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we look forward to updating you on the progress of these promising growth projects and the continued expansion of the underground resource base, including the high grade bonanza zones, during Q2.
Last two weeks of Q2 where is it!
Is this it? Posted yesterday on the cey website
https://www.centamin.com/media/2832/cey-investor-presentation_150622_final.pdf
The last quarterly report can be pulled down from an April RNS.
Thats an interesting presentation 3Bear.
The word CONSISTENT APPEARS REPEATEDLY, which is great to hear. Pardedy would battle with understanding this concept.
Some of the underground grades are spectacular, and dependingon how thiey mine this, could be worth a lot more than the SPOT price, as it would be marketed as speciment gold soce, GOLD OF THE PHAROHS!? You can get us$25k/ozs for the right specimen and right narrative. https://www.irocks.com/minerals/specimen/50026 26 composite samples at ave ~500 gpt Au [16 ozs per ton!] and max sample an astonishing 7,000 gpt Au [225 ounces of Au!] which could be worth us$5m ? My imagination is running away with me!
DOROPO is looking solid with a 13 year mine life, at LOM AISC us$900, and a nice payback. Intrigued at some of the flat dips and the form of the deposits, and I would not at all be surprised for the project to grow beyong its 5.4m ozs total resource base.
Lets hope they add 3 m ozs reserves, get to 500k ounces per year in 2024 and 10 year underground mine life.
the gnome
There is quite a song and dance ABOUT DIVIDEND PAYMENTS, so be surprsied is this is not a continued feature.
Last interim Dividend was 4c, and that was declared August 5th 2021.
That's only 6/7 weeks away if they do the same in the first week of August. 2020 was 6c (4th August)
A 5c dividend would have an impact of around 5%.
"There is quite a song and dance ABOUT DIVIDEND PAYMENTS, so be surprised is this is not a continued feature."
Dividend of 3.98p paid on 10 June and next declaration is on 28 July for payment in September. Another 4p would be welcome.
Dividend of 3.98p paid on 10 June and next declaration is on 28 July for payment in September. Another 4p would be welcome.
From the presentation:
SHAREHOLDER DIVIDENDS
Dividend policy states a minimum distribution of 30% of Centamin FCF1
2022 dividend intention: minimum 5 US cents
1. Group free cash flow, after Sukari profit share split and Group investing activities, before dividend distribution 2. Fin al dividend subject to Board recommendation and shareholder approval.
Hi Tornado,and other fellow share holders,
An officail in not somewhat patronising response from the comapny which comes across as lacking in sincerity and does not in my opinion take retail investors financial commitment or concerns seriously!
As previously indicated, we have a pipeline of news flow coming up over the next 6 months. These are big pieces of work which require a large amount of detailed technical work.
As you know, we have been conducting a number of long-term technical studies and programmes on our growth projects. We continue to work on these and look forward to updating the market on the outcomes through the second half of this year.
We have noted the move in Centamin’s share price which is not the result of any news from the Company, but reflects current market trends. We feel that it is not for us to comment publicly on general market trends or macro factors impacting on the share price.
However, please do rest assured that we are acutely aware of these trends and are always looking into ways to address them through our corporate and communications strategies.
p,s . Centamin Investor Relations are now on annual leave for the next two weeks so replies may be take longer than usual.
goldgnome - 7kg of gold/tonne. I've been reading up on mining industry and believe the technical term for this sort of grade is "WOOHOO." No wonder they want to add a gravity circuit to the processing plant
Thanks for sharing Mrtibbles,
It has confirmed what I hoped it would be in that market sell off was the reason likely for the drop and not another disaster they were saving alongside a bit of good news. As far as the investor relations know it appears that everything is working as planned although they are possibly hinting a lot of news flow has slipped into the H2 schedule. We are of course on to them as they rewarded themselves so well and did tell us the reserve and resources update was being prepared for delivery in quarter 2 and not H2. They may just get something out on either Sukari or Doropo this week but I would only give it 50/50. Cheers Tony
Hi Tony,
Glad I was able to help in some small way, sorry for the typo's in the first paragraph of my introduction, I was using my wife's Apple and I always forget her defaults settings are different to my laptop, still you get the drift!
Tibbs