Centamin Share Discussion Threads

[juju44] 25/5/2018 09:36

Back at last Nov lows and RSI lowest in years. It may fall further but buying territory looms

[juju44] 25/5/2018 09:31

George , the tea leaves had it right and recent price action was suggesting all was not well . I will buy some for trading now

[astjgroom] 25/5/2018 09:14

Playing games, trade prices show buys but they are pushing it lower. I think we could see 1.28 before a real bounce

[lodgeview] 25/5/2018 09:04

I added a lot.

[ukgeorge] 25/5/2018 09:03

That was a bit of a black swan Juju. One encouraging bit of news was another underground mining team. The UG is becoming more important than the open pit

[juju44] 25/5/2018 09:00

I should have hedged

[ukgeorge] 25/5/2018 08:57

wow just added a few. Seems somewhat over done

[lodgeview] 25/5/2018 08:39

I love it when shares get overdone. I capitalise. Watch this bounce!

[jfishy55] 25/5/2018 08:38

My rough maths suggests a 6% drop would be warranted but down 12% (based on costs & oz mined guidance).

Given that CEY tend to be cautious I expect 515,000oz will be delivered (in the past they have appeared to have the ability to mill higher grade ore to keep ahead of targets), maybe a bit more.

Dividend will likely be hit (it could be maintained with the amount of cash held - over $300m but they didn't do it last year so I don't think they will maintain it. I expect we will be looking at circa 70% FCF for distribution).

Given previous history I expect CEY will not just fix the equipment problem but take steps to ensure it doesn't happen in the future.

Seems a buy to me, let's see what the rest of the day brings!

[juju44] 25/5/2018 08:38

Sure ruined a nice summer day .

[fenners66] 25/5/2018 08:37

"UKGeorge
5 Apr '18 - 14:53 - 26775 of 26909

Dividends paid tomorrow :) 7.11p per share.

Quality company well run lots of reserves and resources.

If only all gold shares were as good as these."




I just went back to the thread to catch up 150 posts or so, and thought it was ironic that post was among the first I read.
Still of the same opinion?

[mallorca 9] 25/5/2018 08:36

Heading back below £1.

[garycook] 25/5/2018 08:30

Bought back in here.Whey overdone.Nice buy at 136p.

[cl1nt1] 25/5/2018 08:24

Looks a little over done to me.

[bluebell7] 25/5/2018 08:20

Bet there’s more Buys than sells at the end of the day,over the top as usual pathetic!

[astjgroom] 25/5/2018 08:16

A bit over done i think

[juju44] 25/5/2018 08:07

Is this why Joseph did a runner

[juju44] 25/5/2018 08:06

Well now we have it -- double top as predicted

[bulltradept] 25/5/2018 08:00

Production down, costs up, oh dear.....

[zedder] 25/5/2018 07:52

Only 505000 to 515000 ounces for the year. How on earth is the company going to make a turn!Come on, get real, it's hardly anything that significant.

[astjgroom] 25/5/2018 07:26

Oh dear, rns is gonna hit SP

[juju44] 23/5/2018 10:00

Yep , not good

[juju44] 21/5/2018 08:17

Gold fek'd again so I think we are in for a double top

[juju44] 18/5/2018 08:53

this double top seems to be firming up