Centamin Share Discussion Threads

[kennyp52] 03/4/2019 12:42

Boris .. My punt would be 115p plus with bad news already mostly factored in to the share price Worth the gamble , if you are out when it rises .....

[borisjohnsonshair] 03/4/2019 12:40

It's actually a third of the sum - ounces produced, cost of production and price of gold!!! Are you really this simple.

[borisjohnsonshair] 03/4/2019 12:35

Muppet - targets based on gold at 1250. Price higher now and higher than 2018 (average 1267).

[trader365] 03/4/2019 12:33

Look back on the ACA thread when it fell from 500p to 400p then to 300p then to 200p then to 100p, you'll see the monkeys picking their bottoms for 2 years! I waited and bought at 150p on the way up ie when price was above its moving averages

[plat hunter] 03/4/2019 12:32

Ounces produced is only half of the sum, the price of gold is much more important.

SP imo is priced accordingly for the guidance note, people will be paying closer attention to the basket price and cost, which in my view is not currently priced in.

[borisjohnsonshair] 03/4/2019 12:19

Just wondering what the market would make of a plus 120oz production figure for the quarter, if that is what is produced?Ideas anyone?As has been noted without guidance this is looking a little under valued and able to rocket.

[bulltradept] 03/4/2019 11:32

Just wondering what the market would make of a sub 120oz production figure for the quarter, if that is what is produced?

Ideas anyone?

As has been noted without guidance this is looking a little vulnerable.

[borisjohnsonshair] 03/4/2019 09:49

Yep - not one trick pony.

[kennyp52] 03/4/2019 09:43

Good and very valid point Wallywoo . Add Cote D’Ivoire increased resource and tot it all up and you will get a proper share price .

[wallywoo] 03/4/2019 09:29

Burkina Faso assets are long forgotten and under valued for CEY.

CEY took over these assets at the end of 2013, when the gold price was around $1100. In an all share deal for around $50M. They have spent $10-$15M per year on it for the last 5 years. It is now getting close to moving forward, with a major study announcement in the next month or so.

All anyone looks at is historical EPS and divi, but this company has lots of hidden gems IMO. I think the rest of the mid tier gold miners would think this too, so Takeover at these prices very possible. Any one notice the last director RNS, was for someone who used to work for Endeavour Mining! Interesting tie up for CEY

[borisjohnsonshair] 03/4/2019 09:07

Wait til a little later as CBBIES is good for the next hour.

[borisjohnsonshair] 03/4/2019 09:06

Have a chat with an adult about CEY as they might be able to help you understand better. It's good you show an interest in equity at such a young age. If you grow up you might make some money.

[stevedaytrader] 03/4/2019 08:59

Quick scan of this board... I'm in for the news. Worth a gamble in my view. Good luck to all those who will be in for this and can use last few months profit from trading to cover any downside, or make a big profit- only time will tell, but as always, a gamble. Nothing on this board has made me change my mind, but some are interesting reading.

[plat hunter] 03/4/2019 08:36

Yes filter away so you can inanely ramp something that is hemorrhaging it's cash flow and has insufficient production to fund working capital and dividend cover.

Lets see how that works out for you lolzz

Bet you wish you had lumped in on ACA instead don't you

[borisjohnsonshair] 03/4/2019 08:33

That's what I said yday.

[jfishy55] 03/4/2019 08:30

"How is that increased resource being paid for?"

That's what the $300m cash pile is for, by maintaining it CEY can ensure it doesn't need to take on debt or issue paper to take other projects into production.

As for EPS etc, as someone else pointed out, the dividend depends entirely on how much gold was dug out of the ground & sold. If there is a good run as in 2016 the figures will look great...if 2019 is the same as 2018 then the figures are not great.

We already know that Q1 output will not be a quarter of 2019 annual guidance but do expect higher figures in H2. So I think the share price will rise gently through the year...however, I didn't think it would drop from 180p so who knows!

Political risk is the only real issue I see - will CEY finally see a resolution of the court case / Law 32 etc? However, POG may have an influence if it moves solidly in any direction.

Personally I'm bullish and am thinking about buying a few more for my ISA on the 6th.

[borisjohnsonshair] 03/4/2019 08:23

If you are so mature, I dare you for a fight

[plat hunter] 03/4/2019 08:12

Boris your conduct here shows you to be very immature or seriously underwater, possibly both.It's certainly not rational or adult like

[borisjohnsonshair] 03/4/2019 07:49

I hope you are short because the West Africa news is being drafted.

[plat hunter] 03/4/2019 06:45

How is that increased resource being paid for?