Member Info for Supercharger

Lots of water still to pass under the bridge, World events can still take a turn to make Gold move up fast which our share price tracks, even for today.
I am sure the BOD are working behind the scenes and they will come out with a defensive statement it will be their duty to protect shareholder interests. They also will not want to work for Endeavour either. I would also not be surprised if someone else comes in with a counter offer either and once they do the share price will move up quite fast. If I did not think so I would have been out by now but I will be hanging on in here and if the price falls significantly (which it hasn't) then I will be buying some more.
I still hold my Barrick shares and they do pay a good dividend which is incidentally paid in USD, even though my shares are held in CAD and even though HSBC cannot themselves trade in Canada they can move them into the NYSE to do so, or I can simply get Hargreaves Lansdown take them over. So having a Canadian Gold miner on ones books is not the end of the World. In time it may even be worth the effort if sterling comes under pressure later.

Phil and Lynne I have always thought the same - do they actually always go through. i.e. When Acacia got sold off to Barrick -Blackrock moved their holdings around and used some of their shareholdings for financial instruments and loans the percentages of their shareholdings with voting right reduced as they moved a small percentage over to financial instruments which happened to be exactly the same percentage (surely by pure chance???) as Marshall Wace increased their shorts, and then when MW reduced a reversal took place. Someone explained that B/Rock could get paid a commission for the sale and charge on the loan, MW get paid for the difference if any that they make when the shares are passed back to voting rights? It could be therefore that the price is affected on voting rights, but no actual sale goes through? Allegedly?

Ultra - and Mr T thanks for your comments - I am pleased to see that you agree it would appear we are being shorted by foreign clients which is holding our price down. Keeping looking at the RNS releases to make up your own opinion on this. I found the unowned Acacia shares were being purchased by Barrick (also based in Canada) we even found a London market capital investment co. being used for their consulting by Acacia had a South African office shorting for a Canadian client which was not recorded on short tracker being only for Uk based Comps? A very close market we work in however and I stand by the fact our share price should be 10 to 20p a share higher at this stage. This share is a gamble like any other share. I keep watching the Gold price and feel this could go higher too. I also await the 4th qtr production figs, wait for defensive comments from the BOD and keep my fingers crossed which is all one can do. If volumes are low the shorters actually have more of an impact not less which is another mistake some on here may need to consider IMHO.

In my opinion before you all come flooding back and slaughter me even the shorting of Endeavour has an effect on any merger if an exchange of shares is being considered, as at the time of the transfer no doubt the share price for the exchange is taken into account to give the books a value for exchange and tax/accounting purposes.
All I am asking is some of you are aware of what is going on with the releases which I am sure most just bin. Perhaps those that know best can come on here to help us less experienced.

I feel one or two here need to reconsider what they say. I would not want to scare monger when I myself own a large number of my own however please let me explain my opinion regarding the shorts and whilst I appreciate your concern the shorts have sold their shares in advance and therefore the current price is false as they are weighing on the price which is lower than it should be in my opinion had they not done so. Your statements are in fact therefore false in my opinion NOT mine. If / once the shorters buy back and I am hoping they will have to depending on a number of circumstances the CEY price will rise and return to its natural and correct rate in my opinion which is between 10 and 20p higher. I have been looking at the RNS day releases in favour of Endeavour and read down on this one where there is a notification showing almost 640,000 shorts :-
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/14350736.html
Or this one reducing for clients a long position just as an example.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/14350739.html

Art - you are NOT wrong and Silver is now back up and over USD17 an oz. and I saw on Bloomberg a statement of concern that the US & China trade deal is not yet signed and until it is we still have no deal, but we also have been seen to rise on sentiment and hopes if a deal brings extra demand for commodities increasing demand. We are seemingly benefitting either way at the moment which is strangely interesting and to our benefit. Many suspect a wall street crash soon as fresh highs are found on the index monitors.

I feel the Endeavour business here with their aggressive statement early his morning is now holding us back. If they were not employing the Canadian shorters to pull the price down I am sure we would be 10 to 20p higher. I regret when Barrick bought our Acacia the same happened and we were taken off the footse. You are quite right Sotolo as I found HSBC could not trade in CAD my shares and the only way out is to have them taken cross border into the NYSE and have them sell them there. Alternatively have them transferred over to Hargreaves Lansdown or another broker who can trade on the Canadian market. You will need certain forms of authority to also claim back tax benefits for being a Uk tax payer. I hope the BOD issue a defensive statement soon, or an uplifting year end statement. Endeavour are down 5.50% at the moment on the Canadian exchange which makes their offer worth a whole lot less to us now than they were last Friday too. As a comparison with an unchanged CEY price today my HOC "Hochschild Mining" are up 4.54% on rising trade hopes.

Das-yes agree I must admit I was well impressed with the appointments -I feel the main reason why our share price being held back to the amount being shorted from Canada - did someone mention we are on their exchange? However I am sure the board will think of ways to deal with them? i.e. Buy backs or options for existing shareholders. Or a very good year-end report. As you say once we get (if we can get to USD1500oz) we will become more difficult to be held back too.

Thanks Das - yes you could be right as the Gold price is now moving up and I now see Barrick following suit -so it looks like we may have closed too early. Interesting appointments from CEY announced today some with "Capital markets experience" will know how to protect our position and deal with those Canadian shorters who are holding us back!!! Next week could get more interesting for us -well hope so anyway.

Something is a happening I am sure.

Wonder whats going on? Has someone got wind of something this makes any ************** worth a lot more to us?
Could be interesting news coming?

Well unless we have a bottomless pit of funds to shoot the price out of reach. It seems to me from the releases those in support of Centamin are increasing their shares to support the price, and those supporting Endeavour are shorting to hold down the price. Pretty simple. I presume the shorters will turn long if a deal gets discussed and is acceptable, they will most likely know when that is before us. So they will then make on the rise as well as they have with a small fall? Unless someone else comes in, or there is another turn of events, share buy backs, etc. We have Endeavour rising tonight to CAD24.86 and also the Gold price rising tonight? So I hope the rise starts tomorrow -which it could do? I am not sure we would want endeavour would we with a reverse takeover? perhaps that is another defence stranger things have happened?

Gold uo to Usd1470 plus now and still accelerating and Silver good for Hochschild now at Usd16.83, which if it continues will put is back over Usd1500 gold and Usd17oz Silver. -Great news.

Up and down does the price go, but underlying this all the Gold and Silver price today are moving in our favour. I hope sooner or later the traders will realise this too. Once the shorts turn long this thing will fly. I am just not sure when they will. I presume just before the election results are known so possibly from tomorrow when the results start coming in? otherwise we still await an update from the Centamin board. Interestingly Blackrock are buying more for clients than shorting which is in our favour as they have fingers in almost every pie!

From the falls this morning Standard life have now increased their share holding in Centamin to over 5% !!!! and Vanghard also in support of Centamin have over 3,84% - making the most of the Canadian Endeavour shorters lowered "false price" -they have benefitted from the Canadian hedge foreign actions, and what with sterling likely to rally as I have said below Centamin is going to cost our Canadian friends a whole lot more. This resistance to fall will help us in a bidding war most expect soon. Luckily I have topped up.

Plus -If the Tories get in with a majority govt. after the election it is felt by most that Sterling will rally and this share gets a whole lot more expensive for the foreign buyers??? Also the foreign shorters will have to buy back at a higher convertible price. so be prepared they start steaming back in very soon!!

Yes looks like the shorters will have to come back in to re-purchase later so the price is false in real terms. Good time to top up!!

What with Political uncertainty, Closer polls and sterling falling, Trump impeachment hearings, Gold rising one would expect Centamin to rise. What we now need is a positive trade statement from the Centamin B.O.D. and another rival bidder!!

Yes foreign supporters of Endeavour are trying to kee; the price down for their client. However if they are foreign shorters they know they will have to buy back their position and so the share price here will rise quite significantly later. The pound is down today and Endeavour yesterday was also up which makes their offer price worth more to Uk Centamin share holders on an exchange share offer. Also a lower price will encourage someone else "Barrick?" -no shorts registered on the Uk short tracker index by the way so we have none in the Uk over 5%.

Looks like our Canadians are closing in on the take over -and there is not much we can do -I am surprised we our price is not flying up again today.