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Cowichan glad to know you're not one to shoot the jester...just dunno why you never have anything even mildly positive to say about this company - your analysis is unremittingly catastrophically negative, why are you doing this?
In all seriousness, and for what it is worth, I think Martin Horgan is a superb CEO, he has the bit between his teeth. the work he is doing at sukari, or rather the work his mine manager is doing under his direction has given me massive confidence in the management of the open pit in that we will not see any sudden drops from here. The focus on safety, that a safe mine is a well-run mine by definition (DASUT any views on this?) rings true to a non-mining investor like me. The ounces growth will not be as fast as some would like but his emphasis is on sustainable growth. Isn't sustainable growth the holy grail of good investment? This stock is not without risk - every possible, fabulous and imaginable wibble wobble wahoo WTF I have issues type risk is put on here by cowichan. But the bottom line is this is a well run business in a slightly risky set of jurisdictions. If you are happy with the latter, then invest as much as you feel comfortable with and I think things will go well. I'm all in at this point at an average 95.8. Doesn't mean I don't regret doing a steve and offloading at 99 to pick up at 93 the other day hey ho - but on balance this is a good long term bet. Good luck everyone.
What a superb and world class business Centamin is becoming?
The efficiencies achieved at Sukari are fantastic. Putting things right from the ground level up. Matching excavator bucket sizes to the truck load capacity properly has resulted in significant increase in Mt shifted just down to good practice, a tyre workshop to extend life of tyres at 12000US per truck x48 trucks, recycling grinding media, reviewing explosives and leech consumables to increase effectiveness, the coming gravity circuit to extract gold before it even hits the cyanide. grid connection - even if there are power cuts during the day sukari can load up the batteries overnight from the grid and then whack in the solar from dawn to dusk. It's not just the diesel saved it's the trucking out to the mine site - an artic-tanker truck delivers around 30,000L per truck, so at the minute that's three tankers of diesel not going to sukari every day due to solar this is fantastic. This company is rare in that it is doing everything from greenfield exploration/prospecting to site development to crunching out ore in massive volumes. It is the most exciting stock in my portfolio and I urge you to BUY. (Er Alex BC what is my fake name on here is it 4bar or something, best Martin xxx)
Hi all, very pleased with these results and the market reaction to them. The hedging seems very sensible - guarantee a certain level of revenue with open upside during a period of heavy investment - Doropo in particular but also more solar, grid power etc. Just want to say to Steve, you have done us a service, because as any fule kno... Option2.
Cowichan - enrich his ESG buddies (solar project) ???
This project is displacing 20million litres of diesel a year at 80-90c the litre. it will pay for itself in two years. It was executed flawlessly on time to budget and is delivering nameplate capacity. Diesel has to trucked out to sukari 30,000 litres at a time in tanker trucks. This is a win win win and is rightly being expanded. Surely you can't moan about that?
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.
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.
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?
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.
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.