The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This pull back has been well talked about and is an opportunity for new money to get in and week long positions to be closed. Nothing has changed since last week but a little sentiment, underlying issues
all remain. IMHO the gold price will hover n bounce around until trade talks, where in the short term results of will direct the market. But even a positive trade talks result is too little too late, economies are subdued n interest rates are only going one way. I’l
be buying more GDX at some point soon.
Sorry Mrtibbles, I love your centamin views and fully respect you, I also am not really a Boris fan. But I agree with everything he has done so far, n the EU has not listened to the British public re our views on immigration control, they work for us, not the other way.
This is a huge gamble, but the EU cannot afford the chaos either, there will be a last minute deal, everyone just needs to hold their breath n believe.
I think ur taking it a bit far. Australia has immigration controls, we don’t call them nazis, as I recall the people voted leave, so as a democracy we should, to not leave contradicts everything democracy stands for. We would like a deal but the EU are understandably being difficult. It’s all far from perfect but there has to be progress in some direction, IMHO.
Go Boris. What dithering politicians ignore is people voted leave. I’m sure a deal will prevail, there is too much money and power at risk. We don’t want a no deal brexit but the EU is forcing it. Now the EU knows it’s a reality they may look differently, but knowing how crap politicians are it could be tight. Boris has to do this to be listened to. I’m not a Boris fan but I see where he is coming from. We are better of out of this limbo. Just think, if they had let us control immigration even slightly this would have never happened. I bet if Germany or France wanted immigration controls it would have happened.
I think we just have to wait for results, then we will see some movment. As more and more Producers report at the higher GP they will be showing great profits and returns, that will bring the herd
Well put, with some trepidation I think they will have corrected. Im a little optimistic with a target of 120oz. There again I never got close to those oz competitions we used to run, remember? will it be 145koz or 151 koz, ahh those days.
Fingers crossed!
Ha - congratulations, we almost own half a 1% :-(
Wrote to Cey saying I hope they have corrected their manufacturing woes for a good release the 18th. received this reply...
Thank you for your email and importantly thank you for your loyal support.
Recent gold price performance has seen gold equities globally performing well. Where each gold company has varying risk profiles and fundamentals driving their market valuation - to which it would not be appropriate for me to comment - I will note that Centamin shares outperformed the GDX Index, Acacia and Highland Gold in June and more broadly outperformed our peer group, comprising of the intermediate gold producers, as well as the senior gold producers.
Notwithstanding, we believe the shares are a long way off trading at fair value and where this presents an opportunity to new investors, we are aware of the shareholder experience for the longer term holders and appreciate your support.
Our corporate culture is to never be satisfied and always strive to be better. The operational challenges of last year have meant Centamin has emerged a better company and will continue to improve. Our assets portfolio, technical expertise and culture are all but a few of the drivers in unlocking long-term value.
If not Im packing my bags and reducing my exposure massively. GDX, HGM, ACACIA are all motoring and CEY is stuck in the duldrums because of operational F-ups and poor communication. Its not giving me exposure to gold which is why I bought in.
never a consolidation...
Its good news short term IMHO
Fed have only withdrawn $7bn so far in June compared to $38bn in May and around $47bn in April.
This week will be interesting as the last in June...
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Im confident, Ekihulu alone is generating massive cash at AISC at below $600 an OZ. based on around 45k Oz produced we are looking $30m+ at the average GP in 2018/19. Thats not withstanding the other operations. YE is the 30th June, 6 days from now, I expect they are in overdrive this week at a GP of $1405
Theres alot of debt(scheduled repayments) but there will be great profit IMHO. Zar/USD/GBP is also in our favour.