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Given the expected cey 2019 profit and forward pe wit the current gold price, it seems fairly priced to me around 90 and lower if, as expected. gold falls further, unless gold does a double bottom at 1180 and turns up which I think relatively unlikely. Every Monday morning is miserable as gold sets for a further fall, wish I could bring myself to grab 94p and sell some more, but I will stick with it now although I can see potential a lot lower if profits disappear.

Yes to all except the most important, gold may be consolidating to test lower

The company may produce gold at.a roughly steady rate, but at anything but a steady profit on Barclay figures, £183m 2013, fell over 3 fold to £51m 2015, more than quadrupled to £215m 2016, I expect far less 2018 as gold tumbles.

Yes gold just can’t get it up, each time it tries it fails so fast, I thought this time it might try a bit harder. But as long as so many investors like me are looking to get out, the economy and charts look so bad for gold, oil costs are soaring and so profits tumbling, there is not much to propel it up, today has been as said another good out point, but I am keeping my third that remains
Blackrock, and Siko news are good and as said be4 I think this is a great company and management, or obviously I wouldn’t hold shares, and that when the gold price eventually turns will come good. Till then it is a pure punt on that falling gold price finding a reason to turn.....

nottosmart you are totally right I think, all the evidence says going in and out loses most people money, though the research always assumes higher cost brokers, because the turn and costs is overall much of the money you lose. Anyway like you I am with difficulty resisting the temptation to trade.
heetheball I see the fall over a year exactly mimic Randgold Hochschild (now a lot of gold) etc, I think what happens is the miners move down in lurches then catch up with each other, the fall in the gold price and rise in costs should halve profits so that takes account of most of the fall I should say, reduced production was I think a one off thing and production should be back up a bit now and recover next year, so with shares looking forward is not much drag, though the surprise of it remains a bit of a shock. I agree Cey's recent tumble is greater but then it stuck a bit above 100 as others fell, and the break through 100 is very psychological like birthdays with 0's.

Question of me is should one take advantage of this bounce in the tumble to sell, and buy back lower?

After so many days falling as said yesterday it had to rise. I am worried we are seeing a dead cat bounce, but maybe not enough of a bounce yet to sell into yet though personally don’t think it will bounce up much more.

The silver price is getting towards Hoc break even price, I think Arcata and San Jose mines already into loss at these silver prices, Fres has a bit further to go so more of a cushion imho. There are miners with lower costs. Also hedges only work short time and most miners sell mostly spot. all imho

Snap Uncertain, exactly my thinking, and that is assuming dollar gold doesn’t fall further. We still have the question we have occasionally discussed for 2 years, which way gold is going and if it 7 years into a long bear. Why do I ignore myself and continue to hold half my shares? Too pig headed and close to a loss...if cey was to bounce back above a pound I would probably be out. Lucky half went in the 120’s

I thought the price would come back to the 90’s before the latest gold tumble. It all depends what you think profits will be next year with the current gold price and what they will be if it tumbles. I keep saying only a very brave person would buy now. And to me the current price is more than fair.
The big question I have been asking here since early 2016, often with Uncertain, but not many reply, is the big one for us! Are we in a bear market that started late 2011, with a retracement from early 2016 up a third of the fall from 1050 to 1360? In which case now gold is going back down will it challenge 1050? Or did gold turn to a bull at the start of 2016 at 1050, and are we have been seeing a retracement in the rise the last few months. The more gold falls the more the former is looking likely.
In which case cey proce isn’t cheap at all as profits will collapse.

I love your optimism and wish it was founded. However Hoc true aisc is 13.7 according to seeking alpha, silver price has fallen from 20 a couple of years ago to 14.17. Thus profits per ounce down over 10 fold. Shares should very sadly do similar, as going into loss is near. I still own plenty of hoc, wish I had sold more, each time it falls it is hard to and one is tempted to buy more to average down, but momentum in falling might nerd is strong. Only my sad and humble opinion.

entiment, the longer gold doesn’t turn back up the more investors see it going lower.
With emerging market currencies under pressure, central banks need cash so sell gold, and this is getting worse.
Miners are very geared. I would expect cey earning to halve with lower gold prices next year, Or worse if the falls accelerate. What if gold teste the 2015/16 low and falls below 1000
The share price looks forward so who would buy?
Well the answer is long term holders, as cey is one of the likelier miners to survive, especially if they cut very speculative money down a hole exploration, but that may not be saying a lot.
So Tiger I would resist the urge, as all the way down, and wait for gold to convincingly turn. Just imho and so wish I’d followed my advice and like Uncertain sold the lot. Sadly it can keep falling in anticipation of those anticipated falls in earnings. Incidentally Hoc that is now gold as well as silver down another 7% today, Omi down 90% in a year....

Sentiment, the longer gold doesn’t turn back up the more investors see it going lower.
With emerging market currencies under pressure, central banks need cash so sell gold, and this is getting worse.
Miners are very geared. I would expect cey earning to halve with lower gold prices next year, Or worse if the falls accelerate. What if gold teste the 2015/16 low and falls below 1000
The share price looks forward so who would buy?
Well the answer is long term holders, as cey is one of the likelier miners to survive, especially if they cut very speculative money down a hole exploration, but that may not be saying a lot.
So Tiger I would resist the urge, as all the way down, and wait for gold to convincingly turn. Just imho and so wish I’d followed my advice and like Uncertain sold the lot. Sadly it can keep falling in anticipation of thos di appear in earnings. Incidentally Hoc that is now gold as well as silver down another 7% today, Omi down 90% in a year....

This is a very small (15 people) study of probiotic common supermarket strains like lactobacillus and bifidobacterium, how much does this matter to opri’s microbiome work?

Agreed, I am finally feeling a little more positive with so many now seeing Cey carrying on down.
Cey is tumbling because it broke 100 as was inevitable, the different miners play catch up.
Sadly, on the way down, miners are v geared to gold price which has fallen $160 in a year, and costs are up,so profits will halve or more, so share price seems about right. Dividend will be way down! Shares look forward and this currently looks miserable. So like Uncertain I would wait to buy. Gold could test its 2015/16 low around 1040 in which case share price should halve again and further if gold goes lower.

It is you, I don’t think there will be much net profit in the immediate future at the current price, the best one can say is that cey is better placed than many miners to survive.

You are of course completely right, I meant 1160 in a month, grim isn’t it

I was thinking, when I bought my cey for 56p gold was around 1060, but costs have risen and there is the profit share now, so sadly further down to go especially, as you say, now it has sadly broken 100. Can’t think why I haven’t sold the half I have left

I don't think there'll be a cey bottom till gold turns and the charts and economics are very much against that now - despite our managements best efforts they can do nothing against this hurricane headwind. I am hanging on with my remainder but now is not the time to catch the falling knife imho I posted on 25th May that this would fall to 90, well that is close but sadly I think probably further to go.
Incidentally Tibbs has thought gold about to soar based on Andrew Maguire, but another month has gone by when the lower gold price figures I expected have sadly come to pass. Now Ill put my neck out and say I expect gold 1260 in a month, and you Tibbs?
Hope you are right and I am wrong as this has been another month with a big loss for me

I will very happily buy back the half I sold when I think the gold price has turned (not yet); the fall from 1360 along with higher costs halves profits, and hence halves the share price if expected to continue. I think the blip of the failed machine is past and as another poster with mining knowledge said machines fail but the extra cost of having back up machines isn’t worth it, like expensive insurance. Production next year should be as good as last, but profits slashed by the gold price if it does not recover, and worse if it continues to fall. So it is all about gold, and to a lesser extent containing mining inflation now and not wasting too much on further exploration imho. And sadly gold still looking miserable. I was insulted off this board for suggesting cey would fall to then 90’s, let’s hope that prediction was not an underestimate.

I am afraid the Hoc 50% drop is more than justified. Silver is plumbing 9 year lows, costs rising, profit per ounce far more than halved since silver was $20 last year, and silver is in a strong downward trend. The share proce should be down further other than it is a great company that will hopefully weather this silver crash, which is of course not their fault but the world economy, and come back,