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Downward pressure til 1st Dec - when the final piece of the jigsaw for due diligence for any acquisition becomes available. Offer at 1.35 -50% above market price and somebody gets a bargain. ?
No- purely following gold price
Steve Jons999 Sterling terms makes it slightly different - doesn't it ? 01 March 21 Gold £1245 , cey 103P , 29/10/21 gold £1300 , CEY 95p - despite the good news.
It’s intra-day movement of gold price (within U.K. stock markets time zones) and gold sentiment that makes the SP move.
@SteveJones999: "It’s intra-day movement of gold price (within U.K. stock markets time zones) and gold sentiment that makes the SP move."
Exactly.
- If Gold is doing well, CEY will rise. Most gold miners will rise; all boats rise with the tide.
- If Gold is stationary, CEY will drift around; mostly downwards, moving only on major news
- If Gold drops, CEY and other gold miners will drop steeply
Anybody that thinks that CEY is going to magically rise without gold, is fooling themselves, unless CEY were to literally uncover a 1-tonne gold nugget... there will of course be occasional ~3% moves from company news.
The bad news. There is some evidence that the link between inflation expectation and gold is breaking down. It's becoming obvious. Europe just reported the highest inflation since 2008, but gold has not moved; actually, it's slightly down. I hope the situation changes. I'm not sure how many times I've heard stories that it's 'just about to explode' because of changes in derivatives rules, China buying, Russia buying, etc. etc. etc.
One exception here Canetoad is the 1st December. CEY drop in Oct2020 dropped mine prod from approx 515k to 415k p/a- it’s not got worse since then and if the news on an increase back towards the 500k figure will cause a jump, and add credibility to all the recent expansion plans- bad news will cause a drop most likely as miners have a heavy sentiment skew. Of course, no one apart from insiders know…
@djryan: I agree with everything you've said. I've oversimplified things. Any good news on CEY will be positive for the share price; it's just that's going to be short-lived unless gold itself is rising. I agree 100% that gold 'should be higher'. Unfortunately, our view is not going to change the market...
Unfortunately those that control our societies (Political/Business/banking/Market Elite have no intention to admit that their political and fiscal policies are unfit for the 21st century, they just want to keep their privileged place's on the top table by lying and pointing the finger at others!
So in the meantime they so carry on kicking the can down the road to 2050. 2070.,,2090, until Oh no, the world is f*cked, how could that have happened, must be the others, not us!
This market manipulation, the future markets , the market deception, the now in your face, blatant and uncontrolled corrupt market manipulation is all part of what's wrong , all of which needs radical solutions!
But let's face it the corrupt bunch of b*stards that at present govern the so called free world are well aware of how much gold the other side are buying at present,so they ain't going to allow them to get get upper hand by allowing the POG to rise whilst they have control of the levers to suppress its real value and keep their fiat currencies $ & £ strong!
The US & UK administration's care not a fig about inflation because they can lie, start up the printing presses and tell people that their basket of shopping has'nt really cost so much more and that the shortages are all the fault of the other side, Oh no not us. besides there will be a tax cut in the future to take you back to where you where before he last increase, possibly! although the shopping basket may have been a bit fuller before, but who care',s it's the other side, not us!!
So POG rising well that's the big question!
But in the meantime the Sukari operations are being improved to provide much more workable conditions, whilst the AISC will be reducing which should help to increase the profits and there is bound to be other positive news yet to be announced which may help share price!
@Mrtibbles: what is the future AISC they're aiming at? how much of a reduction?
Hi Canrtoad,
Have a look through recent reports or listen to the most recent podcasts, this may give you a better idea of Martin Horgan's strategy.