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You're a good sport Sotolo. I got to say this is my favourite boards. Knowledge, humour and not too much abuse!
We'll get there. July- 1.45-1.50. Hopefully!
Take it easy people
DaggerMal
Charlie Billy— Bleep!
Sotolo thank you for your kind words...
What we need from the management team on the 22nd is some sort of evidence that they are on the ball, focused and making progress. If they can do that it will be reflected in the share price.
This is a c&p from a Billy Munger post on Instagram which makes the same point.
Cheers.
“The best way to get what you want in life is just to deserve what you want." - Charlie Munger
Razor, we need more humour on this board, it made me chortle. Now full of hope holding on by finger nails till 22nd. You are like so many her a true gent, like a village pub of good friends as we all go through this together which ain’t easy. Thank you
Forgive me Sotolo I couldn’t resist.
I honestly wish you well and that the price of Centamin gets a decent RNS on the 22nd which pleases the market and is reflected in the share price.
I’m hoping for £1.32 but wouldn’t £1.50 + be well received by all of us.
Sorry for my sad wit... I wish you well.
Razor, that is v witty! X
Thank you Investor109, tow points and both of a comical nature.
1) 3 to 5 sounds like a prison sentence
And
2) “Sotolo- patience required”. It struck me for a moment that this was a warning to the rest of us, to be read like a road sign. ((((SOTOLO— patience required))))
Spot on. Well said !
DaggerMal
Sotolo- patience required. CEY is fundamentally very strong. No debt, great cash reserves, board focusing on reducing costs and restructuring. New licenses won, soon to be announced. Case for gold over coming years very good- borrowing on monumental scale, inflation likely to rise and economic reality of pandemic hasn't yet hit home. Price of gold and therefore CEY can turn on a penny. if you need the cash within next 3-5 years, perhaps time to sell. If you can hold a while longer, good chance you'll see a healthy return. All the best.
There are positive signs on CEY but headwinds too:- Gold prices have fallen by about $200, increased costs in waste stripping and $ has risen against the ÂŁ. Just the $ rise means share price needed to recede by around 7/8%.
The only trick in the book is if they have found other large deposits in Egypt or west Africa
Failing that a bid perhaps but Egypt at the best of times is volatile and there are political uncertainties so it is wait and see.
The price is back to 5 years ago so I wonder
Sorry Steve. Wrong board thought you meant Hoc. As said should have sold all with Tiger over 200 but only sold a few. I have bought some Tharisa based partly on what he has posted on that board, up a healthy 6% today. . I feel tho Cey may fall further but I am looking toward 2023, I am no good at timing so stick. Hoc doesn’t have similar upside news, not the long mine life, not the 7% divi (for now) so hope to take advantage of a turn up and sell some of that. Cey will be lousy this year but looking forward to the long term
Steve because I get really jittery as we head towards the bottom, I know when I finally decide to sell will be when it turns, so I don’t so it carries on down. Yes I should have this morning However I also think there will be a PM bounce at some point in the not too distant future and am hanging on for that that tho may never come but if/when it does hope I will be brave enough to sell then around 230 before we plumb depths of last March. So I appreciate your push.
Just sell Sotolo- You know you want to- EVERY post, every one is a sell signal, I just don’t get why you hold- thee are plenty of other goldies to pick from.
I would just don’t understand why hold something you don’t believe in - it makes zero sense to me.
Tiger sold his Cey at a bit over £2, and has been investing in another miner Tharisa. It’s profits from Rhodium alone this year should be near 10 times Centamin’s total profits, at a third of the cap, its Forward PE is a tenth of Cey at 2 or 3, so I can see Tiger’s logic. Tiger et al thanks for posting your views on when to sell/you have sold, even if I sadly didn’t follow suit, and also miners you think have better prospects to give us all ideas while Cey stagnates.
The investor presentation is a breath of fresh air compared to the ones under the previous regime. Clear, well mapped out, not cluttered.
A much clearer vision of what is going to be done, where when, expenditures and hurdles. Well done, and I look forward to a far better run Centamin, delivering signifcant operating improvement and returns to shareholders.
best
the Gnome
Re-reading the last couple presentations I noticed that management has now shared one criteria for future developments:
IRR > 15% at gold US $1350 ounce
Prior to 2021 I don't believe any specific hurdles were articulated to shareholders in presentations or otherwise
it's on page 36 of February / page 8 of March
https://www.centamin.com/investors/presentations-webcasts/
I hope the delay in reporting has something to do with future developments...