Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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Looks strong in the morning here, wonder if the RNS will arrive ? If so how much will it go up by ? 30/40/50%?
I think anywhere between 16p and 20p
18p/20p easy
But by end of summer 25p for me
Ticking up again.
With so much uncertainty in the market, this is a safe haven
Agreed, another well know article saying gold to average $2150 in Q2, if true coupled with the increased production, this could quite easily double
Hedge eye very bullish gold
Surprised by the large spread
12.46 - 12.78 is the actual spread im getting
If you look at the buys and sells the last hour, the spread looked bigger than that
Not that it matters.
Perfect storm here.
POG extremely high
Ramp up in production to 100k oz per annum any day
New ISA allowance next week
Everything is looking perfect for a huge re-rate
If Centamin is producing 440,000 per annum, and Shanta at 100,000 (with confirmation).
Centamin is producing 4.4x more than Shanta and is worth 1.1billion market cap, therefore Shantas 131m x 4.4 = 576m, therefore Shanta is currently 50% undervalued.
Once confirmation of 100,000 oz annually, Shanta should in theory double, also Shanta is a lot more efficient than Centamin per oz.
Indeed, Shanta AISC was $100/oz lower than CEY in FY 22 and Q4 22 and is expected to fall again once Singida is online.
CEY is a long established mine that's been producing 400K-500K ounces for years and years.
So is rated highly (PE 12.4) delivering large profits every single year.
Could account for the discrepancy.
I'm not a CEY shareholder
Just saying....
producing for years but have quite a few mishaps, and the previous calculation doesnt include west kenya, which will need money to build but still
used to trade centamin quite a lot, but they just cant seem to get out of their own way sometimes