Centamin Share Discussion Threads

[dt1010] 12/4/2017 11:21

Targets 209p short term

PE of just 9 !

[juju44] 12/4/2017 11:10

Sawadee wherefore art thou ?

[haughtonhoney] 12/4/2017 10:59

Looks like 184p might be behind us...

[juju44] 12/4/2017 09:37

Time to smash that 184 and leave it in the rear mirror

[weemonkey] 12/4/2017 08:21

hmm looking good.

If proof were need of the profitability that exists here. Centamin paid our almost $90 million more in Dividends than Randgold Resourses did last year.

This company has the DNA of a large cap gold miner and has a world class asset in Sukari but trades a very modest multiple.

That anomaly may be about to be corrected...

[dt1010] 11/4/2017 15:20

Bought more

[trentendboy] 11/4/2017 13:18

Gold or CEY

or both....

[dt1010] 11/4/2017 12:03

Breaking out

[undervaluedassets] 11/4/2017 09:14

Many a slip between the cup and the lip but to my mind these could easily double and they would still be reasonable (esp compared to Uk listed gold peers)

The market takes a long time to work these things out and then suddenly without any warning a share can melt up.

Who knows but the case for a re-rating here looks as compelling as any that I have ever seen... (Now watch them tank . . .lol)

[dt1010] 11/4/2017 09:04

True, just not North US..but hey I am fully loaded here, no complaints.

[undervaluedassets] 11/4/2017 08:55

Don't know about that DT1010

RRS operations are in Mali, Cote d'ivoire, Senegal, Democratic (cough) republic of Congo.

Without political risk ? - not exactly the home counties these places.

Mennwhile throughout all the Arab spring CEY managed to achieve business as usual operations in Egypt

[jfishy55] 11/4/2017 08:17

Burkino Faso may turn out to be much bigger than it currently is judging by reports from other companies operating in the area. No guarantees though & it will take a long time to prove reserves, design the mine & build a mill. That first oz is a long way off...

As for Sukhari being world class - once the CC is out of the way, I would expect CEY to increase exploration in the licence area, there are several artisinal/Roman workings such as Kurdeman, Sukhari North etc that need to be proved up. Can output be fed to the existing mill or will CEY need to buy another?!

Here's the map:

[dt1010] 11/4/2017 08:16

I suppose 'political risk' stops it from having the same rating as its peers.

[undervaluedassets] 11/4/2017 08:11

RRS paid out $93 million in divis in 2016

CEY paid out $178million in divis in 2016

CEY big company. yet trades on very modest multiple .

[dt1010] 11/4/2017 08:04

200p+ very soon here. Trump/Russia sabre rattling will drive gold up.

[bookwormrobert] 11/4/2017 07:33

JimBowen - the figures you're quoting don't make Burkina Faso anything like a "monster deposit". It might make a nice and reasonably profitable medium sized mine, but nothing more, unless Centamin discover a lot more gold in the ground. It's not to be compared to El-Sukhary, which is truly world class.

[jimbowen30] 10/4/2017 22:44

Nice little recovery from CEY. They continue to churn out the cash and gold is consolidating above $1250, so very encouraging. It's a matter of time until CEY takes out the all time high. I think one driver could be the Burkina Faso deposit. Does anyone know when we are due a resource upgrade on this? The last indicated resource of 1.9m Oz is from 2013 and there's another 1.3m Oz of inferred at a decent grade. I think the company has previously stated this will add a few hundred thousand oz's pa to production and will help diversify CEY. It looks like another monster deposit.

[juju44] 10/4/2017 22:09

DT , you need to stop believing the con men. i have loads of CEY

[dt1010] 10/4/2017 20:56

Juju you are so full of it. You need to get out more. You wouldn't be negative if you'd done well over the years.

PE of 9 here.

Cheap. target 209p

[undervaluedassets] 10/4/2017 20:07

Have a hard look under the hood (financials, balance sheet etc) and compared to peers this is one cheap gold stock.

[juju44] 10/4/2017 19:58

Has had almost no effect over past 3 years

[dt1010] 10/4/2017 19:42

Tiny dip on gold's $10 sell off on Friday.

Gold price will dictate short term movement

Target is 200p+ within 6-8 weeks

Don't underestimate the role geopolitics can play in driving up gold.

[hectorp] 10/4/2017 18:30

Very good Skinny..
Small dip but not very significant. Still the same overall production over the year.
Still think we will see two pounds fairly soon, many not next week , but a month or two,