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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market

Member Info for Siko

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Member Since: Sun, 11th Dec 2011

Number of Share Chat Posts (all time): 1,594
Number of Share Chat Posts (last 30 days): 13

Last Posted: Thu 23:07

Post Distribution over the last 30 days

Thu 23:07

Petroleum minister: We have chosen the companies that won the 5 areas, we are now in the final stage of checking their papers before announcing the results, they are 3 foreign companies and one Egyptian company, the result will be very soon, after announcing the result we are going to announce a new auction in the summer.
Wed 09:54

There is nothing in the Egyptian media about the company to explain today's drop, the only piece of news is about yesterday shipment.

I also checked with someone I know in Egypt and he was not aware of anything related to the company that could cause this drop, so I personally bought a few shares this morning at 157.
Tue 19:43

393kg shipment at Cairo Airport tonight

Q2 shipments:

393kg 20th June

369kg 13th June

358kg 5th June

412kg 29th May

333kg 22nd May

214kg 18th May

297kg 16th May

307kg 9th May

304kg 4th May

246kg 2nd May

197kg 24th April

260kg 19th April

168kg 12th April

369kg 5th April
16 Jun '17

I agree with you Jimbowen. EMRA officials have mentioned a few times in the media (14.5m oz reserve), and this link in English is one of them:

but I also think that they were just confused between reserve and resource and also the translation is not easy for these 2 words in Arabic.
14 Jun '17

I know you must be sick of me by now, but I’m going to Egypt next month and once again I’m asking for your support. If you don’t know what I do, please read the story and all the updates. Any help will be greatly appreciated.
Thanks in advance.
14 Jun '17

Still no officcial news from EMRA or the petroleum ministry.

EMRA says (We submitted our recommendations to the petroleum ministry and now it's in the hands of the petroleum minister)..

The petroleum ministry says (We are still looking into it).

Some unofficial sources claim that 4 companies won the tenders, but no news out yet, while other sources say that the auctions could be cancelled altogether which to be honest could be damaging if some companies have already applied under the advertised T&Cs.

Will let you know if I know anything.
13 Jun '17

369kg shipment at Cairo airport tonight.
5 Jun '17

358kg shipment at Cairo airport tonight
1 Jun '17

Rebess, My family bought a property in Egypt in 2010, there is a legal procedure in Egypt called "confirmation of signature), where the court sends a copy of the contract to the seller to ask him if the signature is his as an extra legal procedure of confirming the sale. We submitted the contract to the court in 2010.. until 2 months ago the signature was not confirmed, so we cancelled the procedure as we worried in case the court lost the original contract.. when we got the contract back, it was stamped as seen by the judge only once in 2015 and that was it..
1 Jun '17

As you know the tender result was supposed to be announced on 20th May, then it was rescheduled for the end of this week (i.e today in Egypt).. They have not made any comments yet.. I have just spoken to someone in Egypt who is following this subject, he told me he heard that the Administrative Control Authority might cancel the tenders hence the delay.. He did not have any more details.. There seem to be a lot going behind the scenes.. (Please don't take any of this as solid information.. it's all talks and Egypt s full of it as you must know by now)..

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