Centamin Share Discussion Threads

[borisjohnsonshair] 03/4/2019 09:49

Yep - not one trick pony.

[kennyp52] 03/4/2019 09:43

Good and very valid point Wallywoo . Add Cote D’Ivoire increased resource and tot it all up and you will get a proper share price .

[wallywoo] 03/4/2019 09:29

Burkina Faso assets are long forgotten and under valued for CEY.

CEY took over these assets at the end of 2013, when the gold price was around $1100. In an all share deal for around $50M. They have spent $10-$15M per year on it for the last 5 years. It is now getting close to moving forward, with a major study announcement in the next month or so.

All anyone looks at is historical EPS and divi, but this company has lots of hidden gems IMO. I think the rest of the mid tier gold miners would think this too, so Takeover at these prices very possible. Any one notice the last director RNS, was for someone who used to work for Endeavour Mining! Interesting tie up for CEY

[borisjohnsonshair] 03/4/2019 09:07

Wait til a little later as CBBIES is good for the next hour.

[borisjohnsonshair] 03/4/2019 09:06

Have a chat with an adult about CEY as they might be able to help you understand better. It's good you show an interest in equity at such a young age. If you grow up you might make some money.

[stevedaytrader] 03/4/2019 08:59

Quick scan of this board... I'm in for the news. Worth a gamble in my view. Good luck to all those who will be in for this and can use last few months profit from trading to cover any downside, or make a big profit- only time will tell, but as always, a gamble. Nothing on this board has made me change my mind, but some are interesting reading.

[plat hunter] 03/4/2019 08:36

Yes filter away so you can inanely ramp something that is hemorrhaging it's cash flow and has insufficient production to fund working capital and dividend cover.

Lets see how that works out for you lolzz

Bet you wish you had lumped in on ACA instead don't you

[borisjohnsonshair] 03/4/2019 08:33

That's what I said yday.

[jfishy55] 03/4/2019 08:30

"How is that increased resource being paid for?"

That's what the $300m cash pile is for, by maintaining it CEY can ensure it doesn't need to take on debt or issue paper to take other projects into production.

As for EPS etc, as someone else pointed out, the dividend depends entirely on how much gold was dug out of the ground & sold. If there is a good run as in 2016 the figures will look great...if 2019 is the same as 2018 then the figures are not great.

We already know that Q1 output will not be a quarter of 2019 annual guidance but do expect higher figures in H2. So I think the share price will rise gently through the year...however, I didn't think it would drop from 180p so who knows!

Political risk is the only real issue I see - will CEY finally see a resolution of the court case / Law 32 etc? However, POG may have an influence if it moves solidly in any direction.

Personally I'm bullish and am thinking about buying a few more for my ISA on the 6th.

[borisjohnsonshair] 03/4/2019 08:23

If you are so mature, I dare you for a fight

[plat hunter] 03/4/2019 08:12

Boris your conduct here shows you to be very immature or seriously underwater, possibly both.It's certainly not rational or adult like

[borisjohnsonshair] 03/4/2019 07:49

I hope you are short because the West Africa news is being drafted.

[plat hunter] 03/4/2019 06:45

How is that increased resource being paid for?

[kennyp52] 02/4/2019 21:47

Boris ... he is constantly negative . Think he is one of them guys that goes to Thailand to find a friend . Know what I mean . 50p ! There’s another couple of clowns sprouting 70p and sub 80p . Efforts to drive this share down just not materialising on current known facts so it will take another production disaster to sink it further . If that materialises even I could lose faith in CEY . Then again the increased resource in Cote D’Ivoire and Burkino Faso around the corner the future could be very bright indeed .

[borisjohnsonshair] 02/4/2019 20:49

Yes ..... for sure but buy and hold value and you'll be a winner. Find value, patience, rinse and repeat. Easy fxxxxxx peasy.

[trader365] 02/4/2019 20:30

Share price does not necessarily reflect value, cheap can get cheaper and cheaper

[borisjohnsonshair] 02/4/2019 19:50

Wally, I agree with you though

[borisjohnsonshair] 02/4/2019 19:50

We aren't ex-div

[mattboxy] 02/4/2019 19:12

Short are we! You must be huge in the financial world with the way that everyone hangs on your very word. I for one await your next incredible comment with huge anticipation Please please tell us more.......