Cerillion Share Discussion Threads

[chevyplus] 08/11/2006 20:08

konil,
you are correct and Celtic have some great assets with the deal.One would think with the cash Celtic has it should be able to fast track the Chely mine particually with the price of copper and it seems to be going to remain at or go higher than these prices so they need to to get moving.
I would disagree about how they got to where they are today.I have been a holder from early on and watched the Nez deal unfold.People should see the deal for what it was and that it was a mine in Russia that Celtic seen had potential.Celtic were not the first to look at Nez and might I say wont be the last but in my view through pure dedication and determination achieved what no others could do and that was make money from the deal.Now we all know that there were many court cases etc which Celtic won and from my info even the Russians themselves said Celtic did a great job in getting the deal they did.I think there was more to the deal than met the eye but as I have said more that once the end result could not have been better.It would take years to get the money in the Bank that they now have.


Ashley,
Not sure what is happening with VOG at the moment but if the results from 105 and 103 I think are as good as I hear they may be, yes, it will move up quickly.


You may have some info ie on the time it would have taken to finance,mineproblems etc it would have taken to get the $80.mill in the bank.
Also did you think Celtic did get a good result ???

Chevyplus

Good to see some chat again

[mr ashley james] 08/11/2006 15:46

Chevy lift off time on VOG

[konil] 08/11/2006 12:19

assuming the eka offer goes through, cer will be sitting on a goldmine (literally and metaphorically) of assets backed by a strong cash balance. once the dust settles on the eka deal and if cer can demonstrate the enormous value-add it has achieved by acquiring eka so cheaply, added to the fact that it has the cash to progress the projects, cer share price should be due for a rerating.

two things against it;
1. timing - i can't see anything happening until at least the new year and more likely towards the end of 2007 unless cer can fast track chely bfs, so its a long wait and the share price could drift down meanwhile.
2. sentiment - there is lots of suspicion and bad feeling about how cer has got to where it is today, and sentiment can be damned difficult to turn around.

[chevyplus] 08/11/2006 10:25

jeffian,
once again I see you on here even after you sold out and still you seem to want to say negative things.Deramp if you like.
I find it more interesting to consider the position Celtic now has with the $s in the bank than missing a target.Targets I might add are also very rarely met by any miners big or small.
I think the aquistion of Eureka is a step in the right direction and some new figures will help in the near future.
Surely you are not so daft as to know the money in the Bank from Nez would have taken years to achieve upto 15 yrs I think so a fantastic ending in my view.Work it out if you will and see how many ozs,years etc it would take to bank $80.mill.
Chevyplus

[jeffian] 07/11/2006 10:14

One of the reasons I dumped these a few months ago was the realisation that they were more keen on (and certainly better at) playing games with the Russians than producing mountains of unhedged gold and selling it profitably in the market. I was a shareholder for years and they missed every production target they set themselves. I see nothing's changed:

12 September 2006 (Interims):
" Forecast gold production for Suzdal this year is now 60,000 ounces.......Forecast production for Zherek for 2006 is now 14,000 ounces."

7 November 2006 (Trading update):
"at Suzdal, Celtic now expects gold production this year to be around 50,000 ozs.........at Zherek, production there should be around 12,000 ozs of gold this year."

If a week's a long time in politics, 8 weeks clearly fits the same bill in mining (or, at least, CER's version of it).

Regards, Ian

[Abuse team] 02/11/2006 12:17

Post removed by ADVFN

[tomsacold] 30/10/2006 12:14

cash mountain?

increased erosion.

you are a disaster, Foo

[tomsacold] 24/10/2006 13:49

not any more, downpayments made on VOG

[doctor robert hope] 18/10/2006 12:43

tomsacold I assume you realise at least US$70,800,000 cash ie nlt 81p per share is cash in CER?

[tomsacold] 13/10/2006 16:50

Well done Foo. Youre doin a gr8 job for the shareholders in all your companies. Share graphs reflect your talent.

[tomsacold] 12/10/2006 16:39

the graphs are true testament to his capability
maybe he should get a reference off barricks
maybe he would be more suited to trotters independent traders
or maybe he wouldn't make the grade
the man is tarnished beyond redemption
still he wheels and deals
much like del-boy

[davepower] 11/10/2006 06:23

Tomsacold
not if he's bought EKA for cheap... money to be made there!!
cheers Dave

[tomsacold] 05/10/2006 16:20

another foo disaster, the man's certainly consistent
the guy's got to go

[zolota] 05/10/2006 15:34

Unfortunately yes. Any idea why the big drop today?

[munin] 05/10/2006 15:26

Still alive, but feel doomed..................

[aussie mick] 05/10/2006 10:53

Knock, Knock ... anybody alive here?

[wassapper] 25/9/2006 08:37

Mention in Minesite round-up

[jeffian] 19/9/2006 17:45

chevy,
I won't be boring you again. I dumped 'em last week. Bye.

Regards, Ian

[wassapper] 14/9/2006 19:46

Eureka Mining's Share Price Stymied By Its Advisers With Bid In Offing.

It's a funny old world this one of mining corporate finance and sometimes compliance makes a mockery of common sense. On 31 August AIM listed Eureka Mining, which was a base metal spin-off from Celtic Resources at the beginning of 2004, announced that it had entered talks with an undisclosed party, but said there was no guarantee that a deal would materialise. That is one good way to get shares on the move and old Minews surmised that the most likely bidder must be Celtic Resources as it still has a holding of 18 per cent in Eureka and is stuffed with cash after being paid US$80 million for a diminished stake in the Nezhdaninskoye gold mine in Siberia. .. more ..

[jeffian] 31/8/2006 10:03

I am afraid that I'm rather sceptical about this management's MO. "The original reason cited for spinning off EKA a few years back was so that CER could focus on their gold assets", eh? Well, those of us who have been around for a while remember that it was actually a rather cynical ploy to justify management's promise that they would pay dividends (from all that gold being processed and sold unhedged into a booming world market, right?) by 2003(?), the 'dividend' being in the form of (taxable) EKA shares. One may also question the 'spinning off' of VOG, where key CER management personnel retain the same positions but, presumably, now at twice the remuneration, so that we now only have a minority interest in one of the great success stories (sp-wise) of last year. And now there's talk of putting CER/EKA back together!

I wish they would concentrate on the key profit driver and USP of this co when they came to AIM a few years ago - the production and sale of copious amounts of gold into a boom market generating cash, profits and divis for shareholders. They love dealmaking but the one thing they have consistently done is miss production targets and fail to generate cash.

Regards, Ian

[papalpower] 31/8/2006 08:28

From the RNS last night from EKA, someone is bidding for EKA, is it CER ? or the Russian's ? or someone else ???


tamref - 24 Jul'06 - 13:03 - 10090 of 10092

Just thought I'd float the following idea:

How likely might it be that CER and EKA could merge? The original reason cited for spinning off EKA a few years back was so that CER could focus on their gold assets (most notably Nez). But now we've lost Nez leaving us with nothing more than a pair of adjacent mines to manage producing circa 100,000 oz/pa in total. Hardly a huge undertaking. Also, CER has buckets of cash and can't seem to find a project that meets their "exacting" standards to throw the cash at. EKA could certainly benefit from suddenly being part of a cash-rich larger entity. Would significantly reduce the short-term funding requirements for EKA's Chely copper mine. Also the gold-hawks in CER could occupy themselves with the EKA's Kentau gold deposit.

[tamref] 23/8/2006 16:53

CER tipped in brokers report. Report found by DesWalker on AVM thread. see below
(thanks Des). Good to see 2006 projections of 64koz of Au from Suzdal + more (unspecified) from Zherek



DesWalker - 23 Aug'06 - 14:10 - 3334 of 3335

Mirabaud/Horn has a Junior Mining Review just out.

www.horn.co.uk then click on "Research" on left and it's the top .pdf (2.4Mb)

Makes interesting reading for the sector in general and AVM in particular. They rate AVM a Buy with a base target price of 250p.

[idlespeculator] 27/7/2006 13:51

I tend to agree Gold (priced in $'s) is generally going to go up, in no small part becuase is likely to be USD undergoing long term depreciation. Reasons for this are clear to all, the US is never going to be able to repay all those T-Bills china and Japan are holding unless they are depriciated in real terms (with $ defalation).

But gold going up in $ terms does not gauruntee us increased value in £, becuase althoughthe gold is worth more $'s the $ will be worth less £'s.

We may see real increases in gold value with worsening internatoional instability, and the the potential failure of the US to manage it's deflation and rising interest rates without triggering a a global recession. This is avoided currently by china handing back dollars to the US in return fo rthese T-Bills so the US can spend them again. this is not sustainable, everytime the interest rates are raised, the paper china holds is devalued. As the dollar defaltes, their paper is devalued.

The US stopped prducing one of their money supply figures back in March showing number of dolars in circulation globally. This means they can running the printing presses longer and hope no one notices. It's one way to repay t-bills and keep the economy going, but must cause the $ to fall as it's supply increases, and demand decreases as more and more economies decide to trust more in the euro.

Interesting times ahead, I do like gold fo rthe short and medium term

[tamref] 24/7/2006 13:03

Just thought I'd float the following idea:

How likely might it be that CER and EKA could merge? The original reason cited for spinning off EKA a few years back was so that CER could focus on their gold assets (most notably Nez). But now we've lost Nez leaving us with nothing more than a pair of adjacent mines to manage producing circa 100,000 oz/pa in total. Hardly a huge undertaking. Also, CER has buckets of cash and can't seem to find a project that meets their "exacting" standards to throw the cash at. EKA could certainly benefit from suddenly being part of a cash-rich larger entity. Would significantly reduce the short-term funding requirements for EKA's Chely copper mine. Also the gold-hawks in CER could occupy themselves with the EKA's Kentau gold deposit.