The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi, why do you expect those figures? What's you reasoning please?
I'm not expecting anywhere near that, but differing opinions is a good thing.
Thanks.
Looks like you might get your wish at 20p.
Just came across this story which I thought some would find interesting. Apologies if this has already been posted before:
https://see.news/centamin-egypt-invests-10-mln-in-exploration-phase-in-new-concession-areas/
'Centamin Mining has established 4 new companies to explore for gold in Egypt, and undertake exploration in the new concession areas that the company won in the first round of the gold auction that the country recently put forward.
CEO of AlSukari Gold Mining Company Amr Hassouna said the new companies include Centamin North for Mining, which is specialized in carrying out exploration works in the Najd area south of Al-Qusayr, and Centamin Central for Mining, which specializes in working in “Najras” near the Sukari mine.'
A very good set of results this morning which make very good Reading. And even hints about reinstatement of a future dividend or other investment opportunities with the surplus cash. Onwards and upwards from here I would hope
Might be down to the comments about the pingdemic and the affect on supplies and workforce?
2/2
This column has yet to strike it rich with Centamin: the shares are showing no gain since our initial analysis more than two years ago as the firm has disappointed on production volumes and costs more than once. A development plan announced last week for its assets in Burkina Faso and Côte d’Ivoire also went down like a lead balloon with analysts. Yet the company should be primed to capitalise if gold prices do shoot higher, especially as a first-quarter update in April reaffirmed 2021 goals to produce between 400,000 and 430,000 ounces of gold at an “all-in sustained cost” of between $1,150 and $1,250 an ounce.
Admittedly, that means production will be lower and costs will be higher than in 2020. But the targets still underpin management’s aim of paying out at least $105m in dividends. That is the equivalent of at least $0.09 a share, enough for a yield of 5.8pc, and the higher the gold price goes, the more chance for higher profit, cash flow and dividend forecasts.
Centamin could yet regain its lustre.
https://www.telegraph.co.uk/investing/shares/questor-either-gold-price-miners-share-price-wrong-say-back/
Questor: either the gold price or this miner’s share price is wrong: we say back the miner
Questor share tip: Centamin has been a serial disappointment but even its curtailed targets for this year imply a yield of almost 6pc
Gold is hovering around the $1,900 an ounce mark, which means the precious metal’s price has risen by 55pc over the past five years and trades at barely 7pc below last autumn’s record high. By contrast, shares in Centamin, the gold miner, are no higher than they were in June 2016 and stand at barely half the peak reached last year. It is therefore tempting to argue that either the gold price or the share price is “wrong” – and given the current macroeconomic backdrop this column’s inclination is to believe that the share price is too low rather than the gold price too high, even allowing for Centamin’s history of operational disappointment.
America’s Federal Reserve, the Bank of Japan, the European Central Bank and the Bank of England are showing little or no inclination to tighten monetary policy. This is despite the fact that near-zero interest rates and quantitative easing were described as emergency policies when they were introduced in the West in 2008-09 and despite signs that inflation is gathering – last month’s 4.2pc year-on-year rise in the US consumer price index was the fastest rate of advance in more than a decade.
The central banks’ view is that this surge will be temporary because it is partly the result of pent-up demand and supply-chain dislocations as lockdowns ease and partly due to the low base for comparison offered by the economic downturn of 2020. That view may be right. But commodity prices are rising, factory gate prices are on the up and consumer price indices are surging. If wages start to rise sharply we could indeed be in a situation in which inflation is truly making its return after lying dormant for the thick end of 40 years. Real assets – commodities and property – or paper claims on real assets via shares in miners, for example, provided portfolio protection in the 1970s as the cost of living galloped higher, so those investors who do fear the return of inflation could be forgiven for researching gold miners such as Centamin once more. That said, those who see inflation as a transitory phenomenon will be unmoved.
1/2
Thanks Lucky, that's good to know. So likely only to affect self builders who might have bought from SFE which is going to be very, very small numbers if any.
I'm hearing all sorts from builders at the moment who can't get bricks or blocks etc and having their orders sold from under them to people offering more in cash before they pick them up. Steel is the biggest commodity shortage in the construction industry at the moment from what I hear; raw sheet steel not so badly effected but anything colour coated for cladding is in short supply (several months+ on certain products) and steel for structural frames/rolled steel the lead time is going from 6-8 weeks to 12-18 weeks+.
Does anyone know if SFE supply many frames for new builds?
It's still a good price at this level, just keeping an eye on the current shortage of materials in the construction sector.
Wow that's an unexpected spike down to 58, hope it's a blip and 56 holds or I don't see support till 49ish. All good in the long run but don't like being on a big dipper :)
Longtime investor and board reader checking in as I just came across this link:
Egypt signs new gold exploration contract worth $5.2m
Daily News Egypt
... four Egyptian companies, the most prominent of which are: Centamin; Medaf; Park Gold; Al-Abadi; Red Sea Resources; Nubian Mines; North Africa; ... https://dailynewsegypt.com/2021/05/13/egypt-signs-new-gold-exploration-contract-worth-5-2m/
23rd of September.
Fantastic results, long term this is only going one way.
UPVC WINDOWS MARKET TO OBSERVE EXPLOSIVE GROWTH TO GENERATE MASSIVE REVENUE TILL 2025
https://newsbrok.com/uncategorized/132864/upvc-windows-market-to-observe-explosive-growth-to-generate-massive-revenue-till-2025/
Just exceeded the peak volume we had at the depths of the crash at the 14p bounce back. Massive volume today.
By the sheer amount of buys going on this is clearly being held back. With the buying activity going on I'm surprised we're not at 35p.