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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Centurion Res | CEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.645 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.645 |
| Top Posts |
|---|
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 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 projectBy 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 Register here to be notified of future Centurion Resources articles. RSS Meet Genel Energy, IGas Energy Plc, San Leon Energy and Europa Oil & Gas at our event, London, 13 November 2013. Register here » Print article RSS |
Posted at 03/7/2013 11:58 by tomboyb WesternAreas has mkt cap of 0.50 bill - and they've just taken a 8% stake in CEN? |
Posted at 03/7/2013 11:52 by tomboyb CEN - 1P Placing bought buy - RNShxxp://www.westernar Aussie leading Nickel producer - |
Posted at 25/5/2013 11:33 by buddyol2 http://www.proactiveI believe CEN has a 10% stake in the Monty project with Balamara ? |
Posted at 25/1/2013 02:40 by slimey2 So those 150 pick axes, 2 canaries, 1 mining cart 3 buckets and a candle, in the CEN shed arent going to get used then? |
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