Member Info for Somnamna

So 8th December has come and gone and another slap in the face for shareholders.
Martin Horgan, his management team and Centamin employees have done a great job and should be applauded. Detail and information in the presentation was excellent, albeit increased costs not so good.
However the manner of delivery from a corporate communications standpoint was atrocious.
Missing was a simple one page summary with a clear positive message for the one brain cell, cut and paste so called "brokers" to pick up on.
We had the detail but not a positive simple message for the market and share price to pick up on.
One saving not mentioned was the cash to be saved if Centamin's corporate communications adviser was let go and replaced by one that could actually do the job.

Agreed Sotolo. Lost of good information but a lacklustre messgae.
Should sack thier communications team. Slide 17 of 48 production ounces over time is uninspiring.

Omricon is an anagram of moronic, which aptly sums up the situation.

Easy there Mr T you seem to be missing the main point of my post which is there is endless discussion about price of gold, conspiracies and daily share price when the real issue is number of ounces mined.
This used to be a "headline topic" but was swept under the carpet when Centamin ran into production problems and has not been resurrected.
Daily gold price and daily share price is of interest for short term traders but not so much for me as an investor, provided gold price stays within a predicted range. Other things being equal it is the number of ounces mined that will drive free cash flow.
There are lots of good things being done by Martin Horgan and his team but I have the feeling of waiting for a bus that is late, hasn't arrived yet but may arrive at some point in the future.
The present forecast ounces per annum is an uninspiring annual production range. What I am missing is greater focus and emphasis of what is being done to ramp up production including more detailed production targets and reporting of ounces mined.
I will do as you suggest and send an email to Centamin.

Fluctuations in gold price is a smoke screen and not something Centamin can do to influence.
The real issue is number of ounces of gold mined and sold with a direct correlation between increased ounces and lower costs per ounce. Given the fixed nature of the costs more ounces equals more profits in total and per ounce.
So Mr Horgan what are you doing in the shorter term to increase the number of ounces mined?

I believe the main driver to improve CEY share price will be an increase in the number of ounces produced. This will have the advantage of proportionately reducing costs and increasing overall profitability but until that happens the SP will bob around where it is +/-.
Gold price to stay where it is would be great and to increase would be money for nothing. For it to fall back is a risk and something I very much hope doesn’t happen.
Sadly long awaited news of new licenses and positive news about Doropo were both damp squibs.
Although end of year results should be ok the market will still probably see a reduction in number of ounces produced year on year and less profit than the year before. Even if know it is actually a new dawn.
Like others I am anchored in, but content to give CEY SP time to mature, if nothing happens by end of 2nd quarter next year I will reappraise my position.

Hi Canetoad,
I understand your frustration but don’t agree with
"You can research the CEY fundamentals all you like, but without the gold price rising, CEY will not rise. I don't think many people here get that..."
In fact ignoring significant risks, CEY has three main drivers:
a) gold price
b) ounces produced
c) total costs (AISC + CAPEX)
As we have experienced, items b) and C) have a major impact on the SP and that is what Martin Horgan and CEY Management Team are working hard to improve.
Result of their efforts will be a profitable company even if POG retraces from USD 1,790.
Item a) can indeed have a big impact on SP, but is in fact either money for nothing (if gold rises) or a kick in the teeth (if POG falls).
Also something that Martin Horgan et al cannot control, but it is something they are making provision for by making a low cost gold producer.
I too share your frustration but as can be seen it is not only an increase in POG (welcome though that would be) that will improve the SP.

With the benefit of kind and erudite posts by Rebess, Cowichan, Sotolo and many others too many to mention and of course the guiding hand of Mr Tibbles, my thoughts with regard to CEY SP is it is clearly a function of:
a) gold price
b) production i.e. ounces of gold,
c) total costs (AISC + CAPEX)
It may also carry some benefit of "gold" in the ground.
So unless there is a major movement on a) b) or C) and bar any short term major buys or disposals the SP will languish were it is. We clearly need positive news on any or all to move the SP upwards.
I have followed CEY and been invested, as opposed to traded, for a number of years and seen plenty of ups downs, questionable management performance and skullduggery, so it is refreshing to have Martin Horgan and his team at the wheel but despite excellent work done so far they need to deliver increased production in terms of ounces of gold be it Sukari, Doropo or the new leases. The above to a large extent is stating the obvious it has taken me 10+ years to realize.

Keep on going Sotolo I appeciate your comemnts and views.
A prophet is not without honour save in his or her own county.

(Reuters) -Centamin Plc expects annual gold production at the midpoint of its previously forecasted range, the gold miner said on Tuesday, after reporting a rise in quarterly gold output driven by higher grades of mined ores.

Centamin, which operates the Sukari gold mine in Egypt, said it was aiming to produce 415,000 ounces (oz) in 2021, the midpoint of its projected range of 400,000-430,000 oz.

Third-quarter gold production at 103,546 ounces was, however, 19% lower from last year, largely due to a planned cut in production at Sukari.
https://uk.finance.yahoo.com/news/centamins-sees-annual-gold-production-064153497.html

Not speaking for Mr T but I didn't understand much.
Lookimg forward to the seeing it translated into simple terms

Thanks Tony, it is really good to see the basis of calculataion and logic.
Now if only analysts did the same ............

Hi Totnado Tony, how did you calculate the figure of USD 40M for Batie West?

Thanks for sharing Tornadotony, food for thought.

Hi Rebess, I live in Phuket and sadly no, I haven't heard or know anything of PosCo. Lol perhaps not a surprise, I am a complete beginner as far as crypto and don't anything about them. Sorry.

Hi Madtaway2001 yes I live on Phuket are you in the region?

Hi Mr Tibbs will do, but need a couple of days to pull my thoughts together

An excellent idea Goldnome.
As a long term shareholder I would be happy to put my name to such a missive.
Is it possible working group could be set up and to take the prepararation off LSE forum during preparation?
e.g.. communicate by email. I am not tech savy but sure something could be done.
It would do justice to Cowichan's and others efforts and cocerns.

An excellent idea Goldnome.
As a long term shareholder I would be happy to put my name to such a missive.
Is it possible for a group could take the prepararation off LSE forum during preparation?
e.g.. communicate by email. I am not tech savy but sure something could be set up.
It would do justice to Cowichan's and others efforts and cocerns.

Hi Sotolo thanks for posting your heklpful objective and well substantaited view on reasons for the SP.
Sadly the narket seems to focus on immediate cash now and not what is a clear and obvious future value.