Centamin Share Discussion Threads

[shieldbug] 10/9/2018 14:33

From interim results the last 3 months to June 30th 2018 the cash cost was $714/oz and the AISC (All in sustaining costs) were $1,073/oz. This was for the transition zone period and hopefully the next quarters these costs will come down again. (The comparative period to june 2017 had AISC costs of $829/oz. The AISC for year 2017 was $790 and for the 2016 was $694.) So we have seen progressively increasing costs. Once we are through the transition zone and with issues in the underground mine resolved we could see lower AISC costs - but this is yet to be proved.

[casual47] 10/9/2018 14:16

People seem to forget that they are producing 500k+ oz pa at one of the lowest AISC/TCC in the industry and even at a POG of $1000 would be profitable.....

[mattboxy] 10/9/2018 14:12

Deanroberthunt 10-20p is a market cap of £115-230million and they have $300 million in the bankThat is a ridiculous statement even if they stop mining they are worth the cash alone. Stop scaremongering!

[casual47] 10/9/2018 13:05

The bull run reference I made earlier was with regards to the stock market (blue chip etc), not gold/miners.

If the stock market goes bearish then gold will look a lot more attractive.

Right now the NASDAQ etc are on their longest bull run in history.

[juju44] 10/9/2018 13:00

Hmm , so a fall from 180p to 60p is not a bear market . Would it then be a bull run ?

[casual47] 10/9/2018 12:58

If the shareprice swings as wildly as 100%+ gains and 80% losses then just sitting on it does seem a bit irrational.

[haughtonhoney] 10/9/2018 12:18

Does it really matter if you are just sitting on these shares and taking the dividends every six months?The mine life is a long one.

[lodgeview] 10/9/2018 12:08

Blue finish here.

[deanroberthunt] 10/9/2018 11:46

final capitulation should see this at 60p, unless this is now a bear market, then 10-20p

[deanroberthunt] 10/9/2018 11:44

has he built that wall yet? or even broke ground!?!

[juju44] 10/9/2018 11:38

Trump has mede America great again so Dow will just keep going up

[deanroberthunt] 10/9/2018 11:35

yep, 12 years.....far too long...

[casual47] 10/9/2018 11:28

An unprecedented bull-run and some people are still thinking the good times will never end...

See also:

[cflather2000] 10/9/2018 11:14

The supply of gold is an interesting topic, as gold doesn't get 'used' so much as stored.So, when cooper supply and demand is spoken about, the supply is mainly what's being dug up right now.With gold, almost all gold ever created is still in existence as gold, and can re-enter the market at any time as supply

[rovi70] 10/9/2018 11:13

well its time to buy, far to low, gold buying time will start soon.

[casual47] 10/9/2018 10:56

Don't forget that all the gold produced in China stays in China, also e.g. Russian government buys up all the gold.

So world production of gold does not equate gold for sale on open market.

[jfishy55] 10/9/2018 10:53

"gold back to 1000"

It seems to me that gold must have a floor. As the price of gold drops, so more and more mines have to stop producing and move to care & maintenance as they can't get the AU out of the ground for less than they can sell it for.

So, as gold drops so supply will drop but demand will be unaffected, meaning that gold can only drop so far.

CEY has forecast cash costs per oz for 2018 of $625 to 640 which is much lower than many mines.

[1corrado] 10/9/2018 10:00

Keep coming down,I have a stinky email to centanim to tell them our feeling of then the BOD nothing nothing to help recovery if I have a reply will pass them to you all.

[1corrado] 10/9/2018 07:15

I wonder what this week will bring?I hope it will be 95p+ and is not asking much................................

[bashor] 08/9/2018 23:20

I’ll be adding large here after Tuesday when I expect to take profits from my SUN (Surgical innovations) trade, already a holder and happy to average down, Gold will turn history shows it, this bubble is bigger than the last

[garycook] 08/9/2018 13:48

lodgeview,I can remember you moaning on the PFC thread.But now PFC has recovered 50%.The same will happen with CEY,you just need to give it time and patience.It will recover.My advice to you,is that you need to invest in Investment Trusts,seeing you are such a bad Stock picker.

[lodgeview] 08/9/2018 13:36

Should I be worried about my investment here? Everything I buy, even blue chip stocks, seem to have plunged leaving me thousands down!

[casual47] 07/9/2018 16:45

Have a great weekend, Fangs.

[fangorn2] 07/9/2018 16:41

"But beyond that why should I worry about whether Sisi will be in power in 10 months time?"

Because he could be gone overnight! Having lived in North Africa /Middle East it's a powder keg waiting to explode.


"I would be less worried about CEY if they had a producing, cash flow positive asset outside of Egypt"

True. Concur with this but what are the chances of buying such cash flow positive asset for a reasonable price? They'd be more likely to buy an asset cheap if it was yet to be developed..ie needed Capex spend to get to production phase.

Anyway, interesting chat.

Off out now.

[casual47] 07/9/2018 16:35

Fangorn, sure. You worry about it in the sense that you make sure it's a sensible part of your portfolio etc etc. And reduce/increase depending on the situation. But beyond that why should I worry about whether Sisi will be in power in 10 months time?

I would be less worried about CEY if they had a producing, cash flow positive asset outside of Egypt.