Member Info for Robbie11

Just for clarification Ross Jerrard is Chief Financial Officer and he has now been appointed a director which he was not previously. The company is now beginning a search process for a non executive chairman. Josef remains executive Chairman but intends to retire from that role by the end of 2018.

RazorsEdge, Randgold is up 0.5%. So I think we can say over 90% of the cey rise is due to the RNS.

The results and resource update convey a very professional performance and a solid and confident path forward. Just what is needed with less uncertainty and volatility going forward.

Yipee! Wage infla only 2.5%

4th quarter production and Guidance for 2018 will be given next Tuesday 9th. Full results for 2017 including divi on 31st January.

Rebess, The analysts and the market makers work for the same firms and they can profit as much from a falling share price as a rising share price. They make bigger profits from the volatility of a share like Centamin than a steady upward progression. They profit from the emotions of greed and fear. We have to try and keep a level head and not be spooked. It`s difficult unless you really understand the fundamentals of the business. Cowichan, I`m not sure the analysts are useless it just pays for most of them to go along with whatever strategy will make their employers the most money. Your comments about Cleopatra, the Gap and the crusher are spot on.

Rebess, Isn`t it amazing that the market doesn`t respond to this sort of information. Great opportunity for the pi`s that read this thread.

Siko, Many thanks again. There are some outstanding shipment quantities in November and December. Looks as if with the new cutter coming into effect we were producing at an annualized rate of over 700,000 ozs. in those 2 months.

Somnamna, Thanks for your comments. Excuse my ignorance but I don`t know what a BM is. I think there is an over emphasis on selling. It`s best to get your research right in the first place. There are all those stupid sayings like "it`s never wrong to take a profit". Of course it`s wrong if the price goes on up. These sayings exist to create commissions and profits for institutions etc. It`s difficult to find great value in mature markets like this but there are still unloved shares and sectors. There are also many good companies that just keep delivering the goods year after year and they often have directors who have meaningful shareholdings not the one way street of options. I often take a small stake to begin with and add if it performs in accordance with expectations. This avoids making a heavy commitment to a wrong `un. I have my criticisms of Cey but basically it keeps delivering year after year and always beating forecasts. I`ve talked to the directors and am sure that within a couple of years or so that we will hit 700,000 ozs a year and that within in 5 years we will have at least one other mine and be pushing a million ozs. a year. During 2017 I added to Dart and FD again the management just keeps delivering. Immu had a fantastic year and may do even better in 2018 its very speculative but I `ve been in and out of it for 12 years. A new share for 2017 was Premier but its` very much a geared play on the oil price rather than unrealised growth stories that I am usually looking for.

2017 was a disappointing year for holders of Centamin. Here is my league table for my top 10 investments in 2017. I run a very concentrated portfolio and these accounts for over 90% of my holdings: % annual return Immupharma 226.9 Victoria (vcp) 133.1 First Derivative 97.5 Dart 38.6 Cey 23.6 Avation 21.7 General Motors 21.4 Premier Oil 3.0 Carr`s (11.6) Trinity Mirror (19.7) Most of these shares I have held for quite a while except Premier which is a recent acquisition and really a highly geared play on the oil price. I`m hoping that 2018 will see Cey break £2 where it was last at some 7 years ago. Yes, 7 years ago when it had recently graduated from being an explorer to the commencement of production. Output for 2018 will comfortably exceed 600,000 ozs. whatever low ball forecast the management comes up with. One of 2 things that can firmly push us thro` £2 is either a rising gold price or the announcement of a new mine in West Africa. Being a producer in one country is a big negative and is a major factor in Centamin`s lowly rating. As we know Centamin is sitting on a cash mountain and I really wish they would buy back shares for cancellation. It would make sellers think twice and significantly reduce the supply of shares to the open market which the director shares sales have added to. The high yield is most tax inefficient for UK taxpayers resulting in tax at 45% for some, rather the 20% capital gains tax rate available on an enhanced share value. Best of luck to all in 2018 and let`s hope that one way or another we pass that £2 hurdle.

I`m expecting the current upward move in the share price to accelerate subject to no significant correction to the gold price. 2017 production figures will be released around 9th Jan plus guidance for 2018 production(even 600,000 ozs would be ultra cautious) and forecast AISC for 2018. Capital Markets day will be around 1st Feb. Hold very tight the share price has been manipulated down to ridiculous levels in last quarter of 2017.

Marmot, Thanks for the figures. The reality is slightly more complex in that gold miners are a geared play on the gold price. In Cey`s case the percentage share price rise should be at least twice that of the gold price as AISC is round $750 per oz. but 2017 is more complicated with an increasing profit share being paid.

This is good news! We are have one of the lowest P/Es in the sector and certainly need a proactive broker. Our shareholder base in North America is also too small and I believe that in 2018 we will have news of the development of our first mine in West Africa. Having diversified from being a one country miner will have a material impact on our share price.

Yes Tiger. We are about three weeks off some really stunning production figures and guidance for 2018. The bottom last year was 16th Dec, we are over 25% down from peak, and have the lowest PE of any major gold stock. The gold price this year has been very steady. Guidance was 1251 and we will beat that. The most important external circumstance that has changed is that sterling has been advancing again the dollar throughout 2017 and that is now over.

Siko, May I add my thanks. According to my calculations production for the current quarter is running at a rate of around 190,000 ozs. or 760,000 ozs per annum. Just shows what Sukari is capable of. In 7 weeks time we will receive good news from the company. Production for 2017 will beat forecast and AISC will be below forecast. We will also get guidance for 2018 with output forecast I believe to be in excess of 600,000ozs and AISC for 2018 less than 2017. During 2018 we are likely to get the go ahead on the first mine in West Africa. This will be a game changer for perceptions of the company. I am not a trader but basically buy and then add to my winners if management achieve what I expect. However, I accept that short term trading activity enables liquid markets to exist and the wages to be paid. I do not know where the share price will go in the next few weeks and many will see it as in their interests to maximize trading activity up and down. The smart money will be trying to pick up share at low prices and shake out nervous holders. I have just been thro` this experience recently with another of my core holdings -Dart plc. The share price fell marked in the months leading to the results but is now up 25% from its recent lows. I have made over 1000% return on this investment over the years and added on fear driven set backs. 2017 has been a bit of a staging post for CEY but I think in 2018 its strengths will be more widely appreciated.

Well done guys. Looks as if you may have caught the train just as it was leaving the station.

Amazing how quiet this board is. It`s the dogs which seem to attract all the chatter. Been here since 2009 when I made my first purchase a �1.50. Been adding ever since as results have justified. I agree that with Fallingknife we should be at a billion cap. soon. I think the institutions are waking up. Goodness knows what it would be worth on NASDAQ.