Enough is enough3 Oct 2020 12:44
I have been invested in CEY for a number of years and held tight through the various setbacks because of the asset that is Sukari and the dividends CEY pay, especially this year as so many 'sensible' income shares cancelled dividends, which as a retired person are a welcome top up to my pensions. Unfortunately I never seemed to have spare cash to top up on the dips so the SP often fell below my average bought price. I was never as firmly suspicious as Rebess but increasingly the negatives about CEY were growing stronger - single mine, what's going on with W Africa, unresolved Court Case, drip selling by the BOD and of course the yearly production problem which I foolishly thought the company had put behind them. Fortunately I had reduced my holding by half since Xdiv taking advantage of 200p+ so I wasn't overexposed on Friday when I read the RNS before the market opened. I sold my remaining holding as soon as I could and fortunately got out at 182p and counted myself fortunate. Enough is enough for me here. I may come back in if the SP drifts further down and the updated mine plan is reassuring but it would only be a much smaller shareholding than previously - can't resist a bit of speculation.
I hope CEY recovers and prospers and good luck to you all with that. I'm still in PGMs but have spread it around this time - getting too old for these early morning heart stoppers!