Centamin Share Discussion Threads

[rotrader] 25/5/2017 12:08

Sorry about the off topic but I need some help to reach my goal for Jeff Stelling's March for Men- Prostate cancer marathon walk charity.
I know we have all had it a bit bad with Centamin of late , but hang on in there.
Any help will be appreciated.

[rebess4] 23/5/2017 11:52

Message for Saw - Neither of us visiting much these days, maybe our time to shine is over, hope you're doing well though, Good luck old friend.

Unto everything there is a season. :-)

[lauders] 23/5/2017 01:48

Thanks mattboxy. I realize cyanide used to be the way but I thought technology had improved and other ways were replacing it. When you look at the presentations on HGM's website most of their mines use cyanide but not all of them. Something for me to look at in more detail.

[mattboxy] 22/5/2017 20:04

LauderJust for info cyanide extractions are the standard way to extract gold from crushed rock so I think u will find all gold miners use cyanide in their extraction procedure. Nothing unusual in that.

[lauders] 22/5/2017 14:53

Thank you to you too jimbowen30. Appreciate your feedback.

[jimbowen30] 22/5/2017 09:04

Lauders
I would not be overly concerned with the share sales. Josef also sold a fair few around 120p and the share price continued to rise. He still holds a good chunk and I'm very positive on the long term outlook for CEY. There is a lot of growth potential from Sukari and their other deposits. It's the stand out Precious Metals miner in London imo.

[lauders] 22/5/2017 02:39

Thank you for the reply jfishy55! OK. Rather a lot of shares sold by more than one person but seems to be recovering now. Will have to consider my options a bit more. HGM is the other high yielding gold play I am looking at but they use cyanide a lot at their plants and not sure that sits well with me really, although I am sure safety is of the upmost importance with them.

[jfishy55] 21/5/2017 08:24

No one knows Lauders.

Speculations include him wanting cash for him or his family (they appear to be serial entrepreneurs) to start a new project.
Or maybe he is planning on retiring.
Or perhaps it is to diversify away from being so overweight in CEY.
Possibly to provide cash for trust funds for other family members.

All speculation so far I'm afraid.
Certainly no bad news has come out since.

[lauders] 21/5/2017 04:04

Just looking in as am interested in a possible position here. Like the look of the presentations available and the potential here. Throw in the great dividend that does look like it will be maintained to the BOD best abilities and long term it should be rewarding. My only major concern is that there were hefty director sales recently. Why with all the potential and high dividend yield would the BOD offload such amounts please? Would appreciate feedback from those who know the company well. Thank you.

[jovi1] 17/5/2017 22:12

HI Rovi

I agree about ggp it is not for the faint of hart and a lot more risk there but it does remind me of Solg in many aspect
if the deal work with this major than it will be worth many times over but cey is established and a lot safer

[bookwormrobert] 17/5/2017 15:39

And now nearing $1260. Trump isn't good for much, but he's good for gold.

[bookwormrobert] 17/5/2017 13:31

Gold now nudging $1250.

[rovi70] 16/5/2017 15:39

might be worth a look > Greatland Gold (GGP)

[jfishy55] 16/5/2017 13:55

I see it as gold has to have a floor. The lower it goes, the more mines have to go into care & maintenance as they can no longer produce gold profitably. This limits the supply so gold has to go back up. CEY has costs that are much lower than many other producers.

The next question is if CEY can maintain the dividend. I believe so, again, as I can't see how the gold price can be much lower & production is not going to go down (bar some major problem).

Which leaves some other things to come in time: Other assets such as Burkino Faso. Court case conclusion etc.

I think CEY is an excellent case for a long term income play with growth.

Anyone got any negatives to consider?

[astjgroom] 16/5/2017 12:18

Driving it lower, which is ok as I will buy more, we'll oversold

[jfishy55] 16/5/2017 09:01

I bought some a couple of days ago for the same reason Juju - very dependant on the price of gold though.

[juju44] 16/5/2017 08:59

I have added . If gold behaves we are about to go up

[bookwormrobert] 16/5/2017 07:33

New presentation just appeared on company website. Great detail on the reserve and resources at Sukhari and also in West Africa. Highly recommended reading!

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

[shakeypremis] 13/5/2017 13:53

Hasn't really bounced like other PM miners have recently. A good entry point me-thinks.

[juju44] 13/5/2017 10:10

CEY is now oversold . Indicators turning up from low levels. Going up and time to add

[jfishy55] 12/5/2017 08:23

I think this is a legacy of the attempted t/o of NYO by CEY a couple of years or so back. CEY walked away in the end but seem to have retained shares.

Personally, I think CEY should sell these holdings if they are not making merger / t/o / j/v plans. CEY is a gold producer not an investment company after all!

[rotrader] 11/5/2017 11:43

Found this in the Centamin Q1 2017 results -


NOTE 14: AVAILABLE-FOR-SALE FINANCIAL ASSETS

The unrealised gains/(losses) on available-for-sale investments recognised in other comprehensive income were as follows:

Three Months Three Months
Ended Ended
31 March 2017 31 March 2016
(Unaudited) (Unaudited)
US$'000 US$'000
Profit / (Loss) on fair value
of investment - other comprehensive
income (91) 21
-------------- --------------


The available for sale financial asset at period-end relates to a 5.33% (2016: 11.34%) equity interest in Nyota Minerals Limited ("NYO"), a listed public company, as well as a 0.29% (2016: 1.6%) equity interest in KEFI Minerals plc ("KEFI").

[rotrader] 11/5/2017 11:31

Anyone noticed the price rise at Nyota Minerals lately, all be it after a massive fall.
Last August CEY owned 100,000,000 (5.3%) of Nyota. I had a little punt a month ago with some of the Centamin divi.