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It truly is a sad day if Mr Tibbs does stop posting. He is a stalwart and I hope he does pop back from time. Better still to perhaps take a step back and realise how many of us on here appreciate his views, comments and posts be it the conspiracy which there is, gold movements, views on politics, lol which we can agree to disagree, but above all especially feedback from the man on the train. So never say never. Best wishes Tibbs hope you reconsider take a break then keep posting.
Thanks for the post Soltolo, I always enjoy reading what you post re "profits�. I must admit a while back and through lack of awareness I wasn't taking this aspect seriously enough. No wonder there was a big gap between reality and my shorter term expectations for Centamin.
Hope this link works. If not easy to replicate on Yahoo by plotting SP and 10 and 50 day MA https://finance.yahoo.com/chart/CEY.L#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 I am not a chartist but the graph is not looking good. The 10 MA has crossed the 50 day MA downwards Historically a signal of a fall in share price. Is this only driven by USD / GBP exchange rate and price of gold. Roll on 9-Apr-18 when the so called analysts who ink before trhey think will have some good news
Thanks Sparkle, I have updated my spreadsheet. This really is becoming interesting. Applying an even distibution of year guidance across the four quarters of 2018 Q1 to Q4 CEY is presently on target to well exceed Q1 guidance and to show a massive increase on Q1 2017 which was only 109,187 oz of gold. Would very much like to know how management see the guidance on a per quarter basis for 2018 e.g. is it ascending, descending on a quarter basis and in Q1 are we on high or low point.
Hi Sparkle. Again thanks for posting the shipments it really is a big help and is much appreciated. Not sure if at 3,610 kg to date for Q1 if my total is correct. Q1 2018 KG 10-Jan-18 467.00 15-Jan-18 359.00 17-Jan-18 297.00 22-Jan-18 385.00 26-Jan-18 255.00 29-Jan-18 324.00 05-Feb-18 385.00 12-Feb-18 392.00 19-Feb-18 396.00 21-Feb-18 350.00 Sorry for asking but am I m issing any shipments? Tried tracking back and it seems one shipment of about 297 kg may or may not be a double.
Agree 100% with your conclusion Sotolo re drag on the share price Sotolo but perhaps there is a simpler solution being the "ink before they think" chaps can't see beyond the end of their nose at what is a good thing and their spreadsheets can't cope with something so simple as profit share.
Hi Sparkle as Jersey resident do you have to pay UK income tax or Jersy income tax on the dividend? I work outside of the UK (more than 5 years) so free from capital gains TAX but I am liable for UK tax on the dividend payments.
Sorry but the results although very good come across as bland. The "ink before they think brigade" will probably focus on the drop in EBITDA from Dec-16 372,885 to 325,927 in Dec-17. Can ssee the headlines now, "profits fall at Centamin", but hope I am wrong. Not enough progress on developments in Africa.
Thanks Sparkle you picking up the baton re shipments is much appreciated. Will be interesting to see if the Year Report gives some insight into production rates. It is early days but by my count the daily rate of production this month DROP even at 83 per cent gold is well exceeding what is required to meet guidance.
https://www.theguardian.com/business/2018/jan/15/jobs-carillion-liquidation-construction-hs2 Yet another stellar example of mismanagement and not sticking to the basics, We are licky to have CEY management and thier conservative approach.