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$2064 now---What just happened?
The share price isn't doing a lot at the moment but with gold having been over $2000 for most of the last couple of months it should help profits and maybe even the dividend! (we hope)
I pop over now and again to have a look at his comments, "pathetic, market manipulation, volume etc" but I've not seen him on whenever I've looked the last few months.
Is he still on or has he had a name change?
Cowichan should have a look at the "Pathfinder"scheme. Home owners in poorer areas were compulsory purchased at a knock down price to enable developers to make a profit. The name may have changed but it still goes on in poorer areas that they want to "gentrify"
So --will they be decent or not? I'm guessing it will be a "Steady as she goes +" . The gold price having been above what they were working on should have helped a bit.
With the waste contract coming to an end,I would hope the figures in the next quarter (June) should be much more encouraging. It has been a long wait since the news about the wall and how things were mismanaged came out and I think we really need to start to see an improvement in the figures, the share price and the dividends.
So what does Andrew Maguire have to say about it Mr T?
We had all the talk about Basel 3 and Kinesis making a difference, but you feel nothing has changed?
While this share price isn't doing much positive at the moment, I feel we are in better shape than we were any time since before the wall and Josef and his mates doing one. We have to hope that it translates into a rising share price and decent dividends.
I'm hoping for something better than that. Didn't they base things on a gold price around about $1930?
Seeing the share price drop a bit this morning (again!) hurts a bit.
I know they have said about not paying as much , percentage wise, in dividends, but we could do with something, especially as the share price seems to be struggling to even get to a quid and hold.
Maybe a little special dividend as a thank you to the LTH and to celebrate the waste removal coming to an end?
We always seem to be waiting on the next quarter or the next RNS --------and I'm hoping the next one will be a bit better than "Steady as she goes" and the share price will start to move upwards.
Gold just spiked to $2051 ----Has there been some news?
A rough check and we are about where we were 2 months ago when the POG was similar. BUT---I feel happier now that we have had the Q4 results.
I don't really understand all the stuff in the RNS------but if I am reading it right, for the year the average price pf the gold sold was $1948 and the average AISC was $1220. So that was $728 profit per ounce?
If that is correct, how does that work out after profit share--------and what would the expected dividends be?
I think the "steady as she goes" approach is showing in the predicted 50/50 H1 and H2 ounces mined for the coming year. A more balanced approach gives a bit more confidence than always having to play "catch up" in H2.
Fingers crossed.
I hope that at least have reached the lower level of guidance. If they haven't then that looks bad.
If they have at least reached it, I think with the recent higher gold price it will have helped profits a bit. I'd settle for a "Steady as she goes +"
I don't thin kHorgan is the type to shout from the rooftops and over promise --------but the last lot did that and it did not end well for a lot of investors. If Horgan keeps it steadily improving, then eventually the market will take it into consideration--------------but then again, they tend to like a bit of trouble to shift the price and takes their trading fees.
It will be interesting to hear what the mining experts on the board make of this.
Also I'm hoping for some more good news with the results next week and hope this isn't something to deflect that they will not be that good.
If they have at least met the lower end of guidance regarding Oz/s mined, then the recent higher gold prices should help a bit as well.
"Amen" to that last bit Mr T.
A bit of good news, cheer and all that would lift our spirits a bit------------Along with the share price and dividend.
Ps----for comparison
https://www.lse.co.uk/ShareChart.html?sharechart=HOC&share=Hochschild
Hoc had similar bad news to what Centamin had and fell in a similar manner. They have recovered a bit from a lower level.
I don't know why, but THS have fallen a lot in the last 18 months as well.
https://www.lse.co.uk/ShareChart.html?sharechart=THS&share=Tharisa
Lets look forward to a better one. I'm hoping that the troubles in the Ukraine and Gaza find quick and peaceful resolutions.
On the Centamin front----lets hope that production figures get met, AISC come down and the gold price remains at this level at least. If that happens then we might get a half decent dividend.
With the recent high gold price that should have pushed the average profit up for the year.
I look forward to your "back of a f-g packet" calculations of profits and dividends---so please do them on a regular basis.
We are waiting for the figures for the last Quarter , where hopefully we should meet the lower figure of guidance at least. If we do that then with the waste removal coming to an end, AND if gold holds this level, then we should have something to look forward to.
Creeping up a little at the moment. Lets hope we don't get a Friday smackdown from the USA.
What are the back of a cig packet calculations for the dividend for POD at an average of $1950 (which we must be near this year) and $2000? (which I'm hoping we will be above next year)
Thank you for your detailed reply.
:-)
All the best for Christmas and the New Year.
Hi Dasut. I think you are right about scraping in at the lower end of guidance. I don't think Horgan likes to promise much as if you don't meet the figures the market reacts very badly. With the price of gold recently that should help with profits.
I think they were working on an average price of $1850 and I'm pretty sure we have been above that more often than not this year.
I sometimes wonder if Horgan holds something back "just in case", to help smooth any bumps?
There is something I wanted to ask you. Does Sukari have enough machinery to cope with any more material or if they dig more out, will they need more machinery? I suppose the best thing is good grades so you don't have to process as much material to get the gold.
Thanks
The price is flying a bit now. Wheres "No Fear" ? He usually appears and starts shouting whenever the POG rises.
$2066 at the moment.
Without jinxing it, it is nice to see gold seems to be holding up fairly well over $2000 and nearer $2040 (Hoping there isn't a Friday smackdown) .
I think Centamin were working on an average gold price of $1850 for the year and I'm pretty sure we have been above that for most of the year. How will this affect profits?
Also with regards to hedging the gold price at $1900 ( i think), well it seems a bad move now, but was probably a good move as cover. I'm pretty sure that they (and us) wont mind the cost of the hedging, if gold stays around this level or rises.
What caused the rise yesterday?