focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
We had the long awaited Sukari resource update in the Q4 production statement and It will be very interesting to see what news there is of the African Prospects in the full year 2017 results and its accompanying presentation. CEY Management are doing a great job with Sukari production but for me the African Prospects are the key to real SP growth and as you say Robbie11 the potential to create 3 new mines.
Seems Mr Morcombe is a good fit. The 64K question is what and when? "Mr. Mark Morcombe has been Chief Operating Officer at Acacia Mining plc since February 25, 2016. Mr. Morcombe served as Vice President and Head of Operations for South Deep - South American Region at Gold Fields Ltd. He is a professional Mining Engineer with more than 20 years of gold industry experience, primarily in the underground mining environment and has operated across the African continent for a number of years. Before joining Acacia, he was Senior Vice President of AngloGold Ashanti at the Obuasi Gold Mine in Ghana, since September 2012. Prior to this he was Senior Vice President of Planning and Business Development for AngloGold Ashanti’s Continental Africa Region, supporting mines in Mali, Namibia, Tanzania, Democratic Republic of Congo, Guinea and Ghana. He has previously held various roles in Africa with Gold Fields, having started his career in Australia. He holds a Bachelor of Engineering (Mining Engineering) and a Masters of Engineering Science (Mining Geomechanics) from Curtin University in Australia.
Looking forward four (4) key variables that come to mind are selling price (forecast gold price), AISC,guidance for 2018 and expansion in the form of new mines and increased gold reserves. Sadly profit share share seems to have been a drawback this year as far as the SP is viewed by the market. In 2017 CEY has done what it said in terms of production and has shown potential for increased guidance. Will they step it up in 2018?, Seems from the recent press reports it could be more of the same. Fingers crossed and hoping for a nice surprise tomorrow.
It is a good result for year 2017. Thanks for sharing. At 90.82% of my portfolio CEY is my main stock so I am trying to expand the non CEY part. Work commitments are now less so started at the end November 2017 and had some success in a small way with KGF, GNK, AA and breakeven / small loss with QQ and Sia.l. I am reading up and trying to understand how to pick shares and build a portfolio. I also subscribe to a share database (recommended by a BM) which is excellent for data and analysis. The guide book is an excellent introduction into price performance, value and results analysis. It would be interesting to know how BMs go about selecting shares and importantly when is the right time to sell. The latter is something I have consistently failed to get right; partly due to being too busy with work commitments and in the case of CEY by blindly hanging on ( I just can't seem to press the sell button in the belief that something big is just around the corner, be it good or bad) and other shares I have held in the past for failing to correctly assess the turning point.
http://www.aicresources.com.au/prospectus/AIC-Replacement-Prosepectus-20171101.pdf
This link has been posted before and I was wondering what members thought of it as a gold prospect? I have no idea how to read and interpret the technical / development aspects. See also earlier comment from Herakles re status of the offer. "IC Resources - ASX (Australia) - Gold exploration tenements in Western Australia. Currently trying to raise IPO cash at AUD 20 cents on the ASX - but I believe may be struggling a bit. A number of brokers have been trying to flog the IPO with limited success to date, but it may eventually get over the line. I declined the offer, however I did say if they had come to me for the Seed investment which was at 10 cents I may have accepted, but not at 20 cents with what they have."
London Block Exchange's Dragoncard is the bitcoin-backed card provisionally authorised by the Financial Conduct Authority and scheduled to be offered within weeks. http://www.telegraph.co.uk/personal-banking/credit-cards/new-gold-bitcoin-bankcards-enable-spend-entirely-without-cash/
Here is a link to a write up on CEY by Phil Oakley. It is interesting to see a view of CEY and perhaps goes some way to explain why the share price didn't lift off if such a view is held by others. https://download.sharescope.co.uk/doc/2017_11_10.pdf