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The only chart gap created this year is between 100.5p to 101.1p created on 2 June 2023. Sharing this to save those interested from checking it out. At some point that gap will get filled as it is above 0.3p, typical difference to ask and bid.
Yep- well they’ve responded to my questions before- maybe if your emails to them were constructive, concise and relevant, they might respond to you and your mate Cowchain- who’d I’d ignore if I were them too.
If you read my past posts correctly you’d see that sometimes I hold for longer profits, but am strict on stop losses- I ask concise questions that can provide SP movements, and not lots pointless meaningless detail.
Very impressive, especially considering you have told us more than a dozen times that you are day/momentum trader?
Cey have confirmed my questions will be answered on the 30th
For every 500 tonnes sitting on the ROM pad they have 10,000 ounces of mined out gold ore for processing. If they have built up lots of low grade ore as stated in Q3 then around 1500 tonnes in total amounting to 30,000 ounces is in the back log of milling. The milling down time appears to be 18 days for one mill and directly created a 500 tonne processing shortfall and dropped Q3 output by at least 10,000 ounces. The capacity of the mills could recover the 10,000 ounces in Q4. However the underground feed grade has to be higher or they pull up more tonnage of usual grades. The future of Sukari was moving underground mining rates at 220 kt and future targets are at 385 kt. However, that may impact on the grade going into the feed. I wonder if they will try and deliver 290 kt underground feed in Q4. Hopefully, the CEO may give a hint if that is what he is doing when he replies to Steve's question during Q4.If so then I believe 450,000 target remains possible.
OH, sorry DASUT, I mean $US equal 34 Egyptian Pounds
What has management got to do with it??? The middle East including Egypt is on the brink of major conflict and the UK will be on a different side to them. Who think its conducive for business here?? All the more gold is languishing and all miners are suffering. Yes some positive news would be ideal but this is a mine way past its operational prime and the AISC is going one way which is up over time. I don't think this is realistically touchable. Further, if management start shouting loudly about success or increased dividends what do you think will happen?? Same as what happened in Tanzania with a mine that isn't part of a more powerful group, the rules will change and they ll come for more cash. I will but at 60p if it gets there around 10Ks worth and if it doesn't no regrets. I'm sure the sp will go on a march at some point but this is a risky stock.
Gold - 0.60% today
Gold up, Cey down, Why?
Dan, sorry I don't understand one US $ is worth 0.82 Pounds Sterling. What does 34GBP mean? Thanks
Steve, I have asked similar question to your 1. Good question 2. I have previously asked the cost per tonne for the waste contract but haven't received a direct answer although there was at one of the phone ins a throw away number $2, but not confirmed.
All you have to do is email to: investor@centaminplc.com
I sent in the 2 questions below- under the name Steve Jones/Steve Smith:
Question 1:
On the 26th July 2023 “Interim Results RNS Update” RNS reported total production for Q1+Q2 was 220,561oz, and you were on track for mid point of yearly total circa 465,000oz.
Q3 RNS update stated 101,370oz, so YTD of 321,931. RNS stated new YE forecast of low point would be met, so 450,000oz minimum, which now leaves Q4 requiring 128,069oz minimum.
Please describe and demonstrate why you are confident you can deliver 128,069oz minimum in Q4, when this will represent the largest Quarter this year by ~12% (over Q2) and ~19% over Q4 in 2022.
Question 2:
Since the wall issue in October 2020 which called Share Price issues, I understand the AISC have been high due to the additional stripping work required. You state in early 2024 that this excess work will be completed, so I can conclude there will be a reduction in AISC- what is the approx. reduction in AISC attributed to this issue ONLY.
Sorry Tibbs what is your question? Are you referring to the waste contract? This isn't contract mining and the only contract mining they had was the underground which has now finished. Capital in addition to the waste movement also has a drill and blast contract, still not contract mining but it is a contractor rather than owner.
The growing contract mining business I find interesting because when I got involved in the mining industry it was late 80's early 90's when mining was a come again business in Ghana where all but Ashanti Goldfields were defunct having been nationalised. This saw juniors initially entering the market and eventually mid to late 90's we saw mines growing and the arrival of majors and contractors, initially from Australia, South Africa, England, Ireland, Scotland now a good number of indigenous companies are involved.
If you want to see a scope of work for contract mining take a look at the technical report for Doropo on the Centamin web site from memory think it is covered in section 16.4.
Absolute agree Dan!
If I were writing the senior managements annual revive it would state "Room for great improvement, no bonuses until this is forthcoming!"
DASUT, I am sure all long-holders are very angery with the performance of Centamin, especially when the $US is almost over 34 GPb, that should lower the AISC , it seems the cost of mining goes mostly also to management salary and bonuses that they didnt deserve it.
I bet the management spending a few days per year on site to see whats happening (I may be wrong but that is my feeling)
This management should be removed and not be supported for any of the requested Salary increase and bonuses this year .
Many promises and nothing but failuer to achieve any target.
GLTA,
Dan
No I do not doubt, I would just like to know what they answer and what they leave to go through to the wicket keeper, so to speak .. (sorry to bring cricket into it)
regards
The Gnome
Mr T I just wonder if this question will be fired into the procrastination box.
There are so many questions that could be put to Centamin especially from you guys that have been in the mining industry.
I work in construction but don't have the first hand knowledge like Dasut and goldknome.
So I just pick up on things that I feel should be explained by the company.
Excellent Ken!
Tibbs
Dasut I've already posted one question.
When was the wall movement fixed as we've not had a comprehensive update on something that caused the share price to colapse in October
Thank you DASUT, do you think this warrants a question or two?
The most recent Berenberg assessment.
Note the paragraph :
2) the growing contract mining business (we note however, that it looks likely that the Sukari
(Egypt) load and haul contract will not be extended);
Tibbs
Fair comments and good points 3bear!
Hi Mr Gnome,
Possibly you doubt I asked them ?
However some forum member and other shareholders were copied in to the majority and they may care to confirm that I am telling the truth?
Some of the unanswered emails sent included questions and queries raised by other fellow shareholders and forum members in an attempt to get them answered.
I don't think though that it would be appreciated by some members if I were to post all of them on the forum as they would take up space on a very considerable number of pages, also some of the questions included details from other third party professionals that are such that it may not be appropriate to put them in a public domain such as a forum, they would be better answer in the first instance by the company and then the relevant parts of those answers posted to forum members.
May I suggest the some forums members submit their questions direct to the company and/or to FTI as it will be interesting to see if they get them answered fully?
Has anyone considered the reasons why a new PR company was appointed and in what ways if any has this improved the general market and public perception of the company or how has it affected communications with shareholders?
Tibbs
Dealts anyone who has been a long termer will be disappointed with the performance of Centamin' s SP. So I am very interested in what Horgan has to say to us on Monday. As many of us as possible need to get registered for the presentation and fire in a question or two before hand.
Keep the questions short and concise and who knows we might get some very important insights to their thoughts.
Another thing if it breaks 79 support we might see a big drop ....
UK Gold miner stocks generally move with the gold price. Not anymore it seems... High dollar price and high interest rate I think UK gold miner stocks are not worth investing in now.
it better to buy gold ETF.