Centamin PLC Share Chat (CEY)

Hi guys and pushme :-) - have a look at this/

https://youtu.be/lJ5wpWkdpjw

Hi Cowichan - My understanding here is that the Canadian detentions are a quid-pro-quo for the detention of the Huawei CFO. - The Huawei detention being a chess-move ahead of Trump's meeting with the Chinese president.
I believe the USA instigated the move and Canada couldn't refuse. - That's what I've been able to pick-up over here.

Rebess - I agree that the USA has the biggest stick and the biggest ego.

That said the USA also has a great many decent people who don't like the way their country is being led.

On a side note I was wondering how the British media is treating the situation with two Canadians being detained in China with suspicions of endangering 'national security.'

As much as I disdain the strong arm tactics of the USA it may be China that we all should be worried about long term

closed at the highest weekly close in 18 weeks, or 4.5 months.

CEY was the only LSE gold producer to close higher. On a day when gold has been lower all day against a stronger dollar Index at 97.49 +0.40 +0.41%. CEY has also risen while the GDX ETF is trading lower at 20.29 -0.19 -0.93%.

Encouraging signs of institutional buying over the last couple of days and position taking ahead of the expected, and therefore priced in, Fed rate rise next Wed 19/12. For the last three years gold and CEY has had a nice rally after the Fed rate rise.

There's a far bigger consideration in my view and I suspect behind the scenes is pulling strings in connection with Brexit. - The U.S.A. - It's gotten to the point now where they dictate the fate of Europe. - They tell Europe and most of the rest of the world for that matter, who they have to have as friends and who they have to have as enemies and woe betide any that do not toe the line. IMO

Live RT America interview last night with Commissioner Bart Chilton who starts by validating Andrew Maguires gold and silver manipulation evidence which he provided to the CFTC proving that JPM was manipulating silver and Gold & goes as far as to also validate the JPM /Bear Sterns manipulation event https://www.youtube.com/watch?v=Bf8HMgSH050 We move onto Gold, Basil3, the broken banking system, Kinesis and how the BIS rules remonetizing of gold jives with Kinesis remonetising gold & silver. it commences at the 19.20 min point.

Fair comments and an excellent comparison Cowichanl!

As an outsider I've been watching Brexit with no particular desire for either outcome but not without a sympathetic ear for both sides.
Correct me if I'm wrong but the heart of the matter seems to be some Brits don't appreciate giving up a portion of their autonomy to a so called foreign entity in exchange for access into the club. Well, that my friend is not something unique or unusual in this world.
My country might well be called the 'The Canadian Union' for the situation is not that unlike the EU. Originally it took many leaders and many years of negotiations for the various provinces and dominions to eventually unite, none wanting to give up too much autonomy in the process.
Each province & territory is still like a separate country, each is unique culturally, economically, etc. And even after a century of unity there exists much disagreement, bickering, resentment, and demands for special treatment amongst us.
Would the world be better off with a splintered Canada? Would I be better off? Or how about a splintered USA (California really wants out) I don't think so.
PS About wishing to vote out leaders you had not elected and yet have a big impact on 'your' country. Lord knows, I wish I could vote out the leaders of several provinces who place questionable barriers to trade and financial demands on the rest.
The bottom line; no agreement will satisfy everyone but tearing up one only to rewrite two dozen more is unlikely to prove more agreeable. Cheers.

You sound like a politician. I’ll ask you again, if we stay in the EU, how do I vote Juncker and Tusk out?

Repression,
Juncker and Tusk have the cut of Trump's jib weighed up and tell him so!
How go you vote the senior mandarins of the UK civil service out, it is they that really run the country, not those who think they do in the cabinet.
The EU is democratic,you have an MEP who will represent you and they can vote for or against any EU legislation or directives,also they can be voted in or out.
So Brexiteers want to regain control of our borders,the UK already has that but has decided to adopt an open border policy with the rest Europe which benefits our citizens and businesses.
I have yet to hear a credible reason fro leaving the EU, the ideas of all these marvellous trade deals with the rest of the world are just pie in the sky.
If and when the UK leaves then it has to renegotiate of 46 trade deals with the rest of the world and in addition our UK companies will find it far more difficult and more expensive to do business in Europe.
Who would you choose instead of May, Boris is a good game show host, but full of waffle and has never actually seen one project through, he was hopeless as the mayor of London, remember the water cannon he bought for £300.000which have now been scrapped!
Farage is a carpet bagger who has conned those who are unable or unwilling to find out the truth for themselves
In the Scottish referendum many voted to remain as part of the UK on the promise from our parliament that the UK would remain part of the EU, surety then if the brexit takes place then Scotland should be entitled to another independence referendum?
If brexit takes place then it isn't like a general election where people get another chance in five years, there will be major and far reaching consequences that so many brexiteers are blissfully unaware of, sadly everyone else and future UK generations will also have to suffer the consequences of brexit.
I am always puzzled by the aggressive and rudeness of some Brexiteers towards those who don't share their views, I wonder why this is?

Thanks Demon. Yes very interesting indeed. I suspect that explains some of the selling in other equities toady as markets try to price in the worries. CEY has done well today though.

Sold half my shares at 106 so will probaley shoot up now but I had to many and that’s no good for the nerves

sonl = do I

Tibbs, if we stay in the EU, how do I vote Juncker and Tusk out of power? How do I get rid of them? I take it, I will have my chance in 2022, probably sooner to vote the Tory Leader out as PM, but please tell me, how sonI get rid of Juncker and Tusk if we stay in the EU? Do you understand where I’m coming from as you constantly spew up your remain rhetoric like Democracy does not exist? Are you a Communist or in favour of a dictatorship for our country?

The pm can’t have long left my bet is resignation today or tomorrow

RRS hardly moving, CEY having a heart attack...typical. there's been days and days of RRS appreciation when gold price moved up and now gold price has a cough and CEY has a heart attack ffs...

I agree Tiger!
how much time has been wasted by our government on Brexit when they should have been attending to other more important issues.
I read this morning that if Brexit goes ahead we will have to apply and pay for a EU travel visa every three years
interesting business program on the world service last Sunday morning were they were talking to ordinary Germans and German business owners, they're far more prepared should it go ahead than the UK.
The Irish border will never be sorted out , it will always be a mess, I haven't heard a single convincing reason for leaving the EU, if we do then it will take decades to negotiate trade deals with the rest of the world and they will be worse than what we have now.
Would anyone in the right mind want to deal with Trump, that bugger will rip us off for sure!
Farage told lies and although he claims that he doesn't support it he is an MEP taking the pay and all the benefits!
The general public have been mis informed and didn't really understand what they were voting for as will become all too apparent if Brexit takes place.

Hi Demon-Hunter!
I prefer to think of us as remora (sucker fish) clinging to the underbelly of open-cruising great white sharks. Oh well, at least we get a free ride!
For my money, gold will dip over the next few days ahead of the Fed meeting, and then, if the noises coming from the Fed are appropriately dovish, it will rise quite strongly afterwards. All in all, I'm not liking the look of the world economy at the moment (let alone our own)!

Big fishes are moving the market as they please. Brought it down to buy and now bring it up to sell. We are merely parasites on a whale’s back

Michael Brown, currently President, Barrick U.S.A., will be retiring from the Company on December 31, 2018. Mr. Brown has been with Barrick since 1994, and has played a key role in the growth and development of the Company’s U.S. operations over two-and-a-half decades.

https://www.linkedin.com/in/michael-brown-3a516414b/

Despite what might seem an endlessly regressive society (in terms of its economic progress) Egypt can teach the world some very valuable lessons. To wit:

Egypt’s first presenter with Down syndrome is front and center on TV screens around the country:

22-year-old Rahma Khaled made her TV debut (watch, runtime 3:41) on Tuesday, becoming the nation’s first TV presenter with Down syndrome, according to Ahram Online. Khaled, who is also a professional athlete, will be co-hosting DMC’s 8:00am morning show each Tuesday.

“This can open the door to people with special abilities, to prove we can work,” Khaled told the newspaper. In Egypt, there are an estimated 100,000 people with Down syndrome

https://twitter.com/donaldplawson/status/1073300243201040385

...it is only a game, but the game is, and it’s in winning the game that the result are achieved.

Lasts weeks Brookner comment... “Berenberg downgraded gold miner Centamin to ‘hold’ from ‘buy’ on Friday, cutting the price target to 106p from 115p, citing caution over 2019 guidance.”
Was published in last Fridays Financial Times newspaper and as while we see it as a nuisance it is believed and contributes to the makeup of the share price.... so the good bit is today’s upgrade which is by a much more respected investment house ie Morgan Stanley will be reported in the Times on Friday.
Interesting progress.

Shows you how pathetic and ******* in the wind these brokers are...we were downgraded a couple of days ago LOL! A good day, and not before time, as I said RRS has put on about 50% in the last three months so we're only playing catchup!

...this kind of market updates will loosen the current trading range.
(Tg)

Dboater I can’t find the direct note but Cey get a mention in this roundup. Cheers

Among the midcaps, Kier Group gained 3.7 percent after pledging to meet full-year targets and Centamin was boosted by a Morgan Stanley upgrade.

https://www.reuters.com/article/britain-stocks/fragile-recovery-for-ftse-as-investors-seek-safety-in-mining-oil-idUSL8N1XR2CV