Centamin Share Discussion Threads

[azalea] 13/7/2020 07:24

Skinny
Fantastic report. With the AISC of $900, the combination of the p.o.g predicted to start to take off and expectations of meeting 2020 full year guidance, Q4 results should see the share price easily top 200p.

[larry laffer] 13/7/2020 07:22

115,000 Oz of gold was in the share price so 130,000 should see a decent rise today.

[larry laffer] 13/7/2020 07:21

Can’t see a bad number at all in the quarterly update.....

Should be a good day today.

Two more bits of good news to come as well. Dividend declaration in August & EMRA bid round results in September.

£2 looks to be history.

£3 is beginning to look challenging but in reach if things keep improving and gold price hits new highs.

[skinny] 13/7/2020 07:05

.

HIGHLIGHTS[2]

· Group lost time injury frequency rate ("LTIFR") for the second quarter ("Q2") of 0.21 per 200,000 workplace hours

· To date the operations, supply chain and gold shipments have not been materially impacted by COVID-19. Safeguarding the health and wellbeing of our workforce is the top priority, and the Company has implemented a preventative internal COVID-19 screening programme for all personnel at the Sukari Gold Mine ("Sukari"), utilising the track, trace, isolate approach

· Gold production[3] for Q2 of 130,994 ounces from Sukari was above forecast primarily due to higher mill feed grades and, as a precautionary measure due to COVID-19, the deferral of plant maintenance shutdowns to Q3 and therefore reducing the volume of third-party on-site access. This brings production for the first six months of the year ("H1") to 256,084 ounces

· Cash costs for Q2 of US$625 per ounce produced (H1: US$642/oz) and all-in sustaining costs ("AISC") of US$900 per ounce sold (H1: US$901/oz), ahead of schedule and reflecting increased production volumes

· On track to meet 2020 full year guidance[4]. Full year production range narrowed to between 510,000-525,000 ounces of gold; cost guidance is unchanged with cash costs forecasted between US$630-680 per ounce produced and AISC forecasted between US$870-920 per ounce sold

· Key projects progress as planned, including the underground infrastructure upgrades and construction of the second tailings storage facility ("TSF2")

· Adjusted free cash flow of US$56 million generated for Q2 (H1: US$102m)

· The Company has a strong balance sheet with cash and liquid assets[5] of US$367 million, as at 30 June 2020, after payment of the first interim dividend of $69million on 15 May 2020

· Half-year financial results, including the second interim dividend declaration, for the six months ended 30 June 2020, will be published on Tuesday 4 August 2020

more.....

[kennyp52] 12/7/2020 22:05

$1500 was quoted as a figure that CEY can comfortable churn substantial profits and free cashflow ...... anything above that is putting it into exceptional profitability . They still have resources in Burkino Faso and Cote D’Ivoire and a solar plant that can add to these profits . Cleopatra is on its doorstep . It would be far more interesting to talk about the company and its prospects than constant ramping of the gold price ...or are you not aware of these other dynamics ?

[azalea] 12/7/2020 08:13

I was focused on your words "Of course this may never happen". However, no worries.

[azalea] 11/7/2020 12:01

Umatingytribe

If one listens on You Tube to the views of a number of well known and very successful businessmen, who have a comprehensive understanding of matters relating to the U.S. economy, the overwhelming majority of them are predicting a very significant rise in the p.o.g. over the next 24 months. Whilst the fundamental reason for their views is based on the Feds printing trillions of dollars, they also include a 40% correction in the U.S. stock market and a 35% weakening in the value of the dollar.I would urge anyone investing in the stock market and especially in gold related stocks, who has not listened to the views expressed, to do so.
It costs you nothing and could save you from losing money and at the same time, make you some money.

[kennyp52] 10/7/2020 19:00

This sustained POG will mean CEY is likely to be paying very juicy dividends and if the trend holds or rises or even maintains an average over $1500 say for a couple of years then whilst many blue chip companies have already announced freezes on their dividends then CEY will be providing a steady income steam IMO . Surely this should be making the share even more attractive than the current share price ? Production is always a critical for CEY so will be looking closely come Monday . But I would not be surpriseD if this hits 220 later in the year . Good luck longs .

[azalea] 10/7/2020 16:58

Whilst the DJIA keeps a hold of its modest start today,for once the Nasdaq index is in the red, albeit slightly. IF that remains the case at the close, it could be a significant indicator.

[larry laffer] 10/7/2020 15:53

Doesn’t seem to be an exit through the doors which in itself is a bit unusual when you think it’s Friday afternoon. Q2 & H1 results due Monday at 7am.

Normally a few people would be out until after the RNS. Must be a degree of confidence now.

[podgyted] 10/7/2020 14:23

Am I the only one thinking that currently the most important factor here is whether they hit their Q2 production target of @ 115,000 Oz which will be reported on Monday? POG on the back-burner ATM.

[azalea] 10/7/2020 12:23

One of, if not the most important indicators of when and how high the p.o.g. is going, is when the value of the U.S. dollar starts to decline in relation to other currencies. If we see the Feds issuing even more huge Q.E. measures, it will only speed up the dollar's decline. The former could come about if the level of virus infections and resulting death climb significantly along with unemployment claims.

Edit: With the U.S. market just opened and the p.o.g rising -it might indicate what investors are doing with their money, against the backdrop of the above.

[skinny] 10/7/2020 09:35

Time to wheel these out again :-

[azalea] 10/7/2020 09:28

Alliance news:- With the U.S. posting 65,551 new virus cases on Thursday, case load of 3.1m and deaths rising to 133,195(1000 in the last 24 hrs), there are fears that deaths may follow the same trajectory as increased infections.

This data is likely to increase unemployment claims and lock downs across the country. IF, the Feds do not renew its Q.E. programme then many Americans who have been using the extra indiscriminate cash payments could stop investing in the stock markets, with both events causing a further fall in stock market indexes, in addition to those already incurred by lower industrial and business activities.

Edit: looks like buyers in CEY are racing back in as the share price recovers from its very temporary fall.

[huncher] 09/7/2020 16:10

Here comes the Fed smash

[martinfrench] 08/7/2020 20:01

and tomorrow "continuing jobless claims" out 1.30 pm (basically unemployment count)

based on all recent figures will beat expectations

[kennyp52] 08/7/2020 19:56

Azalea sprouting a possible fall in share price worked a treat then 😂

[martinfrench] 08/7/2020 18:13

Gold doing very well, I think prod numbers out Monday, not sure I'm brave enough to hold all till then, got the scars of the old days.

Cey lagging a bit, think will open up north of 190 tomorrow, gold rises here tend to take a few days to affect price properly.

Still, far and away, the best share to trade anywhere.