Centamin PLC Share Chat (CEY)

Hi goldgnome, there is a lot of sh.t still to happen as you suggest, any monies held in banks etc. will just depreciate. Best to keep invested in companies that are essential.

Inflation will be interesting? If the interest rates go up, in a world where productivity has gone through the floor, then debts will be unserviceable.
So many people unemployed and underemployed, hard to get your head around it. A government stimulating the economy in these times...print money like mad!
The paper money is going to devalue massively..no choice
best

the gnome

Quite so Tiger, if only we could go back!
https://www.youtube.com/watch?v=SWBRcWDsHkk
https://www.youtube.com/watch?v=MfF58NuCTZM

According to Peter Schiff there will be a small period of deflation followed by hyper inflation.

I was always envious of the 1970's 'we bought our house for 3 grand' people. Hope i now become one, when my mortgage disappears due to inflation. And ill still have my gold stocks.

Hi Sotolo!
Thanks. I've been pondering this question of what comes next - inflation (actually, stagflation) or deflation.
I think there may be a short period of deflation, at least in certain sectors where inventories are high and demand has collapsed.
But then inflation will begin. It will be all very 1970s again - back to the heyday of Status Quo!

Interesting analyses Sotolo / Tiger. I had to sell another stock to buy more CEY today. I also bought very heavy into POLY yesterday. I think it is oversold a little at the moment, and a bit of knee jerk. The first day POLY dropped, it was up enough the next day to have a good profit, although I didnt sell, but just saying as there might be a bounce here on Monday. Id take it if that was the case, especially as no stamp duty on these.

HI Mr. Tibbles!
I'm a bit dyslexic, so I occasionally get the wrong end of the stick when I first read things.
E.g. Currently I'm enjoying the image of Rick Parfitt and the rest of the band standing on the steps of Downing Street as they take office. All power to the Status Quo!
Hey, Rick's blonde and shaggy-haired and only knows one chord on his guitar. I mean, would we even notice the difference? It might be an improvement!

You did the right thing, I wish I was not fully invested or would have done so too.
Gold in sterling(that counts for us) is down 9% from the top
That reduces Cey profits by about 23%, so shares should be down around 23% from 190 which is 146. It is just about there so still PE of 12 and around fair value with no other news
However reading Crispin Odey’s monthly report today he concludes that the only thing being made in the last couple of months is money, so more of it will be trying to buy fewer things, so inflation is coming very soon
Good for gold and good for your new purchase Tiger

Quite so Tiger, this is what's wrong with the world , corruption and manipulation by those at the top who want to keep the Status Quo to stay in power!

Thanks Mr Cherry bum for you thoughts, I will stick with a company that actually delivers a decent dividend rather than promises of what may never be delivered!
Lets wait and see what happens over the next six months or so before getting too depressed!

I can sympathise with that feeling!
PoG has fallen quite a bit on news that the American jobless figures aren't quite a s bad as expected, but the CEY price has dropped by a lot more, so not just a reflection of the PoG.
It does seem to go off on these runs , good if you have the skill to read them and trade, but not so good for LTH's.

So, gold down 2% or so on some pretty incredible US employment figures - a RISE in the number of people employed when all expected a big fall.
Alas, it seems incredible may be the operative word. After Trump trumpeted the results in a press conference, the government agency responsible for the numbers (the BLS) has already admitted to a huge error (of 3%) in the numbers, and there may be more "revisions" to come.
Is the USA turning into the USSR, where even official government numbers are shamelessly faked? How long till the facade of this Potemkin village collapses, revealing a wasteland behind its painted fronts?
I'm not quite sure I did the right thing, but I added quite a lot at the close. Time will tell...

Once again, and doubtless not alone, I am watching the value of my holding in Centamin bleed away and I am refusing to sell. What a thoroughly frustrating time. I can only assume PM miners are getting dumped to move into oil, airlines, finance and god knows what else. Surely it will all end in tears, no? and yet I fear if there is a fall, the SP will crater again from an even lower price. I hope it's not another 3 years until we are back at 1.90!

why has the drop been so harsh is it because the stock markets up so much

Mr Nibbles , I can understand why you are a bit bitter since the great Centamin is trading over 20p below what is was 3 yrs ago on 9 June 2017.!!! Endeavour is building a monumental company based around 5 or 6 mines and has never mentioned that it would be paying dividends. The ASX exploration company that I invested in 3 yrs ago has now gone up over 4 times so what is the point of a 6% per annum yield then ? Good luck but please do not look at the 3 yr CEY chart as it might depress you further.

The Mossi (main ethnic group in Burkina) have defended themselves from the northern rabble for more than 500 years. Hard to see this changing much

cheers
the gnome

This report by Endeavour is only fit to use to line a cat’s litter tray or to put it in the bottom of a Budgies cage!
Note the slide where they show all Endeavour mines to have lower AISC cost than Sukari. Yet, the company never paid a dividend. It shows you how a mining company can bull sh*t using AISC metrics!

It is of course entirely your decision who to invest with, although you can be reassured that you made the choice of a company with an ethical conscience, integrity, no debt, excellent long term assets, very promising prospects and untapped potential that is already delivering on its promises and paying a dividend!

You are also a member of most probably the best informed Centamin forum on the net, although it is also worth remembering that not everyone who pops up on here from time to time is who they claim to be, some have ulterior agenda's and motives which was very apparent during the Endeavour attempt to carpet bag Centamin, if they had succeeded it would have been a very sad day indeed for Centamin and its share holders , not to mention the dividend!

I spoke to a very well informed contact of mine regarding this, see their opinion below -

I would be very cautious towards what Aton says, and what is the reality!
They claimed to have a mining license when they didn't and they had to publicly row back from that position. I am not aware of their cash position either, but suspect it won't be close enough to the $300m+ costs of building even a very modest sized gold mine.

Keep an eye on them though!

Equities on major stock markets in Europe were higher in premarket trade on Friday after yesterday's announcement of a €600 billion expansion of the Pandemic Emergency Purchase Programme (PEPP) by the European Central Bank (ECB). The investors are also waiting for some data to be announced including the Germany factory orders report and the UK Halifax house prices report.

The DAX gained 0.77% at 7:19 am CET, while London's FTSE 100 increased by 0.53%. The CAC 40 was up by 0.63%.

The euro was 0.09% higher compared to the dollar at 7:18 am CET, trading for 1.13495. The British pound rose 0.14% against the American currency, going for 1.26113 one minute later.

Breaking the News / TF

Ah`sure the weekends are joining up!
Have a good one y’al

15 years gives plenty of time to find more, that is there, at Sukari, so longer and as far as most of us are concerned should be longer than us, it is what makes Cey so special compared to rivals who struggle to explore with fewer finds that are more expensive to mine

Thanks for the reply. I have done a bit research and it says 15 years more. Say 2035?

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://s21.q4cdn.com/954147562/files/doc_presentations/2019/12/Combining-for-long-term-value-creation-Investor-presentation_vf.pdf&ved=2ahUKEwiDt9Tz6ujpAhXrRBUIHUcAC0I4FBAWMAZ6BAgEEAE&usg=AOvVaw3F_woC9poRMqo99XrVVedz

many thanks
Toothpaste

June 4, 2020

'It also allows us, with the new global interest in the exploration potential of the Eastern Desert of Egypt, to open the door to discussions with strategic investors who are seeking to enter the Egyptian mineral exploration and mining sector. We have the most advanced exploration concession and gold projects in the country, and the only ones operated to international standards. This also gives us *the opportunity to work on the legal and technical processes of migrating to the new terms and conditions* outlined in the new Executive Regulations of the Mineral Resources Law...

-------------------------------->>
My Thoughts: Aton relinquishes 25% of their concession but are convinced they are able to migrate to the new terms... I like the direct approach to negotiating with the EMRA - get it all out into the open, say what you want and let the chips fall where they may...

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1485-tsx-venture/aan/78265-aton-confirms-partial-land-relinquishment-at-its-abu-marawat-concession.html

Indefinite.

Hello,

What is sukari approximate remaining lifespan based on 500000 ounches per annum? Until 2028?

Many thanks
Toothpaste