Cerillion Share Discussion Threads

[zolota] 05/11/2007 10:46

Recently there is also a lot more to post of course. What would really help if CER can show some great gold and moly production results. It would be nice if they hit their targets for a change. Show us some great Q3 results and the share price can really move into save territory as far as the current bid is concerned.

[hpreston] 05/11/2007 10:04

True Zolota PP is sounding like a broken record. Most of us had Eureka does he think he is a stand alone.
As you say lets get value for our money with Celtic, its a pity the MM's didn't get behind it a bit as well.
I will say we are getting more posts from the company something which didn't happen previously so it has shaken things up a bit there.
I guess when the CEO owns that many shares it is going to hurt his back pocket more than ours.
H

[zolota] 05/11/2007 08:21

PP that was in the past I am more concerned that Severstal doesn't shaft you as CER holder once again.
The 270 offer becomes sillier by the day. Here we have another 17.5 mln in the bank and the gold income on todays gold price is over 50mln USD.

[papalpower] 05/11/2007 08:04

I think it demostrates how EKA holders were well and truly shafted...........



"Commenting on the Disposal, Kevin Foo, Managing Director of Celtic, said, 'This transaction further demonstrates our ability to add value for shareholders. Once the Disposal is complete, we will have raised approximately US$44 million in cash from the sale of assets which came into the Celtic Group through Eureka which cost approximately US$32 million. It also allows us to focus on development of our core gold and molybdenum assets which includes the highly attractive Shorskoye molybdenum mine, which was also an asset of Eureka.'

[tigerinvest] 03/11/2007 09:00

I don't understand why Celtic doesn't promote its case to investors properly.
- Show realised gold production & production targets for the next 2 - 3 years
- Point out the increase in gold price since the bid
- Look at expected profits based on this scenario for the next 2 - 3 years
- Demonstrate a credible growth story on a stand-alone basis
- Point out the value of other assets (Moly, cash, etc)

It should be relatively easy to demonstrate that the current offer is extremely low.

[kermit] 02/11/2007 09:41

Why dont you realise risk..

Someone can get 267 now guaranteed ...or maybe wait for 270 90% certain or a 10% chance of £3 plus.. It seems fair.

I lobbed a few out at 276 and 275 pleased i did now.....

I think you are looking at a done deal soon. But who knows

[shutler] 02/11/2007 08:53

I guess it could be that these people selling below the Severstal offer are distressed sellers looking for instant cash?, otherwise I can see no sense in it either.

Good to see the Co. announcement the other day but would be much better to see some broker reports coming out that confirm the ridiculous under-valuation here and why Severstal's offer should be placed firmly in the bin. Personally, I wish they would just sod off, even if they raise their offer, it'll be no-where near a price that truly reflects the upturn that will occur here if things go as planned over the next two years.

[zolota] 02/11/2007 08:42

Still it makes no sense to sell at 267 if you can get 270 for sure from Severstal with signficant upwards potential if the intial bid will not get the required control.

[hpreston] 01/11/2007 12:59

We are a large holder of VOG and they are nearly bust which may account for some of the price drop
H

[zolota] 01/11/2007 09:01

Excellent exploration results. Severstal better raise the price quickly before the market will raise the price. The small drop earlier today is strange. A lot more gold and a much higher gold price, with both only going up up. It is only a matter of time before CER will do the same. Hold on.

[tigerinvest] 30/10/2007 09:58

Chevy,

Taking into account the $100 increase of gold, we could expect additional earnings of $9mln for 2007est ($15mln for 2008est). This should give us an additional value of $135mln ($225mln) at a p/e of 15 on this basis alone.

[bonzophil] 29/10/2007 17:17

With the share price so close to the bid of 270p, it appears that the market does not think that there is a rival bid out there. There dont even appear to be any romours, apart from Celtic's vague references to an unnamed party

[kermit] 29/10/2007 16:24

A bid of 300p gets this company... you will just have some hard ball Institutions left in now and they will drive a better bargain but Celtic are gone.

[zolota] 26/10/2007 09:59

With gold rallying and good progress to pump up both Moly and Gold production it feels like a silly offer. CER should be able to achieve a profit of around 50 mln USD next year.

If you take into account the cash position and the exploration potential I think Severstal should be happy that they managed to get such a high stake for a bargain. The chance that Severstal will give it up if they can't get the remaining shares for 270 is nihil IMHO.

Therefore the final controling stake should cost a lot more.

[sagem] 26/10/2007 07:23

MUCH TO LOW A PRICE THEY CAN GO AND GET STUFFED

[kibb2] 26/10/2007 07:21

Looks like the offer has been made official.... no change in the offer price and too low for me to accept!

[tigerinvest] 24/10/2007 08:12

Good to see that it's still business as usual:

LONDON (Thomson Financial) - Anglo Asian Mining PLC said Celtic Resources
Holdings PLC agreed to buy the company's Carbon in Leach (CIL) plant for 7.5 mln
usd, or 7.0 mln after fees.
Anglo Asian said a non-refundable deposit of 10 pct will be paid this week
and that the transaction is expected to be completed by the first week in
November.
Celtic said the 1.5 mln tonne per annum processing plant will be used to
accelerate the planned significant expansion of production at the Suzdal mine.
Celtic said the purchase will allow it to make a "significant saving" on its
budgeted capital expenditure for the expansion of the mine.
The plant is currently stored in Singapore and Texas and arrangements to
ship the parts to Kazakhstan are underway, Celtic said.
Anglo Asian said the proceeds from the sale will help it fund its Gedabek
project in Azerbaijan.
"Anglo Asian now has approaching half of the funding it will require to
build the Gedabek project, whose economics look increasingly favourable given
current sentiment in the gold market," said Simon Toyne, an analyst at Numis
Securities.
He estimates the company requires a further 19 mln usd to build the project,
which could come from a number of sources including some equity funding.

[tsmith9426] 23/10/2007 07:41

business carrys on, dont see Foo really wanting this to go, maybe vog will make a bid after all, and its taking all this time to get the finance sorted

[kermit] 19/10/2007 17:49

Chevyplus

I dont beleive anything anyone says i just want to see the money and at the moment i see they have purchased 30% and have got commitments for more. i just want the most money then i am off.

I dont want to be right or wrong i just want to not look at this with starry eyes thats all.

I hope someone bids £4 great i will get more money but i just cant see it.

[chevyplus] 19/10/2007 16:03

Kermit,
I think you would find Barrick will go with whoever offers the best price.If you can believe all that Severstal says I think you may be a little nieve.Their thoughts of making Celtic a subsiduary would seem a little far fetched for me.
Chevyplus

[eastwind] 19/10/2007 14:45

Shutler

I totally agree with you.

[kermit] 19/10/2007 08:04

SAGEM

I agree but that advert may aswell go in a local news agents.

[sagem] 19/10/2007 07:48

NO WONDER CELTIC IS SUCH A BID TARGET

• A highly experienced management team with a strategy for driving shareholder
value
• An excellent portfolio of assets, with gold production expected to
reach 90,000 ounces in 2007 and planned to rise substantially in 2008; and
molybdenum production anticipated to reach 1.5 million pounds in 2007
• The proven ability to use the technologically advanced biological process for
gold recovery (BIOX(R)) for gold production in the Former Soviet Union
• A track record of generating profits from the trading of mining assets
• A strong financial position, with cash of US$34.4 million at 30 June 2007, and
a further US$26.5 million in cash received for the sale of Miheevskoye at the
end of July 2007
• Direct exposure to the financial benefits of a high gold price