The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think this corona virus assault is just an excuse to distract people from the real problems of this world, the mortality & infection rate is insignificant compared to major virus infections, think of aids/hiv or if any of you are old enough to have experienced the 1918 Spanish flu you will understand what I mean, too much panic without sensible reason, keep hold of your cey shares, quality will ultimately shine :)
In AUD terms (my currency) I will get around 15c per share divi from Centamin for the 2019 year, seeing as my original cost including my 20c option exercise was AUD 23.5c my yield on cost of around 64% makes me smile.
However, when they get back to GBP 1.80 & considering the relative strength of the pound versus AUD I am definitely going to take some profit as I am sick of the inconsistency/volatility and want to reduce my exposure.
Good luck to all & here's hoping for a good year with no more slip ups :)
Thanks Gnome, as a beancounter I should know these things, but your cheat sheet link is very clear & precise, much appreciated.
Hopefully the new year & market flight to perceived safety will prove rewarding to we long hoping & anticipating Centamin shareholders :)
Happy & prosperous new year to all.
Mr T, I think we will see close to 2 Quid again soon & if so I am bailing my major holdings (will keep the 53000 in my super fund as can’t use the money for another ten years when I’m 60). Would like to hold them all as I do believe in Centamin but the roller coaster ride of the past 20 years has left me wishing for a more stable investment environment :) Hope you are keeping well & not all your investments are as volatile as this one
With gold now $250 per ounce higher than for the June 2019 half & production expected to be improving significantly for this current half with a corresponding reduction in costs per ounce, can we expect a big final divi? I personally see that a final of 10c is not out of the question, this may be wishful thinking but I don't think it an unreasonable hope & I certainly wouldn't say no to a wedge of that proportion. Any thoughts out there as to my hopes, am I being to greedy??
As I deal in pacific pesos (aud) and the pound has got significantly stronger against the dollar since last highs I can now take 1.80 as against the 2.00 I was holding out for. I could have got 1.92 last high but greed scuppered me, if we get to 1.80 the 300,000 I have in my investment trust are going, the 50,000 I have in my super fund can stay for another 10 years until I am 60! After holding these shares for nearly 20 years & going through all the ups & downs I would love the opportunity to take some money off the table :)
All well & good to criticise when things go wrong, do better!
**** happens in mining, get used to it!
I am a great exponent of this company, has made me a lot on paper.
I will continue to ride the ups & downs as I believe in what they have in the ground & their ability to extract & exploit same.
If you do not concur, your best course of action would be to sell your shares, not what I would do but each to their own!
Cheers
T
From a bean counters point of view kvt doesnt shine so brightly when one questions overhead (salaries in particular) and economies of scale. I am not saying I dislike the concept however their blueprint is essentially a lot of intentionally confusing obfuscation! I am going to steer well clear, each to their own, but I wouldn�t bet the farm on it. Cheers T
Hi all, anyone have any ideas on the strength of the pound? I follow closely as I will sell Cey in pounds & convert to aud. in the past couple of months the aud to gbp has gone from .62 to .57 which makes me very happy as it makes a significant difference to my potential aud proceeds. My question is why has the pound strengthened so much when the aud has been relatively stable against usd, is it just brexit proceeding or what? Any comments/advice would be appreciated. Cheers T