Firering Strategic Minerals: From explorer to producer. Watch the video here.
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The webinar should reveal more but looking good. A hold/buy for 2022 I d suggest
definitely debunks Liberum SELL case which is based on them not having any upgrades to Sukari....stability and upgrades to CEY's main asset can only make them more attractive to the majors...at what price was the Endeavour offer rebuffed?
ok..found it..Endeavour bid 126p in Dec 2019 when gold was trading at 1,500 vs today's 1,800 gold and share price of 93p and now we've had a reserve upgrade...er...looks good value to me....https://www.reuters.com/article/us-centamin-endeavour-mining-m-a-idUSKBN1Y70TX .
The problem is this promises great jam tomorrow but a lot of investors look at Jan today and currently profits will be lower than at the time of the endeavour bid because of how much higher costs and lower ounces that more than obviate the change in sterling gold price. However I am extremely happy to hold as I am looking forward to lots of delicious jam in 2024 onwards
That was before the mine issue- however I think that this is a buy now from all the things we’ve hoped for since that issue and the RNS today
you also get paid to wait via the c.10% dividend...
Agreed Sotolo. Lost of good information but a lacklustre messgae.
Should sack thier communications team. Slide 17 of 48 production ounces over time is uninspiring.
The presentation is underway, get dialled in
I appear to be the contrarian here, but I don't see much good news at all. A smithering of jam in 3 years time
Am I living in a parallel universe ?
Nothing new so far that wasn't read in the presentations- bar there could be further savings not yet factored into the AISC moving forward.
To me- it's a conservative view which also comes across in the presentation also in the commentary as it's being delivered.
Others dialled in please post your views.
So reviewing old slides with the pit they took reserves out and have now added them back in - look at slide 15 and then the various old presentations.
Kicking thé can down the road is my humble opinion
At least they are maintaining the dividend
Match fit for M&A
Multiple growth opportunities available with " A review of the capital structure underway with a view to increasing financial flexibility ..".
What do you think that means ?
Hi Candid,
You possibly hoped for more sooner, nothing wrong with that of course but unfortunately how could you really know since 2016 the best times were over , unless you had read the 2016 / 2018 report's by Kees Dekker regarding glossing over the true facts high grading ?
But even if you had read those reports the findings were denied by CEO Andrew Pardey and he along with Josef El Raghy & Youseff El Raghy was predicting 500- 560,000 oz a year from Sukari alone!
So more than likely and understandably you would like so many other share holders,other analysts and financial media have chosen to disregard the concerns of a very experienced independent mining analyst in favour of the opinions of those who should have been running the Sukari mine properly and acting in share holders best interests.
Hindsight is a great thing , but the reality is that share holders were strung along in some part by members of the El Raghy family who lets face must have known the best times were over and may have been why they were selling shares!
But the near pit wall collapse exposed so many myths and the truth which is why we are here we are, in the bucket shop!.
So not ideal , not what we were promised by the previous management and although Sammi discovered a great recourse and claimed to have the best people running it one must ask "Best people for whom?" who has benefited the most so far?
Great changes are needed and fortunately Martin Horgan and his team seem to be bringing them about, although unfortunately for us all it will take time!
I think the latter "increasing financial flexibility" comes from the end of the conference where M.Horgan was talking about taking on debt to finance expansion for the first time (not sure how I actually feel about this).
No clear answer on the progress of the West African assets, but I was personally a bit more re assured about the plan for sustained Sukari production at or above 500kOz/year going forwards (although it is the first time I've dialled into one of these).
My main concern going forwards is fuel costs which I can see exploding globally and the AISC (especially with the guidance at the top end of $1425/oz!). If there is any significant drop in the POG, or the POG does not keep up with inflation, those margins are going to get pretty thin.
Yes I was the mug with the poorly worded hedging question.
Yep alas, hard to argue with your post Mr T, the short term AISC is not liked plus the conservative approach- although this is what has secured things up a lot since Oct2020, and create a much need path for expansion.
As you say will take time and now on correct path.
Lol WalShse121!
Hi Walshe,
Don't beat yourself up for the phrasing of a question, at least you asked and it demonstrates share holders are interested.
Should read 2024 play still 3 years away which is a long time and anything could happen
Share price always falls everytime there is an update or results see my previous posts re this and today is no diifferent
Broker upgrades a joke and only to be ignored
Running out of days for gold to be 2000 by the end of the year,but i suppose Maquire is still spouting it
I am staying with my core value of 118-120p. The reason for the AISC rise next year is a huge amount of drill results. The solar plant from memory cuts 1/6 of all fuel use. Centamin is forming a base where it goes up 10p for every $100 rise in the future gold price.