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CEN Centurion Res

0.645
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Centurion Res LSE:CEN London Ordinary Share GB00B3ZNRX66 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.645 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.645 GBX

Centurion Res (CEN) Latest News

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Centurion Res (CEN) Discussions and Chat

Centurion Res Forums and Chat

Date Time Title Posts
22/1/201414:08Centurion - the rebirth of CHC247
26/11/201309:45Spectacular results next to Centurion-
25/11/201318:12High grade copper nickel is where to be1
12/11/201215:56Centurion - the rebirth of CHC3
26/6/200807:31CeNeS starts New Year6,139

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Centurion Res (CEN) Top Chat Posts

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Posted at 19/12/2013 13:19 by vauch
It is expected that completion of the Acquisition and Placing will take place at 8am on 2 December 2013. Also on that date it is expected that the entire issued share capital of the Company, as enlarged by the acquisition of FinnAust Mining plc, will be admitted to trading on AIM ("Admission").

So is this stock back on aim?
If so what ticker is used?
Posted at 26/11/2013 09:45 by ethorne
Just next door to CEN's licence area, ASX listed Altona Mining has hit big with spectacular intercept of 108 metres at 2.4% copper including 58 metres at 4.2% copper which is the best drillhole result at Kylylahti deposit since its discovery in 1984. Altona identfied a new Wallaby zone in aug with 29m at 4.7% copper and its price has rocketed. This district is hot, world class and with a few good results from the guys, we should hopefully see some fireworks.
Posted at 26/11/2013 08:43 by aim_trader
Interesting article on CEN in Daily Mail:
Posted at 14/11/2013 13:02 by ethorne
Its a new company, new assets, , in a new jurisdiction (No1 in the world for mining). The assets, located in highgrade producing province, that is recognised as woorld class - see Outakumpu - have come from a hugely successful company in Western Areas, $500 m mkt cap and divi paying. Let the sellers out and then see the buying. Look at Altona Mining Ltd on the ASX (not London one!), who struck with a project along strike from FinnAusts, share price rocketed. Hope people get caught with their trousers down as I'm invested and tired of the harping
Posted at 14/11/2013 12:30 by fludde
From my point of view this company has always been a way of taking investors money, losing a chunk of it and giving the rest to the directors. SWC fail, CHC, fail, CEN I can hazard a guess......
Posted at 14/11/2013 11:55 by ethorne
Proof will be in the pudding, the western areas guys have an excellant track record and irrespective of the comments above, Clyton was involved with Extract resorces, sold for 2.2 billion to the Chinese. One of the few resouce successes. He must have access into the Chinese so any discovery and off we go with offtake and financing. Not sure why peopel are mentioning the collapse, the placing was done at .5p so you would expect the price to initially follow this. I suspect people are trying to destablise, we shall see
Posted at 13/11/2013 15:21 by smythy4
imo CEN still has a long way to drop. Held up by frothy hyped unrealistic assessments by BB rampers.

c further drop in price before this stablises. Meanwhile, plenty of other AIM shares taking off...
Posted at 13/11/2013 08:18 by smythy4
CEn is looking increasingly grim. Pointless hanging on in here with SO many other stocks taking off on AIM and money being made hand over fist.

FML looks about to take off...overdue financial & op update due, & ex CEO forecasting mkt cap to increase by factor of 8 by end of next year!

Buy FML (big vols already today)..big update due today or tomorrow
Posted at 12/11/2013 21:07 by mistermagoo3
Centurion Resources: Clayton looks to Austria for his next big project
By Ian Lyall November 12 2012, 3:01pm Austria provides the backdrop for Clayton's latest project.Austria provides the backdrop for Clayton's latest project.

As a director of Extract Resources Alastair Clayton helped shepherd to a successful conclusion the $3 billion sale of the Husub Uranium project to the Chinese.

For those who backed Extract, and the company's major shareholder Kalahari Resources, it was a hugely lucrative deal.

Investors will be hoping Clayton can emulate this feat of value creation with Centurion Resources (LON:CEN), an Austria-focused copper exploration play that made its debut on AIM this morning.




With a market cap of around £2 million, there's a lot of work to be done. But as the company's chief executive describes the opportunity there should be plenty of excitement and upside from this very modest start.

He has behind him a very experienced board, including Peter Landau of Range Resources and Black Mountain, and Greg Kuenzel, of Noricum Gold, who are non-execs.

In fact it was Kuenzel who helped negotiate the deal to acquire an 80 per cent share in the Mitterberg licences, near Salzburg.

The 33 square kilometre project was the site of an historic copper mine dating back to the 19th century that finally closed in 1977 when the price of the base metal was on its backside.

In that time around 120,000 tonnes of copper are estimated to have been extracted as the underground mine tracked east to west along a gently dipping vein of high grade ore.

Mitterberg has a number of major advantages over green field exploration sites.

The first is that infrastructure such as tunnels and shafts are already in place, which allows the group access directly to the ore body. In all there are 40 kilometres of underground workings that track the vein for 11 kilometres.

Also, the Austrians were assiduous in compiling data from the mine, which means Centurion knows to a large extent just what it is acquiring and exploring.

It has a target of 11-11.7 million tonnes with a grade of 1-1.15 per cent copper.

Having raised £1 million via the IPO, the plan is to drill the western extension to firm up what actually lies beneath the surface.

Planning for the drilling programme will take place in the run up to the festive period, with work getting underway in the early part of next year (though probably not in January).

For a veteran of the African mining scene, hidden gems such as Mitterberg are something of a revelation to Clayton.

"We did Kalahari and Extract, which were pretty successful for our shareholders," says the Centurion chief.

"We were looking for something new to do. I was personally intrigued by the projects, which dovetailed with my interest in what's going on in mining in Europe, particularly central Europe and the Balkan region.

"There are some really quality assets that I hadn't realised existed having been very African-focused for seven years.

"And I spoke to some of the bigger metals trading houses who told us they had a lot of spare smelting capacity in Europe.

"They wanted to diversify a small proportion of their overall capacity out of Africa and South America. This spurred my interest.

"Centurion is a modest first step in terms of size of raising and the size of the company. It is reflective of where we are in a reasonably difficult market."

The plan is to add to the portfolio, though he is shy about giving away too many more details.

It is unclear just how the first 1,400 metres of drilling will change the perception of Mitterberg, though it is clear Clayton wants to compile a resource of some description very early on.

"I will have to wait until we have received independent advice. But we would like to design a first class programme that would give us some global JORC resource – that is an inferred JORC resource," he adds.

"Whether we can do that with the first drill programme across the whole deposit, or whether we zero in on a specific area to quantify a smaller part is still open to discussion.

"These are the decisions we will be making going up to Christmas."

"There is no geological reason why the deposit doesn't continue [to the west], but we have to prove this.

"We have a modest budget. But because of the historical record and the nature of the mineralisation we can cost effectively get to a position we can get to a position we can grow the inherent value of the project."

Austria is deemed a mining friendly address, which plays host to one of the world's largest tungsten deposits as well as being a producer of talc and graphite.

Ultimately the Centurion mine will be developed largely underground, with rock crushed, concentrated and shipped for smelting elsewhere. But this, Clayton emphasises, is a long way in the future.

In the meantime the value will be added via the drill bit. And he has some wry observations about the prevailing wisdom in the industry, which calls for early production.

"Everyone wants a mine, but nobody wants to pay for it," he says, referring to the inability of many companies to raise even a modest amount of debt for capital projects.

"I'm an exploration geologist and like nothing more than adding value by defining resources.

"Unless one has connections where you can start with £100 million you have to start from a small base and work your way up. And our shareholders will follow us as we grow the company."
Deal CEN at Proactiveinvestors preferred broker Losses can exceed your initial deposit
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Posted at 30/8/2013 13:23 by 55investor
In comparison to other aim junior miners this looks a steal and they can raise money at over double the share price, if somebody is prepared to pay 1p for 200k's worth they expect a profit, makes the shares cheap at current prices as they have a lot of cash next to a very small market cap.
Centurion Res share price data is direct from the London Stock Exchange

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