Centamin Share Discussion Threads

[borisjohnsonshair] 04/4/2019 19:16

If you understand the fundamentals you wouldn't be stressed. I've got many many more than you and am not in the black but want to own at this price as it under valued without considering all the massive great surprises that could come out the blue, or an aggressive takeover bid. History can't be changed, so I look at the risk / reward now. Not a tricky decision.

[ukgeorge] 04/4/2019 15:36

According to google a MW of solar costs about $1-1.2M so the 40MW plant will likely cost around $50M. I have no idea what it would cost on an ongoing basis or how efficient it will be. Hopefully they will release the feasibility study on sedar when it arrives. Currently 19% of costs are fuel related. It will be interesting to see how much this can be reduced.




▪ Solar plant detailed design feasibility study:
▪ Tender process complete: BRE-GEN appointed
▪ Feasibility for 40MW(AC) plant near completion,
assessing modular build
▪ Indicative material cost savings
▪ Project build subject to Board approval (Q2 2019)

[wallywoo] 04/4/2019 14:45

Trader Burkina Faso and Côte d'Ivoire currently have nearly 5M ounces in reserves!



The future gold price is a much debated subject. It is true that the summer last yr was not a good one, but actually the summer months have often been the start of mega breakouts for gold. I for one believe that the world is in a precarious position, which is great for gold, not so much for the markets.

I personally like the 20 yr gold chart which shows a convergence of the 20 uptrend against the last 6 year downtrend. Expect a year of serious change with gold IMO

Without exception the worst months for gold are November and December.

Think all this silliness will stop after the AGM

[trader365] 04/4/2019 13:54

The resources in Burkina Faso and Côte d'Ivoire are not currently of a sufficient size to convert into a reserve

[plat hunter] 04/4/2019 13:50

There's more to it than charts of course but for the sake of taking on board everything.. If you overlay the current chart, post drop from 136 and place it over the top of the chart post the chart post the drop from the 160 then they look identical and indicate 20% downside from here.

[plat hunter] 04/4/2019 13:48

no one is perfect DT and we all make mistakes and call it wrong. I've done it enough times and when I have done it previously, it's usually because I've got carried away with people like Boris.

His conduct needs to come with a wealth warning

[plat hunter] 04/4/2019 13:43

Boris will be found wanting here and eating his own rug

[wallywoo] 04/4/2019 13:12

Not long to wait guys AGM and Q1 update on Monday. Lets wait and see, rather than squabbling on where we are. That will sort the short term direction here, IMO

[dt1010] 04/4/2019 13:08

Er. What planet are you on Boris, with respect? You have to take account of the facts. This is out of favour. Perhaps it will recover sooner than within three quarters but the share price action of late shows very little trust in the company by investors. Stop being childish frankly, wake up and get real.

[dt1010] 04/4/2019 12:55

Fact is the City has lost trust.

To win it back we need three straight quarters of good performance.

[plat hunter] 04/4/2019 12:00

Boris, stip being a moron and trying to dictate how everybody should view this.. It's scummy, perverse and immature.

[borisjohnsonshair] 04/4/2019 11:31

You are bipolar. Get a grip.

[dt1010] 04/4/2019 11:14

One bit of bad news and this plummets again into the low 70s

What you are ignoring is lower grades of gold and higher costs and the failure of management.

All key factors.

[wallywoo] 04/4/2019 11:09

Investing at this level would of made you 20% profit, 3 times last year and I don't see any different this year. Of course bottom fishing is tricky stuff and only for the brave, but the rewards are worth it. IMO bottom fishing traps are where:

1) there is too much debt
2) The company pays a unsustainable dividend
3) the company future prospects / market is in decline

I don't see any of that happening here

[dt1010] 04/4/2019 10:58

Investing in stocks that have fallen more than 20pc in a day is a poor strategy for investors, according to data from research firm Morningstar for Telegraph Money.

The phrase “buy the dips” is a common one, but snapping up companies that have fallen a lot in a short space of time, in the hope of a quick rebound, typically fails.

People tend to be attracted to anything that is on sale, but a stock falling in price by 20pc is often a sign of underlying problems.

Our research looked at what would have happened if you had bought £1,000 worth of shares in a British stock each time it fell 20pc in a single day over the past year. Around £32,000 would have been invested, but this would now only be worth £21,800, a loss of 31pc.

Torygraph

[borisjohnsonshair] 04/4/2019 09:54

I couldn't agree more.

[wiltowin] 04/4/2019 09:40

Toronto ticker is TSX CEE Boris.

[wallywoo] 04/4/2019 09:32

Cash being burned? lol they are a cash machine will generate $100M + in 2019.

Poor production 500 ounces!

You just need patience. This will not fall down past this point. It is just out of favour. Gold miners are easy to predict once they get through the low grade ore they produce more, and CEY's production in 2019 will be fine. The higher the grade the lower the production cost. Higher grades this year and next 3 yrs

Personally think this will be taken over / merged soon