Member Info for MarkBellUK

Monty do you have an Alliance news subscription? Where did you get the Goldman rating change so early? TIA

Shorters closing in a panic now

BERENBERG RAISES CENTAMIN TO 'BUY' ('HOLD') - TARGET 146 (142) PENCE

@418 auction

Has just formed an ascending triangle (69.45% probability of continuing the uptrend through resistance)

The pre market auction will be fun. Looks like I will be trying to buy more in it for the fourth time

Now its 24.3$..Dont have L2 data on USA so Im at least 15 minutes behind

I have 11.55%?

On the chart there is nothing in the way now until circa 515

This sustained buying pressure is yet again shorters closing (I think)

(Sharecast News) - Bank of America has upgraded Centamin to 'buy' after new chief executive Martin Horgan outlined his three-year outlook for the gold miner.
The bank, which previously had a 'neutral' rating on the London-listed stock, said the firm was now targeted to produce 405-500k oz at all-in sustaining costs below $900/oz from 2024.

It continued: "Production should ramp up from the 2022 full year, costs reduce thanks to economies of scale and cost savings initiatives. Capex to increase in the short term, as a result of higher waste stripping; this should provide greater flexibility in the mine plan."

BofA also pointed to Centamin's strong, debt-free balance sheet, and to a management focus on stabilising both production profile and cash flow generation.

It has therefore reduced its forecasts for earnings before interest, tax, depreciation and amortisation for the current year by 3%, but increased them by 3% for the 2021 full-year, to $448m.

XTW2 even though that's probably true you have made me feel a bit younger (which is no mean feat these days!) . Thank you x

PS have a read of Sotolo today on HOC..apparently he's sold out of CEY and bought HOC even though he held 6,343,324,123 shares lol

XTW2 do your homework son. HOC not comparable as the chairman has just sold £132 million worth of his shares

AND up your target for CENT at least 150-170

Yes they were nice upgrade:-

BANK OF AMERICA RAISES CENTAMIN TO 'BUY' ('NEUTRAL') - TARGET 150 (160) PENCE

Its not a knee jerk drop, liquidity needed and he sees the downtrend (look at the weekly). He's selling out before its 160

I think this will now lose correlation with POG (unless PG key going up which will then add momentum to the uptrend)

In terms of the CENT price its very close to been a very reversal (we have just missed a three line strike candlestick pattern in a downtrend with proximity to support) which has a 76% accuracy of reversal given those exact parameters

The GREAT news is there isnt much in the way now until 145 once reversal confirmed so all shorts especially WorldQuant which be twitching like ...

Oh hold on a minute theyve already started reducing:-

WorldQuant LLC CENTAMIN PLC JE00B5TT1872 0.68 12/1/2020

GOLD: Gold rose to an over one-week high as the dollar weakened on hopes of coronavirus vaccine roll-outs, while investors also weighed the possibility of more U.S. stimulus....

Also Im expecting a nice uplift from the buying pressure of the shorts buying back borrowed shares over the next few months

You could be right "Glyn from Bristol aka Sotolo?" but Jefferies now value it at 170 ,given the new numbers, so if you dont mind I will go with the professional analysts calculations ;)