Centamin PLC Share Price (CEY)

I don't know anyone has any knowledge of CPM Group but Jeffery Christian, opinion's in this presentation seems to be pushing a very different narrative to many of the other precious metals market experts

Might be interesting to invite Jeffery on some time for an exchange of opinions with one of other experts in the Youtube Live from the vault presentations?

In this presentation, CPM Group’s Jeffrey Christian discusses a range of topics surrounding precious metals, focusing on misinformation about U.S. Treasury Gold and providing a Market Update for Gold and Silver.

Jeffery also discusses gold held in foreign and international accounts at the New York Federal Reserve, who controls leased metal, and the myth of delayed metal delivery from the US Treasury to Germany.

https://www.kitco.com/opinion/2024-04-26/gold-and-silver-market-update-myths-and-misinformation

Major European stock exchanges traded with gains in the premarket on Monday as investors anticipated the release of the latest consumer inflation data from Spain and Germany. Moreover, the report on the euro area consumer confidence will also be in the spotlight.

The DAX gained 0.11% at 8:00 am CET. At the same time, the Euro Stoxx 50 rose 0.35%, the CAC 40 added 0.07% and the FTSE 100 increased 0.64%.

The euro traded 0.31% above the dollar at 7:59 am CET, changing hands for 1.07256. Concurrently, the pound was up 0.33% against the greenback, selling for 1.25363.

Baha Breaking News (BBN) / AY

Happy Monday y’al

Gold currently $2330.15

Hi Dasut,

Thank you for your detailed reply , it is greatly appreciated!

I quite understand why you couldn't ask questions last time and I hop enjoy enjoy your next trip!

I have had a reply from fti, although I wont post any of it as yet on an open forum until I have had a few things checked out

Tibbs

Tibbs I have had a good experience getting answers to my questions. What specifically worries you the most? Maybe I or other members of this group can either answer or ask on your behalf. Not sure PR is the way to go for specific questions normally only any good with generic questions when it gets to the nitty gritty like all PR companies they need to ask someone on the ground and this not only takes time it can often then get lost due to work load and demands on peoples time.

I wasn't able to participate in the last 1st quarter presentation because I was on holiday but to be honest after the last call in at the year end presentation I wasn't expecting a good 1st quarter. In fact the only good thing that I took out of the presentation was that at long last they are laying down on leach pads very low grade ore that would normally be dumped on the waste dump. Why they haven't done this with the stockpile material I don't know but will be asking the question once I get time which won't be soon as I am off on my travels again. This could be an exercise/project worth talking to Capital about when the waste project finishes.

Low grade ore from the open pit is still viable take a look at the "Interactive Analyst Centre " numbers and you will see the comparisons in costs when compared with underground they both need each other otherwise the cost of processing would rise exponentially. Processing grades are crucial as is volume.

I see you are asking why the waste project costs have been capitalised or deferred and my reading is smoothing of the numbers and taking at a later date when they are in the areas where ore has been exposed. Someone on this board who has better experience of creative accounting may be able to explain.

Like others I am not expecting to see real progress until after the Waste Project has been completed and then the proof of decisions made by Horgan and his team will be in the results, albeit I know we will still have some blips on the way because that is the nature of investing in high risk markets and mining is very much one of those markets.

Whilst Endeavour warrants a 'hold' ?

Endeavour's mines have the threat of being expropriated in Burkina Faso.

Gold is at record highs, Sukari's waste moving contract costs are about to end - shouldn't this be the time free cash flow improves for Centamin?

https://www.proactiveinvestors.co.uk/companies/news/1046149/take-some-money-out-of-gold-miners-suggests-liberum-1046149.html