Member Info for Autonomy1

Probably need a few days to formulate their intentions

Dan
See earlier post talks have been halted

They have sold approx 40m shares it wast done in a day or two hence the price has been falling for several days

Tiger
You have lost me you say that the blocks south of Sukari were removed from the licence round so how can anyone be given the them
Please explain further or you Mr Tibbs

Auson
There is a big difference between 130 and £2,with next year production lower and costs up it's only the Pog that is going to get this going up

I think it will take 18 months or more to get back above £2,unless gold goes to 2,500,so if you dont keep them you are going to lose a few hundred grand

Thanks for that,looks like he is useless like his father

Recess
ElRaghy stood down last year and he isnt shown as a major shareholder,so I think he only has 10 to 20m shares

My biggest fear is if they cut the dividend and the Loa report isnt good the share price will collapse to 70p

Hedgehog
We must of been thinking this at the same time

Sorry j cant get excited about any new licence deals.They bought Ampella late 2013 with a view to expand outside of Egypt.Almost 7 yrs later they are only at the scoping stage so years away from any build and production.,why is it taking so long was the previous management and board so incompetent

It could be that the company is waiting for specific details from Egypt and then they can evaluate on what it actually means for the company in an Rns,so that they dont mislead investors

This may help you
Centamin invested roughly $1.1bn in the Sukari Gold Mine so far, and it is committed to develop sustainable mining in Egypt. The company spent $470m prior to production, in order to finish the first and second phases between 1994 and 2010. Centamin invested roughly $607m to apply expansion operations in Sukkari Gold Mine in the last four years since 2010. Expansion spending was divided into $16m for Phase III operations, $331m for Phase IV, $70m exploration costs, in addition to $94m for purchasing stone transport equipment, and $96m for building the infrastructure, as well as other development costs.

Even with confirmation I cant see it making much difference to the share price,as they have a number of ongoing projects already,and it takes years before they start production
Furthermore ithe company will need funding to take these further

Why is this relevant to Centamin,it could relate to any mineral or any company

What's it going to take to keep above this level

Taken from tye company website

The Company’s dividend policy sets a minimum payout level relative to cash flow while considering the financial condition of, and outlook for, the Company. When determining the amount to be paid the Board will take into consideration the underlying profitability of the Company and significant known or expected funding commitments. Specifically, the Board will aim to approve an annual dividend of at least 30% of the Company’s net cash flow after sustaining capital costs and following the payment of Profit Share due to the Government of Egypt.

Albi
Dont assume the dividends will be the same next year as they wont be making so much money and thus the cash flow will be less which it is based on

Obviously doesnt want to go as everytime it turns blue it goes back down again
Looks like £1 here we come

If you intend to hold for a few years this is a good price,you could wait but then miss out if gold suddenly rises or we get news about the licences