Post by
Doozer on Feb 23, 2021 9:20am
Q4 and Year End Tomorrow
Centerra Gold announces second quarter conference call Production wasn't great in Q4 but still expecting a decent contribution to the mountain of cash for what they did sell. Overall a great year and a beat to guidance. Their balance sheet will look fantastic...and the greenstone sale of $210mil in cash + $75mil contingency won't even be factored in given this closed in Q1 of this year.
Some clarity from the KR was also received in January; there's a ban on foreign companies for new mining projects. Firms with current holding rights are excluded from this order. Hopefully that's the end of that, but perhaps some additional clarity will be provided on the call tomorrow. Complete confidence will likely never be there for working in the KR though.
Thinking outside the box a bit, I can't help but wonder if CG should create a small crypto wallet position with their cash given they're not actively using this for significant capex purposes. Already a bit of an investment pariah anyway, and they won't be making any new friends in the industry by doing this, but wondering if it makes sense for them to hold a small percentage (2%) of their current cash to get some digital currencies at opportune time in the future (bitcoin,ether, etc.). Seems like there's always this binary fight for alternatives to fiat currency given state and HH debt levels and money printing; traditional safe havens of gold/silver vs. emergent digital currency trends. Perhaps there's a first mover opportunity here for a gold company that has a strong balance sheet to try and be a blend of the two that would be an attractive alternative to the wider investment community that crosses many demographics...start off very small with crypto, but have flexibility to adapt and scale. I dunno, probably just thinking crazy....
Hope to hear some good news on the call tomorrow
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