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Whilst I realise that melody are music based, what a shame that they cant put a few cameras in football stadiums, or other sports venues, to give fans a chance to watch using VR. I am sure there are plenty that would be interested!!!
Hi
Curious as to why Hoc are up. Thought all their mines were closed short term. They are down quite a bit but were similar price on Friday before mine closure. Would have expected a further drop with no production, not a 15% rise?
With $350m in the bank thats 27p a share making us 70p. Even at $1530, we would be looking at $800m for the year with profit of $300m. Thats about 20p per share. or 10p after profit share. What on earth is going on?????
What just happened. Share price tanked 6p in half an hour.
Dodgy stuff going on around here.
Still amazing how CEY has been held back. Even back in August we were £1.50, with gold hitting $1500. That seemed low historically. Got hit on production, but that's now resolved and upgraded. Gold approaching $1700, and we are still 7p down on August. Surely due a re-rate????
They did give an outline of 2019 results on Page 8 of the Q4 report.
2019 Gold produced 480,529 - sold 470,020 Middle estimate for 2020 is 525,000
2019 AISC $943 Middle estimate for 2020 is $895
2019 Average POG $1399 If POG averaged $1600
2019 Revenue £652.3m Then revenue would be $840m
Rise in POG and fall in oil could make quite a difference. CAPEX estimated higher for this year, although Solar to be paid for.
Interesting times.
What I find hard to fathom about the coronavirus panic, is the fact that even if you do contract it, there is a 1% chance of fatality. The spread is still very low, when you compare it to sepsis. 250,000 people contract sepsis in the UK alone every year and of those 50,000 die. A whopping 20% every year. Now that is scary, yet no-one worries!!!
Hi Bob,
Your comments do make sense to me of the buys and sells. I can now see for example that if the share price is falling, loads of sells could show as buys if they are a little late in reporting. Would access to level 1 or 2 be more accurate or could they also show late? Is there any way to know for sure?
Thanks again.
Phil
And through 1600 she goes!!!
Hi Bob,
That is really helpful.
Thanks very much,
Phil
Can someone please explain the following. I always thought that share prices moved on demand. Why is it that we have 940,000 shares bought and 550,000 shares sold, yet we are down 2%. What am I missing?
Thanks
They point out that Centamin rose on strong results, yet other miners on the LSE also rose by around 6%. Seems that the rise was purely a rise in the mining sector and as such, we have yet to see any bonus from the strong results.
Bit of a run up to 1570. Be interesting to see if it holds.
There seems to be a big resistance at $1560. Every time it get close or through then it is knocked back. I believe that we need a close above $1560 to be able to break the resistance.
At current prices, the EDV offer is worth £1.20 a share. The $300m dollars in the bank, assuming that has not grown after the suberb Q4 production at an average of $1480 per ounce, is worth about 21p per share, reducing their offer to 99p a share. LOL. They have a market cap of £1.56b compared to CEY £1.45b. Take away the $600m of debt which I assume is Canadian dollars and it leaves them with £1.2b. AND THEY WANT MORE THAN HALF. This is such a joke, they must be laughing their BOL*****KS off at the fact that anyone is taking them seriously. EDV are currently losing about $50 per ounce due to hedging, which cost the $9m for the privilege. Also, you must agree that AISC for Q4 will be down due to the high production, but even at $1100 AISC profit will have been approx £56m for Q4, pushing up the free cashflow.
Hope my figures add up!!!
Seems that lot of miners are down for some reason. Hoc down 3%, hgm down 1.5. Maybe ETFs rebalancing. Who knows!!!!
Q4 results are 15th January. Taken from last report.
Mikefreedom, Thanks for sharing your reply. It is nice to know that they do actually respond - sometimes!!!
Improved drill results would help prop up the shsreprice. Shame they did not explain this as the cause of delay. It would still be positive news to the market that we really need right now.
Gold up nearly 1.5%. CEY flat. I can only imagine that this is the work of shorters. They really are playing a dangerous game.
Gold currently $1,507.73 and also up a fair bit in the pound to £1,160.82. It dropped close to £1100 earlier this month. This is quite substantial, especially considering that if lower end of guidance is met, then 30% of the years production has been at a much higher price. I can imagine that this would also result in much lower AISC for Q4.
I noticed on Reuters that Endeavour had urged Centamin to extend the PUSU to 31st Jan 2020 - https://www.reuters.com/article/us-centamin-m-a-endeavour-mining-extensi/endeavour-mining-urges-centamin-to-seek-takeover-offer-date-extension-idUSKBN1YN0RF
It was interesting to see below about the Q4 results -
-- The Company is currently undertaking a consolidated life of asset ("LOA") review at Sukari, incorporating independent optimisation studies across all sections of the mine; and
-- Q4 2019 Results are scheduled to be published on 15 January 2020.
Nice timing!!!!