Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
USD is rising nicely, we could see SP drop back down to 120p again, but don't worry a director have bought 100k shares at 120p and should be a strong support there too.
short have increased to 1.29%, it will be higher than that, no doubt there will be many funds shorting under 5%
Indicators looking good, MACD is going up, mometum is increasing, RSI not oversold nor overbought, just steady SP increase and need to close that 160p gap above from october 20th which is also 200 DMA and the SP was above 200 DMA most of the time this year.
the low sp have already priced in all the bad news from last couple of months unless there are more bad news, which i doubt it because otherwise why the directors bought 100k shares at 150p, maybe they should bought after the q3 results/report, the only thing that will move the sp now is the price of gold
From 2014 to 2018 the gold price have not even reach 1400 and centamin is making profits, now gold price is above 1800 and posters says they will break even or even making a loss, the AISC have increased from 950 to 1250 next year which is $300 difference so the $400 increase of gold price from 2019 will more than pay for that increase of AISC if gold price stays above 1800, and centamin still makes about $200m profit and probably still do next year if gold price keep on rising.
Hopefully soon the sp goes back up to 180p which is the 200 days moving average and was above this most of this year, if gold goes past 2000 which i believe it will then it can go past 180p restiance and close the 198p gap above.
Anyone think the sp will go down to single digits because one of the directors Desmond de Beer bought more shares at 9.8p, 9.3p, 7.2p and more at 4.1p, or is that because he bought them on the Johannesburg Stock Exchange.
cases in uk have increased from 500 to 3000 daily cases since reopening of cinema's and school's, hope the government will not close down the schools and cinemas otherwise the sp will drop again
Morgan Stanley aren't they also holding a huge amount of precious metal silver as investment for their investors all the way down to $13 an ounce and now its over $27, are they doing the same for cine?