We would love to hear your thoughts about our site and services, please take our survey here.
A leading broker today commented the excellent appointment of the new CEO. Alexanderov is a well respected and proven executive. After a turbulent period with the interim CEO, which was in hindsight, a shocking appointment, I am very bullish now for the future.
We need a new strategy to builds on the success of POX and the exvellent 9,000 strong workforce.
With gold price up today this has lifted may gold stocks however POG is top of the list.
We need a positive £100 Million + EBITDA for EoY and further reductions in debt levels perhaps sub 500M.
2021 may see POG paying a maiden dividend although I would suggest focus on debt repayment and if there is any surplus cash for share buy backs.
With the imminent presentation of the Sukari Life of Asset Review and the announcement of a successful bid for one / multiple blocks in Egypt, the current share price represents a great buying opportunity.
I have been a shareholder for 5 years and just added more shares to my holding.
Equity markets have had another with Dow and S&P down by 2.5%. Gold up almost 1% today. Risk off moves off the back of poor results from Apple, China trade concerns and the Democrats taking charge of the lower house. Most gold stocks are up to by 5 to 6 %.
CEY need to ensure that they pull no negative surprises. If all goes the share price will be 1.50 by end of Jan.
A positive end to the trading day with Gold achieving a high of $1280. The highest for 6 months.
As for Centamin, I believe the management team will learn the lessons of a disastrous Q2 and Q3 2018. We will see an improved performance next year. With gold price expecting to go much higher in 2019, CEY must deliver on its forecast.
Wow what a team that KRM22 has assembled and a great product strategy. Experts from hedge fund industry, equities, fixed income and commodities. This will be potentially one of the strongest players in the global risk markets. Exciting future ahead. Buying at this early stage will prove very profitable.
Gold continues to find strength off the back of weakened dollar. The spot price is up 14% compared to 12 months ago. Dollar weakness has been driven US Chief Treasury Officer staying in Davos that a weakened dollar would be good for US trade. Expect CEY share price to find continued strength as we lead into results next week. I am optimistic that if CEY gold production hits / exceeds targets for this year and we see continued strength in gold price we will see a significant uplift in the share price. Expect to see £2 when H1 2018 results are published. As Goldman Sachs has been stating this is a conviction buy.
https://www.thelincolnianonline.com/2018/01/15/centamin-cey-pt-raised-to-gbx-200.html Numis increases the target price for CEY today from 1.70 to 2.00 today. Goldman target price is 2.05. The inevitable will happen and the share price will respond to broker re-ratings.
Gold bullion price ends the week on a 4 month high. Bullish price driven continued weakness on the dollar and concerns over inflation. In addition European Central Bank is likely to announce significant scaling back of QE and this combined with China's move to move away from investing in US Treasury bills will support current levels. There is also the foulmouth, racist, sexist Trump adding to the fuel on fire. It will be gold' s year this year.
http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1515664309234124500.html As a conviction buy with a price target of £1.95. Issued 11.1.18. Gold price has shot up to $1,335. Exciting times ahead.
Gold passes $1,327 for first time in 4 months as US dollar edges lower https://www.ft.com/content/8dfc2f9c-e3e7-30a9-ae48-d572520208f2 via @FT Ausie Gold mining stocks up 1.3% this morning. Expect London to follow.
Hi Siko, Thank you for your tremendous contribution on this bulletin board. Your extensive research, contacts and local market knowledge has been invaluable. It would be great to hear from you again only to dip in and letting us know that you are there. I wish you well in your new endeavours and wish you, your family and Egypt a prosperous future. All the best.
The market has finally woken up the share price is up almost 6% driven by excellent quarterly results and a 7% increase in production forecast for 2018. With gold price Q4 2017 finishing the year strongly ahead (15% up) my PBIT forecast for 2017 is close to 2016 FY. We all know on this bulletin board the production forecast for 2018 is conservative and based on H2 2017 performance we could see 620,000 oz for the full year. Expect another bumper dividend announcement on 31st Jan with analysts re-rating to follow. This is a conviction buy.
I am in the same boat. Both companies have some similarities including country risk (run by dicatators), currency devaluations and regional instability. CEY though stands out with strong management and fundamentally delivering consistently. I wish I could say the same for POG.
It's wholly unprofessional for the Chairman to provide any outturn and forecast statements 2 days before a formal RNS announcement is made to the LSE. Not only does the Chairman lose credibility however he could be accused of encouraging front running. I am expecting next Tuesday a formal announcement on the reserve report and therefore this in itself should be driving a significant increase in the forecast upwards. If his statement holds true a forecast of 560,000 oz would be a disappointment particularly in light of the significant increase in production output in H2 2017. I am expecting a minimum production forecast of 600,000 oz for 2018 (without a reserve report) and possibly as high as 700,000 oz with a new reserve report. CEY management has consistently been cautious on its outlook and I agree with the sentiment on this bulletin board that it is about time to be on the front foot and be aggressive. I also think with the growing balance sheet cash pile estimated to be $400M that they should seek out a value enhancing acquisition. Petropovalsk comes to mind with a equity valuation of $250M and a debt pile of $570M with annual production of 400,000 oz would propel CEY in the premier league of gold miners such as Rangold. Petropovalsk has been through a major restructuring and change in management and with a new POX plant due to be commissioned later this year ($250M investment) to increase production from its plant and to provide services to others, the company is ripe for a takeover. Off course there is country risk being Russian however this company was the darling of gold miners a decade ago however due to financial mismanagement it's shareholders have taken a tremendous hit. The share price is trading around 0.078p. It's a lon way off from its highs a decade ago - £9. An acquisition would take CEY in the 1000,000oz gold production category and allows it to leverage its cash pile and put it to good use. That would be transformational.
https://www.thenational.ae/business/money/could-gold-do-a-bitcoin-and-hit-10-000-an-ounce-in-2018-1.683208 A very interesting read. Could Gold be the new Bitcoin.....
Thanks for sharing your insights and forecast and I also concur. Gold has now hit $1295 and it would send a great signal if we hit $1300 tomorrow. All we now need is confirmation from Siko of another gold delivery to round a positive month off
A great milestone achieved today with the stock up 2.5%. It would be great to see it hit £1.60 for year end and sets the share price up well for the new year. I also expect the shares to be on the conviction buy list as a share tip for 2018 by various tipsters (professionals and non professionals). Roll on 2018 with positive anticipation.