Member Info for Sotolo

I find the chat on advfn includes lots of schoolboy bickering like so many chat sites, rather than the really informative and helpful posts here. On advfn I just screen shot the pages before they refresh. I too loved the old iii, but since that went and I moved to LSE I have found this even better with so many interesting people whose varying opinions I have enjoyed getting to know. Let’s hope Centamin doesn’t disappear..

Interesting that in sterling gold fell from £1250 to near £1110 around a 12%drop. Centamin profits are geared 3 fold to gold so one would have expected the share price to fall around 36% which is just about what it did, hit by double whammy of falling gold in dollars, and rising pound to dollar. Now sterling gold has risen around 5% to £1160 so, excluding the possible Endeavour bid, our price should have risen around 15% and should be in the mid 120’s which it very soon should be. If gold rises back further so should we. As said before, a marginally reduced output of ounces mined, although I t bothers the market, makes far less difference than the sterling POG, with its 3 times geared influence. It is always worth remembering the share price is in sterling so it is sterling costs and income that make sterling profits and the sterling share price. No wonder Endeavour is trying to buy us now, we should be offered 60% of the combine.

Different endeavour. Laundromat is also now a film which I’m about to view for BAFTA’s. Far more concerning is if this had been done inthe summer (or in a few months time I expect) we would have got 60% of the combined co. They, and their major shareholders, are just taking advantage of our far too big fall on slightly lower ounces mined, which without interference should recover soon. Biggest proble is their large shareholders are now also ours so, very unhappily for us, in their interest. I wouldn’t mind combining if we got a fair 2/3rds but we won’t. Happy Xmas

Sadly supercharger although it has risen back a bit the offer is now only worth about £1.20 so about 5% lower than when made, derisory when u think we were above 150 a few months ago, and gold should be back at that level soon

Sadly supercharger although it has risen back a bit the offer is now only worth about £1.20 so about 5% lower than when made, derisory when u think we were above 150 a few months ago, and gold should be back at that level soon

If Endeavour win a lot of us will be forced sellers, as most platforms won’t allow holdings on Toronto and I don’t think they have adr’s, if Endeavour does win I want to stay in it as would be horrid to miss this year having held on so long, and half will still be Cey so
A. Does anyone know any low cost stockbroker that will allow endeavour to be held ( edv.to )
B. Does anyone know who in Endeavour to ask/push if they will seek a London listing.

Offer price now back up a bit with falling pound, and rising Endeavour, to 115p. So we now have biggest gap slow offer so far, of 3p, looks first like the market thinks it won’t happen and second it is worried about this final quarter’s mining results which need to do so much. It is a huge stretch for them to hit their prediction of bottom of range for ounces mined. Also strange that Pardy went of a sudden and new management like loading bad news at the front so they improve things.
I hope. all have fabulous break, it is almost worth owning Cey and losing money just for the pleasure of this board. Let’s hope 2020 is the year gold finally breaks our, production recovers, the new management perform and Endeavour go away, and more important that we are all healthy and happy, good cheer to all and thank you.

We are tracking endeavour down, as their share price falls their offer is now only worth £1.116 per Centamin share, almost spot on our share price

Endeavour bid now down to 116p or nearly 10% less than when they made it! No longer any real premium at all

Tibbs, as asked before where did Kees say this, it is the very best news if Keys who has always said Cey is overvalued now says undervalued. Thanks

Yes Cey back below even the very basic offer price which is now £1.185. I just hope endeavour don’t manage to buy it (sorry merge) at this derisory price as the Cey holding institutions are happy to have Centamin subsumed in Endeavour which they also hold, along with its cash and cash generation, on the cheap. Also stockbrokers have confirmed I can’t own Endeavour shares so unless they get another listing means lots of us will be forced sellers pushing down the price just when we are forced to sell. And it takes so long to transfer shares.

Dansul your optimism is appreciated. I am a worrier and my two just now are
A. Our board represents shareholders; most are institutions which own 2/3rds of Cey, Blackrock and Van Eck alone around 30% I think, the same institutions are also heavily invested in Endeavour so have an interest in getting Cey cheaply. Private investors who would want a more reasonable price only own a third of Cey.
B. If Endeavour succeeds and pays in shares where will they be quoted? My Cey holdings are with Smartinvestor which does not allow foreign shares, will there be time to switch my holdings including isa to another broker or is Endeavour likely to go for a London listing? Any thoughts

Well Cey is now finally above the offer price but only a little, I just hope this doesn’t suggest the offer is likelier to happen. With the fall in endeavour of nearly 4% today, and rise in sterling the endeavour offer is now down nearly 10p to £1.18 per Centamin share. It is a very bad deal for us, but I presume the large institutions who hold both want it. We should all be writing to the board as the offer is derisory, also are there any takeover rules protecting minority shareholders from being screwed? I fear this will happen to suit large shareholders who have built positions in both but certainly not good for us.

Well it seems to me that the major institutional shareholders like Blackrock and Van Eck also appear to have large holdings in Endeavour, for them combining makes good sense and the price is not so important in fact cheaper may be better?

Quite so Rees’s. Then the question is how much more would Endeavour offer, the market is saying no more. I think other bidders may be unlikely as don’t have the Egyptian connection endeavour does, so just hope Endeavour sweeten their offer a bit. Will still be disappointing for us as 2020 could be a good year
Also just wondering does anyone her hold Endeavour, amazing how many of the bigger holders who issue the RNS’s do.

It is certainly strange that after the latest warnings it was announced that Pardy would leave but stay on till a successor is found, and now with supposedly better figures coming up he is leaving straight away. So either figures have failed again or do with endeavour.
Also not that encouraging that Cey share price is below the initial merger price??

Because of the rising pound the Endeavour offer has actually fallen and currently £1.22

Rebess it brought a tear to my eye too. I often post pessimistic thoughts (hostage to fortune) in the hope I’ll be wrong I’m not sure if this will materialise as a bid from endeavour or another. However what encourages this usual pessimist is Siko’s post on production and Tibbs on Kees Decker, now saying Cey is worth more!!! We could even be better off without a bid...

Mr Tibbles your post brought a smile to my face, and I needed it today, well said too. This board feels like my family with whom I may bicker plenty but when push comes to shove we totally stick up for each other. As said before I am far too much into Centamin also having too many Hochschild for family sentimental reasons. The latter have been diabolical with a production warning just like Cey last year, so have made me feel rather miserable and useless, but lovely Cey is making some of it back. I nearly asked you all if I should switch some Hoc to Cey on Fri, wish I had but I promised myself I would stick at 500k cey... I just need a huge bid for Cey

Hierarch I think very few of us on this board are traders, we are mostly long term owners who occasional add or subtract, and we certainly don't post top affect the share price but to say what we think. This is an exceedingly civilised board where most of us know each other well as the lovely Phil and Lynne and Cowichan point out, so pleas don't insult others in is unkind, unfair moreover pointless. thank you and have a lovely ride