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I suspect it is to do with that 15m off the book trade that we discussed yesterday

MrTibbles
I looked up the other day how long ig would take to build a mine that produces gold and its between 15 and 20 yrs so in one respect you are right about these little exploration companies,although that is no different to ourselves,will we ever produce gold from our Africa mines I doubt it
It would also seem investors want risk and reward quickly instead of profit,dividend etc,and that's probably one reason the share price is low because investors are buying Greatland or Orusur where you get a 10 bagger in a matter of months and then sell and move on

Surely the plant can only run at a certain capacity,and how viable would it be for other companies to transport it perhaps 50 miles sway
Surely the logical explanation is to award Cey the ones closest to Sukari

I have looked at the Altus maps but to me they are just blocks and I dont know if they were the ones Cey were after and didnt get or are there others Perhaps Siko can shed some light on it

Thanks Supercharger for the explanation

Supercharger
It's the 15.236 trade around 1040
Just cant get my head around how they managed to do it as a single trade

Supercharger
Any ideas how the 15m sell was achieved in one go

Rns for BlackRock dumping on Friday could it be them again today

How has someone been able to sell 15m shares in a single trade which is almost 3 times the daily average,i thought it would have taken a few days to sell this amount

Would explain why the price hasnt risen when gold is up 45 dollars from the recent low

My first post was trying to give reason to Whatamess with regard to the share price being low,which like you have stated they are other factors ie lower production and higher costs
I am just saying that things could get worse should we have a correction anytime soon
It could be many months away and gold could get to above 2000 in the next few months so things could look different then
We need news either on Affrica joint venture or on the new licences to give us a boost

Spindler
I was just trying to make a comparison of what could happen to the share price bearing in mind that gold is about 150 dollars more than in March yet the share price is alot cheaper
That doesnt look good to me

Cey has not got alot going for it at the moment,with production down and costs up as well as the gold price and the FTSE to contend with
I dont know when but there will be a market correction at some point and if its anytime whilst the share price is at this level then I see it going down to 70p range
Just look at the correction in March when Cey price was 143 and it went under a pound

Forecast for gold to retreat to 1787 support level due to strong dollar ,I expect it to bounce back over the next few days

I was in this share about 3 yrs ago and was tempted again after the recent fall.The only thing that bothers me is any fine that could be imposed on the company

Jan 20th gold was 1865 the same as now yet Cey was 123on the same day so why not a big rise today

It's an Aim company like Asos just day traders in and out 10 and 15p each time.They have got to move onto the main market

I would like to think they could get a JV but if you look at the top 10 oil companies you can exclude the likes of Shell,Bp Petrochina,Saudi,Gazprom,Rosneft,so only really leaves Exon,Total,Chevron

Let's assume that oil is found in sufficient quantities to be viable and the well is sealed
Then what happens Potter stated the other day that if they went alone on a production it could take 5 yrs
Will they get a partner and if not how will they fund it

The price rocketed a few weeks ago so perhaps a little consolidation for a while to find its level
420 posts already perhaps some people are rather concerned especially if they bought in the last few days