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Well I've taken advantage to buy back at 170.9 what I sold at 1.87 and 1.85.
Thanks Mr Market. We're not quite even but I got you this time...
I'll let you have some again at a price above £2
You in now backinblak?
Funny I was just looking into this myself, trying to work out what the all-time high was. I have been in Centamin since the Arab spring when it was about 1.20. It looks like it was about 202 intraday in 2010 and closed about 1.90 in 2017? £2 looks a nailed on cert this year but I am doubtful it will happen on this rise. Hence I have traded a few in the last two days at 1.87 and 1.85 with hope of buying them back at about 1.70. Share is looking a bit overbought at the moment and I swore to myself that we ever reached this territory again, I would actually try to fulfil the objective of shareholding and make some money from it! I feel I am a bit too emotionally attached to this share and tend to find it easier to hold at a loss than sell at a profit. hey ho. Anyway, mumblings over. Good day to all.
CEY SP is only now at level where it was 3 years ago when Josef sold a bunch. Gold price is now about $400 above where it was at that time. Wow.
Got mine in HL. Usually I re-invest but not sure this time. I think we may see a little pull back once it hits 180
If there was nothing to hide, why withhold hit? Surely it would instil greater confidence if the process was transparent and the data were allowed to be forensically examined? I can't say I have much confidence in FCA. I held Woodford but was lucky enough to bail 1 week before it got suspended.
670 looks like a new support level and silver moving north. Come on Fres, time to wake up!
I think i read somewhere (maybe it was in the annual report) that Burford had ruled out buybacks in order to deploy the cash for all the new cases they are expecting in the current environment.
Mr Bogart still needs to buy almost 600000 to catch up with Mr Molot. lol
Indeed, the strength being shown today is very encouraging. Time to be in not out.
Market seems to have quickly swatted this latest irritation away
Like an annoying fly. Have to keep swatting him away.
Don't know the details yet but I just saw something on Marketwatch about Muddy Waters saying Burford overstated cash and operating profit.
How would you feel about a joint venture?
I'm not sure the gold price will have a huge effect. Although gold is significant for Fres, isn't gold production decreasing? In my opinion, the silver price needs to pick up a bit for Fres to display some more oomph.
Down again. Fres looking weak and lagging other miners. Pattern seems to be buy at 650 sell at 770. H2 is supposed to be where the improvement comes isn't it?
Bought back at 151.5. Made a couple of hundred and with divi to come so I'm happy with that. Trump threatening tariffs again so I'm thinking gold may perk up from here and Centamin is still only at a level it achieved a couple of years ago when gold prices were much lower.
Nice to hear different opinions, thank you. My thoughts: 1.30 would be a 100% retrace from the recent rise inspired by the Q1 figures and means the market has totally discounted it. I don't agree because I think it is what has given the market confidence and belief that Centamin has turned a corner and I put some value on that. Of course there are still the risks of missed production, covid shutdown, falling gold price, a dash-to-cash market crash and god knows what else as we have seen over the years. That is why I would also like to see Centamin diversify somewhat. My biggest fear at the moment is another dash-to-cash as I could see £1 or so in that scenario (in which case I will get a new credit card and load up)
Well I am looking to buy back what I sold at 1.66 so that I can increase my holding and release some cash at the same time. I agree that the price can go anywhere. I have been in Centamin long enough to know that anything can happen! May I ask what you consider to be a good buying price?
Personally, I feel that yesterday was a historic day with Shell cutting its dividend. Although oil prices are recovering a touch, the economy is in a mess and will be for a long time. In an environment of dividend cutting, money printing, high debt and sluggish activity, those companies that are able to grow and actually increase shareholder returns should do well. I don't see Centamin falling heavily from here unless there is another huge sell-off and dash to cash. If it is orderly, I think (hope?) there will be further rotation into PMs and the trend is upwards. I am buying the dip and have a buy order at 1.47 and have freed up some cash in case it goes lower.