Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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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.
Yes what will it take gold up 10% since October low cey currently up 2% mad
Can anyone explain the benefit of investing in gold miner stocks nowadays...
Before gold was supposed to be a hedge against inflation that turned out to be rubbish
Now gold prices have jumped near 2000 but gold miner stock (UK) didn't even move up instead it went down.
Paul Metcalfe I think your assessment is accurate and entirely reasonable.
A lot of the changes Horgan has made are transforming the efficiency of sukari but the effect is cumulative and not necessarily noticed overnight. The operation is being improved and brought to standard across the piece. I believe him when he says a safe mine is a well-run mine and Sukari has been one of the safest.
Why is the SP in the bin then? Look at the world. Two wars currently raging with the threat that both could lead to global conflagration, one of them on Sukari's doorstep. Strong possibility of a global recession and debt crises. Also centamin is going to be spending a lot of money in the next 3 years and that adds risk to the company.
I still think it is hugely undervalued at present and topped up yesterday at 81.7 Wish I'd waited a few hours to do so but hey ho, still think it's a good bet.
BTC winning race against gold. All the BTC miners going north
Mr T
Why dont you compile all questions asked, AND ANSWERED
and all asked and NOT ANSWERED
...and put them on this forum
Then we can use this forum to good effect and see the nature of the persona we are dealing with ?
cheers
the gnome
Equities in Europe traded mostly lower in the premarket on Tuesday in anticipation of the newest reports on the United Kingdom's unemployment rate and Germany's consumer confidence. The two countries, as well as the Eurozone, will also post their latest results in manufacturing and services.
The DAX lost 0.06% at 7:50 am CET. At the same time, the FTSE 100 fell by 0.10%. The CAC 40 decreased by 0.10%. Meanwhile, the Eurostoxx 50 stood flat.
The euro went up by 0.09% against the dollar at 7:52 am CET to sell for $1.06792. At that minute, the pound sterling rose by 0.14% against the greenback to change hands for $1.22665.
Baha Breaking News (BBN) / JR
Hit 16month high in the earlier hours…
https://www.coindesk.com/markets/2023/10/23/bitcoin-rises-above-31k-with-options-positioning-suggesting-price-has-further-to-run/?outputType=amp
All
Send in your questions
Steve, From past experience they won't answer any awkward questions at this event, this is all part of going through the motions of improving communication with share holders but being selective about which questions they answer.
I have copies of many questions over the years which have never been acknowledged let alone answered !
Hi Cluid, haven't heard of ths company before, so thanks for posting,nice rise today, long time since Centamin did anything even vaguely similar!
https://caracalgold.com/#