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Positives
1) Bonanza grade zone entering production, how many ounces for how long?
2) Sukari satellite orebody feedstock, how many ounces for how long?
3) New deposits discovered on new concessions (obviously depends on when they start drilling!) If a new deposit is found, probably minimum 5 years to drill out and build a mill
4) gold price outperforms
Negative
1) AISC keeps rising due to lower grades/less ore than expected
2) Doropo building costs much more than previously forecast/project gets mothballed
3) Black Swan event - Sukari exploitation license threatened, processing plant failure, underground disaster, consumables become difficult to source
4) zero premium buyout
5) gold price underperforms
Please feel free to add to the list and/or comment what will be the result of such events.
One thing is clear - trading Centamin along with the moves of gold (if you can time it!) has worked better than holding for the 'growth & diversification' story that just never seems to materialize.
I've bought and held, made 40% + dividend it's not to be sniffed at. Not sure all the traders of centimin have done that well, and they have had to be on it every day.
Pros
5) Doropo PFS bankable and gets green light.
6) Promising results from ABC
7) New underground Fleet provides excellent availability and reliable continuity of production.
8) Strong underground production improves grades
9) As waste removal opens up the pit, ore deposits exposed.
10) Consistent quarterly figures inline or better than forecast.
11) Company gains credibility with the market
12) Court Case find in favour of Centamin
Far more pros than cons.
If no more than production back to pre open pit re wall caos, then even that would show a huge improvement.
Horgan also has M&A ambitions. A two-edged blade if ever there was one.
And hopefully the price doubles....back to our all time high
And then we have more growth through development
And then I woke up-but after 10 plus years it would be nice to be rewarded
Some nice daily moves without a pullback suggests the momentum is on our side currently
I hope to see 150p
150 would be great. Solid moves and congrats to investors
Agreed Dasut,
"Proof in the pudding !"as it were!!
Agreed 3bear!
I suspect this is why Centamin IR are so touchy about Cowichan's questions on social media, it a pity that a few more on here don't put something in writing to Centamin, it might at least make the company realise that shareholders want honest answers, and those asking the questions wonder about the credibility of the answer, assuming they get a reply that is!
If Centamin have nothing to hide then why has the IR unit blocked the linkedin feed between Cowichan and Martin Horgan?
So how many of our members will start asking some questions in writing just as a very small number on here have been doing for a very long time!
Tibbs, its not ramping allegations. It is the fact that you were being very bullish about the share at the time that you claim you foresaw the issue in the open pit, which led to a material fall in the share price within a matter of days. It s clear that no one should place any weight on the comments you make on this board.
As a shareholder I chose to believe in good faith the company brokers analysts opinions or give them the benefit of doubt hoping that lessons had really been learned and that they surely must now be running the operation as it should have been in preference to the view of an highly experienced independent analyst.