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Jack be nimble, we should all consider the fact that gold has bugger all utility value, many **** off crypto for the similar reasons but fail to apply the same critical thought to gold simply because it is accepted, it was accepted that the world was flat for a long time, doesn’t make it true.
This stock is undervalued now so a good buying opportunity but don’t hold too long, the world changes & if the human race manages to survive for too much longer (undeservably) gold will become a relic.
Just a thought & probably won’t happen in our lifetimes but stranger things have happened so be cautious before betting the farm :)
Good returns to all
Ah the pomposity of someone incapable of accepting that we are all as a society responsible for what we have created knows no bounds. Much easier to blame big business, politicians & whatever other scapegoats can be imagined than accept responsibility for our own greed & lack of consideration for the long term impacts of our behaviours.
This forum was once a good source of interesting information, it has become an arena of unfounded speculation, whining based on nothing but ill informed opinion & a political soapbox so I shall bid you all farewell as I find it too irritating to be bothered with.
I do wish you all the best with your investments whether CEY or other.
I agree in some respects with your comments but think you underestimate the ability of the huge area surrounding Sukari which Centamin controls to provide ore to sustain 400 - 500k oz operations for many years to come.
Combine this with the likely increase in gold price from rampant money printing and other measures we employ to avoid having to face the reality that sometimes we have to put up with tough times & I think Centamin will be able to continue to be a solid dividend paying company for a long time.
I am certainly increasing my holdings at these prices with next to know concern, when the price gets back towards the 200p level I agree it will be time to take profit & wait for the next fall. A single mine operation will always be subject to big volatility, the nature of gold mining pretty much guarantees it, I agree it is much more rewarding to take advantage of that volatility than whine about it but unfortunately that is the way of the new worldwide attitude, complain about everything and blame anything & anyone else but ourselves for our perceived misfortunes & inequities - if it wasn’t so annoying it would be a good giggle :)
MrBond, I buy my CEY on the US exchange as it is easier for me to trade in US$ than pounds. It is on the pink sheets/OTC under the code CELTF, not a huge trade in it but it is certainly known in the US particularly for its divi.
Why not have a political system like North Korea. Tibbs, you would be appointed fatherly dictator for life & make all decisions unquestioned. Your boundless wisdom would save the uneducated fools in the electorate from their own idiocy & you would guide society to utopia!
I do not agree with your opinion & nor do many others. As is typical of those who favour the left side of politics you are all for democracy until it goes against your views at which point you claim the system is rigged or those who voted against your wishes are uneducated fools. I have no intention of debating the issue with you as debating with blinkered, one-eyed people is pointless.
Why must every comment go back to Bemoaning? Britain escaping from the clutches of the ECB, the worst example of corrupt unelected economic dictatorship on the planet should be applauded. Why not try accepting the democratically made decision instead of repeatedly whining because your wishes cannot be forced upon society?
Have a close look at ETH if you haven’t already. I am not a tech expert so a lot of it is over my head, but the potential of the programmable properties is similar to a new internet. I am still in big profit on my position despite the drop (over 4x in under a year) but can see an even bigger upside. There is risk but that is something one must accept with high potential return, DYOR & good luck.
Cheers
T
I had a look at Kenesis as I have a significant part of my portfolio in gold & crypto so a combination of both appeals to me.
It is a pig with lipstick, the volumes they use as examples in their you tube videos are blatantly unachievable, the only people who will make money out of this are the promoters who convince people to shell out good money for the worthless KVT tokens!
Such clear scams should be illegal to promote, the fact they use such jurisdictions as Camans & “Lichtenstein for their operations speaks volumes.
Cheers
T
I spoke to one of my clients/friends today who was a top flight mining engineer working as chief engineer for significant multi resource mines including a number of goldies. He is also a long term Centamin holder & very pleased with me for introducing him to the share.
He has reviewed the reports, etc & he believes fixing the wall stability & restoring the grade is no major problem just take a bit of time but no significant loss of mineable resource.
I respect his opinion in these areas highly so I am pleased that the indications we are getting from Horgan seem in line with those of someone I consider to be an “independent expert”.
Cheers
T
Hi Gnome
Don’t worry too much about the WA premier, it is just we sandgropers still look back to the Charlie Court era & would like succession to take place in WA. We just don’t like you easterners! :)
Cheers
T
I think you all may be being a bit harsh on the El Raghys. Don't forget it was Sami who saw the potential in Sukari & then took Centamin from a junior rock kicker to a decent producer, he made me a lot of money for which I am very appreciative.
His son was not a particularly good CEO but I give him a free pass on that one considering his accomplishments with Sukari.
I am about to re-enter Centamin in a decent amount but am in 2 minds, buy now or wait for the almost inevitable drop below 1 pound which is likely if history is anything to go by - any comments on this would be appreciated.
Cheers
T
Why? Because politicians are idiots who only concern themselves with what they think will get them votes! The Donald is picking on China thinking it will get him votes from "Joe Sixpack", similar tactics worked for him last election & he has the power to take China on. In Oz with our PM, although I think in general he has done a good job managing the virus & the stimulus measures he has introduced, his tactics against China are just stupid and will cost key Australian industries heavily, he should leave the fighting to the big boys & keep his opinions in the shadows where they belong!
Mother in law as well as my own mother are just memories for me but very fond memories like this stock, no debt but like any miner will have difficulties any more as for you Super, I live in Australia now so don’t really give a damn at much :)
I am just old & have an old wife, I still drink she doesn’t I gave up smoking 50 years afford, my girl 80, we did not deserve to live this long nor wish too but we have so there is not much we can do
No need to get so mad & insult my wife who happens to be Chinese but only 5 years younger than me, she has still made 100 and I doubt if too many of you have done the same, you panic over nothing & don’t know you are born, a world war or two will change your mind, I will die soon anyway so don’t care, would just like my third card from Queenie, I find them special :)