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Tony, Gold is driven by sentiment, often what is cited as the cause of a rise is just the excuse. Gold seems to want to go higher, the more it rises the more it creates bandwagon …. Till sentiment changes, hence the trend is your friend

As equanimity the higher the costs the more geared to a gold rise….unles market thinks costs will continue to rise very fast

Yup

Well maybe yes but sadly the history of Omi and under its previous moniker UGY, when called Uruguay Minerals, where I have been invested for 20 years has been one of disappointment punctured by a few sharp rallies that have usually ended lower than when they started. I used to sometimes go to board meetings under Salazar and they were full of wonderful promise that never delivered…..maybe this time it is different….

Same Simply Wall St dated last Thursday:

The projected fair value for Centamin is UK£2.27 based on 2 Stage Free Cash Flow to Equity

Centamin is estimated to be 45% undervalued based on current share price of UK£1.26

Strength

Earnings growth over the past year exceeded the industry.

Currently debt free.

Dividends are covered by earnings and cash flows.

Weakness

Dividend is low compared to the top 25% of dividend payers in the Metals and Mining market.

Opportunity

Annual earnings are forecast to grow faster than the British market.

Trading below our estimate of fair value by more than 20%.

Threat

Revenue is forecast to grow slower than 20% per year.

And of course Centamin share price is no longer below a year ago. As others below have said better to listen to the knowledgable here than the pundits, especialy the generalists, who often know far less about Cey ; a bit like Superforecasting that showed a group of intelligent amateurs, ie us, is almost always better than pundits who move in a herd. The pundits certainly don't know which way gold is going, when it rises they almost all say up and vice versa, we shall only see if this is a top, or it carries on further, retrospectively

You buying must be the reason, pretty impressive how you move markets, now will you sell some so the price rises, all the very best

Mr T, Sukari is churning out getting on for a million dollars a day half to us with no further tax to pay, and costs set to fall and ounces rise as we become a tier one gold miner. Horgan took on a difficult situation, steadied it and the share price is on the up helped by gold. Personally I think this is a great investment with a good (if not great) management which is why I am invested here, I wouldn’t be otherwise. I don’t think they chose well on W Africa diversification and quite a bit of money has gone down holes but that was started a while ago. I do believe in Egyptian expansion. Whatever, I am leaving my money here and added more when prices were lower and even bought a few more in the last month as I believe in Centamin. Next quarter should look rather good. However I do much appreciate your alternative views, and of course those of a trader like Steve who has different perspectives to my long view but is often interesting if not always agreeable..

Results as expected. Steady as she goes

Yes thank you for the link, very interesting and optimistic, of course they are gold salesman and bulls, what we need to see is non goldies converted. And Tibbs timing is all as we can all be right years wrong, the question is whether they were just 4 years early in 2020 or more. Is this the real bull market or will that be later.

I have been here considerably longer, I bought at over £2 in 2005, sadly kept averaging down over the years and sadly the mine in Uruguay costs kept rising faster than gold price and in end failed leaving it with some Colombian exploration that v experienced Newmont Agnico gave up on. Salazar and then Brad have destroyed value while Brad has amazingly succeeded in getting more money in to keep running the company, he is quite good as a salesman but ultimately would need to raise a lot to get this in a position to sell Anza etc to miners again. In my view the share does have one point, it has given me an available capital loss in six figures, so I keep the shares for when I need that.

China is very big

Autonomy. Not great but entirely as expected and year is still spot on guidance. Expect a drop as Hoc etc on this albeit expected news and then a v quick recovery so great buying opportunity unless market has this news baked in as they should have. However like Tibbs don’t see the share price falling as suggested here yesterday back to £1 on the news though I think $2000 gold this year is just as likely as $3000 though I hope for the latter so Cey could be £1 later in the year though it could be £2 albeit less panglossian than Tibbs I think the former perhaps likelier but ever hopeful too

Noel very hard to time right, yes this is overbought but it has had a bit of a correction and has been having another stab at 150. I will hold, not mining if it falls 20 or 30 p as long as it then resumes its ascent and goes way above 150. Hindsight is easy, but if you don’t have a crystal ball with this market as fickle as it is I would say just hang on for the emotional roller coaster ride

Dear Tibbs don’t shoot the messenger, I appreciate newspapers that still report both sides of a story, bulletin boards with different views and that Kitco still does this. I have been reading reports from a number of banks and commentators that have suggested gold is heady and will fall back much as she describes. It is healthy that they do as it means there could be further to go. The market is made up of buyers and sellers, some follow and believe in Maguire, and conspiracy theories others, also here, don’t instead believing in supply and demand, for instance citing increased Chinese buying for the rise. Some think there is insufficient gold and a manipulated price, others look for who is buying and selling and why. I certainly don’t know which way gold will go, nor do pundits. My economic knowledge along with the likes of Gnome etc here believes the financial situation will ultimately push gold higher. So anyway thanks to Kitco for reporting ABN Amro’s report, and maybe write to its authors at the bank not Kitco whose broad reporting is much appreciated by some

3bear we all hope so but when markets collapse, as we have experienced before, holders can also sell gold to raise liquidity, or buy it as a hedge; gold is marvellously fickle a bit like the spouse, always keeping one on one's toes as for any action the reaction may be unpredictably one way or the other. Above all we have learnt not to count our golden flip flops before we have worn them so to speak.

There was a good FT piece yesterday by Rana Foruhar headed'Gold is back and it has a message for us' , which inspired me to buy a book it mentioned 'The New World Economy in 5 Trends' by BNP Paribas chief strategist Fortis Philippe Gijsels, and the chief economist Koen De Leus which predicts gold running to $4000 in the not too distant future but who really knows. Anyway I will read it.

Grabbed some more at 1.264 in the isa at 8am. Will then sell the same from trading account hopefully higher. Prefer that to Isa bed and breakfast

I bought more Fres this morning as they have a greater proportion of silver than Hoc that is now mainly a gold miner and becoming increasingly so with the opening of Mara Rosa and the loss of Pallancata. However I still have 70 times more Hoc. Hopefully silver will have another go at $30 after a healthy retreat, taking Hoc through the psychological 150 barrier.

You are broadly right. Aisc constant $1400, 1800 gold profit 400, 2400 gold profit 1000, but of. course aisc moves too (usually up but perhaps in our case down). So if this gold price sticks our share pricee should rise…..if

As posted there would be a a pullback from 150, as a bit of a challenge. That has now happened and we should have a not her go. The market is so buoyant even though the price is a challenge we might break through it now or shortly and carry on up. I think the market thinks Hoc is still an unhedged silver miner (happily for the share price)

I for one am very happy with the buyback, Tharisa is a thinly traded share with low volume so 5million buyback is a plenty, particularly given the investment need in Karo. I bought more posted here at 48 and 52 after a number of people on these boards worried about Karo and the price took a further tumble; a combination of a bit of PGM recovery and buyback has increased those by new shares by 40% and a third so can’t complain. The daily buyback amounts can’t be huge given volume.