Centamin Share Discussion Threads

[tnt99] 18/9/2024 07:20

Why the dip ?

[stevea171] 17/9/2024 11:56

Thor is a LSE listed, under valued junior gold production and exploration company in West Africa that CEY investors who are comfortable with African miners may wish to consider if they choose to cash in and move to an alternative investment with double/triple bagger potential from here in the short to medium term.

Thor Explorations (THX) Mkt Cap: £127 million at share price of 19.5p.
Also on the TSXV (THX) with share price C 33.5c.
Operations: Segilola, Nigeria
Production: 90k oz pa. Unhedged.
AISC: $900 oz

Thor has a second project, Douta, that is moving to construction without dilution of shareholders. Douta is an advanced exploration project in Senegal.
MRE: 1.78 million oz being increased to 2 million oz with latest drilling.
PFS: Q4 this year
Mine life: 12 years+ at 100k oz pa
Mine construction: likely to start next year.

Thor is certainly not a one trick pony! It has the massively profitable operational mine at Segilola, Nigeria, as well as the Douta advanced exploration project in Senegal. Thor is also actively exploring for commercial lithium across large license areas in Nigeria. And now this week Thor has announced the acquisition of 2 new exploration gold projects in Ivory Coast.

Thor financial highlights for Q2 and H1 2024.

23,588 ounces of gold sold in Q2 2024 with an average gold price of US$2,309 per oz.

Cash operating cost of US$585 per oz sold and AISC of US$802 per oz sold.

H1/24 revenue of US$87.1 million (H1/23: US$81.7 million).

H1/24 EBITDA of US$60.9 million (H1 2023: US$40.3 million).

H1/24 net profit of US$39.9 million (H1 2023: US$17.4 million).

Senior debt facility has a balance of US$6.5 million which is scheduled to be fully repaid by 31/12/24.

Net debt of US$2.7 million as at June 30, 2024.

Latest Presentation 16/9/24:

[rose_by_another_name] 17/9/2024 07:16

busterhogdog has posted this on the ALTN forum-

"I’ve been ramping on others boards to encourage clowns to
buy shares"

So, clowns, what about it?

[busterhogdog] 17/9/2024 06:03

You guys should give this a try ALTN has many factors in its favour: massive reserves, low AISC, growing production, a new mine in the offing, etc. None of these factors were given any value prior to the recent surge in the gold price, and it’s true that they’re still not being appreciated by the market. And yet they’re all incredibly important in a high gold price environment. Strong cashflow enables a rapid acceleration in monetising the reserves; a complete turnaround from the past 5-10 years when finance was expensive and hard to get, resulting in very slow progress. The market is nowhere near valuing the potential of the business.

[sotolo] 17/9/2024 04:50

Disqualifying for me, I like holding shares on main markets, and larger cap than ggp,

[arlington chetwynd talbott] 16/9/2024 14:59

You may well get a lot closer to it in the coming weeks.

[rose_by_another_name] 16/9/2024 09:13

Obviously I know GGP is on AIM. I don't know why that is
disqualifying, if that is what you are saying. Maybe you
don't accept that AIM is a "London" market? The ADVFN
ticker is LSE:GGP.

[beeezzz] 16/9/2024 08:45

183p is my B/E not happy...

[willfor] 16/9/2024 08:28

Hi all, has anybody had a problem with H-L log in this morning? Thanks

[hazl] 16/9/2024 08:16

Yes life is a risk.
As was CEY.

Don't disagree.

[kennyp52] 16/9/2024 08:03

GGP .. 10 billion shares in issue ? Recent huge placing . Zero revenue ? More placings to come ?? At least directors have participated in recent placing but looks risky imho.

[louie2010] 16/9/2024 07:59

Good post. ALTN has many factors in its favour: massive reserves, low AISC, growing production, a new mine in the offing, etc. None of these factors were given any value prior to the recent surge in the gold price, and it’s true that they’re still not being appreciated by the market. And yet they’re all incredibly important in a high gold price environment. Strong cashflow enables a rapid acceleration in monetising the reserves; a complete turnaround from the past 5-10 years when finance was expensive and hard to get, resulting in very slow progress. The market is nowhere near valuing the potential of the business.

[sotolo] 15/9/2024 18:51

Rose GGp is on Aim

[hazl] 15/9/2024 16:19

Having been in CEY SHG and FRES in the past I think

GGP is also is an interesting one.
It has done a reverse trick and now is a completely different animal, as the agreement for completing the purchase of the rest of Haverion.
Having held it on and off over the years,I am not alone in being enthuiastic about it, people seem to be very excited about the new role it has.
It reversed due diligence and Newmont is a shareholder.

Could it be the next major that comes out of Australia?

It has access to existing infrastructure.
It dominates the Paterson region.
And it is completing a fund raise just under the current price, soon, so it will be the cheapest it's been for a while.

[larry laffer] 15/9/2024 13:38

Here are a few soundbites talking about AngloGolds offer from the RNS

Jochen Tilk, the Chair of AngloGold Ashanti, said: "offers enormous geological potential....."

Alberto Calderon, the Chief Executive Officer of AngloGold Ashanti, said: "to realise the significant upside in Centamin.........

James Rutherford, the Chair of Centamin, said: "to develop the country's significant geological potential........"

Martin Horgan, the Chief Executive Officer of Centamin, said: "underlines the Tier 1 status of Sukari as a safe, low-cost and large-scale gold producer. Sukari is strategically well placed within the emerging Arabian Nubian Shield........"

Yet the offer seriously undervalues all that potential they talk about.

Vote NO to the current offer

[arlington chetwynd talbott] 15/9/2024 09:02

Midas article on the takeover today:

“ Midas verdict: While gold is at an all-time high, gold miners are not. The South Africans have spotted a bargain: this story may have further to run. Sit tight.”

Seems fair.

[arlington chetwynd talbott] 14/9/2024 14:12

With FRES in particular (kind of like CEY) you have one country risk but also silver is a lot more volatile than gold. You are quite right to focus on risk. Saying that, I also have some FRES, but I have much more CEY.

It is frustrating that CEY, like Shanta, gets taken out just as it is about to become multi-jurisdictional. Majors wait and wait while smaller company shareholders take all the pain, frustration and risk and then swoop in to stop those shareholders getting their full reward. This is how they became majors. Still, I am confident that there is, as with Shanta, some kind of upgrade to come.

[larry laffer] 13/9/2024 15:25

Sotolo

If I'm invested in Centamin instead of HOC/FRES etc its because i believe that overall Centamin will ultimately result in more disposable for me. Otherwise I would be invested in the alternatives. I can accept its a constantly moving situation and if the benefits are marginal then I could switch out to the alternative gold miner at any time.

Whatever you/I choose it all comes down to your research and tolerance of risk associted with each of the companies. We all have different profiles in that respect.

Whatever your choice best of luck in your investment. For me I think Centamin is significantly de-risked and will be even more so when doropo is a production mine and the local egyptian exploration areas start to contribute in a meaningful way.

I'm disappointed Horgan et al have reccomended the offer. I'd like to think he acted in the best interest of investors but I'm not convinced. Institutional Investors take a short term view of an investment so as soon as they see a few quid they are off.

[rose_by_another_name] 13/9/2024 14:51

Why not GGP?

[sotolo] 13/9/2024 12:05

Trader which of the remaining London would you switch to Fres, EDV Hoc?
Larry no won’t be lighter in pocket as if sell now can buy another goldie(see above)which should rise after with gold

[larry laffer] 13/9/2024 12:00

Centamin have done all the hard miles here and are in a good position to go much higher.

AngloGold are known for having a portfolio of high quality assets.

In which case they should be offering a high quality price for our jam tomorrow.

I might just be cynical, but a record Q3 quarter shows what Centamin could achieve given a bit more time.


The offer of 163p (cash equivalent) hasn’t yet been achieved in the share price so anybody selling at present is going to be light in their pocket.

With the pound doing well against the dollar and gold price hitting new highs and what may turn out to be a record Q3. Why is anyone thinking of selling if they don’t need readies right now. Institutions will make their choice based on short term economics, but even they must see the potential here. Shame the board don’t share our vision for the future. As they say in football “Horgan out” 😂.

[trader465] 13/9/2024 11:28

No point in holding here, gold hitting all time highs and all other gold stocks flying

[sotolo] 13/9/2024 11:05

Not gold price that matters but that less costs. Ie profit. In the ensuing year (2020) profits were near double now so wonderful we are getting the offer we are

[busterhogdog] 13/9/2024 10:44

Another is Altyn it's valued at 50 million, potential 1/2 billion is implied from 2017 reserves. Production is going to 100,000 so tripling from current levels .