Member Info for ElProfessor

Sotolo, There is a major support line at 133.5. I know we are under that at present but I would like to think that it will hold. Yes I do think this will recover. Ultimately all that has happened is that we have hit a bad patch in the mine wall and need to get through that to get to better grades again. Also don't forget some of the promising other comments made in the Q1 update. Perhaps the biggest worry is how could management have got caught out like this. I am not a mining expert but you would have thought that if it is what you are mining in the next quarter then you should be able to drill enough samples to be pretty confident on the grade. Selling today looks muted on what I can see but there could be a large unwinding of a position that we will not be sighted on until the end of the day or even next week. As is always the case with bad news like this we will take a hit (how big is anyone's guess) today. We may then continue to be pushed down but I think it more likely we will hover around where ever we close today gradually recovering to the low 140s and then stay there until Q2 prod and results. Q3 and Q4 are likely to be good and then a little confident will recover. You right POG will clearly influence our SP and a 200 dollar rise would indeed be likely to project us back to the 160+ range. I think the hit to the management's credibility will be the most serious issue for the SP for a while. Not sure the new COO had made a particularly strong start. Best wishes, Prof

http://www.proactiveinvestors.co.uk/companies/news/197697/centamin-plunges-as-it-forecasts-weaker-second-quarter-as-low-grades-persist-at-sukari-197697.html

Sorry Sotolo, my autocorrect massacring your name as usual.

Stool, Well at least it has got us all out on the Board again. I agree with you that this could get worse although so far the only sells of any size I can see are for 40,000 and 20,000 and the buys are outweighing them. Suspect we wil see a few analyst downgrades. I was expecting a nice move up this morning with gold back above 1,300 so this is a bit of a blow. Hope all is well, Prof

The consensus on this board has tended to be that the management of Centamin is a very safe set of hands who consistently under promise and over deliver, something very rare in this sector. Today may need us to revise our opinion particularly in light of the fact that at Q1 announcements they were still confident about hitting full year targets. Best wishes to all, Prof

Hi Sotolo, Good to see you back too. Like you I have reduced my holding somewhat but still have around 150k shares so continue to follow it closely. Hope all is well. Best wishes, Prof

So many old faces back on today - great to see,especially Tibbs and Siko. Like so many I am still reading the board daily but not posting as much. We have kind of been in a holding pattern for a good long while but it is looking pretty positive at present. If you factor the dividend back in (a cheap trick but reasonably valid this close to it having been paid out) we hit 167p today which is pretty respectable. It will be interesting to see both what is said and the tone of the Q1 results this week and also how the market takes it. Best wishes to all the crew, old and new. Prof.

Hi Massa, I find HL superb but can be pricey depending on the value of your holdings and how many accounts you hold them across (e.g you may have an ISA a/c, a share a/c and a SIPP and your wife/husband may have the same). I mention this as the max charges will be for each. Having said that if you have a large holding HL will probably listen to you if you ask for them to be combined. I went away from HL for some of my accounts but found I was losing more by not being able to transact promptly with my new provider so went back to them. HL scale (and I supposed level of charges) means that you are getting a premium service. Calls to the service centre are always promptly dealt with (actually that depends on what you call promptly, I once had to wait around 3 mins near the end of the tax year), the operatives always seem very well trained and able to deal with my queries and I am sometime trying to do complex stuff, on the rare occasion that they can't help they have someone behind them who can and finally they are genuinely customer focused. I once needed to buy a significant amount of shares before the funds I was selling had cleared and they agreed to let me trade with 90% of the value. Finally their IT platforms are very robust, the lay out of their website crisp and intuitive and their research tools first rate. Sorry if all this sounds a bit like a HL eulogy but I really like them as a company and think they are worth the extra cost. Best wishes, Prof

Not the best written piece I have ever read but interesting nevertheless and positive on Centamin: https://seekingalpha.com/article/4162091-centamins-cash-cost-efficiencies-story-intact?auth_param=1dddpn:1dcpjbp:809e6b369a8e67631cec6723b18a4bf6&uprof=45&dr=1#alt1

Mister Booth, Cowichan, Somnamna, Thanks to all three of you for the information provided following my question (and once again to S&F for tracking the numbers in the first place). Mister B was your 180k pre-adjusting for purity? I also remember someone (Siko?) writing the shipments in the first 5 days of a quarter are counted in the previous quarter. Cowichan reminds us of a good point which is Cey have based their financial figures on POG at 1250 so the average POG in Q1 will give a significant financial upside (haven't done the maths but an average POG of 1325, which seems about right, would give an upside of 6%). Let us hope that this, combined with production ahead of forecast and all the potential upside in the background that Cowichan mentions, are the catalysts required to provide the next step up in the SP. Best wishes to all, Prof

Cowichan, Am I right that the forecast for this year is 580k evenly distributed through the quarters? If that is right it suggests c. 145k for Q1. What do we think we are at presently? Best wishes, Perf

Hi Rebess, Wasn't going to post but agree that without Tibbs it is very quiet so thought I should make the effort. We definitely miss him and I hope he will come back rather than let the loud mouths, who he understandably took exception, to win the day. I was likewise really surprised by todays's increase particularly given gold's fall. I dumped 25,000 at just after 2pm at 152.7 on the basis that I would butythem back if CEY then fell but benefit overall from the rest of my significant holding if we climbed. I like the fact Goldman has called us at over 200p but more because it will inject confidence than because I have any confidence in Goldman's ability to call this. I am confident, hopefully not wrongly, that Q1 prod figures on 09 Apr will be ahead of consensus, largely part to Sparkle and Fizz's excellent efforts in taking up Siko's mantle, and will see an upward spike in the share price. I am however nervous about the gold price although hoping that the recent weakness is related to the end of Q1 options et al rather than anything else. Best wishes to all, Prof

Interesting post by Eeza on the ADVFN Board ref a shareholder kick back at the AGM on Centamin's remuneration: https://uk.advfn.com/stock-market/london/centamin-egypt-CEY/share-chat

Glad to hear that you have a firm exit point on the downside to protect you. Hopefully it will be your higher exit point at 175 that will be triggered and you will be able to furnish the house extra well. Good luck with both the move and Capita. Best wishes, Prof

I hope for you it does fly. What will you do however if it goes down ahead of when you need to transfer the money to the solicitors? Will you still have the funds to do it? Genuine best wishes but worried about the risk it sounds you are taking. Prof

Hi Paul, When Siko previously posted this is the page I donated via https://www.gofundme.com/2dj3maew Given that Siko is not on here that often anymore you may want to use that if he has not responded to you in the next few days. Best wishes, Prof

Hi Siko, Great to hear from you and delighted to hear that your charitable work in Egypt is building further momentum. Very best wishes, Prof

S&F, You are doing pretty well so far and we are all, I am sure, very grateful for your efforts. Best wishes, Prof

Marmot, Thanks for sharing your thoughts. Much appreciated, Prof

Hi Marmot, Good to hear your thoughts and to see you post on the board; always illuminating. I am surprised that CEY is not stronger given that 2017 numbers were hit, 2018 is looking good and the stock markets more generally are in sell off with, presumably, a need for a safe haven in gold. What are your thoughts please? Best wishes, Prof