Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 09:50 AM. | Search:

» StockRants Stock Forum » Public Stock Forums » Euro / UK Stock Picks » Buy: LSE:CEY



Reply
 
Thread Tools Search this Thread
Old 05-18-2009, 07:50 PM   Nav to Top  #1
slarty
littlefish bigpond
 
slarty's Avatar
 
Join Date: May 2009
Location: cambridge
Posts: 81
Favorites: moni, tcm, chns
Rep Power: 168
Reputation: 686
slarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to behold
Big Smile LSE:CEY

Well, this is one i've not seen anyone else pick anywhere:

Centamin Egypt, CEY:LSE
Close monday 18th May: 68p/H:72/L:22p

As of June '08:
Market Cap of 283M ( I think this is all in dollars, but i'm not sure)
Revenue: 6.8M
Profit:+4.2M
Property/Assets: +38M/137M
Cash: **YES, CASH** of +182Million!!
NO BORROWINGS!!! - - - loads of cash - they don't need any w**, sorry, bankers!
Net Assets: +353M

Can we get any more plusses??!!

YES WE CAN,.. since they are on target to start their latest mining at Sukari, in Egypt, next to the Red Sea.
They are on target for production in Qtr2, 2009.
They've measured 9.4Mil oz of gold. with more possible.

These guys seem to really know what they're doing, just take a look at their website: you'll have to google it, 'cause they keep everything really low key, but they obviously know what they're doing.
They've got every detail of their operation planned out. maps of the deposits, etc.
EG:
There's full foreign ownership allowed in Egypt
All Permits are in place
Concessions negotiated for a 15 year tax free period!!

You can even see the guys who are going to make you a load of dosh! take a look at the website! .....

~ CENTAMIN EGYPT LIMITED ~

brilliant!!

If you can find anything wrong with this one - please tell me quick-

Slarty
slarty is offline   2 thumbs up / 0 thumbs down. Rate this post Yes | No Reply With Quote
Old 05-19-2009, 12:25 PM   Nav to Top  #2
Pheonix
Trader
 
Pheonix's Avatar
 
Join Date: May 2009
Location: Southampton
Posts: 46
Favorites: AFR.L GGG.L CFM.L
Rep Power: 152
Reputation: 327
Pheonix is a jewel in the roughPheonix is a jewel in the roughPheonix is a jewel in the roughPheonix is a jewel in the rough
Default

Looking at their quarterly reports now. Quarterly report Q1 2009 (TSX version)

A few brief highlights:
Net assets of $383mil USD, cash of $110mil USD. positive cash flow during Q1 2009 (+$12mil USD )

On 02 April 2009, the company announced it had entered into an agreement with Macquarie Bank Limited (“MBL”) to provide a corporate loan facility of up to US$25 million (the “Facility”). It is the Company’s intention that development of the Sukari Gold Project will be funded out of existing cash resources and internally generated cash flow however the Facility provides the Company with access to additional funds at a low cost for future use, if required.

Good game plan for the next 4 years in detail : Company Presentation - May 09.pdf
It does look good from what I can see, I might consider investing when I have the cash, though I would say that this is a long investment.

Last edited by Pheonix; 05-19-2009 at 12:26 PM.. Reason: added currency signs
Pheonix is offline   1 thumbs up / 0 thumbs down. Rate this post Yes | No Reply With Quote
Old 05-20-2009, 12:07 PM   Nav to Top  #3
CDL
Junior Trader
 
CDL's Avatar
 
Join Date: May 2009
Location: London
Posts: 17
Favorites: GGG, AFR & CPRK
Rep Power: 144
Reputation: 164
CDL has a spectacular aura aboutCDL has a spectacular aura about
Default

Nice found! I see the price jumped 14% today on this news.....

http://www.centamin.com/admin/upload..._20_May_09.pdf
CDL is offline   Rate this post Yes | No Reply With Quote
Old 05-22-2009, 07:47 AM   Nav to Top  #4
WalsallGooner
Junior Trader
 
WalsallGooner's Avatar
 
Join Date: May 2009
Location: Shropshire
Posts: 9
Favorites: CEY, AFR, RGM
Rep Power: 141
Reputation: 121
WalsallGooner will become famous soon enoughWalsallGooner will become famous soon enough
Default Got in at 53p

I have been riding this one for the past month in anticipation of the 'First Pour' at the end of June

The outlook is very good. From what I read, they look to output 250K oz of Gold in their 1st full year of production, moving forward to 500K oz a year for the next 20 years.

The only negative here is the number of shares issued (984.70m), though I see more value for money if they keep finding more gold.

Here are some forecasts I got on my Share dealing site
Year ending June 2009, EPS -0.9p
Year ending June 2010, EPS 5.14p
__________________
I'll be Damned if I do or Damned if I Don't

Last edited by WalsallGooner; 05-22-2009 at 08:09 AM.. Reason: Typo
WalsallGooner is offline   Rate this post Yes | No Reply With Quote
Old 05-22-2009, 05:53 PM   Nav to Top  #5
slarty
littlefish bigpond
 
slarty's Avatar
 
Join Date: May 2009
Location: cambridge
Posts: 81
Favorites: moni, tcm, chns
Rep Power: 168
Reputation: 686
slarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to beholdslarty is a splendid one to behold
Thread Starter
Default

Well done walsallGooner! for getting on earlier than me, you need to tell us next time!
__________________
Bottom feed by all means, but don't hoover the sand
slarty is offline   Rate this post Yes | No Reply With Quote
Old 05-30-2009, 06:13 PM   Nav to Top  #6
Pheonix
Trader
 
Pheonix's Avatar
 
Join Date: May 2009
Location: Southampton
Posts: 46
Favorites: AFR.L GGG.L CFM.L
Rep Power: 152
Reputation: 327
Pheonix is a jewel in the roughPheonix is a jewel in the roughPheonix is a jewel in the roughPheonix is a jewel in the rough
Default

More shares being issued into AIM on 5th June- might be a good time to get in, just before the 1st pour scheduled for end of June. I'm predicting that they'll hit over 1.00. Although I could be entirely wrong....

CENTAMIN EGYPT News CEY CEY.L - Interactive Investor


RNS Number : 0051T Centamin Egypt Limited 29 May 2009

Immediate Release 29 May 2009

Centamin Egypt Limited

("Centamin" or "the Company")

Issue of Equity

Centamin Egypt Limited (TSX:CEE, ASX:CNT, AIM:CEY) announces that, following the exercise of unquoted employee options:-

# 75,000 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF A$0.7106 PER SHARE ON 22 MAY 2009;

# 50,000 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF A$0.7106 PER SHARE ON 25 MAY 2009; AND

# 50,000 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF A$0.7106 PER SHARE ON 28 MAY 2009.

Furthermore, following the exercise of unquoted broker warrants:

# 329,280 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF C$1.20PER SHARE ON 26 MAY 2009; AND

# 670,720 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF C$0.65 PER SHARE ON 26 MAY 2009.

Application has been made for the new ordinary shares to be admitted to trading on AIM. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on 05 June 2009.

The total number of Ordinary Shares on issue following the above issues is 990,875,623.

For more information please contact:

Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

~ CENTAMIN EGYPT LIMITED ~

Buchanan Communications Limited

+ 44 (0) 207 7466 5000

Ben Willey

Bobby Morse

Ambrian Partners Limited

+ 44 (0) 207 7634 4700

Richard Brown

Richard Greenfield

This information is provided by RNS The company news service from the London Stock Exchange

END
__________________
Pheonix
In trading, emotions lead to fear, fear leads to anger, anger leads to hate, hate leads to suffering, suffering leads to the dark side, losses, and no money left in the bank...
Placing my bets since May 09, so take what I say with a handful of salt.
I'm NOT a registered financial advisor, nor am I regulated by any financial authority. The above may contain my personal views, may not be factual, and I'm not responsible for any action(s) taken from the viewing of this post.

Pheonix is offline   Rate this post Yes | No Reply With Quote
Old 05-30-2009, 06:33 PM   Nav to Top  #7
AndyB
Pro Charting Wannabe
 
AndyB's Avatar
 
Join Date: Apr 2009
Location: Manchester
Posts: 386
Favorites: $SPX GGG.L ARSLF
Rep Power: 331
Reputation: 4467
AndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond reputeAndyB has a reputation beyond repute
Default

This one's been on my radar for ages, but blimey, I can't but it after that rise, I need to see some consolidation first in order to build up some steam for the next move.
Attached Images
File Type: png CEY Weekly.png (116.8 KB, 13 views)
__________________
I am a junior investor/trader with less than a years experience, so weight my words accordingly.

I'm using a stoploss at my break-even on SFEG. Production is delayed.
AndyB is offline   Rate this post Yes | No Reply With Quote
Old 06-25-2009, 03:31 PM   Nav to Top  #8
WalsallGooner
Junior Trader
 
WalsallGooner's Avatar
 
Join Date: May 2009
Location: Shropshire
Posts: 9
Favorites: CEY, AFR, RGM
Rep Power: 141
Reputation: 121
WalsallGooner will become famous soon enoughWalsallGooner will become famous soon enough
Default All time High today!

Finally broke the 90p barrier, ended at 90.25 today after going as high as 92p

been a great week so far, coming back from the mid 70's of last week

__________________
I'll be Damned if I do or Damned if I Don't
WalsallGooner is offline   Rate this post Yes | No Reply With Quote
Old 06-29-2009, 05:59 PM   Nav to Top  #9
WalsallGooner
Junior Trader
 
WalsallGooner's Avatar
 
Join Date: May 2009
Location: Shropshire
Posts: 9
Favorites: CEY, AFR, RGM
Rep Power: 141
Reputation: 121
WalsallGooner will become famous soon enoughWalsallGooner will become famous soon enough
Default First Gold Pour has commenced!

Just had a look on the Centamin Eygpt website

Here is the Article
http://www.centamin.com/admin/upload..._gold_pour.pdf

Here are the pictures.
http://www.centamin.com/admin/upload...our%20pics.pdf
__________________
I'll be Damned if I do or Damned if I Don't
WalsallGooner is offline   1 thumbs up / 0 thumbs down. Rate this post Yes | No Reply With Quote
Reply

Tags
LSE:CEY

Similar Threads
Thread Thread Starter Forum Replies Last Post
Buy: African Copper - LSE:ACU uNkwn Euro / UK Stock Picks 176 08-05-2009 11:21 AM
Long: MNR - Minerva Plc (LSE) - Property - Long PanKleks Euro / UK Stock Picks 4 06-10-2009 05:38 PM
How do US traders buy LSE stocks? rohan Traders Lounge 3 05-12-2009 11:52 PM
LSE:VGM down to 0.900p, share issue to CZN.T slarty Rumors & News 2 05-07-2009 08:21 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On