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Hi Razors,
Fair comments and good points,

During difficult times brokers notes always seem more important, but they are after all only opinions on the day as we know things can change so quickly,also what are the brokers motives and are the notes aimed at short term traders or long term investors.
So always best to consult a numbers of notes from a range of brokers bearing in mind most of these analysts posses very little or no on the shop floor as it were practical geology or mining experience.
https://www.zacks.com/stock/research/CELTF/company-reports

Hi Tornadotone,
Very interesting account from your personal early life.
Amazing how Trump & Co could be so sceptical and deny climate change etc

Quality and value are two important drivers of stock market returns - yet many investors fail to take them seriously. At a time of deep economic uncertainty, using these two powerful factors to find stocks could help you navigate market volatility.

The Centamin share price has moved by -1.19% over the past three months and it’s currently trading at 91.4p. But what's interesting about this share is its potential exposure to the influential profit drivers of high quality and a relatively cheap valuation.

This matters because at a time when many investors are on the lookout for cheap shares, it's important to know the difference between a genuine bargain and a value trap. The secret is that it's often the quality of the stock that makes all the difference. While no stock is immune from a sudden setback, focusing on quality and value is what some of the world's best investors do.
Good quality stocks are loved by the market because they're more likely to be solid, dependable businesses. Profitability is important, but so is the firm's financial strength. A track record of improving finances is essential.

One of the quality metrics for Centamin is that it passes 5 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality.
Buying at a fair price

While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. With a weaker economy, earnings forecasts are unclear right across the market. But there are some valuation measures that can help, and one of them is the Earnings Yield.

Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share.

A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Centamin is currently 21.8%.

In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound.
Here's where that difference shows up:
https://www.stockopedia.com/articles/why-quality-and-value-might-be-key-drivers-of-the-centamin-share-price-253789/

Hi Patrk
Well I fell for it , wishful thinking I suppose, but we should be back well over a pound in the new year as things become clearer, its not unusual for Centamin to get a kick in the balls at this time of the year!

Rhenium is a chemical element with the symbol Re and atomic number 75. It is a silvery-gray, heavy, third-row transition metal in group 7 of the periodic table. With an estimated average concentration of 1 part per billion, rhenium is one of the rarest elements in the Earth’s crust.
https://www.lenntech.com/periodic/elements/re.htm
https://ion4raw.eu/service/rhenium/

Well done Don!
Quite so Mr Bond, this confirms Martin Horgans decision to carry out an up to date review of the Sukari resource, I heard rumours early on into the exercise that they were quite exited about some of the findings.

Hi Mr Gnome,
The new BOE governor is turning a blind eye to the problems that are waiting down the present road , this is a very interesting webcast ‘The Paradigm of Money’ .
The shocking findings of their feature documentary on Wall Street corruption.
https://www.youtube.com/watch?v=MTpsfEhOdSQ

The fact that AISC figures produced by mining companies is highly selective explains why even “low AISC” companies somehow never make enough net free cash to pay dividends. Not only that but many of these ‘highly profitable’ companies find themselves having to come back to the equity markets over and over again, to refinance.

Hi TornadoTony,
Thank you for your pragmatic analysis and pointing out some important positives on this important issue.

https://www.centamin.com/media/2471/cey-lom-investor-presentation-final.pdf

From the company-

The questions about cleaning the solar panels and maintenance of the solar/hybrid plant in general, as well as the longevity of the battery power storage, are all part of the process of making this investment, with both juwi and Giza being the selected contractors, both of which have significant experience and technical abilities to build this facility.

The running and ongoing maintenance of the solar plant will be a key component of how Centamin maintain and look after all of their engineering assets. Clearly, there will be a reliance on solar experts to ensure that the power plant will deliver the power it is designed to do, and the regular inspection and cleaning of the panels is of course a part of the above responsibilities.

Regarding the hybrid battery aspect, and from how I understand it, the battery power is a back-up to provide sufficient power for when the plant transfers from solar power to fuel generated power and vice versa - the key to operating a production plant the size of Sukari's facility (12-13m tonnes of ore processed per annum) is maintaining constant power, and the transfer from one source of power to another will need back up should there be any volatility from solar power, whether it be a sudden lack of sunshine (which very occasionally happens in the Sahara Desert, which the Eastern Desert is of course part of), or other potential disruptions.
The battery power unit is 7.5MW, and I am not technically proficient enough to know how this is able to power the plant and for how long, but I am certain that the intention for the solar/hybrid plant is to be effective during sunlight hours whilst fuel will be used for the remainder of the 24 hour periods.
Also remember that solar power in Egypt is not a nascent business.
The Benban solar complex north of Sukari is in fact one of the biggest solar plants on the planet, delivering something close to 1,700 MW of power. This has been operating successfully for over 2 years now and is 45x larger than what is being built at Sukari. There is very good technical knowledge in Egypt, and this is only increasing as more projects like Sukari get commissioned. Though this is from personal knowledge, the advances which have been made in efficiency of renewable energy have been dramatic over the past few years in particular, and I have no doubt that the most proven yet most modern applications will be utilised for the Sukari solar plant.

Hope this information helps.

Andrew Maguire sits down with ‘The Paradigm of Money’ director, Peter Antico, and narrator, Sean Stone, for a deep dive into the failings at the heart of the American financial system.
The trio take aim at market manipulation at large, with Andrew’s special guests revealing the shocking findings of their feature documentary on Wall Street corruption.
https://www.youtube.com/watch?v=MTpsfEhOdSQ

www.theparadigmofmoneyfilm.com

Hi Bushy,
That's a fair and pertinent point.

Hi Mr Sheep,
A very fair observation, although I think what stings the most is the way that Josef, Yosseff and Andrew Pardey were glossing over the true facts by high grading with scant regard for the long term consequences in order to give the impression that Sukari was capable of delivering what in fact was unrealistic and unsustainable ongoing guidance.
As Dasut explained the Sukari mine was originally designed and quite capable of producing around 500,000 oz per year, however that was dependent upon good sound and proven mining practice, which unfortunately had been forsaken in favour of corner cutting and sharp practice!
If Sukari had been run in the fashion now being employed by Martin Horgan things would be quite different now!
I suppose the difference is that Martin Horgan is a CEO who has had to do the work to get where he is rather than a fortunate sibling who got everything handed down on a golden platter!
There is no excuse for the way the previous management behaved, although that said the excuse from the BOD that they simply didn't realise that there hadn't been any open pit waste clearance for several years is alarming to say the least and must cast serious doubts over their worth!

Very true Patryk, very good point!

Hi Kintor
Oh we are also hoping, problem is we have been hoping for over a decade and just when it seems that last things have finally come good there is an unexpected occurrence and it all comes crashing down!

Complacency rules in the boardroom at Centamin, even when the share price is on it's ar*e!
We were at these levels even before stage 4 completion and when profit share was a dream!
You never know with our board we might hit 20p before much longer or even go bust!

Well I suppose the West African diversification came about because at that time the T&C of mining concessions in Egypt were unfavorable, obviously that has now changed whilst the threat from Islamic extremism has increased in West Africa.

Hi Dasut,
Thank you for your reply and explanation, I really can't understand why they, Josef, Youssef and Pardey were allowed by the board to carry on making such exaggerated forward guidance estimates , very irresponsible to say the least.
Just after the near pit wall collapse I asked Buchanan about the production cut being in part due to being unable to access other unaffected areas of the open pit and was this a result of the accumulation waste from years of high grading and how could this have come about, I was told the board simply didn't realist that there hadn't been any waste clearance in the open pit for several years ?
I understand exactly where you are coming from when running factory shop floor production line , a garage workshop, civil engineering contacts it is essential to schedule in regular clean ups and waste removal , yet the board sat on their hands in Jersey contemplating the weather and their bonuses blissfully unaware that the Sukari open pit was in danger of becoming so full of waste that it would become unworkable!

The more gold that China and Russia accumulate is all the more reason for the Yank's to keep hammering the price down on the Comex whilst the regulators look the other way and Wall Street don't care a jot as long as the Dow keeps rising and the paper dollar stays strong!