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Hi ElProf,Looks like it may be heading back into that channel. I guess that something will be reported about it soon. These big attacks used to send gold spiraling, but they do not seem as effective these days.
I believe that $1275.30 is a big resistance point. It seems to just be holding after dipping below.
Gold just dropped over 1% in less than 10mins. This after COMEX close. Intriguing!!
This share still behaving strangely. 1.3m buys today compared to 300k sells. Price drops from 90.59 to 89.14. I guess its the same old story with the MM's.
All these figures ref aisc and pog don't always add up. I mean if pog drops back to 1100 or another 15 percent then apparently that's 60 percent more off the share price. Really! We are sitting with a market cap of 900million with hard assets of 1.3billion, that's without the gold in the ground. Sentiment seems to be the problem for centamin! Let's hope for a nice positive report to turn the tide.
Share trades today.
Sold - 1,636,929
Bought - 4,773,886.
Down nearly 2%.
Don't you love it how the MM's do what they want, when they want.
http://www.usagold.com/cpmforum/2019/04/16/gold-drops-on-2-billion-paper-gold-dump-at-the-comex-open/
Overnight weakness in the gold market spilled over to the COMEX open this morning. In what looks like an algo-based trade that dumped $2 billion worth of paper gold onto the market (see chart below), gold dropped to $1279.50 and is now down $9 on the day. Silver is down 9¢ at $14,93. Theories abound as to gold’s mysterious weakness in the face of a falling dollar and generally favorable economic incentives, i.e., technical selling, a retreat from safe havens, etc. Until a more convincing explanation surfaces, we will blame it on institutional short sellers attempting to take advantage of a quiet, thinly-traded market.
Really odd thing is that the Gold charts seems to show constantly oversold over last few days,yet this still happens.
Hi Rebess,
I took the average of supplied figures for production. Based on the info given in the year end report with a 2019 production of 505,000oz and a 45%-55% split over H1-H2 and an estimate of 110,000oz for Q1, we should be looking at 117,250oz for Q2 and 138,875oz for both Q3 and Q4. This would satisfy that ratio.
No More
BY VANESSA PLACE
No more lines on the luminescence of ??light, of?? whatever variation.
No more elegies of youth or age, no polyglottal ventriloquism.
No more songs of raw emotion, forever overcooked.
No more the wisdom of ??banality, which should stay overlooked.
No more verbs of embroidery.
No more unintentional phallacy.
No more metaphor, no more simile. Let the thing be, concretely.
No more politics put politically: let the thing be concretely.
No more conditional set conditionally?—?let the thing be already.
No more children pimped out to prove some pouting mortality.
No more death without dying?—?immediately.
No more poet-subject speaking into the poem-mirror, watching the mouth move, fixing the thinning hair.
No more superiority of the interiority of that unnatural trinity?—??you, me, we?—?our teeth touch only our tongues.
No more Gobstoppers: an epic isn’t an epic for its fingerprints.
No more reversals of grammar if as emphasis.
No more nature less natural; no more impiety on bended knee.
No more jeu de mot, no more mot juste.
No more retinal poetry.
Sorry everyone but it has to be said. Maybe the Hapi Zone will turn out to really be the Happy Zone!!!
Repeated from below.
Q2 2019 is forecast to be stronger than Q1 2019. The main driver for this is increased contribution from the open pit, as we increasingly access the higher grade sulphide material in the Hapi Zone!!
I have actually had a reply from Centamin. I asked about the Q1 results and forecast for Q2. The reply was -----
As per our guidance, the production profile for Sukari is for quarter on quarter improvements. As such, Q2 2019 is forecast to be stronger than Q1 2019. The main driver for this is increased contribution from the open pit, as we increasingly access the higher grade sulphide material in the Hapi Zone. We will provide further detail as part of our Quarterly Report, scheduled for Wednesday 24th April.-------
Sounds promising!!!!
Last few years Q1 prelims
Wed 09/04/2014
Wed 08/04/2015
Th 07/04/2016
Mon 10/04/2017
Mon 09/04/2018
Looks good for Monday 08/04/2019!!!
Hi TBTT, I really hope so. I have tried asking customer relations for some info, but I won't hold my breath.
Based on the info given in the year end report with a 2019 production of 505,000 and a 45%-55% split over H1-H2 and an estimate of 110,000 for Q1, we should be looking at 117,250 for Q2 and 138,875 for both Q3 and Q4. Could do with some shipping info from Sukari like we had before.
According to MarketScreener ----
04/08/19 | 05:00am Annual General Meeting
04/18/19 Ex-dividend day for final dividend
04/18/19 Q1 2019 Sales and Revenue Release
Seems very late for Q1 release. Talk about keeping us in the dark.
I believe that Centamin have a 90% ownership of Konkera SA.
See that pog has been battered down again. It looked oversold yesterday but there we go. It is only down 0.25% in gbp so quite why cey down nearly 2% is anyones guess. It seems that there is a plan to nick all the shares from the private investors at very low prices. They ain't getting mine!!!
Still find the current situation quite confusing. OK, output last year 480k oz instead of 560k, but still this years is above that with a higher pog. I often dabbled in HGM. I do realise that they have a much smaller output, mcap and quantity of shares and have some debt, but they always used to share a very similar share price with CEY. Check the charts over past 5 years, almost stuck together. Until recently!!! They are now double CEY. I wonder what the real story is???
Indiana Jones springs to mind!!!
I am sure that the management are keeping an eye on the chat. Do the right thing now. Make up for your so so poor treatment of shareholders. Share buy back!!!!!.