The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think Mr T has been here for a long time and has probably trebled his money or at least made a good profit. If that is the case and he is no longer happy with things, then he could sell up here and put his money elsewhere. We don't usually know what is going on, only what we are told, which in the past turned out to be lies. ( We know the historic promises and the high grading etc) . So it is the usual 50/50 . We could be getting told the truth or we could be getting told lies.
I think several people on here have pointed out about the open pit. I think Dasut spoke about it a couple of months back?
Several people have mentioned with the current POG that we should be making a good profit this year. Apart from a bit of a blip in November, POG has been above $2000 for the last 6 months, and $2100 or above for the last month or so.
i think that things seem to be moving the right way regarding waste clearance, solar etc and that should help reduce AISC which we are told are still going to be on target.
I cannot remember when Cowichan sold up but I've got a feeling was when the shares were around 105? (maybe higher, maybe lower) but we are up fair bit since then, so I wonder if he would have preferred to stay in a little longer?
It does feel like we are always waiting for the next Update/ next Q . I'm always scared to sell out before one (Like STEVE does) in case we get some really good news, but i cannot remember when we got a decent rise on an RNS??
Hopefully the next Q should be a good one and move upwards from there.
Pure luck. I wish I had the nuts and the money to do it with more-----That would have been a nice pick up. It made up for selling some here twice and having to buy back in 3 or 4p higher. With the amounts I've traded, I probably need a near 2p change here or (because of the tax) a near 8p change on the post office shares, to make more on the deal than Hargreaves Lansdown. I'm still down overall on the post office but managed to reduce my average a bit. It hurts when you don't get a dividend or only a low one like here. I know you can sell shares if the price goes up, but a nice (genuine and not like happened with the previous lot in charge at Centamin) dividend helps most of us along.
I really am hoping that gold stays near these levels and Centamin reach targets and then we start getting a nice dividend,
Star Trek Insurrection ------Jean Luc Picard.
"But some of the darkest chapters in the history of my world involved the forced relocation of a small group of people to satisfy the demands of a large one. I'd hoped that we had learned from our mistakes but it seems some of us haven't..."
Peace and long life.
I was hoping to get some more at 126.5 yesterday after I sold the post office ones I bought for 263 at 273, but the limit order didn't go through, so I tried again today. As It didn't look like going through I paid 127. 023. It is only a few compared to how a lot of people deal and HL probably made near as much as me :-( but i made enough yesterday to get me a few more shares here. I think I sold IDS at 278----bought here at 124 and then sold at 126 (so made nothing really) ,then bought IDS at 263 and sold at 273 ------then managed to get some more here at the 127. 023. Oh well--it's done now and at least I made a few quid for a change.
I put some onion seeds in the other day and some shallot seeds today, so fingers crossed. I've got a few different tomato seedlings going, some in the house and some under glass in a raised bed. On day I might get some luck in the garden and with Centamin
I hope everyone has a good weekend.
I sold some IDS (Royal mail) first thing and bought a few more here at 124.3 . If I had held my nerve 2 minutes longer it would have been better. I then sold most of the ones i bought at 126. 3 and bought back most of the IDS at 15p less to bring my average down a little.
The RNS today isn't a horror but the initial Spanking was. I think most of it was more or less known about regarding the "Softer" H1------------but as you know, the market likes to churn shares.
I take is as a positive that the figures for the year haven't changed------------but they still need to get the gold out and the costs down! The waste contract ending and the other solar should help a bit. The unsold gold should be getting sold at a higher price than it would have a month ago.
I suppose other that any unexpected news coming out, we will all just murmur about stuff until Q2 comes out.
I'd like to hear Dasut's views on this.
It's a good job I make my own jam because I'm still waiting for the Centamin jam
If gold holds around the price it is now and we get back up to 130 and hold there for a bit, I'd be quite happy in the short term-------until closer to the next update.
Well the Q1 results are due tomorrow. I'm hoping there are no bogies there. Even though they mentioned a "soft" first half or "slightly weighted towards H2" anything negative could give us a kicking. The way Horgan is, I cannot see anything spectacular ----------but I'd be happy with a bit of "Steady as she goes", "Waste clearance on schedule" , "AISC at lower half" . I think that sort of thing could slowly get us moving upwards along with the POG.
I think that if gold recovers or even stays at its current level, that for the next few Fridays we could have similar falls around close of play in London. I know people talk about profit taking and the like but that drop was pretty hard and fast around 4.30pm.
I see gold is at $2363 at the moment , down $13 -----and it was up earlier to $2427. Is there a reason for this (news from America?). It seemed to drop a lot just before close in London----so is it a planned attack on the price?
That's not bad then Steve if you "got it wrong" and it only cost you 1.5% .
So it only cost you a couple of pence more to get in then? I think it cost me 3 or 4 pence more when I got it wrong. Despite missing out on the jump from 111 ish to 115 ish :-( at least it has climbed a bit since then.
You sold on the data----so was the data wrong or did the market pretty much ignore it? The latter I guess?
Did you get back in Steve or are you waiting?
So are you back in Steve or waiting?
I've done the sell a few and had to buy back at a higher price a couple of times (Not today!) . 3bear------when I sell they tend to go up- and when I buy the tend to go down. I get it right sometimes :-)
It's up to $2364 now!
If gold stays anywhere near this level, bearing in mind it has been over 2100 since the start of March and 2150 since 6th March, it would be a nice gesture if the 2cent dividend was increased to 2.5, which would at least give us the same dividend as last year. It seems small potatoes if you think gold and the share price are both going up, but I think it would be a nice gesture and the market would probably like it too.
I need to have a look at the RNS, but I think Prof mentioned the amounts they could be making if AISC were at midpoint and ounces mined at the 500,000 mark.
I was in and out of IDS quickly yesterday (missing most of the rise :-( ) and back in here at 115.4 . So i am marginally worse off that if I had just held.
My timing is awful!
Hi Steve------I am just trying to trade some and hopefully make the price of the dividend and get a few more shares when I buy them back. If the price rises here, then I may buy some post office shares (IDS) as I sold some of them last year for 230 to buy in here at 92--------and that looked until recently. I wish I had the money/shares/ nerve to trade the amounts you do. I'd be fairly happy if there is a bit of a sell off this afternoon and I can get them back at just under 110.
I sold the ones I bought last week for 108 for 111.5 this morning, hoping to get them and a few other back for about 110. Usually when I sell they go up--------and when I buy they go down.
I am not a trader, but have done a few recently as the dividend is so low.
Its a bit better than a 2 cent final dividend isn't it?
I appreciate the situation that you inherited, becoming CEO of Centamin and that you have been trying to put right the things that were being done or had been done wrong. I also appreciate that you are trying to grow the company and to open up other areas to mine and are investing money to do that. However, it would be nice if the dividend that has been declared and future dividends were higher. Could you please tell us shareholders how much profit the company has to make before we get a decent dividend and if the POG remains at its current levels, whether you have any plans for a special dividend? It does not seem right that the dividend is less than the interest that could be earned in even a modest savings account.
Yours sincerely
A long term shareholder.
If any of you can work it out on the back of a ciggie packet etc? Given that the policy is still supposed to be about returning 30% of the profit to shareholders, how much profit would they need to give a decent dividend?
I understand that the more they spend, the less profit there will be, but with the current price of gold (if it holds) and if production and AISC are at the midpoints, surely there should be enough for a decent dividend?
After Thursday and yesterdays fall in the POG, I try to cheer myself up a bit by thinking that it has dropped a bit but it is still at $2165. It would be nice if it climbs, but honestly, I think most of us would be happy if it stayed at that level for the year.