Member Info for ElProfessor

Mind you if we keep going like this it might be long before I have to complain if the SP falls back to starting with a 2!

Sotolo,
Agree that the day trade is a difficult game to get right in the current strong upward trend (long may it continue).
Hope you are right about the 230. Hopefully we will rise in anticipation of the next Tuesday even without any upward gold movement.
I do like looking at a CEY share price that starts with a 2 (well provided it is not twenty something). Do you know whether today we took out the 2010 all time high?
Best wishes,
Prof

Hi Sotolo,
Can I do the contrary:
Bought 40,000 @ 184
Averaged down 40,000 at 174
Averaged down 40,000 at 147
Pleased when got back to my average at 168 so sold half. Now kicking myself for the sale! That would have been another £25k.
Best wishes,
Prof

Emkaybee,
Great to hear of your success and your patience being rewarded (and your many occasions of frustration compensated).
Best wishes,
Prof

Hi Jack,
Next Tuesday is the half year interims. On past form it will include the announcement of what level they will be paying the interim dividend and when - most likely Sep.
Best wishes,
Prof

Razors,

Thanks for sharing. It is really good news that analysts are starting to move their target prices up. Let us hope that after next Tuesday's update they will move it up further. With the p/e upgrade from 12 to 15 that Sotolo was speculating on, gold at record levels and with some real momentum behind it, if CEY management can continue to show that the last two years' mishaps are behind us and hint at production moving upwards of 550k for future years, then 300p should be possible in the next year - or am I just getting greedy?
Best wishes,
Prof

Gold has put on over $250 since the beginning of last month (07 June). That is quite some rise.

Crocked,
I don't want to depress anyone but with gold this expensive I doubt we will be able to afford golden flip flops anymore.
Prof

And now 209-211.

Golden Bull,
Well the beginning of the day is always a bit weird but we sat comfortably in the 200s (205/207) which is great to see.
Hopefully having got the psychological barrier of the 2017 high behind us last week we can this week comfortably put the 200 barrier behind us and then motor on.
Best wishes,
Prof

Hi Sotolo,

You ask the million dollar questions (literally I suspect in your case given the amount you have invested here)!
I had also said I would take my money off the table at 200p but there are two key factors stopping me from doing this:
1. With gold at 1900 I feel CEY is not fully valued
2. What on earth else do you do with your money in the current climate?
I am hoping that post 04 Aug we should see, provided no gremlins are flagged, a bit of a tailwind for the share price. You mentioned the other day that you felt a PE of 15 could be coming rather than the current 12 and with the lack of safe alternatives I tend to agree that this is reasonably possible.
Gold could indeed fall back even if it is a temporary adjustment on a stellar path. At present however the direction seems one way and I am not seeing the fundamentals to change that. Certainly ahead of the US election I would expect Trump to push for further US stimulus given that he has in the past used the stock markets as a barometer for success and it is certainly true that a further market crash between now and November will not help his already faltering chances.
Once I feel CEY is fairly valued relative to the current gold price I might sell some and reinvest in other gold/silver miners. With the printing presses still running hot, world economy looking distinctly weak, Covid far from under control and international relations fraught I think gold and silver have plenty of legs.
Best wishes,
Prof

.... 4 new decade high closes for CEY. The 200 barrier broken this week; closing the week close to the daily and weekly high, gold above 1900.
Life is good!

Hi SMOddy,
First post - welcome!
Best wishes,
Prof

Hi Paul,
Great to hear from you. If you have been invested and following Centamin for 10 years then I am sure you will have lots to add to the musings on here - which is often all they are, well for a lot of us at least, rather than knowledge.
Well done on what is getting close to a 4 bagger for you.
Hope to hear more from you.
Best wishes,
Prof

Sotolo,

Thanks for the correction. P/e of 12 does seem rather in need of a rerating. There is going to be a real lack of companies where you can get the % dividend that CEY is paying and outside of stocks there is even less choice. I like the sound of a 25% uplift in the share price. Takes us to my 250p which I really don't think it unrealistic for this year provided gold holds at current levels.
Best wishes,
Prof

With gold at over $1883 and AISC around $900, we are close to clearing $1000 an oz.
If this holds and if we assume production for next year is in line with this year's mid point then we would see profits of $520M so $260M after profit share. With c1.15bn shares in circulation that would mean c22.5cents or 17.7p per share being generated.
Does anyone see any flaws in my maths?
Best wishes,
Prof

Just saw Cey at 200 on my HL account. Unfortunately it was the weird and erroneous pricing you sometimes get right at opening and it is now showing 196.
Still was nice to see briefly and I like to think it is a sign of things to come later today.
Strange to think that I am now frustrated by a 196 share price. There were times within the last year that I was wishing it up to 96.

Gold hit £1473 overnight - another new all time GBP record and is currently settled nicely above £1470 as we approach the start of the London trading day.
200 for CEY has got to give soon. Is today the day?
Best wishes to all,
Prof

Oh and it looks like gold just hit a new GBP high while I was typing the previous message hitting £1469.49.

Sure I am disappointed that we closed today where we opened yesterday with gold having moved 40p higher however we came within a hair's width of breaking 200 and we hit a new ten year high, after having done the same thing yesterday.
We are in a good place and as Razors said we have an update to come 04 Aug which I suspect to be a further catalyst for a move up. Oh and gold is now above $1870 as I type.
I am still expecting to see 250 this year.
Hope I am right.
Best wishes,
Prof