Yes that is so, if you stopped the heavy capital expenditure and paid 100% of the profit in dividends rather that 17%, but we keep investing most of the profit now to improve future profitability which lowers the share price now but hopefully raises it in the future, if Zimbabwe Vulcan etc deliver as they are supposed to and metal prices stay up imho
Sorry that is a reply to us becoming tier 1, which we are definitely aiming for. As said: Currently need to get output over 500k oz, with aisc under $966, so output needs to rise about 20% and costs fall a fair bit more but than that, but that is what we are aiming at for 2023
I guess/hope we may get some news on court cases and concessions with the results in 10 days, the concessions should lead to a bounce, the interesting thing is what they do to the share price mid term, as the more we get the more capital it will need to develop them and the more risk that capital will go down a hole, but conversely the more opportunity to increase output and make more money. So the shares become riskier but more exciting and presumably the divi goes down again as the money is needed for exploration
Back down again so A. Are we witnessing a dead cat bounce and will go on falling B. Or a correction in a rise from a double bottom around 18 We just don’t know but will find out soon, Ominous that Brads promised Easter results have yet to materialise
I have been slowly adding on the way down all the way from 30 to 18, obviously more people, with the opposite view to me, were selling to buying, as an investor I want to know why and how they think as here we are mostly bulls, so the likes of Webb are hugely useful to this board or one only gets a very one sided picture. If they are wrong we should be happy. It is great when people sell out of a share they continue to post their thoughts as want to see if or when or why they become bullish again. Thanks all!
Rhodium stumbled again at $30k, wonder if it will finally make it through Likewise Tharisa is nearing, and just 9p off, its all time high of early 2017, now if only it could break through that! Wonder why the first quarter delayed a day?
Most stockbrokers hold your shares in a nominee account. Therefore they elect whether to take it in dollars or sterling, the primary currency of Centamin is dollars so Barclays Smartinvestor annoyingly take it in dollars, rather than electing that Centamin change it and pay sterling at the same time as dollar, and make you wait for up to a week to change it into sterling before you get it.
Yes let’s hope the next drilling news is great, as we saw last time quite good results lead to a tumbling share price, so mediocre ones don’t bear thinking about; we are brave holders….as you say fingers (and toes) crossed, mining is such a fickle business when the odds are stacked against shareholders
Politics also holding us back, Peru has the worst COVID in S America and at some points worst in the world, another risen epidemic now, 3 president in 6 months, another election. Ow and the favourite Lescano has pledged to spread Peru’s mining wealth more equally, which is of course lovely tho not necessarily for Hoc, if it finds more metal and makes some decent profits
RE: Europe up in premarket after UK eases lockdown06 Apr 2021 09:18
Did a bed and isa this am, amazingly only lost 20 shares, or £21 for total transaction fee including spread. Usually I never bed and isa but sell, wait for settlement and hope price falls in the meantime before moving cash to isa and buying back, but this year don’t want to be out.
RE: Average PGM prices for quarter...03 Apr 2021 13:36
“ The shares held on your behalf (and for other clients) by stockbrokers in a nominee account are typically “pooled” and there will be one entry in the register for all of them, in the stockbroker's name. The company will therefore not know you and will not recognise you as a shareholder.”. Therefore all of us smaller shareholders will be pooled as maybe half a dozen nominee shareholders, our shares owned within half a dozen or so stockbrokers nominee accounts, so 1000 is meaningless, though of course Tharisa relatively illiquid.