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I stated the present BOD and CEO should be called to account and challenged, not changed at this stage.
New shareholders need to be made aware why the company is still suffering because of a catalogue of the previous managements ongoing and intended reckless behaviour.
I am quite clear on my opinions based on the evidence and not unrealistic in my expectations.
Take off your Rose coloured glasses Mr Bond and explain why you are so reluctant to admit to your self and others the deliberate and foolhardy, but very greedy actions of the past management are why Centamin is where it is now.
Cowichan is a very decent chap who feels passionate enough to question,that is to be applauded and indeed is expected by any and decent BOD
Hi Konan,
It is understandable, reasonable and to be expected that you like any other shareholder who isn't afraid to face what may be unpalatable facts should raise those questions, I agree with you entirely!
Taking all your valid points into consideration Centamin would and should have a higher share price than it does at present, most analysts and common sense are of the same opinion.
The share price remains discounted because the previous management were less than candid far too many times about what they knew only to well were unpalatable facts and so despite the new regime having made the long overdue very costly, albeit very necessary operational changes the market expects more than upbeat polished presentations and future forecasts !
The market demands actual delivery of guidance with increased and sustainable profits as a result of a significant reduction in AISC that being the cessation of the excess waste clearance contract!
What would certainly help is some significant share purchases by the CEO, CFO and the BOD unfortunately at present although trying to convince everyone else that the share price is very cheap they appear for whatever treason reluctance to buy themselves!
Tibbs
So now you want to change the BOD do you :-) ?
For what, and why , dont come up with more history of others , which you often repeat .
Seems you are confused ,and not realistic .
Which is a shame for you.
Your chances of that are zero.
Come out with evidence to back your claims ,then you might get taken serious.
Otherwise just get out ,like your friend.
Centamin is up .79 %, Hoc .2 % fres minus 2 %.
So all in all not bad. IMO.
I'm optimistic I just expected it not to be where it is
Red hot inflation
Geopolitical uncertainty
Declining confidence in US dollar
Central bank accumulation
Gold flirting with $2000 constantly
Rarely post here but now have approx 40k shares in a sipp/isa. Have seen some negative comments about the company but am happy to hold for the good times again(hopefully). I am surprised that the sp hasn’t moved up with the gold price though.
Take one for the team Robina.
A few weeks ago simply wall st said: Centamin plc (LON:CEY) Shares Could Be 48% Below Their Intrinsic Value Estimate
Just 12 days later: Investors who have held Centamin (LON:CEY) over the last three years have watched its earnings decline along with their investment.
Seems 90 is about the resistance level. I will need to sell for it to rise above this level. Works every time.....
Koran
I'm always the optomist never the pessimist
What a depressing stock to have held these past few years
True investors have choices to make if they are unhappy about how a company is performing, or being run on their behalf, the obvious easiest choice is to sell out, but then that choice is letting the company off the hook and foregoing a shareholders right and indeed duty to challenge the BOD and call the company to account.
In general a shareholder will likely achieve little satisfaction and likely just become more frustrated by sitting on their hands whilst gritting the teeth for fear off upsetting the BOD, or possibly being accused of
de ramping share price by speaking out.
Europe's major stock exchanges traded mostly flat during Thursday's premarket session with the European Central Bank scheduled to publish its meeting accounts later in the day. Investors are anticipating data on composite PMI for Germany, the United Kingdom, and the Eurozone.
At 7:55 am CET, the DAX, the FTSE 100, and the Euro Stoxx 50 were all flat. The CAC 40 gained 0.09% at the same time.
The euro traded 0.20% above the dollar, selling for 1.09088 at 7:56 am CET, while the pound grew 0.13% against the greenback, to sell for 1.25095 a minute later.
Baha Breaking News (BBN) / DD
Barrick not brick lol
Tony, yes agreed and CEY have certainly had a few problems since early October 2020 wall movement first then later in October huge production cut as a result of having to set up mining in different area with lower grades however over the 2 years to October 2022 brick was down 58% and cey only a touch more at 63% so held up well for having massive share price fall from wall movement and not colapse as some have said.
Atb
Ken
It all depends on time frames as any miner can hit an issue at a particular time.
For example 5 yrs and 2 yrs give performance league as follows;
Shanta Gold, Centamin, HoC, Fresnillo and Hummingbird.
1 year has HoC, Hummingbird, Shanta, Centamin, Fresnillo
6 months
Hoc, Shanta, Centamin, Fresnillo and Hummingbird
1 month has HoC, Centamin, Shanta, Fresnillo and Hummingbird.
one week has HoC Shanta and Hummingbird all up 6% and Centamin and Fresnillo performing at zero change.
Why the changes well Hummingbird have failed to get a new mine running well, and HoC had the biggest collapse in share price awhile back and clawed their way back in delivering a new mine on schedule (how it works out is awaited). Fresnillo had a nightmare with a new silver mine with severe delays. Centamin we know about. What we can guarantee is if Centamin build a new mine the share price could be volatile as whether they get it right (price goes up a lot) or wrong (the price goes down).
My bet is that Centamin possibly goes up 3p when USA has a holiday and catches up with more junior miners.
I don't post a lot but want to bring a bit of positivity to this board.
I have no agenda to pump and dump as I've been in and out of centamin over the years but this time round I'm much heavier than I've ever been in thus share.
Mizoldgit.
The problem is some people want to buy a share and think that they're going to make a fortune in a few weeks they make me laugh then come on the boards spouting all their crap that this companies done way better but you have to look at the big picture in thus game 6 months to a year is a very short period that's why I study price trends over 2 3 and 4 years nit 3 weeks..
Atb
Ken
Mr T
Yes agree 100% cey has had a terrible time since the October 2020 debacle and having to spend 224mil in the waste clearance and stripping which should have been carried out as work was progressing in previous years.
These things always catch up in the end it's just that us poor sods aren't there on the ground to see it in person.
Well at least with gold at this level they're making some good profits at an AISC at around $1300 oz
Let's just keep fingers crossed for a q4 130k oz production
Atb
Ken
Hello Ken23.
Just to say, I agree.
I just get slightly annoyed by supposed investors ,who have an easy choice if not happy.
But just continue moaning.
Ken,
You may have misconstrued my, it was in response to another member who was puzzled why the share price remained at these levels considering the present POG.
Where is not for the astronomical contract costs of waste clearance and the other essential and long overdue improvements of the Sukari operation as a whole then no doubt the share price could easily be double!
As you refer to hopefully things should start to improve before too much longer!
Mr T
I have a stock list of all the gold mining shares that are available to trade on the UK market I made this list on my hl account so as to keep track of companies that produce gold.
The list was compiled on 5th march2021 which as you know was after the wall movement and centamin is the best performer over the period to today and is only down 14.3% and the only one that beats it is PAF.
FRES down 40.1% HOC 47.1% GGP 55.8% All the others are the dogs and are 50 to 80% down
So I'm a definite holder of CEY for the long term as the next 2 years I'm convinced will come good.
Centamin
Trading at 45.7% below our estimate of its fair value
Earnings are forecast to grow 12.11% per year
Analysts in good agreement that stock price will rise by 45.8%
https://shorturl.at/fpuCM
$2000 dollar and it does nothing.
Past month's performance:
HOCHS +23%
CEY +13%
SHG +8%
FRES +3%
Barrick -2%
Newmont -3%
SRB -12%
Confusing.