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I'm not highly convinced by the Basel 3 issue. Manipulation - yes of course, just like all markets. With PE, Hedge Funds, short sellers, huge Asset Managers and all the rest it's inevitable but I do believe value wins through in the end. Gold has suffered from crypto and the printing of huge sums of money by governments. But it still has allure. Long term gold returns still looking decent enough. Centamin needs to keep the solid progress and should benefit short, medium and long term.
Good morning all.
The tide seems to be turning for CEY.
But like the tide gradually.
I am begging to feel a little more confident.
It seems an age since the good times
But in reallity they were nothing but false misleading figures.
Better times ahead maybe.
Have a good weekend all.
I was hoping to watch something illuminating and interesting. I just found the content very weak and the presentation poor. Sorry. I'm sure there was good stuff in there but after 12 minutes I'd had enough... Hoping the Chinese crypto situation will help the PoG.
Hi Wiscos,
Perhaps you would care to explain the rational to back up your opinion on considering by your own admission you only watched for a while?
Possibly you have some understanding of the situation that is contrary to Andrews conclusions on why POG is being suppressed and the effect that Basel 3 may have on the POG in 2022 that you are able to present to us?
Did you find the recent Capital Markets Geology presentation of interest?
Thanks CI
Probably think they are candid. Consider some of the options on the 10 years underground minelife
1. Could produce 100k pa for 10 years...implies a PandP Reserve of 1 m ozs
2. Could produce 50 k pa for 10 years...implies a PandP Reserve of 500k ozs [and of course this only requires to find another 100k ounces, as they have 400k ounces now?
Given the preparation that must have gone onto make such a professional presentation, I assume this is just an oversight. I would also assume theya re targetting 1 m ozs, and an annual production form underrground of 100k ozs pa.
I think we are in safe hands, and that this managment looks to be kilometers in front of the previous buffoon like creatures.
Allways very easy to skim the cream, which is what they did.
But I am interested in the style of underground mining that may provide the best ROI (etc).
Both assets in Cote Ivoire look eniticing for more upside, and if they are smart and use some new technology, their time lines to production may shrink
best
the Gnome
I watched for a while. Rambling and mostly nonsensical woffle.... No?
'If Capital gets another Sukari-type contract in the next nine months (highly likely, say reliable sources) the swing of the needle to the upside would bring about a serious share price re-rating.'
https://www.capdrill.com/news/capital-limited-has-never-had-it-so-good-mining-journal-article
-------------------------------->>>
My Thoughts:
There are benefits to partnering with a mining contractor like Capital to hire and manage the load & haul workforce in Cote D'Ivoire - not to mention their financing the trucking fleet. The 9 month timeframe lines up with the Doropo DFS to be released mid 2022
12500 ton's of paper silver wiped out by physical buying!
This week, Andrew Maguire shares word of yet more refinery shortages of gold & silver and reveals the impetus for the next silver rally.
The precious metals expert explains the recent gold and silver market volatility and offers an update on the ongoing race to exit unallocated gold contracts by year’s end.
Andrew Maguire offers his take on the Fed’s hawkish announcement and, as ever, shines a spotlight on the footprints the bad actors have left on the market."
https://www.youtube.com/watch?v=fCPgjIK0COY
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
Again just a blip. It’s a buying op.
As always , I enjoy reading your comments. .
Can I ask you a question ..if one of your professional peers who wasn't invested in Centamin , but who had access to the same information as you.
Do you think he or she would interpret your comments as being optimistic or as candid or as pessimistic ?
Good to hear your positive views of presentation GNOME and hopefully long term progress -a bit of hope on the horizon....
And lovely to see other cey views comments
For those that missed it, the statement is they will develop a MINIMUM UNDERGROUND RESOURCE of 10 YEARS!
At present they have 400k ounces underground, so my GUESS is that this needs to be expanded by factors of at least 2.
HOWEVER when stating this one needs to consider waht the imlied prodcution rate is ging to be to be profitable. So digging a bit, there is an assumption possible, that all of the capital of the mine is paid off, which is reasonable, so we are dealing just operating capital and operational expenses, so in this scenario the break even grades must be lower..etc......but bottom line, what is Martin saying? How much per annum production, how much EBITda margin...just what is the game....saying 10 years undeground needs a lot more narrative around it.
still listening, but Martin maybe up for a few more questions
best
the Gnome
Just to add to Razors"heads up" ....Investor Meet People is FREE to join.
I joined a presentation with Argo Blockchain recently abeit dissapointed as the Hosts couldnt answer much
I agree.
I think the market itself got that well mauled through Covid that they it can’t afford a decent price for anything.
That and the sector being out of favour isn’t helping either.
Good morning Razors.
Probably when the actual production figures pick up.
The Market wants the proof ,not just words.
At last
Centamin will host a virtual retail investor presentation on Thursday, 30 September 2021. Members of the Company's Executive and Senior Management team will update shareholders on the Company's performance to date this year and progress towards the strategic goals of maximising the value of Sukari, unlocking the embedded growth opportunities within the business and our commitment to stakeholder returns.
The event will provide opportunities for questions through a Q&A session at the end of the presentation.
EVENT ACCESS
The event will start at 09:00 BST and will be held via the Investor Meet Company platform. A replay of the event and presentation material will be available through Company's website and the Investor Meet Company platform.
Equities in Europe traded lower in the premarket on Friday amid the release of several economic reports throughout the day. The latest poll showed a monthly decline in British consumer confidence. Traders are now waiting for the newest results in Germany's business climate.
Meanwhile, both the United States and France stated they are expecting that restoring their relations following the US's agreement with the United Kingdom and Australia (AUKUS) on the acquisition of new nuclear submarines will take time and work.
The DAX fell by 0.07% at 7:30 am CET. At the same time, the FTSE 100 went down by 0.06%, and the CAC 40 declined by 0.13%.
Both the euro and the pound sterling stood flat against the dollar at 7:33 am CET, going for $1.17389 and $1.37205, respectively.
Breaking the News / JR
Happy Friday y’al
Do you mean Q3 MrBond46 which are due on October 19th, or beyond to Q4 as you mention?
The presentation was at the upper levels of presentations that I have seen by a major gold mining company. IN fact any company. I have no seen the entire session, but viewed the pdf, and the last 15 minutes.
My read of the Resource and Reserve figures are such that I would be surprised if there is not 20 more years of mining within the Sukari license. They are right to resource this properly on the mining lease and the work presented was solid, and their approach is what is required. The Geology is compelling, and very well presented. The first slide is somewhat hard to get past, rarely see gold like that, but when you do think money.
So from a high flying point of view, they appear to have the people, the ground, the money, the right processes and the right managment people and processes.
All looks very good. Will view more later
the Gnome
PS. Be great to see some fo the other companies open up like this. Barricks and B2 presentations are not up to scratch w.r.t Geology.
Yes Donald but it is history.
The SP will not change úntil the production improves as simple as that.
So settle down everyone, for Q4 figures.
It is difficult ,even for me.
After years of crap news.
Very kind words!
I know I've been a squeaky wheel - perhaps a little too long. Glad to put the Burkina era behind us.
Although, there is still the matter of who will buy Batie... or codevelop Batie.. or ?? But I'm done asking - as MrBond said last week, Mr Horgan has more important matters to contend with than second guessing what, why or how the Burkina portfolio fell apart.
Hi Cowichan,
You are owed the gratitude of all Centamin share holders for finally getting straight answers to some of the questions you have been politely asking for a number of years now.
That said I thought your acknowledgement and thanks in your opening statement regarding the efforts of Alexandra Barter-Carse to put your questions before Martin Horgan CEO was very noble of you, although also very typical of the Canadian chap some of us have come to hold in such high regard.
You were already ware of my opinion of Martin Horgan, but I'm very glad that you are now more aware of the type of chap we now have as CEO!
Big respect to you Razors!