Centamin Share Discussion Threads

[plat hunter] 20/10/2021 12:43

I think the drop was expected if we look at it on a headline basis only... FCF generation of less than 30 million on 300k ounces is not the most handsome of headlines but one has to add back in the dividend, capex paid out of cash flow imo. The latter being where the real value opportunity.


As I said yesterday, add in the CAPEX, improved throughput and AISC and this is adding north of 100million a year to cash pile. POG isn't going anywhere, worst case scenario is flat but at project level the cash being kicked off, even at current suppressed rates is eye watering. 2 more years even at this current gold price will see significant cash accruals.

Re poly. Yes finally caught a bid on the silver price thankfully and has proved to be a nie little hedge to CEY over the last couple days.

[plat hunter] 20/10/2021 12:26

Here we go, back to 102p

[careful] 20/10/2021 11:58

The crypto ETF has given it a huge boost.
$63,000.
Many smart people think that Bitcoin is a bubble, a Ponzi scheme, a scam.

If Bitcoin does collapse and falls out of favour, maybe because of zero earnings power,
I believe that gold will benefit.
How long will it take Bitcoin to come to earth no one knows.

Remember the dot com boom. Hysteria on the way up, everyone making fantasy fortunes.
It took a while for it to collapse but when it did it was brutal.

Many of the shares had no earnings potential so they eventually collapsed.

[stevedaytrader] 20/10/2021 11:36

I don’t see a move across- very different mindsets -
Here great progress been made last few months abs comparison with previous years on RNS will cease soon

[338] 20/10/2021 11:25

Monies from oil and cryptos will be withdrawn and move to buy silver and gold in few months soon

[stevedaytrader] 20/10/2021 11:01

Lol- if only we’d had a cfd- I recall in the news some lucky fella make millions on oil

[plat hunter] 20/10/2021 10:33

Unless it's oil...From negative dollars to 84 dollars a barrel inside 2 years. Never in my life have I seen the world in this much chaos. Look at container shipping rates too, before covid, ports and shipping firms were in a race to the bottom and laying people off left right and centre.

[stevedaytrader] 20/10/2021 10:23

Tech was massive Plat, anything linked to green/sustainable agenda is picked up now- agree the sector has been battered since the start of the year and the start of gold dropping from hysteria peak last autumn- the time buffet recommended it- everyone gets is wrong time to time

[plat hunter] 20/10/2021 10:21

Let's take a moment for Lodgepoo. Losing on his Cey short and losing on fxpo long.

[swinsco] 20/10/2021 10:16

I didn't know that, Steve, but as you say, what's the point! Jeez..

[plat hunter] 20/10/2021 10:14

Probably automated using several different factors such as FX, average sale price, production etc etc.I reckon once they've added it to their excel spreadsheet, they never look at it again.

[plat hunter] 20/10/2021 10:10

I'd go as far to say that the equities correction the world is waiting for started in Q1 this year with PM's and EM's Look at Ashmore Group, an Emerging Markets fund manager and has been battered circa 40% in line with PM stocks, whilst their headline AUM grew during the same period.These companies now look like good value for a rotation trade on a wider market correction imo.

[stevedaytrader] 20/10/2021 10:09

It is indeed Swinsco-
BERENBERG CUTS CENTAMIN PRICE TARGET TO 134 (137) PENCE - 'BUY'

What exactly is the point of their statement - someone gets paid for this

[swinsco] 20/10/2021 09:52

Took some earlier but hardly with confidence - share price looks weak now. Frustrating share.

[338] 20/10/2021 09:05

Hoping for a positive news on 01/12/2021

[338] 20/10/2021 09:04

I keep accumulating CEY 👍

[amanitaangelicus] 20/10/2021 08:40

Centamin, at this price, defo in gobble up territory. I.m surprised it s taking so long tbh Politics ...

[farrugia] 20/10/2021 08:26

What Centamin have found at Sukari is the tip of the iceberg. Just wait till they start making findings from the new concessions they've won!

[84stewart] 20/10/2021 08:02

A reasonable article although I find it a bit loaded on some facts 1they are at this time a 1 trick pony,but how long till cleopatra,dropo, cote d ivori come on line,a source close to capital say they are moving ahead of schedule,I honestly believe Horgan
Is holding something back to be introduced later 2 MARK BRISTOW at this moment would not be interested in cey as he is already got licenses in Egypt although not producing,but where cey have new licences could be a GOLD MINE excuse the pun, no definite answers on the wall, royalties as I believe new ones were up for discussion.

[geckotheglorious] 19/10/2021 21:46

Interesting comment on Barrick/CEY possibilities:

Circling back to valuation, there are some producers out there that are hungry for growth at the right price, and Barrick (GOLD) looks to be one of them. Recent rumors suggest that Barrick was in the running for Kirkland Lake Gold (KL), which is now out of the picture, and Barrick has long expressed its interest in Tier-1 assets. The Sukari Gold Mine meets these criteria, with 500,000 ounces per annum of production, a 10-year mine life, and costs that will move back below the industry average by 2024 ($900/oz estimates). Barrick has also expressed interest in Egypt and has secured exploration licenses here recently. Centamin would be a logical fit if Barrick is already looking to enter the country, and it certainly offers gold production at the right price. Having said all that, I see a couple of impediments that might steer Barrick clear of Centamin:

1. While Centamin was a 500,000-ounce producer, its days at 500,000+ ounces look to be in the past, with this being peak production going forward, and not the baseline.

2. Centamin's margins are only accretive to Barrick if costs can drop back to $900/oz, so unlike Pueblo Viejo and some of Barrick's other large production assets, Centamin is not a very low-cost asset, and there's no guarantee that costs will dip back below $900/oz.

3. Barrick Gold wants a minimum 10-year mine life, but it calculates its gold reserves internally at $1,200/oz. Centamin may have a 10-year mine life based on reserves, but it's calculating reserves at a gold price of $1,450/oz. This does not line up with Barrick, and it's less clear if Sukari has a 10-year mine life if the gold price assumption gets tightened up in line with Barrick's more conservative assumptions.

In summary, while Centamin is a logical fit for Barrick, I think it may struggle to pass Barrick's Tier-1 criteria, which I imagine the company may be more rigid on when adding more exposure to Tier-2/Tier-3 jurisdictions.

[spacedust] 19/10/2021 21:12

The bigger the balloon gets the louder the bang when it bursts? Have i got that correct.

Disastrous new year. Wait and see

[stevedaytrader] 19/10/2021 17:27

US markets marching very close to all time highs... again... inflation "transitory" seems to remain the order of the day- Asia markets continuing upward momentum this week- even the HangSeng up ~3%... doomersayers still not had their day ~18months and counting... one day will, and they will say they were right, forgetting all the times they were wrong... gold doing a yoyo... PMs remain unloved, gaining a bit back in last week or so, but a long way to go...