Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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And this together with Softrock's link to the Martin Horgan presentation at the recent BMO conference will get more investors interested in the great Centamin story. I topped up my investment by a further circa £10k today. The extension of the mine life at Sukari , the additional licence areas in Egypt combined with Doropo in Cote D'Ivoire make a very compelling case for 700k ozs. production a few years out.
Just announced: Mr. Martin Horgan, CEO, Centamin PLC will join us at 3rd Egypt International Mining Show on 28th - 29th March 2022 - Virtual Connect.
https://www.linkedin.com/posts/egypt-international-mining-show_eims2022-mining-speaker-activity-6906978212573003776-paO6
When is the solar plant going to be operational ? That will come in very handy right now:)
As soon as gold drifts down a little this will be back to a pound,its always been the same never goes up with gold but always falls down with it
only another 10p and i will be out of here
Well looks like it's risen since my whinge- must whinge more often lol.
If they hold the divi at 9c for 2022 I'll turn cartwheels of unexpected joy. Analyst consensus is we'll get 6.4c and when you look at the rise in costs Cey is expecting for 2022 that seems to make sense. However, Horgan has described the dividend as 'sacrosanct' in the past and it seems he likes to deliver on his own words, so let us see...
Did someone forget that CEY do actually mine gold :-(. Come on CEY, get with gold... ~2030 and up a pathetic 0.5% on the day with gold almost all time high and 1.8% today alone...
Looking at others though we are lagging today... so far...
It's movements just mirror the spot price to the second almost .... so frustrating
yes Steve, Hoc mines mostly gold and a third of its silver is hedged for all next year at $25, they hadn't reckoned on fast rising mining inflation when they fid that, which will lead to silver on that third I guess. Also overall like Centamin production has been falling and cost soaring. However unlike Cey there is no great recovery in sight. Against that the shares were truly bombed out having overfallen from the top even more than Centamin, on repetitive lousy news , so a bit of a recovery was due. Now Hoc should do as well as silver should rise faster than gold but the hedge will prevent a chunk of any benefit. But Hoc and Cey had got out of kilter
Who knows Aether. - No crystal ball I'm afraid, only judgement, oft time flawed.
Is this a good thing for investors?
Apologies for perhaps scaring you a little bit. - It's a long story so I won't burden your thoughts/judgement with it. - It's possible the MM's have been juggling with accommodating the 2m purchase.
Look at what it mines!
Hoc up 16%
Fuel cost is a consideration but that is one reason why Cey have been installing solar energy long before the rise in oil price. SP needs to cstch up here with how PoG has increased
perhaps concern about cost inflation due to rampant oil price...I see a decent buy order of 2m has gone through which is a confident sign
What old tricks?
I am a new investor so I would appreciate any information.
SP: - Odd showing today - I hope they are not up to their old-tricks. - Let's see how the day unfolds.
I mentioned recently that a small dividend increase of 1c this time round would be a postive thing. I know that profits are down and there is not as much money in the chest, but with the recent increase in gold price and the solar coming on line, I think this would send out a good message.
Without going over the past (Yes you Mr T :-) ) and what happened, Centamin used to be known for doing better than the estimates.
I think now Martin Horgan has been around a bit and started to get things in place, that a small increase in the dividend now might send out a message to the market that things are starting to look up at Centamin.
HOC up 11.25%
CEY down 0.75%
The rate of increase over a month is eye popping.
Why is CEY performing so badly compared to other gold miners?
You know what happens when the hammer hits the anvil.... there will be some wild oscillations, but hopefully there will be a better outcome ... but sometimes one is surprised?
I expect gold to rise...
More wild swings across everything- FTSE almost below 6800 again and then in the blink of an eye almost back at 7000... CEY almost 110 then testing 105... keep the faith, gold dropped to ~1960 yesterday, then just before open ~2021!
Go figure :)
Gold $50 from setting a new ATH - $2,020 right now.