Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yawn...
Apologies
I am an idiot
I was looking to see if my 'last' post was deleted - and indeed it was, again - but nonetheless I looked further back and saw the original offending post (which on reflection was not that offending) and alas it was NOT from you.
I will shut up now and simply post this for Rebess or whomever else appreciates poetry on a Friday. Have a good weekend all. (I will do some self-reflection!)
----------------------->>>>
Not from the strife itself to set thee free,
But more to nerve--doth victory
Wave her rich garland from the ideal clime.
Whate'er thy wish, the earth has no repose--
Life still must drag thee onward as it flows,
Whirling thee down the dancing surge of time.
But when the courage sinks beneath the dull
Sense of its narrow limits--on the soul,
Bright from the hill-tops of the beautiful,
Bursts the attained goal!
If worth thy while the glory and the strife
Which fire the lists of actual life--
The ardent rush to fortune or to fame,
In the hot field where strength and valor are,
And rolls the whirling thunder of the car,
And the world, breathless, eyes the glorious game--
Then dare and strive--the prize can but belong
To him whose valor o'er his tribe prevails;
In life the victory only crowns the strong--
He who is feeble fails.
I was checking shorting and the methods earlier.
There s a very good article on Wikipoedia, Short and Distort: Bear maret Manipulation.
Read all it had many similar features as with CEY.
Including paid bloggers and their tactics.
I leave it to you canny gang to decide.
GLA LTH
Let's hope for the top/drop of inflation then the normal FED lag to slow rate increase and drop too- as I've said all year in will happen back end of 2022, although time is running out. To be clear the impact is generally actual v forecast!
Useful if you're interested:
https://tradingeconomics.com/united-states/consumer-price-index-cpi
As you say 3Bear- CEY well positioned now to keep on climbing now, they are now doing as well as saying their bit and gaining credability.
Major European stock indexes traded below the flatline in premarket on Friday ahead of the release of economic data due for release later today.
Investors will receive updates on the United Kingdom's retail sales and a preliminary report on consumer confidence in the EU. In addition, Germany's Bundesbank will reveal the country's economic outlook later today.
Frankfurt's DAX dropped by 1.14% at 6:53 am CET. At the same time, the CAC 40 slipped by 0.83% and London's FTSE 100 fell by 0.41%. The euro traded 0.21% lower against the dollar, to sell for $0.97657 at 7:11 am CET.
The pound sterling slumped by 0.45% to change hands for $1.11857 a minute later.
Baha Breaking News (BBN) / AB
Happy Friday y’al..
Enjoy your weekend.
Steady as she goes my AISC.
Production 127,512oz best since Q3 2020 (128,240oz)
Revenue $218m, best since Q3 2020. ($230m and that was on an average realised GP of 1933/oz)
With these numbers, Horgan has basically guaranteed that he will hit FY guidance for 2022. That's great. But get ready cos he admitted in the presentation that he will use these stellar Q3 results to buy him time and leeway for the rest of the year. So Q4 production will be down - to around 114000oz if he's going to hit the middle of guidance for 22. As to revenues that depends on the GP.
For AISC in Q4 expect to see US$165m spent in spite of solar saving truckloads of diesel - around 300 truckloads (5.5m litres and around 5m USD) over the quarter.
To my mind these results show that this company has turned a significant corner in terms of consistency and general competent management. Horgan was more guarded and less enthusiastic during the presentation today which worried me somewhat, but overall he gave me enormous confidence that my too large investment in his company is a sensible thing.
Some people on here remind me of a story told by the RAF Tornado pilot Pablo Mason who worked for a budget airline after surviving the first Gulf War in 91. He was flying a bunch of Brits down to the Costa del Sol and came on the intercom thus: "This is your captain speaking. I have never seen a more miserable bunch of people boarding my aircraft in my entire career. Cheer up you miserable bunch, you're going on holiday."
A passenger complained and Pablo was sacked. These results look to me like a sunny weekend in Majorca. As far as I'm concerned we're on our way to glorious sunlit uplands and razors has got it right - the only mistake to make on this stock is not to have your line in the water.
Good luck all.
https://twitter.com/centaminplc/status/1583096510849642502?s=46&t=8FV3K4p0AiagJcSlAJoxfQ
We get a new Prime Minister in a week.
Downing Street statement about to happen.
Let's hope this gives shareholders what we deserve - to stay above 90 at least !
At least the important numbers - production & costs - are improving. It has taken a long time but if we can now see a few quarters of steady & consistent improvement we should see the share price follow suit.
I have waited this long & can wait a bit longer - just hope they don’t do something stupid M &A/capital wise & set us back to square 1 :)
What I picked up in one comment from the CFO is that dividend policy has not changed much. They are looking to the banking sector to deliberately taking up some loans regarding Doropo development. In my opinion that policy idea worked well with a low Libor rate. If the Libor rate continued to accelerate, they will probably have to remodel that concept. The current Egyptian inflation rate is 16%, (Egyptian currency is devaluing) and some of the cost has been modelled into future projections already.
Overall, despite my frustrations on some of the reporting, I think it is best to just add 3 months on to future deadlines they give us, Strategically and financially the company is on a good footing.
Paul is right, sometimes boring is good
That was a pretty positive post from Sotolo!
With all the cr-p that we have had the last few years, a nice , boring "Steady as she goes" is welcome. Also, in the long run I think it will give Centamin and Martin Horgan a bit of credibility.
We now know what went on in the past and how we got into the mess that we did and it looks like Martin Horgan has been doing the spade work to put things right.
Did I miss it?? Was there any update on how they are doing clearing the "heap" ?
Hopefully the light bodied trucks and the solar will pay for themselves many times over. Now we could do with the price of gold moving in an upwards direction. Remember when there was talk or $3000, £5000 etc an ounce?
Im sure Mr T is reading and watching------and probably getting really wound up by the recent events regarding the Tories.
Anyhow Mr T, calm down, relax, enjoy yourself a bit and lets hope that in the not too distant future you will be wearing those custom made golden flip flops.
And don't forget world inflation, world interest rates going the wrong way, key causes on top of gold in all the majority of miners.
3Bear
Yes, the results in some respects are very good, especially staff safety and the like. However, they have depleted cash by around $60M, half in divis paid and half on future cost saving investments. A part of the upside jam was given to us. The gold price has also moved sharply down of late and centamin only partly retreated on that fall. 83-84p is priced in unless something more said after 9am that is better explained over what is written in the RNS.
To clarify, I was saying -
1) These results are very good.
2) Why then is the SP so low?
er, that's it
Maybe 3Bear is referring to poor performance in general over time? The industry has continued to get hit pretty much, inflation and gold price both going the wrong way- I agree with Sotolo in that they've done well with all these considerations taken into account. Equally, good to see continued openness eg finances/options for future financing and equipment issue clarity where things are being highlighted and addressed. So far so good- FTSE down a little and so is gold on open and CEY up as I type.
Sotolo - production 127,512oz the best we've seen for a couple of years and we're at 83p. I don't get it even if the gp this morning is 1630.
Bizzare post
3Bear are you looking at Cey, and the latest quarter? Production is much as predicted, aisc is at top end as one would expect with soaring inflation since it was predicted, and pretty good to keep it within their predicted figures imho, and with steady as she goes no dramatic change in share price which will be subject to vagaries of gold, but didn't see any tanking this am
These numbers are fab!?! Production way ahead of expectations and 126000oz sold for 218m revenue. AISC still scary at $163m. These are significant advances Q on Q and yet the SP has tanked. Bizarre
Tornado, a bit neither here nor there, but for Centamin that is pretty good, we could do with more unexciting steady as she goes