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Hi Paul,
The present share price is ridiculous, despite some may claim from their consultation of various charts and moving averages,etc ,etc, although what it does clearly demonstrates is just how vital market trust and confidence in a company is.
As long termer's will be aware Andrew Pardey, Youssef and Josef between were was less than truthful about the state of Sukari on more than one occasion, so after this last but in many ways inevitable set back it is hardly surprising the punishment to the share price has been especially severe.
That and considering the great progress being made to rectify past errors and restore reliable and sustainable production the share price is unjustifiable if common sense is applied.
I think Sotolo had 600,000 centamins shares , so if half were sold at £2 and invested in THS at £1 or less , a year a so ago, then they must have bought 600,000 shares in THS? As these have gone up to £1.40, Im sure some could be sold to start work on the house? That is without the successful trading getting in and out of Hoc and Cey.
Regarding Mando getting out at 99.4, it looks a good move now, but not as good as if they had got out when Cey went up the other week to £1.05?
Im hoping for good things from Matin Horgan and Cey in the not too distant future. Then if we have reinvested our dividends and the price rises, we will forget about the bad times.
If the share stays at £1 but we get a really good dividend Id be quite happy . Ultimately shares should be about dividends, otherwise it is just gambling or some sort of pyamid scheme. Look how well Ocado have done price wise over the years. Have they had a dividend yet? So if the price crashes, someone who has bought in recently will lose out big time.
Sotolo you have a good weekend also.
All that is happening now for LTH is just because of unbelievable short termism of the previous CEO and others within the BOD including the pervious Chairman /interim CEO Joseph.
In hindsight he sold a vast amount when the going looked good.
For Traders of course that is terrible ,but you have not lost unless you panic and sell.
The Dividends for a few years were being subsidised by lack of investment in clearance for the future.
Now that is being done ,but at least this BOD is not making LTH suffer too much by cutting the Divi out .
As for the profit this year that will be seen in not too much more time.
I know this platform is for Traders being LS East ,because that is how they make their money.
But Traders are not the majority of shareholders.
I hope one day you manage your house renovation ,it must be very frustrating seeing your dreams put back several years.
We all have bad times in life.
Good luck.
Hindsight... stocks are always gamble, especially gold and more so crypto.
As I'd said before this is why a small my % of portfolio is gold stocks and less is crypto.
I trade my CEY- sometimes get it right, sometimes wrong, but luckily more right than wrong on CEY. My view is here is all about futures- this SP is very low because of Oct2020 coupled with gold price being so high just before this, causing this fall. All PMs are down around the 30% mark YTD.
The year results won't be good, and this year always being compared to previous year at RNS time- but we never know how much is priced in already- we've performed broadly in line YTD with other PMs.
Now the BUT, and it's a big one in my view...
If 1st Dec shows a good report and significant progress to a regain towards the 500k at Sukari again, coupled with all the expansion plans, this will rise from this very low SP. All the comms so far have NOT indicated any further issues, and have shown ahead of schedule.
The odds and all the logic point to this.
This is why when I trade around CEY during some days, I don't want to be out for long (plus those "in the know" may pounce on CEY).
Yes, selling at 99 was deemed good- but not good if it jumps- plus although it makes one feel good that they missed out on a drop- it doesn't get you more money unless you either buy back in when below the 99 or invest elsewhere and this succeeds. I did very well out of the rise last year- some just went back alas, some didn't pick up on the big rise year- at the time many analysts were saying stocks will crash like they did in March 2020 if we get a second COVID wave, but this didn't happen (the overall market crash that is).
If, like you, I had held a stock for many years, I would find it very hard to not watch the stock post exiting, and if it does jump and go well above the 99 would not feel good, it's human nature for the majority.
No one knows, you take your choice- but for me, having traded this stock for years- the SP is very low.
I have zero emotional attachments with any companies I invest in.
Good luck with whatever you decide to do.
As posted a couple of weeks ago I didn’t think Mando had made a mistake selling at 99.4 as Cey , it is down a further 6%, so well called Mando. Ths I said I was had switched a few Cey to is up 40% on the month. Just wish I had the guts to sell far more, and followed Mando (tho not back in) I just sold a tiny few, despite the derision of some here on posting that gold and Cey might fall. Now I think the odds of rise or fall are more evenly poised I think at this lower price, tho the year results are a big danger when people see in black and white how badly they compare and we might get thwacked . However THS has far more to rise, when it’s results come out and seen in black and white, but can’t bear to take the loss on Cey and switch more, I already have more THS than Cey, all thanks to this board and another, Tiger on the Tail, saying get out of Cey at near 200 as it fall began, and buy THS I had never heard of, what generosity (I don’t believe posters move markets in these sized shares unless posting news that isn’t known.. Anyway as said before it would be great if people could be more respectful of those like Mambo or Tiger who post they are selling as the price will fall, and those who hold long term but post reasons for short term fall. Have a lovely weekend all, and hopefully 2023 should be a good year for Cey, or as Candid points out gold price rise may save us
Mr T, together I think we can predict the direction of Cey correctly way more than 50% of the time. Although I know that predicting this, and the reason for it, annoys some people here in my view the healthy debate helps one take a view far better than the analysts who move in herds. Overall Those continuing to predict falls after the wall, compounded by once gold turned, have been correct in the downward trajectory over the last year. As to selling unfortunately I suffer from anchoring so unlike those who sold this week I will hold as I don’t believe it makes money to try to time the market, and eventually Cey should improve, and so should the gold price, and I could be quite wrong and sooner than the another couple of year that I think. Have a lovely weekend, you seem a decent if opinionated (not necessarily bad) man, and of course decency and opinions make this board go round.
Ever thought of working for Liberum?
Possibly you should sell out Sotolo, at least you would be able to stop depressing yourself worrying about things that might or might not be and that you or anyone else can ever predict with any accuracy!
Hi Steve,
Nothing unusual for a Friday afternoon in Centamin!
I remain very optimistic about next weeks update and results!
Always rely on Sotolo to cheer everyone up... remember what was in the Capital RNS...
Sold yesterday for a weeprofit after sat on 95p buys for weeks . Just feel there’s better opps out there.
Hope gold gets back above 1800 and lths make some cash.
cheers. so far so good. I moved the money to IAG which is doing ok so far of the back of the news on the US starting to accept flights in November.
GLA
I Don’t think you have made a mistake Mando, and sadly think you will appear prescient; I hope of course you are proved wrong , tho unlikely. I wish I was as brave and wise but would mean taking a large loss. Gold has failed to hold 1800 again so tumbling and agree testing $1680 again is on the cards, plus remember we have some horrible figures coming out in the annual financials next quarter. The only thing that keeps me going is falling real interest rates, and that bitcoin which has taken advantage of them to become the new haven, collapses leaving us, but when….
I just sold at 99.40 with a minimal profit.
Probably a mistake. I often sell at the bottom and this is probably one of those times. Gut feel is often wrong. But I don't like the look of the gold trend at the moment.
No doubt this will age very poorly, probably within the next 5 minutes, but looking at the weekly charts on gold and silver and the relative general good sentiment in the markets and strong business performances being reported at the moment, I can see gold continuing to decline down to maybe 1725 or even 1685 in the next couple of weeks. Like I said, I'll probably be very embarrassed about this post very soon, and will probably re-buy back in at a loss later.
GLA