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Posts: 12,284
[CEY] Centamin announces that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the "Official List") and to trading on the London Stock Exchange's Main Market for listed securities. Work has commenced on the listing process and it is anticipated that this work and a move to the main board of the LSE as a primary listing will be concluded before year end. The Board of Centamin believes that the Company has now reached a size and stage of maturity at which the Official List will be the most appropriate platform for future growth. The Directors believe that the move will result in the Company benefiting from an increased potential investor base, a higher profile and an increase in the liquidity of its shares
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Hi GedW, I have this on my watchlist, the graph looks like no others as in the sense they have been enjoying a nice steady climb. Waiting to see if there is a slight retrace. I'll keep it on my watchlist for now.
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I hold these, though not as many as I used to. Every time there is an upgrade or an rns such as this one about going on the full-listing, it gets tempered or even completely diluted by the never-ending issue of new shares. It's like having a glass of scotch (or a nice cup of tea) with water steadily dripping into it. In the end you lose interest.
Posts: 1,840
You watch, when it gets the full listing in come the institutions, and up goes the price. But my bet is then CEY will come out with placing after placing, leaving out us private investors and we'll be diluted back to where we were. My gold-producer hedge is PAF (amongst others).
Posts: 12,284
Changeover date scheduled for 05 November 2009,let us hope there will be fireworks and a fanfair, subject to the receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange. Funds trading in AIM tracker stocks will be obliged to sell and those funds trading in FTSE 250 trackers will buy. There is no doubt that [CEY] will be elevated to the big league.
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[CEY]Announce that on 28 March 2010, the Company reached and surpassed one tonne of gold poured at its Sukari Gold Mine in Egypt This followed the one millionth tonne of ore processed earlier in the month through the Sukari CIL circuit. The Sukari process plant continues to perform above its nameplate capacity of 4 million tonnes per annum and remains on track to produce 200,000 ounces in 2010.Construction and cold commissioning of the Stage 2 sulphide circuit has been completed with no major issues encountered. As previously advised and scheduled, wet commissioning and processing of sulphide ore is to occur in April.Josef El-Raghy, Chairman of Centamin Egypt.
Posts: 12,284
[CEY] Raising additional funds in a private placement. As this is no longer ia "penny share" and the company has delivered up the expected shareholder value. My belief is that the share price could double from here. But for now, the share is well covered on the boards so I will leave this now as most of the prospects are clear now.
Posts: 12,284
production results for the quarter ended 31 December 2015 from its Sukari Gold Mine ("Sukari") in Egypt. Preliminary total gold production for the quarter was 117,644 ounces, a 12% increase on the previous quarter and an 8% decrease on Q4 2014. This brings full year production to 439,072 ounces, a 16% increase on 2014 and within guidance of between 430,000 and 440,000 ounces for 2015. Open pit total material movement decreased 4% on the previous quarter to 13,754kt with open pit ore production increasing by 1% to 2,229kt. The run of mine ore stockpile balance decreased by 328kt to 704kt at the end of the period. During the quarter an unfortunate incident occurred within the open pit operation, when a contractor's employee was involved in a rock collapse whilst relocating a grade control drill rig. The operator, and sole occupant of the drill rig, was fatally injured in the incident. A full review of the relevant operating procedures has been completed, subsequent to which open pit mining rates have increased towards target levels. The underground operation delivered 300kt of ore, a 4% decrease on Q3 2015. Quarterly throughput at the process plant was 2,758kt, a 3% increase on the previous quarter and in line with our target rate of 11 million tonnes per annum (Mtpa).