Mr T, I dont think they can afford to raise real interest rates, the world is loaded with debt, they want they Inflation. But if they did raise rates, all hell would break loose, and that would push gold too, IMHO.
I dont understand this market, GMs are getting unloved and gold Price is weak but inflation if on the cusp? Silver is Q high but silver miners are fairing poorly. Copper is booming, signalling inflation, but even the likes of Barrick are down. What I have missed... There should be some strength somewhere give the 1.9trillion about to be agreed tomoz, combined with copper n inflation worries.
On a separate note I voted Brexit. What a fcking mistake that was.
I wont accept £1.45 or £1.50, they would need to push higher for my approval. I have just under 450k of them and topped up another 16k of them today, I would sell at a higher price though of mid 1.60's. Like posted, there is £300m in cash, potential in africa, new concessions in Egypt.
Where the other concessions with the companies in Egypt confirmed officially? or is it just CEY who are hanging on for official confirmation?
Rebess, I’ve come to respect your hunches. I’d welcome a buy out, but at 1.13 today I’d want it round £1.70 to £1.80 n I think that wouldn’t happen. But I suppose I don’t really have much choice as the city n directors will make the money.
I think we should hit 40p ish soon, I think... (that will be a high) depends on gold and the dividends ,but we are making money and results are a month away, should be record results. I think the only way is up.
Thanks all. Anyway my mind is made up. I own 491,208 shares, all pitted against every director now. I sold out at £2.30 from historic buys and bought back in at £2.05- £2.15. Maybe Im just mad with myself, but Im also mad with them.
I can hang around a bit for a bounce, but I feel cheated like from a loved one.
My love affair with Centamin is over. The management cannot manage, they've not grown the business over the last 6 years, and in fact I think its worse off. As soon as I get a partial recovery Im selling out my holding and spreading it across more successful top tier miners. Im voting against everyone of them at the next opportunity.
Suspicious RNS. These things don't happen overnight, must have been in discussion a while. Share price driven super low, we all know which way gold is going. Are we about to be picked up at discount...
I sometimes dislike to read Rebess posts, they're bad reading when all is well and the SP is high. But he is right, again and again with his intuitions. Even when the director bought 15k Rebess said it wasn't a serious commitment and he didnt believe it, or something to that nature. The mans a Guru, he has the sum of this management.