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Interesting post on the BMN board this morning (now removed) about share bashers, a fellow purported to have worked for a Hedge Fund in London recently as a share basher, according to the post 4 persons were employed to bash particular shares on a daily basis, they were paid a daily rate and had bonuses should the share price fall or if one of their bashing posts was responded to keeping it at the top of the thread, the were also other incentives.
The poster was very precise and actually named the aliases used on LSE, there were 6 accounts in operation at any one time. The posters were divided into various categories i.e. plain basher, subtle basher, alleged former shareholder who was 'worried' over the said company and the analyst type who would find negative country related links from the web or negative press about the company.
The quality of the post was very good, I have had contact with a number of city folk over the years and none deny this type of operation exists. There is no doubt in my mind the poster was genuine.
Looking at this thread and the share price performance of Centamin I would respectfully suggest the company has been made a target of a short operation. As with all short positions they have to close, usually ahead of news of if there is fear of a commodity price rebound.
The weak often capitulate unfortunately.
That's a copy of the aforementioned post.
It is not me.
That does not surprise me.
But it does leave a nasty taste, and lack confidence in anyone's posts.
Quite so Mr Bond,
As I have often said a poster can be whomever they want to be on this type of forum, although I think some of us have a good idea of the genuine share holders!
I can't find that BMW forum though anyone have a link ?
Well, we've had someone called FireAnt posting on this board. Look at his profile and turn to page 12 for his/her last Centamin post. I can't see too much there to think he/she is a boiler-room bod.
Hedge funds and bullion banks deal with billions of dollars worth of trade over a month. I really don't think a few posts on a bulletin board will amount to much for them. They can raise or drop the price of a share at will to trigger stop losses if they wish. There's no need to pay a group of hopefuls to try and manipulate the price. I'm more worried about some of these analysts spouting their nonsense, like the last lot a few weeks ago.
As for Centamin's poor performance of late, you haven't seen my Newgold and Yamana Gold prices - I won't mention Pan American Silver or Platinum Group Metals. Cefn atrocious! Actually, Centamin's doing quite well... a good report next week and I may treat maself to a wee kipper for tea.
You'll no get ya hands on ma gold.
https://www.lse.co.uk/SharePrice.asp?shareprice=BMN&share=Bushveld-Minerals
It was on BMN, Mr Tibbles. I heard about it reading the SLP board today.
The actual post has been copied by InstantExpert below.
Red Sparrow
Borrow a few a QFI and go into their nest.
I only posted it in here as it was mentioned in the thread initial post.
There's no crew here.
Obviously, the same thing has its mirrored companion, more common in my experience, whereby a group.of multiple Identity posters conspire to lure people into buying shares in a stock which has some class of naked short on it
But you all already knew that too, eh?
Good to seeing it being aired.
I think people who post on here are pretty genuine, on the whole. We get some traders who buy and post buy recommendations. I see nothing wrong with that, and we know who the traders are - nice enough bunch. We've had the odd person trying to worry some longer-term holders into selling - the 80p merchants. But they get rubbished by those who know this company inside out. Besides, if you've held since the £2 days, you're not likely to sell now.
The bottom line is that the price of gold is a function of people's confidence in government. Certainly that confidence is draining away by the day because the lunatics have taken over the asylum. It is so obvious to anyone with half a brain. In fact, the current joke doing the rounds is:
What's the difference between a conspiracy theory and actual government policy?
Answer: About six months.
It has, in fact, been deleted from several boards, I believe.
It certainly was deleted from WRES this afternoon then after C&P'd by another poster.
Either Admin have gone home or just given up for the night.
Early Bath.
I'm surprised this is 103p.
Gold has been rising yet cey is tent pegged.
Hi Red,
I agree, we get some supposed serious traders that pop up on here from time to time who accuse members of being off topic, etc, etc, but in many ways this helps to expose anyone working to an agenda with the intention of trying to influence other Centamin share holders trading decisions.
Those type of people pop up and then go through the stages of posting spiteful snipes about sticking to the point or "Off topic", but as Mr Bond and others pointed out when you look at the content of their contributions made to the forum it consists of very little, if any useful or even reliably accurate information and may in the main be regarded as "Snot & gobble custard!".
I certainly take no notice of the share bashers and fart in the general direction of their odious employers and masters!
We can do little about our corrupt and lying government (apart from try to vote he buggers out , if we ever have another fair election) or the LBMA & Cartel precious metals market manipulators ,but we can continue to try to stay strong and help one another by our conversations on possibly the best Centamin chat forum on the web!
With that in mind I would like to thank the LSE and its forum moderating staff for facilitating our Centamin chat board, and last but certainly not least, also wish my fellow forum members and genuine share holders good health, wealth and happiness for the future!
Tibbs
Mr Tibbles wrote: "Snot & gobble custard!".
I have never heard of that expression before. That is so funny - It's the sort of thing that brings out the kid in me.
That's the funniest line on this board this year (so far).
Please God, I never want to grow up!
Hi Red,
I remmber how the girls would annoy deputy headmistress Mrs Howard (The Gorgan) by singing this little ryme in the school playground as a line of up to six girls at a time jumped over the long skipping rope,
"Snot and gobble custard"
"Scab and apple pie"
"All mixed up with a dead dogs eye"
"Get a bit of bread and spread it on thick"
"Then swill it down with a cup of cold sick!"
Oh what fun!
Sums up the policies of our present government a treat!
Hi Mr Tibbles
That sounds like our school dinners.
We weren't allowed to be naughty at school - there were too many witches on the prowl, so it was wise to behave.