Centamin Share Discussion Threads

[stevedaytrader] 19/1/2021 09:08

Did anyone listen to the conference call? I only got the last 15mins, missing the first 15mins. Questions I heard were well and confidently answered from the usual suspects eg Jefferies etc. Heard prod for current 2021 stated going along well and no negatives.

[kennyp52] 19/1/2021 09:07

Solid enough RNS . Getting back on track . Hitting guidance which gives confidence moving forward . Steady as she goes . The new guys Capital will be stripping 120Mt over next 4 years should add significant gold and achieve the guidance . At the same time dealing with the waste and wall issue . Opens up the stage 5 West and about time we start investing some serious capital to improve production in the years to come and the exploration could be very interesting . LOM is one of the best in the world but the potential gold on our doorstep plus the African projects ... top quality asset . Simple as that . Already announce what the dividend will be so no need to repeat themselves.

[stevedaytrader] 19/1/2021 08:43

US markets open again today after yesterdays scheduled close. gold seems to going back in the right direction (nothings changed in my view here).

[stevedaytrader] 19/1/2021 08:42

Agree Plat- and since the bad news in October, it's been good news, and no more bad news. Key is always confidence, and this RNS is another update to assure on the slide stopping.

[plat hunter] 19/1/2021 08:25

"Hasn't said anything we didn't expect"That's what makes it a good update.... Keep chugging along

[picardy] 19/1/2021 08:21

Not spectacular to say the least, but so oversold anyway that all the bad news and remaining concerns are already in the price.

[plat hunter] 19/1/2021 08:17

Good enough for me, happy with my 4:15 purchase yesterday.

[stevedaytrader] 19/1/2021 08:14

Guess I got it right this time at opening from my post from 18/1/2021, 13:30- . Well done all holders... fingers crossed.

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.

[sotolo] 19/1/2021 08:11

Huge Capex on rebuilding mine, last autumn at presentation they said $90k a year for 2021 and2022 would be outside aisc so can add $200 to aisc. However while profits this year are therefore only about £30m next year they should double, and with such high costs add 4 times any percentage gold price from here to profits. With lovely divi in meantime I shall hold, but why no divi news that I could see

[fenners66] 19/1/2021 08:02

Not explained why the huge Capex?

[sotolo] 19/1/2021 07:58

Kenny sadly I was not misreading it Free cash flow was $3m this last quarter, over 95% lower than 2019. We knew it would be a stinker so spot on course just as predicted
2019 final quarter 148000 Oz at $ 792 aisc
2020 final quarter 68000 Oz at $1613aisc
2021 terrible as $225m Capex.
Yes first three quarters were lovely but that was before wall disaster from which we shall crawl back

[trader536] 19/1/2021 07:54

Picardy production was revised down from around 550moz or there about

[zangdook] 19/1/2021 07:53

"It’s difficult to gain weight when someone is eating half your food"

Eh? We're eating their food.

[trader536] 19/1/2021 07:53

It will never go higher than half full when someone is taking half

[picardy] 19/1/2021 07:51

What justifies a fall from 230p if the 2021 gold production guidance is pretty much the same as 2020 results?

[amaretto1] 19/1/2021 07:50

Glass half full !

[trader536] 19/1/2021 07:48

A bigger portion means you lose even more of your food

[amaretto1] 19/1/2021 07:39

Serve bigger portions !

[trader536] 19/1/2021 07:37

It’s difficult to gain weight when someone is eating half your food

[novicetrade68] 19/1/2021 07:33

That's the 'pity' regarding their 50/50% sharing agreement with the Egyptian gov, otherwise this share would always trade around at least £2-£2.50p, still free cash flow of $142m after capital expenditure and royalties.

[amaretto1] 19/1/2021 07:30

Is that figure usual ?

[trader536] 19/1/2021 07:21

$200,000,000 given away to the government, there’s plenty of brown envelopes being passed around behind the scenes at CEY

[amaretto1] 19/1/2021 07:17

Nothing unexpected .. but nothing new either ..... OK !

[trader536] 19/1/2021 07:14

The government getting a bigger slice of the cake than shareholders....

‘Q4 adjusted Group free cash flow of US$3 million, after US$48 million of capital expenditure and US$21 million distributed to the Egyptian government in profit share payments and royalties [2] ; FY adjusted Group free cash flow of US$142 million, after US$138 million of capital expenditure and US$199 million was distributed to the Egyptian government in profit share payments and royalties’