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Hi Chaps I am not privy to how it all works but lets just say seen a very similar thing on Acacia mining. i.e. A large holder B/Rock discloses a financial instrument trade and their voting right share reduces for a short term, whilst a hedge fund discloses an increased short, in effect the value is still held but B'rock earn off the loan! So I would not worry too much about the ownership reducing in effect is is just reallocated. However B/rock held Barrick as well as Acacia and did very well thank you from the eventual take over. I wonder if something could be happening behind the curtain. It always makes me laugh they complain when the Reddit holders fleece them but the large fund managers do not mind having control themselves do they. One or two on here are right however this share is so financially stable with rising gold prices one would expect this share to rise, and all it needs is an increased production report from the CEY board or details of any new contract win and we will be off. I am willing to be patient but have a feeling we will not have to wait too long if the BOD want to remain independent. Fingers crossed for some good news very soon!

Seen this sort of thing before a large stock holder in effect loans out or sells their stock as a hedge and then they earn a fee for nothing in the knowledge their contract allows them to but it back again when the short is repaid! If one looks at the release the figs/numbers are very close to those undertaken by World Quadrant - they have been found out? expect another release soon form World? This we found happening under Acacia Mining -but the good news is the fact they are holding as with Acacia we got taken over by Barrick? So watch this space perhaps something is a foot later?

Thanks Mr T. & whilst we await for the new contract wins be announced and tread water whilst the costs for the removal of waste are taken into account following the earth movement a few months ago, we can expect local costs to fall whilst the Egyptian govt takes up what is rumoured to be on Bloomberg an opportunity to take up 3Billion Dollars in Bonds! This would have the effect of usually lowering the local currency taking this out. Could be good news for Centamin as their costs will then reduce in real terms.

Gold is at a very respectable price but has been awaiting for the US Stimuli to further push to new levels. With the Biden 3 trillion now on the starting blocks we should respond higher as we did last year, and don't laugh but I can see us going back up to £2 a share as we did before without too much effort- lets see later after the Eastern markets have woken up to the late Friday news from the USA sent out Friday evening, but I am quite confident now of some serious rises in the precious metals market. I saw that both Hoch and Fres were more positive with an immediate response.

I saw where'as the same occurred for Fresnillo for different reasons with Fres it was the Pandemic, that production was less for Silver and Gold the materials, but they have really increased production results for them from what many would have considered as waste products being Zinc and Lead? So I wonder what is in the so called waste at the Egyptian stronghold contains anything else worth having? Or do they have any rare earths? I look forward to new contract wins being published soon! Maybe they do not want to invest in new machinery if they expect a take over from someone like ABX? Only a thought?

Comex and World Silver see demand increasing and supply in shortage as prices rise back today! We should respond later to recover quite quickly - fingers crossed. Many market so called day - traders will soon realize that investing in Airlines, and the entertainment business might get a shock later, when all of the profits from those same businesses will be used to repay debts. The miners will still work to deliver and continue to pay out profits - most have negligible debt. (if any). I am sure Insurers and Pension Comps will soon realize soon if they want sustained income the precious metals miners are worth a look longer term as well as short term once all the Western Economies deliver their stimuli!

I.e. the current market price reflects the short but not the true price when they have to buy back. So sometimes I look to comps that are financially sound to buy that have been shorted as the market price is false and below that which it should be without the short. To me as they have to buy back - happy days. I see now reason for Gold to fall short term, and in fact expect it to rise. Once if/ Mr Biden can actually get his stimuli approved! Feel this will not be long coming either!! As ever good one to invest hereon.

Agree - I could see last night from my charts that Silver demand was increasing with raised prices coming back.
Today the West is looking at Comex currently at Usd27.13 (which is actually up over50% for the year) and so long and short term the share prices for all Silver miners will benefit as it will wind down to the balance sheet.
Most Western economies are looking towards stimuli to help growth which will always help Gold/Silver prices. So a good one here to own in my opinion. This is a cyclical share that just needs one to come on at the right time. I have been topping up for the past month. I do not consider myself to be brave. Those are the traders currently investing in travel Companies and Airlines and the entertainment industry that will possibly take 2 - 5 yrs to recover -post pandemic . IMHO.

Silver coming back already according to my overnight charts. Silver up as we cross over into Weds. If there is a Silver shortage there is a shortage!! There was last year and we rose then too. The miners over the years have done me proud to always buy on the dips - happy days! This share like most miners is up and down like Fulham! Or rather West Brom. Sorry Uncle Sam!

Silver rising again in early hours trading. We might recover quite fast if the rise continues? Perhaps the buyers are back in town?

Bloomberg report 10% of all Silver sales go towards solar panel manufacturing and the increase price will result in the current prices for components having to increase. Reports are certain large Solar panel contracts/orders are currently being discussed and will no have to take into account the higher Silver price. So some of the increase is not just due to online traders, but actually demand which is picking up for the product. I also know last year there was a Silver shortage where coin sales had been requested by ETF's and there was a shortage then with not all orders being able to be met. I have a feeling the Silver price might have a way to go yet! I am holding all my FRES, HOC and CEY is expecting two new contracts wins very soon - so watch for that too.

Wonder if they will later turn to Gold? Could be a challenge for them where Bloomberg feel they cannot tackle the precious metals market - well perhaps that was foresight in light of the Silver charge late Friday and early doors this morning!

Was told Fresnillo is the Worlds largest Silver producer. I have a feeling their results will now be upgraded. Although they had better recent results on Zinc and Lead - probably for Battery production. I expect them to respond soon just like HOC.

This is about the only thing Flying at the moment and why not! Should get us to a higher destination later when London opens. Currently up 6-7% in Eastern Markets and nearly 7% on Bloomberg!

At this rate we should make our way for take off. Silver currently up 6-7% in Eastern Markets and nearly 7% on Bloomberg! If this has been shorted Reddit is on your case, so better see if anything needs to be declared!

Looks to me to be an ideal share to buy when the precious metals prices are increasing so fast. However it does look like it is being held back in London - not sure this will happen when the Canadian/US markets open this afternoon. Time will tell but we may well start to respond higher in afternoon trade. Fingers crossed - we should do. Why should the on line traders not correct the market if the market itself is manipulating prices. I was never in favour of shorts anyway. Perhaps the way to stop all this is to actually allow the market to correct itself. I am sure many Hedge fund and short managers will be worried and they should be that their best days have been had. It is amazing how they cry when they are themselves being corrected isn't it.

Looks likely we will continue to respond in the Morning - maybe the retail traders can also look into Gold as my Centamin need a hike as well as the Hochschild and Fresnillo that got a lift back today.

Good share this and we must expect this to follow HOC and Fres higher later. We are await in expectation detail of the new contract wins very soon, and for the other exploration projects I understand the political climate in improving for their other explorations sites in Africa. So my feeling is as ever a good short and longer termer this one.

Strong buy why not - best sell those entertainment/ pub, travel, airline stocks then. This is the one of the Horses on the gallop!

Fres are the No1 Silver miner gaining support with Market traders today. It has been well over sold for sometime now and Silver and Gold are now back and starting to come back to what prices they should really be all things considered in a market where cash is not king! Well done for those like me who have braved the storm - fortune favours the brave!
CEY, HOC - will all come back too - good luck chaps enjoy the ride fill yer boots!