Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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?
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