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So what news have you got to tell us about Centamin at the present GB46,everyone would be more than happy to discuss it
Mr Bond , you hit some nails on the head there!
You may recall that Kinesis was due to launch some 18 months sooner than it eventually did and the reason for this was that some very big backers and investors to the Kinesis project wanted to be able to underwrite the KVT tokens with paper gold as well as the physical bullion, because they saw the potential of a greater return over a shorter time frame.
The Kinesis director's and Andrew Maguire refused to go along with this idea because it undermined some of the ethos and the key virtues/ principles of the Kinesis monetary system in that it is fully backed by real bullion, rather then paper!
So the Kinesis team put back the launch and started again with new investors/associates who fully supported the principle that Kinesis was a fully bullion backed crypto currency.
However I understand that there are several very big players who still are working on launching a regulated bitcoin crypto currency that will be backed by paper as well as physical bullion.
I agree absolutely that if anyone wants to discuss Bitcoin they should be free to do so, the bitcoin revolution certainly has some effect on the POG.
As matter of fact I don't recall ever trying to control peoples freedom to post or the discussion topic
As far as I am concerned any issue/subject is worth debate, who knows in today's world what issues may or may not affect our investment in Centamin !
I think the nice thing about Bitcoin for me is that it's not controlled by the usual suspects. If MrT can talk about Brexit and Trump then we should also be able to discuss Bitcoin. I can only thank Bitcoin as it's eased the pain of holding this share!!
I think the nice thing about Bitcoin for me is that it's not controlled by the usual suspects. If MrT can talk about Brexit and Trump then we should also be able to discuss Bitcoin. I can only thank Bitcoin as it's eased the pain of holding this share!!
Well said!!
Maybe we should go on Argo Blockchain BB and talk gold??
DaggerM
how about if we just forget bitcoin and focus on CEY and gold on this forum
this is slowly but surely turning into a bitcoin forum ,how about getting back on topic?
Its possible the bitcoin trading institutions will issue paper bitcoin as with PM s.
Then control the pricing.
I heard that bitcoin was created by the cia, is it possible for the fed to use bitcoin and institutions investing into bitcoin as tools to reduce the US dollar in circulation and reduce inflation?
This from one of the other sites...shows 20.03,taken from previous days price
Market Cap1,244.96 m
Shares In Issue 1,155.96 m
Prev. Close 108.50
PE Ratio 20.03
Dividend Yield 7.00 %
EPS - basic 5.38 p
Dividend PS 7.54 p
Dividend Cover -
Cash Flow PS 16.24 p
Return On Equity (ROE) 6.76 %
Operating Margin 26.52 %
PEG Factor 1.19
EPS Growth Rate 16.77 %
Dividends PS Growth Rate 81.82 %
Net Debt -148.87 m
Gross Gearing 5.89 %
Quick Assets 254.84 m
Net Working Capital 326.77 m
Intangibles / Fixed Assets - %
Turnover PS 42.55 p
Pre-Tax Profit PS 11.29 p
Retained Profit PS 0.42 p
Cash PS 18.15 p
Net Cash PS 13.83 p
Net Tangible Asset Value PS * 84.38 p
Net Asset Value PS 84.25 p
Spread 0.25 (0.23%)
Rock on. How do you get to half the forward PE, hope my figures are wrong and would love to know how you calculated yours, most calculations. Mine are: 415k Oz sold at $1800 less $1400 costs (aisc and non aisc) = $166k less 5% royalty and 50% profit share = $79k, which in sterling is £56,000. Market cap £1.255billion, so PE =22.5 with a fair wind but with any other costs more likely 25.
Jerome... keep doing your stuff... we are but passengers... he said still in line, stimulus keep coming... US10 pairing back a little (phew)... all indices liked it so far even the Nasdaq has pushed into the green- major futures for Asia green too- any here wish they swapped out out for Easyjet 2 weeks ago, now where's my crystal ball ? Keep the faith here...
New York opened and PMs all dropped.
Seems bonds are flavour of the month.
My mindset, there's nothing we can do about it ,so frustrating as it ,try and forget about it for 6 months.
Or till the next disaster.
GLA.
It may well do, remember this is Centamin and it is operating in Eygpt!
It is very frustrating to watch this stock? Hopefully, our patience will not run dry.
p/e is 12.4 nothing like 25
11March will give us a much better idea on this Sotolo
Much lower than that- that’s from Dec2019... 12 is closer
So I make forward PE around 25, which is higher than most so could say share price should be lower, but this PE will tumble in 2023, hence share price holding up , and me holding on mho
Another $200 of special costs per Oz this year and next not included in aisc, so at current gold price about $200 profit an ounce to Cey and same to emra
Stampede out of crypto on the cards so where will all those $'s go, my guess would be precious metals well from the smartest investors anyway?
Centamin plc has provided gold production guidance for the year 2021 as folows 400,000 to 430,000 oz, at cash costs of $800-900/oz produced and AISC of $1,150-1,250/oz sold
It has a good p/e ratio compared to its rivals
The ROE/ROCE/ROA are all good with a very strong balance sheet (No debt for the last 5 years!), Gold price big driver but that is holding steady, dividend yield is high
Insider deals have been high to...all buys over the last 8 months
Most bizarre.. im intoday as i see 20% upside
Hi Rockonuk01.
To answer your question I really don't know, it could be any or all of:
1. Lack of clarity on future development / reserves e.g. Africa and new licenses.
2. Honey in 2 years but we have to take the pain until then.
3. Concerns over production targets being met, CEY does not have a good track record.
4. Bad news not yet out in the open or the potential for bad news. Lol Rebess's proverbial kick in the crotch.
5. Concern over the forward gold price. Sotolo has kindly explained the effect of a falling gold price on future profits.
6. Forthcoming annual results.
7. First quarter production figures awaited.
8. Short termism by market traders as opposed to longer term investors.
9. Market manipulation.
10. Others.
Quite frankly I don't have a clue what will happen but I do have faith (hope it isn't misplaced) in Martin Horgan to deliver. As for the rest I am just hanging on for the thrill of the ride hoping for the fundamentals to come through even though all chart signals are still showing a decline.
Cathy Wood, the new investment guru ups her ARK-fund's stakes in Bitcoin and Tesla....Someone who has lived through a few decades of stock markets and who has seen before the madness of the crowds knows how this will end. The for now hailed investment guru is likely to look much less of a guru after that giant bubble bursts.