We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
OK so Q1 down as far as ounces concerned even on the 45% by mid year so quite some work to do in Q2 to give the resemblance of getting on track for year end guidance.
So even worse than I envisaged can I find any good news other than the jam tomorrow presentation?
Well yes I am very impressed with the tonnes of ore moved. Not so impressed with the strip ratio as this is where the cost per ounce is currently crucifying us.
So question will be how long or how many ounces need to be extracted before we start seeing a break even number ?
I am sure this is uppermost in the mind of the operational team. Which leads me on to another piece of good news and that is that we now have a General Manager at Sukari who is a real hands on General Manager not a political appointee or mouth piece of the CEO.
Martin Horgan is another piece of good news as he definitely has his fingers on the pulse and understands what is happening in detail pretty much on a day by day basis.
Bad news for shareholders is that SP crashes yet again and this was definitely something I was expecting but the traders will love this certainty.
Another three months of wait and see.
Very disappointed with the Q&A session especially from the major investment organisations, does this mean that everything was as expected or do they not understand the need for information?
Joined you Tony - another 20,000 into the pension pot = $1000 divi + min $1000 for 2022 plus expectation of Q2 lower Aisc, higher ounces, higher average realised gold sales. Bing bang kapow.
10,000 shares in the ISA. You have to love the discounts they give on Centamin and you get 3p divi later on. To grow things a seed has to be planted first. Today is planting day on Centamin. We now need good weather.
Roofer good luck, too many people are short sighted and dont see the bigger picture. I'm here for $2500 and above gold prices. Once those gold prices are reached I imagine CEY will be trading considerably higher than now. Especially as things are looking better regarding outlook. Lower AISC, higher production & lowering capex. Its a super level for entry :)
Good entry point or top up point. As the Board says all things still in line......
DYOR
I think i will join you Dusterman , Gla
What did anyone expect its normal, the SP is driven by short term traders, CEY is a paradise for them.
I don't understand your point of view. Guidance is re-affirmed and the contractual issues are now in house so the company has more control. It is good news for me and happy to stick with it. All miners seem to be facing increased costs and re-configuration this is no different but this CEO has at least seemingly got a grip now.
A low production quarter means playing catch-up for the rest of the year. - The usual story. - For me, and I know I may be in the minority, the continuing bad-news is not telling a recovery story. - It is telling a story, but not the one we want to hear.
Great emphasis on Q2 now, they have to pull out of this seemingly uncontrollable dive. - Unless of course it is a controlled-dive. -
There are some films that you have watched a few times and although you know it will turnout OK, it doesn't make the bit you are watching any less scary.
I can't help feel the same about Centamin. I am pretty confident it will turn around but that doesn't make the current level of production and therefore AISC as well as the ensuing reaction to the SP any more pleasant to watch.
Let us hope that this is indeed the nadir and that hereon in we are sailing to a better place.
Best wishes to all,
Prof
We certainly have 1970's style stagflation with higher inflation and low growth.
AISC is going to drop off now, ounces to increase from now onwards. It seems the worst is behind CEY. So a great time to buy if you think gold is going prices are going higher, which I certainly do :))
I knew this would happen that's why I sold on the bell...just bought back in with 7% discount...forward looking statements are getting better, gold to move higher. I'm happy with that....ohh and the divi soon too :))
Might be a great entry point as outlook positive plus you get the divi.
Finding buyer support between 91.5p-92.5p. The company did warn everybody that Q1 was a costly difficult quarter. At some point Q1 is old news and the forward outlook will prevail. 1/3 of the capex is done for the year. Its a good job it was done at a high gold price. Huge amount of stripping out of the way.
Down more than the divi and again when goes ex, not been a good investment at all
On a positive you could top up for the guaranteed 5c divi.
Razor, I think that's the most positive one can be on the results.
The $1533 AISC particularly is not great - albeit it's common across other gold miners I follow. I had hoped the solar array would shield us from energy increases, but alas no.
The huge drop in margin across gold mining is going to impact supply at some stage. But there's a plethora of new supply in process of the current investment cycle so this is a few years away.
The wider perspective is CEY is cheap on historic measures, debt free, building its JORC reserves, and is looking to improve operational efficiency, so is pursuing the right strategy. So looking beyond the quarter is holding for the long run is my perspective here.
Headline statements of positivity and jam tomorrow again, don't hide the figures - low ounces with ensuing high AISC etc etc etc
Centamin reiterates its 2022 full-year guidance
Equities in Europe traded lower in the premarket on Wednesday ahead of the release of the newest reports on Germany's producer prices, and the euro area's industrial production and trade balance. Investors will also keep an eye on the developments in the conflict in Ukraine, particularly after Russia gave that country's army an ultimatum to leave Mariupol by 2:00 PM Moscow time.
The DAX declined by 0.12% at 8:02 am CET. At the same time, the FTSE 100 decreased by 0.15%. The CAC 40 fell by 0.15%.
The euro gained 0.28% to the dollar at 8:02 am CET to go for $1.08176, while the pound sterling increased by 0.26% against the greenback to sell for $1.30319.
Baha Breaking the News (BBN) / JR
Good luck today y’al
Let's hope gold bounces back tomorrow too...if it continues to drop that won't do any favours for mediocre results...expected are not
My guess is a hopeful 100,000 ounces which might give the SP a chance but won't be enough for an end of quarter profit.
Dear Mr Horgan,
The following paragraph appeared in the last quarterly update of January 19th, 2022 ;
"In Q4, surface exploration on the 160km2 Sukari Mining Concession commenced with a prioritised 10,000m drilling programme, targeting potential satellite deposits to the Sukari processing facility. The programme is near completion and assay results are expected in Q1 2022."
Therefore, please start delivering on the expectations set from quarter to quarter and give us some results from the 10,000m drill program circa Q4 2021.
The decade-long pattern of management failing to deliver on stated outcomes needs to end.
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4028831&lang=en-GB&companycode=au-cey&v=
I'm a bit more optimistic than ya'll then.