Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Paul,
Its been so long since we had some really good news that I no longer expect it,although should we get some it would be fantastic!
If the directors made some meaningful purchases at this level it would help!
Tibbs
Hi Rebess so while the mill was out of action they could not process ore of course but carried on truck and shovel operation and piled up the "Run of Mine" (ROM) in a heap next to the mill. Since October 1 the mill has been grinding thru this at max capacity so I expect Q4 to be a belter, in excess of 130,000oz. Likewise Q4 revenues with 60,000 of those ounces guaranteed at 1900 whatever happens to the GP, should be good news.
M Henderson,
Thank you for your post, in case you have forgotten I have reposted below my previous reply to you as the basis of it is still relevant to your latest claim that Martin Horgan is lying to share holders and indeed the market, these are serious accusations which if you can substantiate should be reported to the company and the market regulator.
I will anyway inform the company and depending on their response possibly seek the advice of the FCA
My previous reply to you
Its always easy to claim prior knowledge of an impending event post event , but I did take it seriously even though the you provided no evidence or source of the information.
In defence of Centamin they are to great extent limited by FCA regulations regarding what can be released into the public domain and so possibly they decided as the situation was already being dealt with as a matter of course there wasn't any justification for an RNS which could have influenced the market.
Just to clarify .after your claim I contacted The Head of Centamin Investor Relations, see their reply below -RE: Clarification announcement about the news circulating regarding the stopping production in Sukari for more than 10 days ?
From Centamin
We are not aware of the news you are referring to.
We had a substantial plant maintenance programme scheduled in Q1 this year, which was successfully completed as planned: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4275992&lang=en-GB&companycode=au-cey&v=.
For clarification, the Sukari paste-fill plant commenced commissioning in Q2, not the gravity circuit. The Sukari gravity circuit is in the design phase with a construction decision expected by the end of this year: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4357244&lang=en-GB&companycode=au-cey&v=.
Head of Centamin Investor Relations
So M Henderson with these facts in mind if you are still suggesting that there is some impending unannounced but detrimental news that Centamin aren't disclosing then may I suggest that rather than spreading unsubstantiated rumours on internet forums that you contact Centamin for an explanation and if you feel that their response is insufficient then to refer your claims to the FCA.
In the meantime I will inform Centamin Investor Relations that you may be in contact with them.
A valid point Mr Bond.
Thank you Mrbond, I totally agree with you.šÆ
Shame on you Horgan , enough lying !
more than 30 days for a pre-emptive repairs !? why was it not included in the maintenance plan before setting the guidance ? you can say the truth, a technical issue happened and took more than a month to fix it.
Half a truth is often a great lie !
I put it on another thread. From last weeks RNS
"Doropo Gold Project definitive feasibility study (mid-2024)" so I assume a decision will be made one way or another?
Sukari mill was receiving repairs in this period.
Hi Rebess,
A big ask indeed!
Will they deliver gold or disappointment, if past experience is anything to go by I think most long term holders will have an opinion!
Doropo, I get the impressionism from independent sources that the grades are nothing special, so will it be used to divert attention elsewhere with more money down the drain to end up as another "Dropo!"
Chances of this going back to a quid are getting slimmer and slimmer. Even the sustained POG isn't making this work.
Correction: - In Q4 a 27% increase over Q3.
128,100 oz required in Q4 to meet lower end 450,000 oz guidance. - This means a 20% increase over Q3 production and an overall /average quarterly increase of 13%. - A big ask I would suggest. - The truth will out.
Well just a quick look and the market doesn't like it. I said last week i was expecting a bit of a spanking, even though it was announced last week that the oz's mined was lower. I am not brave enough to get out / or have enough shares to get out and back in before an update-------even though I cannot remember a recent update causing the price to go up.
Lets hope the price makes a bit of a comeback later today.
One thing I did notice in the update was this.
Doropo Gold Project definitive feasibility study (mid-2024) -------------I'm assuming that will mean the decision will be made one way of another to progress or not? Any thoughts on that.
I'd be interested to hear from Dasut and Sotolo on their thoughts for the next 6 months and maybe until the end of 2024.
Any good news anyone? :-)
Quick scan looks as expected- now itās up to the market so no idea.
No worries Ken23.
Q3-
As expected which means a a good catchup required in Q4 required to make up the difference, but stated this will be done - but of course, this was already known.
Steve, thanks again.
As always if your strategy works then stick to it.
So earning awas not that good then
The Company will host a webcast and conference call today, Thursday, 19 October 2023 at 08.30 BST to discuss the results, followed by an opportunity to ask questions.
Webcast link: https://www.investis-live.com/centamin/6515595de7d60c12002cfe2b/fgsw
Itās very easy to do - I trade around key data releases as Iāve posted on this board many times.
I trade in the region of Ā£80-100k and pay Ā£6 per trade so small movements equate to profits and losses on small moves.
Just look at the high and low of days when key economic data comes out, how this stock can move.
I do same these days from time to time on gold futures too now.
One caveat is that Iāve extensive experience and have built mot own model which i constant revisit and adjust- at moves in certain economic levers equate to different movements depending on other simultaneous data release.
European stocks traded lower on Thursday premarket as companies in the area continued to release their latest earnings reports.
Before the opening, Renault released its third-quarter earnings report, saying that revenue rose by 7.6% to ā¬10.5 billion. Meanwhile, F. Hoffmann-La Roche AG's sales decreased by 6% to 44.1B Swiss francs in the nine months to September.
The DAX lost 0.44% at 8:07 am CET, the CAC 40 fell 0.50%, and the FTSE 100 declined 0.48%. The pan-European Euro Stoxx 50 inched down 0.77%.
At the same time, the euro was down by 0.07% against the dollar, selling for $1.05292, and the pound lost 0.22% to go for $1.21143.
Baha Breaking News (BBN) / JG
Https://www.centamin.com/media/2999/cey-rns_-3q23-quarterly_final_191023.pdf
Steve, thanks for a strait answer I respect that but seems by your answer your a day trader when you say you don't hold overnight positions on PMs for fear of bad RNS
So I find it hard to see how you can work on data over such a short period if time.
Atb
Ken
Amazing series of events in Gaza and surrounds, by (probably a smaller group causing the strife, than those forced to suffer the consequences, again) people who continually demonstrate they have learnt nothing from history (are they capable of learning, and if not then what does this imply?).
When will it end? and How? 2,000 years of history suggests it will be ongoing----Ā»
It does make me wonder what G*d thinks of the goings on,
just a passing thought and comment for what its worth ...
Good luck to all those who are forced to suffer ...
the Gnome
Thanks Cowachin.
As I alluded to predictions in the mining industry arent too good.
Notes
1. I am intrigued about the small range of ASIC costs now predicted in January 2024, so obviously more confident about what these are likely to be. The closer to the event generally your ability to predict is better, and you are more confident
2. Jan 2022 to Jan 2024 has seen a few events (which are continuing) which cause costs to rise. COVID, Ukraine conflict, and now the ridiculous events in Gaza. Lets imagine inflation measures are a guide to cost increases and in Egypt we see numbers like "In the long-term, the Egypt Inflation Rate is projected to trend around 11.00 percent in 2024 and 8.50 percent in 2025, according to our econometric models."..thats per annum. If you look at the midpoint of the respective ranges, and compare the difference you see that it is about 13% over the 2 years. My guess is inflation in Egypt about 14-16% over same 2 year period (I suspect a little on the low side) and in the US about 12% (I suspect a little on the low side)
So am I not gnashing my teeth and howling at the moon about the difference. No.
The change in strip ratio is worth commenting on and explaning, and has not been, that I have seen. A competent CEO would explain this to his/her owners (the shareholders), especially those that have suffered from disclosure issues in the past (as CEY shareholders have). I do not know enough of the detail in variance on grade, geometry, geotech, geomet, to comment, but the CEO obviously should. I would pursue this line of questioning until a reaosnable answer is provided
regards
the gnome
Yes, I'm out- as it's a straight gamble which I don't like to take.
I trade on my known key points, which I trust and utilise when the odds are in my favour- I'll see the lie of the land and jump if it it goes the right way and other things are ok at the time.
I hope it does go up though- as I like to trade, and won't go back in if it drops on the open, unless of course, other data directs otherwise.
I tend not to like to be in overnight in any case on PM's as a rule, as they can get hit by a big issue and can deliver a nasty unexpected (by me), RNS at 07:00 any day. I can't predict what is or isn't priced in, especially when a miss to forecast is known and already out there.
Just like in Venezuela & Lebanon. First your money becomes worthless, then its use becomes restricted, and lastly its not yours anymore, its the banksā¦ Goodluck Egyptians š„³
https://www.instagram.com/p/Cyih932IK8L/
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Ahram Online , Tuesday 17 Oct 2023
The Central Bank of Egypt (CBE) issued new instructions on Tuesday to regulate the use of credit cards for transactions in foreign currencies abroad amid concerns of misuse.
The decision was taken as the CBE has noticed recently āmisuse of credit cards by withdrawing cash from abroad despite not travelling,ā the central bank said in a statement on Tuesday.
Banks have already started to inform customers of the limit of their domestic transactions.
State-owned National Bank of Egypt (NBE) limited domestic transactions to the equivalent of $250 per month.
https://english.ahram.org.eg/NewsContent/3/12/510436/Business/Economy/Egypt-sets-new-rules-on-use-of-credit-cards-abroad.aspx