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Basel III!
Four weeks until Basel II - everyone knows it - BBs gotta be audited for their physical gold before 28th June, LBMA are bricking it - you've gotta expect paid-for games and massive BTFD plays too :)
Absolute hatchet job bu Liberum. Must be as short as you like!
She'll recover.
DaggerMal
Should be good support @ 114p
Broker Upgrade:
Peel Hunt Limited Buy 150.00p (27th May 2021)
"This will be a good laugh if it climbs back where it started from before the close, seen it happen often here on the aim casino..."
You're in the wrong building this is the FTSE 250...Aim is downthe street on the right next to the sewer lol
buying on the dip
Most posters do post their rationale for their view, but obviously on new news, the posts ramp up. None of know the markets directions for sure, we just make the best judgement on what we can. It's good to disagree, the SP can only go up or down, so at some point, of course, all views are can be right. We do, obviously prefer the rationales so we can decide for ourselves. I enjoy this board, lots of good posters and opinions, long may it continue.
subdec, on many of these boards including this there are contributors who only like positive views, and are very aggressive to negative views however well founded, just ignore them and carry on posting both sides, it is so helpful to have opinions on why the share should rise and others on why it should fall, for the market is a tussle between the two. We holders are betting that 2023 will indeed see a return to old Sukari output and costs, and that gold will stay level or rise. If liberium doesn’t believe that, well that is a view. I think Horgan will probably pull it off and gold should rise but nearly as likely the opposite will happen.
Have people possibly considered we have a new board and team and they are low balling to then be able to say we have Q on Q improvement. Take a closer look at the new Chairman and his less than perfect track record. Maybe the execs are more muppets and we have another chairman running the show for his personal gain !!!
I don’t know but this continued destruction is not good for any of us.
Lol Rebess
Analysts at Liberum started coverage of Centamin shares at 'sell', arguing that while its "strong" balance sheet gave it the resources to finance the turnaround of its flagship gold mine at Sukari, the shares were overvalued at present.
Said balance sheet strength would also allow the miner to maintain its dividend throughout the process, they judged.
Yet the 450,000-500,000/oz. target for annual production assumed underground resource upgrades to reserves and "sizeable" satellite ore bodies had to be found in order to materially prolong Sukari's life into the 2030s.
In any case, using an 8% discount rate and assuming $46/oz. of resource at its West Africa assets, then at the current market price of $1,800/oz. of gold, the outfit's estimated net asset value was 85.0p per share, for 30% potential downside.
Liberum set a 82.0p target price on the stock.
Indeed Steve - Summers lease is all too short a day. - Where have I heard that before? :-)
Who knows FireAnt- I agree we are but passive passengers on this board- a lot to read today although I hope everyone is out in the sun whilst reading and typing- the summer is very short here in the UK, and sunny days are rare :-).
Fun and games in the Gold space - no surprise really :)
Quite right Supercharger. Liberum are out of date on day of release. The (conservative) NPV of West African assets in today's RNS is worth between 12-36p on the share price.
Add in justified criticism of Liberum's valuation, such as impact of planned investment on AISC etc. and in my view Liberum note is at best a poor piece of work.
Liberum have made other Anyaists look like clowns.
I would expect a reaction from them, maybe on the quiet.
It does however cast a poor light on all of them.
Bottom line who can be trusted ?
Answer, Very few.
I'm inclined to go with dun48's assessment. - The figures/details as presented, could well be a prospectus for would-be interested-parties.
Great opportunity at this price!
This will be a good laugh if it climbs back where it started from before the close, seen it happen often here on the aim casino...
I posted twice due to a typo Volvic, and no ramping, click broker notes and you'll see it. I'm a shareholder by the way and have topped up this morning, why so aggressive?
Great double act this morning by a non invested ar** and his mate to reply, paid rampers on the aim casino.
We should expect some counter more positive analysts recommendations on this stock - where it appears Libernum where quoting prior to the very positive Centamin release today and have jumped the gun! They should have Egg on their faces!
Peel Hunt
Makes a bit more sense...i cant find it, has anyone seen/be able to post? Thanks