Member Info for 3bear

Can I just ask you Cowichan in all honesty are you being paid to post on here, or do you have some other motive?

It's just that flipping through your posts there is an unremitting stream of extreme negativity about this company. I find this odd in someone who is no longer invested.

It's just that when I'm not invested in a stock I have no interest in the chatboard, couldn't care less? Why would you spend so much time sledging a stock you were out of, unless you had a reason to do so?

The post of yours that freaked me out was when you suggested the guy who oversaw the bonanza grade drill results for CEY might be a fraud?

You are coming up with really quite sophisticated content, at an incredible output rate, all of it trashing a stock you're not invested in.

To be clear I don't want you to justify you posts, I want you to answer the question: Why are you doing it?

The Bank of England has printed £895 BILLION of new money since 2009, most of it in 2020. You cannot swamp an economy in almost a trillion quid's worth of mickey mouse cash and not expect inflation to tick up a bit.

January 23, 2023

GP = 1930

SP = 116

June 23, 2023

GP = 1926

SP = 91

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The good thing is that Centamin earns in USD and pays its workforce and local suppliers in EGP. This goes a long way to lessen the effect of Egyptian inflation I believe.

H2 production should be around 255,000oz to hit mid-guidance and Horgan has been determined to deliver on his production guidance so far...

Q2 revenue will be well in excess of USD200,000,000

Grid connection around the same time the waste stripping contract ends is going to see AISC plummet.

Doropo means 700,000oz+ from 2026.

What a brilliant and exciting investment opportunity Centamin is at the minute.

And it's cheap.

Just can't find anything not to like about this stock.

Funny old share this - there was I feeling v pleased with myself to get back in at 97.9...

Just to say Warren Buffet has never paid a cent dividend on Berkshire Hathaway stock as he always felt he could create more value for the shareholder by investing it.

As long as shareholder value is created at CEY then I don't mind if the dividend is zero. Sotolo I don't see Doropo as self-aggrandising but a serious project that I hope is going to create the kind of SP growth we're all after?

For clarity giraffe rhymes with laff which is vernacular for laugh.

Spoonington.
Who the Chinese people choose to head their government is up to them.
Are you having a fnking giraffe?!?

Also guys seriously, is it sensible to attempt to predict future price movements using data that is 5 hours old? Anyway I took a punt and sold out expecting Q1 AISC to be much higher than it is - so suspect I'm about to get my porridge burnt - the market's going to like these results cos they're fab.

It's admirable - but frustrating. More cash into the ground in the short term, benefit arising mid-term. Patience reqd. Again.

RNS here.
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4267402&lang=en-GB&companycode=au-cey&v=

Hello all, it's the money they're pouring into the ground at Sukari that's holding the SP back. Q1 AISC is gonna be north of 1500/oz again. There's no way not to spend this cash, it's the right thing to do, but the SP can't really fly until this number comes down.

The Capital contract went out to tender like any other. It was more cost effective to hire a contractor for this work than to buy the extra trucks and excavators to do it in house.

Sotolo, Razors, SteveJ, you're all right in my view....
Rising SP depends on a market sentiment that production will rise, AISC will fall, GP is strong and ultimately as Sotolo says, profits are going to rise and keep on rising.
At the minute we're slightly in limbo ahead of a quiet Q1 but Q2 results should set things moving again.

Bid speculation caused yday's spike according to the UK press.

It was a positive end to the week for M&G after the investment group rose highest among the blue-chip stocks. City analysts said the gains were most likely driven by the positive read-across from Jupiter's results and revived bid rumours that M&G could be a takeover target for one of the larger asset managers. Shares soared 7pc, or 13.8p, to 211.3p.

pipedreamer it's only what I think but I reckon another spell in the 90s is likely, particularly after Q1 results on April 20. If that does happen I will be loading up as I think Q2 & 3 will be much better, just like last year.

Tibbs!

"This stock now is an established unpredictable and unreliable stinker and at present as you rightly point out has become ideal for trading!"

I think the current management are doing a fantastic job. They sensibly budgeted 60c for diesel but it was 90c because of Ukraine, costing an extra $60million. Yet they still brought the AISC in under 1400 for the year, within guidance.

What we are seeing now IMO is a prolonged reaction to the FY results and the sobering realisation that heavy investment will continue at Sukari for the foreseeable.

This is not dead money, even the waste stripping is an investment that will improve access in the pit and result in consistently higher production.

I believe the fundamental benefit of all this investment will really start to show from the Q2 results onward. So in short it's hurry up and wait, there'll be jam tomorrow. Promise.

MasterRSi just interested, what is your chart indicating now?