Member Info for mrtibbles

You make some every good and very relevant points!

It might give you a bit more exposure to gold if it could actually produce a bit more in 2019!

Our share got a bit ahead of the others so has taken a pause while they play catch up?
"Catch up" with what exactly, the Cey share price has been halved over the past twelve months and the divi reduced to 3%!
SP got ahead of it's self?
Where is the 40% gain, the share price was all but halved by the events of 2018, it was in the £1.70 range prior to the first of te 2018 guidance cuts and after the first RNS guidance cut dropped almost immediately o £1.30 then went on over the following weeks into the 70p levels!
The cey share price was hammered down far more in comparison to it's peers not only because of the lost production at Sukari in 2018, but mainly because the of the managements failure to convince the market and share holders that they are capable of restoring production to what they stated it would be in their guidance report of Q1 2018 and in the Egyptian media at that time.
With the present price of gold what is going on in the world the share price is far from where it ought to be.
'Pausing for breath whilst the other catch up?'
Well if that's the case then lets hope that Mr Pardey and his team are able to present some convincing evidence to the market in the next couple of weeks of how they have turned things around ,especially considering their recent bonus share awards!

Centamin will remain stuck in the doldrums until the manegment demonstrate that they can actually put some proof in the pudding .i.e. start churning out the gold ore !
The management were less than open with investors and the market in 2018, if what Kees Dekker claims is correct and they have been glossing over the ore grades by "High grading " since 2015!
Hole drilling and presentations of recourse reserves are all well and good for while and then they become just more of the same and boring!
After 2018 how reliable are any of these estimated resource reserves either at Sukari or in any of their other potential mine locations?
After all the manegment claim that the ongoing low ore grades at Sukari were unexpected until they hit them, so they may well have the same problems in any of their other mines, assuming they actually start producing that is.
Its gold ore production thats needed now, not more promises of what may come if we are patient!
I wonder if there will be any news on the court case. most probably not after all the legal wheels turn slow in Egypt,or in Centamins case not at all!

I am sure that the vast majority of all share holders hope so too Hedgehog!
However whilst I really do hope to be proved wrong after the 2018 expos'e of what appears to have been glossed over (ongoing low ore grades) and the lacking of fit for purpose production risk mitigation procedures I find it difficult to remain optimistic that we will be surprised with some good news!

Quite so Rebess,
Big things happening with the set of the new Indonesian vault to underpin Kinesis after its launch with the Indonesian central post office.
I have been told by someone in the business that the Chinese still buying large amounts of gold under the radar to support their long term plan.
Several other countries have now expressed interests in getting involved with Kinesis as they see it as a way around US control.

Quite so Gnome, yet despite all these managements failures to deliver they claim to be so professional and keep taking their bonuses whilst their share holders take the pain!

Quite so market!
The main reason share price is where it is now not because of charts or the price of gold, or even to ongoing grade problems, but because the management haven't been honest with the market or with the share holders.
Who can really believe what Andrew Pardey and Youssef El Raghy say any more after they way that they promised 560,000 oz in Q!1 2018 and then only three weeks later issued two guidance output down grades in quick succession.
Andrew Pardey claimed the low ore grades were unexpected, very strange considering that he is such an experienced mining professional who has unrestricted access to all the ongoing daily geological investigations of Sukari.
Especially so when Kees Dekker warned of these grade problems in 2015, Andrew Pardey claimed he was unaware of the Kees Dekker report of 2015, also strange as the company were disputing the conclusions made by Kees in 2015 ?
In May 2018 Alanndra Carse of investor relations stated that production crews were ahead of schedule in getting through the temporary transitional grades, so what happened, no real evidence that production back on course to deliver the promised 560.000 oz?
Most other long term investors really would like to be able to believe in the management, but as yet they haven't been offered any convincing evidence that the management really do appreciate investors concerns, or that lessons really have be learned, or that production is once again back on track.
I appreciate that gold mining is fraught with problems, but that is no reason to be less than honest with the companies investors.
Who seems to have been proven to be right thus far concerning the Sukari situation Kees Dekker or Andrew Pardey?
Many investors and the market are sick of hearing the same old excuses especially when considering the divi has been cut and yet the management have been awarded free share bonuses it seems for their failures rather than for delivering what they promised!
No wonder that Siko decided to leave, he no doubt feels bad because he accepted in good faith what he was was told by others that the good times were coming and that there was nothing wrong with Sukari.
Yet since then the LHDR self destructed, the unexpected transitional low ore grades have been proven to be ongoing, Josef sold 10 million shares and took a back seat , a new CEO came and went without saying a word whilst the divi and company value have been halved!
So what are investors to expect in the Q2 report , yet more hole drilling reports and promises of good times in the future if they are patient, or will the management redeem themselves and actually deliver?

I agree entirely,it was an American sub contractor who didn't do their job properly that caused the leek although I agree BP should have supervised them better, but never the less BP and its share holders got spanked.
The US court made it impossible for BP to refuse to pay any claims from US businesses,even from the fishermen who hadn't been to sea for years because of unseaworthy boats!
Look at VW absolutely spanked for using default software and yet GM have been doing it for years!
Now Trump is putting more tariffs on European products because Europe won't buy Boeing planes that have faults which cause them to crash and kill people1

HI Dasut,
Yes, you are correct Mr Pardey was dead against the idea and then did a complete U turn during the very last presentation
Page 35-36 Deliver 2020 – 2021 guidance in Q2 2019

I agree it is impossible to accurately predict things such as the POG over three years.
However it should be possible to give some idea on when they are actually going to start bringing some ore out of other areas they have been drilling in West Africa.
After the events at Sukari in 2018 I have lost much of the faith I once had in Centamins management and I wonder if all this drilling and exploration is just a diversionary tactic.
Of course it may provide work for Capital drilling, but then that may be in Centmins interest!
Giving share holders lots of colored detailed reports on finds is all well and good, but its time that they started to get the gold ore out and shipped to market!
Investors want production not promises!

From Buchanon,

Centamin will probably do this in conjuncture with Q2 production results.
This will probably be next week or the week after.

Now late, what is the reason ?

Bigoted hypocrite Trump goes out of his way to meet with the leader of one of the worlds most repressive regimes which has actually launched missiles capable of carrying nuclear weapons to mainland America, yet he put sanctions on Iran and threatens other counties that fail to do the same despite Iran's regime becoming more liberal, Iran has also has stated that it has no intention of developing nuclear weapons.
This is all about Trumpos re election campaign and helping to support the dollar and shale gas exports!

You may also want to click on our latest analysis of its financial health, it gives access to some analysis that is of the opinion that the Centamin management won't spend investors cash wisely in the future!
(You are required too register with Simply Wall Street for access to this analysis tool, but this service is free on their basic membership plan)
Obviously this is only the view of the Simply Wall Street analysts but it is useful to bear in mind after the serious failing by the Centamin management in 2018 which halved Centamin's market cap.
Especially also considering that despite the management claiming that lessons had been learnt and that they understood the frustrations of their share holder they then awarded themselves bonus shares and cut the share holders divi to a paltry 3%!
As far as the profit share goes it is incredibly generous, in fact by world mining standards over generous to the Egyptian government when considering that they withdrew the subsidy from the diesel (all part of the original agreement) and are quite prepared to sit on their butts whilst the court case is stuck in limbo for years!
Would I advise anyone to invest in Centamin, certainly not the company appears to be run more like Tupperware pyramyd sales scheme these days!

I agree Pushme that gold & Cey may well fall on Monday because of Trumps decision not to levy further additional tariffs on China, although as you say the existing tariff problem remains unchanged!
It is very noticeable that as usual these announcements by those with such great influence over the dictions of the worlds stock markets (Trump) are almost always made over weekends when the markets are closed to ordinary investors!
No doubt those those members of the insider market Cartel will make the most of this to reorganise their positions and drive ordinary investors through their stops on Monday morning!

. ROE tells us about the quality of the business, but it does not give us much of an idea if the share price is cheap. I will like Centamin better if I see some big insider buys!

So it seems that if Josef bought some of the 10 million shares back that he sold it would send out a really good message to the market.
Or even if-the directors actually bought some rather than just being awarded them for free!

Trust Goldman like you would a rattle snake in a lucky dip, true they give the impression they want to push the price of gold up, but they are also encouraging the herd to dive in, either to push the price up further, or it may be just to pull the rug out from under there feet when it suits Goldman!
https://www.forbes.com/sites/jakezamansky/2013/08/08/the-great-vampire-squid-keeps-on-sucking/
https://www.cnbc.com/2019/01/23/recession-fears-are-spreading-but-goldman-sachs-says-dont-worry.html
https://www.theguardian.com/business/2016/apr/11/goldman-sachs-2008-financial-crisis-mortagage-backed-securities

https://finance.yahoo.com/news/centamin-plcs-lon-cey-roe-115943597.html?soc_src=hl-viewer&soc_trk=ma
Centamin has a ROE of 12%, based on the last twelve months. One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.12 in profit.

Sorry Mr Webmaster & members, for some reason my post came up twice