CNT - Centamin Egypt
- Thread starter rcfoote
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rcfoote@optusnet.com.au said:
http://www.centamin.com/
Centamin Egypt ( CNT on ASX, CEY on the LSE AIM Market ) is one of the most followed stocks in the UK and tipped by very many tipsters. There is probably a need to watch this stock on both markets, ASX and LSE AIM.
http://www.corporateinformation.com/snapshot.asp?Cusip=C036F4690
There is an enormous upside to Centamin, and also the usual risks with a developing country.
Sukari is one of the world's biggest new gold projects. It is in it's infancy, although production is anticipated in 2008. It's estimated resource is 10 million ounces (estimate based on the 200,000m of exploration already completed.)
I bought a small holding some time ago as a pure punt. Now that title has been secured and commerciality demonstrated I have bought more (though at a much hire price unfortunately, them's the breaks but I wanted to wait for more certainty).
Centamin have all the money they need to develop Sukari, from their listing on the Canadian Exchange. Thus no chance for an App 3 here (well never say never but highly unlikely).
If you're into fundamentals, one of the best points is the extremely low discovery cost so far - A$5 an ounce. Try and find cheaper than that! Once production is underway the estimated production costs are something like A$350 an ounce.
I think it's still very good buying. Huge upside if you have a little patience. Not a traders stock due to the low level of general interest, which IMO is a good thing.
Sukari is one of the world's biggest new gold projects. It is in it's infancy, although production is anticipated in 2008. It's estimated resource is 10 million ounces (estimate based on the 200,000m of exploration already completed.)
I bought a small holding some time ago as a pure punt. Now that title has been secured and commerciality demonstrated I have bought more (though at a much hire price unfortunately, them's the breaks but I wanted to wait for more certainty).
Centamin have all the money they need to develop Sukari, from their listing on the Canadian Exchange. Thus no chance for an App 3 here (well never say never but highly unlikely).
If you're into fundamentals, one of the best points is the extremely low discovery cost so far - A$5 an ounce. Try and find cheaper than that! Once production is underway the estimated production costs are something like A$350 an ounce.
I think it's still very good buying. Huge upside if you have a little patience. Not a traders stock due to the low level of general interest, which IMO is a good thing.
michael_selway
Coal & Phosphate, thats it!
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UPGRADES RESOURCE BY 666,000 OUNCES TO 10.45 MOZ
Btw do you know how many onces per annum they intend to produce once in full production?
thx
MS
Just found this forum, and joined, so my first post.
Bought CNT a few months back for $1, sold for $1.39, and bought back in last week for $1.23.-missed the low!
This is a good story, and with only half of the resource drilled has some legs left.
There are other highly regarded prospects as well, and with the low cash cost, is very interesting.
Will probably hold for the long term now, and I do have a reasonable amount invested
cheers
Bought CNT a few months back for $1, sold for $1.39, and bought back in last week for $1.23.-missed the low!
This is a good story, and with only half of the resource drilled has some legs left.
There are other highly regarded prospects as well, and with the low cash cost, is very interesting.
Will probably hold for the long term now, and I do have a reasonable amount invested
cheers
What are people's views on CNT with fat prophet's still giving it a buy recommendation?
Apparently they have 11,000,000 oz of Au and plan to produce it this year. Does anyone know at what pace they intend to mine/produce?
Also, does anybody have access to full broker reports on CNT and are willing to post just the price targets set by various brokers?
There is not a lot of information on CNT but with 11 mil of gold you would think they are a pretty safe bet with the rise in gold. There is also no EPS guidance, any help with that would be very much appreciate.
Apparently they have 11,000,000 oz of Au and plan to produce it this year. Does anyone know at what pace they intend to mine/produce?
Also, does anybody have access to full broker reports on CNT and are willing to post just the price targets set by various brokers?
There is not a lot of information on CNT but with 11 mil of gold you would think they are a pretty safe bet with the rise in gold. There is also no EPS guidance, any help with that would be very much appreciate.
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Anyone interested in CNT at the moment? Measured and indicated ounces are growing as more drilling is conducted, orebody appears open at depth, and they are not hedged in to gold price, which should be an advantage
.
SP is low now, as with most stocks, but I would think these would be worth having as they lead up to producing mid next year.
Is this timeframe still on target?
.SP is low now, as with most stocks, but I would think these would be worth having as they lead up to producing mid next year.
Is this timeframe still on target?
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CNT appeared on my scan over the weekend.
A triple bottom pattern has formed.
Last Fri, CNT opened at 60c, peaked at 75c and closed at 70c.
This wide daily excursion was for no other reason than a spike in the gold price, as far as I could tell.
At present (Wed 26Nov08) it's sitting at 72c on very low volume, implying that the market's interest may have moved elsewhere for the time being.
A triple bottom pattern has formed.
Last Fri, CNT opened at 60c, peaked at 75c and closed at 70c.
This wide daily excursion was for no other reason than a spike in the gold price, as far as I could tell.
At present (Wed 26Nov08) it's sitting at 72c on very low volume, implying that the market's interest may have moved elsewhere for the time being.
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Well I was wrong about lost market interest.
CNT is presently sitting at 80c, having started this week at 73c, a tidy 9% gain over the past 5 days.
CNT is presently sitting at 80c, having started this week at 73c, a tidy 9% gain over the past 5 days.
Sean K
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Been losely following. All sounds on schedule for initial production forecasting 200K oz au per year which is pretty handy. Cash costs look pretty low, I think I remember $350 ish an oz which is outstanding, but need to check that. Diluted a little with the capital raising but has made it financially sound for some time. About 900m on issue at $0.86 gives it an MC of about 770m and MC to oz au of about $70 which is very low for a near producer. It's normally above $100 so could be cheap at this point. Maybe just in time to take advantage of POG prices, sure they haven't hedged?
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Becoming rather interesting. CNT (CEE in Toronto) has been heavily traded on the TSX for the last couple of days and is going steadily upward. Big gap up on Tuesday. Something must be happening.
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Hello all, I am a long time lurker and this is my first post.
I hold this stock and like it, but I have just found out that it will be delisted from the asx in 3 months time. I do not hold any shares on overseas registers, even though I would like to. Is there a thread about how to do this elsewhere?
Also, the stock has been extremely volatile in the last week, going up and down about 7% plus a day.
I hold this stock and like it, but I have just found out that it will be delisted from the asx in 3 months time.
I do not hold any shares on overseas registers, even though I would like to. Is there a thread about how to do this elsewhere?Also, the stock has been extremely volatile in the last week, going up and down about 7% plus a day.
Sean K
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GC, you should call the company and ask them. I'm sure they will be very helpful.Hello all, I am a long time lurker and this is my first post.
I hold this stock and like it, but I have just found out that it will be delisted from the asx in 3 months time.
Also, the stock has been extremely volatile in the last week, going up and down about 7% plus a day.
Office is in WA.
Telephone: (618) 9316 2640
Email: centamin@centamin.com.au
You could also read their announcements regarding the listing.
On 29 January 2010, Australian Shareholders will have their electronic holdings on the ASX register converted to certificated holdings on the Australian register (which will continue to be maintained on Centamin’s behalf by Computershare). This process will occur automatically and no action will be required by an Australian Shareholder. Australian Shareholders will then be issued with a share certificate representing their holding which should be kept in a safe place as it is evidence of the shareholding and will be required to support any future transfer or sale request.
http://www.centamin.com/admin/uploa..._to_Aus_Registered_Shareholders_29_Oct_09.pdf
Sounds like it's going to be a pain in the @rse to trade your shares at short notice.
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Centamin Egypt: I always meant to take a look at these; hear we are, oh yes, and in an amusing way indeed. Why not aye... http://iball.iii.co.uk/2010/05/03/centamin-egypt-cey
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Less amusing for Aussie shareholders with trading only on UK AIM market and the Toronto Exchange TSX:CEE. However, CEY (formally ASX:CNT) have obtained a full listing on the London Stock Exchange LSE:CEY.
http://www.centamin.com.au
http://www.centamin.com
I find Centamin a bit enigmatic. I offloaded my holdings late Nov 09 @ $2.38. knowing it would be delisted on the ASX and I`m more than happy with the profit.
There is no longer a listing on the ASX, `Marcus Today` still have CNT as an Australian company listed in London and also in Toronto. Seems a bit dopey to me if there is no listing on the ASX. I held great hopes but didn`t want to go thru the hoops with OS exchanges.
Any ideas? I`ll keep all my local gold holdings, but Centamin was really attractive.
There is no longer a listing on the ASX, `Marcus Today` still have CNT as an Australian company listed in London and also in Toronto. Seems a bit dopey to me if there is no listing on the ASX. I held great hopes but didn`t want to go thru the hoops with OS exchanges.
Any ideas? I`ll keep all my local gold holdings, but Centamin was really attractive.
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