Centamin Share Discussion Threads

[plat hunter] 26/3/2019 09:12

"If both are flat, then expect a 3% higher valuation."

That's not how leveraged returns work but I admire your confidence

[borisjohnsonshair] 26/3/2019 08:54

The gold movement in the short term has negligible impact. For benchmarks understand the average in 2018 was 1267. Price now 1315. Up 3%. Positive but unlikely to be significant compared with the recovery rate or output, up or down. If both are flat, then expect a 3% higher valuation.

[stevedaytrader] 26/3/2019 08:53

For me- 100% worth the gamble like I said just after the big drop. Patience is key, next set of results. Gold came back a bit, we went up, very hard to predict but these are just minor change factors. We could very well start to climb a bit now as it's not long to the next figures RNS. The price is low enough where the possibility of a big gain outweighs the likelihood of another loss. In my view, the % gain will be greater than the % loss significantly building up to and on the next set of results.

[spacedust] 26/3/2019 08:38

Gold down Cey up today
Gold up Cey down yesterday

[borisjohnsonshair] 26/3/2019 08:14

You are talking pants. We are below the worst case and low due to typical market fear and over reaction. This will be 120p by June.

[spacedust] 25/3/2019 22:37

And brexit is in even more and deeper total shambles.

[mattboxy] 25/3/2019 22:36

That's not necessarily trueLook at the lead up to the finals shares went up to ~136p and then the finals disappointed and down they cameCey is not really a leaky share

[mattboxy] 25/3/2019 22:33

2019 Outlook(7)-- Gold production guidance of 490,000 - 520,000 ounces for 2019, with increased stripping in the open pit balanced by estimated higher average grades.-- Cash cost of production in 2019 are expected to be between US$675-US$725 per ounce produced and AISC between US$890-US$950 per ounce sold.

[mattboxy] 25/3/2019 22:32

-- Guidance provided is annual. The mine plan schedules a progressive quarter on quarter performance, with the underground contribution largely consistent, and the open pit increasing as the grade improves with depth. The first quarter ("Q1") is scheduled to be 105-115koz accounting for increased movement of waste material from Stage 4 and 5.That is from 2018 final results so that is the target for first Q figures

[plat hunter] 25/3/2019 20:37

Worst case scenario is 67p if they don't return production and add to the reserves again, you can't keep selling more gold than you pull out of the ground indefinitely.

Realistically, I see it trading in this range between 80-100... Obviously I want to get them as close as I can to 80p But the double bounce might scupper that fantasy. if we get a third bounce of 90 and decent production numbers in Q1 then I'll review it of course.

Rolling stone and all of that

[plat hunter] 25/3/2019 20:14

Interesting,

care to correct them?

[kennyp52] 25/3/2019 19:44

Absolute rubbish Plat .. you are miles out on your figures .

[plat hunter] 25/3/2019 18:44

Not to mention that CEY had to sell gold held in reserve throughout last year, imagine what the cash position would like if they hadn't of.

Eyes will be looking at the quarterlies here, GOLD sold needs to be above 154,000 ounces with Gold being produced north of 155,000 at a minimum.

[gotnorolex] 25/3/2019 18:39

AGM 8th April..........Q1 3rd May

[stevedaytrader] 25/3/2019 18:36

18th April- Q1 2019 Sales and Revenue Release.
Will fly if targets meet or exceed, and drop back to circa 80 if not.
Will always move with gold proce but not majorly- but of course will if targets meet or exceed.

[plat hunter] 25/3/2019 18:25

Not withstanding the considerable CAPEX commitments, if production doesn't get back above 500,000 ounces or GOLD doesn't break 1350 then operating cash flow gets eaten and they'll have to cut back on CAPEX or tap investors for cash.

[thakars] 25/3/2019 16:43

when do you expect 1qtr results? agm is on the 09th April 2019. Thanks

[dt1010] 25/3/2019 16:11

News will leak about performance and you’ll see direction with volume way before we hear.

[creditcrunchies] 25/3/2019 15:48

If they meet or exceed targets it'll go up with gold only part holding it back is potential downgrades on the production numbers the market doesn't easily forget

[spacedust] 25/3/2019 14:46

Gold screaming again. At some point Cey will follow suit

[stevedaytrader] 25/3/2019 11:09

Gold is but not gold stocks- they are still stocks. Next set of RNS with key info for CEY is the way this one will move.

[phillis] 25/3/2019 11:02

does anyone want to talk re Glencore?

Whoops - i am on the wrong thread

[kennyp52] 25/3/2019 08:39

Little burst on the share price . POG up a touch . Brexit a mess still . Gold the safe haven if U.K. shares get battered ?