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CG - Centerra Gold - Page 3

post #41 of 77
Yes I believe from the financials i read GCE is now free of debt - as Brookfield converted their debt into shares. The prices for coal sales for this upcoming Q should be over 220$ a tonne average for their met coal and we are expecting fuel prices to decline with price of oil dropping nearly 90$ a bbl in the past few months from a high of 145$. So their actual costs for production should go down while their sales remaiin high due to locked in contracts. I expect similar numbers next Q - about .50 a share in earnings.
post #42 of 77
GCE has been pushed down so far IMO because coal prices are expected to drop significantly this coming year.. mouser you mention they have a contract into 09 at set pricing.. is it for all of 09?
post #43 of 77
Thread Starter 
I got a lot of stress for this CG
post #44 of 77
Thread Starter 
I've read that coal companies are seen in loss in 2011/2012, can be that the effects of lower prices are reflected after years? much different from software, internet or consumer companies?
post #45 of 77
Thread Starter 
Quote:
Originally Posted by mouserman View Post
Yes I believe from the financials i read GCE is now free of debt - as Brookfield converted their debt into shares. The prices for coal sales for this upcoming Q should be over 220$ a tonne average for their met coal and we are expecting fuel prices to decline with price of oil dropping nearly 90$ a bbl in the past few months from a high of 145$. So their actual costs for production should go down while their sales remaiin high due to locked in contracts. I expect similar numbers next Q - about .50 a share in earnings.
can you show us last 10 years price of coal and where is traded the coal I think there is not a future in Us, what to follow then?
post #46 of 77
Yes analysts are predicting coal prices to drop - and they will soften some - but even the most negative predictions are 120- 150 a ton for met coal and that is still far above where the prices were 2 years ago. AND analysts have been wrong a lot more than right. A lot can happen in six months, including a fall in the US$$ which would bring commodity prices back up.
GCE still looks profitable at coal prices half of where they are now and thge fact remains that by the time GCE's current contracts expire in April 09 they will be sitting on well over 120 million in cash by all estimates. They are ridiculously low iin valuation here IMHO.
Back to CG - they also dependent on gold prices heading higher and not lower- so who do you listen to? Some ANALysts say gold heading for sub 600$ levels again - other say its going to 2000$- you pays your money and you takes your chances.
I happen to believe the BRIC countries infrastructure buildup is going to continue despite a huge weakness in America , and this should keep commodity prices strong.
post #47 of 77
I doubt that a fall in the US$ will soon come. I was to believe the same a while ago and made some money on gold and lost some money. I sat back and then realized we already lowered all rates as much as we are going to. The only way for it to head is back up once inflation starts picking up. With that being said other countries are just now starting to lower their rates which is going to lower their currency value. So when that happens people will come running back to the US$ which has been happening and commodity prices will continue to decline that has been happening. Thats why i see oil at 45 a barrel by JAN. Gold will be the movement only when the dollar starts to lose ground
post #48 of 77
Quote:
Originally Posted by aristoentertainment View Post
I doubt that a fall in the US$ will soon come. I was to believe the same a while ago and made some money on gold and lost some money. I sat back and then realized we already lowered all rates as much as we are going to. The only way for it to head is back up once inflation starts picking up. With that being said other countries are just now starting to lower their rates which is going to lower their currency value. So when that happens people will come running back to the US$ which has been happening and commodity prices will continue to decline that has been happening. Thats why i see oil at 45 a barrel by JAN. Gold will be the movement only when the dollar starts to lose ground
I have to agree with the points you make man.. GOLD has shown NO strength at all in the last couple months in a time of great financial uncertainty and huge market volatality.. NORMALLY times when gold rises dramatically in price. Therefore IMO there is no reason to believe there will be any changes in this for the foreseeable future. I am a gold bear Mouser I hope you are right for the sake of all Canadians (BRIC growth) but i just cannot see much of any super-bullish signs from BRIC nations. Russia is in a crisis, China is arguably a bubble and Brazil has been weakened in part by the commodity crash too. Like I say I wish this magical BRIC could save Canada by devouring resources like no tomorrow but it just doesnt appear like that is the case..
post #49 of 77
Thread Starter 
russia is cheap now but can fall again but is cheap was -78% since top, brasil is still expensive will fall more, china is cheap but will fall more like russia, india is expensive like brasil and will fall more. But soon bric will bottom, with this speed I think in 2009, then if they will do a v spike, a double bottom or U bottom etc we will see in 2009/2010.
post #50 of 77
Thread Starter 
today seem that we want to test the lows (:-)
post #51 of 77
Well we shall see what transpires in the next year- what i do know is that the US is the most indebted country in the world and have increased their money supply by over double in a few short months. History has shown that this will eventually lead to commodity price inflation- how long the bigboys can keep this charade up ( us $) is anybody's guess.
post #52 of 77
gold looking to go down once these MFs get off t.v
post #53 of 77
CG up nicely today 16% at this moment
post #54 of 77
Thread Starter 
oh my god, yes it's true, any news?
post #55 of 77
Thread Starter 
+19% any news???
post #56 of 77
Thread Starter 
+23% 1.43....
post #57 of 77
Thread Starter 
with a PE of 5 should have a value of 2,30/2,50 CAD at least, to wait there? or sell now?
post #58 of 77
Thread Starter 
I bought GCE now at 0.88 I wouldn't make the same of CG... 1.40 in the next days.
post #59 of 77
Thread Starter 
1000 CAD, nothing important... any other stock with PE so low? or just CG and GCE?
post #60 of 77
Thread Starter 
all in silence? now is back to 1.26/1.27
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