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Dasut I might be wrong but I thought there was in effect a profit warning after the slide as management said ounces mined would be down a fair bit, aisc up a bit more and an additional $200 an ounce capital costs to remedy the situation halving profit and dividends for a couple of years. Excuse me if I misunderstood. However we are already 6 months into the two years so the share price should begin to look to the end of this tunnel, plus gold getting stronger, should hopefully double or more in next two years
Razorsedge totally agree Ground movement so SP drops by half, no effect on final forecasted profit so why a profit warning "follow the lemmings". If we had seen a slip like our Dorset Jurassic coast then would understand as the mine works 24/7 so would certainly have been fatalities and loss of assets but there was no lost assets no serious damage done other than to the SP.
All of you/us who have taken advantage to increase our holding then good luck and roll on 22nd when I am expecting to hear encouraging news.
It’s creeping up
Just got off golf course- happy days guys, happy days- more higher please :-).
Another positive article:
https://www.asktraders.com/analysis/centamin-shares-are-trading-near-their-12-month-lows-and-appear-ready-to-breakout/
That's such a good point. Looking at the commodity price is one thing, but a share price can sometimes be a different kettle of fish. The commodity can be in a bull market but if the company selling that commodity is run by idiots, well. Same thing in reverse. We've got Centamin not run by idiots and gold is on the up for now - a double whammy to the plus.
C'mon Centamin. If you can get to 116p by 3pm today, I can have a Tunnocks Tea Cake for tea break.
With results on Thursday and a possible surprise to the market of fresh court case news the share price could rock unexpectedly.
It has been well waited on Dasut.
This brings the focus back to a point I tried to make a few weeks ago that after waiting four months for the stock to turn its nearly foolish to leave the table when what would normally be deemed as fair enough profit, better to remain longer term and wait for a double lift.
Good predicament.
Long overdue.
Great to see this Aticle..
"They have a price target of 170p, which compares with 140p for UBS and 145p at Peel Hunt"
"Centamin intends to recommend a minimum dividend of $105 million for 2021, highlighting its continued focus on shareholder returns based on a five-year trailing dividend yield of 6.1%."
"Seven Centamin (LSE:CEY) directors have bought more than £300,000 of shares in the gold miner after a rollercoaster year for one of the best yielding stocks in the FTSE 250 index."
https://www.ii.co.uk/analysis-commentary/insider-directors-pile-dividend-stock-ii515611
Agree...for what it’s worth!
Great Opp. and with Dividends round the corner can see 20-30% Upside!
"While the price of gold has been falling since late 2020, driven by the stock markets rally and the strong US dollar. This trend is unlikely to continue forever as the global equity markets are trading at all-time highs and could crash at any minute under the right circumstances.
Rising inflation levels in the US and globally due to the money printing being championed by most Central Banks could make gold more attractive in future, given that it has real value compared to fiat currencies.
Centamin shares are likely to rally in line with rising gold prices making its current share price very attractive to long-term investors. I would rate the stock a buy now"