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What a horrid couple of years, even the dividends are poor. My new hope is the yield curve inverting snd a possible drop in interest rates if we look like a recession, apart from that i don’t trade this anymore, I just wander and hold aimlessly waiting for a direction and some good developments from the BOD.
9 days in a row of continuous selling on Centamin. There has never been 10 days of retreat since 1 January 2019. The last at 9 days was the 106p to 80p drop December 2021. Still bought another tranche at 89.22 today.
Alas as I’ve said before Tony, it doesn’t work like this- this is why PMs are such a high risk.
It was only worse then currently when movement was discovered in the Sukari wall 2 October 2020. Gold was at it its lowest in the past 4 years around April 2019, 1270 ish per ounce.
The last two occasions the Centamin technicals on RSI and slow stochastics managed to get lowere then now was around 10th October 2020 and 18th April 2019.
So what happens? the company not turning into fres is it?
Posted 1hr ago
It's been a pleasure to meet you in person James Siddorn. We had lots of insightful discussions 💡 that really helped me see things from a different and more wide perspective 🧭. I'm looking forward to next time we meet 🤝🏼. My best wishes for you Mr. James🍀
https://www.linkedin.com/posts/mohammed-el-shinawy-3bb73810a_its-been-a-pleasure-to-meet-you-in-person-activity-7079814094735704064-xOEk
----------------------------->>>
James is just the latest specialist brought on site to 'teach' the locals how to interpret the Sukari deposit (it was Bret last month). James creds:
I am a specialist in the structural analysis of ore deposits, focused on deciphering the deposit-scale controls on ore plunge, geotechnical domains, seismicity, and hydrogeological pathways. I am also an expert in the applied geological interpretation of aeromagnetic data, and have extensive underground and surface mapping experience, and a broad mining experience in conventional and mechanised underground mining.
I have spent 20 years in the structural analysis and 3D geological modeling of gold...
https://www.linkedin.com/in/james-siddorn-11174614/
--------------------------------------->>>>
I do hope these international pros help decipher Sukari's potential , cuz...
https://www.youtube.com/watch?v=zTcu7MCtuTs
89p Centamin is usually $1810 gold price. At 1915 it should be 103p.
While it is a bit political Mr T. I agree. Personally, after the bank bail outs, I couldn't understand them selling the shares back to the RBS for less than they paid?? They should have at least kept hold of them until they had made a good profit and even better if they had just kept hold of them. Water companies and rail should be nationalised again. How many times has the east coast railway been nationalised and then privatised again. They get it running at a profit and then privatise it again??
Ok --enough of the politics from me for now. :-)
To be fair Berenberg commented yesterday.
27-Jun-23 Berenberg Bank Buy - 145.00 Reiteration
Mr Tibbles , Martin Horgans original announcement clearly said "Possible Bonanza grades".
Seems some people forgot that "Possible".
I trust the vast majority of brokers like a rattle snake at a lucky dip and the corporate analysts are in the pockets of the companies they work for, so i would just like to see some actual measurable proof , that is the AISC dropping as a result of a firm notification of cessation of waste clearance , some news of if the bonanza grades do actually exist and if so how are the benefits being utilised and how much is being saved by running on solar, rather that endless sales talk and promises!
Hi Paul,
Yes lets hope that we start to see a sustained share price recovery once, yes once it becomes more than just yet more promises that fade away like a desert mirage!
On another note what about the bosses of the water companies proposing to increase bill by 40% to do what they have supposed to have been doing since privatisation in the eighties, that is comply with the environmental and public health laws!
The water companies should not have been paying any shareholder dividends or directors bonuses until after they had achieved network that doesn't leak, they was no pollution of natural water ways or raw sewage being dumped in the sea , all dividends and bonuses should be stopped until the water companies are delivering what they are supposed to.
Of course the obvious answer is too announce renationalisation of all the water companies then the market will go short on them thus reducing the share price enabling the government buy back at a fair price , once back in public ownership all the revenue raised can go back into running the mesylate, the same should be done with every other industry that was privatised, it really is the only way to provide fit for purpose public services!
https://www.sharesmagazine.co.uk/news/market/1687948001995710400/update-nationalisation-plans-being-drawn-up-for-thames-water-collapse
https://www.energylivenews.com/2023/06/28/water-bills-set-to-soar-brits-face-up-to-40-increase/
I’m surprised we haven’t gotten a mention from the brokers/analysts this morning.
This can be painful at times Mr T. I was just checking when the dividend will be reinvested with HL and it is usually between the 11th and the 21st. I was hoping the dividend would have gone through around now at this price as it always seems to go up at reinvestment time. At least it didn't go through with the 5p spike yesterday morning.
I think we need a few things to start lining up for us to get an increase in the share price (after the dividend has been reinvested!) ----good figures with the next update, with ounces mined and better AISC, and also looking towards the end of the waste clearing contact---------and obviously the gold price to climb a bit as well. As always , a few director buys wouldn't do any harm.
It always seems that when we get on a bit of a good run up into the 110's and above, that we get the slide back down.
I really wasn't expecting this to dip much below a 100p
As usual , fingers crossed for the golden flip flops.
Gold down a tad, but spanked again today despite some positive news, market still doesn't trust Centamin!
Centamin PLC (LON: CEY) shares rose on Tuesday after the company released the results of its pre-feasibility study (PFS) of its Doropo Gold Project located in northeastern Côte d’Ivoire.
The PFS revealed a Maiden Mineral Reserve Estimate of 1.87 million ounces of gold.
https://www.mining.com/centamin-shares-rise-on-positive-pfs-for-its-doropo-gold-project/
Valid points Sotolo, it makes sense to learn as much as one can about any company in the past and present and part of this research is taking part in forums such as this.
Cowichan, thanks as ever for your research and views, the great thing about this board is the breadth of opinions and the tolerance. The wonderful Siko has posted while not owning any so please ignore the few insults and keep posting; I might disagree with you sometimes but greatly appreciate the freedom to do so.
European indexes rose in premarket trading on Wednesday as investors awaited data reports from across the continent, including Italian inflation figures and continued to focus on the European Central Bank's (ECB) forum on central banking in Sintra, where the bank's head Christine Lagarde said on Tuesday that it is unlikely the ECB will say "in the near future" that the interest rate peak has been reached.
The Euro Stoxx 50 climbed 0.45% at 7:37 am CET, the DAX increased 0.37%, the CAC 40 added 0.38% and the FTSE 100 traded 0.31% higher at the same time.
The euro lost 0.07% against the dollar to go for 1.09529 at 7:39 am CET and the pound declined 0.16% compared to the greenback to sell for 1.27307 at the same time.
Baha Breaking News (BBN) / NP
Happy hump y’al
The short answer is that I would very much like to be invested, again.
I think an investor ought to do his/her homework before, during (and after in my case) so as to not be caught unaware.
I'll ask you, what is the alternative - take the management's word for it? That hasn't been a reliable or forthcoming source - so I seek alternatives. Do I think Centamin is investable ? Not at the moment - too many unknowns. Can it be investable again? Sure - but as I regularly point out - the current management takes extreme liberties when sharing info. (some of it blatantly misleading)
The best outcome I see is a takeover by a reputable team - perhaps B2gold - then I'd have the confidence in disclosure - and the diversity we as Centamin shareholders were promised many many moons ago.
I hope that answers your question satisfactorily? Centamin is but one of many companies I track and have invested in over the decades. Posting on here really doesn't take much time - it's a tiny fraction of what I do daily. Best, D
Hi 3bear,
As a long term holder I can assure you that Cowichan in'snt in the pay of any organisation dedicated to promoting negativity towards Centamin.
To be fair Cowichan has been instrumental in promoting good news and positivity about the company on many occasions in the past.
I wrote to the company and to its PR company in August 2022 asking if Sukari “Bonanza grades” have been verified as genuine and their presence and quality can be verified by other experts other than Mr Mc Phail?
I thought you were back in on the 15th of June??
The biggest impact of the RNS was the company holding 1.8M gold ounces as probable reserves. It was not Indicated resources it was reserves. The value of a gold ounce as a reserve without a functional mine is typically $100 per ounce. Perhaps with respect to the grade of ore it may be as low as $80 per ounce. An indicated resource ounce at higher grades may be valued at $40 per ounce, but again let us say it was $30 for being under 2g/t. So the value impact over previous RNS knowledge on Doropo was $50 x 1.8M ounces = $90M in the ground value. This value is worth 6.7p per share. The rise in the share price was completely justified. The sell down retreat may have stopped Centamin falling into the 80's on gold's retreat. The stock is approaching a bottom it is possibly a good buying opportunity. It has a tailwind of Doropo reserves valuation, 22% increase in production over H1 into H2 and we are getting improving news on the India monsoon weather when I last posted it on here yesterday.
The mine of course is open pit and it requires $73M infrastructure spend now all included in the costs. Infrastructure includes roads, power connections to grid and other utilities. The AISC and gold price assumptions reflect the inflation impact since June 2021.
All the best Tony
Can I just ask you Cowichan in all honesty are you being paid to post on here, or do you have some other motive?
It's just that flipping through your posts there is an unremitting stream of extreme negativity about this company. I find this odd in someone who is no longer invested.
It's just that when I'm not invested in a stock I have no interest in the chatboard, couldn't care less? Why would you spend so much time sledging a stock you were out of, unless you had a reason to do so?
The post of yours that freaked me out was when you suggested the guy who oversaw the bonanza grade drill results for CEY might be a fraud?
You are coming up with really quite sophisticated content, at an incredible output rate, all of it trashing a stock you're not invested in.
To be clear I don't want you to justify you posts, I want you to answer the question: Why are you doing it?
Please do send me an email (what we're doing here is called a 'chat' post)
I have no problem letting you know who I am : https://www.linkedin.com/in/don-lawson-98619370/
please do the same and share your linkedin account for all on this chat forum to see , maybe we can be reconciled ? want to friend me ? Jesus did.