Centamin PLC Share Chat (CEY)

Good morning everyone, herewith a link that most of you will find interesting. - I think.

Egyptian Media reporting

17/07/2018 282 http://www.vetogate.com/3244703

Can anyone tell me if CEY's PE is calculated before or after profit share?

yes our divo will be down and gold still falling, in face of expected rise in interest rates

HOC results today which interesting to compare to CEY as v similar size.

HOC predict mining 514k oz, CEY 505-515k oz so identical
HOC aisc 975 CEY 825 so CEY much better

so with gold at $1325 cey makes $500 per ounce, HOC makes $350
with gold at $1425cey makes $500 HOC makes $350
with gold at $1225 cry makes $400 HOC makes $250
with gold at $1125 cry makes $300 HOC makes $150
with gold at $1025 cry makes $200 and HOC makes $50

So CEY much better with falling gold price, HOC far more geared to rising price

Of course CEY p[ays 50% profit share (and still has court case unresolved)
HOC pays $55m tax and royalties
CEY pays $111m in profit share in and this will rise 20% when profit share goes from 40% to 50%

CEY capitalisation 1.35bn HOC capitalisation. HOC capitalisation .9bn

Phew!

Centamin bought another crusher some time ago which is still undergoing commissioning?

Usually a crusher has ample capacity (running at 60% of the time compared to the mills at +90%). Is the new crusher to increase capacity, or to grind the product to a smaller size for the mills to better handle the feed?

based his forecasts on gold at $1250 an oz!

Divi won't be so good next year, unless Centamin manage to improve production at Sukari?

https://www.bullionvault.com/gold-news/gold-prices-071720183

Gold Prices Slip as Fed's Powell Speaks, US Consumers 'Spending Savings' as Trade War 'Threatens Growth'
Tuesday, 7/17/2018 13:39
GOLD PRICES failed to hold a $5 overnight rally in London trade Tuesday morning, slipping back below $1240 per ounce as US Federal Reserve chief Jerome Powell prepared to appear before Congress to speak on monetary policy.

Ahead of Powell's semi-annual testimony, betting on the Fed raising its key interest rate twice more in 2018 rose to a new record, with more than 60% of speculative positions on CME interest-rate derivatives now forecasting a hike to 2.5% or above by year's end.

Higher rates and thus a stronger Dollar "naturally presents a downside risk for gold prices," says a new gold-price analysis from Chinese-owned investment and bullion bank ICBC Standard.

"[But] we remain sceptical about the Fed's ability to deliver, because [US] consumer spending growth is likely to come under pressure from a combination of higher interest rates and unexceptional real wage increases."

"Our major concern is [how strong retail sales growth] has been driven by consumers spending more at the expense of saving less," writes ICBC Standard's analyst Marcus Garvey.

"Indeed, the US personal savings rate continues to hover around decade lows of 3%."

IF I understand Kinesis the problem is if you had opened a Kinesis account with gold at $1900 you would have halved your money is sterling now, plus no interest which will begin to matter as interest rates rise (and largely why Inthink gold falling)
So while @few like us may want to gamble on the price of gold I don’t quite see why most people will
There are many many many digital alternatives competing
I may misunderstand Kinesis, but I am not expecting it to change the gold price. As ever I hope I am wrong, as gold continues to fall.

Hedgehogg, I realise you probably already know. - With Kinesis, the proposition is that you can spend your gold using Visa and Mastercard at Tesco or wherever and because it's gold/silver in your account whatever you choose to save keeps pace with everything and not subject to zero/negative interest rate policies. - In addition, it can also attract a yield that is added to you account - Now there's a thing - Not a lot of people know that. - But they soon will.

Sorry, imply...

As you infer Auson, now I come to look at it....

There's Tonbridge and (Royal) Tunbridge Wells - a few miles apart in Kent UK

Where is Tonbridge Wells ? Border of Tonbridge and Royal Tunbridge Wells perhaps ?

Hi hedgehog - If I'm correct I think it works out at 1 trillion. -If I'm correct. - Anyway 1 followed by 12 noughts. - It makes gold look good doesn't it? - Maybe you're not so daft after all! :-)

I know, I'm turning more into a gold bug than I would ever of liked, its starting to affect every part of my spending and life! - Oh dear! Its like the matrix when he swallows the pill and discovers the truth, sometime I wonder if it would be better not to know...

Currently reading about the 'Weimar republic and the destructive effects of hyperinflation. - When stability returned, the sum of paper marks needed to buy a gold-mark was precisely equal to the number of square millimetres in a square kilometre. - Now there's a statistic to try to get your head around

The more I understand of kinesis the more I like it. I see the papers are talking about 'Glint' as a mastercard that you can spend gold on, ie, buy something for £61 and you've spent two grams of gold you have purchased. Only problem is I dont think you can withdraw the gold. However there website has some very good arguments as to why fiat money is so terribly terribly poor. https://glintpay.com/perspectives/

Oh I do hope so and AM is finally right, I have nothing against him and really hope one day he will be proved right, just so far ....let’s speak after the Kinesis launch and see where gold and cey
Nice to see cey holding up well against other miners
And Rebess May I highly recommend a book factfulmess about how the world is improving and mainstream journalism from the Times and BBC get more honest and hold the world to account. Unless you live in Tonbridge Wells where of course everything is getting worse and all from journalists bankers politicians and investors are unkind people out to get us. Do read factfulness if you get a moment as may cheer you up!

Indeed tibbs - without the acquiescence of the mainstream-media virtually none of the smoke and mirrors politics that now pervade our lives could take place. - Once the champions of the rule of law, now, through blind-eyes and vested-interest, enablers of deceit. IMO

A big call on Kinesis Tibbs I am supporting ---- something has to break the manipulation not sure if its Kinesis. Centamin have mislead there investors we will unlikely see 1.80 again . Using the cash store outside Egypt makes me wonder if the court case is a lever on Centamin.. Was a long term holder sold at 1.60 came back in at 1.30. should have moved on some difficult times ahead.

Wait till Kinesis launches and we shall see who is calling it wrong!

the manipulation.
The WGC was set up with good intention but has became infiltrated by those on the side of the the manipulators.

http://www.roadtoroota.com/public/564.cfm

The WGC is now just another lame duck used by the manipulators.

Pushmepullyou keeps making derogatory remarks about the ethics of Andrew Maguire based on what exactly, has he ever met Andrew, has he seen the masses of information and evidence supporting Andrews case?
I doubt it.

Remember also that controlling the media is all part of controlling the manipulation of precious metals prices,

We have experienced prime example as Centamin holders just how much control the PR of a company has over the information we receive and how they can influence the media which is how they kept us in the dark for so long over the lower grades.

Imagine then the control the Comex cartel have over the main stream media who will say what ever you want them to for the price of an advert or two!

From my post of 30.06.2017

The product which comes out of Sukari is usually 90% purity.
The ounces or kilos your friends seem to be counting bears no resemblance to what is being produced at Sukari. The 109k oz is the right number – it is audited by both Centamin and the Egyptian government.

Thanks for the links Tibbs. - Good of you to post them. - I haven't seen them before. - I liked the bit about 'Kinesis'., the possibilities there appear to be mind-blowing. - Interesting comment from AM that the manipulation is proving beneficial for them when they can purchase at reduced prices based upon spoof-trading. - Unfortunately it mitigates against the SP of the miners.

ton-fra-cen I am not sure I understand your numbers and have learned through experience dealing with numerous mines over the years that historical numbers don't mean much, nor do trends.
What I looked at from recent production report was the ability of the mine to move increased tons and then look at a what if only scenario and the grades were as they were this time last year.
So taking the word of the board and grades will improve as they move through the transition ore the scope of increased tonnage to me looks good for the future.
We also need to understand shipments are based on "Miners Bricks" not refined gold bullion so production is extremely important and to be honest these figures are what I look at as this is how the mine is performing.
How the share price performs however is based more on the financials which is less how the mine is performing and more how the gold price is performing.
Long Hole Drill Rig impact of downtime I feel is likely to be a one off major impact and very unfortunate it happened when it did.
Sorry I haven't been around for a while but have had some family commitments.

hedgehog. https://www.gold.org/research/gold-demand-trends Explains the gold price fall simply and clearly, that makes sense While MaGuire and other pundits continually say ‘buy our gold’ it is soaring, but it isn’t because of lack of demand You pays your money and chose your pundit but I go for those whose simple explanation based on fundamentals from miners and demand shows why prices are falling Just wish these salesmen who are talking it up were right Be careful as more to lose

And yet AM continually calls it wrong year after year