Member Info for kickingking1

So when gold falls 7% Then that mean 30% for Cey. When go was breaking $1700 why was Cey not kicking the door of 200p.

So Barrick down 5% and we are down 12.5%. Lse showing wrong price. IT NOW 99p

This is starting to tick me off big time. We dropped approx 30% in less then a month without a pip squeak from management.
Why don't these idiots say something like ( we have used the low oil price to stock up for enough to operate our mine for this whole year) anything to stop this downward spiral. Long term holders make no money in this share. This has become a trading share now.

Sotolo
If you are happy for them to just stay Egypt mining Sukari, then why dont they sell their other mines in BF and IV.
We can not rely on gold price to make more profits. Going by your definition 10% rise in gold price = 30% rise in Oz mined, then would that mean 10% drop in price would mean 30% less mined Oz.

I will stick to my theory that we need to mine more gold. At the end of the day we are gold mining company and not a gold trader.

Rebess, That is so funny(We are a half-mine operator.)
Regarding a takeove, it would be nice if we are at 160p when it kicks off and not 100p. Next update will decide if Barrick makes an offer.
Regarding the gold price after UK markets close. I have notice that it always fade before our market reopens and so we get no benefits from it. Even yesterday Gold up Cey DOWN. Gold down Cey DOWN.
We have to mine more gold , It is as simple as that.

Anyway topped up today

Sorry for plenty of errors. Sometimes as one is thinking of what to write, alot of words get missed out. I can not find an edit button. Anyway there is enough there to make sense of what I tried to say.

We are back to pre Endeavour. Company share can not stay above 140p for long. the next update better be good or we will back under a pound.
Management have to show some ambition and NOT just prod along as they have been doing for years. With the new mining Law Regs starting in April Iwant to them bidding for new areas and start to that money that just sitting there doing nothing. Having a cash pile has not stopped Cey from a sliding share price.
What the markets wants is ambition and to show that they want to big a bigger company.
If not we will be fighting off another takeover. Want have gain after all these years apart from some dividends. The answer is nothing.

You can also read it here

https://www.finchannel.com/world/77720-egypt-announces-an-international-exploration-tender-for-gold-mining

By the way I am a share holder in Cey and have been in and out for many years

When the market crash happens, all companies shares will go down. The good and bad will go down together. Gold will go down also but then rise after the initial shock. I would put a stop loss in place and then pick Cey at a much lower price. From memory I think good mining companies lost about 60% of their share value. I remember Anglo American dropping below £2 and remours of them having to sell DeBeers. So dont think that holding a good gold company will keep you safe because it wont.

I look at some companies that have gone up in gold mining sector as that is where I am mostly invested at the moment. I reseach to see if price is justified and then buy. I do not buy as a gamble. I worked hard for my money. I have seen many companies go up and people lose a lot of money when there is zero real reason. The companies I am in will not double over night but they will also not half. Plus paying a dividend is useful. I will only post on boards Im invested in from now on.

Sorry Parfett123 I was not talking about you. It was that guy Applegarth who said he was reporting me for deramping.

Ok so people are not allow to have an opinion that different to yours. I have no position here and never will. So can I report you for ramping. I have shares in mining companies that make a profit and this is not one of them.

I think it just small PI who bought thinking they would make a quick buck. Relised its is no happening as they would like and so sell and jump into the next share. Long time holders will know that this is a good company and will stick it out. Pick up some dividends and wait for price to get back to a more relistic target. These are small sells. It is not like last few weeks when there were big sells of 250k, 100k etc day after days always reported late.

A share buy back can also be seen as a negative move. It shows that management do not know what to do with the money. What is the point of doing a buy back at 127p when they could have done at 70-100p. I think they should use the money to develope other mines. That will also increase share price. Less then two weeks to see what management will say.

This isthe problems of Regs that Centamin are working at present https://www.egypttoday.com/Article/3/72865/Sitting-On-A-Gold-Mine

This might be of interest https://arab.news/yywrx
Hopefully Centamin will say something regarding this in their update end of month. This should push share price above 150p.
GLH