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Centamin Egypt : Worth waiting for... (CEY)     

pthwaite - 20 Sep 2004 10:27

CEY is a gold mining company operating in Egypt. It was ordered by the Egyptian Government to stop drilling pending a legal dispute brought against the company by a government minister.

Since then, the whole Government cabinet was replaced a few months ago and the minister now in charge of Mining is believed to be positive on Western investment in the country. CEY are pushing for this minister to allow them to continue drilling ASAP; investers are waiting....patiently.

As soon as the company gets the go-ahead to continue drilling, the share price will move north; CEY has plenty of gold in this mine and it is (apparantly) the case of "raking" it out rather than drilling for it!

Check them out...worthy of a punt.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

cynic - 03 May 2016 11:11 - 2242 of 2354

have just banked a very nice profit, though would have been a bit larger had i not tried to get out nearer the top

Chris Carson - 03 May 2016 11:17 - 2243 of 2354

Wee punt short @ 124.15

cynic - 03 May 2016 11:28 - 2244 of 2354

that was brave with bullion remaining strong, albeit on the back of a weak $

Chris Carson - 03 May 2016 12:16 - 2245 of 2354

Chart.aspx?Provider=EODIntra&Code=CEY&Si


No worries, won't hang about if it gets another wriggle on :0)

Chris Carson - 04 May 2016 08:05 - 2246 of 2354

Stop to entry for risk free trade.

cynic - 04 May 2016 08:15 - 2247 of 2354

did well to hold that position o'night :-)

Chris Carson - 04 May 2016 08:21 - 2248 of 2354

He who dares cyners, he who dares :0)

cynic - 04 May 2016 08:31 - 2249 of 2354

i dared and banked a good profit in the other direction :-)

Chris Carson - 04 May 2016 09:23 - 2250 of 2354

Initial target 110 moved stop to 120p to lock in some profit should it go on another spurt.

aldwickk - 04 May 2016 10:23 - 2251 of 2354

When is ex divi date

Chris Carson - 04 May 2016 10:30 - 2252 of 2354

According to website gone 20th April alders.

aldwickk - 04 May 2016 10:49 - 2253 of 2354

ok , cheers

skinny - 04 May 2016 16:14 - 2254 of 2354

Well played Chris - you swine! :-)

Chris Carson - 04 May 2016 16:26 - 2255 of 2354

Sorry skinners :0)

Chris Carson - 05 May 2016 08:49 - 2256 of 2354

Closed half @ 110.15 initial target.

aldwickk - 05 May 2016 10:48 - 2257 of 2354

Closed mine at 110 for a 8p loss

Chris Carson - 06 May 2016 08:45 - 2258 of 2354

Closed the other half 113.10. Back on watch list.

HARRYCAT - 17 May 2016 22:19 - 2259 of 2354

Macquarie today reaffirms its outperform investment rating on Centamin PLC (LON:CEY) and set its price target at 120p.

skinny - 04 Jul 2016 10:49 - 2260 of 2354

Five year high @146.10p

Macquarie Outperform 144.45 120.00 150.00 Reiterates

skinny - 07 Jul 2016 08:56 - 2261 of 2354

Q2 2016 Preliminary Production Results

Centamin is pleased to announce preliminary production results for the quarter ended 30 June 2016 from its Sukari Gold Mine ("Sukari") in Egypt.

Preliminary total gold production for the quarter was 140,306 ounces, a 12% increase on the previous quarter and a 30% increase on Q2 2015.

Quarterly throughput at the process plant was 2,929kt, a 2% increase on the previous quarter. Annualised throughput exceeds our base case target rate of 11 million tonnes per annum (Mtpa).

Open pit total material movement (ore + waste) decreased 1% on the previous quarter to 15,080kt. Open pit ore production increased by 42% to 3,425kt at an average mined grade of 0.90g/t of gold. The average head grade to the plant from the open pit was 0.99g/t. The run of mine ore stockpile balance increased by 521kt to 1,012kt at the end of the period.

The underground operation delivered 256kt of ore, a 9% reduction on the previous quarter, at an average mined grade of 9.3g/t. Productivity remained above our forecast rate of 1 million tonnes per annum at 6g/t. Ore from stoping was 143kt at 8.5g/t, comparable with the previous quarter (145kt at 9.2g/t). Ore from development was 113kt at 10.3g/t.
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