Centamin Share Discussion Threads

[juju44] 11/3/2017 09:00

Myu recent buy calls look even better after yesterdays good performance. Indicators have turned up from a very low level . My 200 p target remains intact - and thats just for starters . Believe the tea leaves

[edjge2] 08/3/2017 19:47

Beautiful timing for divi just in time for new ISA year. Gold could be just anywhere, but Koreans may have another stab or chinese in China sea.

[jimbowen30] 08/3/2017 14:44

Thanks Jfishy. I've commented on the article at mentioned the dividend and potential reserve increase.

[jfishy55] 08/3/2017 12:24

He reckons CEY is a buy. He also failed to note that part of the 12% fall was due to it going ex div.

[juju44] 08/3/2017 10:08

If you believe in gold , this is in buying territory

[phillis] 07/3/2017 17:24

why has Siko emigrated?

[sparkle_and_fizzz] 07/3/2017 10:28

From the LSE site thanks to Siko

hxxps://www.elbalad.news/2656505

391 kg shipment at Cairo Airport today.

Total shipments since 1st Jan:
391kg (7th Mar)
277kg (28th Feb)
265kg (20th Feb)
367kg (13th Feb)
250kg (9th Feb)
231kg (7th Feb)
321kg (30th Jan)
289kg (23rd Jan)
325kg (16th Jan)
375kg (9th Jan)
399kg (3rd Jan)

[bookwormrobert] 07/3/2017 09:22

I think the company should clear up the issue of the resource in an RNS - news shouldn't be allowed to leak out like this, even if it is possibly very good news.

[jfishy55] 07/3/2017 08:58

I haven't been able to check but didn't CEY start reported only the "measured" resource (which would be around 8m oz) whereas measured, indicated & inferred comes to around 15m oz?

[sparkle_and_fizzz] 07/3/2017 07:17

Thanks Jim
Seems like Centamin are keeping quiet about the latest 14.5m reserve and instead just leave the old 2015 estimate

centamin website:
"Total combined open pit and underground reserve estimate, at 30 June 2015, was 8.8Moz."

[jimbowen30] 06/3/2017 22:08

From LSE. 14.5m oz reserve:

[sparkle_and_fizzz] 06/3/2017 08:14

“For a long time they were realistically one of the only invest-able gold names listed in London if you were a large-scale investor,” said Baring’s Burstow. That’s a title slowly coming under pressure from miners such as Acacia Mining Plc and Centamin Plc, Burstow says. “People have confidence that they can deliver. We just have to watch them carefully.”



/news/articles/2017-03-06/secret-of-the-kibali-mine-flying-people-in-and-gold-bars-out

[dmitribollokov] 06/3/2017 06:47

Yup and then one from yesterday says 15.7m

hxxp://www.elwatannews.com/news/details/1922755

But the last official numbers published by the company are 8.8m in the 2017 results presentation from feb 6th.

hxxp://www.centamin.com/~/media/Files/C/Centamin/documents/presentations/Centamin_Investor%20Presentation_Feb%202017.pdf

Where's my columbo hat..,

[jimbowen30] 05/3/2017 22:56

Sorry yes I meant reserve not resource....15m is a massive increase on 8.8m Oz. Isn't CEY due to update the market soon with an updated reserve figure? As much as I'm very bullish on CEY and I'd love the reserve to be c15m Oz, I'm not sure how it can be?

[dmitribollokov] 05/3/2017 22:36

It's the reserves rather than the resource (the resource is already publicly 14m). It's fairly intriguing, there are 3 different figures quoted, 14.5m, 15m and 15.7m. So say it's 15m. That is significantly different than the 8.8m stated in the latest presentation - which oddly states the figures as correct up to 30th june 2015.

Why would they be trying to hide the size of the resource any why would josef be selling ahead of that? Something is going on; i'm just not sure what!

[jimbowen30] 05/3/2017 21:23

If the total resource at Sukari is now c15m Oz then this is game changing. I have no doubt in time that CEY will mine more than this but a resource of this size is huge and would provide a further upside to the share price.

[juju44] 05/3/2017 17:26

Indicators now well into oversold territory and we left a gap 166 - 173 which will have to be filled . Still a little off the 200dma so who know but buyinghere should prove profitable before long - unless the mafia decide to smash gold

[bookwormrobert] 05/3/2017 17:01

Once again, I'd recommend reading the excellent Siko's posts about Centamin on the LSE board. It appears that news has slipped out that the total resource of El-Sukhary is now 15 million ounces of gold. The court case also looks like it is headed towards a favourable resolution. This all looks good from here.

[dmitribollokov] 04/3/2017 11:57

Need to know how much the family still holds. Sami, nor any suitable sized investment vehicle that could represent his holding shows up on holdings page on Bloomberg. Last announcement related to him was 10m disposal taking him down to 68m. But that was before he stepped down. Subsequent to that he doesn't/didn't have to notify sales and as his holdings were held in different trusts he wouldn't have a notifiable interest breach if he sold down. He could have sold out completely. I have no idea, looks like he might have from holdings lists. It would give me a great deal of comfort if he still held, given josef's sells.

Until we get clarity on that (or obviously if court case gets cleared) i find it uncomfortable to get back in here. Still sitting on the sidelines other than glr and jlp which both have enormous potetential..

He could maybe be selling up to buy some more mining rights, once he's talked the mining authority out of their onerous conditions on production share. Its the only thing that could justify it and makes sense given the interaction they've been having recently. I would definitely invest in a new entity of his. He is only 43 so has plenty time to create a centamin of his own fromscratch. Just a thought...

The indiana resources thing is too small to warrant selling ~£40m of shares. Mkt cap is only £5m

Josef's selling seems even more odd given the 30m resource re-estimate for sukhari in the egyptian press - which is probably the reason for the bounce yesterday?

Any thoughts?

[juju44] 03/3/2017 13:47

Fishy - always amazes me how it can happen but fell just enough to close that gap

[jimbowen30] 03/3/2017 13:46

This is NOT a share to be out of long term. It's too cheap relative to its peers too imo.

[trentendboy] 03/3/2017 13:11

... and bounce

[dmitribollokov] 03/3/2017 13:05

What's shakinng here? Very much against the run of play with other pm miners...

[jfishy55] 03/3/2017 11:04

Absolutely Juju, hopefully the gap you spotted has been filled now?