George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Of interest to those who follow the gold price. All is not as it seems.
https://www.bullionstar.com/blogs/ronan-manly/comex-rigged/
However I seem to be out of step with this board as the share price is of interest but not central to my strategy.
O f course I have the luxury of having been invested in Centamin since it was a map on a wall and therefore my average share price is probably well below others here, I work on the following
Average share price compounded at at 2.5%/annum over the time held. I then take that price and relate it to the income percentage generated by the dividend (currently about 8%) . On examination of the two respective figures my nett gain is substantial. This of course is because I have no intention of or need to crystallise my share holding in Centamin. The board has repeatedly stated that they will maintain returns to shareholders and have done so over the past few years. Albeit someahat higher than the current divi return but this is still substantial . Have a look at Martins money as to the returns likely on the Premium Bond front as a MEDIAN average. Yes you may strike lucky but you may also be in the coffin for a good many years before this happens. The gold is in the ground , it is being dug up and sold , the company is debt free , the healthiest of balance sheets , and operating in an ever more friendly political climate. Go find something better but let me know first.
Good luck all but DYOR and think, think, think.
Bob
Hi notrac
Yes it almost became a badge of honour amongst my friends to go down with it. Remember flying round my room on the bed and then falling for what seemed miles. Not pleasant at all. Hope some measure of resistance gained as a variant of H2N2 type virus. Keep well
Bob
Anybody also notice that this board froze at 3.37pm. Noticed when my share terminal showed Centamin in the positive (as I thought would happen in my previous post) but still showing 1.25 p in the red here.
Got 3.37 from the trades link as not showing any trades after that time (at 4.20pm)
Not a complaint as excellent platform and board for free.
Bob
Hi Philandlynne
Agreed at present levels and Road Traffic Deaths worldwide make a statistical nonsense of the present figures.
However the Spanish flu pamdemic of 1917-1918 spraed to 3/4 of the world population and killed 50 million people. Main contributor was of course the lack of anti biotics to fight the subsquent pneumonia.
However in 1957/58 pandemic of Asian Flu killed 1.1 million people worldwide. I caught Asian Flu and still remember it with high temp halucination , absoluteley dreadful. Thankfully a young constitution fought it off. Can this coronavirus be contained in modern world wide inter travel between all countries . Dont know but sincereley hope so.
Bob
I find it a little bit immoral to think of making money on others misery but in my opinion gold will go ballistic plus with a lag miners WHEN AND IF there is a sizeable outbreak in the US of the Coronavirus. North Italy industrial area impacting about 50,000 people in Lockdown right now. Interesting times US takes health VERY VERY seriously.
Bob
World markets down between 3 to 5% so just normal risk off reaction amid some profit taking. May be a small rally near market close. Sitting tight and considering a little top up below 150. Where else would you want to be invested in current sad coronavirus contagion.
Bob
Had to chuckle but apologies . checked a few web sites and also couldn't find it.
Basically its the difference between the bid and ask price entered into the stock market book at the opening. eg buy 100p sell 95 with a spread of 5p. This can be a large misleading spread as when other entries are added within those values the spread becomes very much smaller I believe it is called Margarine spread because it is not butter or the real thing (perceived) Within a short period of time the spread between buy and sell diminshes substantially.
If at the opening you watch the share price on here you will get an idea of what happens. You can get caught in the margarine spread if you trade at the very open. Also there is overnight orders which can be placed but putting a limit price can obviate the catch in the opening spread.
Hope this helps somewhat but the phrase may have gone out of use since I was trading rather than investing.
Bob
Nardniles
Very very wise words. Somebody once said "Education ,education, education " and in trading and investing(there is a difference to be aware of here) this is of paramount importance. I am continually amazed at the spread of expertise of the contributors to this board and especially those with in depth and extended Centamin knowledge and the gold mining industry in particular. all generously passed on to those of us less informed and able.
Bob
Hi Nardniles
Very observant of you. If a broker has a large order to fill for an important client then in early trading with lesser liquidity there are opportunities to take advantage of small entries into the book creating large swings to their advantage one way or the other.
If a large order then the entry into the book can be delayed and if you follow the RNS you will see these large delayed trades struck perhaps the previous day or ven longer if the holding by the client exceeds the number of shares which the LSE require to be announced. The reverse is of course true where the Institutional investor falls below the share holding required to be announced. Rather a complicated explanation I am afraid but added into the mix is the effect of short time day traders taking a 2% gain and momentum traders again working within an algorithmic technical analysis basis.
Not much help I am afraid but thought your observant post deserved response
Bob
Hi Cowichan
Too many variables and not under my consideration even allowing an inevitable pull back.
Might consider after weekend Egyptian announcement in Canada and , ex divi been and gone and 1st quarter results out.
However if I was a Trader rather than an Investor I would put a sell order in for 158.5 below the 159 level where the big money will take it down. But heigh ho I was a rotten day trader so acting contrary may well be wise.
Obviously momentum traders still in full flow at mo.
Bob
Hi Cowichan
Great post Do you feel this announcement explains why SP has performed so well over the past few days. Appreciate Gols rise will have been a major player in this.
Bob
Mr Bond, your post gut wrenchingly reminded me of the time Gordon Brown sold 200 tons of British Gold for between 200 and 300 dollars an ounce and by pre announcing his intention to auction it off dropped the price he got by 15-20%
To make matters worse I could not resist converting what the value of that gold would be worth to the Nations Reserves as at today. 8,135,634,437 pounds sterling approx. That would make a big difference to the poor victims of the current flood disaster and I hope the present Govt really help and pour money into the present and future defences to avoid repeats as far as is possible.
Bob
Hi Razor,
Astonishing rise. Waiting to see what Comex will do when N.Y market opens. Could compound or take back down . To what level is impossible to predict. Glad topped up the ISA max at about 127 as currently about 147.5
Bob
Hi Tibbs
Snake in a lucky dip far more trustworthy . The Comex is a good example of manipulative trading and short term electronic ETF trading (and I mean milliseconds or used to be ) to take out at the stops leveraged big players. the only consolation is that the City players are also doing it to each other.
Welcome man on the train return for his intuitive thoughts .
Bob