Member Info for SteveJones999

Paul,

People who held at the close before the ex divi date will get the divi based on the number of shares they held at this date- selling after the date or adding makes no difference.

I’m no longer a holder but will of course get the divi and those who added after that date won’t.

Thanks Sotolo- I will continue on this board for the time being and echo your sentiments.

I bought into Hochs rather than fres, I have followed both for quite and while, traded them before and although I don’t like the stamp duty so have had to adjust my trading strategy accordingly, for a number reasons at this time I prefer it.

I’ve already posted my reasons for selling here.

Once this deal has gone through I could switch to Anglo, if I like it after doing a stack of research. To re-iterate, one of the key reasons I sold here was I don’t like the risk, however unlikely, of the deal falling through - but of course will be happy if it does as the price will drop back a lot (depending on the reason given) and I can continue to trade it again. Of course, another bid could come in but I see this as unlikely as as far as I know it- no others were there, and the effort is high- I’d rather miss out on a big gain than risk a big loss at this time, when there are other pm’s to trade to take advantage of current economic conditions (which of course need careful watching).

All the best and GLA.

Data pushing all PMs higher this afternoon.

Long may it continue

All pm’s flying :-).

Happy days :-)

That’s the danger with not being invested- surprised u didn’t go for another pm once you sold out here

If you're concerned, flip to another PM.

As Bushy posted the other day- the drop on the deal is most risk associated.

Taking over a business involved cost and certain amount focus from that business to get the deal through and then longer integration which all costs money.

All of this is factored into the cost - of course it’s a good deal for Anglo else they wouldn’t offer it and a good deal for cey people who made the decision to accept it.

These additional costs are always factored when a deal is made.

This is why an additional bidder is less likely unless there are companies who were already engaged and dropped out or were rejected - but I’m not aware of any such companies.

To put a little balance here- although of course I'd have liked a higher SP.

Divis have been quite a lot since Horgan joined (sure less so than before when CEY was a run without correct waste stripping and we all know what that led too and all can argue about where the blame here lies as this was 5months into his watch).

Divis have been high if you add up all the amounts in total since he joined in April2020, high in terms of PMs- sure it's dropped back in line with others but not lower.

Look at the approx performance of other PMs since he joined in early April2020:

CEY: plus 20%

Barrick: minus 1%

Hochs: plus 55%

Fresnillo: minus 19%

Newmont: plus 8%

Endeavour: 0% (flat since start of listing at mid 2021)

So, these are facts.... you have made money since he joined had you held from his starting...

There is every doubt as we never know what is already priced in- for example of the expectation prices in is 50points cut and it’s 25 points the reaction could well be different, and cause a reduction as rises could be deemed on expectation eg already priced in. This is one of the elements of this complex equation of data up until fed rate day.

The only certainty is that nothing is certain.

Play the odds based on your interpretation of what data is key and your prediction on what those datasets need to contain.

Anglo currently trading at USD26.94

As I said earlier- to understand the deal, it's real simple.

See my earlier post.

SP not CP lol

Lovelosses,

You wont get the 13-14p approx per share unless the deal goes through and the dollar stays at the same rate and the CP of Anglo is the same SP at the time of of agreed deal eg 28.8USD

As cut from announcement:

"The terms of the Transaction value each Centamin Share at 163 pence based on the Closing Price of US$28.80 per AngloGold Ashanti Share and a £:US$ exchange rate of £1:US$1.3080 on 9 September 2024 (being the last Business Day before the date of this Announcement) (the "Offer Value")"

And anyone holding cey should all over Anglo in terms of the company fundamentals , dates of results releases and so on as you are now owners of those stocks (for the performance of this one) until otherwise status changes

It’s already pretty much there as I said yesterday - the so will rise if Anglo rises .

The Sp will rise beyond the threshold of another bidder comes in.

The sp will fall if the deal falls through and no new bidder appears.

Anglo will rise and fall dependant on all the normal drivers for a PM

It’s really that simple

The volumes, as expected, are bonkers lol

Yep Bushy- tomorrows usa data is the first possible start - highly unlikely now to be in overnight again for the same reasons I just backed out- now that takeover has been announced

GL to all holding shareholders- this type of jump rarely happens and it’s so nice to see such a happy board!

Ok- I’m out- will look to trade on tomorrow’s data.

Could be a poor decision and miss a big rise overnight, but more than chuffed to bits and not used to such a huge gain overnight!

GLA.

That’s an amazing profit from yesterdays close sp Bushy, well done.

So will track Anglo now, so usual drivers eg gold and markets- the 50v25 cut at next meeting will be as will the data that supports either likelihood.

I just sold half- May dump the lot later and play the data game on tomorrow’s key data.

Anglo was down a lot more when this was news on the futures market and has recovered a few % lower at the start

Correct - we’re all hoping for a recovery on the sp at open and during the day- gold is up at 2510 and it’s down 6.35% as I type - gla