Centamin PLC Share Chat (CEY)

This board has always discussed a wide range of issues, certainly the tactics being used by Trump to keep America's control of the worlds markets is very relevant to the price of gold.
It is not left wing or right wing to care about the environment such as the Amazon, we are invested in an industry that can have a long term devastating effect on the environment and the lives of the people of the countries in which the mining takes place, not all gold mining is carried out with the same safeguards and as employed by Centamin.
Social media (facebook( & Twitter are misused and abused by Trump and other's left and right wing organisations in order to manipulate peoples thought and even to influence the worlds stock markets, so the petition regarding facebooks failure to monitor properly what is being posted on there is also relevant in my opinion.

This is NOT what this once fantastic forum is supposed to be about.

I've put the left-wing, cut-n-paste, drivel monster back under a filter. Which means I have to, again, log in every time to enjoy this board.

Please PLEASE let's keep this board on topic, talking about matters particularly relevant to CEY and Gold. There's another whole Intarwebby out there more suited to drivel.

Good day.

mrtibbles
As a long standing shareholder in CEY can you give
us your subjective analysis on yesterdays Q3 results.

https://m.investing.com/analysis/gold-sets-up-for-a-november-2018-rally-to-near-1300-200353749. ATB

Morning mr tibbs, ant chance you could make you're posts a little longer, I do like a good read lol ATB

Election of Jair Bolsonaro in Brazil threatens the planet (The Guardian)
https://www.theguardian.com/world/2018/oct/30/election-of-jair-bolsonaro-in-brazil-threatens-the-planet

Corruption, fake news, and WhatsApp: how Bolsonaro won Brazil (Vox)
https://www.vox.com/world/2018/10/29/18025066/bolsonaro-brazil-elections-voters-q-a

Fake News Is Poisoning Brazilian Politics. WhatsApp Can Stop It. (The New York Times)
https://www.nytimes.com/2018/10/17/opinion/brazil-election-fake-news-whatsapp.html

Who is the 'Trump of the Tropics?': Brazil's divisive new president, Jair Bolsonaro— in his own words (CNBC)
https://www.cnbc.com/2018/10/29/brazil-election-jair-bolsonaros-most-controversial-quotes.html

The three types of WhatsApp users getting Brazil's Jair Bolsonaro elected (The Guardian)
https://www.theguardian.com/world/2018/oct/25/brazil-president-jair-bolsonaro-whatsapp-fake-news

another right wing stinker like Trump who has been elected by using lot's of money and devious tactics who cares not a jot about the environment or the rest of the worlds people.
the man just elected President of Brazil wants to bulldoze the Amazon, has threatened to kill 30,000 "leftists", and praises dictatorships. And just months ago, almost nobody wanted to vote for him. How could this happen?!

CEO Zuckerberg sat back as rich companies illegally spent millions to flood the messaging platform with fake news and hate speech -- until the country trusted a fringe fascist more than anyone else.

Zuckerberg could have stopped it early and informed users. He didn’t. Now it’s on us to use this moment to shame Facebook into taking responsibility for fake news and hate speech spreading on its platforms -- and end it before more men like Brazil’s President take control of our democracies and our future.


Dear friends,

This is terrifying — the man just elected President of Brazil wants to bulldoze the Amazon, has threatened to kill 30,000 "leftists", and praises dictatorships. And just months ago, almost nobody wanted to vote for him. How could this happen?!

Facebook’s WhatsApp.

CEO Zuckerberg sat back as rich companies illegally spent millions to flood the messaging platform with fake news and hate speech -- until the country trusted a fringe fascist more than anyone else.

Zuckerberg could have stopped it early and informed users. He didn’t. Now it’s on us to use this moment to shame Facebook into taking responsibility for fake news and hate speech spreading on its platforms -- and end it before more men like Brazil’s President take control of our democracies and our future:

Click to clean up our social media

WhatsApp is a fake news paradise: it’s fully encrypted and nobody knows what's going on. In Brazil, it was only after millions of people had already been conned by fake news that journalists started to notice! But there is a way out: convince WhatsApp to introduce fake-news filters that can be activated by users that alert them to potential disinformation.

For this to work the platform may need to allow users to make encryption optional, a solution that would both protect our democracy and our privacy.

The amount of fake news currently spreading on all of our social networks is creating a vast and staggering global crisis. Facebook continues to have hundreds of millions of active fake accounts! YouTube has 2 billion (!) account-holders watching up to an hour a day, but researchers say its algorithms are driving people to watch extremist, racist, and malicious content.

That’s why our movement is fighting back -- urging social media platforms, including WhatsApp, to stand up for citizens, democracies, and real information.

Click to sign below -- before more fascists use social media to turn us all against each other:

Click to clean up our social media
Avaaz is fighting fake news and disinforma

I stand by my statement regarding day traders and especially large volume shorters!
You may or may not believe it but the only time I have ever sold this share is to buy back again in an ISA.
I believe it's time in,not timing if you believe in a stock and want to hep it grow stronger, although I appreciate that not everyone is able to do the same for their own reasons.

What a lovely name, I think the day traders get the shares to bounce around which can be good for us longer term holders as can top up when they bash it, and sell at times they are reversing and buying. Moreover they can react wrongly to news and over react, which gives us more opportunities to get more. In the long term however the price reverts to a sensible multiple of profits adding in political dangers and possibilities of black swan mining events. For me anything that adds liquidity is good as it narrows spreads and makes dealing larger amounts easier. Only what I think

The present SP and no stamp duty puts CEY at the mercy of the day trader!. Please forgive me mrtibbles. I know you go back a long way here possibly to the days of the suspension and certainly through the big recovery and back to the current price. You must have taken a few nibbles yourself during that time. ATB

As said great they were offering money off yesterday for whatever reason, I bought back another 40k. I hope yesterday’s flash sale is now over, as too tempting to keep buying with gold at this price and cey production recovering

Great for us if MMs have dropped pric as we can buy more on the cheap as Tiger and I have today. However on reflection the MMs have to buy the shares they sell us so who is selling at this lower price and if enough are worried by much lower profit, and are not looking forward with hope, then it is a fair price. Ultimately the big buyers can sell first to dent sentament but the recovery will be quick when they buy and the artificial price just a great short term opportunity for us. Or the MMs need to buy the shares tomorrow but they will just cost them more. Imho.
Anyway on reading in detail the figures worse than I first thought - the reduced Aisc isnt quite that, but evenif today’s price is fair I am happy to have bought more looking to 2019 and 2020

And we still haven't heard a BOO about the Burkina Faso study which was almost complete two reporting cycles ago...

Maybe they want the new chairman to have some good news to report BUT when will he show up?

They said it would be an 'orderly transition' at the beginning of the year and now it is November. WTF?

Trump orders sanctions on Venezuelan gold exports
United States President Donald Trump signed an executive order imposing sanctions on Venezuelan gold exports, US National Security John Bolton said on Thursday. Trump aims to tackle "corrupt gold trade" with the order by preventing US nationals from dealing with individuals and institutions related to Venezuelan gold sales.

Venezuelan President Nicolas Maduro said repeatedly his country is "victim" of an economic war led by Washington. Approximately two million Venezuelan nationals left the country in the past three years due to the difficulties related to medicine and food shortages, crime, and hyperinflation.

Bolton condemned Latin America's "Troika of Tyranny," specifically slamming Venezuela, Cuba, and Nicaragua and accusing the countries of causing "immense" human suffering and provoking instability, while fostering communism in the region.

Breaking the News / SS

https://www.breakingthenews.net/trump-orders-sanctions-on-venezuelan-gold-exports/news/details/45536632

..... the contract dump to slap the price of gold back down again. $1238 the resistance.

Think that’s odds on razor, probably why sp has been dropped today for them to load up, 1.5 million more buys v sells ATB

Verses 6.6m daily average..
I bet we get a rns within the next few business days stating Blackrock have increased their holding.

https://www.bloomberg.com/news/articles/2018-10-31/oil-set-for-biggest-monthly-decline-since-2016-on-growth-fears ATB

Yes & oil is tanking as well which should help with costs, flecks up with oil!! ATB

Hi Razor - Your two-penneth is always welcome and worth having.

Gold up and Silver absolutely flying today will help all miners and many analysts feel the commodities will keep rising and lets face it Gold has long since bottomed out now (with more pressure to hold rates for growth). .
Gold up today 1.53% but still 4.01% down on the year. If the price continues to rise this will give greater profits to Centamin. I feel this is still therefore (at these prices) a very good investment and the price will recover very soon.
Other larger Miners that are getting larger such as the Barrick Group could well see something here for investment.

....Rebess, from my worpped state come a contradiction to your theory and that is Cey will experience a relief rally either tomorrow or Monday (maybe both).
Just my twopence worth.

It's rapidly becoming the norm that every bit of news emitting from Centamin is a bummer - a loser ! - Is it deliberate or what? - Is there a grand-plan behind it all? - In my paranoid state, I'm beginning to think we're all gonna get stuffed/betrayed.

The market sees the third bad figure sin a row, and Negative cash flow, which if continued would lead to low dividends, no dividends and bust. However they say profit warnings come in threes, and I look at the lower aisc and recovery in production. The last two times I have said the negative reaction is underdone and they have further to fall, this time I think it is overdone and like Tiger have put my money where my mouth is and bought more this morning.

Not sure this share makes sense.
The FTSE has had a sharpish recovery over the last 24 hours.
Gold is springing back into life and has shot up in the last few hours, yet we sit below 100