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The weakest point in today’s presentation was Ross Jerrard talking about the $300m cash reserve/ dividend going forward.
My interpretation is he hinted that if the divi is to be maintained over the next few years that the cash res may reseed to $200m + divi.
Probably an over analyzation but they sounded like it is a possibility.
New Business Development manager (from February 2017 to June 2020) is now...
Principal Geologist at Nautilus (a division of EBDAA Egypt ) these two sister companies applied for several concessions in the last Egyptian bid round and won the 'Olymp' concession which is right adjascent to Sukari's adjascent concession 'Nugrus'
see map here: https://ebdaagoldmine.com/exploration/
So this must mean (based on his departure date) Centamin's top exploration guy aided EBDAA in picking out which concession they should bid on in Egypt while he was an employee at Centamin! No wonder Mr Horgan sacked him!
And it wasn't just Centamin's former Exploration Head but this guy too --> Mohamed El-Fazary : Centamin's FORMER Supply Chain Superintendent at Sukari !
see Bio's here: https://ebdaagoldmine.com/board-management/
When our CEO Mr Horgan talks about spending the last year or so cleaning up and putting the right people into key positions he isn't making an overstatement!
Going forward I would guess keeping staff loyal in Egypt could be an issue. We have a veritable gold rush going on - given Barrick, B2Gold, Altus and the others all eager to strike it rich...
As a side note - I really enjoyed today's Retail Investor presentation. Mr Horgan is representing our company well and I hope all the changes he brings will equal success as we start growing.
Further note - Mr Bailie is currently Cora Gold's Head Of Exploration - I suspect he doesn't get out in the field much these days but has more of an advisory (spy, mole?) role...
https://www.coragold.com/management/
Good point Halfpenny, I have in the past sat watching punters post they had received their dividend and as I deal through a broker felt I was getting typical broker service but the money did arrive (as you say) in a couple of days, so what if it takes a while so long as it’s coming.
Viable- it’s easier to widen the target area however it’s worth looking up the following all slightly different:
ATM (last RI 6p) good potential SACOR (RSA state company) in the past drilled extensively, so geology well known to mgt.
KAV in early stages of exploration a wild card, also has support from POW. Some others in the area have good finds.
ARCM interesting geology, failed to sell to AAL earlier this year, recent spike 6p on new drilling, there is a legal tussle too.
I do own all 3, and CEY, JAN, CORA, OMI, POLY, HOC, look them up and glance at the LSE chats for links and reading between the lines. GL
thanks halfpenny dividends not my thing 212 still not paid so ill give a few days then
Came in mid morning on Halifax and AJ bell. Gold is rising qell today and USD falls against major currencies...
Can take 2 working days though so don't push the panic button just yet.
Think the 95p is set up and in place now. Need support and can kick on the next few days - just need pog to hold, which I'm banking on it doing for the rest of the year.
Looking good - I think we may have our bottom for Gold ...
The g/f likes CINE too but I've told her to wait for 68p ;)
Recieved from Halifax
Barclays-still waiting.
still waiting for my divi on 212 anyone been paid on there?
Berenberg far more professional than Liberum in any event and looking forward to breaking up through £1 in the not too distant future. Dividend hit my KIllik account a short time ago.
Interesting comments in West Africa
Firstly review the value realised in the Toro, Mako Gold Project, 6 year mine life etc...US$274 m acquisition
https://www.rml.com.au/mako/
The Toro development team, has perfromance credibility in francophone West Africa, and now largely in CEY
Doropo would seem to be twice the scale of Mako...12+ year mine life etc
How much value has Doropo got on CEY market Cap?
Other development opportunities.... in their held ground....
Game on in West Africa
best
the gnome
My divi in now
Your welcome
Today all the miners and bankers seem to be doing well.
Rolls Royce, Cineworld, IAG, recovery/more risky trades doing poorly.
Thanks very Craigl !
I'm now sitting with 4% of my portfolio with CEY and currently up 2%, so it could easily swing, but I'm hoping for some new improved broker interest and improved ratings following today's investor presentation.
Regardless of the numbers presented, they both seemed quite relaxed and confident in the business position and prospects which was good enough for me to continue to hold, and not be concerned any more about the crappy Liberium rating any more. Roll on the 138 target from Berenberg
I received IMB dividend, due today , earlier this morning into my Killik account so expecting CEY dividend on 20,000 shares today at some stage.
@ 11:11 - o/t - Luderitz, if you are from that part of the world, is there anything I should be looking at in Namibia? . . . e.g. a revival of the copper mines there or perhaps down in NoordKaap?
Need to crack 95p, stay there and rise from there
Well balanced, in a nutshell make Sukari last longer with more work faces, some local shallow pits may add a bonus.
The underground aspect could be expensive but add better grades - more info required.
New Eastern Desert areas may be the most promising, and CEY have good relationship with Egyptian Gvt.
West Africa waiting on feasibility study though a new area adds to costs could add diversity, overall mixed feelings.
Looks like the market like the update this morning, added 10k more
Boring is good but something a little better than boring is where we need to be to gain confidence and SP improvement. There was a lot of very good stuff in the presentation and I particularly like the word flexibility coupled to no need for guidance.