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Centamin PLC Share Chat (CEY)



Share Price: 116.80Bid: 116.70Ask: 116.80Change: 2.30 (+2.01%)Riser - Centamin
Spread: 0.10Spread as %: 0.09%Open: 114.20High: 117.95Low: 114.15Yesterday’s Close: 114.50


Share Discussion for Centamin PLC




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mrtibbles
Posts: 8,116
Opinion:No Opinion
Price:119.55
Marmot's suggestions
6 Jul '18
Sent to Cey PR & I R 14.06.2018 f

The Cey Management Board may also be interested in considering some suggestions from a fellow investor and friend..

Mr Tibbles you highlight some of the problems that Centamin are suffering,

However I want to highlight some possible solutions.

Firstly, if there was any complacency by management it has hopefully all gone now with the last three weeks share price fall and the drop out of the top 200 UK quoted companies.

The vast majority of investors want both capital appreciation for their shareholdings and a progressive dividend policy. It is about time that the Board made share price appreciation a core metric for share vesting and bonuses.

As it is we private investors take the risk buying shares with after tax income whereas the vast majority of Mr Pardey and Co's shares are awarded "gratis". In that sense we have much more skin and risk and pain than they do. I hope that this point has been grasped.

Market makers are not so important today. 96% of all trading is programming trading.

Their algos filter all news looking for positive or negative changes.

We lost 30% of the share price as the RNS was outside of normal reporting and contradicted ie a negative surprise to that of Q1 given 3 weeks earlier. Added to that analysts could cite the" same old news" as Centamin has nothing else to demonstrate progress.

One country, one mine, two court cases and 2 green field explorations are not news that one can keep repeating as unchanged and expect the share price to progress.

But the tin ear award went for the announcement that Korn Ferry would review management remuneration. I want management rewarded for problem solving and strategic development of our business.

Centamin PLC is competing for investor funds. I want to see our Board being proactive like similarly sized Kirkland Lake.

They now have 3 active mines in Ontario and strategic shareholding investments in 3 prospectors in Australia including Novo Resources. Is W.Africa a goer? If Centamin can't envisage a mine plan within a year we should be looking to invest the majority of the cash holding in a late stage developer in another safe jurisdiction or buy a shareholding strategic stake to harness the gold price rally before prices take off.

I hope the Board are constantly reviewing all options available especially with their Australian roots and contacts. Sukari is an ideal foundation for a major gold company.

Does the Board share my ambition?

Some feedback would be greatly appreciated by our Centamin investors group.




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