Centamin Share Discussion Threads

[alamaison5] 31/8/2018 17:35

Ken, so did I. 1,5m shares bought on the closing bell at 102.1p.
Not seen before, or have I missed it?

Unbelievable!
· Earlier stage exploration at Cleopatra has proven successful, identifying good grades on the contact zone. Drill highlights include 4.2m @ 5.72g/t; 8m @ 4.2g/t.

Total US$2.5 million spend on Cleopatra exploration and development has generated pre-production revenue of US$5.3 million.

THEY'VE SPENT US$2.5 million AND COLLECTED US$5.3 million. WHAT??
AND
Doropo Project, Côte d'Ivoire, resource extension and infill drilling returned positive results. Drill highlights include: 7m @ 23.4 g/t; 8m @ 8.5 g/t; 4.3m @ 6.2 g/t; and

Batie West Project, Burkina Faso, is in the final stages of an internal scoping study with independent consultants Cube Consulting.
SO MORE NEWS TO COME THEN...

Outlook

· Significantly stronger production is expected for the second half ("H2"), driven by continued improvements in grade from the open pit as mining progresses into the sulphide ore and an increase in high grade stoping tonnes from the underground;

· The Company maintains full year revised guidance of 505,000-515,000 ounces. Whilst improvements in open pit grade are already being realised, the improvement in underground grade is scheduled to come through later in Q3; and

· Unit cash cost of production are on track with guidance of US$625-US$640 per ounce produced. AISC per ounce sold expected to trend downwards to within guidance range of US$875-US$890 per ounce sold in H2 in line with increased production.

I LOVE THIS SHARE!

[ukgeorge] 31/8/2018 16:07

Lets just hope we don't get that opportunity again.

[cinquepercento] 31/8/2018 16:06

Correction: Re:Military Coup
I slid the trading chart on advfn right back again to the Military Coup Date of 03/07/13 and this time it indicated a drop to approximately 27.7 then recovered to 29.8 aprox.

Also the chart indicates that the drop started around 24/06/13 and recovered around the 4th of July 2013.

So the drop started before the actual coup took place but the coup may have been anticipated.

[zangdook] 31/8/2018 15:24

iirc it was a combination of the court case and a shipment being held up at customs and possibly some rumour or article in the press that knocked the price down to its low (around 20p?). That was 2012; it went pretty low the following year, which may have been to do with the coup) but not that low.

I was a wuss and didn't get any at the low...

[ukgeorge] 31/8/2018 14:44

yep, if £1 goes there is a bit of support at 86p then major support at 70p.

Start of a financial crisis? Gold to $950, then a monster rally...... a re run of 2008

10 years on multiples more debt and inflated property markets in most major cities

[juju44] 31/8/2018 14:21

feet dangling over the cliff again

[cinquepercento] 31/8/2018 13:54

Hello,Davius,

I am aware of the ongoing court case and its effect on the share price.

I am referring to the Military Coup of 3rd July 2013 when the price spiked down to 21.08 pence then settled briefly at around 29.82 for a few days.

I bought some at this point for about 34 pence or so and sold it later for a nice profit.

I think that I was trading this as early as July 2012 but I would need to check my trade history.



2013 Egyptian coup d'état
Date 3 July 2013; 5 years ago
Location Egypt
Caused by June 2013 Egyptian protests
Goals Deposing President Mohamed Morsi
Methods Overthrow and Detention of the President
Resulted in
President Mohamed Morsi deposed by the Egyptian military

[davius] 31/8/2018 12:51

It wasn't a coup, it was the (ongoing) court case...

I remember it well, it all but wiped me out. Fortunately I held firm.

[cinquepercento] 31/8/2018 11:50

Davius:

Thank you for your comments re:perhaps if I made the effort to read the RNS releases.

I usually do read the RNSs and the financials but without looking at them again,I can not remember what I read. I will have another look at them soon.

Re:your one regret here is not holding on to all the shares that you bought sub 24 in 2012.

Yes,I also was buying Centamin in 2012 for as low as 35 pence or so and selling them for a nice profit back then and I can see now that I should have held on them but I was trading then.

Hindsight is a wonderful thing.

No doubt you will remember the Military Coup back around then which caused the price to drop right down ,which was more or less where I started buying them.

I seem to remember a price of sub 30 pence without looking again at the charts here.

[davius] 31/8/2018 09:41

> Out of interest or curiosity,I have been looking at Centamin's long term and short
> term chart and to me,it looks as if it is falling off a cliff. I am not saying that
> it will,just that it looks as if it will.

Perhaps if you made the effort to read the RNS release at the time of the fall from 160p, and subsequent RNS releases, you might have better understanding, than relying on a chart?


I have been adding, I'm in no rush. We've seen fluctuations between around 22p and 180p over the last few years. My one regret here, is not holding on to all the shares I bought sub 24p in 2012. Having checked my spreadsheet, my first buy in Centamin was at 137p in February 2011. The company has come on spectacularly since then.

[juju44] 31/8/2018 09:13

We still have not gone over the cliff so maybe

[return_of_the_apeman] 31/8/2018 09:10

Just bought another 10k, gold nicely up today :-)

[garycook] 31/8/2018 02:19

Good posts 5%,and mattboxy.I also believe the 150p level will return in time.It cannot stay down forever.What goes down,usual comes back up.Price of Gold,and USD dictating atm.If you are invested just need to hold and collect the dividend for now.Also CEY was XD yesterday for 2p. The next set of results will hopefully help has the 2H was quoted as being better.Just need to look at Oil when at $27,now $77.IMHO maybe a good time to buy in here.

[mattboxy] 30/8/2018 23:21

Cinquepercento I agree re calling the absolute top or bottom. You are correct that centamin don't hedge on gold prices which I guess has pros and cons. They hold ~ $300million in cash and saleable gold and have pretty low aisc which allows for profit at even at substantially lower gold prices ( which I hope we won't see!). I think once the summer is behind us and markets get back into business as usual there will be enough uncertainty in the world for gold to settle back into the $1200-1300 range and if we hit the revised targets a strong end of year dividend should see this back towards 150p That's my thoughts. I'm not too much into charts but I'm not completely dismissive of them either.

[bashor] 30/8/2018 15:28

I’m in

[cinquepercento] 30/8/2018 15:05

Mattboxy:

Just out of interest,where do you expect this to bottom out?

Put a figure on it.

[ukgeorge] 30/8/2018 15:03

Yes and gold crashing. Jim Rogers has predicted a bigger crash than 2008, and that gold as then will get sold off as a flight to the dollar takes place.

Starting to look that way.

[juju44] 30/8/2018 14:52

Back at the intra day low for the year .Not looking good

[mattboxy] 30/8/2018 14:47

I see the cabin boy is back his short must be precarious!!