Member Info for 3bear

GP 2180

Cey 105

And up she goes like a rocket.

Hi Paul - just to mention final results for 2023 will be a repeat of the numbers released in January - 450,058oz produced, revenue $892m at AISC of $1220. They will announce the dividend though and I'll be listening out for any update on the discovery at Little Sukari - which might be the tip of a gigantic new orebody. Or not.

Then its on to Q1 2024 results on April 18 which will include sales to March 31 with new numbers for production oz, sales and AISC. Current record highs in the GP will contribute to these figures so let's hope they're stellar. GLA

Cheers Tony - Spring it is. Let's hope 2100 is the new support level. Setting up nicely for a good FY results show on Mar 21

GP now at 2156 and Cey heading south - this stock does my absolute head in.

Hold on to your hats, I think she's gonna blow!

Gold bugs theory - retail investors are selling goldminers and Gold ETF to buy bitcoin. Central banks are buying physical gold - hence the lag between GP and miners. Neat theory huh? Wonder if its true

GOLD 2146 !

CAIRO, March 6 (Reuters) - Egypt's central bank said on Wednesday it had hiked interest rates by 600 basis points at an unscheduled meeting and would let the pound trade freely in an apparent move to restore economic stability with the help of Gulf investment inflows.

https://www.reuters.com/world/middle-east/egypt-raises-interest-rates-by-600-bps-pound-tumbles-2024-03-06/

On the original Q I wouldn't expect a divi of more than 2.5c, they're storing up as much cash as poss to develop Doropo which as Ray O'Sunshine (Cowichan) points out is now going to be waaaayyy north of the original 275m like about 500m.

Anyway don't want to bring us down - SP 101 and looking good.

Hi all. Nvidia is currently valued at more than GDP of Canada. This seems a little optimistic. I hope PHNX will turn round but think it is the collapse in the price of the bonds it holds that is causing the current weakness? Anyone else got a view?

Aw c'mon rebess we go through so much disappointment on here great when we get a boost and no harm saying so

Well, we're on the way... GP now 2125

Lots of talking heads on youtube predicting an imminent breakout in the GP to 2500. Wouldn't it be nice if they were right.

Here's one of them at 17:21

https://www.youtube.com/watch?v=zWXVeAav-QA

I like David Lin he gets interesting guests and asks good Qs

I think it's the parlous state of the Egyptian economy that's holding this share back - Cey has got stellar numbers and prospects otherwise. I'm fully in at the minute and wishing a bit that I'd sold out at 103. ho hum GLA.

Mr Tibbs is absolutely within his rights to post this on here. It's a major geopolitical event. Well done Tibbs

Hi Tibbs - I think energy coming from the grid was going to be 50% cheaper than diesel generation at Sukari so they've got a bit of leeway for price rises.

Also if there are power cuts they are keeping the HFO gensets so can just fire them up again.

Either way they expect to recover the cost of grid connection in just over a year not to mention the benefit to the environment of not burning 10 million litres of diesel every month on electrical generation.

We live in crazy times.

Bad news on the economy means interest rates might be eased so equities and gold go UP.

If the economy does well rates might stay higher for longer so shares and gold go DOWN.

Good news is bad news and bad news is good news.

Bonkers.

Hi Pam, welcome to the world of Centamin share ownership! I've been holding/trading this one for a couple of years and the price has ranged from 76p-125p visiting both extremes or close twice in that time. Many holders here made a lot of money when the shares hit £2 in 2020 but others also bought in at those levels and are pretty fed up, to put it mildly

FWIW I think the share price sinks on news of regional political instability, any hawkish news on central bank rates (higher rates = lower GP) and high costs of production and exploration.

On the plus side this is a world-class asset churning out 14-15 tonnes of pure gold every year and it is about to get better. Building doropo ($400million perhaps?) and continuing EDX and pit maintenance mean the company is ploughing an awful lot of that cash back into the ground and - as you point out they - have to give half their profits back to the egyptian government.

If the shares are £1 the company is valued at 1£.2billion or so which is around 10 times profit. so my rule of thumb is if the shares are trading at much less than a quid they're a bargain and at much over £1 it's time to take a little profit but that's just me. Anyway it's an intersting share to own and I wish you the best of luck with it.

So the lift in miners today was down to the China's decision to cut their equivalent base rate by 0.5%. Apols if I missed this on here earlier but at least we now have a proper explanation for today's sudden boost and all the other miners too

Funny enough Horgan says somewhere in the Q4 results presentation that Q1 2024 is expected to be slightly softer than the rest of the year even though production guidance is split 50-50 between H1:H2... the thick plottens as my old boss used to say.