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I honestly hope not to see any takeover proposal, as I believe there is real potential here for a 3 - 5 times sp increase over, say, the next few years - combined with a respectable dividend yield while you wait. ANY takeover proposal would benefit the predator entity far more than it would the CEY shareholder
Fugazi - if you put the same effort into understanding the global economy, the underlying commodity, and the specifics of CEY as a company, as you appear to into the mumbo jumbo of technical analysis, then you would probably make more believable calls.
Tea leaves are probably better than technical analysis imho.....knowledge of how 'sheople' react at the whole spectrum of technical 'signals' can readily be employed to the advantage of major players.
How accurate was your previous price prediction for CEY?
£1,10.....did we see it? No....
Technical analysis cannot predict the future....accept it.
Imho, you may as well read tea leaves.....technical analysis does not & cannot take account of future events.
I sincerely hope that you manage to wait patiently for your 80p entry point - but please don't hold your breath whilst doing so.
Good luck!
I am also somewhat 'overweight' here, with about 95% CEY and just over 1000 polymetal shares...
So I have a damn sight more on the line than Martin Horgan, and quite probably some of the directors...
Unwise, some may say.......
£1.45 is only 10p above CEY SP when gold was around 1950 USD, which was only back in early January. Personally, I would feel insulted if such a price was tabled, and I would like to think the vast majority of shareholders would be of the same opinion. Sukari alone might be worth this price, but the cash balance and the West African portfolio surely suggest a higher valuation.