Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Physical gold price will rise from the Cartels ashes in 2024
The synthetic disconnect between the speculators and the COMEX and delving into the behind-the-scenes moves affecting gold prices.
The precious metals expert takes listeners through the current bullish market behaviour and what’s driving it as we approach the end of 2023, harkening back to his start of the year predictions about the impact of Basel III NSFR compliance.
https://tinyurl.com/yc7u6vac
Well said Rebess and Sotolo!
Agree Sotolo - As indeed your posts are most enlightening with your number-crunching assessments that are so relevant. - Especially when exchange-rates and inflation are taken into consideration. Factors that are so often overlooked.
Re The Group has not entered into any forward gold or fuel hedging contracts.?
Centamin has purchased put options for 240,000 ounces of gold at a strike price of $1,900 – 4 per cent below the going rate, but the gold price should be supported over the medium term due to the likelihood of US dollar weakness. The shares continue to trade below book value once cash is factored into the equation.
https://www.investorschronicle.co.uk/news/2023/07/26/centamin-earnings-up-despite-a-capital-intensive-phase/
Rebess., I would concur. We don’t have to agree with each other. In fact it is positively helpful to read views from all sides some of which we will disagree with, but focus the mind. We live in a sad period when many only want to read or hear views like their own. So please all keep posting, including Siko, but do try to keep it civil, this is not the school yard that many would like to return to, though certainly not me. So thanks all, have a great weekend, and let’s hope we head north next week.
Not taking sides, but love him or hate him - Cowichan does support his comments with facts and figures and reasoned argument. - Those who seek to counter should do the same. - IMO
I would add that down the years he has been a prolific poster and provider of interpreted information relevant to Centamin and most useful to all here.
3bear of course the build stage will be difficult because outgoings will be obvious but what is the alternative (look forward to hearing from our members)?
Centamin is a mining company and there is no cheap way of being successful in extracting minerals but we need to be thankful that the end product is gold. The risks are far greater when mining the likes of nickel, copper, manganese, rutile, bauxite,coal etc.
Paul, Definitive study (mid2024) is this when decision will be made?? Who knows the way forward like any business plan that any company puts together is gaining the confidence of the backers, be they the board using internal funds or outside finance organisations.
My view for what it is worth is that Centamin are being over conservative and plans should already be in place to go mining at Doropo in some form. From what I have read about the metallurgy is that they could open up the mine and at the same time start laying down leach pads to accrue revenue, whilst plant is being built.
There again I am an old f..rt who is looking in from the outside.
Filled post after hate filled post on LinkedIn these days.
If I was their boss they wouldn't have spare time to post this during work hours. But sadly , this included Centamin group managers and every level of employment at Sukari.
Ahmad Mohammad likes this
Muhammad Ahmed Eid, ISEE®, PMP®
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Drilling and Blasting Manager, ISEE Membership
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Connect with Muhammad Ahmed Eid, ISEE®, PMP®
America must immediately stop meddling in and corrupting peace among nations and international communities.
Everyone knows that Israel is not a state; Israel is a corruption hotspot, planted by America to corrupt, destroy, and steal the resources of the Middle East.
continues...
Tibbs why don't you think Doropo is a goer?
To me it looks a straight forward 150/200,000 ounce per annum ore body, OK nothing fantastic but a healthy addition.
Horgan has a pretty good record operating in West Africa which suggests he and his team are well connected.
Coup's occur in Africa it is all part of "development" as is corruption all taught and gleaned from outside influences, certainly not invented in Africa.
Yes agreed it don't come cheap but if investors don't understand that mining is capital intensive and risky then why invest in such ventures?
When was the last time you purched any shares in this company can you remember ? You proudly told us you were out.
:-)
You posted 'seems to me Cowichan is not on our side'
yet , who else on the LSE chat board highlights the data Centamin's management would rather bury in the pages or obfuscate behind a misleading headline ?
if you figure somebody who wants to prevent you and other LTHs from being deceived and ultimately losing money isn't on your side, you have no business purchasing shares in any company - ever
Gold equities don't seem to be moving as convincingly as the gold price. This doesn't seem to be a Centamin thing.
I believe the below from CEY's 2022 annual report is still true?
'(d) Commodity price risk The Group’s future revenue forecasts are exposed to commodity price fluctuations, in particular gold that it produces and sells into the global markets and fuel prices. The market prices of gold is the key driver of the Group’s capacity to generate cash flow. The Group has not entered into any forward gold or fuel hedging contracts.'
I just purchased some more shares at 82p- lets see if the gold equities market wakes up in the coming weeks. I bought some more GDXJ and Barrick a few weeks ago. Barrick up 20% since, CEY up 5% from the same date. Lets see if CEY catches a bid following the some plugging in the Sunday Times etc over the weekend. Back to 100p in the coming weeks?
Gold hits all time high today and Cey is 83p (both in sterling that counts for us). Hoc is leggin it back above us as suggested it would when bought more on Inmaculada permit news, should soon exceed £1
Non of the UK gold mines follow gold price. should have invested in barrack gold instead...
Seems to me Cowichan is not on our side, recently all he's interested in is trashing this stock. There is no bit of news relating to this company that he will report as positive though there has been plenty.
Gold: YTD +0.8% 5yr +60% (note- marginally down though in the past 3yrs)
OK:
All of the below are EXCLUDING Divis- inflation is the key common reason- precious metals nowhere near keeping up with inflation past 5yrs:
CEY : YTD -28% 5yr -19%
FRES: YTD -40% 5yr -40%
HOCHS: YTD +16% 5yr -47%
SRB: YTD +30% 5yr -6%
SHG: YTD +11% 5yr +135%
BARRICK: YTD -7% 5yr +29%
NEWMONT: YTD -21% 5yr +32%
For comparison on some key indices:
FTSE 100: YTD -2% 5yr +7%
FTSE AIM: YTD -19% 5yr -30%
S&P 500: YTD +12% 5yr +61%
Dow J: YTD +1% 5yr +35%
NASDAQ: YTD +27% 5yr +84%
NIKKEI: YTD +22% 5yr +48%
HANG SENG: -15% 5yr -31%
Ignore my last post- pressed wrong button- will complete shortly.
All of the below are EXCLUDING Divis- inflation is the key reason- precious metals nowhere near keeping up with inflation past 5yrs:
CEY : YTD -28% 5yr:
FRES:
HOCHS:
SRB:
SHG:
BARRICK:
NEWMONT:
Hi Rebess, I wonder if the recent Centamin price hedge contract is similar t this ?
https://www.lbma.org.uk/alchemist/issue-12/the-hedging-advantage
Hi Rebess,
Agree entirely!
Price of Gold very close to $2000 now and likely to breach this over the coming days and yet Centamin sp is nowhere to be seen. - People can philosophise all they like and experts can expert all they like, but something doesn't add-up here.
I'm pretty sure that everyone including Cowichan hopes that you are right, shareholders certainly deserve some good news!
All too often Centamin shareholders seem to behave like startled rabbits in the car headlamps, frozen stiff, afraid or unsure which way to move and seem afraid of asking a perfectly reasonable, or possibly awkward question, or even express what may well seem to be a justifiable criticism because they think it might be used by the market or traders to knock the Centamin share price down from its already bottom of the bargain bucket price, this of course is ridiculous to say the least!
The gold price is getting close to $2000 and yet the Centamin share price is less than 85p, that speaks for itself, people understandably remain deeply suspicious of he marketing and slick presentations because Sukari has yet to deliver and the Cemtamin management have gained a reputation for feeding the shareholders baloney, not even good balcony far too many times for far too many years in the past and it seems from this latest Q£ report that they may be trying the same tactics again!.
Cowichan is on our side, he does the research and asks the questions which really Centamin should answer, or at least give a reason why they choose not to, but instead they resort to blocking him on social media and linkedin, one must question the reason why, surely even if the question is based on incorrect information isn't it better to respond in a polite and professional manner, failure to do so does not put the company in a good light!
My emails to Centamin and to FTI now go unanswered , although I am led to believe that this is now the new company policy!
I would be delighted have some substantiated proof, or reason to praise the Centamin management, but as yet I can see no reason to do so, in fact quite the contrary.
Hi Paul,
I suspect they know more than they are letting on now!
How many time have we heard this in the past, how do we know its not more kicking the can down the road or stringing us along again?
Mr T --check the RNS from the other day.
It said "· Doropo Gold Project definitive feasibility study (mid-2024)"
Is that when the deciion will be made one way or another?