Centamin Share Discussion Threads

[kennyp52] 25/10/2018 20:12

Agree casual47 145k in final quarter bodes well . With more production coming on line from the Cleopatra site it could be a gold mine !! Correction today is understandable

[grahamwales] 25/10/2018 16:47

Hey spacedust so this is where you hang out. Guess you have shares here hence you pumping. Tut tut and you do your dirty work over on TLY shame on you

[casual47] 25/10/2018 12:15

Patience.

Last time gold was where it is now CEY was bouncing between 115-120p. That was before the second profit warning and q2/interim results, after which 115p quickly gave out being the support.

It is not unreasonable for CEY to be restrained at 105p given all that plus the disappointing q3 production results.

We know q3 results are likely to be disappointing also so we may even see folk get cold feet and CEY dip down to 100p and perhaps just under just before result day.

But the prize here is 580-600k+ gold production next year.

Next milestones to look out for:
1. Second week of November:
EMRA payment for October (needs to be well above $10m to indicate AISC is returning to normal)
2. End of 2018: 2019 production guidance
3. Q4/Q1 2019 results.

[juju44] 25/10/2018 11:45

Disappointing considering where gold is at

[oli12] 25/10/2018 08:56

The POG rising nicely - expect CEY to keep moving upwards, it’s being held back slightly due to the uncertainty surrounding production - if CEY can demonstrate the problems are behind them then we should see a nice rerate.

[ukgeorge] 25/10/2018 08:54

looks like it is about to breakout :)

Sod 110p 120p looks more likely

[ukgeorge] 25/10/2018 08:54

looks like it is about to breakout :)

Sod 110p 120p looks more likely

[qs99] 25/10/2018 07:31

will this get past £1.10?

[oli12] 24/10/2018 15:16

Might finish blue. Edit. Might not.

[ken tennis] 24/10/2018 07:28

This Could Push Gold To $1,500 - Analyst

[gaffer73] 23/10/2018 21:28

Hey Kenny, do you realise your picture is upside down?

[kennyp52] 23/10/2018 21:16

Gold price has dropped post UK trading so no doubt another yo-yo on the opening ? I’ll give this share something ... it’s exciting and quite addictive

[kennyp52] 23/10/2018 21:04

People can post all they want about cold wars , Brexit and gold being the safe haven but if Centamin do not produce the ounces in Q4 there will be big questions being asked of management . IMO they are back on track but there are no facts to back this up yet and the share will go up and down like a yo-yo until they prove they can hit the production targets .

[oli12] 23/10/2018 19:34

I have always found the old cliche buy on the rumour and sell on the fact a reliable one. I think the current price reflects what we know year todate and going forward things should improve - anticipation that CEY has turned the corner and is back on track will only come with Q4 production and management saying that October was inline with expectations. Anything else could cause jitters. The current price reflects the performance year to day - the market is always looking ahead. That said if the share price dipped again it would still be cheap even if CEY only produced at the lower end of expectations. Let’s see, this is a buy and hold until the middle of next year.

[mattboxy] 23/10/2018 18:54

OliIn principle I agree with you and if next year sees the problems behind us I see a decent return from today's levels. The one thing that concerns me short term is what will happen on Nov 1st when Q3 is confirmed. The shares fell heavily on both Q2 prelims and H1 results . Will they fall on Q3 confirmed results? Also the full year figures and final dividend have the potential to both disappoint for this year and show great promise for next year. I think the dividend will be reduced and probably not bolstered from the cash pile and wonder if the market will focus on that or the hopefully much improved Q4 production figures. After both of these I have high hopes for next year but I'm feel that for now we will yo-yo around for a couple of months!What do you think?

[oli12] 23/10/2018 15:36

Providing there are no more nasty surprises then people will start to take positions here in anticipation of increased production in 2019.( Q4 will be the barometer) If the PoG continues this upward trend we could see a significant re rate. That said the gold is either in the ground or it is not, you cannot guarantee recovery rates.

[casual47] 23/10/2018 15:26

A lot of things would have to go wrong for CEY not to be in a much better place this time next year.

Things may be a bit sluggish between now and 2019 guidance / q4 results / 2019 q1 results so best not be impatient. Hold for gold.

[spacedust] 23/10/2018 15:11

Charles I agree. 127p and then if all is well the 140p at some point this year. Gold 1300????

[casual47] 23/10/2018 15:10

We probably need to be on the other side of the q3 results to overcome resistance.

[charles clore] 23/10/2018 15:08

space - I still think the IHS to 127p is in play here (and then more). But patience is something I still have to learn, lol

[spacedust] 23/10/2018 14:39

More than RRS. Honestly you chat rubbish. CEY doing much better than loads of others.

[spacedust] 23/10/2018 14:36

More than ACA

[spacedust] 23/10/2018 14:28

More than hgm and few others

[spacedust] 23/10/2018 14:26

It's up more than fres