Member Info for paulmetcalfe

It's nice to get another dividend even though it is a smaller one, but it's a long wait until the next one now :-( .

Hopefully with the waste contract coming to an end and a few other things, costs should start to come down and profits go up and we will get a decent dividend from now on.

With the recent fall and rise in this, I was expecting a few "bought this at 80 and sold at 90"---------"Great trading share this" and "So predictable" comments.

They are almost lacking on this board recently.

Re invest the dividend for me-----reduced my average down to about 106 and look forward to a FINGERS CROSSED, much brighter future.

I have posted my views before. I've been here about 11 or 12 years, first buying in a few at around 35p and buying other as high as 220 or 230, when Sotolo was saying that they were on their way to £3. I've also bought on the way down at 160, 130 and as low as low 80's. My average is around 107 now.

The previous high share price, when the £3 was forecast, was based on the amount of gold coming out of the ground and some of the dividends payed. I'm sure the high dividends brought people in and boosted the share price. The previous management benefited by the dividends and then the high price when they sold out because they knew what was coming. Pardon the pun, but was it a pyramid scheme?

From Boosted share price to Busted share price in a couple of years. :-(

I don't know much about mining gold at all but it seems some do on here. The same with shares. Some people are lucky and some are unlucky. Having read this board for years, I've seen people who seem to be "Oracles" with their predictions until it all goes wrong. I would say that generally the strike rate was less than the chimp with the dartboard .

So while it is interesting at times to read the board, I would say that it doesn't matter whether you bang on about data points, charts, waves, stages of the moon or tea leaves in a cup, sometimes you will be right and sometimes you will be wrong---------And it is unlikely to have any effect on the share price.

Some people have access to the actual internal goings on and the MM do their bits of manipulation. I guess most of us just hope that Horgan is doing the right thing and that the gold is there at Sukari and can be got out at a price that will boost the share price in a genuine way and also give decent dividends.

So I'm crossing my fingers for Sotolo's £3 a share and hopefully Mr T's £5 .

I'm hoping in the shortish term this share price rises a decent amount so all the name calling, boasting, bullying and handbags at dawn that has crept in on this board recently, stops.

"Peace and long life".

Thanks for that. I'd still appreciate Cowichans thoughts on it and maybe a correction of his original posting?

What do you reckon Cowichan ? Is Spoonington reading it right?

Yes Daz--they seem to be. I guess there is a confidence "hangover" from the last lot. I really would like to see regular buys by the management to give a bit more confidence in the share.

Some people on here are coming across as real D-cks recently.

Please all just "Calm down. Calm down eh eh eh"

Don't say that Mr T. After all this time, Siko's posts, your posts , the view of "the man on the train", Andrew Maguire and basel 3 + the Russians and the Chinese buying gold, surely we are about to turn the corner?

I'm hoping that the deeper we get into the waste clearing contract, things will start to look a bit more rosy.

Come on Mr T!

https://www.youtube.com/watch?v=X_-q9xeOgG4

I didn't think we would be dipping into the 80's again after we went over £1 a few months back.

I am really hoping for a bit of a turn around here. Some good news, rise in the price of gold, a monster nugget? ANYTHING!

Yes the "ostrich syndrome" by the previous lot is what got us into the mess although I think maybe it was more "Mushroom syndrome" for us.

We have a rough date for the end of the waste clearance which is next summer. Maybe they can bring it in a couple of months earlier. Do you have any idea of how much that would reduce costs?

I hope that the next dividend after this one, which will be about May 2024 will be a good one because with the dividends being close together, it is a long wait for the May one to come around again!

If Centamin did start churning out cash like "A demented cash machine" I suppose us LTH's would be suspicious after last time. However I cannot see them falling in the the old bad practice ways again.

I would like to see the board put their hands in their pockets and at least one of them a month buy 50,000 + shares. That should show and give a bit of confidence.

Obviously the price of gold will go up to help us. I mean with China buying gold, Basle 3, Kinesis and Andrew Maguire to help it, surely it should start to move upwards?

I'm not defending anyone, but i would expect it would be very difficult by eye to spot an angle a few degrees either side of 45.

I share Mr T's and others frustration at what has gone on and we cannot change the past. It looks like Martin Horgan has decided to clear the waste and open up new areas.

IF things picked up for us/ we get a decent set of figures/ waste clearance coming to an end, then I suppose we would all say that Horgan did the right thing. However I think even with a good dividend, some of us would still have lurking suspicions because of what has gone on in the past. That is human nature.

I'd really like to to see things on track and a decent dividend. As I said the other week. If they have the money in the bank, they could get a better rate of interest than they are paying on the dividend, so it wouldn't be costing them anything.

I'm hoping that the dividend will increase a lot after this one----but that will mean about May next year. That is a long time to wait.

Hi Dasut. So (fingers crossed) as it looks like the waste clearance is supposed to be coming to an end in the middle of next year, do you think that the figures will significantly improve and would you like to hazard a guess? Obviously normal waste clearance will always have to continue, but the backlog should be cleared.

Also , do you think we will get more gold mined per year and would you like to guess on how many more ounces?

I understand we are largely tied to gold price so anything is at best an educated guess.

Thank you.

I'd love it if the plan came together Daz.

I understand where Mr T is coming from and the whole thing about the wall. I also accept that sensors had only detected tiny movement-------but I think the wall did actually need dealing with before it became dangerous and to open up other areas of the mine. It could probably been done at a slower pace over a longer time, but it was probably thought that it was worth the (not exactly) short term pain for the hopeful long term gain to be had from opening up other areas.

TIME WILL TELL -----And I'm hoping the plan comes together and we get more gold out of the ground at lower costs, make more profit and get a decent dividend again, without dodgy practices. If it does come together like that, then the share price should start to fly.

If we get decent profits and a decent dividend or special dividend, I think the market would react.

Well so far the market seems to like the figures. I'm a bit disappointed in the dividend announced as a good dividend makes me happier (I do reinvest them) -------and you can get similar percentage in savings now.

I don't really understand all the figures like some of you do, but the AISC are down compared to last quarter?

I would have liked to have seen the production figure a bit higher, so they were over half of the lower figure of guidance, but I think Q1 was the low one and production is weighted to H2?

An estimate of the end to the waste clearing is something we have been waiting for and that should save us some money and reduce costs. I would have thought that the closer we get to the completion, the more the market will like it.

I also noticed that the average price realised was $1936 which was $86 above what they had been working on, which is partly why I'm disappointed with the dividend.

Hopefully gold will stay above $1930 and even better go higher.

While it is nice to hear about updates in other areas, getting gold out of the ground at Sukari is the main thing and they should be able to go at the full 160km now and not just the 3km.

After the rough ride we have had here over the last few years, lets hop that there are more ladders and less snakes and if there are any, that they are very small ones.

I'm not getting any younger and the gold toecaps for my gardening boots would be very nice.

I'd quite like the share price to rise after they announce that "Everything was on track to meet the upper levels of guidance---------------------and then we hit a bonanza grade and mined some big F---Off nuggets"

Well we could do with some cheer. :-)

Thanks Razor. I know that waste removal will be ongoing or we will have the same problems again. I meant to say the backlog --------i.e. So they will only be clearing what they are mining and not a bl--dy great pile (4 or more years worth?) that they are clearing now.

Obviously if there i no backlog to shift, they wont need as much machinery or manpower to keep on top of things.

I'm still hoping that the gold price being on average $80 above what they factored in, helps profits and a small increase in dividend would be nice. The dividend isn't very good at the moment. If they had the cash in the bank, they could get a better rate of interest than the dividend and pay the divi out of that interest and be in front.

10% and some good news would be good.

A bit of cheer after the bad weather and the cricket.

I don't want a return to all the BS and over promising, but to get things moving a bit I think we need good news in this update or the nest one.

An estimated end date to the waste clearance and news of decent cost saving with the light bodied trucks and the solar-----and much lower AISC would be really good.

Lets be a bit more positive this week. When do you think they will connect to the grid and how much will that save?

You have a good idea or my views on it Mr T. It really does look like they high graded and gave a good dividend to boost the share price and then exited with their gains.

Sotolo's £3 a share prediction was based on what we were being told up until the news of the waste emerging.

I keep hoping that the backlog of waste clearing is coming to an end (and that in future it will be managed properly to stop such a thing happening again)---------and with that , a reduction in costs, plus gold remaining at its current level or going higher will start to reap dividends-FOR US!

At least there have not been promises of 600,000 being mined this year along with the "Good times are coming" .

Please can we have a decent update and a better dividend?

And lets hope it carries on climbing!

One of the things that I try and take as a positive through the recent long slump in the share price is that I think they estimated gold at an average selling price of $1850 and I'd guess we have been $80 or more above that for most of the year? If as Sotolo says, we are roughly geared to 3 times any movement in gold, then that $80 above estimates has got to help profits a bit and mitigate the AISC and the pain of clearing the waste.

An update on the waste clearance and an estimated completion date would help matters a fair bit I would have thought.

I'm hoping for a bit better than a "Steady as she goes" update next week.

Mr T, I thingkby now Centamin know how things work in Egypt and do not want to upset the apple cart. I think all the bids went in "on spec" as none of them wanted to lose out on a potential gold mine :-) . I'm guessing that they were all willing to lay out the initial money to secure a plot but do not want to spend more developing them until such a point that the terms are favourable and are willing to sit on them for years.

I cannot understand why Egypt/ Erma don't help Centamin out more with a view to getting others interested and actually mining gold, especially when you consider what Centamin contributes to the economy.

Lets hope the next update is a good one. At least the POG that they were working on was $1850 so we should be doing better than anticipated. I know other costs might have risen , but the extra per ounce should help. If the ounces mined are better than predicted, then that should also help. I cannot actually see the figures being a lot better than predicted as the "slow and steady" gives a bit of leeway and any extra ounces could be held back for the next quarter.

Thanks Sotolo. I couldn't remember gold being that high then?? I hope we do see £2 again before too long and maybe even your £3.

Yes , lets hope the contract ends and costs fall, along with an increase in the price of gold