Member Info for 3bear

Crocked it's whatever the sterling value of your anglo holding is, divided by the number of CEY shares you used to hold then add 9.8p per old cey share.

Juan Espanol I make it about 1.84 per old share at the minute. Getting very tempted to sell a bit and bank some profit.

Yep Anglo's 29.93 close works out at 176 per old Cey share for me once the broker's exorbitant FX fee has been deducted. This is a new high for me, wonder if it will hold when the US market opens?

Good points Joeman, yep the future looks bright, just got to sit on my impatience

Slightly underwhelming - 145,000 tonnes of ore mined versus 180,000 guided as recently as September and newly reduced guidance of 625-675kt for 2025 versus 750-800kt given in September.

Sounds like there are quite a few issues to be ironed out before nameplate capacity is achieved, but this ore body looks like the real deal so... patience ...patience.

Autonomy I think the gold producers are lagging the gold price for a few reasons.

The full effect of $2500+ gold has not really hit the industry's bottom line yet. We are about to get only the second quarter of results since the breakout from around $1900/oz and these will reveal a spectacular ongoing improvement in the miners' finances.

I think the market is wary after the spike in the GP of a potential pullback, and a lot of money that would have gone into buying miners' stock may be heading for Bitcoin instead.

As long as the GP holds at 2500+ Anglo's numbers are going to be huge and I hope that will drive the SP higher.

Hi Peller, that does sound a bit odd, I'm with interactive investor, received the cash element of the takeover on Dec 5 and have been able to trade the Anglo shares since mid-December?

Autonomy, I've got nothing against technical analysis and I understand the theory, human nature is constant therefore behaviour is predictable. But none of the chartists saw the move from 1900 to 2800 coming, They were constantly reporting gold overbought all the way up to the top when (at last) they got to be a bit right and it came down a bit. So if the chartist say 2200 the only thing I would bet on is any other number than that one.

We have yet to see the true impact of 2600 gold on all the major producers. We've had one quarter of it so far which the market seems to have discounted as a flash in the pan. Yet the miners are experiencing a cash deluge of gigantic proportions. I hope that when this becomes clear, it will drive the whole sector higher.

Anyone know what the Ashanti plan for Doropo is? I asked the question at Anglo's Q3 presentation and was ignored. They don't mention it on their website details about Centamin. It's as if it doesn't exist. I presume they'll sell it?

I've now got my AU stock and cash. At last night's close AU was 25.65 meaning they paid me 149.71p per Cey share.

Let's hope 2600 gold provides this company with a deluge of cash.

You'll get 12.5 US cents per share in cash and 0.06983 Anglo shares with fractions of shares rounded down.

Example

1000 Cey shares gets you $125 and 69 Anglo shares

10000 Cey gets you $1250 and 698 Anglo.

Well I say broker but it's just a share dealing platform, nevertheless they did send me the corporate action.

I received this 'corporate actions' note from my broker on the 25th, looks like we'll get the Anglo stock on Dec 6.

CENTAMIN PLC - Important Information

Important Update.

Acquisition by AngloGold Ashanti (AG).

0.06983 of a New AG Depositary Interest (DI) and USD0.125 for each Centamin Ordinary share held.

Following our communication of 14th October 2024, we can confirm the Acquisition (the Scheme) received shareholder approval at the General Meeting and Court approval at a Court Meeting both held on 28th October 2024. The Scheme also received Court sanctioning at a Court Hearing on 20th November 2024.

Following such approval, the Scheme became effective on 22nd November 2024.

The Centamin shares were suspended from trading on 22nd November 2024 and the cancellation became effective on 25th November 2024. You are no longer able to buy or sell Centamin shares.

The Cash entitlements and New DIs are expected to be credited to your account on or after 6th December 2024, we will update you when these have been credited to your account. No fractions of DIs will be issued. We'll deal with any cash entitlements in accordance with our Terms and Conditions.

The cash entitlements will be converted into Pounds Sterling at an exchange rate available at the time of receipt. These rates will reflect the prevailing currency market at the time of Conversion.

Fab RNS everything on course - SP down 6% ???

They'll never do it.

No government of any state will ever tie their currency meaningfully to gold because it would mean giving up the power to debase their own currency. All governments need to do this all the time - the ideal rate of debasement in the US and UK is -2% according to the Fed and Bank of England.

The whole BRICS thing is an attempt by China to make the Yuan, or a Yuan-backed basket of fiat currencies, replace the dollar as reserve fiat for the Brics nations - one third of global GDP and rising.

If China thinks that in order to become a reserve fiat it needs thousands of tonnes of precious metals to give it credibility then, well, go gold. And silver. GLA

Hi Paul lets say FCF is $300million a year or thereabouts from now on. A minimum 30% of that would go to a dividend so $90m would be paid out. That's around 7.5c a share but as Autonomy points out there'll be no further dividend from Centamin. But if you convert your holding to Anglo you'll get their dividend which hopefully will be worth having because they are about to see their FCF go up like a rocket as well, at least that's what I'm hoping.

Hi Sotolo - I'm in UK and all my shares are in a Sipp so free of CGT - at least until Oct 30. With that amount of money at stake it must be worth taking professional advice on the most tax efficient options for you?

Sotolo I am hanging on at least til Anglo unveil Q3 results ( I think it's on Nov 7) which should show 600,000oz at 2500-ish delivering $1.5billion gross revenue and similar to centamin a massive leap upward in FCF. I'm holding cos I expect the Anglo SP to jump higher in response.

Anglo now 30.42 valuing Centamin at 1.73