Member Info for Iglu

Gold up around 1% already, the pullback recently was healthy and we have broken back above the $1850 level. The uptrend from November’s low is still in place. The overall long term trend is still up & gold remains in a bull market. It’s important to see the bigger picture. We will be back up around all time highs soon enough.

35 targets...fully funded, fully funded, fully funded from existing cash flow. He kept repeating this to get the message across to investors. Well worth a listen

https://www.proactiveinvestors.co.uk/companies/news/937855/united-oil--gas-kickoff-2021-with-a-bang-as-drilling-gets-underway-in-egypt-937855.html

United Oil & Gas has announced the spudding of the ASH-3 development well, onshore Egypt, with the Company looking to build on the outstanding success of the ASH-2 and El Salmiya-5 wells. The ASH-3 well will target the producing Alam El Bueib (AEB) reservoirs in an area updip of the prolific ASH-2 well and take up to 60 days to drill and test. The ASH- 3 well represents the first in a multi-well exploration/development drilling programme scheduled for 2021. United has also announced the completion and commencement of gas production through the ASH gas pipeline. The pipeline will increase recovery rates and reduce the need to flare gas from the ASH-2 well – significantly improving the environmental performance of the licence. Over the first two days of production, the ASH gas pipeline delivered an average of 1.2MMscf/d (240boepd) net to United. We maintain our price target at 21.2p/share, a 607% premium to the current share price, and reiterate our BUY recommendation

Great news regarding the spud...on time as promised and 80% chance of success. Gas connection complete and earning money. Lots of news flows to look forward to this year. Broker targets of 17p and beyond

That’s approximately 40/50mil more profit a year at these prices compared to the November low @ $1760. That’s calculated at the lower production levels....these gold prices should easily compensate the production drop, so revenues will still be very high. Next stop gold $2000 and quite fast at this rate. Fantastic for CEY holders

Gold to break $1900 today......it looking good. Then onto $2000 :))

Fantastic RNS & spud news to follow very shortly with a 80% chance of success. Things starting to look very promising here

Patience will be rewarded here....lots going on. Shares often stay in a range for a long time. It’s good as the breakout can be quite explosive and unexpected..Hold tight this will come good.

A cracking day and many more to come....this could easy go back over 20p short term

Sorry wrong share....I was suppose to be writing on the BIDS chat not HUM. Apologies from me. Although I am indeed invested here also and see massive upside also. 50p easy doable short term then moving onto the £1 target :)

Yeah 50p longer term very possible....short term 20p. With this one anything is possible

A cracking day and many more to come....this could easy go back over 20p short term

HUM is a good one, definitely worth a look at. I hold CEY & HUM.

Bodes well institutional investors are loading up...they obviously see good value

A lovely RNS and great appointment for UOG....step by step we are getting there. Spud news coming very soon & other news flows...exciting times ahead..

I get enough Brexit watching the TV. We all know what’s going on and have our own opinions. No need to bring it to this chat, because this chat is for Centamin discussion...im sure others feel the same...I don’t mind a bit off topic stuff.
So back to my gold calculation bellow please? :)

So am I about right in thinking that every $100 the gold price increases its another 47million in revenues coming in for CEY? Approximately of course
475,000 ounces x $100 = $47,500,000?

Check out “Dark Pools share trading” on youtube. It’s how some of the big fish operate

Some great information, yes lots going on behind the scenes. It’s good to see lots of institutional interest. With gold prices rising I see the scales leaning much more towards they buying side. So I wouldn’t get too disheartened about the RNS today. Remember for all those sells their was a buyer :)

Institutional investors buy and sell. They want to make money also....don’t be surprised if soon some start increasing holdings in HUM as value is seen. It happens all the time, and to try guess what they are all doing is nearly impossible. Those that where selling yesterday could be adding today. One thing is for sure sentiment is returning to the gold mining sector and the good companies will do very well. I think HUM will be just fine