Centamin Share Discussion Threads

[plat hunter] 18/1/2021 16:13

Cheers Mark,

[markbelluk] 18/1/2021 15:49

Plat The times week ahead -

Interims U And I Group, Time Finance, Knights
Finals Watkin Jones
Trading updates Premier Foods, Kier Group, Experian, Henry Boot, Centamin

[plat hunter] 18/1/2021 15:25

Why does everyone think it's tomorrow?Have I missed/overlooked something?

[rougepierre] 18/1/2021 15:17

Total dividend of $104m for the year...

2nd December 2020:

"US$35 million as the 2020 final dividend, bringing the 2020 total dividend to US$104 million"

[picardy] 18/1/2021 14:35

Is there any consensus on what to look for tomorrow? TBH, having dropped so heavily this month, I would not be surprised with a blue day tomorrow regardless.

[stevedaytrader] 18/1/2021 13:30

Tcarter: still not heard any bad news since the big drops of October2020, so pleae state what the bad news is you've heard since the big drop. CEO webcast was good with demonstrable things in it (and no, I'm not going to relist what I posted after listening to it months ago). The only news I've heard very recently I've already commented on, again (if true) is upper end of guidance for quarter. If you map all other "similar companies" since the second/last October2020 drop we are broadly in line with them and impacted by usual impactors eg gold. Like everyone else, who makes sense on this board, none us know what will happen tomorrow. The options are broadly: 1)fall heavy on miss targets and more bad news which caused this 2)fall a bit, even if re-forecast targets are met, as you sometimes get a double dip for some bizarre reason on known news, although this tends to be short-lived 3)flat - meet targets 4)nice rise when targets are met at upper end (can happen following previous "slugs" of bad news), and RNS seen as a "shoring of the ship" along with targets met 5)large rise, targets exceeded with ensuing lower AISC, other news is good eg negotiation on licenses. None of us know what will happen, but as I holder I think somewhere between 4) and 5). The fear of missing out on a gain is far greater than a fear of a drop for tomorrow.

[rougepierre] 18/1/2021 13:12

Back into CEY big time at c114.6...had to buy in 'bitesize chunks'...couldn't even get 'Market Size' of 10,000 in any one go...had to do in 5,000s and a 6,000...

Now sits alongside HOC, GPM, WPM, PAAS, EQX and SOLG...bring on Precious Metals...

[investor0109] 18/1/2021 12:48

CreditCrunchies- will try patience of some, certainly! However, fall to as little as 90p not justified and would present a bargain. Mute sound of the crowd and focus on fundamentals, my approach.

[markbelluk] 18/1/2021 12:30

Is that the exit price of your short? Good luck!

[creditcrunchies] 18/1/2021 12:20

you need a lot of patience to get 90p that's for sure

[investor0109] 18/1/2021 11:44

tcarter/markbelluk/rovi70- herd in stampede, fear over facts. Market overlooking that gold miners down across board on gold weakness/USD strength, assuming that fall in CEY share price must be in anticipation of poor results tomorrow. Market misstep and great opportunity for those discerning with longer outlook. CEY have huge cash reserves without debt, paying dividend having made huge profits on elevated gold prices this year. Sell-off overdone on Sukari fears, with board acting swiftly to address. Gold might be looking weak for now, though won't take long before effects of money printing bite. Patience will reward here

[markbelluk] 18/1/2021 11:06

What bad news? If anything has been leaked its good news?

[tcarter66208] 18/1/2021 10:58

Are you still saying bad news isn't the cause of this? Hope you're right. Not looking good at all.

[stevedaytrader] 18/1/2021 10:08

Yep, I think that will be case jfish55- hoping for a positive update on license negotiations and also that prod figures in upper end expectations, an AISC on md to lower side as a result of this and further progress on cost savings initiatives. Yes, POG cause, in line with others. Fingers crossed.

[jfishy55] 18/1/2021 09:23

Any thoughts for tomorrow?

I would think the results are going to be broadly in line with expectations and that's what I'm looking for but wonder if there is a reason for the recent drop in share price beyond POG.

[kennyp52] 17/1/2021 14:24

Sotolo.. misleading post ... profits will not tumble .. production will be lower but POG is much higher offsetting the issue . Key is actually hitting the guided production .

[sotolo] 16/1/2021 19:14

Steve, it is not 2020 but this year 2021 that is the problem with management saying that profits will tumble to maybe 20 or 25% of 2019, thanks to $90m Capex not included in aisc, as well as the Aisc being spread over fewer ounces and the wall. So the key on Tuesday is what news looking forward, inc new concession and W Africa from this unusually tight lipped company

[84stewart] 16/1/2021 11:29

Hi After a few aperitifs and gentle discussions (as we in the ALGARVE DUE TOO RESTRICTIONS WE ARE HERE FOR THE FORESEEABLE FUTURE) did a lot of digging,Martin Hogan was a well respected person in London ,is he a very cleaver man or just a chancer as he does not seem to talk the talk or give confidence ,we were comparing him to Mark Bristow ex my favourite share Randgold Ceo who merged with Barrick Gold ? Or should we said Randgold took them over for their assets,what I am getting at is would Bristow have handled this differently,IMHO Yes Barrick gold is the top gold producer before Newmont so could easily take out CEY and then sparks would fly although Egyptian Gov could veto on holding dominance in the area ,but watch this space

.

[plat hunter] 16/1/2021 11:28

Poltical and economic uncertainly is the only certainty for 2021 and beyond.Https://amp.ft.com/content/20f39e33-e360-479e-82e2-5441d24f0e0bBrussels is set to warn that global markets are too reliant on the dollar as it seeks ways of curbing Europe's vulnerability to US sanctions and other financial risks, in a challenge to the currency's supremacy just days before Joe Biden's inauguration as president.A draft European Commission policy paper seen by the Financial Times reveals the depth of EU frustration after four years of the administration of Donald Trump, whose policies underscored the dominance of the US and its currency in the global financial system. In particular, the paper highlights the EU's difficulties in asserting its independence in the face of sanctions against Iran imposed by Mr Trump, citing them as proof of the need to "shield" the bloc from "the effects of unlawful extraterritorial application" of such measures.

[stevedaytrader] 16/1/2021 07:34

Yep Plat- alas so, just like pretty much all similar companies in the sector-

[plat hunter] 15/1/2021 22:37

Last couple of days have been savage though, 20p gone in a week

[plat hunter] 15/1/2021 21:35

Lol ASIC's proper running shoes

[stevedaytrader] 15/1/2021 21:06

Ooops Kenny, got confused with my trainers :-) :-) :-)