Hi sotolo, i can fully empathize with you as i too had plans that were only weeks away from pulling the trigger on when we had the bad news about the open pit wall and subsequent downward slide in share price. For me to sell shares now would effectively make my project cost double compared to when the shares were over £2. So they're now put on hold for when we return back to the £2 club
It really is excellent news about the oxford vaccine but unfortunately the damage inflicted to the world's economy is already done and is about to play out over the coming months. Its impossible to shut the world's businesses down or restrict their ability to operate normally without serious economic repercussions. It is frustrating watching the share price slowly dropping day by day but its only a matter of time until the euphoria of the vaccine news wears off and the economic reality is back in the media spotlight. My advice is sit tight as this is possibly the last pullback before new highs.
Dont know if any can remember a regular poster on here some time back "Mack" ? He spent a lot of time drilling and surveying in Egypt, and was realy excited about an area very close to the Sakari site . ive no idea where he was talking about but he said that he had picked up nugets off the serface. if i remember right he also contacted centamin giving details of the location. you never know it could be the missing area?
I'm hoping for some long awaited news regarding west Africa. Surely there can't be any more drilling required?. Management keep saying that they don't intend to be a single mine company so I'm hoping for some good news soon about a start date. With the price of gold having a natural bull/bear cycle now would be a good time to break ground and make the most of the impending bullish gold trend. As for the increase in costs i believe that one is already baked in to the price so shouldn't be much of a surprise on Wednesday.
Historically September to December has been good for gold. Hopefully this year will be the same. Earnings season for non gold stocks is going to be miserable reading if you're a dividend investor. Spot64
RE: Rebess --> Regarding The Missing section Of Area G06 Sep 2020 20:51
Anyone have any idea as to size of each block? Am i right in assuming that each block is based on centamins original 160km area and not the 3km one that they're currently mining? If so then isn't the government using centamins legally disputed allocation as a blueprint for the rest of the other mining areas? You would think that someone would give the courts a nudge if that is the case!
Hi Rebess thats the way i read it as well. Its been so long now with west Africa it should have been given the go ahead by now, this makes me think that they've got their eyes on bigger fish closer to home. They've been working in partnership with EMRA since day one very amicably, so you could be forgiven for thinking that behind closed doors conversations must have been had regarding other areas. Could be wrong but i just can't understand given the amount of years spent drilling in west Africa they've not pulled the trigger?
As the gold price approaches all time highs i get the feeling that this is only the beginning of the bull run. If you can remember the last time it was this high every one was talking about gold, main street news, spivs were popping up in local pubs and village halls offering to buy broken jewellery or something that their grandmother left them in a will. im confident that its still got a long way to go before it's time to take some profit.
As frustrating as the lackluster sp has been over the years its allowed me to accumulate a sizeable holding in Centamin on the cheap. Centamin will not only maintain its dividend but will be significantly increasing it. As the world's economy falls off a cliff its going to be very difficult to find a return on your cash.
Every dollar increase in gold goes straight into the centamin cash register for no extra work whatsoever. When earning season arrives most companies will be cutting dividends or canceling them altogether due to covid 19. Good dividend paying companies will be few and far between. Sooner or later the rest of the heard will be heading this way!
RE: Survey --> Tell Me What You Think!15 Apr 2020 18:33
Ok just for fun, my guess is 150'000 shares token gesture . No news on west Africa other than the standard line that they're committed to becoming a multi asset company and they're giving the new CEO time to settle in and make a full assessment. However i do believe that west Africa will be the first to get the go ahead as any expansion in Egypt is a long way off other than any possible expansion just outside the current 3km area. Production guidance maintained. But mainly a safe bland statement.
Not normally of a suspicious mind but you can't help thinking that it would be an ideal time for the new CEO to get all their dirty washing out and have a clean start. You have to admit that Q4 was a stellar performance so fingers crossed they weren't cherry picking. Perhaps that's why the sp is lagging a little until we've got the actual numbers ?
Very true tibbs, sinner was a great contributor to this board and sadly missed. His legal input was second only to Siko's.
If memory serves me correct he was part of an investment company that specialised in companies that had been punished by the markets incorrectly due to the perceived perception as opposed to the true reality. He had access to information from corporate lawyers ect which he freely shared with all of us. It is testament to this excellent forum and to the combined knowledge from everyone as sinners company would never normally use any sort of BB board for any research but they found this board useful. He did however say that although they had taken their profits to move onto other projects that they could possibly return one day.