Member Info for paulmetcalfe

Thank you for that. I know a lot of mining is guess work and a bit of luck so it's difficult to predict. I noticed that about the extra trucks (5 I think?) as well -----so hoping they will be moving a fair bit of gold in them! A couple of monster nuggets would be nice.

Obviously we only have an idea of what we are being told, but as you have pointed out, several of those things should make things easier and lower costs.

Surely it is a positive that these steps are being taken-----along with extending the solar and connecting to the grid. Lowering costs should increase profit margins.

I also have it in my head that they were working on a POG of $1850 this year, and I think we have been above that for a lot of the time.

I suppose we just wait for some good news and that the Q4 figures are good.

I'd like golden toe caps for my boots, not golden coffin nails!

I put it on another thread. From last weeks RNS

"Doropo Gold Project definitive feasibility study (mid-2024)" so I assume a decision will be made one way or another?

Well just a quick look and the market doesn't like it. I said last week i was expecting a bit of a spanking, even though it was announced last week that the oz's mined was lower. I am not brave enough to get out / or have enough shares to get out and back in before an update-------even though I cannot remember a recent update causing the price to go up.

Lets hope the price makes a bit of a comeback later today.

One thing I did notice in the update was this.

Doropo Gold Project definitive feasibility study (mid-2024) -------------I'm assuming that will mean the decision will be made one way of another to progress or not? Any thoughts on that.

I'd be interested to hear from Dasut and Sotolo on their thoughts for the next 6 months and maybe until the end of 2024.

Any good news anyone? :-)

Try to look on the bright side Mr T-------at least they identified a problem with one of the machines and fixed it this time. The last lot would have run it into the ground and not have the spares in place for when it finally broke. We all know unexpected things can happen and it looks like they dealt with it pretty well this time round.

Even though they have said Q3 figures will be down but full year guidance remains the same, I think we will take a bit of a hit when it comes out with the Q3 update next week.

Some people on here seem overly critical of Martin Horgan and his "steady as she goes" style. BUT, look at these things Mr T and try to be positive. (1) Assuming we do meet the lower end of the predicted ounces mined for the year, then at least we have met a target . (2) He seemed on the ball with getting that machinery repaired . (3) He hedged some of the gold at $1900. That could be a good call or a bad call, depending on the price of gold at the time, but I think securing that price was a decent move. I think he is trying to "build an innings" and if he keeps nurdling ones and twos to keep the scoreboard ticking over, then that is good. That said, I'd love to see the cover drive or the lofted drive for 6.

what does the back of the *** packet say regarding profits and dividends at say $1800 and $1900 price of gold for the next year?

i think back in april of this year some people were talking of gold at $2200!

That would be nice Razors-------but I don't think the update will be much more than "Steady as she goes +" as that seems to be the way Martin Horgan plays it. It would be nice if it was better than that, and if we are above the target for ounces mined that will give a bit more confidence.

I think an update on the waste clearance coming to an end and the expected fall in costs would be welcome.

We are due a bit of good luck with this.

It was a punt and at the moment it looks like a good one. Maybe Martin Horgan thought it was worth the punt to keep things steady? We could do with a good Q3 update and an update on the waste clearance. Without that millstone round our necks, things should start to look a lot better.

The thing is Mr T -----You, me . "the man on the train", Siko etc believed what we had been told and were holding at 220 and looking towards 300 plus. We are now almost a third of that price. Without checking, I think my average is around 105ish now, with today's dividend. You always get people who come on and claim they have made money trading and "This share is so predictable". Years ago, " Making Hay" seemed to call this share very well and put up his dealings in real time, but then he got out around the 55p mark and so missed the rise to 220 plus. Having said that, he also missed the fall! BUT we are 60% higher than when he got out and that is without all those dividends.

As has been said many times, either the share goes, up, down or remains the same. Some people claim to be right more often than they are wrong (lets give them 70 to 30%) but I find it hard to believe that people got out near the top and have been successfully trading it on the way down. I know a couple who put up that they were getting out near the top and I think one made a few quid on THS which has now halved from it's peak and it about 30% or so below when they recommended it.

With anything, people will make predictions and the chances are half will be right and half will be wrong. I think some people were saying that inflation would peak and rapidly drop by September last year. Also a year or so ago people were predicting gold at $3000 dollars an ounce and others, a bit later on at $1500.

Have a good weekend and lets hope that we get to some brokers target of 320 sooner rather than later.

Put your hands in your pockets and buy some shares! It's a bit different actually using your own money to buy instead of being awarded "free" ones every year.

Well -----With the end in sight for the waste clearance, lower AISC, Basel 3, Kinesis and Andrew Maguire forever forecasting, surely we should be due a good rise in the not too distant future?

More and regular director buys and a good update might help a bit as well.

I think I could live with the share price over £3 and a dividend of 18.5p ------------------Lets hurry up and get there!

Were a crock of s--t

We now know what happened regarding the waste clearance and "high grading" in the past.

It seems that every time Centamin got tipped by a newspaper that it would briefly jump and then something would happen.

When the share price went up to over 220p it was because people were being told that production figures were still going up. Didn't the ex police chief who had a job there mention 680,000 ozs?

As I have often said, Sotolo was expecting the SP to go up to £3 from the 220p --------WHY? It was probably because Sotolo was believing the hype?

Maybe if Sotolo is reading they will comment on this?

You have to ask whether people would have being buying shares at the time if the wall was known about and that the claims of increased production figures we a crock of S--t?

I hope you are wrong on that Mr T and that we get a decent Q3 and things start to pick up. Obviously there are other factors to consider Price of gold/Price of fuel etc

I think a big part of the problem is with what has gone on in the past, Martin Horgan cannot afford to have anything bad happen or he and Centamin will lose market confidence.

Yes----hoping for a good one, but the way Horgan plays it, I cannot see it being brilliant. IF everything is going ok, I'd expect the figures to put them in front enough to be able to get an "easy" 4th quarter, but for him to hold something back.

If the waste clearance goes to plan or better then that should finally lift the share price next year (assuming gold is around the current price).

With everything starting to open up a bit, should a few more of those large, light bodied trucks be on order?

And hopefully a nice fat "Sorry you all got shafted by the last lots dodgy operating" dividend, that does not come at the cost of cutting corners, artificial figures and 3 years of suffering to pay for it.

AND I think a nice " We have been through some difficult times at Sukari, but now, due to brave decisions and good practices, we are in a position to move forward and increase the amounts of gold we mine and the profits we make. I'd like to thank all long term holders for their patience and faith" from Martin Horgan would be a nice touch.

So what do you think will turn this share around?

Will good figures next time round do it? The clearance coming to an end? ---------lower AISC or something else?

I'm hoping Mr T that things start to improve quite quickly from now on. Also I hope that in a couple of years we are looking back and thinking that Martin Horgan did the right thing in clearing things away to allow better access in future.

Like yourself, for quite a while I've had a feeling that he almost had to start from scratch. It looks now like the waste clearance is partly being done to open things up and give flexibility and options for the future.

I really would like to see some share buys by the board and for things to really start improving now. It's been a long time coming. Remember when we were over £2 and Sotolo was predicting £3? I'd be quite interested on what those figures were based on. I mean the market must have believed the shares were worth £2-20?

Well some people have been expecting inflation to drop for a long time and it doesn't seem to be doing so yet.

If people on here are losing faith in Martin Hogan then it is not surprising that the market is as well---although this board cannot influence the market.

Regarding the "low hanging fruit" , I think the previous lot went after that in terms of what gold they could get out quickly before "Doing one" as they had painted themselves into a corner regarding actually mining gold.

I'm happy with cost savings as AISC are important and should help increase profits.

I agree that the boards pay should be linked to share price or even profit. As you know , I'd like to see regular buys by the board to give confidence.

Maybe Dasut or someone will come on and reassure us as a lot of people on this board seem to be pretty down about this share now?

I am really hoping that the spade work will start to show some good results soon and we will get a good boost in share price and in dividends.

So looking forward a year, how do you think /HOPE we will be doing then?

After the wall episode 3 years ago the price more than halved in about 3 months. Since then it has more or less hovered between 80p and 120p.

Martin Horgan has been in charge for a couple of years and instigated the waste clearance along with a few other things to cut costs. So with the waste clearance scheduled to end in summer next year and hopefully the AISC should drop a lot, how do you see the share price and the dividend?