Centamin Share Discussion Threads

[jfishy55] 06/9/2017 10:31

Thanks, I must have skipped over that bit, I'll take another look.

[rickyhatton] 06/9/2017 10:00

jf55
It was in the last published results

"Processing rates were 5% higher than the prior quarter at 3.06 million tonnes, an annualised rate of above the target 11.75Mtpa forecast rate for 2017, with the fourth secondary crusher scheduled to come online in Q4 2017."

[juju44] 06/9/2017 09:49

Big struggle to get back over that 200dma.

[jfishy55] 06/9/2017 09:39

Hi Rickyhatton, yes a bit of a "perfect storm" coming together in the last half of this year. The large final dividend will provide buying pressure too. So much so, I hope that next year CEY moves towards quarterly dividends with little disparity.

I wasn't aware of the secondary crusher, where did you find out about it? Thanks.

[rickyhatton] 06/9/2017 07:44

Two of the targets cey reiterated were the 540k oz and the AISC of $790.
H1 was circa 234k oz mined at $850 oz and sold at $1235
H2 needs to be 306k oz and AISC of $745, and Q3 looks like being sold at $1280+

From the improving grades mined towards the end of the last quarter as in the Q2 report, and shipments of gold made (courtesy of Siko on lse) (this week alone 606kg gold shipped!) the management statements look solid, reasonable and achievable.



Q3 looks like being a record quarter. Hard to calculate Q3 being anything less than a minimum of 150k oz.
Revenue Q1 $140m, Q2 $151m. Q3 looks like being $190m+, and better margins.

And an additional secondary crusher coming on line in Q4. So the management statements look very much grounded in reality.

[juju44] 05/9/2017 20:13

yep , CEY a lot higher when gold was a lot lower

[qs99] 05/9/2017 20:12

And going strong.... roll on tomorrow!

[astjgroom] 05/9/2017 20:09

Dear CEY, golds now at $1343, please take note.

[jelenko] 04/9/2017 11:29

The Egyptian govts profit sharing agreement kicking in last quater is surely the main reason that the share price is lagging gold in thr short term.

[trentendboy] 04/9/2017 10:04

Back in the right direction but politics in the country are always going to keep a lid on the price for a while

[jfishy55] 04/9/2017 09:42

QS99, all of any increase in POG drops straight to the bottom line.

And yes, I'm surprised the price isn't near £2 given how the POG is so much higher than it was at previous highs!

[juju44] 04/9/2017 09:40

Agree its still within that downtrend but at least back at the 200dma. A big charge to about 165 would change the chart outlook

[ukgeorge] 04/9/2017 09:32

If you overlay the randgold share price over the centamin chart you can see that they traded in tandem up until early August. If they had carried on trading in tandem centamin would be about 190p now.

Cey needs to break 161p, then it should do some catching up imo

[qs99] 04/9/2017 09:04

very quiet here considering

[qs99] 04/9/2017 06:36

GP still going north, CEY should be making some decent money, not sure how much $10 increase in GP drops to CEY bottom line but IMO doesn't seem to be reflected in share price yet...DYOR

[woodhawk] 01/9/2017 13:53

Looks like my timing wasn't too bad then! Bagged a divi too!

[woodhawk] 31/8/2017 15:36

About time for a rise in the share price soon. Made my maiden buys yesterday and today.

[ben750crow] 31/8/2017 15:28

I'm borderline throwing the towel in now, me no understandy!

[ifthecapfits] 31/8/2017 15:27

Political risk perhaps.

[juju44] 31/8/2017 15:16

Standard life dumping .Wonder why with gold so promising

[juju44] 30/8/2017 09:31

Falling knife maybe but I have added again

[juju44] 30/8/2017 09:21

it has now lost all the gains with the lift in gold .Wonder why ??????

[juju44] 29/8/2017 13:49

I chose this over HOC this morning for a top up . Backed the wrong horse . CEY has been disappointing with the gold climb over past couple of weeks

[juju44] 29/8/2017 10:09

downtrend not over until we break 167 . I expect a better reaction to the gold price than we have got so far today