Centamin Share Discussion Threads

[borisjohnsonshair] 04/4/2019 11:31

You are bipolar. Get a grip.

[dt1010] 04/4/2019 11:14

One bit of bad news and this plummets again into the low 70s

What you are ignoring is lower grades of gold and higher costs and the failure of management.

All key factors.

[wallywoo] 04/4/2019 11:09

Investing at this level would of made you 20% profit, 3 times last year and I don't see any different this year. Of course bottom fishing is tricky stuff and only for the brave, but the rewards are worth it. IMO bottom fishing traps are where:

1) there is too much debt
2) The company pays a unsustainable dividend
3) the company future prospects / market is in decline

I don't see any of that happening here

[dt1010] 04/4/2019 10:58

Investing in stocks that have fallen more than 20pc in a day is a poor strategy for investors, according to data from research firm Morningstar for Telegraph Money.

The phrase “buy the dips” is a common one, but snapping up companies that have fallen a lot in a short space of time, in the hope of a quick rebound, typically fails.

People tend to be attracted to anything that is on sale, but a stock falling in price by 20pc is often a sign of underlying problems.

Our research looked at what would have happened if you had bought £1,000 worth of shares in a British stock each time it fell 20pc in a single day over the past year. Around £32,000 would have been invested, but this would now only be worth £21,800, a loss of 31pc.

Torygraph

[borisjohnsonshair] 04/4/2019 09:54

I couldn't agree more.

[wiltowin] 04/4/2019 09:40

Toronto ticker is TSX CEE Boris.

[wallywoo] 04/4/2019 09:32

Cash being burned? lol they are a cash machine will generate $100M + in 2019.

Poor production 500 ounces!

You just need patience. This will not fall down past this point. It is just out of favour. Gold miners are easy to predict once they get through the low grade ore they produce more, and CEY's production in 2019 will be fine. The higher the grade the lower the production cost. Higher grades this year and next 3 yrs

Personally think this will be taken over / merged soon

[plat hunter] 04/4/2019 09:05

Clearly a ramping squad active here, nothing but declines for 18 months yet screaming buy and have patience, whilst shouting down and bullying opposing views.

Cash being burned, poor production numbers and poor basket prices.

How come other gold miners aren't getting their back doors smashed?

Keep it in your pocket, keep it safe

[borisjohnsonshair] 04/4/2019 08:48

He needs a hug. Public services are under financed so his care in the community nurse can't spend much time with him. His special needs shouldn't be underestimated.

[dt1010] 04/4/2019 08:44

Plat has a borderline personality disorder.

Best filtered as all he wants is an argument poor chap.

[borisjohnsonshair] 04/4/2019 07:35

What's the ticker?

[borisjohnsonshair] 04/4/2019 07:30

Big pump before close in Canada.

[kennyp52] 03/4/2019 23:30

Anyone into vanadium miners ? There’s a new listing on LSE and tempted .

[plat hunter] 03/4/2019 20:11

100% agree Credit. The stated issues and guidance is priced in. The rest is on the so far unknown; basket price, production & costs and as you say, there's not much room for error.

[creditcrunchies] 03/4/2019 19:42

Brokers consensus is higher turnover but lower net profit than 2018, the forward pe is 17.7, the forward yield is 5.13% but the dividend cover is 1 08. There's not much room for error. Btw I hold some shares but I would not buy any more until they get under 80p. Just being realistic there is no point ramping it with just the good bits I believe risk has to be priced in

[plat hunter] 03/4/2019 19:42

Look at ACA up nigh on 40% over the period that cey is down 40%Why?

[plat hunter] 03/4/2019 19:41

That's exactly the point, we're just reading it's significance differently i think.

[jfishy55] 03/4/2019 19:37

"Erm.. No it isn't I think we have different interpretations of the 65 million quoted in the audit financials then."

Are you referring to the $63.4m that was free cash-flow?
Which is pretty much the same as the cost of paying the dividend (100% in fact!).

I fail to see how you can possibly come to the conclusion that the cash is half of what it was last year when the dividend was paid from *free* cash-flow?

Likewise, I fail to see how you think cash flow (which was $223.4m) doesn't cover capex which was $96.8m.

Difficult to have a "different interpretation" when the numbers are clearly stated in the annual results!

"But hey ho, i guess I'm not holding and have nothing to ramp."

Are you seriously suggesting I'm ramping by pointing out that your numbers are plain wrong?!!

Perhaps we have a "different interpretation" of the annual results, you think they are a ramp, I think they are the actual figures the company has?!!!

[borisjohnsonshair] 03/4/2019 19:33

Yes Friday you get your 50p. Same as last week. That's pocket money for you.

[borisjohnsonshair] 03/4/2019 19:32

What record have you broken.......village idiot for the most years running?

[plat hunter] 03/4/2019 19:29

Yes, filter anyone who isn't ramping, isn't impartial or anyone with something rational to say.

In short all you need to see here are those saying, "massively undervalued" "All you need is patience" and those who are aggressive to anyone who contradicts them.

Those types of investors have a rich history of being right and you should definitely follow their advice and filter everyone else.

[kennyp52] 03/4/2019 19:12

Oh and broken record is well worth filtering aswell . Can’t see what he is posting but I’d bet he is still sprouting 50p ? He wears a big red plastic nose and brightly coloured baggy clothes . For all of the serious posters on this thread IMHO if you are out when the RNS comes out you could be missing a substantial jump . If the news is not great you will get another opportunity to add cheaply in my view . At some stage CEY will be digging the right amounts out of the ground.