The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Great to see the original 160km Sukari concession now being mentioned with some fantastic grades. No longer confined to the 3km by the sounds of things and a huge potential beyond that. The big players are clearly fishing for intel with staff poaching. Lets hope we dont succumb to a silly offer before we realise everything out there. Be nice if we hit some really big bonanza grades in the next couple of quarters.
Just topped up here. My BT went up 4% and this came down 4%. Looking forward to an extra share of the dividend. Am I right in thinking there is going to be a share buy back now too?
This has a total stink of Barrick about it and reminds me of Acacia. I struggle to understand why our AISC just keeps rising; it used to sit around $1000/oz but is now pushing $1400? That’s an extra $200,000,000 a year - what the heck are we spending that on?!? PPE?!? Fuel isn’t that expensive! Neither is labour. And we have no debt to service. So. shareholders and Egyptian govt are worse off by $100mil each and no obvious attempt to start finding gold nearby?!?
So gold is well up but unfortunately oil is too so our costs are increasing dramatically; does anyone know when the solar plant will be complete and producing power for us?
$40 billion and rising…! It is a daft market cap.
So why are we not now at £2/share given gold used to around 1250…! With the profit share, increasing production costs (inc oil, wages etc) things keep getting chipped away.
Oil went down - were heavily reliant on oil for production (hence the solar farm is being built to reduce this cost in the long term). So PoG may have gone down but the cost of producing the gold also fell.
I regretted selling this at 155 and watching it hit highs of 230! I nearly bought back in at 200 but today I’m back in and relieved at the opportunity. Global economies are struggling, interest rates are going to end up negative. And Egypt has more opportunity and it seems at last Centamin is getting the credit they deserve from the authorities for honouring agreements and generating money for the country.
UK banks now not paying out their dividends until later in the year. Shareholder returns are going to start falling yet our business model was always based on a gold price of around 1250-1300. So when will investors smell the roses and realise gold stocks are going to be of the few that provide a return?!? And centamin is debt free with a lot of cash in the bank?
Yeah - googled the 7 day weather for Sukari - 20-26 degrees and nothing but sunshine!
Does anyone know where our $300,000,000 is kept - is it safe? Is this why our share price is tanking? I'm absolutely dumbfounded by gold not being the safe haven? One assumes people are trying to sell gold to pay for other things?
crudely; AISC 920. 520000 ounces * (1550-920) divide by 2 for profit share.
Fake poster? How can the FTSE100 rise by 0.24% when it’s not even open yet?
Am I right in thinking it’s this Thursday? All rather exciting! Especially with the gold price up. My fag packet figures showing 8 cents final dividend with the next interim being the same if not higher. Anyone else tracking costs/oil/production and coming up with figures?
This has to be the crappest offer ever. Proper dilution. They benefit from our dividend cash cow, our cash pile and our lack of debt? We get 0.08 shares for each of ours? Are they for real? Are we really ever going to accept $1.5 billion for $300 million cash, and $10 billion of gold?!?
So Muntajet already owned by the Qataris. How about they pre purchased xxx tonnes upfront at COST which then funds the production of 50% of the mine de-risking the investment? Watch this space.
You have to remember that in America, fracking is BIG right now. To the point where it is producing more than other keys areas of the world; this is helping to keep the price low. With a shift against organically fuelled vehicles and towards electric that leaves us in a strange position as our extraction costs are potentially high. That said, it's gas condensate; which could be environmentally better to burn in powerstations than oil?
It looks like Blackrock once again have insider information. Happens all too often. Either than or they have an awesome crystal ball (with gold flakes in!)
I’m going to suggest a new term to the investors chronicle; ‘deepmine shafted’; when investors are encouraged to put a fortune into a stock only to see the corporate banks whip it away in one foul swoop.
Guys; at our level, investing is a long term thing. Occasionally we get lucky and make a quick buck but here is how it is with Sirius; the north is mighty proud of this project. It is now fully funded. It has offtake agreements that will make it profitable. The people building this thing are passionate, grafting, hardworking folk that have something amazing to show for their efforts; so they will persist. We're already 100m into the tunnel from Teesside AND the shaft is going down; sit tight, enjoy the ride.