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Excuse me halfwit.....or don't you remember the endeavour TO bid rejection.
What can you be sure of? Well when there is a low target price like recently, people will rubbish it. I dont like it but Liberium were right.
You can also be sure that when you get a dip in the price, that someone will be having "a cheeky top up" , "Averaging down" or "buying back in " after selling at a recent higher price. I dont have a working crystal ball and I dont know about you, but people have posted opinions about how high or low the share will go in a certain time.
Sotolo posted about 2 months before the wall debacle that the share was going to £3. D Ryan has been in a few times saying that the price was going up within a few months and then getting out before his target price has been reached .
So as far as I know, none of us are in the know. How many times has "the man on the train" been wrong? Even our friend Sikp reporting someone as saying "good times arecoming" (again before the wall thing).
Hopefully the price will stabilise and maybe even start going up! very soon.
Then , the wall will get sorted, and a few other things will fall into line.
Lets hope we get a better year with Centamin next year. Please Santa?
Adrian77 would be your IQ then or maybe that's generous.
What's the best guess at an offer price?
The result of the PFS for Doropo is due early next year, with an initial conservative estimate of 5.3 million ounces. Yes Cent is still presently a one asset producer, but there's substantial potential between the Doropo project, Batie West, ABC and the further 3000 sq km of exploration licenses granted in Egypt. Doropo could, according to initial estimates, produce 200,000+ oz per year, with potentially similar yields at ABC and Batiez just across the border. The Egyptian license is similarly exciting due to its proximity to other lucrative veins so it wouldn't be unfathomable to think that a further ~500,000 ounce per annum asset might be found in Egypt as well. There's still ample potential for Cent to grow beyond a single asset mid cap. It has the finances to do so, and fingers in enough pies, and now there does at least seem to be a plan, even if it is in its naissance.
Just bought a nice chunk at 80.6, have managed to averaged down to 87. Finally at the level which I'm happy to hold for a year or 2. 7% div at today's price with 100% growth potential to the upside, what more could you ask for.
It was a fantastic update for a LT investment. You are buying and selling so yeah you won't be happy.
It's not £1.70 a share dad. Mcap 1.7bil that was the fee when the last talks collaped over £1.5bil TO.
So they won't let it go for less now.
Where did this minimum 1.7mil market cap buyout price come from?
We are curently number 9 most traded on Hargreaves Lansdown with 81.72% buys. The highest buy sell ratio in the top 10 !
I know its only based on the mid price so not 100% accurate and its only retail buying but recently they seem to have a pretty good success rate with names including Rolls Royce, Lloyds, IAG.
If this isn't the bottom it could be very close.
https://twitter.com/centaminplc/status/1471065038190489603?s=21
Adrian77 where did your £1.70 come from?
Hi Subdec, indeed hindsight is a great thing, so is the truth!
Centamin has great potental, Sukari is a great resource, unfortunately Josef Youssef and Pardey turned out to be less than truthful, or even professionally responsible and fit for post by running Sukari as a pyramid scheme, they conned the share holders, they conned the market, now the share holders are paying the price
agreed
I don’t agree- 1)for day traders was ideal for a short 2)comparing the absolute gold price isn't always a good idea, intra-day moves and sentiment impact the SP here. I’m not a long term holder but have bought and sold for many years- the update had high aisc and way too long a time frame which impacts the aisc - most were expecting a far quicker and less expensive recovery on Sukari alone. We can all write what would have been a fantastic update- but sadly this was not.
You may be aware but the market makers can see where all stops are.
For anyone not day trading the 8th was a fantastic update. And gold isn't that weak. It's near 1800 where its been a lot in 2021.
I wouldn't object to that ,hopefully with a bit of competition
It’s down here due to the 8th Dec- and gold (look at most PMs)… simple as that.
The board won't entertain less than £1.7 bill mcap. Any TO would have to be hostile. So I dont see it
The boa
I think it's been pur gere for one reason alone and that's a takeover
This is the bottom. Bargain now
Buy zone between 73p and 84p, exit around 100p to 105p. I'm back in after selling at 106p, stops/risk management in place as always. You pays your money you takes your chance.
Every day brings a new 52 week low recently. Won't be long before we see a Market Cap of 1 x Revenue at this rate! I'd buy it myself if the Halifax wold lend me the money!