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Someone is shorting again? But the real value won't change as well as LTH position. If the SP not going up today, then tomorrow. The uptrend is intact in my opinion.
I have been uncertain by many posts in this board and I lost a lot of money as i think the share may go down. My money is not much when compared to someone super rich but it is just only my saving. But yesterday Webcast from CEO is very helpful. I think he will do the right thing so I believe him. I start to agree with many people on this board who said that before. From his forecast, yes it is a bit disappoint that the production guidance is not exceeding 500k in the coming year, but if he can control the cost as he stated, CEY will come back to its wonderful time. As EIProfessor always said in this board, CEY strength is its cost control.
I don't think share price will go sky rocket very soon but I think it is a very good time to invest in CEY and wait with patience (1-2year at least).
How low gold can go?
Just watch Trump video clip back to white house, yes he said don't be afraid of virus, we got the best medical equipment. Yes he means only him and all privilege class people around him. What about normal people who cannot even access testing kit? I know he like pull off big stunt show but this is a real bad example.
Where to check this information?
Btw, fool again says CEY is a tock to buy. O_o
https://www.fool.co.uk/investing/2020/10/05/the-centamin-share-price-just-crashed-22-its-a-gold-stock-id-buy/
If we did not have incident on Friday, we probably on high rise today. I think for gold price we need it to break 1910-1915 trend line. From my observation, CEY won't jump quick, but it will jump high later if the gold price break and stay.
I think the real resistance for gold is 1910-1915 Trend line resistance. But today gold up is very positive.
I think gold price weight in a lot on the share price. I think that -5% in the morning is dued to gold price alone. I would sell if gold drops through support level but at the moment, holding is the best for me.
177 is a bit too high. I would say 160-165 the best before next RNS.
I think we should watch carefully the next gold price support level. Any idea? I guess 1863?
It would be nice to ask him.
I think one possible explanation that the stock price drops more than 10-15% to > 20% is there are many new investors to CEY as this year gold price goes up a lot and many forums promote CEY. So when this news broke out, ordinary investors are not aware (me too) of it so the stock price goes down. dramatically. So yes the evident is in the stock price as technical analysis always say.
I respect mrtibb and other expert comments. I will wait and see more to the update.
Soulsister, I agree with you completely. Two logical explanations I can think of about the persons are:
1. You want to state that you are right in what you doing , which is ok. We are reasonable people.
2. You sold most on Friday with loss and you want to enter back at the lower price.
I appreciate good post about the past experience with CEY which I completely agree as I also watch this stock goes up and down for more than 5 years. I am not an gold miner expert.
Regarding to Fool, few weeks back, they said CEY is the best and now they say it is the worst and should not and never invest in. I think it is very bias article.
In this condition, (COVID, US election coming) unless you go physical gold, gold miner is reasonable to invest. I did not see any gold miner in FTSE go ups on Friday as I think people may swap to other. My conclusion is those who sold on Friday will come back. They are just looking for further price down to come back and hold long again. By the nature of share price, when people jump back, share price overshoot.
Recent share price collapse is BOOHOO and it comes back even though it has real scandal.
Soulsister, I believe that the when the share price goes down hard, it will go up hard too. As Sotolo said, it is just unexpected event but once everybody clam down , we will come back to the right value (which i believe is higher than this). Personally I am holding tight too. I try to do something else rather than being miserable.
I am sure there people like who still hold tight and not out completely.
Hi, mrtibb
I feel the same here. I only hope that covid will not hit CEY mining activity which double down the share price.
same here.
I think the share price will rebound at some point may be today or in few days.
Thank you very much. Yes congrats to Sotolo. Life will be more interesting.
Am I wrong about this, I understand that the rules to get dividend is:
As long as you purchase a stock prior to the ex-dividend date (13AUG), which is yesterday. you can then sell the stock any time on or after the ex-dividend date and still receive the dividend. A common misconception is that investors need to hold the stock through the record date (14AUG) or pay date.
It is quite massive share slump. Are we in crisis right now or something?
I only wish what you wrote here become true. I will hang it there.
hedgehogg, by the fault lines, do you get it from this book?
https://ig.ft.com/sites/business-book-award/books/2010/winner/fault-lines-by-raghuram-rajan/