Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Maguire might be right one day but he might be wrong.
Look at the "game changers" from the last few years. Kinesis and basel 3 . Not much has actually changed.
I'm with you MrBond----------Lets pray they choose re-valuation.
In the words of Mr Lydon
"I could be wrong, I could be right
I could be black, I could be white
I could be right, I could be wrong
I could be white, I could be black
Your time has come your second skin
The cost so high the gain so low
Walk through the valley
The written word is a lie"
Well, he was right about Saville.
Ok we all have our opinions and hopes about this share and most of us have some "skin in the game" and wish some more of the Centamin board did too. However I'm getting pretty sick of someone who does not have any "skin in the game" finding and posting up any negative thing they can find about the share and Egypt. It is such a pity that they were not digging so deeply in the past and giving the warnings about the last lot and the high grading etc.
While I'm on a rant. What is with all the recent Re. Re. Re. posts , rather than actual threads??? It makes things difficult to follow.
To our Aussie contingent. Well done in the cricket and can you spare some of that Glenn Maxwell magic for Centamin?
I still think you were really lucky to retain the Ashes-------and deep down you all know that!
Yes Mr T--they do seem a very long time ago. We have been bent over and shafted by the last lot. It shows that even people "In the know" didn't know that much. As with most people "in the know" and people predicting, they are right until they are wrong. I think of all the people and all the stuff that has been said on here , even the last few years ------and how often it has been wrong.
Maybe Dasut will step in with something a bit more positive after he reads the next bit?
Gold is hard to find.
Centamin found gold at Sukari and managed to mine it.
Sukari is still the 3Km bit, not the full 160km bit.
Law 32 is either forgotten about or just wont matter.
Therefore there should be the full 160km to go at when they want to.
I am assuming that there will be similar amounts of gold in the full area as the current Sukari area?
So should we be positive about that?
It's nice to have a positive few on here Dasut.
Obviously we only know what we are being told, but it was the same with the last lot. Remember people were talking of "golden flip flops" , saying "Josef (joseph?) is an honourable man, "Good times are coming. Good times are coming", "Turning out cash like a demented cash machine" and saying they would not consider selling their shares for " less than £5"
So among all the gloom now, it is nice to have your view on things.
I would still like to see regular director buys though.
I don't mind "boring" if the results start to pick up along with the dividends and the share price. I'd much rather that that what the last lot did. Wasn't there a special dividend one year which took the dividend up to around 12p? While it was a nice dividend to have, the money could have been put towards keeping on top of the waste. I'm guessing the reason it wasn't, was because the high dividend suckered people in, the share price climbed and the last lot did one with lots of quids in their pockets.
As I've previously mentioned, Martin Horgan is going to a lot of trouble, with opening up the mine, new trucks and solar.
Maybe it is a cunning plan to switch from mining to producing electricity from solar? ;-)
I've just come on and wondering the same??
How does it effect Centamin's profits?
I think they were working on an average gold price of $1850 this year.
Does anybody know what the average price of gold has been so far this year? I know we have had a few dips but I would have thought we are above the $1850?
Ok---most of us LTH are cheesed off and thinking that we should have cashed in when we were 220 and Sotolo ( who's views are back of a f-g packet calculations are interesting) was predicting £3 before long. But we have hindsight.
We never know if what we are being told is true. We were being told a pack of lies when the share was up to 220 and the previous lot were high grading, which looks like it was for their benefit .
If Martin Horgan is pulling the wool over our eyes, then he is going to a great deal of trouble to do it. He made a decision to do the waste clearance and to allow more access to the mine. Then there is the solar and the new trucks. If he was getting a kick back from all of this (I am not accusing him) would it be worth the effort?
Ok--there was a problem and they missed Q3 targets , but they reported it before the Q3 figures officially came out. It's not like the last lot predicting 600 OZs for the year and then suddenly announcing at the last minute there was a problem with some machinery.
Dasut and Kees Dekker thought waste clearance was the way to go---and that is what is being done.
The big IF is can they meet and exceed targets from now on and can they reduce costs to increase profit?
With the recent rise in POG (which I think Sotolo says is geared 3 to 1 with costs?) then that could give a bit of leeway. If they meet targets and gold remains high, they things should look a lot better.
I haven't a clue about Doropo. If they make a decision next summer, then they will either go for it if they think it is a goer or they will get rid of it and stop spending money on it.
I still think there are trust issues with the market and Centamin-------but if we get a couple of good things or meet or exceed targets, that could come back.
I still think Martin Horgan will always underplay targets ------because if you exceed them you are doing well and if you don't , its still looks good for you.
Please can somebody else give us something a bit positive?
What will it take to get this share moving upwards?
It seems that even the jump in gold isn't doing much, after that rise and fall back in the share price the other week.
I keep muttering to myself ----"Waste removal contract coming to an end, AISC falling ,gold price up" --------but what will it take?
Hi Siko. I hope you do pop on now and again. I'm sure you have other more important things on your mind. I hope you and you family are safe and well and have a good weekend.
Mr T --check the RNS from the other day.
It said "· Doropo Gold Project definitive feasibility study (mid-2024)"
Is that when the deciion will be made one way or another?
I know there are other things going on but gold has risen about 8% in the last week or so and our price is about the same as it was a week ago???
It's a weird old share this.
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.