Centamin PLC Share Chat (CEY)

When one discusses gold it is always TROY oz!; I used a factor of 27.6745/Kg; viz 32.105 oz/Kg x 0.862 (for purity)
3966 Kg x 32.105 oz of gold/Kg x 0.862 (purity factor) = 109,757 oz of pure gold. I agree with mrtribbles it should be
32.150 rather than 32.105; when corrected would give 109,910 oz. When SIKO gave the shipment figures I used to
get the production projection with 86.2% purity reasonably reconciling with CENTAMIN figures.

as far as share drivers going forward... the primary reason West Africa is taking so long is that management wants to ensure profits are not compromised at the expense of development

Have Centamin IR told you this?
Did you get your questions answered?

I am of the opinion that gold will break out above $1300 within the next twelve months , although the cartel will try to control things and may well pull it back down again for a short period, but they won't be able to keep it there for very long and then gold should break out.
If Sukari gets more production plant commissioned and more work crews in place Centamin could easily churn out more ore.

England won today so 110000ozs. So Jul 31st 1.15 Dec 31st 1.45

you raise valid points - and as CEY's cash costs are in the lowest quartile our profits will only rise as Cleopatra comes online...so no matter what gold does we are sitting better than 75% of the other gold miners
as far as share drivers going forward... the primary reason West Africa is taking so long is that management wants to ensure profits are not compromised at the expense of development
and as far as gold goes I predict the price will remain $1200 - $1300 bound for the next 12 months
if that's the case our share price will only breach 200p once another mine is announced...which will happen sooner or later... Cheers!

Then simply don't join in.
I am afraid your post may appear a little garbled to most.
, "Carry on posting" 😁
And good luck.

The market seems sanguine as cey share proce has recently flattened while rivals have cuaght up falling more with falling gold. So cey’s annual share price fall (14%) is now on a par with rivals and mainly like them becuase of anticipated lower gold price, with rising rates, and rising aisc with mining inflation. So I am not worried a out this quarter’s production, but how much it is costing to get it out and what profit the company is making on each oz. tts not great for imstance digging out 20% more and selling for 30% less. When another post asked for predictions of the gold proce, and the cey share price in a month and a year not a single board member repied, yet these will really affect us. So come on chaps and ladies what do you think the share proce and price of gold will be in a month and on Dec 31st? If you lot answer this I will have a stab at what I consider the less importnat production figures, whcich may be lower than most guess this quarter

Thanks Chas for taking part and updadating the post. Tibbs came really close for qtr1 as though he was digging it out himself!!

Paul-280i 127,500
Cowichan 126,000
mrtibbles 125,000
ChasPB 123,456
Gino73 120,500
Sparkle_and_Fizz 120,000
Somnamna 119,000
Mizolgit 117,500
Picket 117,000
Dansul 115,000
ton-fra-cen 109,760
MrBond46 109,000
Rebess 108,000

Come on

Marmot,
downhil,
ton-fra-cen,
scuby-do,
Pushmepullyou,
hedgehogg,
Wally46,
notsosmartmart,
TigerByTheTail,
Zambianminer,
Cooperman21,
uncertain,
DJryan

Thanks MrT, Dan, ton-fra-cen.MrBond46 A very great turnout thanks. Even if some want to just show support for the board and have a guess.

Paul-280i 127,500
Cowichan 126,000
mrtibbles 125,000
Gino73 120,500
Sparkle_and_Fizz 120,000
Somnamna 119,000
Mizolgit 117,500
Picket 117,000
Dansul 115,000
ton-fra-cen 109,760
MrBond46 109,000
Rebess 108,000

Come on

Marmot,
downhil,
ton-fra-cen,
scuby-do,
Pushmepullyou,
hedgehogg,
Wally46,
notsosmartmart,
TigerByTheTail,
ChasPB,
Zambianminer,
Cooperman21,
uncertain,
DJryan
Apologies if I have forgotten anyone I looked over the last 6 pages of posts!!

Siko if you are out there grab the prize!!

I was told n the past the product which came out of Sukari was 90% purity.
Also the ounces or kilos reported in the media bears no resemblance to what is being produced at Sukari. this is audited by both Centamin and the Egyptian government.

Troy ounces
One troy ounce is 31.1034768 grams, or 0.0311034768 kilograms.
The troy ounce is used in the weighing and pricing of the precious metals : gold, platinum, and silver.
A troy ounce is equivalent to 480 grains. A grain is 0.06479891 grams.
Troy ounce confusion
A troy ounce is not the same as an imperial or avoirdupois ounce.
A troy pound is similarly non-standard. It comprises 12 troy ounces - not the traditional 16.
For extra confusion 1 kg is 32.1507466 troy ounces, co-incidentally close to the g/ozt conversion factor of 31.1034768.
A source of regular confusion and error is people dividing a kg price by 31.1034768 and hoping to get the price per troy ounce. The result, though attractively close to the right answer, is always wrong. In fact they should multiply the per kilogram price by the kg per troy ounce figure (0.0311034768) to effect the correct conversion from a per kilogram price to a per troy ounce price.
By the same reasoning a per troy ounce price of gold should be divided by kg per troy ounce figure (0.0311034768) to effect the correct conversion to a per kilogram price.
Troy ounce origin
Originally coming from the French town of Troyes the troy system was the basis for the medieval British system of coinage introduced by Henry II of England.
At this time much of English administration was based on French systems. The penny was literally one pennyweight of silver. One pound sterling was equal to twenty shillings, with each shilling equal to twelve pennies. Thus, one pound sterling equals 240 pennyweights, or one troy pound of sterling silver.
The Troy system was adopted by the U.S. Mint for the regulation of coinage in 1828.

Hope this is useful!

1kg = 32.15 troy oz

ton-fra-cen - hi
I think you've used the wrong conversion in arriving at your oz total. - Gold is measured in troy oz at 31.15 grams per oz.

Q1/18= 4891Kg(including 1/1/18; 4486 Kg - excluding 01/01/18)& Production =124296 oz( 4486x27.6745=124,147).
Q2/18 projection, based on shipments approx4211-245 = 3,966Kg x 27.6745 =109,757 oz. This assumes CENTAMIN
mine's plant system refined product is 86.2% pure. ( I doubt whether that changes, without further purifying process
plants added). 109,760 oz is my number.

Hi Mizolgit,,
I can assure you that what Andrew is saying is true, he has all the evidence from very reliable sources that are all sick and tired of what is going on.
Also some really big players getting involved in K,, mentioned briefly towards the end of the interview.

2 sources and results are different any way I would say this Q2 will be around 115K.

the sources:

http://www.elbalad.news/list.aspx?w=منجم+السكري

https://www.youm7.com/Home/Search?allwords=منجم+السكري+

BTW, both are reporting deferent between dates and KGs numbers. I think elbalad news is more reliable but it may missed couple of shipments.

Any way, I am not worry much about this Q2 results as the Q2 preliminary release on Mon. will let us know what is in their agenda next.

BTW, I do agree with mrtibbles about The politics theory tho.

GLTA,
Dan

According to their thorough analysis it should be way over 200 p, given time.
At the moment there are of course so many uncertaintaintanies world wide that without a crystal ball is nigh impossible to predict
Andrew Maguire this morning reported banks failing to repatriate bullion to private persons,huge amounts
If this is true will surely cause panic in paper gold holders...
We will soon see.
gla

holding for div on this one , good chance will see 150 again to

Hi Sparkle, I don't know if you still have my opinion from a few days ago but it was 125,000, perhaps a bit more dependent upon on if the new or extra plant has been commissioned and extra work crews have been detailed. .
They should also get through the transitional grades faster than anticipated , I was told by a usually reliable source.in the business.
Thanks for posting Andrews piece, I didn't bother because as you know I am a conspiracy crank!

Typo , when it is clear.

Good morning all.

I will estimate equal to Q1 5017 of 109000 toz.

good luck all.

Remember the asset is still there for years to come and it is cle there is another 157 Sq kms, along with futur new licenses on the doorstep..
So it is not all doom and loom.

Thanks Gino73, Somnamna and Paul-280i It's good to see that you are all still around. Hope you weren't up all night analysing mining charts!!

Paul-280i 127,500
Cowichan 126,000
Gino73 120,500
Sparkle_and_Fizz 120,000
Somnamna 119,000
Mizolgit 117,500
Picket 117,000
Rebess 108,000

Come on
Tibbs,
Dansul,
Marmot,
downhil,
ton-fra-cen,
scuby-do,
Pushmepullyou,
hedgehogg,
Wally46,
MrBond46,
notsosmartmart,
TigerByTheTail,
ChasPB,
Zambianminer,
Cooperman21,
uncertain,
DJryan
Apologies if I have forgotten anyone I looked over the last 6 pages of posts!!

Siko if you are out there grab the prize!!

Hi saf, my back of an envelope calculations came out at 120,000 ozs but since you got in there first, I will add in an extra 500 ozs for 'sweepings' from the back yard - 120,500 ozs then.

I will go for 119,000 oz
Q2 2017 was 124,641 oz produced at AISC of USD 829 per oz
I fear AISC for Q2 2018 will be North of USD 900 per oz.
Roll on Monday.