Member Info for Somnamna

If I had some spare cash I would by some more CEY but I am all in, more then is prudent.
I am the equivalent of the chap at the roulette table with the big pile of chips on red.

Excellent well reasoned comments in this thread. Thank you to both Sotolo and El Prof.
I would like to add we have some forthcoming positives in the pipeline being:
Sukari reserves and life of mine
Offloading of West African assets
The new licence areas
However if these will actually have a positive impact on the share price or just help prop up the existing SP I really don't know.
Martin Horgan explained that new developments would not be a drag on future dividends so seemingly movement in gold price will be the significant driver for CEY SP in the forthcoming period.

You and me both Mr Bond. In far deeper than is prudent.
Luckily the dividend is a life saver.

No doubt Adrain77 will have some purile unsubstantiated deramping comment or is he hiding behind the sofa.

Thursday 22 July 2021 for the Q2 Production Report according to the CEY Website.
https://www.centamin.com/investors/investor-calendar/

Mr Bond I am sure it was not meant badly but part of your post came across as a personal insult to Cowichan.
I agee 100% that differences of opinion and debates are healthy.
You are both valued members of this board and for me it was sad to see.

Seconded
Cowichan, thanks for your informed and intelligent posts about Centamin and its prospects, they like any others relating to how Centamin and gold might move, and what might move them, are always appreciated.
You are a stalwart of this board am sure MrBond who seems a good sort if he took the time to reflect would be man enough to apologise for his crass posts.

Would very much like to see other Board Members thoughts and ideas on the impact of the announcement of new Egyptian Licenses if an when announced.
Many of us are eagerly awaiting an announcement of new licenses in an expectation the SP will rise, but is this expectation realistic?
We saw the SP plummet on announcement of the West African review which came as a surprise because on the whole the review outcome was measured, positive and value creative including a probable 200 oz per year mine.
However the way forward did involve a relatively small increase in expenditure (even if significant in terms of near future free cash flow) over the next few years prior to mine start up and the market seemed to focus on this but took no account of the potential future revenue streams.
Will it be similar for the Egyptian Licenses when announced? Will the market see an erosion of CEY's cash pile as a negative factor on SP until increased gold actually starts flowing?

Sotolo we had a bit of a shock with the market's reaction to the news of a new mine at Doropo.
What is your expectation of impact on the SP if CEY announces new licences in Egypt?

Hi Cowichan, having looked into a few sources it seems probable that Hennie Faul hasn't updated his Linkdin profile. A common occurrence.

Career History
General Manager The Lisheen Mine FORMER
Gencor Ltd 01/1986–UNKNOWN
Anglo American PLC 01/2004–UNKNOWN
CEO: Zinc Operations Anglo American PLC 01/2009–12/2010
Group Head: Mining Anglo American PLC 01/2011–12/2013
CEO: Copper Business Anglo American PLC 10/2013–07/2019

Board Memberships
Centamin PLC 07/2020–PRESENT Non executive director
Master Drilling Group Ltd 06/2020–PRESENT Chairman
International Copper Association Ltd 01/2016–10/2018 Board Member
Amara Mining PLC 01/2011–04/2016 Board Member
Palabora Mining Co Ltd 01/2011–12/2013 Board Member
Cluff Gold PLC 05/2012–10/2012 Chairman
Anglo American Quellaveco SA FORMER

Cowichan what is your main concern and what is the question to be asked?
Sorry I not fully up to speed on the technical aspects but will happily pose the question to CEY.

What moves markets ? = fundementals eventually
What moves share prices in the short term = Greed and skulduggery

Thank you Mr Tibbs. Some may prefer a %age levy but we are where we are.
Personally it doesn't seem too bad.
All costs covered and 50% split of the surplus after royalties but no tax.

Marybr190 understood but the topic is Fair Value SP not valuing a Company.
There may be similarities but the two are not same and should not be confused
Of course the Fair Value SP consists of facts + subjective / reasoned variables
It is a calculation from which a maximum, minimum and likely can be produced.
As Tornadotony and Sotolo have kindly explained
Nothing to do with Market Price.

AS usual a well reasoned explanation. Thanks Sotolo.

The frustration is well understood and shared Palayintheodds.
I am well invested and sometimes buy and sell but tend to take a longer view.
Don't beat yourself up too much. It is very difficult to predict a banana skin event as happened this week.

Thanks very much Tornadotony much appreciated.
A sensible and reasoned calculation.
It helps tremendously to understand and gives credibility to your figures.
Also to serve as a basis for some "what if" calculations for Fair Price SP

Auscon yes agreedthere is that to it as well. So clearly market price is not linked to Fair Value.
I am hoping Adrian77 will "put his money where his mouth is" and explain / substantiate his Fair Value SP calculation.
That way we can have a reasoned discussion
So far the silence is deafening.

Can agree on Market Price MaryBr190 but not Fair Value.
Market Price is a fact of life decided / manipulated between buyer and seller so there can be many drivers some visible some hidden from view.
Whereas Fair Value is a calculation, admittedly some of the constituent parts may be subjective, but a claculation nonetheless.

Lets not jump to disparaging comments.
See my post Fair Value SP.
Adrian77 has opportunity to explain / justify his figures.