Centamin Share Discussion Threads

[thakars] 27/3/2019 07:11

Kenny - I'm swing trader and have been dabbling in cey for 6 months. I do like your posts it helps people like me a lot....because I do not get a chance to research the company thoroughly. I have many other companies to focus on!!! keep the good workup Sir!! GL

[kennyp52] 26/3/2019 20:32

CAPEX .. this has also been raised as something we need to be worried about. What the poster doesn’t seem to understand is that depreciation is a non cash reserve . With this exceeding CAPEX in the last 2 years then the company profits already take into account the spend and profits generate free cash. This company is in great financial shape ... just needs to dig gold out of the ground in sufficient quantities . I am guessing the poster is out at the moment looking for an entry in 80s ... they have even posted it could go as low as 67p ... be waiting a very long time unless there is an absolute disaster .

[kennyp52] 26/3/2019 20:08

Thanks mattboxy ... so as I say 155k production for Q1 is nonsence from Plat Hunter. Creditcrunchies ... majority opinion on here .. the bad news is built in and hopefully management have been sensible and targets should be easily met for 2019 . Mushroom effect ..... they beat production then the All In Costs per ounce fall . Average POG increases at the same time then you are looking at a substantial swing on profitability . Fingers crossed . Good luck holders .

[mattboxy] 26/3/2019 20:06

I'll post this again so that everyone is clear on guidance for Q1It does mean there will be some catching up to do in the remaining Qs but let's hope we're back to the under promise over deliver daysAnnual guidance is 490 to 520k ozAssuming 110k that leaves 380 - 410 for 3 remaining Qs ~ 130k per Q· "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."

[creditcrunchies] 26/3/2019 20:05

analyst though have this 9 (hold to strong sell) Vs 6 (buy to strong buy). So the average is Hold. Profit estimates coming in lower for 2019 than 2018. So plenty of room for a surprise to the upside because they're marking this company down on their past track record.

[plat hunter] 26/3/2019 18:04

So when i stated that they sold reserves on Q1 last year you think that's contrary to what it states in the accounts?

I appreciate your efforts for schooling me but I'll take the knocks elsewhere if that's okay.

Again Kenny, you are getting worked up over something of nothing, are you feeling okay, do you need an early night or something?

[kennyp52] 26/3/2019 17:58

Plat .. it’s how accounts work ... if they have not sold it from the previous quarters earlier in the year it appears as increased inventory . You stated they had to sell reserves ... that would lead to a drop in inventory . Lesson over . Dear me .

[rougepierre] 26/3/2019 17:00

FRES 2.64%; HOC 1.05%; CEY 13.72% historic yields...GPM pays no dividends...

Mine are all in an ISA with ATYM, SOLG and others, and I'm mainly holding for capital gain...

Hope this helps...

[spacedust] 26/3/2019 15:44

I'll stop making predictions.

[plat hunter] 26/3/2019 15:42

Stardust lol

[alangrifbang] 26/3/2019 14:27

Now you have spoken spacedust we won't!!

[trader365] 26/3/2019 12:39

US housing starts missed expectations


May help support gold price

[spacedust] 26/3/2019 11:15

I think we will have a good blue day today. Up and over 94p

[plat hunter] 26/3/2019 10:56

YUP FRES is a good shout, I've got my ankles wet over there and looking for 950

[haughtonhoney] 26/3/2019 10:27

How many of those pay a divi rougepierre if you don't mind me asking?

[rougepierre] 26/3/2019 10:21

Well...ignoring all the dismal chat....

I've bought back in at 91.42 y/d having sold at 120 plus...

Whatever you think about the production forecasts, this company is producing a lot of gold and, when the Gold price climbs this year and next, ALL the extra price is free profit and free cashflow...

So whether you buy FRES, HOC, CEY, GPM or whatever...(I have all of these...the latter has a NAV of 26.83p and an share price of 19.90)...

They'll all go BOOM! at some stage...

AIMHO as usual and GLA

[plat hunter] 26/3/2019 09:43

Kennyp

Why would i be comparing Q1 results with Q3...

That's not even a QoQ comparison nor a same period comparison, you're not a cherry picker are you?

[kennyp52] 26/3/2019 09:35

Look at Q3 Plat .. you are making yourself look a right div . POG looking like being a higher average this year. No Debt . What on earth you on about !

[laurence llewelyn binliner] 26/3/2019 09:34

CEY 2019 guidance for Q1 is 105-115K/Oz, any better would be nice to see and potatially see the share price turn to the upside..

[plat hunter] 26/3/2019 09:24

Q1 is typically slower than the rest of the year in this game but conservatively I think CEY need 540k for full year production.

I honestly think too many here are neglecting the impact that both CAPEX and lower production have had on the operating cashflow.

CEY has always had a good trade buffer but half if it went out the door on the back of last years production and capex. Something has to give in the absence of firmer prices or improved production

[borisjohnsonshair] 26/3/2019 09:19

Or your stupid comments