Centamin Share Discussion Threads

[ken tennis] 25/2/2019 08:34

KENNYP I will be having a few more of thes at this discount price soon as it bottoms around 10.30 let’s ay bout 118 lovely

[bocase] 25/2/2019 08:32

It strikes me that the results statement was deliberately underwhelming. It's a process called kitchensinking when all the bad news from last year is thrown out with the results leaving nothing but positive news for this year.

ie Much stronger gold price than the $1250 forecast in the statement.

Higher grade ore being processed.

Huge upside revision to reserves.

No debt.

Massive free cash flow.

The share price is bottoming this morning in my opinion then it will be onwards and upwards.

[dt1010] 25/2/2019 08:29

He thinks his nuggets of stupidity will have an effect

[scoble2] 25/2/2019 08:29

iii trading platform crash due to a technical problem I lost all the profit. WHOS is responsible for my loss.

[kennyp52] 25/2/2019 08:27

Spacedust is obviously out again and trying to influence the price down haha

[spacedust] 25/2/2019 08:26

Revised to 90p. Just looked at the 12 month chart. 117p today

[kennyp52] 25/2/2019 08:26

Yet again disappointing forecast at the lower end of expectation if not worse . The POG might help the bottom line and their cost control appears well managed but they need to get Cleopatra into higher production and the increased resources at Cote D’Ivoire materialising into some expectation of production to get this share price moving forward . Estimate 490k to 520k .... let’s hope they have been conservative this year and will actually exceed as the market makers are not taking this will at the moment with us 8% of Friday close . As I have always said you can look at all of your charts and POG but the production is the be all and end all .

[spacedust] 25/2/2019 08:25

Down today n tomorrow and Wednesday as well. 80p beckons once again

[davius] 25/2/2019 08:22

What a morning for II to crash. Had a sell order in for 11K shares at about 131p, though fortunately have a screen shot as proof. II unable to trade via phone either currently. Can't even log on to get prices.

[dt1010] 25/2/2019 08:21

124p - BUY

[ken tennis] 25/2/2019 08:18

Well that’s me back in lads not bad 12 drop on the average got to have it ay KENNYP haha

[kennyp52] 25/2/2019 08:17

This idiot sold at 136 . Thanks for all the negative comments I will stick to trading on my gut feeling and making money . 🥊

[bocase] 25/2/2019 08:14

Let the traders have their moment in the sun then the buyers will return.

The price of gold is going to be very considerable higher this year as the stock market wobbles and the dollar weakens and CEY will be at levels not seen for a long time.

[dt1010] 25/2/2019 08:12

Wishful thinking

[spacedust] 25/2/2019 08:07

80p beckons again

[spacedust] 25/2/2019 08:07

Let me mention my Cey sell to tlw buy on Friday. What a call

[phillis] 25/2/2019 08:04

Did I mention my Glencore trade?
But there again why would I on the CEY thread
Am getting a bit muddled

[trader365] 25/2/2019 08:02

Did some clown say gold was going down? You got to laugh at some

[larry laffer] 25/2/2019 07:43

that set of results smacks of a lack of ambition in the outlook for 2019.

Lowering targets makes it look better when they are exceeded.

seems as though they are still working thro the same problem that afflicted production 6 months ago.

CHF plant installation on the way

solar farm to lower energy costs.

lower dividend, expected. but increase in cash retained to $322m.

down day today

[spacedust] 25/2/2019 07:41

EBITDA(1,2,4) of US$257.9 million, a 17% decrease YoY, predominantly driven by reduced volumes of production and increased operating costs;

-- Profit before tax(4) of US$152.7 million, a 26% decrease YoY, due to the factors outlined above;

-- Royalties of US$18.4 million payable to Arab Republic of Egypt ("ARE") and profit share of US$76.4 million paid to Egyptian Minerals Resources Authority ("EMRA"), the Company's government partner

-- Basic earnings per share (2,4) ("EPS") of 6.5 US cents, a 22% decrease YoY, principally reflecting the scheduled ratchet from a 60:40 ratio to 55:45 (Centamin:EMRA) in the Sukari Gold Mine ("Sukari") profit share mechanism from July 2018, as detailed under the terms of the Concession Agreement, and reduced production;

-- Operational cash flow of US$223.4 million, a 34% decrease YoY, due to the factors mentioned above and a 7% increase in mine production costs driven by increased volumes of material moved;

-- Free cash flow(1) generated of US$63.4 million in 2018, down 56% YoY, due to reduced volume produced and scheduled change in profit share economics;




Yikes!!!!!
And forward looking guidance 490k to 520k

[greenelf] 25/2/2019 07:34

I think the rsi needs to unwind, this will be soft for a while I reckon? Sell on the news blah blah.

[borisjohnsonshair] 25/2/2019 07:31

Have to be quick though as it will rise after 10am and end up.

[borisjohnsonshair] 25/2/2019 07:31

Yes buying opportunity coming up