Centamin, we could do with a few director buys to give confidence. 20,000 at a time would not hurt them at all.
HI 3bear,
I used to have medical insurance, etc with SAGA, no more, terrible experience a couple of years ago!
Sage was once a great organization set up ans successful in fighting for and ensuring fair practice, prior to going public!
Then it all went wrong , all the principles and values went out the window it was all about maximising profit, cutting cost, handing over control of its core business including insurance polices to the likes of AXA ,sacrificing real core values for corporate bullsh*t!
It's now no different most other plc's , not to be trusted!
Once the private sector gets hold of a service it's ******ed!