Centamin Share Discussion Threads

[wallywoo] 12/9/2019 10:30

Production is always tricky to forecast 100% correct in the short term. To me there are lots of hidden gems here:

1) the balance sheet is easily the strongest for a mid-tier gold miner, which means they can expand with ease

2) Exploration has been consistent and successful in Egypt and Cote D'Ivoire and Burkina Faso

3) Egypt have been revamping their approach to encouraging mining investment. I think the new terms will be more attractive and CEY have to be a front runner with all their infrastructure in country

4) The PEA has been delayed on Cote D'Ivoire mine (should of been Q1!) I think that must be for a good reason, when it comes it will be significant news. This is a $100M investment todate and should be a great asset.

5) I am a huge gold price bull now, when it reaches $1700+ again in 6 months the gold sector in general will rerate, and CEY have got to be a major target for investors

[phillis] 12/9/2019 10:28

Q3 production to be lower than Q2 2019•Q3 to date lower than expected with September improving

Nuff said

Change of management coming

[ukgeorge] 12/9/2019 10:24

The presentation is for the Denver gold conference which is next week.

Fenners you are nitpicking.

[littlepuppi7] 12/9/2019 10:13

Srb where the action is chaps if you want to multibag. This is a slow burner. Srb is about to be transformed.

[qs99] 12/9/2019 10:06

RNS this morning, so not sure "leaked" but there seems to be "new" information in it, but if there was any form of profit warning, they would have to provide it no, so does that not mean that numbers should be in line with expectations? DYOR

[davius] 12/9/2019 10:00

Weakness in share price recently could be partly (besides the weaker gold price) down to news leaking of the investor presentation, indicating a weaker third quarter below expectations, and yearly production at the lower end of guidance range.

• Annual production expected towards the lower end of FY19 range
• Unit costs expected around the midpoint of FY19 range
• Q3 production to be lower than Q2 2019
• Q3 to date lower than expected with September improving
• Free cash flow generation expected to be stronger in H2 vs H1 2019
• Further changes in key operational personnel

2020-21 Baseline Outlook

Gold Production 510koz - 540koz pa
Cash Costs US$630 - US$680/oz
AISC US$870 - US$920/oz

www.centamin.com/~/media/Files/C/Centamin/documents/presentations/2019/CEY%20-%20EFG%20Hermes%20Presentation_120919%20vFINAL.pdf

[larry laffer] 12/9/2019 08:23

Today’s presentation isn’t a good read.

Q3 less than Q2

FY19 expected to be at the lower end of forecast.

Not out of the mire yet then.

[johnrxx99] 12/9/2019 07:50

Gosh, it's so lonely here :-)

[creditcrunchies] 11/9/2019 21:36

not only that he's called the Federal Reserve "boneheads" he's also proposing more QE, more tax cuts. He's so desperate to get re-elected he wants all ammo used up which is extremely worrying because if there is a crisis there isn't any mechanism left to save it. The positive is gold whenever Trump tweets gold just goes up again, so whilst Trump is still president gold is the safest bet.

[kennyp52] 11/9/2019 21:24

@realDonaldTrump
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....

Donald J. Trump
✔
@realDonaldTrump
....The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.221;

Got to love him ! Or not !!

[alangrifbang] 11/9/2019 21:10

Well you seem to know everything so guess!!

[plat hunter] 11/9/2019 20:45

Is that the royal we or you speaking for everyone Alan?

[alangrifbang] 11/9/2019 12:29

We will listen to common sense but not from you!

[plat hunter] 11/9/2019 09:25

SRB's double top and chart action is almost identical to CEY's.

[plat hunter] 11/9/2019 08:35

Yes Cinque....

Closing off the position banks the traders profit or loss, so they can open it again at a slightly better price than closing.

The same action as trading profit in a rising market. Just on the sell side instead of the buy

[plat hunter] 11/9/2019 08:32

People like Kenny ignore the fact that a stock can be traded in both directions by the same entity.

Don't listen to anyone on the Internet who wants you to spend money... BASIC COMMON SENSE.

[cinquepercento] 11/9/2019 08:31

Hello,Plat Hunter,
Do you mean that shorters have closed their positions to cause the brief spike and now back down to within the weeks trend?

[plat hunter] 11/9/2019 08:29

Morning Cinque... Looks like a roll over of shorts to me. I'd be surprised if CEY stays positive by the end of play

[kennyp52] 11/9/2019 08:27

Precisely Cinque . Too many investors are lazy and will be easily lead instead of doing their own research and making more informed decisions . The “bashers”; prey on this and can manipulate sentiment IMHO . People need to be careful who they listen to.

[cinquepercento] 11/9/2019 08:23

Kennyp52

I have just read your "https://www.investopedia.com/terms/s/stockbasher.asp"
website post.
It is very interesting and confirms what I have suspected or believed for years now.

They push it up and they push it down to manipulate the price, which is why we have to make our own studies and evaluation of a share,look at it's history etc.

Let's not forget the really big stock bashers like Goldman Sachs who has pushed many big shares down,quite openly,so that they and their cronies can buy the stock up cheaply or short it. For legal reasons,this is only my opinion.

[kennyp52] 11/9/2019 08:09

hxxps://www.investopedia.com/terms/s/stockbasher.asp

[cinquepercento] 11/9/2019 08:08

Back up to 138 or so but still just within the week's downward trend so far.

[johnrxx99] 11/9/2019 07:38

IMO, when the Donald stays quiet, gold goes down. When he does the America first thing, it goes up. Add to that Brexit starting to look more like a deal (Irish factor) and gold will go down.

Gold is anti-cyclical. It is a hedge. For those in miners, there are other microeconomic factors but in general if gold is weak, the likes of JPM will be back playing it down.

Anyway, good luck most.