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Question:
Why hasn't Centamin disclosed a maiden resource for Napelepera & Wadaradoo deposits?
It would be a huge LOSS to #CEY investors if Burkina assets sold below value but a literal STEAL to a buyer like @EndeavourMining
I've been asking for YEARS with NO reply
@TheFCA
https://twitter.com/DonLawson_/status/1435984301267435521
------------------------->>>>
Today's RNS advised Centamin investors to submit their questions for the geological update - here's one I've been posing to Alex at IR for a very very long time. Please copy and paste into your own email if you feel this is an issue that needs an answer.
Even if it's an answer we're not going to like - disclosure is the pathway to rebuilding trust with LTH's who've endured more than their fair share of mysteries...
Just how much profit does a miner have to make before they become attractive enough for people to invest in one?
When you compare them with say the fang stocks with ridiculous PE ratios, not much upside potential and massive downside risk.
Where as centamin is paying a good dividend with considerable upside potential and little risk of further downside it just doesn't make any sense to me !
Well at least when we get our dividend its a no brainer for me where my money is going for the best return.
Thank you very much rebess for taking the time to explain your comments and set out your thoughts on Centamin.
I'm a newbie to this board and stock too in terms of looking at it a bit more closely now but have observed from afar for many moons and always intrigued by the roller coaster ride and market reaction to the various situations they live through.
For me the trust issue pretty much sums up why I've not got closer to it or indeed become an investor but I'm in a position to do so now attracted by the volatility in some ways, certainly at the accumulation stage, and the dividend which is quite important to me where I'm at, as well as a future macro outlook of a terminally(?) declining dollar, with increasing questions about it's right to being the default world currency/US debt and the resulting effect that would have on the gold price which many view is due a bit of an amazing run considering its multi year consolidation.
This is balanced against some doubts about the security of the geographical location and 'wonder' at their balance sheet position and how with all that has occured over the years they have managed to achieve and sustain that.
I appreciate I may need education on my views but I am currently wondering if it might be considered a good time to purchase/start building a position not least regarding the pull back in share price from over a £2.00 peak to relatively low historical levels.
NOTICE OF GEOLOGY CAPITAL MARKETS EVENT
Centamin will host a webcast capital markets event on Thursday, 23 September 2021. Members of Company's Executive and Senior Management team will provide a technical presentation on the Company's approach to geology and exploration, framing the embedded growth opportunities within the business.
The event will start at 10.00 BST and, including a Q&A session, is expected to end no later than 12.00 BST. A replay of the event and presentation material will be available on the Company's website.
EVENT ACCESS
To join the webcast: https://webcasting.brrmedia.co.uk/broadcast/612e5ff612f0cb436ea6856e. Please allow a few minutes to register.
QUESTIONS
Investors are welcome to submit questions prior to the event through the above link or by emailing investor@centaminplc.com.
NOTICE OF GEOLOGY CAPITAL MARKETS EVENT
Centamin will host a webcast capital markets event on Thursday, 23 September 2021. Members of Company's Executive and Senior Management team will provide a technical presentation on the Company's approach to geology and exploration, framing the embedded growth opportunities within the business.
The event will start at 10.00 BST and, including a Q&A session, is expected to end no later than 12.00 BST. A replay of the event and presentation material will be available on the Company's website.
EVENT ACCESS
To join the webcast: https://webcasting.brrmedia.co.uk/broadcast/612e5ff612f0cb436ea6856e. Please allow a few minutes to register.
QUESTIONS
Investors are welcome to submit questions prior to the event through the above link or by emailing investor@centaminplc.com.
All mining companies working on huge debts. This company has zero debts. Running profit & cash at bank always above $300m. if anyone investing £500k they will get a div £36 k /year. new license on the way 3000 s.k
No debts.
21.5p share price is cash in the bank.
The company is on course to earn 8p per share in the year. Ignoring cash on the balance sheet it trades trailing PE of 11.6 and 8.8 PE with cash discounting. The forward PE is around 7 PE when discounting cash in the bank. This is beyond ridiculous cheap.
Thanks, Rebess, that's very helpful and mostly agree. They have delivered Q1 and Q2 to plan, though, haven't they? And if, like you say, they usually increase production for Q3/Q4 then we shall be looking at healthy achievement of the annual targets.
On a separate note, I have recently asked James Husband of Buchanan, what is the situation with the wall issue and below is his reply:
"The October Operational Update you refer to noted the early detection of movement within the Stage 4 West wall. This early detection by the Company’s geology team and technology allowed immediate stabilisation and rehabilitation to ensure no issues with subsidence. The remediation plan, which included mining the waste above the area of instability and drilling some depressurisation holes, was completed in the first half of 2021, and mining will resume in the area H2 2021, as per the 2021 mine plan."
I don't know how much to read into that but should they not be increasing their production if they resume mining in this area in 2H2021? I will be asking this question for their planned conference in September.
Hello Seible
Apologies for the vagueness. On reflection, my comment is geared to LTH's here. - It is correct to say that Q3 is just a reporting period linked to progress towards forecast annual production. A compass-check if you like to ascertain that we are on course.- The meeting of forecasted production is a very important metric in relation to how the 'Market' views a company and the trust they place in its management. - This is then usually reflected in the SP and the P/E weighting. - In recent years, Centamin's forecasting has been heavily-weighted towards H2, therefore placing the heavy-lifting on Q3/Q4 production, whilst at the same time allowing for relatively poor Q1/Q2 production. - It's all gonna come right in Q3/Q4. - So, operating in this way leaves a mountain to climb in order to meet H2 production targets. - The first test of whether these targets are achievable or not is Q3, hence my phrase 'Truth quarter'. - If Q3 fails to produce the increased production required to keep forecast on track, the game is more or less up. It leaves Mount Everest to climb in Q4. - The market realizing this, reacts accordingly. - For the last three years, Centamin has failed miserably to meet forecast. - On each occasion ,the truth of the deception was revealed in Q3 reporting. It became the time when all manner of things started to go wrong and used as reason for failed production. As a long term-holder here, I predicted these events would happen although I take no pleasure in saying so. - So, do you get it now ? :-) - In terms of this year's vastly reduced forecast, Q1/ Q2
are pretty much in line with forecast, so there is not so much of a mountain to climb in H2. - On this basis, you never know, we may be in for a pleasant surprise. - BTW - I've noticed quite a few, mainly new posters I think, questioning how/why the SP in Centamin can be as low as it is.. - I hope this long-winded reply of mine helps shed some light on this question. - It can be reduced to one word. - 'Trust' - or in Cenatmin's case - Lack of it. - Good luck
i2434.... I think it refers to close of yesterday.
On the first paragraph is says equities traded higher in premarket, then on the second paragraph it says the FTSE was down 0.71%. I'm confused!
Equities in Europe traded higher in the premarket on Thursday ahead of the European Central Bank's latest decision on interest rates. Earlier, the Bank of England noted the COVID-19 pandemic led to transitory rises in inflation. Meanwhile, Federal Reserve Chair Jerome Powell said the United States' economy followed a downturn trend in July and August.
The DAX went down by 0.42% at 7:30 am CET. At the same time, the FTSE 100 fell by 0.71%. Meanwhile, the CAC 40 decreased by 0.52%.
The euro stood flat against the dollar at 7:31 am CET, selling for $1.18145. At that moment, the pound sterling lost 0.10% to the greenback to go for $1.37569.
Breaking the News / JR
Rebess - can you give some further detail on why Q3 will be of such importance and what "truth" should be revealed? I thought it is just the case of checking their progress towards the annual production targets...
Halfpenny you have totally misunderstood my sir/madam
19/10 - Next reporting day, however, the reporting of Q3, the 'Truth quarter'. - Usually, they've been able to kick the can down the road to this point, but, the truth now has to be revealed. Either that or make something up like a mine incident or whatever, as a cover to hide the truth. - This is the big one guys. - Should be interesting. - Let's hope we come out of the other side with a smile on our faces. - Also, can't wait for Cowichan's W.Africa questions to be addressed.- There's another truth issue at stake here.
That's what I can't get my head around
Pensana had a webinar today with Q and A with investors. Great news as it builds transparency which is a positive criteria for investment.
Thanks' for the information Mr Tibbles, much appreciated
Very patronizing comments there RE. The forum is not all yours and is open for all members to post their own thoughts I believe. This is the reason I don't post that often anymore..
Thank you MrTibbles for the heads up.
This forum is the pits with no edit feature, no delete feature, it really is primal.
Centamins next market update is on October 19th (the Q3 report) which for once is playing into my current financial position very will.
I truly don’t want anything positive for the share until the end of the month.
Good company, I have every faith.
Thanks again.
MrT I think you are confusing me with Bryn85. I never made a reference to you loving the smell of your own farts. Lol.
the outstanding day one was hoping for.
Thank you MrTibbles for keeping Centamin shareholders in the loop and well informed!
I for one can't wait to have some longstanding West Africa concerns addressed publicly on the new forum.
There it is......but listed as a sell...Is this balancing the books ...as I thought they did that at cob with UT..Uncrossing trades?
Bought a tranche at 1400 hrs..dont see it listed as yet ?