Centamin Share Discussion Threads

[laurence llewelyn binliner] 20/2/2019 08:42

130p paid.... :o)

Here we go ahead of the financials, guidance and dividend news on Monday..!

[bocase] 20/2/2019 08:19

trader 365:

Is that language necessary on a public board?

Filtered.

[ken tennis] 20/2/2019 06:37

Correction before someone pulls me on it silver 16.086 high at around 3.00 am

[ken tennis] 20/2/2019 06:34

KENNYP looks like a good day is coming I see gold hit 1346.80 in early Asian trade and silver 16.6 I took a few more fres at close last night so hope for a jump up on open.
Can’t wait for GLEN results if 320 is hit it’s a champagne breakfast for me today haha lol

[kennyp52] 20/2/2019 02:29

For those that don’t want to pay the £3 a month ... look back on this thread as it seems Questor have read it 😂

[spacedust] 19/2/2019 18:44

Cey will smash through 130p tomorroe

[spacedust] 19/2/2019 18:44

Didn't someone say esrlier today that gold would move sharply from 1330 to 1340

[podgyted] 19/2/2019 18:31

I, for one, surrender.

[astjgroom] 19/2/2019 17:53

Resistance at $1347. Resistance is futile.

[podgyted] 19/2/2019 17:53

Gold on fire.

If CEY can give a good 2019 production forecast the share price has a lot of miles yet to go.

Good Luck All

[ukgeorge] 19/2/2019 16:17

Thanks Dr know,

Blue skies now :)

[dr know] 19/2/2019 15:37

For those who are too mean to pay £3/month for balanced, incisive, common sense reporting and analysis 😉 here is the Questor article referred to above.


Questor’s suspicion that the global recovery’s reliance on cheap debt means it is destined to falter, and that central banks will capitulate and return to lower interest rates and quantitative easing to keep the show on the road, is arguably being borne out.As a result we are inclined to stick with gold and seek another way to play it. After a difficult 2018 Centamin and its Sukari mine in Egypt may just fit the bill.

Full-year results for 2018 are due next week and any investors of a nervous disposition may like to read them first, especially as Centamin lowered production guidance three times in 2018, from 560,000 ounces to 472,500.
It would therefore be a good start if the firm started to overcome those operational issues, although analysts believe it remained profitable and cash generative despite the setbacks. A clearer run, coupled with any further gains in the gold price itself, could fire the share price higher.

The company’s $300m (£232m) or so in cash and lack of debt provide some welcome protection should there be any further missteps, as does the decent yield (though note that Centamin’s 2018 dividend will be lower than 2017’s). Gold mining stocks may still be out of fashion but two big mergers have gone through recently, so gold executives seem to think there is value to be had in the sector.

Barrick Gold bought Randgold Resources, then a member of the FTSE 100, in a $6bn all-stock deal late last year, and last month Newmont Mining swooped for Goldcorp in a $10bn cash-and-shares transaction.

Centamin does not have a dominant shareholder who could block any approach, although a deal would be a bonus and is not part of our investment case. The same applies to any news from the exploratory sites in Côte d’Ivoire and Burkina Faso.
The risks are clear. A marked drop in the gold price below $1,300 could prompt commodity traders to run for cover, putting more pressure on the metal, while any further cuts to output guidance from the company are unlikely to go down well. Analysts currently expect production to exceed 530,000 ounces in 2019.

Gold miners are risky stocks and not suitable for all investors, but Centamin offers both a turnaround story and potentially valuable exposure to bullion if central banks lose their nerve and it comes back into fashion.

Questor says: buy

[bocase] 19/2/2019 15:01

ken Tennis:

Yes I added too, first thing this morning. Obviously gold is rising but a 'questor' tip always help and might underpin gains for a few days from traditional, slow to react investors, as opposed to the on line variety.

[borisjohnsonshair] 19/2/2019 14:46

Up and up is ok. I can live with that and no noise.

[ken tennis] 19/2/2019 14:27

Dusty you love the mountain swoooooooosh don't you haha

Bocase great call this morning thanks for the tip I added just after open.

Gold at new highs on dollar weakness the dow has to have a selloff soon its moved up too rapid since new year.

Nearly 14.30

[spacedust] 19/2/2019 14:13

Needs to be 230pm first....why don't u get back to broken mountain

[borisjohnsonshair] 19/2/2019 13:54

It will be 3pm soon

[philanderer] 19/2/2019 13:49

Questor tip in The Telegraph..

[spacedust] 19/2/2019 13:36

1331. 1340 soon

[spacedust] 19/2/2019 13:36

Are you talking about soundwaves?

[borisjohnsonshair] 19/2/2019 13:04

Don't just think I'm terms of direction. I'd like it to move in the form of sounds.

[spacedust] 19/2/2019 12:34

I can see a big swoosh up at some point between 130p to 160p