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Mr Tibbles and our readers out there,
The attached article is 7 years old but highly relevant. They are treating the public like mugs and read off the same script of transitory inflation.
https://www.forbes.com/sites/perianneboring/2014/02/03/if-you-want-to-know-the-real-rate-of-inflation-dont-bother-with-the-cpi/?sh=32d75345200b
Inflation is about as transitory as FED committee members not trading shares on their inside knowledge. I do not know what it is like for everyone else, but inflation looks fairly hot to me and it feels like its around 9-10% here in the UK and if you go in any building society you read the notice that interest on accounts is declining to 0.15%. I wonder if those in charge think everyone is an idiot and can not count. The chances of it cooling off might partially happen, but 2% next year is a made up low figure.
Last year it was all about climate change and oil companies were out. Now they say its great to own oil stocks and climate change is all BS as its to difficult to figure out.
Stay well everybody and enjoy the weekend whatever you do.
Looking at your posts here sir I cannot understand why you do not sell, you are a trader trapped maybe ?
Do not answer.
Yes that is true but if they are as confident as what MH is implying why not do both with production being forecast to increase - cash flow increases so surely they could seriously consider this or are we just going to see the can kicked further down the road
Little chance of buyback ,for one only a temporary fix, for two that money is needed in drilling of new concessions.
Number 3 . Cote C De Ivoire concessin.
It's opening next month in Marsa Alam - obviously strategically placed close to Sukari to service Centamin, among many other newcomers. Video describes current fire assay method vs new and improved Chrysos method which will be added in Egypt as assay demand grows. (MSALABS is a division of Capital Drilling)
A Capital spokesperson also appears on the video outlining Capital's history in Egypt and future ambitions. Says they are basically an 'Egyptian company' as that's where they began 16 years ago with Sukari in 2005.
https://youtu.be/fjzji0SSgj4
I really couldn't care a fig, all the more to snap up on divi payment day ready for the inevitable recovery of the share price!
Gold will recover it's being held back by the four main clearing bank's who are buying physical bullion under the radar.
Perhaps now could be a good time for the board to actually consider a share buyback - it could also possibly arrest some of the decay in the share price at this present time
Cey has f**ke me up well wel
Always a tricky day. The uncrosses after close can be surprising.
kitco.com/news/2021-09-17/Powell-juggling-policy-and-renomination-now-faces-an-ethics-blowup.html
Some CEY exposure despite now being ex dividend
https://www.fool.ca/2021/09/16/2-bargain-deals-no-more-than-5-and-get-paid-6-dividend/
Correct, esp. when you add in the divis paid over this period too.
Uncrossing trade at 10.15, looks like we went into auction there, strange, after hours trades could be interesting today.
As does oil companies sp move with the price of oil of course PM miners sp will move with the price of PM's. It's not rocket science. Obviously the sp will also move on a companies personal circumstances. I take a view that the bad news we've had is factored into the sp and I'd like to think the sp will rise with reported evidence of correction on these problems. I also believe that PM's will go much higher going forward, or I wouldn't be invested here. They also pay a handsome divi much much more than I'd get with my money in the bank. I also enjoy the daily movements in the sp and play it like a game of chess, but then I can afford to do that.
Ken
I believe you make an excellent point there especially with your referance to the current SP following the wall collapse against other PM SP's
Be interested to see Goldnome and Mr T's views on this
Good Luck with your trading
ATB
G
Thanks for your replies.
Steve 999 CEY are doing quite well then is you knock 25% off for wall failure as other miners are down 50% plus from their highs with no major issues like CEY had last October
Ken, i don't necessarily believe CEY and Gold move in tandem but correlation is not about looking at only 2 data points, it's about taking, for example, daily data points over a 1, 3 or 5 year time horizon and looking to what degree these two are correlated. This is a pretty standard measure of correlation. Your example is meaningless.
It’s because cey and other PMs tend to move on intra day gold moves plus the wall issue wiped around 25% off us. Also ftse and U.K. listed stocks in general have been flattish since brexit decision 5years ago whereas other markets, esp US, have flown
We will rise when the big boys have their long positions. True for the whole sector. I assume they are quietly accumulating with these low prices.
DYOH
The reason Ross Jerrard bought 15k shares and not 100k is because he knows the company is sound but he’s not sure on the direction of the price of gold.
China, Russia U.K. and the USA playing war games gives a clue but other than that the POG is crystal ball stuff.
European stock markets registered gains during Friday's premarket session ahead of August consumer prices scheduled for release shortly after the opening bell.
Ten additional companies are set to join the DAX starting from September 20, while the MDAX will get reduced from 60 to 50 members.
The DAX increased by 0.50% at 7:43 am CET, while the FTSE 100 rose by 0.48% and the CAC 40 advanced 0.66%. The euro stood flat against the dollar to sell for 1.17694, while the pound inched up by 0.11% to $1.38086.
Breaking the News / ND
Happy Friday y’al
If CEY share price is controlled by the price of gold can someone tell me why in June 2013 CEY was trading at 35p gold was at 1395 then 2.5 years later in November 2015 gold was trading at 1075 and CEY was at 66 which is almost double their share price of 2013 let alone gold has fallen more than $200 an oz so how is CEY correlated to the price of gold.
I’m very interested to your remarks on the above.
Don't worry Patryk ,
All is going well at Sukari, the AISC will start to decline in 2022 and continue to do so whilst production will steadily increase into 2023, POG may pull back, but once the clearing banks have finished covering their paper sell positions then it is more likely to rise in 2022.
Oh dear Sotolo,
Well who would have guessed the Centamin share price is geared to the price of gold?
if you have the holding you claim then as well as expressing your despair on here your time may well be far better spent writing to Martin Horgan expressing your concerns, possibly asking him to explain his strategy and time frame for a return to lower AISC and a return to 500,000oz per annum at Sukari.
if you haven't done so already then you should watch Martin' Horgan's broadcast from the Denver forum, it may at least help you feel better, if not then you really ought to consider the reasons why you continue to hold this stock.
So this weekend why not compose that letter and get it off to Martin Horgan, he wants to hear from retail investors and you will have done something positive which may help you feel much better, it will at the very least make the management aware of another private investors views.