Member Info for bobliz35

Hi Mr Bond
Seriosly considered Tornado Tony predictions but set a buy limit order for 10000 at 121.4 and got filled . Wasnt too thrilled to see bid dip below 119.5 but happier with late and sharp recovery. Now overweight CEY and sit and see what happens'
Have set up a virtual street corner with friends in the local community via Skype to ensure medicinal alcohol available to all

Regrds

Isolated Bob

Thanks for that Tibbs, and enjoyed your recollections . Personal anecdotes give all here an expansive and human background to the Centamin information and factual news posted on this delightful board

Regards

Isolated Bob

Good to hear from you Mr Bond

Sorry off topic

My very best friend sadly no longer with us was a Maths head at a very exclusive public school with a degree in statistical maths from Oxford. His part time job was working in a bookies and he was an inveterate gambler but at the Races (we joint owned the back half of a hurdles horse) and he would look at the betting boards and tell you whichever horse won the profit that that book maker would take home on that race. My bridge tutor and I always lost to him at back gammon. He played the markets as well and during the Tech bubble we accumulated enough to finance the racing. If you haven't stood at the rails at Fakenham in a 30 knot wind in January with temp at 2-5 degrees you have not lived.
Apologies rambling but your bet 365 prompted it.
What a fantastic eclectic board we have here and some have deep knowledge which I really appreciate .

Isolated Bob

Sorry digit error
I've accumulated 2400 Centamin shares at zero cost. except the extortionate trading fee which is a disgrace.
My goal is simple is to accumulate max CEY shares as come May the divi will be a beacon in a sea of gloom
As I have posted here before a return on any investment you wish to call cannot reconcile with CEY divi return . It is backed by a balance sheet which is positive, cash assets , a proven resource and a prime mover in a growing industry. West Africa will be a corona virus basket case and have crystallised all my holdings . sadly some not in an ISA but happy to take the lesser hit . Wait until earning season hits , blood bath and DOW and SP500 blitzed. We have not seen this before and hopefully will not see again in our lifetime. Cash at this time is not a reasonable hedge.

Kindest regards

Isolated Bob

Hi Tornado

I blame and bless you. I day traded form 2000 until 2006 mostly CFD directly into the book the other side of the spread. I have posted here as to the zero sum game that most are caught up in but I dont think many here understand that they are the other side of the market whenever they place an order but c'est la vie. THE MARKET IS NOT MOVED BY FACTS BUT BY SENTIMENT and that is mostly ahead of ordinary investors. I blame you for the fact that I have traded over the last few days being a great believer in the psychological stops of round figures. Sub sequentially I sold at 129.10 and bought back on limit orders at 121.75. The inexperienced would have set their limit at 121 and would never have been filled. Equally their limit buy order would have been at 129.5. These are my own shares so I am not leveraged now but the end result is that I have accumulated 2400

Hi Cowichan.

If you posted your grocery shopping list I would read it Agree Rebess comments .

Isolated Bob

At what point in this current crisis cycle does holding fiat paper currency become like the Wiemar Republic Deutsche mark? Worthless.

At what point does the good old US OF A declare hoarding or holding of Gold Illegal. If you dont think this could happen read on

In 1974 President Gerald Ford lifted a forty year ban where it was illegal to own hoards of gold. This ban was put in place by Franklin D. Roosevelt in 1933.People were able to buy gold and trade gold as a commodity. After the great depression is when this all happened. However this time is different as the relative economic strength of China and India would overwhelm that decision and the American wealth holders would create mayhem for any USA government. How much Q.E can prop up this zimmer frame market? It is interesting that Smith forecast that inflation was not the only depreciation of paper currency. Interested in any very capable technical analysts on this board regarding the violent drop and recovery in a short time frame of CEY price today.

Isolated Bob

CEY just moved into positive territory. Fascinating

Something to do whilst in self isolation

Isolated Bob

Hi Super
Very well put. Amidst a rising tide of profit warnings coming and oh boy will they be dire Centamin will shine as a beacon in a desert of bones.
Presume all have seen the news re Sukari corona virus free and the strict measures the Company have put in hand to keep it so; Click on share news at top of this board along with a comforting statement as to supply and shipment .

Interesting fast downward blip of about 6-7p now retracing upwards equally as fast. Those with a large order to fill on their books aiming to bring some liquidity into the arena. Never know for sure of course and have not used the word manipulation .

Keep well all

Isolated Bob

Hi Cowichan,

Your thoughts echo mine except that it was noticeable that the main Institutional movers in the market did not calculate that the End approach would add value to their holding . They employ the best analytical minds on the planet and didn't budge. They all hold extensively in Barrick and again if their analysis indicates value then CEY will be toast. However CEY is unique in holding first mover advantage in Egypt and have a business plan which is some miles above water. The main disadvantage is the management team and I feel the next round of announcements will indicate where we are heading. I freely admit to holding Barrick and have previously indicated their jv(for want of a better term )with the Saudi's.Expertise I admit in copper mining and not having the knowledge to whether this transposes easily into a gold mining operation although their Saudi operation does have a gold element attached. What do they say "never fall in love with a share" but must admit CEY is in this unique position with me as with my holding in Johnson Mathey, again regular though lesser divi as a percentage of current price but against my price bought in and adjusted for inflation and compounded interest magnificent and secure. . As I have previously indicated the Divi is my main concentration as my holdings are when Sukari was a map on the wall. Hopefully the Institutions will see future value and demand a decent premium if and when they throw their weight behind a sell out. Brokers short term Blackrock et al long term .

Just my thoughts and not an aficionado as yourself on this fantastic board.

Isolated Bob

With Centamin in a remote desert location , happy they can keep clear of the Coronavirus.
Not sure I would wish to be in Endeavour in West Africa.
The ticker at the top of this forum frozen again and CEY now positive by some 2%
Isolated Bob

Hi Tibbs, Mr Bond
You could be right in these times but this happens quite often. Can explain further but prefer your interpretation.

Isolated Bob

I started out with nothing and still have most of it

Courtesy Michael Davis

Isolated Bob

Hi Bond

Decisions , decisions ,decisions, do I open that bottle of St Estephe 2000, or the Romerol Rioja, or the Haute Medoc claret before I am relegated from this mortal coil via the courtsey of this new virus. I f I drink now and survive I have no back ups for the future. If I dont will my descendants appreciate the legacy I have left them. I think on reflection I owe them the respect to drink the best as that takes the pressure off them having to spend a life time to educate themselves to savour the
better vintages.
Keep safe and enjoy as best able.

Isolated Bob

Bond

Great post and hope this fantastic forum can keep up its humorous side

I have a very very rescue boxer who wants to rip the throat out of any human being it encounters outside the home so an isolated walk guaranteed.
Vino stocked , freezer full, but wife and daughter still working so have suggested
confining them to our garage. Even volunteered a radio but didn't get their approbation and they had the temerity for me to go into the garage. No sympathy for the elderly vulnerable. Might change the will.
Keep safe we need some cheer and humour on this wonderful forum for the immediate future

Isolated Bob

Hi Mr Bond

Probably purely financial, they buy a certain " bandwidth" allocation from the lONDON sTOCK EXCHANGE SETS system and in these volatile times with everybody accessing that system on this platform they freeze up when the allocation is
expended.
Not a premium member so would like to hear whether the Premium service has the same problem. Cant complain after all theis forum is a freebie.

If you want up to 15 min delay info see my previous link to The London Stock Exchange site.
Isolated Bob

Has done this for some few days Tibbs. Currently 9.25 up on the day
London Stock Exchange link I posted gives SETS price but also delay about 15 mins.

Isolated Bob

Hi Tibbs

OFF BOOK can be used by Brokers to transfer shares from one to another. As I see it if Broker A has a large buy order in then he will try to obtain these from other Brokers at median price. In this way the buy order can be concealed from the market which might otherwise create difficulty in filling that buy order at the best price. Additionally Broker A may have a large short position to cover and would ask Broker B to "lend those shares to cover"
Others here may have a better way of explaining it

Isolated Bob

Hi Tibbs

You will see the following which is somewhat confusing OFF BOOK as a transaction.

Explanation herewith

Pros of off-book trades
Off-book orders are not as reliant upon the rules of an exchange or trading system. This means that they can provide a lot more freedom and flexibility for participants to choose their own prices and outline the parameters of their own trade. The counter parties can create a private agreement that suits both of their needs and goals.

Cons of off-book trades
Off-book trades can have a higher risk of counterparty default, as there are very few rules or contractual obligations.

For some off-book trades, there is no official record kept at all. The drawback of this, is that off-book trading is often used by individuals looking to conceal their behaviour from others.

The lack of official regulation can also be a cause for concern, as there is no obligation for either party to report the trade to an exchange or publicise the orders to a governing body. And even when off-book trades are reported, so that they are executed ‘on exchange’, the process can be time consuming and experience significant delays. This is because the exchange doesn’t have to record the trade immediately.

Isolated Bob

Hi Tibbs

Actually this forum board has a short position summary on shorts as a percentage and gives a picture as to the current and trending positions. Just below the icon for Share Trades which is very unreliable of late seeming to shut up shop about 3.00pm and not show any trades after that time and indeed price change. This can also be the reason why you are seeing such a large discrepancy between what is shown here at the close and the open position the following morning.

If you wish to see trades after the SETS system closes at 4.30pm then this is a link to the London Stock Exchange site which is fairly easy to configure.
https://www.londonstockexchange.com/home/homepage.htm
Hope this helps

Isolated Bob