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Sotolo we had a bit of a shock with the market's reaction to the news of a new mine at Doropo.
What is your expectation of impact on the SP if CEY announces new licences in Egypt?
Shares on the major stock market indices in Europe stood mostly unchanged in the premarket on Tuesday, as the investors awaited data that could signal the current state in the bounce-back process amid the COVID-19 crisis.
The report on industrial production in Germany is set to go out before the session start, while the economic sentiment data, as well as Eurozone's GDP figure for the year's first quarter, are scheduled for release after the opening bell.
The DAX and the FTSE 100 stood unchanged at 7:41 am CET, while the CAC 40 gained 0.11% at 7:37 am CET. The euro and the pound both declined versus the dollar, losing 0.07% and 0.18% to sell for 1.21814 and 1.41576, respectively.
Breaking the News / BU
I could copy your post WhiteNight word for word and I’d be telling the truth.
I remain locked in Centamin until it rises which I 100% believe it will.
Bol
Sotolo, I 100% agree and understand that point, management certainly has a lot to answer for. However, on an intra-day basis when all (usual) factors fall in our favour, you must admit that it is odd and very frustrating that the sp has gone the other way. God forbid the gold price goes down, yields go up and sells out weight buys….
Interesting times indeed.
I’m all in here and continue to hold. Good luck all!
White Knight, you did ask, I think perhaps our share price has halved as profits will be more than halved this year mainly due to management ineptitude, however profits may be back near where they were in a couple of years especially if gold rises, so as long as it does we should go up, but current price is fair - reduced divi this year won’t even be covered, - Imho
It sure is not what I was expecting, has to be a breakout soon. I hold CUY and HUM, both should be much higher
Why on earth is the sp down 3% today? Gold is up and is likely to continue rising, buys vs sells massively in our favour, the US printing money like it’s going out of fashion etc etc. Yet CEY is still sitting at 112p, almost half of where it was last year. Incredible (not in a good way…).
Don't get what the sp is stuck in this low trading range. Everything looks rosey!
I don’t know what the price of Gold was at 4:30 but it has just touched the session high of $1900:00
Can’t hurt!
Thank you all for your responses on this. It just shows a nice polite question gets a nice polite answer!
I asked because most other miners I've owned/ currently own, produce a lot of silver even though they are thought of as gold miners. It's a nice way to get exposure to silver, which, as I wrote earlier, I believe will become quite expensive in the future. American's like silver - it has always been viewed as the disruptive money in the US. Since last August, the silver price has been forming a long basing pattern; there is an adage which says: the longer the base the higher the space (or something like that). Maybe Centamin will get lucky with some silver finds in the future.
I don't think it will be too long now before I add. I've worked out how much dividend I'm due (a very dangerous thing to do) and my previous 'winnings'.
There are gaps high and low,
will they get filled?
I don't know.
(Well, it is poetry Monday after all).
3:1 now BTW :)
Thursday's CPI print is the last one before Basel 3 so who knows what happens next ...
When the buys outstrip the sells 5 — 2
It has to be a fair assumption that the stock price is going to go up.
Good looking in the mood again - topped up here.
Porter Geo
Sukari Summary.
Main commodities AU.
Silver 1 ppm.
Means mostly gold miniscule amount of silver.
Hi,Rgm,
You are indeed right, although in the past they didn't go out of there way looking for silver and other precious metals they were present all over Sukari varying quantities dependant on the area, silver was also a by product from the tailings, or so I was informed.
I will look back, although I seem it remember I got the information verbally, possibly Dasut may have some idea on this as he has considerable on the ground knowledge of the workings.
It may have been in one of my dreams Sparrow, but I have a vague recollection of some silver tonnage figures about 10 years ago when the mine first started production. But you're right, there seems to be no production figures these days.
My wife a former news journalist has always said that it was far easier to get get headlines on bad news!
Hi RedSparrow,
Yes indeed you are right!
Tibbs
When I've looked at the production figures for Centamin in the past, I've noticed that no silver is ever mined. I wondered if that is because there simply isn't any silver at Sukari or the amounts there are negligible and uneconomic to extract?
I think the price of silver will be very high in the next few years and speculated whether the 'uneconomic' deposits - if there are any - would become valuable. I'm assuming the extraction process is similar to gold. Perhaps any future mines in Egypt or elsewhere may be silver rich?
What makes you think I don't know the first thing about mining?
If you believed the press/media/woke brigade u'd think the UK is the most ******, sexist, intolerant country on the planet!
A very deep and meaningful post - a thought for a lifetime not just a day.
Certainly religion and race have always been a focal point for many conflicts since time began. However, those with no beliefs and who live only for self gratification and the day are equally dangerous. Anyone with a military background or has done medical work in the field at particular times will know that.
Yes, the UK, particularly where I live, is a great place. Long may it be so.
Shares on the major European stock markets traded mostly lower in the premarket on Monday as the investors digested the news regarding Group of Seven's (G7) support for the minimum global tax proposal put forth by United States President Joe Biden.
The traders will also keep an eye on the talks between the European Union and the United Kingdom, as the two sides are to continue the negotiations on the Northern Ireland protocol's implementation during the week.
The DAX lost 0.20% at 7:55 am CET, while the FTSE 100 stood flat at the same time. At 7:54 am CET, the CAC 40 decreased by 0.19%. The euro declined 0.06% versus the dollar, selling for 1.21598 at 7:57 am CET, with the pound concurrently down by 0.15% versus the greenback, changing hands at 1.41360.
Breaking the News / BU
Appalling, absolutely appalling, there are supposed to be animal welfare facilities (water.etc) where livestock carriers layover which is supposed to happen on a regular basis .
The suffering of animals in the food (meat)industry is bad enough, but lot's of people remain ignorant of the animal suffering in the dairy industry
Please do write to your MP on this matter and ask them to follow it up with a reply to you on the outcome.
Hi Mr Gnome,
A very interesting account indeed, that lady had so little and yet she welcomed complete strangers to her home and offered them hospitality, it must have been a very humbling experience for you?
Our politicians and world leaders could learn a great deal from that lady!