CG - Centerra Gold - Page 2

ok perfect, I could be a bit scared to be on a venture, I mean, for sure there there are good firms too, but is well know the difference between a nasdaq small cap or a pinksheets, otcbb is better but however not so much, but at least audited.

However, that is on tsx it's on now. I understand that stocks can be subject of manipulation too and I seen it on this stock too in few days I monitored it.

But the point is that the stock is down from 16+ CAD to less of 1 CAD 0.90, and there the PE was below 2. The capitalization is around 250millions of CAD.

Now for what I found, the company is one of the best for the financial situations, with no debts and cash position (93 millions).

Is in the top 4 as number of employees and in the top 5/7 as net income now and as revenues.

So I still want to find somebody know well this stock and gold stock to understand if this stock is undervalued. I bought some to 1.25 and some to 0.94 few days ago, with an average of 1.02/03 I think, but the point is that can go even to 0.50, so pe of 1 and I still don't understand why investors buy stocks of the same sector with PE of 20 or 15 or 10/11 in the best cases with a financial situation that is not so good.

Perhapes the news are not so bad on centerra I mean they have mines, they will not have interruptions, they have the 13 november a new explorations with a bulgaria partner in turkey, and there is this "bet" of what will do the government on Kyrgikistan about that license that could increase of I don't know so much the production.

Considering that even with a gold at 580/550 I see in the next weeks, or even to 400/450 a lot of companies says that they won't lose so much profits and they can cut costs and however stay in good shape, I really am attracted from such ration of Centerra of such low PE with a cash position of the company.

I would like to find the list of ETFs or mutual funds that own stocks of centerra and call them to ask what they think or to see who are shareolders! but I can't find this informations!! please help me will be appreciated a lot!

wow thank you for the confort!!! I will make you soon some questions!!! thanks, I see you have a lot of post and canadian, so more expert than me for sure, I come from a country where we have zero ounces in the lands!

here the short interests! I see that there is a new data each 15 days, so tomorrow another? where to see the updated short interests?

I'm agree! the americans did disaster, I'm embarassed for them, we consider now that america have no banks, their business was all virtual, the growth based on leverage of profits done let's say at the border of legality... a disaster. But america is not only merchant banks, there is all the rest that do not hod CDS, CXY XXX and other strange products never hard from eu bankers too in their life!!!

So let's say that yes the future is at east and we already knew this, or let's say abroad america, so russia, china, india, brasil, will still growth much faster. In 2040 a report of pricewaterhousecooper says that China will be the first economy at paid or Usa, india the 3rd, and turkey just to make an example is a 1/5 of france or more now, will touch it and will be big as much france now, just find in google PWC world in 2050 to find this interesting report.

I love RSX etf about russia, and there are several on asian countries or latin america. Russia is cheap, other still expensive and we need to wait the bottoms in the next weeks or months.

But this recession is all caused form the banks let's say illegal business they did for years, and ok the bubble of house market. if we add that in europe or asia people do not have debts of 1000, 5000, 10000 on their credit cards, we can imagine that this recession is an american issue, we go with them down because we are partners always with americans in a lot of businesses.

Forget america now, let's speak of gold and canada (:-)))))))))

i don't understand a lot this data, where have you found it?

the interesting data is that new positions respect of closed are +9 and increased respect of decreased are +7

but possible that in total all this buyers just bought only 241.000 shares??

and another thing
where to see the INSIDERS buys, the official data, because I've found only some officer that bought shares at 3.90 area, but seem strange that nobody make average to 1.00...

and, I've seen this week 3 times blocks of 500, 650 and 150K shares, at the minimum of 0.94 area and top around 1.15/1.16

what are those blocks? and who is buying and who is selling... who knows?!

is normal the eps of 0.08, is volatile, some month is more some month less, depend from some season factor or something like that, I don't know, but is not the same of some high cap stocks, but the good is that since is listed the company did always profits, even when the gold was low. Perhaps I've read on the web that even with a gold lower around 500/450 those businesses are still in profit, of course they will cut some cost, but not production. Perhaps I've read some news where they see a production increase in the Q4 and so the the average cost per ounces will go down in Kumtor.

By the way, which other stocks you fund cheap? so I can test their financial data with my indicator and to see if are cheap like this or their situation. I don't like gold stock at all because I can't understand well the business but with the numbers shown attracted me and a friends follow gold stocks said that this one at those levels can double. It said this at at 1.32, went to 0.93, for 0.93 too is good , but for now the rebound is weak.

thank you for the link
http://canada.stoxline.com/q_ca.php?s=cg.to

ha ha, I was just speaking in a trading way, not politic, of course russia is corruption and all what you said, not developped at all.
Just that RSX did 100% in less of 2 weeks, while DIA may be 15% (:-)))

forget my comment I wouldn't waste the discussion with politic, I apologize.

yes is nice this GCE, there is a your thread on this stock here?

can you check under your house garden if there is some commodity? can we buy some land there and explore?

do you believe that GCE will do each quarter so 25 millions net profit? if yes, PE of 1 I need to check if they have debts or free of debts.

With CG with pe around 2/2,4 we have 2 stocks below PE of 2,5.

How many stocks we have in U.s. and Canada exchanges with PE below 2,5 with no debts, so with a good cash position like those 2 (not sure of GCE but if you post me some link we can verify)?

thank you
only to think that just some weeks ago this stocks was at 3.5/4.00

but now... CG, GCE etc... is what gurus call "mr. market" that is giving away bargains, before we was in bubble but at those prices we start to have bargains and the cycles of commodities start to be ascendents, so it's not realistic to be back in 2000/2001 when companies was in loss with low prices.

Have you see CDE and HL stocks that was so popular? they are below the prices of 2000/2002 when gold was at 250.

But check their financials... DEBTs are too high and few cash or net income or losses.

But with people that is just liquidating everything now we can have some really good company with their financial like CG and GCE. At 4 CAD or 3 CAD may be that CG could be correctly prices compared to GG, ABX and other players with ratios even higher but at 1/0.90 those 2 seem really a bottom test for at least a short term rebound.

Ok let's wait dow below 8000 now there is a bit of pressure on indexes and oil again at 55 USD today, probabily gold too will break 700 soon and will fall, but as I said, before we was in bubble, here now we are at discount and some stock can outperform the market and go even in contrary direction,

agree?

btw, strange that GCE with that great quarter went down from 1.45 to 0.87, may be few discovered the stock but however next quarter if will be only the half like 22/23 millions net profit, we can have at this price a PE of 1 confirmed!!!! For now CG has a stronger trackrecord in the past,

I wait some other stock cheap like CG/GCE so we can make a portfolio with PE in average below 2,5 and debt free to avoid credit crunches!

found this news on centerra http://www.smallcapnews.co.uk/articl...ject/6110.aspx there is not in TSX site, only on google news.