Centamin Share Discussion Threads

[fangorn2] 07/9/2018 16:30

Fangorn, political risk is part of the deal. It's the baseline. So why worry about that? It is not in anyone's control

Seriously? Whether it is in your control or not it's worth paying attention to - especially in places prone to changes of Govt and coups!

Ambition and dynamism, which I believe are somewhat aneamic with CEY, is something that the BOD can control and which would attract more investors. Why isn't CEY hunting for M&A opportunities?

In this macro environment I'd prefer they maximised cash flow and dividends.

Re M&A, didn't they branch out unsuccessfully a while back? Ethiopia? Don't recall.
Why would you want a repeat of such?

Let's focus on maximising return from Sukari while we have the chance!

[casual47] 07/9/2018 16:17

Fangorn, political risk is part of the deal. It's the baseline. So why worry about that? It is not in anyone's control.

Ambition and dynamism, which I believe are somewhat aneamic with CEY, is something that the BOD can control and which would attract more investors. Why isn't CEY hunting for M&A opportunities?

[casual47] 07/9/2018 16:07

Good luck finding miners in political safe havens.

Even US is volatile because depending on the administration miners could be (and are) faced with prohibitive environmental regulation or Kafkaesque planning administration. Good luck starting a mining operation there....(not to mention even the AISC in places like that)

The court case is immaterial in that it doesn't affect the current area being mined and also because the merits of the case are clearly in CEY's favour. Not to mention that the government is supportive of CEY in this case.

So yes, the above doesn't trouble me because that is just the reality of mining and compared against most others Centamin is *immensely* more preferable on these points. If it troubles you, then you are investing in the wrong sector.

[fangorn2] 07/9/2018 16:02

The only real problem I have with Centamin is that they lack dynamism and any sort of inspiring ambition.

Really?

Mine is they'e in Egypt, volatile politically, and there's still this bloody court case to sort..Some 3,4 ,5 years later! lost count it's been so long.

Not concerned about ambition/dynamism myself.

[astjgroom] 07/9/2018 14:51

Be nice is some non execs bought

[casual47] 07/9/2018 14:50

UKGeorge, if gold is going to 1000 then that won't be good for any of us holding gold miners, e.g. Hummingbird. Though debt-free and cash-rich companies like Centamin stand to fare better than those with debt.

[casual47] 07/9/2018 14:42

The only real problem I have with Centamin is that they lack dynamism and any sort of inspiring ambition. It's very steady, softly softly catch the monkey kind of stuff. Which is fine I suppose but if that is your "brand" then the production clanger they threw earlier this year rather damages that brand.

I'd like to see them ramp up their ambition outside of Egypt much more. And get some whiff of M&A going - they should be the predator, not the prey!

[ukgeorge] 07/9/2018 14:33

Sadly i think these are going back to 70p and gold back to 1000.

[1corrado] 07/9/2018 14:31

Is concern now with 100.000 of them at 102.5p should hold 90p by the close otherwise it could go even further down but 5 days on the red should start to see some bleu day next week,just a thought.

[stevedaytrader] 07/9/2018 14:29

Good to see you on this board too Casual- yes, it's all about results. FTSE, gold etc causing issues, overall sector hit badly- HGM results OK, so hit less- CEY and RRS MUST start showing results and plans for the future. They will, and will recover a big %. Could be a good gamble before the next of results.

[casual47] 07/9/2018 14:18

Amid all the doom (some expressed with relish and salivation) nobody seems to be contemplating the effect of a positive Q3 prelims on the shareprice, just a month away.

If it confirms mining having reached the higher grade strata then it would not only confirm the updated guidance for 2018 but posssibly also set CEY up for reaching new highs in oz pa output for 2019.

[edjge2] 07/9/2018 14:10

Non farm payroll improved just now so more pain for PMs.
Dmitribollokov, yes ken tennis an excellent monika. And agree bor491 it is brutal. The rubber band is being stretched in one direction by bank machinations or whatever but the band breaks all will go with a frightening whoosh as shorters get hammered. Sentiment must be all time negative for metals, a bringer of smiles in itself. At present massive amounts can be bought by the banks without affecting price.
My policy is to bottom fish but no real cash til end september, that is if my portfolio does not bleed to death by then.
Dollar index hanging on to 95 but cannot go on for long.
I find 75 here difficult to see but yes there is support at 60p.
See what opportunitis happen in October or has this mad game finished by then?
Pot stocks helping out this mess but paper losses are dire for me.

[deanroberthunt] 07/9/2018 14:03

82p has to hold, or it's 60p

[stevedaytrader] 07/9/2018 14:00

Mon farms good which is bad for gold, ftse slides again which is bad for CEY. Just enjoy the weekend sun, and hope for some good commentary to mitigate the poor news.

[ken tennis] 07/9/2018 13:03

Dmitribollokov what a fantastic name and I agree bloody brutal at present.

[ken tennis] 07/9/2018 13:01

Bor 491 I think most are in the same position licking their wounds at the moment including me, but its not a problem long as you don't need the cash quickly.

[tombillion1] 07/9/2018 13:00

under 80p for me to look at it again I got out in time .. Prefer a mixed fund now like Old mutual gold and silver GBP Miners/ Physical gold silver mix and no dealing charges. Ideal for small top ups

[dmitribollokov] 07/9/2018 12:41

This is brutal

[bor491] 07/9/2018 12:19

is this a supposedly roaring bull market? I don't see it at all. I'm heavily down on most of my stock positions including blue chip stocks

[bashor] 07/9/2018 11:59

Looks a bit of a bargain here, sooner or later the sentiment towards gold will turn

[alamaison5] 07/9/2018 11:59

Nope, 89p for me.

[deanroberthunt] 07/9/2018 11:40

90 about to go