Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Tibbs: “Until then regard the company with great suspicion and trust it like a rattle snake in a lucky dip”
Here, my fellow investors is the perfect example of a classic downramp. I must admit my skepticism, Tibbs, regarding your current share holdings, the notion of the ‘old timer’ holding doesn’t quite convince me and it appears you might be contemplating re-entry at a later point. Wishing you the best of luck in securing a more favourable position in the market. I’m sure both you and Cowichan will be singing a pretty little duet soon.
Hi Daz,
It would be extremely naive to say the least for anyone to have the slightest notion that comments or opinion said by any retail investor could have such bearing to put this share in some sort of decline!
As the ,majority of long term holders, or those simply got exhausted and sold out would confirm Centamin is a contrarian share to say the least and virtually impossible to predict as to how it will react to any given circumstances, despite what some may claim and bearing in mind that anyone can be whomsoever they want to be on any internet forum and that trading success or failure in Centamin is in the main based on luck, or as in the past the luck of getting out just before a member of the management is forced to disclose claimed unexpected occurrences which in reality they had been glossing over for years !
You are very mistaken if you have the idea that I would be spending anytime trying to drive down the share price by a penny or two, I really couldn't be bothered.
Who knows there might be be a newer member of this forum who is working to the agenda of a PR agency or corporate brokers, it wouldn't be the first time!
I think you are right mr T, its not possible for any individual BB board posters to significantly affect any share price, but the continual focus on events that have passed, and management that no longer exists, plus a project fear campain could cause someone who is less informed than others on here to sell their shares out of fear and at perhaps a significant loss that they could ill afford.
Im sure that most people that post on here are decent honest people and wouldn't deliberately want to cause anyone to lose money but they could very well be doing just that.
Im not saying let's all wear rose tinted glasses but continually banging on about the past without balancing it with the work and changes that are being done could be misleading to someone.
Im as frustrated at what happened as much as anyone and the share price reflects what happened by the past bad management.
The mine problems are well on the way to being fixed and improvements being made, so let's look to the future and not dwell just on the past.
Well said, spot64. Completely agree about the fear mongering. Both Cowichan and Tibb’s understand that Centamin are making great strides towards dealing with the issues of the previous management and their focus on past events seems unwarranted, given the efforts of the new management. The company is currently performing well, meeting all its targets, and appears to be a promising investment, taking in to account all of the issues and the progress, Centamin is looking like a good buy to me. That’s why it appears like fear mongering, they both know the new management is working hard, but seem to want to dwell on past events.
What people wrote here make zero difference to the SP. Economic data which impacts all shares and economic data that impacts gold along with RNS from CEY are the SP drivers
I’m stirring the pot a bit Steve and enjoy provocatively challenging the situation, While I agree that downramping might not exert a significant impact on the stock price, apprehensive investors could potentially yield to prevailing public sentiments and fear-driven narratives, precipitating selling behavior. Moreover, the Tibbs & Cowichan.Co spree of recurrent negative PR posts are somewhat monotonous and uninspiring, they get a little dull these days. We’ve all done our research, that’s why we’re here, Centamin is good at this price.
I doubt whetehr the downramping has much effect...rather just presents a buying opportunity for those with an alternative position, especially the larger players ...
regards
the gnome