Centamin Share Discussion Threads

[plat hunter] 26/3/2019 10:56

YUP FRES is a good shout, I've got my ankles wet over there and looking for 950

[haughtonhoney] 26/3/2019 10:27

How many of those pay a divi rougepierre if you don't mind me asking?

[rougepierre] 26/3/2019 10:21

Well...ignoring all the dismal chat....

I've bought back in at 91.42 y/d having sold at 120 plus...

Whatever you think about the production forecasts, this company is producing a lot of gold and, when the Gold price climbs this year and next, ALL the extra price is free profit and free cashflow...

So whether you buy FRES, HOC, CEY, GPM or whatever...(I have all of these...the latter has a NAV of 26.83p and an share price of 19.90)...

They'll all go BOOM! at some stage...

AIMHO as usual and GLA

[plat hunter] 26/3/2019 09:43

Kennyp

Why would i be comparing Q1 results with Q3...

That's not even a QoQ comparison nor a same period comparison, you're not a cherry picker are you?

[kennyp52] 26/3/2019 09:35

Look at Q3 Plat .. you are making yourself look a right div . POG looking like being a higher average this year. No Debt . What on earth you on about !

[laurence llewelyn binliner] 26/3/2019 09:34

CEY 2019 guidance for Q1 is 105-115K/Oz, any better would be nice to see and potatially see the share price turn to the upside..

[plat hunter] 26/3/2019 09:24

Q1 is typically slower than the rest of the year in this game but conservatively I think CEY need 540k for full year production.

I honestly think too many here are neglecting the impact that both CAPEX and lower production have had on the operating cashflow.

CEY has always had a good trade buffer but half if it went out the door on the back of last years production and capex. Something has to give in the absence of firmer prices or improved production

[borisjohnsonshair] 26/3/2019 09:19

Or your stupid comments

[borisjohnsonshair] 26/3/2019 09:19

I don't admire you.

[plat hunter] 26/3/2019 09:12

"If both are flat, then expect a 3% higher valuation."

That's not how leveraged returns work but I admire your confidence

[borisjohnsonshair] 26/3/2019 08:54

The gold movement in the short term has negligible impact. For benchmarks understand the average in 2018 was 1267. Price now 1315. Up 3%. Positive but unlikely to be significant compared with the recovery rate or output, up or down. If both are flat, then expect a 3% higher valuation.

[stevedaytrader] 26/3/2019 08:53

For me- 100% worth the gamble like I said just after the big drop. Patience is key, next set of results. Gold came back a bit, we went up, very hard to predict but these are just minor change factors. We could very well start to climb a bit now as it's not long to the next figures RNS. The price is low enough where the possibility of a big gain outweighs the likelihood of another loss. In my view, the % gain will be greater than the % loss significantly building up to and on the next set of results.

[spacedust] 26/3/2019 08:38

Gold down Cey up today
Gold up Cey down yesterday

[borisjohnsonshair] 26/3/2019 08:14

You are talking pants. We are below the worst case and low due to typical market fear and over reaction. This will be 120p by June.

[spacedust] 25/3/2019 22:37

And brexit is in even more and deeper total shambles.

[mattboxy] 25/3/2019 22:36

That's not necessarily trueLook at the lead up to the finals shares went up to ~136p and then the finals disappointed and down they cameCey is not really a leaky share

[mattboxy] 25/3/2019 22:33

2019 Outlook(7)-- Gold production guidance of 490,000 - 520,000 ounces for 2019, with increased stripping in the open pit balanced by estimated higher average grades.-- Cash cost of production in 2019 are expected to be between US$675-US$725 per ounce produced and AISC between US$890-US$950 per ounce sold.

[mattboxy] 25/3/2019 22:32

-- Guidance provided is annual. The mine plan schedules a progressive quarter on quarter performance, with the underground contribution largely consistent, and the open pit increasing as the grade improves with depth. The first quarter ("Q1") is scheduled to be 105-115koz accounting for increased movement of waste material from Stage 4 and 5.That is from 2018 final results so that is the target for first Q figures

[plat hunter] 25/3/2019 20:37

Worst case scenario is 67p if they don't return production and add to the reserves again, you can't keep selling more gold than you pull out of the ground indefinitely.

Realistically, I see it trading in this range between 80-100... Obviously I want to get them as close as I can to 80p But the double bounce might scupper that fantasy. if we get a third bounce of 90 and decent production numbers in Q1 then I'll review it of course.

Rolling stone and all of that

[plat hunter] 25/3/2019 20:14

Interesting,

care to correct them?