Centamin PLC Share Chat (CEY)

Record breaking financial metrics? On the downside? According to Barclays profits were �183m year ending dec 2013, while share price autumn 2103 was around 30p Last year profits down to �109m (presumably after profit share and assuming Barclays printed it right) and will now be down further this year with falling output and rising costs, a double whammy for any company. But shares are 4 times higher? After profit share we are now on a higher pe than the market and that is before the considerable profit fall this coming year. I am not talking this down as I continue to hold for the huge dividend, I like a miner that pays one, the worry with Cey is they pay out all the profit so dividend will be quite a bit down this year plus the court case (that contributed to 2013 share price) is still unresolved In the meantime the price seems about right if you expect a profit recovery and throw in the gamble of one of the new African explorations coming off. If not, or court case is not resolved positively it is too high methinks. I wish the financial metrics were doing record highs, I so do

(excerpts from previous updates) Aug. 2017 ...Centamin currently holds 11 exploration permits and 1 exploitation permit, totaling some 1,428 km2. A further 14 permits, representing a further 1,472km2 have been applied for and are awaiting approval... Nov. 2017 ...Focus has been on the generation of new air core and RC targets for Q4 2017 and 2018-H2 resource growth delivery... Apparently it was management's intention to provide an update on resources in Burkina Faso sometime around now as indicated above... but will they deliver or push it back yet again? Personally I think BF is an important issue if we want to see our share price rise anytime soon. Let's all hold management accountable for the timetables they've already set by; a) expecting a regular follow up on the progress of BF targets, and b) demand clear & honest dialog regarding the likelihood of developing project A vs project B,C or D Every other gold producer takes great pains to lay out a specific growth plan. For the share price to go up investors need to know this current management team can articulate and deliver a plan

This glittery tidbit caught my eye - anybody heard of 3D gold before?! 'Lower budgets amongst millennials have also prompted the jewelry industry to shift to thrift with 3D hard gold technology. A special chemical process makes 3D gold four times harder than 24ct gold. Yet it uses only one-third of the gold that traditional jewelry uses to produce a same-sized piece, making it much more affordable,� the report said...' http://www.kitco.com/news/2018-06-07/Watch-Out-World-s-Largest-Country-Has-Growing-Appetite-For-Gold-Jewelry-World-Gold-Council.html

Hi Tibbs - Going back those years, if you had known then about the record -breaking production levels, allied to record-breaking financial metrics that would ensue over the coming years, I wonder what your forecast for the future SP would have been. - If the SP can't put weight on during these times, when can it?

our share price is at the sort of level it was trading years ago long before stage 4 was up and producing and certainly profit share was years away. Of course production is down but it's still a lot more than it was in the early days!

https://thedailycoin.org/2018/06/09/bring-it-on-eric-sprott-on-the-fomc-rate-hike-podcast/ �My first thought is: OK, bring it on, baby! Let�s have that rate increase. Let�s get it over with, here. Because, typically, I don�t think the Fed really could possibly read things as bullish as they might have started the year off thinking. Because it�s really not quite coming together. Housing�s weak, auto�s week, retail sales are nothing special, you�ve got inflation affecting lots of areas� We have lots of reason for the Fed to be expressing concern. So, fine� Let�s bring it on, let�s see what happens. And I�m pretty certain that gold and silver will survive yet another rate increase. And prosper, quite frankly.�

The most divisive summit ever. good for gold?

They could also do a share buy back (Groan)

As we know Centamin have over $400 million in their account which they could be earning up to 8% on! Although Centamin could also be getting paid interest if they used Kinesis just for paying their operational costs!

Sparkle , they have either don't understand or they have vested interests in keeping the bent,broken and morally wrong system going! But change is coming especially if we can make enough MP's aware and we can get the issue raised in Westminster, the City has enjoyed being able to exploit the rest of the ordinary people for far too long, it is time it abided by the same rules and paid the same taxes as everyone else!

Sotolo some fair points. However I look at gold being suppressed/manipulated below 1300 breakout. Interest rates are rising because of the wall of inflation that is coming our way. They should be at 5% now but that would crash the stock markets and housing markets. Gold will rise once the piddly 0.25 rate hike is out of the way. imho Brexit is a total disaster so the pound is going lower.

Excuse all the �thoughs� In my post just now, I didn�t check it. So hope it was comprehensible. And Ryan I think it may take longer than you think and Cey may go further down as I have been suggesting and worrying, before up in the longer term. If gold stayed at this price I would hope for 150 next year if aisc allows profits to return. But very dependent on gold price which everyone can try to predict but just now a monkey would probably do better throwing a dart. The fun of gold is its unpredictability as games players try to catch each other out. On Aisc which O found more worrying than production fall, TIBBS did you get an answer to my big question as to how much this was due to production fall increasing costs per ounce and how much other imflationary factors which won�t go away?

Gosh it was quite a rout yesterday with Cey getting off relatively lightly compared to some others, Fres and Hoc were down nearly 10%. But then.cey has already come down a lot though , and now as written further fall expected as though now fair value, considering profits so down, shares tend to fall further on bad news, and take longer to recover, though in the end we should. In answer to your question I have two big worries for the causes of yesterday to other miners A. The miners are anticipating the gold price and predicting a bit of. Stumble B. Maybe Shareholders are becoming wise to how much oil etc will push up aisc�s and also how replacement exploration is getting costlier. Also there were some analysts downgrades yesterday, gold keeps fading to even get back through 1300, and under Trump US markets and rates are rising leaving gold less attractive, so financial prospects not great just now. All rather worrying

https://kingworldnews.com/andrew-maguire-6-9-2018/ Warning to the trolls does contain some Kinesis.

I think the 40p tree shake since the production downgrade was quite enough thank you! What we need now is some money tree growing!

metals manipulation https://thedailycoin.org/2018/06/04/silver-manipulation-coming-to-fore/ This is encouraging!

Thank Ryan, I do hope you are right. Best wishes, Prof

Well sorry fellas, I had to dip my toe in again at the death, not the best of omens as have a habit of calling it wrong! but surely has to come back soon, thank you all for the recent advice and to Mr Tibbs for all his work and considerable efforts in keeping us all informed.Hope the man on the train will enlighten us with some good news.All the best to all.

Just a shake , they will all be back up next week , it’s a hold easily for a ride back up to 150. Gold needs to nudge up a bit on we’re on for a rebound ,so much on the horizon , gold will have its safe haven appeal

It is not immediately apparent why CEY and the gold miners in general had such a bad day today with gold hovering around 1300. Thoughts anyone? Best wishes, Prof

Thank you chaps but I'm not sure that I'm that effective! However if my questions go unanswered then I shall ask them on the next telephone call in! I also have a very useful option given to me by a man I met on the train, however that is an option that I am saving for the right time

Yes he must. Like Batman's red phone to the Commissioner's office!

Thanks Tibbs, you the man!

Not sure where you plucked 124 countries from but the EU has nowhere near that amount of agreements with countries outside the EU

There is actually a small negative correlation between being on the Conviction List and average market return and a small positive effect on average when a share is removed on the studies I have seen. There is a reason why Goldman clients are referred to as Muppets.