Centamin Share Discussion Threads

[larry laffer] 14/2/2019 14:34

What it needs is the site visit analysts to start texting the office and advise them to get in quick........if anybody knows what’s happening it will be them.

That assumes they have stopped binging on our steak and champers provided free by gold_r_us

[gotnorolex] 14/2/2019 14:30

Comme ci, comme ça!

[martinfrench] 14/2/2019 13:56

Nope, golden cross will be monday more like

50 day 113.0667

200 day 113.6558

Increasing by approx 0.2 a day

[cottlet] 14/2/2019 13:45

no.....Valentines day!!

[gotnorolex] 14/2/2019 12:49

Golden Cross Day!

[larry laffer] 14/2/2019 09:52

Kennyp52

EOY results & divi’s, like you say Are the major players to influence the share price.

But this years “events” will tell us and the market a little bit about the ability of the company to operate efficiently and to manage “risk” in the mining process.

For example

One of the improvements claimed is the replacement of some of the underground labour, resulting in an improvement to the operation. What were the supervisors and managers doing whilst the rogue employees where remaking havoc. Asleep at the wheel springs to mind.

Who did the risk assessment for critical failure analysis, particularly the LHDR failure. $6m dollars for a spare is peanuts in this type of operation. What other critical spares haven’t they ordered.

I’d be interested in their answers as that will tell us much more about the current corporate culture than just passing them off as “dealt with”.

[kennyp52] 13/2/2019 22:24

Still say guys that the EOY results and dividend have far more bearing on a gold miners share price than charts . The charts I think help in between news releases but otherwise the POG and production figures / quality of gold content is what the real share price will be driven by and on that front let’s hope the production targets are met when releases and might just be backed up by January’s production. I do think this will hit 120+ as we come up to the release date but it’s still a possible yo-yo if the figures are below expectation.

[laurence llewelyn binliner] 13/2/2019 16:45

Boris...., great handle there.. :o)

Do you style it yourself, in the dark, wearing boxing gloves using an egg whisk and fly spray..?

[borisjohnsonshair] 13/2/2019 16:03

Being up including 2008 is no big deal. I bet you haven't beaten the market but a long margin. Kiddy messing around with pocket money,

[borisjohnsonshair] 13/2/2019 16:00

What a load of tosh. Picking up penny's in front of a steam roller .

[bedruthan] 13/2/2019 15:49

China stocking up on Gold!

hxxps://www.rt.com/business/451259-china-expands-gold-reserves/

[laurence llewelyn binliner] 13/2/2019 14:26

#UKGeorge, yes round or there about, with 1.15BN shares issued it gets expensive, Q4 was very profitable with 137,400 Ounces so we will have plenty of cash from the quarter to add to the dividend pot, and still keep our core USD250M cash..

4/5c is fine, 6c would be great.. :o), only 10 days until we find out..

[ukgeorge] 13/2/2019 12:11

For what it is worth I think the dividend will be 4.5c max 5.5c.

4.5 cents would be $52M, Cash at Sept was $292M - $250M, then assume they use some of q4 profit.

2019 should be a more profitable year.

[mattboxy] 13/2/2019 10:28

Yes I agree, I was mainly highlighting that this is the first time that the company has mentioned maintaining $250m cash instead of $250-300mIt gives me more confidence that they are prepared to use the $49m to help bolster last years poorer FCF and hence still pay a reasonable divvyQuoting a current yield of 8.4% would look stupid as well if in the next few weeks they pay a much lower dividend and the yield drops dramatically

[bocase] 13/2/2019 08:51

I see there is a tour and presentation to analysts on site today and tomorrow.

This will hopefully give CEY a boost.

The presentation will be available later on the company website

[laurence llewelyn binliner] 13/2/2019 08:11

#mattboxy, won't be long until we find out, but the company is gearing up for the 25.02.2019 FY results and getting the analysts primed ready to crunch their projections.. :o)

Q4 FCF should be robust to add to the dividend pot as we are pretty much back on track to 540/550KOz for FY2019 (tbc)..

[trader365] 13/2/2019 08:03

Ken tennis - despite losing money on 43.21% of my trades have remained a consistently profitable trader (every year including 2008) for 15 years. I've achieved this by cutting my losses quickly and allowing my profitable trades to run, that way I limit the downside while leaving the upside unlimited. AYM only 7% spread is better than the 15% spread when I bought @1.6p. Yes you're correct I've a lot to learn, we can't all know it all.

I take it you're quite new to trading?

[mattboxy] 13/2/2019 07:58

2 things in today's presentation Maintain a strong, flexible balance sheet of a minimum US$250 million in cash• As at 31 September 2018, US$292.2m cash and liquid assets(1,2) , after payment of US$28.9minterim dividendAlso they quote current yield 8.4% Both suggest they are willing to use some of the cash pile to bolster the divvy and keep reserves at $250mTherefore we have $49.2m plus 30-100% of FCF Aone know what that equates to?

[ken tennis] 13/2/2019 05:27

Trader 365 nobody has 100% win ratio, there have been times when I have had to cut my losses quickly if it goes against me we both know that.
I only trade a stock when it’s in a distinct up motion like CEY is and I try to pick range patterns as they develop like the one its now between 116.6 and 118.5 I put a limit order in at 116.7 just inside the range then a sell order at 118
Then just do the same again all the time my core holdings there for insurance I case it moves up quickly.
As your name depicts you should already know this strategy if your a real trader LOL👍

[trader365] 12/2/2019 21:33

Ken tennis - are you saying you have a 100% win ratio? If not at what point do you exit a trade if the price moves against you?

[ken tennis] 12/2/2019 19:06

Martinfrench well said at least there’s a couple of people know the meaning of making money.

Martin I’ve always said that I hold a core holding of 58k shares which is part of my diversified portfolio, I don’t touch these.

I just play with CEY as there’s no stamp to buy and sell 15000 shares it costs me £12 total so if I make a quick 1.3p that gives me good profits and if you can keep doing it regular it gives a reasonable return over say 10 trades.

I totally agree to buy 2000 shares your wasting your time.
Anyway DXY has steered selling off this evening so may be good for OMs tomorrow.