Centamin PLC Share Price (CEY)

Centamin (GB:CEY) has released an update.

Centamin PLC successfully held its Annual General Meeting on May 21, 2024, where all resolutions were passed with a clear majority, including the approval of the annual accounts, dividend declarations, and director re-elections. Approximately 71% of the eligible share capital was voted, and the detailed results are accessible on the company’s website.

The AGM also marked the retirement of Dr. Ibrahim Fawzy from the Board.

https://www.tipranks.com/stocks/gb:cey

Hi 3bear,

I wish I had your enthusiasm and confidence in the company , unfortunately they faded away like a desert mirage longer ago than I care to remember!

I hope that you are right because I'm certainly looking forward to when those remaining cans are at last picked up and we feel the effect, that is the corresponding rise in share price and a restoration of a more respectable dividend!

Hi Tibbs, cans are not being kicked down the road any more. They are being picked up and dealt with. That costs money. But eventually the cans will all be gone and the AISC will reduce. Bon courage mon ami, we're almost there.

Thank you Dasut,

To be perfectly honest the waste is waste and I agree that opening up new areas will create waste , but that said at the end of the day had the waste been dealt with as a matter of course in the past as any responsible mining company should have done we would be in a much better place now.

I have encountered differing views and opinions amongst industry professional and analysts as to the gradient inclination of the open pit.

I can't disclose the name but a forum contact from the past who has recently moved to another higher paid mining related position said the Sukari job has been somewhat more involved than initially envisaged, although they seemed pretty sure that there was at least another 3 quarters work at present rate, possibly more depending on anything unforeseen on the main clean up contract and even then the work would still carry on helping to move production along for some time subject to all parties agreement.

Mikefreedom 25th July is when we are due to hear 2nd Quarter/Half year results. It isn't a wall clearance because the unstable ground was mined ages ago. The waste contract is due to complete during this second quarter but when exactly isn't known. I am sure we will hear something loud and clear when it does come to an end.