Member Info for spot64

I too was sceptical about the buy out but I'm glad to be still invested here.

I guess centamins management did me a favour by keeping the share price down, it allowed me to build on my position over time re investing the dividend, always in the belief that one day it would come good.

The return I'm getting now is truly life changing for me.

My next problem is when to get off?.

I don't know if its greed or the fact that nothing is changing in the world's economy anytime soon so im sticking around as i think there's more to come but not necessarily in a straight line.

Looking forward to some good results tomorrow.

I wonder if this takeover will produce a buying opportunity?

When Anglo took over centamin their share price took a tumble for a while before rebounding.

We're ex centamin holders, this is nothing new to us .

Isn't this just the usual summer doldrums for gold.

Even at this gold price , miners should be raking it in.

Just asked Ai and this was Ai Overview

Gold prices have recently fallen due to a combination of factors, including easing trade tensions between the US and China, a stronger US dollar, and anticipation of the Federal Reserve's interest rate decision. These factors have reduced the appeal of gold as a safe-haven asset, leading to a decrease in demand and subsequent price drop.

Don't know how accurate Ai is but it seems to make as much sense as some of the pundits

Right or wrong, it's kinda nice to have someone singing Anglo's praises.

Makes a change from Centamin being the best kept secret.

Investing.com -- JPMorgan (NYSE:JPM) has reaffirmed its bullish stance on the Europe, the Middle East and Africa (EMEA) gold mining sector, forecasting as much as 60–90% upside if gold prices reach $4,000 per ounce by mid-2026.

Despite EMEA miners already gaining 20–50% year-to-date, the bank sees further room to run, fueled by rising investor and central bank demand, inflationary pressures, and geopolitical uncertainty.

“On JPM Commodities Research 2026 gold price forecast of ~$4,100/oz, we estimate 40-60% upside to consensus 2026 EBITDA for EMEA Gold Miners, with 60-90% upside vs current share prices under this same scenario,”

The bank also reiterated Overweight ratings on Hochschild and AngloGold Ashanti, citing attractive valuations and scope for re-rating.

“We believe [Hochschild’s] management has a credible plan to rectify the issues at Mara Rosa, near term,” and highlighted long-term growth potential from other projects.

AngloGold Ashanti (NYSE:AU) is expected to benefit from its U.S. listing and lack of South Africa exposure, which should enhance its comparability to global peers.

Hope they're right

When you think back over the years that we've been invested in centamin, we've had quite a few characters on this bb board and some very knowledgeable ones also, that I've got to admit, kept my spirits up when we were getting knocked down.

I feel a little sad that a lot of the regular posters who got out have missed this bull run.

Hope they re invested in another gold mine.

Hopefully May's results will give it another boost

It's now $3124👍🏼

I believe that tomorrow is pay day ?

Gold now $3075 a new high and no signs of running out of steam from central bank buying.

Dividend payment day tomorrow I believe.

Gold now $2997.

Gold miners should soon start to attract attention from the general market with the amount of free cash they're making.

Good post goldgnome, enjoyable reading.

Apparently the American government haven't raised their statutory price for valuing gold on its books since 1972.

It still values a Troy ounce at $42 !!!

Wouldn't you think that if they had all the gold they are supposed to have they could have revalued it at the current price and that would be added to the balance sheet.

WOW !!!!!!

Thanks for that, I will give my broker a call in the morning and see if it's possible in an ISA .

It will save me quite a bit if they allow it, cheers

Thank you for that somnamna, that's very interesting.

I have a wise account for my business because of their good exchange rates but i didn't know I could deposit them into my trading account.

Can you deposit it in an ISA as well or just trading account.

One thing worth checking before choosing a new broker is their in house exchange rate for converting dollars back to pounds.

With central banks showing no signs of slowing down their buying spree of gold, they are forcing the comex to deliver on physical and they're running out very fast, having to borrow from each other to meet their obligations.

They're in danger of collapsing the comex if they run out.

The last time this happened in the 70s gold went from $38 to over $800 in a matter of months.

With the price of gold almost $3000 the miners who have been out of favour for years (apart from all us contrarian investors) should be making very decent profits now which should bring them to the attention of the general investors.

So I'm hoping for some good results next week and another boost to the share price 🤞