Member Info for mrtibbles

Hi Spindler.
Absolutely right,very good point, even more so over bank holidays, ideal opportunity to release anything that will have a major influence on market movement!

Oh it's not down for no reason, it not down for any good reason at all , but usually on a Friday , lot's of CFD holders close their positions to avoid getting knocked through their stops by the MM on a Monday morning open.
Most probably we shall hear later that
Cey was overbought!
Cey was oversold!
The market paused for breath!
It was healthy correction!
There is a gold surplus!
Investors want or don't the dollar or they moved into bonds!

It all load of old baloney really, its simply churning the shares/indices to keep the market fluid and provide some liquidity because traders are feeling bullish about something or other that Is so overinflated that its in danger of exploding and causing a market crash, but who cares the shysters that caused it will have opened their short positions and still be making money all the way down until it reverses and it starts all over again!

There you go that's the stock market explained!

Sorry last post sent before spell check, site has a mind of its own at times

I should add that the new manegment CEO have resumed contact with Kees Dekker and he remarked on the change in attitude for the better at Centamin!
It would be quite an endorsement of Martin Horgan and team if Kees did another report on Sukari in the future, what a way to gain market and investor confidence!

I do wish thee was an edit facility on this site!
I am sorry I posted in error before I had proof read the piece about my discussion with Andrew Pardey.I
Andrew Pardey denied all knowledge of the 2016 Kees Dekker report whenI asked after the 2018 guidance cut to to hitting unexpected low grades and the faoilure of the only LHDR
I sent both 2016 -2018 articles to Andrew Pardey and he never replied to me!
Basically he was out of his depth over promoted and not entirely honest with investors about the true state of Sukari
https://seekingalpha.com/article/4212146-interview-kees-dekker-freelance-mining-analyst
Anyone who is interested should read the Kees Dekker 2015-2018 reports ,
https://seekingalpha.com/article/3695246-centamin-get-out-while-going-is-good
https://seekingalpha.com/article/4229201-kees-dekker-reviews-centamin-plc-analysis

See also for comparison repost of UBS Highlights
Centamin Plc
No surprises in Q1 – now waiting on exploration
No surprises with 1Q21 results: in line and new mine plan unchanged
1Q20 gold production of 104koz was in-line with UBSe, up 53% q/q due to increased
production from the open pit (waste to ore conversion) and mining of higher grade
stopes underground. TCC of $733/oz & AISC of $1,091/oz are 25%/18% below 1H21
consensus & tracking below FY21 guidance. 2021 Capex guidance is unchanged at
US$225m (US$37m spent in Q1). We expect an update on the West African portfolio
review in the interim results and believe this is the next kay catalyst for the stock.
Takeaways (1) FY21 guidance unchanged (2) Contractor stripping (3) UG staff
(1) 2021 TCC guidance of $800-900/oz produced & AISC of $1150-1250/oz sold
remains unchanged. Our 2021 cost estimates (TCC $860/oz & AISC $1207/oz) are at
the upper end of CEY's guidance. Production is also unchanged at 400-430koz before
ramping up to 450-500koz in FY24. (2) Third party contractor Capital began the waste
stripping programme early, and is performing well as seen by record quarterly material
moved. (3) CEY is still experiencing some difficulties with expats staffing due to Covid
travel restrictions; however, despite this, underground operations saw a 60% q/q
increase in grade due to mining of higher grade stopes in Q1.
Exploration portfolio now in the spotlight as Centamin weighs its options
The vulnerability of a single asset portfolio remains an issue for CEY, and we believe
this is driving a desire to develop another asset. West Africa: A review of its
exploration portfolio is drawing to a close with the outcome expected by the interim
results. CEY has previously stated interest in open-pit mines with >2g/t and an 8-10yr
minelife, and in our opinion Doropo could be a candidate given its larger resource base.
Egypt: Alongside near mine exploration on the Sukari tenement, CEY is in the midst of
finalising concession agreements following its successful bid round in FY20 with the
Egyptian government. We expect a decision on the West African assets and a positive
concession agreement would act as positive catalysts for the stock.
Valuation: £1.20/sh price target based on 50:50 P/NPV & EBITDA
Our £1.20/sh price target is derived from a 50:50 blend of P/NPV multiple at 1.4x (6%
WACC & $1,300/oz LT gold price) and 5.0x target EV/EBITDA multiple in-line with
CEY's 5yr historical average
Equities
United Kingdom
Mining
12-month rating Buy
12m price target 120p
Price (21 Apr 2021) 115p
RIC: CEY.L BBG: CEY LN
Trading data and key metrics
52-wk range 232p-101
Market cap. £1.32bn/US$1.84bn
Shares o/s 1,152m (ORD)
Free float 98%
Avg. daily volume ('000) 7,752
Avg. daily value (m) £8.4
Common s/h equity (12/21E) US$1.32bn
P/BV (12/21E) 1.5x
Net debt / EBITDA (12/21E) NM
EPS (UBS, diluted) (US$)
From To % ch Cons.
12/21E 0.09 0.09 NM 0.12
12/22E 0.08 0.08 NM 0.13
12/

My post 26th April
This has just come out from Peel Hunt. A small increase in the target price, but decent analysis on what the Company is doing at the moment.
Only highlights-
CEY’s strong Q1 production report was a good sign that management is looking to run Sukari on a more consistent basis throughout the year. Visibility on the mine plan and strong operatin practices were evident. We increase our target 3% to 150p on account of the stronger than forecast cash balance. Buy
A solid Q1 but leaving 2021 production unchanged Centamin reported stronger than expected Q1 production of 104k oz, vs consensus at 93k oz and PHe on the low end with 77k oz. Revenue, costs, capex and FCF also beat for the quarter. Despite the broad strength in numbers to start
the year, CEY maintained guidance. We have similarly left our production and P&L forecasts unchanged, leaving potential to beat year-end guidance in H2.
Cash balance stronger than expected, reinforcing USc9 dividend forecast
Total liquidity was reported at a strong US$331m vs our US$284m forecast. The
Q1 cash beat was due partly to lower capex, which we have added back to the rest of 2021. We now forecast a 2021 net cash balance some 15% higher than previously, which should give investors confidence about Centamin’s ability to pay at least our USc9 dividend forecast for the year
arget price bumped to 150p, maintain Buy rating
On the back of the stronger cash balance at Q1 and also for the full year 2021, we have bumped our target price by 3% to 150p (from 145p). With 28% potential upside to our revised target price we maintain our Buy. We expect Q2 production of 95k oz (guidance of 95-100k oz), before increasing again in Q3 to +100k oz

Hi Marmot, good to hear your opinion again,
Basel 3 should certainly help the POG and Centamin!

103 is that a bus, if so you may have missed it!

We were overbought and now we are oversold and the outcome today is still the same, so at least is situation is consistent which is more than can be said for some stocks!

I note asktraders didn't mention the it may be a breakout through the floor!
Wonder how many poor souls who opened CFD'S will wish they hadn't?

Hi Playingtheodds,
Thank you indeed for the explanation, I must admit I was somewhat puzzled as to the difference in the two activities!
I'm still puzzled though?

Thank you no fear,
Interesting, although I would stay away from CFD trading, if you want to keep your shirt that is!

Hi Cowichan,
Thank you for your excellent find and explanation of the significant indicators of progress through the stages in Burkina Faso!
As Mr Bond says, all very positive!

Today, Kineseis have reached $200 million traded in a single day on the Kinesis Exchange. This historic milestone in the growth of the Kinesis system comes just two months after it recorded the first $50 million daily-trade volume.!

Quite so Playingtheodds, this is one of the strengths of this forum, rather like the table in the corner of the local where friends can have a debate, even disagree strongly or have very different opinions, but then someone asks what everyone is having, then they toast each other's health and agree to meet up again the following week!

Cheers!

Really Excellent Tiger!

hI playingthefodds,
It certainly was'nt my intention to offend or be rude to you in any way, my sarcasm and venom are intended for those that forever churn our all this crap as justification for market manipulation.

Well that depends Tornadotony on whether the "Shysters" dump a few billion dollars worth in paper contracts !

Let me guess playingtheodds.
"This is just a healthy correction!"
"The market is pausing for breath, before the next leg up!"
"Nothing goes up in a straight line!"
All a load of utter horse pi(ss regurgitated on a regular basis at various times by those that try to give the impression that the markets aren't manipulated by a bunch of "Spivsters" and "Crooks !"

Professor Unwin might possibly be able to explain some of the market codswallop! !https://www.youtube.com/watch?v=ZVpJzGeM2p4